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Nonprofiteer
← EDVESTORS INC

Form 990 for tax year 2022

Filed by EDVESTORS INC.

Totals

Total revenue
$7,126,706
Total expenses
$5,831,581
Contributions and grants received
$7,041,121
Grants paid
$907,131
Program service revenue
$0
Investment income
$85,585
Other revenue
$0
Total assets, end of year
$10,853,706
Total liabilities, end of year
$2,750,927
Net assets or fund balances, end of year
$8,102,779
Program services expenses (Part IX)
$4,883,516
Management and general expenses
$391,490
Fundraising expenses
$556,575
Program service expenses (Part III)
$4,883,516

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARINELL ROUSMANIERE

    PRESIDENT & CEO

    Total calculated
    $231,251
    From this org
    $181,241
    From related orgs
    $0
    Other
    $50,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,241
    Bonus
    $0
    Other
    $0
    Deferred
    $7,250
    Nontaxable benefits
    $42,760
    Filer's total
    $231,251

  • ANURADHA DESAI

    SENIOR VP, EXTERNAL AFFAIRS (UNTIL 6/23)

    Total calculated
    $211,713
    From this org
    $186,311
    From related orgs
    $0
    Other
    $25,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,311
    Bonus
    $0
    Other
    $0
    Deferred
    $7,452
    Nontaxable benefits
    $17,950
    Filer's total
    $211,713

  • HEATHER JOHNSON

    VP PROGRAM, STRATEGY & IMPACT

    Total calculated
    $171,458
    From this org
    $135,878
    From related orgs
    $0
    Other
    $35,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,878
    Bonus
    $0
    Other
    $0
    Deferred
    $5,435
    Nontaxable benefits
    $30,145
    Filer's total
    $171,458

  • RUTH MERCADO-ZIZZO

    VP PROGRAMS & EQUITY

    Total calculated
    $147,021
    From this org
    $116,958
    From related orgs
    $0
    Other
    $30,063
    Hours/week
    40

  • JUSTINE BEATON

    DIRECTOR, STRATEGIC PROJECTS

    Total calculated
    $115,299
    From this org
    $102,235
    From related orgs
    $0
    Other
    $13,064
    Hours/week
    40

  • FRANCISCO MARRIOTT

    DIR., FINANCE & OPS.

    Total calculated
    $110,806
    From this org
    $106,544
    From related orgs
    $0
    Other
    $4,262
    Hours/week
    40

  • MYRAN PARKER-BRASS

    BOARD CHAIR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER LARSON-JOYCE

    VICE CHAIR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE S MCHUGH

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • DAVID SIMON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE GROSS

    BOARD CHAIR (UNTIL 10/22), BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FAITH PARKER

    VICE CHAIR (UNTIL 10/22), BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM SCHAWBEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEAN-PHILLIP BRIGNOL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE LETTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR MARIA LUISA PARRA-VELASCO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRANDON CARDET-HERNANDEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ZACCARDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW LESNIAK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABRA FRANCOIS

    BOARD MEMBER (AS OF 4/23)

    Total calculated
    $0
    Hours/week
    1

  • LORENA LOPERA

    BOARD MEMBER (UNTIL 6/23)

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Form 990 of other organizations
  • 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)

PART I, LINE 3
THE PROCESS FOR DETERMINING COMPENSATION FOR TOP ORGANIZATION POSITIONS, INCLUDING CEO AND OTHER KEY EMPLOYEES IS AS FOLLOWS: (A) ANNUAL PERFORMANCE AND SALARY/COMPENSATION REVIEW BY CEO FOR TOP MANAGEMENT AND KEY EMPLOYEES AND BY THE GOVERNING BOARD EXECUTIVE COMMITTEE FOR CEO WITH FINAL APPROVAL BY FULL GOVERNING BOARD, AT RECOMMENDATION OF EXECUTIVE COMMITTEE, AS PART OF THE ORGANIZATION'S ANNUAL BUDGET APPROVAL PROCESS. (B) COMPARABILITY DATA IS GATHERED TO INFORM RECOMMENDED SALARY LEVELS FOR ALL NEWLY CREATED MANAGEMENT AND KEY EMPLOYEE POSITIONS. (C) EDVESTORS MANAGEMENT WILL INSTITUTE A SALARY COMPENSATION REVIEW EVERY 2 3 YEARS (OR FIND COMPARABLE EXISTING REPORT FROM EXTERNAL SOURCE) FOR CURRENT KEY EMPLOYEE POSITIONS.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202302969349301170

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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