Program areas at Inversant
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. Working with community partners, the organization provides knowledge, resources, connections, and financial incentives that empower parents to propel their children into higher education. The organization's objective is to bring underserved parents into the equation, teaching them what they need to know so they can support their children's higher education ambitions.the organization approaches its work along two tracks. First, the organization presents college access training to low-income families, offering them financial and other incentives to attend the workshops and to save toward higher education. Second, the organization works toward a systemic change in the public scholarship structure so that it is used to motivate parents to engage with their children's education and encourage them to invest their own time and effort toward educational achievement. The organization sees both tracks as instruments to reform education toward greater inclusion. The organization requires families to invest their own savings and participation, in return for which the organization provides college access knowledge, financial literacy, advocacy skills, and tuition seed money.
Who funds Inversant
Grants from foundations and other nonprofits
Personnel at Inversant
Name | Title | Compensation | Date of data |
---|
Peter Barros | Chief Executive Officer | | 2023-11-17 |
Heidi Hancock | Past Chief Executive Officer / Director of Advancement / Board Member | $150,673 | 2022-02-09 |
Judy Bowe | Past Interim Chief Executive Officer | | 2022-10-12 |
Charles Desmond | Chair / Chief Executive Officer | $0 | 2022-12-31 |
Benjamin Hildreth | Treasurer and Clerk / Director | $0 | 2022-12-31 |
...and 2 more key personnel |
Financials for Inversant
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $485,107 | $885,465 | -45.2% |
Program services | $0 | $0 | - |
Investment income and dividends | $10 | $65 | -84.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $14,033 | $191,675 | -92.7% |
Total revenues | $499,150 | $1,077,205 | -53.7% |
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Data update history
December 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Updated personnel
Identified 2 new personnel
December 24, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsEducational service providersFamily service centersCharities
Issues
EducationHuman servicesChildrenPublic policy
Characteristics
Operates donor advised fundsProvides scholarshipsTax deductible donations
General information
- Address
- 120 Munroe St
- Lynn, MA 01901
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Essex County, MA
- Website URL
- inversant.org/Â
- Phone
- (617) 423-0331
IRS details
- EIN
- 27-1462229
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2009
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B90: Educational Services
- NAICS code, primary
- 624190: Individual and Family Services
- Parent/child status
- Independent
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