EIN 76-0794873

EdVestors

IRS 501(c) type
501(c)(3)
Num. employees
30
City
Year formed
2005
Most recent tax filings
2024-06-01
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
$4,636,578
2024
Total expenses
$6,042,236
2024
Total assets
$9,073,275
2024
Num. employees
30
2024

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 increase the number of boston students who progress through career pathways that are engaging and relevant, address community needs, and prepare young people to enter meaningful careers. 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, cross-sector effort to improve systems and eliminate structural barriers to make quality career pathways accessible to more students in boston.
Edvestors' mathematics program (also known as zeroing in on math) has a goal of improving the mathematics educational experiences and outcomes of students in boston public schools, with a specific aim of advancing 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, 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 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 investments in a cohort of schools 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
Boston Educational Development Foundation (BEDF)Som Prize Winner - East Boston High School$80,000
The Eliot SchoolR16 1-year: Eliot - English, Grew, Egleston, Haynes, Elison, Burke$46,000
Apprentice LearningGates Social Capital Initiative$30,000
...and 63 more grants made totalling $801,380

Who funds EdVestors

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bloomberg PhilanthropiesArts Internship Program in Boston$767,000
Popplestone FoundationMusic Education - Support Music Program of Boston Public Schools Arts Expansion$550,000
Klarman Family FoundationMassachusetts Community Grants: To Support the BPS Arts Expansion Initiative for Fiscal Years 2024, 2025, and 2026, and in Honor of Edvestors' 20th Anniversary$350,000
...and 28 more grants received totalling $3,275,400

Personnel at EdVestors

NameTitleCompensation
Marinell RousmanierePresident and Chief Executive Officer$191,477
Justine BeatonVice President , Chief of Staff$110,138
Francisco MarriottVice President , Finance and Operations$113,054
Anuradha DesaiSenior Vice President , External Affairs$186,311
Lorena LoperaVice President , Advancement and External Relations$0
...and 12 more key personnel

Financials for EdVestors

RevenuesFYE 06/2024
Total grants, contributions, etc.$4,439,846
Program services$0
Investment income and dividends$196,732
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$4,636,578

Form 990s for EdVestors

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-30990View PDF
2023-062023-10-23990View PDF
2022-062023-03-27990View PDF
2021-062022-01-10990View PDF
2020-062021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 5, 2025
Received grants
Identified 5 new grant, including a grant for $767,000 from Bloomberg Philanthropies
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2024
November 26, 2024
Updated personnel
Identified 5 new personnel
November 1, 2024
Updated personnel
Identified 1 new personnel
October 19, 2024
Received grants
Identified 2 new grant, including a grant for $75,000 from William E Schrafft and Bertha E Schrafft Charitable Trust
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
142 Berkeley St 410
Boston, MA 02116
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
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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