Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
3.07x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 64.9% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$17,903
No earlier filing loaded for comparison.
Net Assets
-$37,097
No earlier filing loaded for comparison.
Liabilities
$55,000
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$70,073
No earlier filing loaded for comparison.
Expenses
$107,170
No earlier filing loaded for comparison.
Net Income
-$37,097
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 24, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $70,073
Mission and Program Overview
Mission
Charitable The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Mobile forced-air evaporative cooling chamber for smallholder farmers and produce vendors. Funded by Energy Saving Trust, CoolVeg trained local organizations in Nigeria and India to construct cooling chambers. This project is expected to directly benefit ~30 people, with the potential to benefit thousands when replicated. | $59,283 | $95,689 |
| Clay pot cooler training program with CARE International in Mali. CoolVeg and partners trained 50 people from Mopti, Mali on how to use clay pot coolers. The 50 people trained by CoolVeg are expected to train another 6,000 household heads, benefiting more than 50,000 people with increased access to nutritious foods. | $9,780 | $10,647 |
| Jerry can cooler training program in partnership with Bright Hope. CoolVeg provided remote instruction to 15 people on how to make a cooling device for fruits and vegetables in Northern Kenya. These 15 people are expected to share this information with others in their community benefiting over 1,000 people. | $1,000 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ERIC ANTON VERPLOEGEN | President | PT | $45,467 | - | $45,467 |
| SUCHETA BALIGA | User Research Consultant | PT | $15,464 | - | $15,464 |
| LEON GLICKSMAN | Heat Transfer Consultant | - | $4,563 | - | $4,563 |
| SORY IBRAHIM MARIKO | Treasurer | - | $0 | - | - |
| DANIEL JOSEPH SWEENEY | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Coolveg Foundation Inc
- EIN
- 93-4155665
- Address
- 25 Hillside Avenue, Cambridge, MA 02140
Signing Officer
- Name
- Eric Anton Verploegen
- Title
- President
- Signed
- 2025-04-24
Supplemental Narrative
Additional Explanations
Part I, Line 16
“990-EZ Part I, Line 16, Other expenses, totaling $3,154.05 The expenses totaling the amount above were for items including: - Material and equipment for activities directly related to work for specific grants. - Travel expenses for work related to specific grants. - Wire transfer fees for payments to contractors for specific grants. - Software subscriptions for general business operations”
Part II, Line 26
“990-EZ Part II, Line 26, Total liabilities, totaling $55,000.00 These liabilities are loans in the amount above were provided by CoolVeg Foundation's President, Eric Verploegen, to CoolVeg Foundation in order to provide working capital for specific projects. The Funder for CoolVeg Foundation's largest grant in 2024 requires the relevant activities to be completed and proof of payment to be provided before reimbursing CoolVeg Foundation for the work completed. These loans were necessary for the CoolVeg Foundation to complete the specified work before being reimbursed. These three (3) loans were each approved by the CoolVeg Foundation's board through a written agreement, with an interest rate of 4% per annum, calculated annually. The majority of these loans will be repaid to the lender (Eric Verploegen) in the second half of 2025 when CoolVeg Foundation receives reimbursement from the funder of CoolVeg Foundation's large project after the work is completed.”
Raw XML Appendix156 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
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| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
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| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
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| IRS990EZ/GrossReceiptsAmt | 0 | 70073 |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SORY IBRAHIM MARIKO |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | SUCHETA BALIGA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Heat transfer consultant |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | User research consultant |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3154 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Charitable The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Mobile forced-air evaporative cooling chamber for smallholder farmers and produce vendors. Funded by Energy Saving Trust, CoolVeg trained local organizations in Nigeria and India to construct cooling chambers. This project is expected to directly benefit ~30 people, with the potential to benefit thousands when replicated. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Clay pot cooler training program with CARE International in Mali. CoolVeg and partners trained 50 people from Mopti, Mali on how to use clay pot coolers. The 50 people trained by CoolVeg are expected to train another 6,000 household heads, benefiting more than 50,000 people with increased access to nutritious foods. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Jerry can cooler training program in partnership with Bright Hope. CoolVeg provided remote instruction to 15 people on how to make a cooling device for fruits and vegetables in Northern Kenya. These 15 people are expected to share this information with others in their community benefiting over 1,000 people. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd | 0 | X |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 59283 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 9780 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 1000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 95689 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 10647 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 55000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 107170 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 106336 |
| IRS990EZ/TotalRevenueAmt | 0 | 70073 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 70073 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 70073 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 70073 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 0 |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 70073 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 70073 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 70073 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 25581 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 20250 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 2 | 10155 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | Cash flow |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 1 | Cash flow |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 2 | Cash flow |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 1 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 2 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 250000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 1 | 20000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 2 | 10000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Eric Anton Verploegen |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | Eric Anton Verploegen |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 2 | Eric Anton Verploegen |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | President |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 1 | President |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 2 | President |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 55986 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 990-EZ Part I, Line 16, Other expenses, totaling $3,154.05 The expenses totaling the amount above were for items including: - Material and equipment for activities directly related to work for specific grants. - Travel expenses for work related to specific grants. - Wire transfer fees for payments to contractors for specific grants. - Software subscriptions for general business operations |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 990-EZ Part II, Line 26, Total liabilities, totaling $55,000.00 These liabilities are loans in the amount above were provided by CoolVeg Foundation's President, Eric Verploegen, to CoolVeg Foundation in order to provide working capital for specific projects. The Funder for CoolVeg Foundation's largest grant in 2024 requires the relevant activities to be completed and proof of payment to be provided before reimbursing CoolVeg Foundation for the work completed. These loans were necessary for the CoolVeg Foundation to complete the specified work before being reimbursed. These three (3) loans were each approved by the CoolVeg Foundation's board through a written agreement, with an interest rate of 4% per annum, calculated annually. The majority of these loans will be repaid to the lender (Eric Verploegen) in the second half of 2025 when CoolVeg Foundation receives reimbursement from the funder of CoolVeg Foundation's large project after the work is completed. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Eric Anton Verploegen |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | COOLVEG FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COOL |
| ReturnHeader/Filer/EIN | 0 | 934155665 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 25 Hillside Avenue |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Cambridge |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02140 |
| ReturnHeader/ReturnTs | 0 | 2025-04-24T21:30:33Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $17,903
- Liabilities
- $55,000
- Net assets
- -$37,097
- Revenue
- $70,073
- Expenses
- $107,170
- Net income
- -$37,097