Inversant Inc

Organization Overview

Inversant Inc is located in Lynn, MA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Inversant Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inversant Inc 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 12/2022, Inversant Inc generated $499.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Inversant Inc has awarded 37 individual grants totaling $672,796. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INVERSANT'S MISSION IS TO ENSURE THAT THROUGH PARENTAL ENGAGEMENT EVERY LOW-TO-MODERATE INCOME FAMILY HAS THE RESOURCES AND UNDERSTANDING THEY NEED TO ACHIEVE THEIR GOALS FOR HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INVERSANT IS A NONPROFIT ORGANIZATION FOUNDED TO MOTIVATE LOW-INCOME FAMILIES TO SEEK HIGHER EDUCATION FOR THEIR CHILDREN.THE ORGANIZATION BELIEVES THAT HIGHER EDUCATION IS ATTAINABLE FOR ALL, REGARDLESS OF INCOME, AND THAT FAMILY ENGAGEMENT IS CRUCIAL TO STUDENTS' EDUCATIONAL ACHIEVEMENT. WORKING WITH COMMUNITY PARTNERS, THE ORGANIZATION PROVIDES KNOWLEDGE, RESOURCES, CONNECTIONS, AND FINANCIAL INCENTIVES THAT EMPOWER PARENTS TO PROPEL THEIR CHILDREN INTO HIGHER EDUCATION. THE ORGANIZATION'S OBJECTIVE IS TO BRING UNDERSERVED PARENTS INTO THE EQUATION, TEACHING THEM WHAT THEY NEED TO KNOW SO THEY CAN SUPPORT THEIR CHILDREN'S HIGHER EDUCATION AMBITIONS.THE ORGANIZATION APPROACHES ITS WORK ALONG TWO TRACKS. FIRST, THE ORGANIZATION PRESENTS COLLEGE ACCESS TRAINING TO LOW-INCOME FAMILIES, OFFERING THEM FINANCIAL AND OTHER INCENTIVES TO ATTEND THE WORKSHOPS AND TO SAVE TOWARD HIGHER EDUCATION. SECOND, THE ORGANIZATION WORKS TOWARD A SYSTEMIC CHANGE IN THE PUBLIC SCHOLARSHIP STRUCTURE SO THAT IT IS USED TO MOTIVATE PARENTS TO ENGAGE WITH THEIR CHILDREN'S EDUCATION AND ENCOURAGE THEM TO INVEST THEIR OWN TIME AND EFFORT TOWARD EDUCATIONAL ACHIEVEMENT. THE ORGANIZATION SEES BOTH TRACKS AS INSTRUMENTS TO REFORM EDUCATION TOWARD GREATER INCLUSION. THE ORGANIZATION REQUIRES FAMILIES TO INVEST THEIR OWN SAVINGS AND PARTICIPATION, IN RETURN FOR WHICH THE ORGANIZATION PROVIDES COLLEGE ACCESS KNOWLEDGE, FINANCIAL LITERACY, ADVOCACY SKILLS, AND TUITION SEED MONEY.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Desmond
Chair
$0
Jay Ash
Director
$0
Dean Atkins
Director
$0
Robert Cashman
Director
$0
Sally Currier
Secretary
$0
Benjamin Hildreth
Treasurer
$0

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$485,107
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$485,107
Total Program Service Revenue$0
Investment income $10
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 $499,150

Grants Awarded

Over the last fiscal year, Inversant Inc has awarded $207,192 in support to 8 organizations.

Grant RecipientAmount

SALEM PUBLIC SCHOOLS

PURPOSE: TO FUND PARTNER PROGRAM

$36,405

KIPP ACADEMY LYNN COLLEGIATE HIGH SCHOOL

PURPOSE: TO FUND PARTNER PROGRAM

$5,545

BOYS AND GIRLS CLUB OF BOSTON

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

BOYS AND GIRLS CLUB OF BOSTON

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

LA VIDA INC

PURPOSE: TO FUND PARTNER PROGRAM

$11,000

SALEM PUBLIC SCHOOLS

PURPOSE: TO FUND PARTNER PROGRAM

$36,405
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