EVOLVE502 SCHOLARS FOUNDATION INC
Closed

EVOLVE502 SCHOLARS FOUNDATION INC
Closed

LOUISVILLE, KY, US
501(c)3
EIN
83-1897986

EVOLVE502 SCHOLARS FOUNDATION INC
Closed

LOUISVILLE, KY, US
501(c)3
EIN
83-1897986

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

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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EVOLVE502 SCHOLARS FOUNDATION INC is a nonprofit organization dedicated to providing the necessary support and resources for students to overcome systemic barriers related to poverty and institutional racism. With an operating budget of $186.7K and total revenue of $6.9M for the 2020 filing year, the foundation's mission emphasizes care, belief, and access to education. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its initiatives. More information can be found on their website at 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

$6.9M

Expenses

$186.7K

Net Income:
+$6.7M
Assets

$0

Liabilities

$0

Net Assets:
+$0
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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Total No. of Grants

2

Median grant size
$525K
Largest grant received
$1M
M
Mark Lynn
Board Member
M
Mary Gwen Wheeler
Board Member
M
Mary Nixon
Board Member

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.
Overview
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