Nonprofits502Circle Nil Collective Foundation

Recreation & Sports

502Circle Nil Collective Foundation

ATLANTA, GA

Total revenue

$679K

Total expenses

$618K

Net assets

$76K

Grants received

$587K

6 grants

EIN

920905366

Tax year

2023

Mission

502circle foundation is a non-profit in the city of louisville designed to position intercollegiate athletes in the community to create awareness and change around a variety of social issues. These topics are made up of, but are not limited to hunger, crime, drug use, mental health and sustainability. These programs have impacted thousands of children and families throughout the west end of louisville, southern indiana and a variety of other louisville suburbs. Athletes have participated in programs with dare to care, lords kitchen, delta foundation and others while hosting youth sports camps in underserved areas of town. As 502circle foundation continues to grow financially, these opportunities will be limitless for louisville athletes and the community.

Programs

3 programs

The foundation worked through the delta foundation's hoops and homework program, with around 50 athletes using their platform to inspire and support local youth. This initiative combines basketball with academic support, offering kids a constructive outlet while encouraging them to stay focused on their education and personal growth. The athletes' involvement provides mentorship and motivation, helping to foster positive energy both on and off the court.

Expenses: $100K

The foundation has partnered with dare to care to make a significant impact in the community through its mobile pantry and food preparation kitchen. With the involvement of around 75 athletes, this initiative helps provide vital support to local schools, families, and shelters in need. By deistributing food and preparing meals, 02circle athletes are not only helping to address food insecurity but also offering hope and relief to those facing difficult circumstances, reinfomring the foundation's commitmnet to giving back and strengthening the community.

Expenses: $70K

Various smaller projects providing mentorship to children and youth in west louisville and underpriviledged children in surroundingn areas.

Expenses: $246K

Financials

FY 2023

Revenue

Contributions & grants$679K
Program service revenue
Investment income
Other revenue
Total revenue$679K

Expenses

Grants paid
Salaries & benefits
Fundraising$9K
Other expenses$618K
Total expenses$618K
Total assets$76K
Net assets$76K

People

1 listed

NameRoleCompensation

MARC E SPIEGEL

PRESIDENT

Board

5 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$510K
UNRESTRICTED GENERAL SUPPORT
2024
$14K
N01 ALLIANCE/ADVOCACY ORGANIZATIONS
2023
$10K
GENERAL OPERATING SUPPORT
2023
$15K
N01 ALLIANCE/ADVOCACY ORGANIZATIONS
2022

Funded by

$587K from 5 funders · 6 grants · 2022–2024

The Community Foundation Of Louisville

$29K · 2 grants · 2022–2023

American Endowment Foundation

$10K · 1 grant · 2023

Details

EIN920905366
NTEE codeN01
Subsection03
Ruling date2022-11
Formed2022
Employees0
502CIRCLE NIL COLLECTIVE FOUNDATION — Mission, Financials & Grants Received | Grantivo