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Nonprofiteer
← EDVESTORS INC

Form 990 for tax year 2024

Filed by EDVESTORS INC.

Totals

Total revenue
$3,289,177
Total expenses
$5,915,852
Contributions and grants received
$3,138,502
Grants paid
$817,068
Program service revenue
$0
Investment income
$150,675
Other revenue
$0
Total assets, end of year
$6,594,643
Total liabilities, end of year
$2,527,529
Net assets or fund balances, end of year
$4,067,114
Program services expenses (Part IX)
$5,035,806
Management and general expenses
$331,293
Fundraising expenses
$548,753
Program service expenses (Part III)
$5,035,806

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MYRAN PARKER-BRASS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER LARSON-JOYCE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ABRA FRANCOIS

    CLERK( AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE S MCHUGH

    CLERK (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • DAVID SIMON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE GROSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FAITH PARKER

    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

  • 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

  • MELODIE KNOWLTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR MARIA LUISA PARRA-VELASCO

    BOARD MEMBER (UNTIL 9/24)

    Total calculated
    $0
    Hours/week
    1

  • MARINELL ROUSMANIERE

    PRESIDENT & CEO

    Total calculated
    $228,825
    From this org
    $198,049
    From related orgs
    $0
    Other
    $30,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,049
    Bonus
    $0
    Other
    $0
    Deferred
    $7,086
    Nontaxable benefits
    $23,690
    Filer's total
    $228,825

  • FRANCISCO MARRIOTT

    VP FINANCE & OPS.

    Total calculated
    $125,192
    From this org
    $120,554
    From related orgs
    $0
    Other
    $4,638
    Hours/week
    40

  • RUTH MERCADO-ZIZZO

    VP PROGRAMS & EQUITY

    Total calculated
    $156,504
    From this org
    $128,357
    From related orgs
    $0
    Other
    $28,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,357
    Bonus
    $0
    Other
    $0
    Deferred
    $5,414
    Nontaxable benefits
    $22,733
    Filer's total
    $156,504

  • LORENA LOPERA

    VP ADVANCEMENT & EXTERNAL RELATIONS

    Total calculated
    $151,442
    From this org
    $145,669
    From related orgs
    $0
    Other
    $5,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,669
    Bonus
    $0
    Other
    $0
    Deferred
    $5,773
    Nontaxable benefits
    $0
    Filer's total
    $151,442

  • JUSTINE BEATON

    VP CHIEF OF STAFF

    Total calculated
    $131,239
    From this org
    $118,434
    From related orgs
    $0
    Other
    $12,805
    Hours/week
    40

  • HEATHER JOHNSON

    VP PROGRAMS

    Total calculated
    $122,898
    From this org
    $109,666
    From related orgs
    $0
    Other
    $13,232
    Hours/week
    40

  • LAVONIA MONTOUTE

    SENIOR DIRECTOR

    Total calculated
    $118,090
    From this org
    $107,310
    From related orgs
    $0
    Other
    $10,780
    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

  • 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

  • BOSTON EDUCATION FUND (BEDF)

    $80,000

    SCHOOL ON THE MOVE 2024 PRIZE WINNER: MATTAHUNT ELEMENTARY

  • ELIOT SCHOOL OF FINE AND APPLIED ARTS

    $66,000

    R17 1-YEAR: ELIOT SCHOOL OF FINE AND APPLIED ARTS WITH ELLISON PARKS EARLY EDUCATION SCHOOL, GREATER EGLESTON HIGH SCHOOL, HAYNES EARLY EDUCATION CENTER, HENRY GREW SCHOOL, HOLMES INNOVATION SCHOOL, KENNEDY ELEMENTARY SCHOOL, LEE ACADEMY, HOLLAND HIGH SCHOOL

  • COMMUNITY MUSIC CENTER OF BOSTON

    $28,000

    R17 1-YEAR: COMMUNITY MUSIC CENTER OF BOSTON WITH ROOSEVELT K-8 SCHOOL, HURLEY K-8 SCHOOL, MURPHY K-8 SCHOOL, SHAW-TAYLOR ELEMENTARY SCHOOL

  • OPEN DOOR ARTS

    $27,000

    R17 1-YEAR: OPEN DOOR ARTS WITH COMMUNITY ACADEMY OF SCIENCE AND HEALTH, FENWAY HIGH SCHOOL, HENDERSON K-12 INCLUSION SCHOOL, NEW MISSION HIGH SCHOOL

  • COMPANY ONE

    $27,000

    R17 1-YEAR: COMPANY ONE WITH HOLLAND TECH, TECHBOSTON ACADEMY, RUTH BATSON ACADEMY, BOSTON ADULT TECHNICAL ACADEMY

  • ACTORS' SHAKESPEARE PROJECT

    $22,000

    R17 1-YEAR: ACTORS' SHAKESPEARE PROJECT WITH BOSTON DAY & EVENING ACADEMY, BRIGHTON HIGH SCHOOL, ENGLISH HIGH SCHOOL, BOSTON INTERNATIONAL NEWCOMERS ACADEMY

  • FRACTURED ATLAS

    $22,000

    R17 1-YEAR: I LEARN AMERICA WITH BOSTON INTERNATIONAL NEWCOMERS ACADEMY, UMANA ACADEMY, FENWAY HIGH SCHOOL

  • BOSTON EDUCATION FUND (BEDF)

    $20,000

    SCHOOL ON THE MOVE 2024 PRIZE FINALIST: BOSTON ADULT TECHNICAL ACADEMY

  • BOSTON EDUCATION FUND (BEDF)

    $20,000

    SCHOOL ON THE MOVE 2024 PRIZE FINALIST: JOSIAH QUINCY ELEMENTARY SCHOOL

  • BALLETROX

    $18,000

    R17 1-YEAR: BALLETROX WITH DEVER SCHOOL, HENNIGAN SCHOOL, ELLISON PARKS EARLY EDUCATION SCHOOL, CONLEY ELEMENTARY SCHOOL, SHAW-TAYLOR ELEMENTARY SCHOOL

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

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202543169349300644

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

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