EIN 83-1877240

Evolve502

IRS 501(c) type
501(c)(3)
Num. employees
15
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
Description
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.
Total revenues
$4,389,973
2022
Total expenses
$4,760,951
2022
Total assets
$15,607,027
2022
Num. employees
15
2022

Program areas at Evolve502

Evolve502 will create broad-scale impact by leveraging the work of louisville's existing government, education and social service partners to provide children with vital services.
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, starting with the class of 2021 - 2034. The lowest income students will receive opportunity grants to cover the other costs of attending college (food, housing, computers, books, etc.)

Who funds Evolve502

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of LouisvilleB99 Education N.E.C. *$1,100,000
Schwab Charitable FundPublic, Societal Benefit$500,000
James Graham Brown FoundationEvolve502 Scholars Opportunity Grants for Classes of 2021 and 2022$280,000
...and 11 more grants received

Personnel at Evolve502

NameTitleCompensation
Dr. Charles DavisChief Comprehensive Services and Data Officer
Marland ColeExecutive Director$151,365
John J. GuthrieDirector of Development and Advocacy
Marlesia BryantOperations Manager
Brandy WarrenCommunications Manager
...and 5 more key personnel

Financials for Evolve502

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,312,035
Program services$0
Investment income and dividends$83,321
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-5,383
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,389,973

Form 990s for Evolve502

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-04990View PDF
2021-122022-11-15990View PDF
2020-122021-11-30990View PDF
2019-122021-08-05990View PDF
Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $60,000 from Jefferson County Teachers Association
January 1, 2024
Received grants
Identified 3 new grant, including a grant for $280,000 from James Graham Brown Foundation
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Updated personnel
Identified 1 new personnel
September 27, 2023
Received grants
Identified 2 new grant, including a grant for $107,778 from W. L. Lyons Brown Foundation
Nonprofit Types
SchoolsK-12 schoolsFamily service centersCharities
Issues
Education
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
515 W Market St
Louisville, KY 40202
Metro area
Louisville/Jefferson County, KY-IN
County
Jefferson County, KY
Website URL
evolve502.org/ 
Phone
(502) 292-6219
IRS details
EIN
83-1877240
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B24: Elementary School
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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