Public Charity

EVOLVE502 INC

EVOLVE502 INC is a Public Charity headquartered in LOUISVILLE, KY. Financial data from the 2024 filing: $6.7M revenue, $6.0M expenses, $22.7M total assets. 37 publicly reported grants to this organization, totaling roughly $6.7M, appear in IRS filings.

EIN: 831877240 LOUISVILLE, KY Latest filing: 2024
Total Revenue$6.7M
Total Expenses$6.0M
Total Assets$22.7M
Grant Records37
Funding Total$6.7M
Filing Years2020–2024

Mission

WE WILL PROVIDE THE CARING, BELIEF, ACCESS, AND SUPPORTS EACH STUDENT NEEDS TO ACHIEVE AND SUCCEED AND WILL WORK TO REMOVE AND MITIGATE THE SYSTEMIC BARRIERS OF POVERTY AND INSTITUTIONAL RACISM.

Where $100 goes at Evolve502 Inc

How Evolve502 Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$82 Programs the work itself
$15 Management running the organization
$3 Fundraising raising the next dollar

Inside the $82 for programs

$46
Evolve502 will create broad-scale impact by leveraging the work of Louisville's existing government, education and social service partners to provide access to tools and resources for students and…
56% of program spending
$36
Evolve502 is raising the funds to provide all eligible jcps students a two-year, tuition free opportunity to attend any kctcs college, like jefferson or simmons college of kentucky…
44% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR (THRU 3/2024) Aaron Thompson
DIRECTOR (THRU 3/2024) Adria Johnson
DIRECTOR Alice Houston
DIRECTOR (THRU 3/2024) Amanda Gehring
SECRETARY Amy Lingo
DIRECTOR Ashley Hadley

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$5,606,083 26 grants
General Support
$982,310 9 grants
Fundraising & Sponsorship
$7,660 1 grant
Unspecified
$60,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.7M $6.0M $22.7M
2023 $8.3M $5.1M $20.2M
2022 $4.4M $4.8M $15.6M
2020 $2.1M $1.6M $8.0M

Between 2020 and 2024, reported annual revenue grew from $2.1M to $6.7M (+215%), with total assets most recently reported at $22.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for EVOLVE502 INC

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