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Form 990 for tax year 2023

Filed by EDIFY.

Totals

Total revenue
$14,480,232
Total expenses
$14,763,936
Contributions and grants received
$13,843,819
Grants paid
$1,305,835
Program service revenue
$378,446
Investment income
$233,439
Other revenue
$24,528
Total assets, end of year
$7,525,076
Total liabilities, end of year
$509,741
Net assets or fund balances, end of year
$7,015,335
Program services expenses (Part IX)
$11,958,049
Management and general expenses
$950,519
Fundraising expenses
$1,855,368
Program service expenses (Part III)
$11,958,049

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $13,843,819

  • 1g · Noncash contributions included above

    $104,952

  • 2a · Program service revenue: Vision Trips

    total $311,719 · related or exempt $311,719

  • 2b · Program service revenue: Training program

    total $66,727 · related or exempt $66,727

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $236,125 · excluded $236,125

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $99,165

  • 7b · Less cost or other basis and sales expenses

    securities $101,851

  • 7c · Gain or loss

    securities -$2,686 · other assets $0

  • 7d · Net gain or loss

    total -$2,686 · excluded -$2,686

  • 11d · All other revenue

    total $24,528 · related or exempt $0 · unrelated business $0 · excluded $24,528

  • 11e · Other revenue, total

    $24,528

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,305,835 · program services $1,305,835

  • 5 · Compensation of officers, directors and key employees

    total $455,463 · program services $279,206 · management and general $136,553 · fundraising $39,704

  • 6 · Compensation of disqualified persons

    total $9,851 · program services $9,851

  • 7 · Other salaries and wages

    total $2,173,541 · program services $706,452 · management and general $330,113 · fundraising $1,136,976

  • 8 · Pension plan contributions

    total $194,836 · program services $122,726 · management and general $16,482 · fundraising $55,628

  • 9 · Other employee benefits

    total $439,031 · program services $247,393 · management and general $66,649 · fundraising $124,989

  • 10 · Payroll taxes

    total $327,227 · program services $205,201 · management and general $34,146 · fundraising $87,880

  • 11b · Fees: legal

    total $71,472 · program services $19,862 · management and general $51,610

  • 11c · Fees: accounting

    total $47,632 · program services $11,963 · management and general $35,669

  • 11g · Fees: other

    total $3,594,410 · program services $3,516,945 · management and general $35,326 · fundraising $42,139

  • 12 · Advertising and promotion

    total $57,139 · program services $11,079 · fundraising $46,060

  • 13 · Office expenses

    total $338,808 · program services $259,902 · management and general $24,081 · fundraising $54,825

  • 14 · Information technology

    total $432,684 · program services $256,894 · management and general $129,003 · fundraising $46,787

  • 16 · Occupancy

    total $116,362 · program services $113,440 · management and general $12 · fundraising $2,910

  • 17 · Travel

    total $2,009,494 · program services $1,757,718 · management and general $67,735 · fundraising $184,041

  • 19 · Conferences, conventions and meetings

    total $38,120 · program services $23,348 · management and general $9,335 · fundraising $5,437

  • 22 · Depreciation, depletion and amortization

    total $39,426 · program services $23,978 · fundraising $15,448

  • 23 · Insurance

    total $49,387 · program services $26,449 · management and general $12,986 · fundraising $9,952

  • 24a · Other expenses: School leader training

    total $1,535,512 · program services $1,535,512

  • 24b · Other expenses: Teacher training

    total $944,917 · program services $944,917

  • 24c · Other expenses: Student training

    total $223,226 · program services $223,226

  • 24e · All other expenses

    total $359,563 · program services $356,152 · management and general $819 · fundraising $2,592

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,870,169 · end of year $1,748,172

  • 4 · Accounts receivable

    beginning of year $12,334 · end of year $14,039

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $359,660 · end of year $350,017

  • 10a · Land, buildings and equipment: cost or other basis

    $255,189

  • 10b · Land, buildings and equipment: accumulated depreciation

    $206,388

  • 10c · Land, buildings and equipment, net

    beginning of year $84,687 · end of year $48,801

  • 11 · Investments: publicly traded securities

    beginning of year $5,271,787 · end of year $5,260,799

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $102,957 · end of year $103,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $377,165 · end of year $456,798

  • 19 · Deferred revenue

    beginning of year $6,650

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $26,422 · end of year $52,943

  • 27 · Net assets without donor restrictions

    beginning of year $6,759,275 · end of year $6,321,832

  • 28 · Net assets with donor restrictions

    beginning of year $532,082 · end of year $693,503

Mission and programs · 2023

Mission

To improve and expand sustainable Christ-centered education globally.

  • Edify comes alongside entrepreneurs who offer quality Christ-centered education to children in their underserved communities. We partner with them using three key resources to help improve and expand their schools: 1.Training to equip school leaders and teachers to develop sustainable Christ-centered schools. 2.Loan Capital to improve and expand school facilities. 3.Education Technology to enhance learning outcomes and employability. Persons served in fiscal year 2024 - 8,437,613 comprised of 8,388,449 children, 49,164 leaders and teachers Schools served in fiscal year 2024 - 34,086 in 14 developing world countries

    Expenses $11,548,161 · Grants $1,305,835 · Revenue $66,727

  • Edify offers donor vision trips for individuals, families, and couples. These immersive experiences provide a unique opportunity to witness the impact of their work in Africa and Latin America, connect with local communities, and deepen one's understanding of Edify's mission.By visiting schools, meeting educators and students, and engaging with local staff, participants gain an in-depth, firsthand perspective on the challenges and triumphs of Christ-centered education in under-resourced communities. These trips are also designed to be a spiritually enriching experience, encouraging participants to reflect on their faith and discern how they can contribute to "giving God more miracle-working space," as described by Edify.

    Expenses $409,888 · Revenue $311,719

As filed on the 2023 return.

Listed in Part VII

  • David Slover

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Debbie Hall

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • George T Dawson

    President & CEO

    Total calculated
    $154,817
    From this org
    $151,125
    From related orgs
    $0
    Other
    $3,692
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,125
    Bonus
    $0
    Other
    $0
    Deferred
    $3,012
    Nontaxable benefits
    $680
    Filer's total
    $154,817

  • Christopher Crane

    Board Member

    Total calculated
    $0
    Hours/week
    20

  • Howard Chan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kurt Knapton

    Audit Committee Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kwabeno Darko

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marnie Nair

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Park

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Curt Christianssen

    CFO

    Total calculated
    $134,056
    From this org
    $114,304
    From related orgs
    $0
    Other
    $19,752
    Hours/week
    40

  • Vanessa Folsom

    Secretary / Chief People Officer

    Total calculated
    $133,811
    From this org
    $111,919
    From related orgs
    $0
    Other
    $21,892
    Hours/week
    50

  • Abigail Bach

    VP, Strategic Initiatives and Philanthropy

    Total calculated
    $153,996
    From this org
    $131,022
    From related orgs
    $0
    Other
    $22,974
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $131,022
    Bonus
    $0
    Other
    $0
    Deferred
    $7,794
    Nontaxable benefits
    $15,180
    Filer's total
    $153,996

  • Chase Ketchum

    Director of Information Technology

    Total calculated
    $118,544
    From this org
    $102,901
    From related orgs
    $0
    Other
    $15,643
    Hours/week
    40

  • Julie Walton

    VP, Finance and Accounting

    Total calculated
    $113,003
    From this org
    $101,943
    From related orgs
    $0
    Other
    $11,060
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
The spouse of Edify's CEO volunteered to lead spiritual retreats and other ministry activities for Edify staff and donors as part of the organization's 360 degrees of transformation initiative. The benefits were not included in taxable income as they had a bona fide business purpose. Children of CEO participated in a service capacity at the annual staff conference and a donor vision trip during the year. Edify paid their expenses related to this activity. The benefits were not included in taxable income as they had a bona fide business purpose.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Edify Ghana

    501(c)(3) · Christ-centered education, leadership training, education technology at schools · GH · controlled entity

    Directly controlled by Edify

  • Edify Rwanda

    501(c)(3) · Christ-centered education, leadership training, education technology at schools · RW · controlled entity

    Directly controlled by Edify

  • Edify Uganda

    501(c)(3) · Christ-centered education, leadership training, education technology at schools · UG · controlled entity

    Directly controlled by Edify

Provenance

Return type
form_990
Tax year
2023
Filed
2 June 2025
IRS schema version
2023v6.0
Source object
202521539349301402

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