Edvestors Inc is located in Boston, MA. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2024, Edvestors Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edvestors 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 06/2024, Edvestors Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.0m during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 9 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 2015, Edvestors Inc has awarded 550 individual grants totaling $8,368,369. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDVESTORS IS A DYNAMIC SCHOOL CHANGE ORGANIZATION FOCUSED ON ACCELERATING SUBSTANTIVE IMPROVEMENT IN BOSTON SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON PUBLIC SCHOOLS ARTS EXPANSION - A MULTI-YEAR COLLABORATIVE EFFORT TO EXPAND EQUITABLE ACCESS TO QUALITY ARTS LEARNING EXPERIENCES FOR ALL STUDENTS IN BOSTON PUBLIC SCHOOLS (BPS). (CONTINUED ON SCHEDULE O) THIS PUBLIC-PRIVATE PARTNERSHIP INVOLVES A LARGE AND COORDINATED NETWORK OF PARTNERS, INCLUDING SCHOOLS, ARTS INSTITUTIONS, TEACHING ARTISTS, AND FUNDERS, AMONG OTHERS. AS A RESULT OF THIS PUBLIC-PRIVATE PARTNERSHIP, 17,000 MORE STUDENTS ANNUALLY RECEIVE ARTS EDUCATION AS COMPARED WITH MORE THAN A DECADE AGO AND OUR PRIVATE INVESTMENT HAS LEVERAGED A 5:1 RETURN OF INCREASED BPS DISTRICT BUDGET INVESTMENT FOR ARTS EDUCATION. EDVESTORS IS THE LEAD IMPLEMENTATION PARTNER FOR BPS ARTS EXPANSION. IN 2019, EDVESTORS PARTNERED WITH BLOOMBERG PHILANTHROPIES TO BRING THE BLOOMBERG ARTS INTERNSHIP TO BOSTON, PROVIDING HIGH SCHOOL STUDENTS WITH SUMMER INTERNSHIPS AT THE CITY'S FOREMOST CULTURAL INSTITUTIONS AND ORGANIZATIONS.
OTHER PROGRAM SERVICES INCLUDE THE SCHOOL ON THE MOVE PRIZE, RACIAL EQUITY SEED FUND, AND OTHER PROGRAMMATIC EXPENSES. THE SCHOOL ON THE MOVE PRIZE IS BOSTON'S PREMIER AWARD FOR BOSTON PUBLIC SCHOOLS. THE ANNUAL PRIZE INCLUDES A MONETARY AWARD TO ONE OF BPS' MOST RAPIDLY IMPROVING SCHOOLS, WITH SMALLER GRANTS TO THE TWO FINALISTS. THE PRIZE ALSO COMES WITH PUBLIC RECOGNITION AND THE OPPORTUNITY FOR THE WINNING SCHOOL TO DOCUMENT AND SHARE THEIR SUCCESSFUL IMPROVEMENT STRATEGIES TO INFORM THE WORK OF EDUCATORS. THROUGH THE RACIAL EQUITY SEED FUND, EDVESTORS MAKES INVESTMENTS IN A COHORT OF SCHOOLS EACH YEAR TO PROVIDE SCHOOLS WITH THE OPPORTUNITY TO CREATE AN ACTION-BASED LEARNING COMMUNITY THAT IMPLEMENTS, TESTS, AND SCALES SOLUTIONS TO ADVANCE RACIAL EQUITY. INVESTING IN ON-THE-GROUND SOLUTIONS, IN PARTNERSHIP WITH OUR FUNDERS, IS AN ESSENTIAL PART OF EDVESTORS' APPROACH TO STRATEGIC PHILANTHROPY.
EDVESTORS' MATHEMATICS PROGRAM (ALSO KNOWN AS ZEROING IN ON MATH) HAS A GOAL OF IMPROVING THE MATHEMATICS EDUCATIONAL EXPERIENCES AND OUTCOMES OF STUDENTS IN BOSTON PUBLIC SCHOOLS, WITH A SPECIFIC AIM OF ADVANCING EQUITY IN MATHEMATICS. (CONTINUED ON SCHEDULE O)THROUGH THIS WORK, TEACHERS, STUDENTS, AND ADMINISTRATORS ARE ENGAGED TO ADVANCE TEACHING, LEARNING, AND CURRICULAR IMPROVEMENTS. OVER THE YEARS, RESULTS HAVE SHOWN THAT STUDENTS HAVE BENEFITED WITH INCREASED ASSESSMENT OUTCOMES AND TEACHERS HAVE REPORTED GREATER COMPETENCIES IN TEACHING MATHEMATICS. MOVING FORWARD, EDVESTORS WILL BUILD ON THESE ACCOMPLISHMENTS WHILE WORKING TOWARD SYSTEM-LEVEL IMPACT DRIVEN BY THE CONNECTEDNESS OF OUR SCHOOL-BASED WORK, DISTRICT-LEVEL PARTNERSHIPS, AND EXTERNAL COLLABORATIONS.
CAREER PATHWAYS - AIMS TO INCREASE THE NUMBER OF BOSTON STUDENTS WHO PROGRESS THROUGH CAREER PATHWAYS THAT ARE ENGAGING AND RELEVANT, ADDRESS COMMUNITY NEEDS, AND PREPARE YOUNG PEOPLE TO ENTER MEANINGFUL CAREERS. THROUGH THE CAREER PATHWAYS INITIATIVE, EDVESTORS HELPS HIGH SCHOOLS AND THE DISTRICT TO PLAN AND PROVIDE QUALITY CAREER EDUCATION EXPERIENCES FOR MORE BOSTON STUDENTS, ENABLING THEM TO DEVELOP THE SKILLS NEEDED TO IDENTIFY, NAVIGATE TOWARDS, AND REALIZE THEIR COLLEGE AND CAREER READINESS GOALS. IN 2020, EDVESTORS PARTNERED WITH JPMORGAN CHASE ON A FIVE-YEAR, CROSS-SECTOR EFFORT TO IMPROVE SYSTEMS AND ELIMINATE STRUCTURAL BARRIERS TO MAKE QUALITY CAREER PATHWAYS ACCESSIBLE TO MORE STUDENTS IN BOSTON.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Myran Parker-Brass Board Chair | OfficerTrustee | 1 | $0 |
Jennifer Larson-Joyce Vice Chair | OfficerTrustee | 1 | $0 |
Katherine S Mchugh Clerk | OfficerTrustee | 1 | $0 |
David Simon Treasurer | OfficerTrustee | 1 | $0 |
Katherine Gross Board Member | OfficerTrustee | 1 | $0 |
Faith Parker Board Member | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $106,750 |
All other contributions, gifts, grants, and similar amounts not included above | $4,333,096 |
Noncash contributions included in lines 1a–1f | $18,969 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,439,846 |
Total Program Service Revenue | $0 |
Investment income | $196,732 |
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 | $4,636,578 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $872,680 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $362,558 |
Compensation of current officers, directors, key employees. | $160,464 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,534,140 |
Pension plan accruals and contributions | $55,886 |
Other employee benefits | $90,189 |
Payroll taxes | $129,183 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,486 |
Fees for services: Accounting | $110,025 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $441,248 |
Advertising and promotion | $0 |
Office expenses | $37,437 |
Information technology | $15,741 |
Royalties | $0 |
Occupancy | $204,646 |
Travel | $25,032 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $173,350 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,331 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $6,042,236 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,561,401 |
Savings and temporary cash investments | $2,549,143 |
Pledges and grants receivable | $2,545,099 |
Accounts receivable, net | $0 |
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 | $72,302 |
Net Land, buildings, and equipment | $24,342 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,320,988 |
Total assets | $9,073,275 |
Accounts payable and accrued expenses | $308,961 |
Grants payable | $695,780 |
Deferred revenue | $0 |
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 | $1,371,413 |
Total liabilities | $2,376,154 |
Net assets without donor restrictions | $1,375,434 |
Net assets with donor restrictions | $5,321,687 |
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 | $9,073,275 |
Over the last fiscal year, Edvestors Inc has awarded $809,880 in support to 67 organizations.
Grant Recipient | Amount |
---|---|
BOSTON EDUCATION FUND PURPOSE: SOM PRIZE WINNER - EAST BOSTON HIGH SCHOOL | $80,000 |
ELIOT SCHOOL OF FINE AND APPLIED ARTS PURPOSE: R16 1-YEAR: ELIOT - ENGLISH, GREW, EGLESTON, HAYNES, ELISON, BURKE | $46,000 |
APPRENTICE LEARNING PURPOSE: GATES SOCIAL CAPITAL INITIATIVE | $30,000 |
OPEN DOOR ARTS PURPOSE: R15 2ND YEAR: OPEN DOOR ARTS - ELLISON PARKS, BGA, CASH | $26,400 |
ACTORS' SHAKESPEARE PROJECT PURPOSE: R16 1-YEAR: ASP - BINCA, ENGLISH, BRIGHTON, BDEA | $22,900 |
BOSTON GREEN ACADEMY FOUNDATION PURPOSE: SOM PRIZE FINALIST - BOSTON GREEN ACADEMY | $20,000 |