Evece Foundation INC

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Promotes mental well-being by raising awareness, reducing stigma, and providing education and resources. For fiscal year 2024 it reported $258K in revenue, $217K in expenses, and $76K in net assets.Pt I

Type: Public charity (501(c)(3)) · Arts & Culture
Location: Atlanta, GA
Website: www.evece.org
Filings: 2 on file (2023–2024)

Revenue

$258KFY2024

Expenses

$217K

Net assets

$76K

People

Filings

Updates

More identity details & actions ⌄

EIN 87-1511434 Public charity (501(c)(3)) Atlanta, GA

Form 990 (PDF)

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Size

$100K–1M

What they do

Promotes mental well-being by raising awareness, reducing stigma, and providing education and resources.

Leadership

Edrea Edwards · Executive Director

Money in and out

$258K revenue, $217K expenses

Bottom line

49% program efficiency

Where the money goes · FY2024

Total revenue

$258K

Pt VIII · Ln 12

Total expenses

$217K

Pt IX · Ln 25

Net assets

$76K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $41K

Where spending went · Part IX cols B–D

49%

42%

Program services $0.49 Management & general $0.09 Fundraising $0.42

Program efficiency

49%

of spending reaches programs

Operating runway

5.3mo

months of highly liquid reserves at operating expense rate▼ -92% vs prior filing year

Surplus margin

+16%

revenue over expenses, this year▼ -79% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$258K

FY2024▲ +494%

Total revenue

$258K

Pt VIII · Ln 12

Total expenses

$217K

Pt IX · Ln 25

Net assets

$76K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$41K

Total assetsPt X · Ln 16$98K

Program-expense ratioPt IX · col B49%

Voting members of governing bodyPt I · Ln 33

Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CEvece Foundation INC

EINHdr · item D87-1511434

Principal addressHdr · item CAtlanta, GA

WebsiteHdr · item Jwww.evece.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MGA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFArts & Culture (A99)

Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a3

Independent voting membersPt VI · Ln 1b3

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13Yes

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aYes

Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Edrea Edwards

Executive Director

$0Pt VII · Sec A

Christopher Edwards MD

Chairman

$0Pt VII · Sec A

Simone Howard

Secretary

$0Pt VII · Sec A

Sheretha Bell

Chair of Marketing/Communications

$0Pt VII · Sec A

Adam Seidman

Vise Chairman

$0Pt VII · Sec A

Corey Jackson

Chair Community Outreach

$0Pt VII · Sec A

Jan Prisby Bryson

Co Chair Development

$0Pt VII · Sec A

Tracy Reed

Chair Development

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $106K of program spending, described in the organization's own filed words · FY2024.

The EVECE Club is a youth based program focusing on building resilient beings prepared to survive the mental health challenges that life brings.

$106Kprogram expense

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Statement of Revenue

Part VIII

Other revenue$124K · 48%

Contributions & grants$107K · 41%

Program service revenue$28K · 11%

Other revenue48%$124K

Contributions & grants41%$107K

Program service revenue11%$28K

Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

49%

42%

Program services $0.49 Management & general $0.09 Fundraising $0.42

Program services49%$106K

Management & general9%$20K

Fundraising42%$91K

Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year

CashLn 1$97K

Total assetsLn 16$98K

Total liabilitiesLn 26$21K

Total net assetsLn 32$76K

Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $97K · Operating expenses/yr $217K

5.3 months

Where the money goes

Program services

Program services $106K · Total expenses $217K

49%

Management & General

Management & general $20K · Total expenses $217K

Fundraising

Fundraising $91K · Total expenses $217K

42%

Cost to raise $1

Fundraising expense $91K · Solicited contributions $107K

$0.85 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $107K · Total revenue $258K

41%

Government reliance

Government grants — · Total revenue $258K

—

Earned-income share

Program service revenue $28K · Total revenue $258K

11%

Investment reliance

Investment income $0 · Total revenue $258K

Program self-sufficiency

Program service revenue $28K · Total expenses $217K

13%

Growth & trend

Revenue growth (YoY)

This year $258K · Prior year $43K

+494%

Net-asset trend (YoY)

End of year $76K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $258K · Expenses $217K

+16%

Liabilities-to-Assets

Total liabilities — · Total assets $98K

—

Net-asset ratio

Net assets $76K · Total assets $98K

78%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $98K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Edrea Edwards · Reported title Executive Director · Highest reported compensation $0 · Total expenses $217K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $217K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	49%	—	—
Overhead ratio	9%	—	—
Fundraising cost ratio	85%	—	—
Revenue growth	494%	—	—
Legal fee ratio	3%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid

Grants received · FY2024

Lloyd Trotter and Teri Trotter Charitable TrustFY2024$10K

Jpmorgan Chase FoundationFY2024$30

Total grants receivedfrom 2 funders$10K

Grants paid · 2 grants · $105K · 2024–2024

Elon UniversityNC · FY2024$80,000

Woodward Academy INCGA · FY2024$25,000

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$258K revenue · viewing · ⤓ 990 PDF

FY2023$43K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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