Edovo Foundation

Tax-deductible

Chicago, IL501(c)(3)Since 2023Crime & LegalEIN 93-3120066Revenue $7.8M in FY2024

On file with the IRSedovo.org1130 S Canal St Ste 1271, 60607-5058 · Chicago, ILTax-exempt since Jul 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Provide educational, vocational, and rehabilitative curriculums and content to incarcerated people.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 3 volunteers and 40 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $914K a year · 22% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 23% of spending
Top officer’s pay higher than 80% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
$706K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
×25 vs prior year
Spent
$6.3M
To programs
79%
Net assets
$1.8M
By yearFY2023–FY2024
Revenue
$7.8M
FY2024▲ ×25
Tap a bar for its year
Revenue by fiscal year
FY2023$311K
FY2024$7.8M
Expenses
$6.3M
FY2024▲ ×8398
Tap a bar for its year
Expenses by fiscal year
FY2023$750
FY2024$6.3M
Net assets
$1.8M
FY2024▲ +489%
Tap a bar for its year
Net assets by fiscal year
FY2023$311K
FY2024$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2024.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $5.0M Management & general 15% · $922K Fundraising 7% · $413K

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

11 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
CFO/Board Treasurer & Secretary
$183,259Pt VII · Sec A
CEO/Board President
$177,937Pt VII · Sec A
Chief Technology Officer
$164,732Pt VII · Sec A
Controller
$159,787Pt VII · Sec A
Chief of Staff
$151,445Pt VII · Sec A
$147,741Pt VII · Sec A
Chief Creative Officer
$145,786Pt VII · Sec A
Infra Engineering Manager
$144,779Pt VII · Sec A

Rick Crowley’s $183K as CFO/Board Treasurer & Secretary is at the 80th percentile of top reported officer pay among 1147 $1–10M crime & legal 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.

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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

Offers educational, vocational, and rehabilitative programs to incarcerated individuals.

Questions for Edovo Foundation

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Provided by the organization

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1 program · $5.0M · in their own filed words · FY2024
01

Edovo provides a robust learning platform to over one million incarcerated individuals nationwide. The platform, built exclusively for the correctional environment, delivers over 35,000 hours of academic, vocational and self-improvement content at no cost to the incarcerated population.

$5.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Fees for servicesLn 2g$5.5M
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$14K
Money outPt IX
$6.3M
Ln 25
Programscol B$5.0M
Managementcol C$922K
Fundraisingcol D$413K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$706K
PeoplePt VI, VII
11
listed · VII A
PaidVII A9
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$540K
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$13K
Other incomeLn 4–11$14K
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$269K
Total assetsLn 16$2.5M
LiabilitiesLn 26$706K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 540
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$143K$1.1M
Land, buildings, equipmentLn 10c$0$269K
Total assetsLn 16$311K$2.5M
LiabilitiesLn 26$750$706K
Net assetsLn 32$311K$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$782K$369K$306K$107K
Other salaries and wagesLn 7$3.2M$2.8M$276K$149K
Pension plan contributionsLn 8$26K$23K$2K$861
Other employee benefitsLn 9$65K$56K$6K$3K
Payroll taxesLn 10$244K$213K$19K$12K
Accounting feesLn 11c$141K$141K
Other fees for servicesLn 11g$142K$11K$10K$121K
Advertising and promotionLn 12$4K$4K$505
Information technologyLn 14$718K$708K$8K$2K
TravelLn 17$120K$17K$89K$14K
Conferences, conventions and meetingsLn 19$18K$17K$1K
Depreciation, depletion and amortizationLn 22$262K$242K$20K
InsuranceLn 23$16K$10K$5K$636
Other expenses (24a–d)Ln 24$520K$479K$37K$3K
Total functional expensesLn 25$6.3M$5.0M$922K$413K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.8M$6.3M$1.5M$1.8M 990 PDF
FY2023 $311K$750$311K$311K 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 FY2024 990 (6 parts)
Part I · Summary $7,816,853 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $311,301$2,289,908
I-9 Program service revenuePrior year $0$5,500,290
I-10 Investment incomePrior year $0$12,805
I-11 Other revenuePrior year $0$13,850
I-12 Total revenuePrior year $311,301$7,816,853
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$4,357,625
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $750$1,941,144
I-18 Total expensesPrior year $750$6,298,769
I-19 Revenue less expensesPrior year $310,551$1,518,084
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,816,853 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,289,908
VIII-1g Noncash contributions (included above)$540,415
VIII-1h Total contributions, gifts and grants$2,289,908
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,500,290$5,500,290
VIII-3 Investment incomeExcluded from tax $12,805$12,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,850$13,850
VIII-12 Total revenueRelated to mission $5,500,290 · Unrelated business $0 · Excluded from tax $26,655$7,816,853
Part IX · Statement of functional expenses $6,298,769 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $368,642 · Management $306,045 · Fundraising $106,842$781,529
IX-7 Other salaries and wagesPrograms $2,815,244 · Management $276,431 · Fundraising $148,618$3,240,293
IX-8 Pension plan contributionsPrograms $22,980 · Management $2,334 · Fundraising $861$26,175
IX-9 Other employee benefitsPrograms $55,987 · Management $6,201 · Fundraising $3,211$65,399
IX-10 Payroll taxesPrograms $213,077 · Management $19,482 · Fundraising $11,670$244,229
IX-11c Accounting feesManagement $141,080$141,080
IX-11g Other fees for servicesPrograms $10,980 · Management $10,359 · Fundraising $120,577$141,916
IX-12 Advertising and promotionPrograms $3,552 · Management $505$4,057
IX-14 Information technologyPrograms $708,220 · Management $7,652 · Fundraising $2,141$718,013
IX-17 TravelPrograms $17,282 · Management $88,527 · Fundraising $13,975$119,784
IX-19 Conferences, conventions and meetingsPrograms $16,710 · Fundraising $1,368$18,078
IX-22 Depreciation, depletion and amortizationPrograms $242,088 · Management $20,365$262,453
IX-23 InsurancePrograms $9,977 · Management $5,144 · Fundraising $636$15,757
IX-24 Other expenses (24a–d)Programs $479,292 · Management $37,431 · Fundraising $3,283$520,006
IX-25 Total functional expensesPrograms $4,964,031 · Management $921,556 · Fundraising $413,182$6,298,769
Part X · Balance sheet $2,534,716 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $142,837$1,115,777
X-3 Pledges and grants receivableStart of year $168,464$238,755
X-4 Accounts receivable$807,143
X-8 Inventories for sale or use$33,838
X-9 Prepaid expenses and deferred charges$70,072
X-10c Land, buildings and equipment, netStart of year $0$269,131
X-16 Total assetsStart of year $311,301$2,534,716
X-17 Accounts payable and accrued expensesStart of year $750$443,637
X-19 Deferred revenue$262,444
X-26 Total liabilitiesStart of year $750$706,081
X-27 Net assets without donor restrictionsStart of year $142,087$1,527,490
X-28 Net assets with donor restrictionsStart of year $168,464$301,145
X-32 Total net assets or fund balancesStart of year $310,551$1,828,635
X-33 Total liabilities and net assetsStart of year $311,301$2,534,716
Part XI · Reconciliation of net assets $1,828,635 net assets at year end
XI-1 Total revenue$7,816,853
XI-2 Total expenses$6,298,769
XI-3 Revenue less expenses$1,518,084
XI-4 Net assets at start of year$310,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,828,635

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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