EIN 76-0794873

Edvestors

IRS 501(c) type
501(c)(3)
Num. employees
21
City
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
Description
To accelerate substantive improvement in urban schools, serving as the driving force behind multiple reform initiatives to level the playing field of opportunity and achievement for Boston's students.
Total revenues
$7,126,706
2023
Total expenses
$5,831,581
2023
Total assets
$10,853,706
2023
Num. employees
21
2023

Program areas at Edvestors

Boston public schools arts expansion - a multi-year collaborative effort to expand equitable access to quality arts learning experiences for all students in boston public schools (bps). (continued on schedule o) this public-private partnership involves a large and coordinated network of partners, including schools, arts institutions, teaching artists, and funders, among others. As a result of this public-private partnership, 17,000 more students annually receive arts education as compared with more than a decade ago and our private investment has leveraged a 5:1 return of increased bps district budget investment for arts education. Edvestors is the lead implementation partner for bps arts expansion. In 2019, Edvestors 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.
Career pathways - aims to ensure all students can access high quality career learning and pathways experiences in boston's public high schools that equip students with the academic, technical, and social fluency to thrive in high school and beyond. Through the career pathways initiative, Edvestors helps high schools and the district to plan and provide quality career education experiences for more boston students, enabling them to develop the skills needed to identify, navigate towards, and realize their college and career readiness goals. In 2020, Edvestors partnered with jpmorgan chase on a five-year program that will strengthen career and college preparations in boston's public schools.
Edvestors' mathematics program (also known as zeroing in on math) hasa goal of improving the mathematics educational experiences andoutcomes of students in boston public schools, with a specific aim ofadvancing equity in mathematics. (continued on schedule o)through this work, teachers, students, and administrators are engaged to advance teaching, learning, and curricular improvements. Over the years, this program at Edvestors has worked with more than 20 boston schools and over 160 teachers. Results have shown that students have benefited with increased assessment outcomes and teachers have reported greater competencies in teaching mathematics. Moving forward, Edvestors will build on these accomplishments while working toward having a system-level impact driven by the connectedness of our school-based work, district-level partnerships, and external collaborations.
Other program services include the school on the move prize, racial equity seed fund, and other programmatic expenses. The school on the move prize is boston's premier award for boston public schools. The annual prize includes a monetary award to one of bps' most rapidly improving schools, with smaller grants to the two finalists. The prize also comes with public recognition and the opportunity for the winning school to document and share their successful improvement strategies to inform the work of educators. Through the racial equity seed fund, Edvestors makes small investments in up to 15 projects each year to provide schools with the opportunity to create an action-based learning community that implements, tests, and scales solutions to advance racial equity. Investing in on-the-ground solutions, in partnership with our funders, is an essential part of Edvestors' approach to strategic philanthropy.

Grants made by Edvestors

GranteeGrant descriptionAmount
The Eliot SchoolR15 Sy23-24; Eliot - Greater Egleston, Burke, Ellison Parks, Haynes, Henry Grew$42,900
Actors' Shakespeare Project (ASP)R15 Sy23-24; Asp - Bdea, Brighton, English, Binca$26,400
Vsa MassachusettsR15 Sy23-24; Open Door Arts - Ellison Parks, Bga, Cash$26,400
...and 56 more grants made totalling $678,036

Who funds Edvestors

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Creating Economic Mobility and Career Pathways$1,563,750
Klarman Family FoundationGood Philanthropic Citizen and Community Grants: Unrestricted Operating Support and BPS Arts Expansion for Fiscal Years 2022 and 2023$650,000
Bloomberg PhilanthropiesArts Internship Program in Boston$554,000
...and 30 more grants received totalling $4,797,576

Personnel at Edvestors

NameTitleCompensation
Marinell RousmanierePresident and Chief Executive Officer$181,241
Amy LusterVice President , Finance and Operations / V.P Finance and Operations / Vice President for Finance and Operations$98,253
Anuradha DesaiSenior Vice President , External Affairs$186,311
Heather JohnsonVice President Program , Strategy and Impact$135,878
Ruth Mercado-ZizzoVice President Programs and Equity$116,958
...and 18 more key personnel

Financials for Edvestors

RevenuesFYE 06/2023
Total grants, contributions, etc.$7,041,121
Program services$0
Investment income and dividends$85,585
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,126,706

Form 990s for Edvestors

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-23990View PDF
2022-062023-03-27990View PDF
2021-062022-01-10990View PDF
2020-062021-02-24990View PDF
2019-062020-01-14990View PDF
...and 9 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 14 new grant, including a grant for $1,563,750 from JP Morgan Chase Foundation
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2023
Updated personnel
Identified 1 new personnel
October 26, 2023
Received grants
Identified 33 new grant, including a grant for $1,563,750 from JP Morgan Chase Foundation
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
142 Berkeley St 410
Boston, MA 02116
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
edvestors.org/ 
Phone
(617) 585-5740
Facebook page
EdVestors 
Twitter profile
@edvestors 
IRS details
EIN
76-0794873
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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