Evolve Foundation
Nonprofit profile at a glance
- EIN
- 994574192
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-N 2024
- Location
- Chicago, IL, USA
- Phone
- 7089054580
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Pollution Abatement and Control Services
Reported finances
- Revenue
- $593,945
- Expenses
- $376,700
- Assets
- $270,687
- Liabilities
- $3,442
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JEQUILLAN CHANDLER (PRESIDENT)
- JACQUELINE MACLACHLAN (TREASURER/EXECUTIVE DIRECTOR)
Highest reported compensation
- JEQUILLAN CHANDLER (PRESIDENT): $115,766 total reported compensation
- JACQUELINE MACLACHLAN (TREASURER/EXECUTIVE DIRECTOR): $31,513 total reported compensation
- CHRISTOPHER EDWARDS (SECRETARY): $25,328 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Evolve foundation connects untapped talent with the industries shaping our future.
What it reported doing in 2025
In 2025, evolve foundation demonstrated strong program outcomes, including an 85% job placement rate, a 98% average increase in participant income following completion, and a 2% recidivism rate among graduates.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 94
- Accountability: 38
- Sustainability: 57
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.2%; rating input score 43
- Program expense ratio: 68.1%; rating input score 68
- Fundraising efficiency: $14.4 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 25%; rating input score 25; 13th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 36.6%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 45.8%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 43.2% of revenue deployed · 68.1% of spending went to programs
- Governance: 1 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $256K in reported program spending
- Leadership: top reported pay $116K · 4 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors and grants
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- High — Accountability: Independent voting board scored 25/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.