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

EVOLVE502 Scholars Foundation Inc is a nonprofit organization dedicated to providing the necessary care, belief, access, and support for students to succeed while addressing systemic barriers related to poverty and institutional racism. With an operating budget of $186.7K and total revenue of $6.9M in 2020, the foundation demonstrates significant financial scale, although it relies on multiple unknown funders rather than any single source for over 50% of its revenue. For more information, visit 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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