Overview
What is Evolve Mentoring?
Evolve Mentoring is a nonprofit organization situated in Raleigh, North Carolina, with a focus on supporting young adults as they transition into post-graduation life. The organization serves organizations of color and aims to be a backbone for the community. Their mission involves providing education, exposing young adults to improved financial, social, health, and fitness choices, fostering professional development, and offering mentoring opportunities. With a team of five dedicated individuals, Evolve Mentoring strives to empower and prepare young adults for their future endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating
Evolve Mentoring has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board and has established policies for conflicts of interest and whistleblower protections, it struggles with financial ratios that reflect a high liability to asset ratio and a low program expense ratio.
The organization has strengths in governance, with a complete score for independent board members and policies. However, there are notable weaknesses, particularly in financial health. The program expense ratio of 40.63% suggests that a limited portion of its expenses is directed towards its programs, raising questions about the overall impact of its operations.
Additionally, the absence of the nonprofit's tax form on its website, despite being listed in its Form 990, is a critical oversight that contributes to its low score. Overall, while Evolve Mentoring demonstrates strong governance practices, the financial management issues highlighted in the rating warrant closer scrutiny by potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Evolve Mentoring legitimate?
Evolve Mentoring is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evolve Mentoring submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $62,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,750
For more financial information, click here
What is the mission statement of Evolve Mentoring?
Evolve Mentoring's mission is centered around assisting young adults in their transition beyond graduation. This is achieved through various means, including education, exposure to better financial, social, health, and fitness choices, professional development, and mentoring. The organization aims to serve as a supportive backbone for the community, extending its reach to organizations that primarily cater to individuals of color.
Who is the CEO of Evolve Mentoring?
Tolulope Omokaiye is the Director of Evolve Mentoring.
What is the revenue of Evolve Mentoring?
Evolve Mentoring's revenue in 2020 was $202,505.
Who are the executives of Evolve Mentoring and what are their salaries?
The average compensation at Evolve Mentoring during 2020 was $18,350. There are 5 employees and 3 volunteers at Evolve Mentoring.
Here are 5 key members and their salaries:
- Compensation: $62,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Evolve Mentoring?
Evolve Mentoring's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Evolve Mentoring
Evolve Mentoring, a prominent organization, is committed to assisting young adults in their transition beyond graduation. Its mission is to equip these individuals with essential skills and knowledge in various aspects of life, including financial management, social etiquette, health and fitness, and professional development. Through mentoring, Evolve Mentoring aims to offer a supportive environment that fosters personal growth and prepares young adults for the challenges ahead. The organization serves as a backbone in the community, supporting organizations that cater to communities of color.
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Impact
October, 2024
Evolve Mentoring makes a significant impact by empowering young adults as they prepare for life after graduation. Through a focus on education and exposure to healthier financial, social, health & fitness choices, Evolve Mentoring equips participants with the essential skills and knowledge necessary for successful transitions into adulthood.
The organization's commitment to professional development and mentoring creates a supportive framework, helping young individuals navigate challenges and seize opportunities. By serving organizations of color in Raleigh, NC, Evolve Mentoring strengthens community ties and fosters an inclusive environment where diverse voices and experiences are valued.
This holistic approach not only prepares young adults for their future careers but also encourages them to make informed life choices that contribute to their overall well-being. The impact of Evolve Mentoring resonates within the community, creating a ripple effect of positive change as empowered young adults become contributing members of society.
This information is meant to be a general summary of Evolve Mentoring. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $202,505
Assets and Liabilities:
- Total Assets: $60,142
- Total Liabilities: $0
- Net Assets: $60,142
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Organization Details
Founding Year
2011
Phone
(919) 792-8352Principal Officer
Tolulope Omokaiye
Main Address
216 E LENOIR STREET, RALEIGH, NC, 27601
NTEE Category
Code: B60 - Education
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