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 06/2022, Edvestors Inc employed 24 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 06/2022, Edvestors Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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 490 individual grants totaling $7,698,563. 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
2022
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.
EDVESTORS' MATHEMATICS PROGRAM (ALSO KNOWN AS ZEROING IN ON MATH) HASA GOAL OF IMPROVING THE MATHEMATICS EDUCATIONAL EXPERIENCES ANDOUTCOMES OF STUDENTS IN BOSTON PUBLIC SCHOOLS, WITH A SPECIFIC AIM OFADVANCING 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, THIS PROGRAM AT EDVESTORS HAS WORKED WITH MORE THAN 20 BOSTON SCHOOLS AND OVER 160 TEACHERS. 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 HAVING A SYSTEM-LEVEL IMPACT DRIVEN BY THE CONNECTEDNESS OF OUR SCHOOL-BASED WORK, DISTRICT-LEVEL PARTNERSHIPS, AND EXTERNAL COLLABORATIONS.
CAREER PATHWAYS - AIMS TO ENSURE ALL STUDENTS CAN ACCESS HIGH QUALITY CAREER LEARNING AND PATHWAYS EXPERIENCES IN BOSTON'S PUBLIC HIGH SCHOOLS THAT EQUIP STUDENTS WITH THE ACADEMIC, TECHNICAL, AND SOCIAL FLUENCY TO THRIVE IN HIGH SCHOOL AND BEYOND. 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 PROGRAM THAT WILL STRENGTHEN CAREER AND COLLEGE PREPARATIONS IN BOSTON'S PUBLIC SCHOOLS.
OTHER PROGRAM SERVICES INCLUDES THE SCHOOL ON THE MOVE PRIZE, SCHOOL SOLUTIONS 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 SMALL INVESTMENTS IN UP TO 15 PROJECTS 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anuradha Desai Senior Vp, External Affair | 40 | $190,216 | |
Marinell Rousmaniere President & CEO | Officer | 40 | $184,962 |
Ruth Mercado-Zizzo VP Programs & Equity | 40 | $116,077 | |
Francisco Marriott Dir., Finance & Ops. | Officer | 40 | $76,731 |
Katherine S Mchugh Clerk | OfficerTrustee | 1 | $0 |
David Simon Treasurer | OfficerTrustee | 1 | $0 |
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 | $6,181,746 |
Noncash contributions included in lines 1a–1f | $8,500 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,181,746 |
Total Program Service Revenue | $0 |
Investment income | $5,641 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$39,796 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,626,116 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $940,063 |
Grants and other assistance to domestic individuals. | $17,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $329,371 |
Compensation of current officers, directors, key employees. | $161,728 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,190,884 |
Pension plan accruals and contributions | $22,480 |
Other employee benefits | $106,880 |
Payroll taxes | $104,956 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $103,688 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $400,156 |
Advertising and promotion | $0 |
Office expenses | $21,528 |
Information technology | $14,501 |
Royalties | $0 |
Occupancy | $149,513 |
Travel | $4,276 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $87,767 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,967 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,802,725 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,184,989 |
Savings and temporary cash investments | $1,914,820 |
Pledges and grants receivable | $1,337,950 |
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 | $100,151 |
Net Land, buildings, and equipment | $9,812 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,547,722 |
Accounts payable and accrued expenses | $291,863 |
Grants payable | $357,100 |
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 | $0 |
Total liabilities | $648,963 |
Net assets without donor restrictions | $2,438,389 |
Net assets with donor restrictions | $4,460,370 |
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 | $7,547,722 |
Over the last fiscal year, Edvestors Inc has awarded $900,737 in support to 69 organizations.
Grant Recipient | Amount |
---|---|
BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION PURPOSE: BEDF #4601119888; OTIS ELEM. SOM 2021 WINNER | $80,000 |
BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION PURPOSE: BEDF #29510; PJ KENNEDY SOM 2021 FINALIST | $30,000 |
Boston, MA PURPOSE: NEW MISSION HS SOM 2021 FINALIST | $30,000 |
Boston, MA PURPOSE: COMPANY ONE - BATA, BURKE, BCLA | $29,000 |
Jamaica Plain, MA PURPOSE: R14 SY22-23; ELIOT SCHOOL - ELLISON PARKS, ENGLISH HIGH, GREATER EGLESTON, HAYNES | $28,000 |
New York, NY PURPOSE: R14 SY22-23; I LEARN AMERICA - BINCA HORACE MANN, MARGARITA MUNIZ, UMANA | $26,000 |
Over the last fiscal year, we have identified 29 grants that Edvestors Inc has recieved totaling $2,802,170.
Awarding Organization | Amount |
---|---|
Klarman Family Foundation Boston, MA PURPOSE: GOOD PHILANTHROPIC CITIZEN AND COMMUNITY GRANTS: UNRESTRICTED OPERATING SUPPORT AND BPS ARTS EXPANSION FOR FISCAL YEARS 2022 AND 2023 | $700,000 |
Klarman Family Foundation Boston, MA PURPOSE: GOOD PHILANTHROPIC CITIZEN AND COMMUNITY GRANTS: UNRESTRICTED OPERATING SUPPORT AND BPS ARTS EXPANSION FOR FISCAL YEARS 2022 AND 2023 | $650,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO SUPPORT ART INTERNSHIP PROGRAM IN MA | $490,000 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT THE NEXT PHASE OF BOSTON PUBLIC SCHOOL ARTS EXPANSION INITIATIVE | $175,000 |
Charlotte Foundation Boston, MA PURPOSE: OPERATIONS BUDGET ASSISTANCE | $100,000 |
Parker Farmily Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $90,000 |
Organization Name | Assets | Revenue |
---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |