Nonprofit · EIN 76-0794873
EDVESTORS INC
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,289,177 | $5,915,852 | -$2,626,675 | $6,594,643 | $2,527,529 | $4,067,114 |
| June 30, 2024 | 990 | $4,636,578 | $6,042,236 | -$1,405,658 | $9,073,275 | $2,376,154 | $6,697,121 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,138,502
- of which government grants
- $66,000
- Program service revenue
- $0
- Investment income
- $150,675
- Net gain from sales of assets
- $5,004
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $817,068
- Compensation of officers, directors and key employees
- $367,658
- Other salaries and wages
- $1,469,112
- Salaries, compensation and benefits (total)
- $2,174,014
- Professional fundraising fees
- $0
- Accounting fees
- $127,261
- Occupancy
- $204,376
- Travel
- $33,426
- Depreciation
- $9,588
- Program services (functional)
- $5,035,806
- Management and general (functional)
- $331,293
- Fundraising (functional)
- $548,753
Balance sheet and other
- Total assets, start of year
- $9,073,275
- Total assets, end of year
- $6,594,643
- Total liabilities, end of year
- $2,527,529
- Net assets, end of year
- $4,067,114
- Land, buildings and equipment
- $30,754
- Net assets without donor restrictions
- $1,263,115
- Net assets with donor restrictions
- $2,803,999
- Gross receipts
- $3,289,177
- Employees
- 29
- Volunteers
- 76
- Year formed
- 2005
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARINELL ROUSMANIERE | PRESIDENT & CEO Officer | 40 | $198,049 | $30,776 |
| RUTH MERCADO-ZIZZO | VP PROGRAMS & EQUITY Highest-paid employee | 40 | $128,357 | $28,147 |
| LORENA LOPERA | VP ADVANCEMENT & EXTERNAL RELATIONS Highest-paid employee | 40 | $145,669 | $5,773 |
| JUSTINE BEATON | VP CHIEF OF STAFF Highest-paid employee | 40 | $118,434 | $12,805 |
| FRANCISCO MARRIOTT | VP FINANCE & OPS. Officer | 40 | $120,554 | $4,638 |
| HEATHER JOHNSON | VP PROGRAMS Highest-paid employee | 40 | $109,666 | $13,232 |
| LAVONIA MONTOUTE | SENIOR DIRECTOR Highest-paid employee | 40 | $107,310 | $10,780 |
| MYRAN PARKER-BRASS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER LARSON-JOYCE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ABRA FRANCOIS | CLERK( AS OF 10/24) Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE S MCHUGH | CLERK (UNTIL 10/24) Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SIMON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE GROSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FAITH PARKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEAN-PHILLIP BRIGNOL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE LETTS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON CARDET-HERNANDEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT ZACCARDI | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW LESNIAK | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODIE KNOWLTON | BOARD MEMBER Trustee or director | 1 | $0 |
| DR MARIA LUISA PARRA-VELASCO | BOARD MEMBER (UNTIL 9/24) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARINELL ROUSMANIERE | PRESIDENT & CEO Officer | 40 | $191,477 | $31,177 |
| HEATHER JOHNSON | VP PROGRAMS, STRATEGY & IMPACT Highest-paid employee | 40 | $139,962 | $22,212 |
| RUTH MERCADO-ZIZZO | VP PROGRAMS & EQUITY Highest-paid employee | 40 | $122,957 | $26,990 |
| JUSTINE BEATON | VP CHIEF OF STAFF Highest-paid employee | 40 | $110,138 | $12,205 |
| FRANCISCO MARRIOTT | VP FINANCE & OPS. Officer | 40 | $113,054 | $4,522 |
| LAVONIA MONTOUTE | SR. DIRECTOR CAREER PATHWAYS Highest-paid employee | 40 | $101,794 | $12,378 |
| MYRAN PARKER-BRASS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER LARSON-JOYCE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE S MCHUGH | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SIMON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE GROSS | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| FAITH PARKER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM SCHAWBEL | BOARD MEMBER (UNTIL 5/2024) Trustee or director | 1 | $0 | $0 |
| JEAN-PHILLIP BRIGNOL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE LETTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR MARIA LUISA PARRA-VELASCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON CARDET-HERNANDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT ZACCARDI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW LESNIAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ABRA FRANCOIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELODIE KNOWLTON | BOARD MEMBER (AS OF 5/2024) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 142 BERKELEY ST STE 410, BOSTON, MA 02116-5395
- In care of
- % MARINELL ROUSMANIERRE
- Principal officer (990 for 2024)
- MARINELL ROUSMANIERE, 142 BERKELEY STREET 410, BOSTON, MA 02116
- Signed the 990
- MARINELL ROUSMANIERE, PRESIDENT & CEO
- Phone
- (617) 585-5740
- Website
- WWW.EDVESTORS.ORG
- Return prepared by
- AAFCPAS INC
Mission
EDVESTORS WAS FOUNDED IN 2002 AS A PLATFORM TO CONNECT BOSTON PHILANTHROPISTS WITH THE CITY'S PUBLIC SCHOOLS BY IDENTIFYING, SHAPING, AND MATCHING DONORS WITH PROMISING SCHOOL IMPROVEMENT EFFORTS. (SEE SCHEDULE O)
Program accomplishments
- 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.Expenses $2,225,336 · grants $508,400
- 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.Expenses $325,335 · grants $60,500
- 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.Expenses $1,663,264 · grants $93,000
- 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 SUPPORTS 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 IN COMPLIANCE WITH FEDERAL AND STATE LAW.Expenses $821,871 · grants $155,168
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0794873
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $6,594,643
- Income (IRS master file)
- $3,289,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,289,177 | $5,915,852 | $6,594,643 | IRS |
| 990 | June 2024 | $4,636,578 | $6,042,236 | $9,073,275 | XML |
| 990 | June 2023 | $7,126,706 | $5,831,581 | $10,853,706 | IRS |
| 990 | June 2022 | $6,626,116 | $4,802,725 | $7,547,722 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0794873).
Questions about EDVESTORS INC
- What is the EIN of EDVESTORS INC?
- The employer identification number (EIN) of EDVESTORS INC is 76-0794873.
- Is EDVESTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to EDVESTORS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDVESTORS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EDVESTORS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDVESTORS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EDVESTORS INC?
- The 990 for the year ended June 30, 2025 names MARINELL ROUSMANIERE.
- Who are the officers and directors of EDVESTORS INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 7 received compensation from the organization, the highest $198,049 (MARINELL ROUSMANIERE, PRESIDENT & CEO).
- How much revenue does EDVESTORS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,289,177, expenses of $5,915,852 and total assets of $6,594,643 at year end.
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