Overview
What is Inversant Inc?
Inversant Inc is a nonprofit organization based in Lynn, Massachusetts, dedicated to inspiring low-income families to pursue higher education for their children. Believing in the attainability of higher education for all, regardless of income, Inversant Inc emphasizes the importance of family engagement in a student's educational success. By collaborating with community partners, the organization offers knowledge, resources, connections, and financial incentives to empower parents in supporting their children's higher education aspirations. Inversant Inc addresses this mission through two main strategies: providing college access training to low-income families with incentives to attend workshops and save for higher education, and advocating for systemic changes in the public scholarship structure to motivate parental engagement and investment in their children's educational achievements. Inversant Inc sees both approaches as instrumental in reforming education towards greater inclusion. The organization necessitates family investment and participation in return for college access knowledge, financial literacy, advocacy skills, and tuition seed money.
Official website here: www.inversant.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Inversant Inc has received a rating of two stars from Charity Navigator, indicating a need for improvement with an overall score of 65%. The organization demonstrates accountability and transparency in various areas, such as having a fully independent board and no material diversion of assets. Policies like conflict of interest, whistleblower protections, and document retention are well established, contributing positively to its governance.
However, the organization faces significant challenges, particularly in its financial health, with a concerning liabilities to assets ratio of 94.17%. This raises flags about its sustainability and ability to meet long-term obligations. Furthermore, while the program expense ratio is somewhat acceptable at 56.48%, it indicates that a considerable portion of expenses may not be directly benefiting its programs.
Additionally, Inversant Inc has failed to post its tax form on its website, which detracts from its overall transparency. Addressing these issues could enhance its rating and build greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Inversant Inc legitimate?
Inversant Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inversant Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $13,750
Other Salaries and Wages: $187,812
For more financial information, click here
Official website here: www.inversant.org/
What is the mission statement of Inversant Inc?
Inversant Inc's mission is centered around ensuring that low-to-moderate income families have the necessary resources and understanding to achieve their goals in higher education for their children. As a non-profit organization, Inversant motivates these families to pursue higher education, believing in its attainability regardless of income. Family engagement is considered crucial to students' educational achievement. Inversant collaborates with community partners to provide knowledge, resources, connections, and financial incentives, empowering parents to propel their children into higher education. The organization aims to bring under-served parents into the equation, teaching them what they need to know to support their children's higher education aspirations. Inversant approaches its work along two tracks: providing college access training to low-income families and working towards a systemic change in the public scholarship structure to motivate parental engagement and investment in their children's educational achievement. The organization sees both tracks as instruments to reform education towards greater inclusion.
Official website here: www.inversant.org/
Who is the CEO of Inversant Inc?
Peter Barros is the Chair of Inversant Inc.
Official website here: www.inversant.org/
What is the revenue of Inversant Inc?
Inversant Inc's revenue in 2022 was $499,150.
Official website here: www.inversant.org/
Who are the executives of Inversant Inc and what are their salaries?
The average compensation at Inversant Inc during 2022 was $23,476. There are 8 employees and 40 volunteers at Inversant Inc.
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Official website here: www.inversant.org/
Where can I find the form 990 for Inversant Inc?
Inversant Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inversant.org/
Learn more at the official website: www.inversant.org/
Mission Statement of Inversant Inc
Inversant Inc, a nonprofit organization, is dedicated to ensuring that every low-to-moderate income family has the resources and understanding necessary to achieve their goals for higher education. The mission of Inversant Inc is to engage and motivate these families, believing that higher education is attainable for all, regardless of income. The organization achieves this by partnering with the community, providing knowledge, resources, connections, and financial incentives to empower parents to propel their children into higher education.
Inversant Inc approaches its work along two tracks. Firstly, the organization offers college access training to low-income families, providing financial and other incentives for attendance and savings towards higher education. Secondly, Inversant Inc works towards systemic change in the public scholarship structure, aiming to motivate parents to engage with their children's education and invest their own time and effort towards educational achievement. Both tracks serve as instruments to reform education towards greater inclusion, as seen by Inversant Inc.
The organization requires families to invest their own savings and participation, in return for which Inversant Inc provides college access knowledge, financial literacy, advocacy skills, and tuition seed money. By engaging families in their children's educational journey, Inversant Inc aims to create a more inclusive and equitable education system, ensuring that every child has the opportunity to pursue higher education, regardless of their family's income.
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Impact
July, 2024
Inversant Inc's impact lies in empowering low-to-moderate income families to actively engage in their children's higher education journey. By providing knowledge, resources, connections, and financial incentives, the organization equips parents with the tools needed to support their children's educational aspirations. This approach not only benefits individual families but also contributes to systemic change by reforming education towards greater inclusion. Through its two-pronged strategy of offering college access training and advocating for changes in public scholarship structures, Inversant Inc is driving a positive shift in how families from underserved backgrounds approach higher education. The organization's emphasis on familial investment and participation underscores its commitment to fostering a culture of educational achievement and ensuring that all families have the opportunity to pursue higher education.
This information is meant to be a general summary of Inversant Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Gross Receipts: $499,150
Assets and Liabilities:
- Total Assets: $837,041
- Total Liabilities: $788,272
- Net Assets: $48,769
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Organization Details
Founding Year
2009
Phone
(617) 423-0331Principal Officer
Peter Barros
Main Address
120 MUNROE STREET, LYNN, MA, 01901
Website
www.inversant.org/NTEE Category
Code: O50 - Youth development
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