Overview
What is Edvestors Inc?
Edvestors Inc, established in 2002, is a proactive organization based in Boston, Massachusetts, with a focus on improving public schools. As a school change catalyst, Edvestors works tirelessly to accelerate substantial improvements in the city's educational system. The nonprofit serves as a bridge between philanthropists and schools, identifying, shaping, and matching donors with promising school improvement initiatives. One of Edvestors' significant achievements is the Boston Public Schools Arts Expansion project, a multi-year collaboration that aims to increase equitable access to quality arts learning experiences for all students in Boston Public Schools (BPS). Through this partnership, over 17,000 more students annually receive arts education, and Edvestors' private investment has leveraged a 5:1 return in increased BPS district budget investment for arts education. In 2019, Edvestors partnered with Bloomberg Philanthropies to launch the Bloomberg Arts Internship in Boston, offering high school students summer internships at the city's leading cultural institutions and organizations. With a team of 21 dedicated individuals, Edvestors continues to contribute positively to the educational landscape of Boston.
Official website here: www.edvestors.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: 99% (Four-Star out of Four Star rating)**
Edvestors Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance, with a perfect score of 100. This rating is significant as it indicates a high level of transparency and effective stewardship of resources, allowing donors to feel confident their contributions are being well-managed. The organization also excels in its governance practices, showcasing an independent board and robust audit procedures.
In addition to its financial strengths, Edvestors Inc has a notable program expense ratio of 82.62%, illustrating its focus on programmatic efforts over administrative costs. The organization’s sustainability is further demonstrated by a solid working capital ratio, indicating good financial health and the ability to sustain its operations effectively. Moreover, its equity strategies score reflects a commitment to implementing practices that promote equity within its community.
There are currently no user reviews available from GreatNonprofits, which limits insights into personal experiences or sentiments regarding the organization's impact. Nonetheless, the available data from Charity Navigator establishes a strong foundation for Edvestors Inc as a trustworthy nonprofit with a focus on accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Edvestors Inc legitimate?
Edvestors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edvestors 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: $357,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,384,768
For more financial information, click here
Official website here: www.edvestors.org
What is the mission statement of Edvestors Inc?
Edvestors Inc is a dynamic organization dedicated to driving substantial improvements in schools, specifically in Boston. Established in 2002, its primary function is to serve as a platform that connects philanthropists with promising school improvement efforts. The organization identifies potential projects, shapes them, and matches donors with these initiatives.
One of its key projects is the Boston Public Schools Arts Expansion, a collaborative effort aimed at expanding equitable access to quality arts learning experiences for all students in Boston Public Schools. This public-private partnership involves a network of partners, including schools, arts institutions, teaching artists, and funders, among others. As a result of this partnership, over 17,000 more students annually receive arts education compared to over a decade ago. Edvestors' investment has also resulted in a 5:1 return, with increased district budget investment for arts education.
In 2019, Edvestors partnered with Bloomberg Philanthropies to bring the Bloomberg Arts Internship to Boston. This initiative provides high school students with summer internships at the city's leading cultural institutions and organizations.
In summary, Edvestors Inc is committed to fostering substantial school improvements by connecting philanthropists with promising projects and leading collaborative efforts, such as the Boston Public Schools Arts Expansion and the Bloomberg Arts Internship.
Official website here: www.edvestors.org
Who is the CEO of Edvestors Inc?
Marinell Rousmaniere is the President & Ceo of Edvestors Inc. The CEO's salary of Edvestors Inc is $181,241 and their total compensation is $231,251.
Official website here: www.edvestors.org
What is the revenue of Edvestors Inc?
Edvestors Inc's revenue in 2023 was $7,126,706.
Official website here: www.edvestors.org
Who are the executives of Edvestors Inc and what are their salaries?
The average compensation at Edvestors Inc during 2023 was $82,988. There are 21 employees and 73 volunteers at Edvestors Inc.
Here are 21 key members and their salaries (Edvestors Inc's CEO's salary is $181,241 and their total compensation is $231,251):
- Compensation: $181,241
- Related: $0
- Other: $50,010
- Compensation: $186,311
- Related: $0
- Other: $25,402
- Compensation: $135,878
- Related: $0
- Other: $35,580
- Compensation: $116,958
- Related: $0
- Other: $30,063
- Compensation: $102,235
- Related: $0
- Other: $13,064
- Compensation: $106,544
- Related: $0
- Other: $4,262
- Compensation: $0
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- Other: $0
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- Other: $0
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Official website here: www.edvestors.org
Where can I find the form 990 for Edvestors Inc?
Edvestors Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edvestors.org
Learn more at the official website: www.edvestors.org
Mission Statement of Edvestors Inc
Edvestors Inc, established in 2002, is a proactive organization dedicated to driving substantial improvements in Boston's public schools. Its primary mission is to serve as a bridge between philanthropists and the city's public schools, identifying promising school improvement initiatives and connecting donors with these efforts.
In line with this mission, Edvestors Inc has spearheaded a significant collaboration aimed at expanding equitable access to quality arts learning experiences for all students in Boston Public Schools (BPS). This public-private partnership involves a vast network of partners, including schools, arts institutions, teaching artists, funders, and more. As a result of this partnership, over 17,000 more students annually receive arts education, marking a notable increase compared to over a decade ago. Edvestors Inc's private investment has also resulted in a 5:1 return, amplifying increased BPS district budget investment for arts education. Furthermore, in 2019, Edvestors Inc partnered with Bloomberg Philanthropies to bring the Bloomberg Arts Internship to Boston, offering high school students summer internships at the city's leading cultural institutions and organizations.
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Impact
July, 2024
Edvestors Inc's impact can be seen through their dynamic work in accelerating substantive improvement in Boston schools. One of their notable initiatives is the Boston Public Schools Arts Expansion, a multi-year collaborative effort aimed at expanding equitable access to quality arts learning experiences for all students in Boston Public Schools. This public-private partnership has resulted in 17,000 more students annually receiving arts education compared to more than a decade ago. Additionally, their private investment has leveraged a 5:1 return of increased BPS district budget investment for arts education. Edvestors serves as the lead implementation partner for BPS Arts Expansion and has also 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. Through their work, Edvestors is making a significant impact on enhancing arts education and opportunities for students in Boston.
This information is meant to be a general summary of Edvestors 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 2023.
- Investment Income: $85,585
- Gross Receipts: $7,126,706
Assets and Liabilities:
- Total Assets: $10,853,706
- Total Liabilities: $2,750,927
- Net Assets: $8,102,779
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Organization Details
Founding Year
2005
Phone
(617) 585-5740Principal Officer
Marinell Rousmaniere
Main Address
142 BERKELEY STREET 410, BOSTON, MA, 02116
Website
www.edvestors.orgNTEE Category
Code: B12 - Education
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