NonprofitsEvolve502 Inc

Evolve502 Inc

LOUISVILLE, KY

Total revenue

$6.7M

Total expenses

$6.0M

Net assets

$21.6M

Grants received

$8.3M

59 grants

EIN

831877240

Tax year

2024

Mission

Evolve502 is focused on growing the educational attainment of louisville by providing a promise scholarship and supports, ensuring students have the tools and resources they need to be successful from cradle to career.

Programs

1 program

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.). Additional resources added in 2024 include access to emergency funds and success coaches to help scholars retain and succeed.

Expenses: $2.2MGrants: $1.6M

Financials

FY 2024

Revenue

Contributions & grants$6.4M
Program service revenue
Investment income$309K
Other revenue
Total revenue$6.7M

Expenses

Grants paid$1.6M
Salaries & benefits$1.1M
Fundraising$182K
Other expenses$3.4M
Total expenses$6.0M
Total assets$22.7M
Net assets$21.6M

People

35 listed

NameRoleCompensation

MARLAND COLE

EXECUTIVE DIRECTOR

Board

$171K

40 hrs/wk

PEDRO BRYANT

TREASURER

Board

10 hrs/wk

JAMES ALLEN

DIRECTOR

Board

1 hrs/wk

KARINA BARILLAS

DIRECTOR

Board

1 hrs/wk

ROBERT GUNN

DIRECTOR (BEGAN 3/2024)

Board

1 hrs/wk

ASHLEY HADLEY

DIRECTOR

Board

1 hrs/wk

DR TY HANDY

DIRECTOR

Board

1 hrs/wk

ALICE HOUSTON

DIRECTOR

Board

1 hrs/wk

MARK LAGESTEE

DIRECTOR

Board

1 hrs/wk

WALTER MALONE JR

DIRECTOR (BEGAN 3/2024)

Board

1 hrs/wk

LILLY MASSA-MCKINLEY

DIRECTOR (BEGAN 3/2024)

Board

1 hrs/wk

DR MARTY POLLIO

DIRECTOR

Board

1 hrs/wk

DIANE PORTER

DIRECTOR

Board

1 hrs/wk

LYNDON PRYOR

DIRECTOR (BEGAN 3/2024)

Board

1 hrs/wk

JOE REEVES

DIRECTOR

Board

1 hrs/wk

AUDWIN HELTON

CHAIRMAN

Board

10 hrs/wk

MARY GWEN WHEELER

DIRECTOR

Board

1 hrs/wk

MAYOR CRAIG GREENBERG

DIRECTOR

Board

1 hrs/wk

LARRY BENZ

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

RAYMOND BURSE

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

KEVIN COSBY

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

SARA DAVASHER-WISDOM

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

RYAN DAVIS

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

EMILIE DYER

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

AMANDA GEHRING

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

ADRIA JOHNSON

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

TESS MCNAIR

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

MASON RUMMEL

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

STEVE TARVER

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

AARON THOMPSON

DIRECTOR (THRU 3/2024)

Board

1 hrs/wk

CHRISTINE TARQUINIO

DIRECTOR (BEGAN 3/2024)

Board

1 hrs/wk

MARY NIXON

VICE CHAIR

Board

10 hrs/wk

AMY LINGO

SECRETARY

Board

5 hrs/wk

CHARLES DAVIS

DIRECTOR OF PROGRAMMING

Staff

$128K

40 hrs/wk

JOHN GUTHRIE

DIRECTOR OF FUNDRAISING

Staff

$106K

40 hrs/wk

Grants received

Showing 59 of 59

FromAmountPurposeYear
$400K
TO PROVIDE CARE, BELIEF,ACCESS AND SUPPORTS TO STUDENTS IN NEED
2024
$116K
STUDENT SUCCESS COACHES AND GENERAL OPERATIONS
2024
$30K
Pilot Program Support
2024
$8K
FAFSA STUDENT SUPPORT
2024
$3K
EVOLVE502 SCHOLARSHIPS
2024
$265K
B99 EDUCATION N.E.C.*
2023
$250K
Unrestricted Contributions to 501(c)3
2023
$240K
B99 EDUCATION N.E.C.*
2023
$205K
PUBLIC, SOCIETAL BENEFIT
2023
$75K
EVOLVE502 SCHOLARS OPPORTUNITY GRANTS FOR CLASSES OF 2023
2023
$52K
PROGRAM SUPPORT
2023
$50K
EDUCATIONAL PURPOSES
2023
$50K
MISSION DELIVERY SUPPORT
2023
$20K
GENERAL SUPPORT
2023
$10K
Health Care Scholarship fund
2023
$8K
B99 EDUCATION N.E.C.*
2023
$4K
SUPPORT GENERAL OPERATIONS OF ORGANIZATION
2023
$500K
PUBLIC, SOCIETAL BENEFIT
2022
$285K
B99 EDUCATION N.E.C.*
2022
$280K
EVOLVE502 SCHOLARS OPPORTUNITY GRANTS FOR CLASSES OF 2021 AND 2022
2022
$270K
B99 EDUCATION N.E.C.*
2022
$160K
B99 EDUCATION N.E.C.*
2022
$108K
PROGRAM SUPPORT
2022
$60K
EVOLVE502 CAMPAIGN
2022
$50K
PROGRAM SUPPORT
2022
$50K
HELP WITH COLLEGE PREPARATION
2022
$8K
SPONSORSHIPS, CONTRIBUTIONS, AND DONATIONS
2022
$3K
EDUCATIONAL PURPOSES
2022
$1.1M
B99 EDUCATION N.E.C.*
2021
$701K
B99 EDUCATION N.E.C.*
2021
$66K
PROGRAM SUPPORT
2021
$50K
HELP WITH COLLEGE PREPARATION
2021
$50K
PROGRAM SUPPORT
2021
$49K
Removing the persistent barriers to college education
2021
$25K
Evolve502 Scholars Scholarship Fund
2021
$10K
B99 EDUCATION N.E.C.*
2021
$354K
B99 EDUCATION N.E.C.
2020
$250K
Unrestricted Contributions to 501(C)(3)
2020
$200K
IMPLEMENTING THE LOUISVILLE PROMISE
2020
$151K
B99 EDUCATION N.E.C.*
2020
$100K
HELP WITH COLLEGE PREPARATION
2020
$56K
JCPS FREE COLLEGE PROGRAM
2020
$33K
B99 EDUCATION N.E.C.
2020
$30K
Removing the persistent barriers to college education
2020
$28K
JCPS FREE COLLEGE PROGRAM
2020
$25K
TO SUPPORT EVOLVE502 SCHOLARS FOUNDATION COMPREHENSIVE CAMPAIGN
2020
$729K
B EDUCATIONAL INSTITUTIONS
2019
$204K
B99 EDUCATION N.E.C.
2019
$83K
JCPS FREE COLLEGE PROGRAM
2019
$56K
JCPS FREE COLLEGE PROGRAM
2019
$50K
B99 EDUCATION N.E.C.*
2019
$25K
GENERAL OPERATING SUPPORT
2019
$10K
SPECIAL EDUCATION FUNDING
2019

Funded by

$8.3M from 26 funders · 59 grants · 2019–2024

The Community Foundation Of

$1.9M · 5 grants · 2019–2023

The Community Foundation Of Louisville

$1.6M · 5 grants · 2019–2023

The Community Foundation Of Louisville

$1.1M · 5 grants · 2019–2023

Donor Advised Charitable Giving Inc

$705K · 2 grants · 2022–2023

James Graham Brown Foundation Inc

$671K · 4 grants · 2020–2024

Yum Brands Foundation Inc

$500K · 2 grants · 2020–2023

Jefferson County Public Education

$400K · 1 grant · 2024

The Gheens Foundation Inc

$250K · 4 grants · 2020–2023

Details

EIN831877240
Subsection03
Ruling date2019-07
Formed2019
Employees16
Volunteers32
EVOLVE502 INC — Mission, Financials & Grants Received | Grantivo