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Education : Education Policy and Reform

EdVestors

Driving Change in Urban Schools

three stars

84.19

140 Clarendon Street Boston, MA 02116
tel: (617) 585-5740   Web Site
EIN: 76-0794873

Board Leadership
Wendell Knox
Chair

CEO
Marinell Rousmaniere
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 84.19 three stars
  Financial 77.65 two stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.

EdVestors' mission is to increase the number of schools in Boston delivering dramatically improved educational outcomes for all students. EdVestors is a school improvement organization that combines strategic philanthropy, education expertise, and implementation support to help schools create the conditions for school change. Since starting in 2002, EdVestors has raised and invested $29 million in school improvement efforts and today coordinates major public-private partnerships to drive improved outcomes for more students in Boston. We work at the classroom, school, and system levels to accelerate improvement in Boston's schools. EdVestors works in three ways: We are a seed funder for solution-seekers' best ideas in Boston's schools. We develop, demonstrate, and share best practices for school improvement. We work at scale to achieve city-wide student impact, coordinating major public-private partnerships in targeted issue areas at the core of school improvement.

EdVestors' mission is to increase the number of schools in Boston delivering dramatically improved educational outcomes for all students. EdVestors is a school improvement organization that combines strategic philanthropy, education expertise, and implementation support to help schools create the conditions for school change. Since starting in 2002, EdVestors has raised and invested $29 million in school improvement efforts and today coordinates major public-private partnerships to drive improved outcomes for more students in Boston. We work at the classroom, school, and system levels to accelerate improvement in Boston's schools. EdVestors works in three ways: We are a seed funder for solution-seekers' best ideas in Boston's schools. We develop, demonstrate, and share best practices for school improvement. We work at scale to achieve city-wide student impact, coordinating major public-private partnerships in targeted issue areas at the core of school improvement.

Impact Information

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This impact information is current as of October 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

two stars

77.65

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.8%
  Administrative Expenses 8.9%
  Fundraising Expenses 14.1%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) 0.99
  Program Expenses Growth -6.2%
  Liabilities to Assets 11.2%
All data for Financial Performance Metrics calculations was provided by EdVestors on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by EdVestors on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
EdVestors (MA) 84.19 three stars
The Southern Education Foundation (GA) 91.90 four stars
Collaborative for Academic, Social, and Emotional Learning (IL) 90.09 four stars
The NEA Foundation (DC) 90.22 four stars
Center for Inspired Teaching (DC) 90.58 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,445,792
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,445,792
   Program Service Revenue $0
Total Primary Revenue $3,445,792
   Other Revenue $1,759
TOTAL REVENUE $3,447,551
   
EXPENSES  
   Program Expenses $2,466,424
   Administrative Expenses $318,350
   Fundraising Expenses $524,196
TOTAL FUNCTIONAL EXPENSES $3,308,970
   
Payments to Affiliates $0
Excess (or Deficit) for the year $138,581
   
Net Assets $3,361,231

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Arts Expansion Initiative $1,033,003 41.9%
Zeroing In On Math $551,567 22.4%
The Seed Fund $289,319 11.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 06/01/2019 84.19 three stars
2017-06 07/01/2018 84.68 three stars
2016-06 11/01/2017 83.50 three stars
2016-06 06/01/2017 81.76 three stars
2015-06 06/01/2016 87.32 three stars
 
CN 2.0
2015-06 04/01/2016 87.87 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 76-0794873
Name in IRS Master File EDVESTORS INC
NTEE Code B12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date May, 2007
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$93,676 2.83% Marinell Rousmaniere Interim CEO
Other Salaries of Note
$176,064 5.32% Laura Perille Former President and CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
EdVestors (MA) 84.19 three stars
Education Foundation of Palm Beach County (FL) 90.99 four stars
Houston A+ Challenge (TX) 88.20 three stars
Afterschool Alliance (DC) 91.45 four stars
New Profit (MA) 88.22 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

EdVestors
140 Clarendon Street
Boston, MA 02116
tel: (617) 585-5740
fax: (617) 585-5749
EIN: 76-0794873

Visit Web Site

Board Leadership

Wendell Knox
Chair

CEO

Marinell Rousmaniere
President & CEO

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