Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Mar 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
41 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990.
Heidi Hancock’s $151K as CEO is at the 98th percentile of top reported officer pay among 1993 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Heidi Hanckock | — | $152,546 |
| Heidi Hancock | $150,673 | — |
| Charles Desmond | — | $101,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers low-income families with resources and understanding for higher education goals through parental engagement.
Questions for Inversant INC
Your first name shows with your question. Inversant INC answers here, for everyone.
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Inversant is a nonprofit organization founded to motivate low-income families to seek higher education for their CHILDREN.THE organization believes that higher education is attainable for all, regardless of income, and that family engagement is crucial to students' educational achievement.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $472K | $652K |
| Total assetsLn 16 | $1.3M | $837K |
| LiabilitiesLn 26 | $646K | $788K |
| Net assetsLn 32 | $614K | $49K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $58K | $58K | ||
| Other salaries and wagesLn 7 | $188K | $109K | $43K | $36K |
| Pension plan contributionsLn 8 | $2K | $1K | $396 | $335 |
| Other employee benefitsLn 9 | $77K | $44K | $18K | $15K |
| Payroll taxesLn 10 | $19K | $11K | $4K | $4K |
| Legal feesLn 11b | $151K | $78K | $56K | $17K |
| Accounting feesLn 11c | $95K | $57K | $38K | |
| Professional fundraising feesLn 11e | $14K | $14K | ||
| Other fees for servicesLn 11g | $24K | $12K | $168 | $12K |
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $8K | $2K | $6K | $427 |
| Information technologyLn 14 | $19K | $13K | $3K | $3K |
| OccupancyLn 16 | $54K | $31K | $12K | $10K |
| TravelLn 17 | $158 | $112 | $22 | $24 |
| InterestLn 20 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $335K | $12K | $319K | $3K |
| All other expensesLn 24e | $4K | $3K | $419 | $358 |
| Total functional expensesLn 25 | $1.1M | $434K | $516K | $115K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $499K | $1.1M | −$566K | $49K | 990 PDF |
| FY2021 | $1.1M | $1.7M | −$635K | $614K | 990 PDF |
| FY2020 | $2.7M | $1.6M | $1.1M | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $499,150 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $499,150 across 5 lines filed
Part IX · Statement of functional expenses $1,064,672 across 17 lines filed
Part X · Balance sheet $837,041 assets, 12 lines filed
Part XI · Reconciliation of net assets $48,769 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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