Overview
What is Evolve502 Inc?
Evolve502 Inc, based in Louisville, Kentucky, is a dedicated nonprofit organization with a mission to create a significant impact on children's lives. They achieve this by collaborating with local government, educational, and social service partners. The primary focus of Evolve502 is to provide essential services that cater to each student's unique needs, fostering their growth and success. The organization is committed to addressing and alleviating the systemic barriers of poverty and institutional racism, ensuring an equitable learning environment for all children. With a team of 15 dedicated individuals, Evolve502 aspires to make a positive difference in the lives of young learners in the community.
Official website here: www.evolve502.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Evolve502 Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The organization excels in multiple areas, including having a fully independent board, excellent financial oversight, and a high program expense ratio, which indicates a significant portion of its funds is directed toward its mission-related activities.
The charity's financial management is commendable, with a low liabilities to assets ratio and high fundraising efficiency, demonstrating effective resource utilization. However, it is noted that Evolve502 Inc lacks specific policies, such as a whistleblower policy and a document retention policy, which are essential for overall governance and transparency.
Overall, Evolve502 Inc stands out for its financial responsibility and commitment to its mission, though it could enhance its governance framework by addressing the noted deficiencies in policy documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Evolve502 Inc legitimate?
Evolve502 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evolve502 Inc 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: $159,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $673,557
For more financial information, click here
Official website here: www.evolve502.org
What is the mission statement of Evolve502 Inc?
Evolve502 Inc's mission is centered around providing the necessary care, belief, access, and support for students to achieve and succeed. The organization recognizes and aims to address the systemic barriers of poverty and institutional racism. In an effort to create broad-scale impact, Evolve502 works in collaboration with existing government, education, and social service partners to ensure that children have access to vital services.
Official website here: www.evolve502.org
What is the revenue of Evolve502 Inc?
Evolve502 Inc's revenue in 2023 was $8,256,362.
Official website here: www.evolve502.org
Who are the executives of Evolve502 Inc and what are their salaries?
The average compensation at Evolve502 Inc during 2023 was $55,518. There are 15 employees and 30 volunteers at Evolve502 Inc.
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- Compensation: $154,961
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- Other: $4,254
Official website here: www.evolve502.org
Where can I find the form 990 for Evolve502 Inc?
Evolve502 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.evolve502.org
Learn more at the official website: www.evolve502.org
Mission Statement of Evolve502 Inc
Evolve502 Inc, a dedicated nonprofit organization, is committed to providing the necessary caring, belief, access, and supports each student requires to achieve and succeed. Recognizing the systemic barriers of poverty and institutional racism, Evolve502 Inc aims to actively remove and mitigate these obstacles, fostering an environment where every student can thrive. The organization seeks to create broad-scale impact by collaborating with existing government, education, and social service partners in Louisville, ensuring children have access to vital services.
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Impact
July, 2024
Evolve502 Inc's impact can be seen in its commitment to providing the caring, belief, access, and supports that every student needs to achieve and succeed. The organization works diligently to remove and mitigate systemic barriers of poverty and institutional racism, ensuring that all children have access to vital services. By leveraging the resources and partnerships within Louisville's government, education, and social service sectors, Evolve502 aims to create broad-scale impact in the community, particularly in the realm of education. Through their mission, they are actively working towards creating a more equitable and supportive environment for all students, regardless of their background or circumstances.
This information is meant to be a general summary of Evolve502 Inc. 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 2023.
- Investment Income: $204,509
- Gross Receipts: $8,256,362
Assets and Liabilities:
- Total Assets: $15,607,027
- Total Liabilities: $710,751
- Net Assets: $14,896,276
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Organization Details
Founding Year
2019
Principal Officer
Marland Cole
Website
www.evolve502.orgNTEE Category
Code: B24 - Education
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