Overview

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Closed

This organization closed in 2020. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Est.

2019

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

990 file icon
2020
990 file icon
2019
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AI Summary

EVOLVE502 SCHOLARS FOUNDATION INC is a nonprofit focused on providing students with the caring, belief, access, and supports they need to achieve and succeed, while working to remove systemic barriers related to poverty and institutional racism. In filing year 2020, it reported an operating budget of $186.7K and total revenue of $6.9M; listed major funders include C E AND S FOUNDATION INC with a $5M grant in 2024, THE COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY INC with $260.2K in 2022, and THE WHIPPOORWILL FAMILY FOUNDATION with $150K in 2024.

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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.

Financials

2020
Revenues
$6.9M
Expenses
$186.7K
Net Income:
+$6.7M
Assets
$0
Liabilities
$0
Net Assets:
+$0

Financial Trends

2020
Operating Budget
$186.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
C E AND S FOUNDATION INC
Louisville, KY, US
$5M
9%
THE COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY INC
LOUISVILLE, KY, US
$260.2K
< 1%
THE WHIPPOORWILL FAMILY FOUNDATION
Prospect, KY, US
$150K
5%

Grants Received

2024
Total No. of Grants
2
Median grant size
$525K
Largest grant received
$1M

Board & Team

M
Mark Lynn
Board Member
M
Mary Gwen Wheeler
Board Member
M
Mary Nixon
Board Member
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  • 11 funders
  • 13 board & team members
  • 2 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is EVOLVE502 SCHOLARS FOUNDATION INC’s budget?
In 2020, EVOLVE502 SCHOLARS FOUNDATION INC reported an annual operating budget of around $187 thousand. More detailed financial information is available to registered users.
Where does EVOLVE502 SCHOLARS FOUNDATION INC operate?
EVOLVE502 SCHOLARS FOUNDATION INC is headquartered in LOUISVILLE, KY.
Who funded EVOLVE502 SCHOLARS FOUNDATION INC recently?
In 2024, EVOLVE502 SCHOLARS FOUNDATION INC received grants from C E AND S FOUNDATION INC, THE WHIPPOORWILL FAMILY FOUNDATION, and C E AND S FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant EVOLVE502 SCHOLARS FOUNDATION INC received in 2024?
The largest grant to EVOLVE502 SCHOLARS FOUNDATION INC in 2024 exceeds $1 million.