Edify
- Assets
- $7.7m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 34
- Location
- San Diego, CA
- Founding
- 10/2009
- Data as of
- 09/2023
- EIN
- 27-0892545
Organization Overview
Edify is located in San Diego, CA. The organization was established in 2009. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2023, Edify employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edify 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 09/2023, Edify generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $12.7m during the year ending 09/2023. While expenses have increased by 12.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING JESUS CHRIST TO CHILDREN THROUGH BETTER ACADEMIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDIFY COMES ALONGSIDE ENTREPRENEURS WHO OFFER QUALITY CHRIST-CENTERED EDUCATION TO CHILDREN IN THEIR UNDERSERVED COMMUNITIES. WE PARTNER WITH THEM USING THREE KEY RESOURCES TO HELP IMPROVE AND EXPAND THEIR SCHOOLS: 1.TRAINING TO EQUIP SCHOOL LEADERS AND TEACHERS TO DEVELOP SUSTAINABLE CHRIST-CENTERED SCHOOLS. 2.LOAN CAPITAL TO IMPROVE AND EXPAND SCHOOL FACILITIES. 3.EDUCATION TECHNOLOGY TO ENHANCE LEARNING OUTCOMES AND EMPLOYABILITY. PERSONS SERVED IN FISCAL YEAR 2023 - 6,508,842 COMPRISED OF 6,468,384 CHILDREN, 27,577 LEADERS AND 12,881 TEACHERS SCHOOLS SERVED IN FISCAL YEAR 2023 - 25,943 IN 14 DEVELOPING WORLD COUNTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 50 | $150,000 |
Name Not Listed Board Member | Trustee | 20 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Audit Committee Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ken Appenteng-mensah Strategy And Oversight For Africa Programs | 9/29/23 | $100,372 |
Myles Harrison Stategy And Oversight For All Operations | 9/29/23 | $137,902 |
Makonen Getu Strategy And Oversight Of Global Christian Transformation Programs | 9/29/23 | $115,021 |
Bettina Gomez Garcia Strategy And Oversight For Latin America Programs And Expansion | 9/29/23 | $106,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,869,684 |
| Noncash contributions included in lines 1a–1f | $28,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,869,684 |
| Total Program Service Revenue | $47,973 |
| Investment income | $98,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,023,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,825,842 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $415,558 |
| Compensation of current officers, directors, key employees. | $174,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,921,930 |
| Pension plan accruals and contributions | $45,557 |
| Other employee benefits | $516,549 |
| Payroll taxes | $249,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,053 |
| Fees for services: Accounting | $52,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,587,785 |
| Advertising and promotion | $9,051 |
| Office expenses | $452,350 |
| Information technology | $458,674 |
| Royalties | $0 |
| Occupancy | $104,785 |
| Travel | $1,483,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,110 |
| Insurance | $43,655 |
| All other expenses | $132,952 |
| Total functional expenses | $12,721,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,870,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $359,660 |
| Net Land, buildings, and equipment | $84,687 |
| Investments—publicly traded securities | $5,271,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,957 |
| Total assets | $7,701,594 |
| Accounts payable and accrued expenses | $377,165 |
| Grants payable | $0 |
| Deferred revenue | $6,650 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,422 |
| Total liabilities | $410,237 |
| Net assets without donor restrictions | $6,759,275 |
| Net assets with donor restrictions | $532,082 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,701,594 |