2025-04-24T21:30:33Z 2024-12-31 990EZ 2024-01-01 934155665 COOLVEG FOUNDATION INC COOL 25 Hillside Avenue Cambridge MA 02140 Eric Anton Verploegen President 2025-04-24 2024 2025-03-06 01:10:19Z X X X X 70073 X 70073 70073 104016 3154 107170 -37097 0 0 -37097 X 17903 0 17903 55000 0 -37097 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. 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. 59283 X 95689 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. 9780 10647 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. 1000 0 106336 SORY IBRAHIM MARIKO Treasurer 1.00 0 0 0 ERIC ANTON VERPLOEGEN President 30.00 45467 0 0 LEON GLICKSMAN Heat transfer consultant 3.00 4563 0 0 DANIEL JOSEPH SWEENEY Secretary 1.00 0 0 0 SUCHETA BALIGA User research consultant 10.00 15464 0 0 false false false false false false true 55000 false false MA Eric Anton Verploegen 25 Hillside Ave Cambridge MA Building N51-302 Cambridge MA 02140 6179479762 false false false false false false false false false false false false NONE 0 NONE 0 true X 0 0 0 0 70073 70073 0 0 0 0 70073 70073 70073 70073 X 1.00000 0.00000 Eric Anton Verploegen President Cash flow X 250000 25581 Eric Anton Verploegen President Cash flow X 20000 20250 Eric Anton Verploegen President Cash flow X 10000 10155 55986 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.