Overview
What is Ednovate Inc?
Ednovate Inc, located in Los Angeles, California, is a nonprofit organization that runs six high-quality California public charter high schools. Approximately 2,300 students were served in the 2021-22 fiscal year, and the organization operated for 178 instructional days. The mission of Ednovate is to empower its students to attain college degrees and successful careers, aiming for 100% college acceptance and a 90% persistence rate after their freshman year. Ednovate's team consists of 297 employees dedicated to helping students make a positive, multi-generational impact.
Official website here: www.ednovate.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Ednovate Inc has received an overall score of 86% from Charity Navigator, achieving a Three-Star rating, which indicates a solid commitment to accountability and financial health. The organization has demonstrated exemplary governance practices, with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, it has strong audit and oversight practices, as evidenced by the high scores in financial statement management and the absence of any material diversion of assets.
The nonprofit's program expense ratio stands at 86.38%, suggesting that a significant portion of its expenditures directly supports its programs rather than administrative costs. This is a positive indicator of its effectiveness in fulfilling its mission. Furthermore, the organization has established comprehensive policies, including conflict of interest and whistleblower protections, which enhance its operational integrity.
However, the organization has a liabilities to assets ratio of 68.45%, which could raise concerns about its financial stability in the long term. While this is a valid consideration, the overall financial management practices and commitment to transparency help mitigate potential risks associated with this ratio. Overall, Ednovate Inc appears to maintain strong financial stewardship and governance, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ednovate Inc?
100% of reviewers on Facebook recommend Ednovate Inc. Here is a summary of their reviews:
Parents express immense satisfaction with the positive impact Ednovate has had on their children. One review highlights a significant transformation in a student's discipline and focus, which aligns with the nonprofit's mission to prepare students for college and entrepreneurship. The hands-on approach of the staff is frequently commended, showcasing their dedication to student progress and school engagement.
Overall, the sentiment around Ednovate Inc is overwhelmingly positive, with parents feeling confident and pleased about their children's education and development in this supportive environment.
This AI summary has been generated from reviews found on Facebook.
Is Ednovate Inc legitimate?
Ednovate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ednovate 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: $945,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,010,205
For more financial information, click here
Official website here: www.ednovate.org/
What is the mission statement of Ednovate Inc?
Ednovate Inc is dedicated to helping its students achieve academic success and make a positive impact beyond their college degrees. The organization's primary mission is to ensure that 100% of its students are accepted into four-year universities, with a persistence rate of 90% after their freshman year. Ednovate serves approximately 2,300 students and provides instruction for 178 days in a year. By focusing on higher education and long-term career goals, Ednovate aims to bring about multi-generational change.
Official website here: www.ednovate.org/
Who is the CEO of Ednovate Inc?
Kyle Goss is the Chief Executive Officer of Ednovate Inc. The CEO's salary of Ednovate Inc is $278,611 and their total compensation is $292,923.
Official website here: www.ednovate.org/
What is the revenue of Ednovate Inc?
Ednovate Inc's revenue in 2022 was $50,209,560.
Official website here: www.ednovate.org/
Who are the executives of Ednovate Inc and what are their salaries?
The average compensation at Ednovate Inc during 2022 was $57,089. There are 297 employees and 7 volunteers at Ednovate Inc.
Here are 17 key members and their salaries (Ednovate Inc's CEO's salary is $278,611 and their total compensation is $292,923):
- Compensation: $278,611
- Related: $0
- Other: $14,312
- Compensation: $203,419
- Related: $0
- Other: $15,622
- Compensation: $189,719
- Related: $0
- Other: $9,312
- Compensation: $180,395
- Related: $0
- Other: $18,248
- Compensation: $149,594
- Related: $0
- Other: $15,442
- Compensation: $146,234
- Related: $0
- Other: $9,594
- Compensation: $136,985
- Related: $0
- Other: $12,469
- Compensation: $133,846
- Related: $0
- Other: $11,702
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $185,181
- Related: $0
- Other: $12,481
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ednovate.org/
Where can I find the form 990 for Ednovate Inc?
Ednovate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ednovate.org/
Learn more at the official website: www.ednovate.org/
Mission Statement of Ednovate Inc
Ednovate Inc, a renowned educational institution, is dedicated to fostering the success of its students beyond their college degrees. The organization's ultimate goal is to inspire its students to create a positive impact on future generations. Ednovate aspires to witness 100% of its students being admitted into a four-year university, with a persistence rate of 90% after their freshman year.
Ednovate Inc's mission is driven by a commitment to equipping its students with the necessary tools to not only excel academically but also make a difference in the world. The organization's unwavering belief in the transformative power of education is reflected in its ambitious objectives. By focusing on students' higher education and subsequent careers, Ednovate aims to foster a cycle of improvement that reaches beyond an individual's lifetime.
Approximately 2300 students benefited from Ednovate Inc's high-quality educational programs during the 2021-22 fiscal year, as the institution served 178 instructional days. With a strong foundation in education, Ednovate is poised to help its students make a significant, multi-generational change.
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Impact
October, 2024
Ednovate Inc operates six high-quality public charter high schools in Los Angeles, serving approximately 2,300 students during the 2021-22 fiscal year. Their mission is centered on empowering students to leverage their college degrees and careers to foster positive, multi-generational change. With a goal of ensuring that 100% of their students are accepted into a four-year university, Ednovate also aims for a 90% persistence rate for students after their freshman year of college. This commitment to education not only prepares students for academic success but also positions them to contribute meaningfully to their communities and create lasting impact across generations. By focusing on college readiness and support, Ednovate is shaping a brighter future for its students and the wider community.
This information is meant to be a general summary of Ednovate 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: $45,652
- Gross Receipts: $50,209,560
Assets and Liabilities:
- Total Assets: $39,618,009
- Total Liabilities: $14,795,046
- Net Assets: $24,822,963
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Organization Details
Founding Year
2011
Phone
(213) 454-0599Principal Officer
Kyle Goss
Main Address
350 S FIGUEROA STREET 250, LOS ANGELES, CA, 90071
Website
www.ednovate.org/NTEE Category
Code: B20 - Education
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