EVOLVE502 INC

Louisville, KY, US
501(c)3
EIN
83-1877240
Louisville, KY, US
501(c)3
EIN
83-1877240

Overview

Sign up for

Est.

2019

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
Was this helpful?

EVOLVE502 INC is a nonprofit organization dedicated to enhancing educational attainment in Louisville through the provision of a promise scholarship and comprehensive support services, ensuring students have the necessary tools and resources for success from cradle to career. With an operating budget of $4.4 million and total revenue of $6.7 million for the 2024 filing year, the organization is well-resourced to fulfill its mission. Notably, it does not rely on a single funder for 50% or more of its revenue, allowing for a diverse funding base to support its initiatives. For more information, visit www.evolve502.org.

Mission Statement

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.
Revenues

$6.7M

Expenses

$6M

Net Income:
+$723.6K
Assets

$22.7M

Liabilities

$1.1M

Net Assets:
+$21.6M
Operating Budget

$4.4M

Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants

13

Median grant size
$50K
Largest grant received
$265K
M
Marland Cole
Board Member
K
Karina Barillas
Board Member
D
Diane Porter
Board Member

Frequently Asked Questions

What is EVOLVE502 INC’s budget?
In 2024, EVOLVE502 INC reported an annual operating budget of around $4.4 million. More detailed financial information is available to registered users.
Where does EVOLVE502 INC operate?
EVOLVE502 INC is headquartered in Louisville, KY.
Who funded EVOLVE502 INC recently?
In 2025, EVOLVE502 INC received grants from JEFFERSON COUNTY PUBLIC EDUCATION FOUNDATION INC, METRO UNITED WAY INC, and THE COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY INC. More information on this organization’s funders is available to registered users.
What is the largest grant EVOLVE502 INC received in 2024?
The largest grant to EVOLVE502 INC in 2024 exceeds $265 thousand.
Overview
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)