Edward P Evans
- Assets
- $242.2m
- Revenue
- $13.9m
- Investments
- $241.9m
- Employees
- 0
- Location
- Andover, MA
- Founding
- 07/2018
- Data as of
- 11/2021
- EIN
- 25-6232129
Organization Overview
Edward P Evans is located in Andover, MA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward P Evans is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Edward P Evans generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $27.1m during the year ending 11/2021. While expenses have increased by 17.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward P Evans has awarded 68 individual grants totaling $28,503,885. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lewis President | 50 | $385,360 | |
Barbara Bierer Trustee | 12 | $200,000 | |
Robert Evans Trustee | 5 | $175,000 | |
William S Farish IV Trustee | 8 | $175,000 | |
James Tullis Trustee | 5 | $175,000 | |
Benjamin Polak Trustee | 5 | $118,639 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,311,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,997,979 |
| Capital Gain Net Income | $9,556,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$543,003 |
| Total Revenue | $13,916,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,377,611 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $99,751 |
| Interest | $399,899 |
| Taxes | $151,235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $70,536 |
| Printing and publications | $0 |
| Other expenses | $4,779,253 |
| Total operating and administrative expenses | $6,993,478 |
| Contributions, gifts, grants paid | $20,141,619 |
| Total expenses and disbursements | $27,135,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,552 |
| Savings and temporary cash investments | $9 |
| Net Accounts receivable | $64 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $241,851,570 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $242,161,195 |
| Accounts payable and accrued expenses | $11,929 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,929 |
Grants Awarded
Over the last fiscal year, Edward P Evans has awarded $20,141,619 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
DANA-FARBER CANCER INSTITUTE INC PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $3,075,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $3,075,000 |
WASHINGTON UNIVERSITY PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $3,050,000 |
COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $2,675,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $975,000 |
Bronx, NY PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edward P Evans has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Runx1 Foundation Santa Barbara, CA PURPOSE: Research in partnership w EP Evans Fdn | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |