Edvestors INC FY2021 filing

Tax-deductible

Boston, MA501(c)(3)EducationEIN 76-0794873Revenue $7.3M in FY2021

On file with the IRSedvestors.org142 Berkeley St Ste 410, 02116-5395 · Boston, MATax-exempt since May 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Edvestors is a dynamic school change organization focused on accelerating substantive improvement in boston schools.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$566K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $346K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$566K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
Spent
$4.7M
To programs
83%
Net assets
$5.1M
By yearFY2021–FY2025
Revenue
$7.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$7.3M
FY2022$6.6M
FY2023$7.1M
FY2024$4.6M
FY2025$3.3M
Expenses
$4.7M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$4.7M
FY2022$4.8M
FY2023$5.8M
FY2024$6.0M
FY2025$5.9M
Net assets
$5.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$5.1M
FY2022$6.9M
FY2023$8.1M
FY2024$6.7M
FY2025$4.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.9M Management & general 6% · $298K Fundraising 10% · $482K

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

18 people listed on the 990; $566K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Senior VP, External Affairs
$174,463Pt VII · Sec A
President & CEO
$163,675Pt VII · Sec A
Executive Vice President
$129,121Pt VII · Sec A
VP, Finance & Operations (thru 2/21)
$98,253Pt VII · Sec A
Dir., Finance & Ops. (began 4/21)
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Marinell Rousmaniere’s $198K as President & CEO is at the 82nd percentile of top reported officer pay among 3395 $1–10M education 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Marinell Rousmaniere$198,049$191,477$181,241$184,962$163,675
Anuradha Desai——$186,311$190,216$174,463
Lorena Lopera$145,669————
Heather Johnson$109,666$139,962$135,878——
Janet Anderson————$129,121
Ruth Mercado-Zizzo$128,357$122,957$116,958$116,077—
Francisco Marriott$120,554$113,054$106,544$76,731—
Justine Beaton$118,434$110,138$102,235——

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Accelerates substantive improvement in Boston schools.

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Provided by the organization

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3 programs · $3.3M · in their own filed words · FY2020
01

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.

$1.7Mprogram expense
02

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…

$1.2Mprogram expense
03

Zeroing in on Math

Sets out to ensure more middle grades math students in boston have access to quality math instruction that prepares for rigorous high school academics and success in college, career, and life.

$447Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 324 grants · $4.0M · 2020–2024
Trustees of Eliot SchoolMA · FY2024$66,000
Unitemized GrantFY2024$27,356
Open Door ArtsMA · FY2024$27,000
Company One INCMA · FY2024$27,000
Fractured Atlas INCNY · FY2024$22,000
Balletrox INCMA · FY2024$18,000
Artists for Humanity INCMA · FY2024$15,000
Boston Music Project INCMA · FY2024$13,500
Apprentice Learning INCMA · FY2024$13,000
Brighter Boston INCMA · FY2024$11,000
See all 324 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Gifts and grantsLn 1h$7.3M
Investment incomeLn 3$8K
Money outPt IX
$4.7M
Ln 25
Programscol B$3.9M
Managementcol C$298K
Fundraisingcol D$482K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$6.7M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.3M
Government grantsLn 1e$296K
Noncash giftsLn 1g$2K
Investment incomeLn 3$8K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$5.3M
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$6.7M
LiabilitiesLn 26$1.7M
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 529
VolunteersI 676
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.7M$5.3M
Land, buildings, equipmentLn 10c$72K$57K
Total assetsLn 16$3.4M$6.7M
LiabilitiesLn 26$969K$1.7M
Net assetsLn 32$2.4M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$870K$870K
Pay of current officers, directors and key staffLn 5$366K$157K$149K$59K
Other salaries and wagesLn 7$1.1M$688K$53K$312K
Pension plan contributionsLn 8$20K$14K$792$5K
Other employee benefitsLn 9$120K$79K$10K$31K
Payroll taxesLn 10$110K$61K$24K$25K
Accounting feesLn 11c$99K$91K$3K$4K
Other fees for servicesLn 11g$505K$468K$16K$21K
Office expensesLn 13$23K$9K$13K$329
Information technologyLn 14$33K$28K$2K$3K
OccupancyLn 16$136K$111K$10K$14K
TravelLn 17$3K$1K$290$1K
Conferences, conventions and meetingsLn 19$47K$34K$13K$153
Depreciation, depletion and amortizationLn 22$18K$15K$1K$2K
Other expenses (24a–d)Ln 24$1.3M$1.3M$2K$3K
Total functional expensesLn 25$4.7M$3.9M$298K$482K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$5.9M−$2.6M$4.1M 990 PDF
FY2024 $4.6M$6.0M−$1.4M$6.7M 990 PDF
FY2023 $7.1M$5.8M$1.3M$8.1M 990 PDF
FY2022 $6.6M$4.8M$1.8M$6.9M 990 PDF
FY2021 Viewing $7.3M$4.7M$2.6M$5.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,340,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,020,856$7,333,053
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,426$7,723
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,030,282$7,340,776
I-13 Grants and similar amounts paidPrior year $723,428$869,610
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,708,214$1,668,016
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,077,672$2,158,667
I-18 Total expensesPrior year $3,509,314$4,696,293
I-19 Revenue less expensesPrior year −$1,479,032$2,644,483
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,340,776 across 6 lines filed
VIII-1e Government grants$295,600
VIII-1f All other contributions, gifts and grants$7,037,453
VIII-1g Noncash contributions (included above)$2,500
VIII-1h Total contributions, gifts and grants$7,333,053
VIII-3 Investment incomeExcluded from tax $7,723$7,723
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,723$7,340,776
Part IX · Statement of functional expenses $4,696,293 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $869,610$869,610
IX-5 Pay of current officers, directors and key staffPrograms $157,050 · Management $149,393 · Fundraising $59,181$365,624
IX-7 Other salaries and wagesPrograms $688,096 · Management $52,665 · Fundraising $311,909$1,052,670
IX-8 Pension plan contributionsPrograms $13,807 · Management $792 · Fundraising $5,429$20,028
IX-9 Other employee benefitsPrograms $78,517 · Management $10,200 · Fundraising $30,999$119,716
IX-10 Payroll taxesPrograms $61,451 · Management $23,505 · Fundraising $25,022$109,978
IX-11c Accounting feesPrograms $91,358 · Management $3,129 · Fundraising $4,122$98,609
IX-11g Other fees for servicesPrograms $467,905 · Management $16,026 · Fundraising $21,114$505,045
IX-13 Office expensesPrograms $9,223 · Management $13,214 · Fundraising $329$22,766
IX-14 Information technologyPrograms $28,019 · Management $2,195 · Fundraising $3,048$33,262
IX-16 OccupancyPrograms $111,416 · Management $10,288 · Fundraising $14,287$135,991
IX-17 TravelPrograms $1,262 · Management $290 · Fundraising $1,250$2,802
IX-19 Conferences, conventions and meetingsPrograms $34,442 · Management $12,579 · Fundraising $153$47,174
IX-22 Depreciation, depletion and amortizationPrograms $14,625 · Management $1,351 · Fundraising $1,875$17,851
IX-24 Other expenses (24a–d)Programs $1,289,743 · Management $2,370 · Fundraising $3,054$1,295,167
IX-25 Total functional expensesPrograms $3,916,524 · Management $297,997 · Fundraising $481,772$4,696,293
Part X · Balance sheet $6,746,466 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $995,653$3,199,851
X-2 Savings and temporary cash investmentsStart of year $1,691,295$2,092,306
X-3 Pledges and grants receivableStart of year $608,038$1,363,125
X-9 Prepaid expenses and deferred chargesStart of year $32,621$33,758
X-10c Land, buildings and equipment, netStart of year $71,804$57,426
X-16 Total assetsStart of year $3,399,411$6,746,466
X-17 Accounts payable and accrued expensesStart of year $219,397$326,914
X-18 Grants payableStart of year $453,529$644,184
X-19 Deferred revenue$700,000
X-26 Total liabilitiesStart of year $968,526$1,671,098
X-27 Net assets without donor restrictionsStart of year $1,110,332$1,512,354
X-28 Net assets with donor restrictionsStart of year $1,320,553$3,563,014
X-32 Total net assets or fund balancesStart of year $2,430,885$5,075,368
X-33 Total liabilities and net assetsStart of year $3,399,411$6,746,466
Part XI · Reconciliation of net assets $5,075,368 net assets at year end
XI-1 Total revenue$7,340,776
XI-2 Total expenses$4,696,293
XI-3 Revenue less expenses$2,644,483
XI-4 Net assets at start of year$2,430,885
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,075,368

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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