2020-11-10T12:11:55-06:00 2020-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2019-07-01 760794873 EDVESTORS INC EDVE 6175855740 140 CLARENDON STREET NO 401 BOSTON MA 02116 MARINELL ROUSMANIERE PRESIDENT & CEO 6175855740 2020-11-10 1 KATIE BELANGER CPA P01585213 5083669100 2020-11-10 40.70.31.102 2020-11-10 12:31:53 ES P 67FD54DCEB6CBC14265FA3262D2D1D14C69EA041 2DDD31951ED2AB8CB25029F66ABAED5153B45454 2019 2021-01-29 14:40:06Z MARINELL ROUSMANIERE 140 CLARENDON STREET NO 401 BOSTON MA 02116 2030282 0 X WWW.EDVESTORS.ORG X 2005 MA EDVESTORS IS A DYNAMIC SCHOOL CHANGE ORGANIZATION FOCUSED ON ACCELERATING SUBSTANTIVE IMPROVEMENT IN BOSTON SCHOOLS. 11 11 22 118 0 0 3870766 2020856 0 0 3946 9426 0 0 3874712 2030282 681302 723428 0 0 1679615 1708214 0 0 521982 965109 1077672 3326026 3509314 548686 -1479032 4363476 3399411 453559 968526 3909917 2430885 X 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) 0 0 1049570 369823 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 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. 624731 44000 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. (CONTINUED ON SCHEDULE O)THROUGH ZEROING IN ON MATH, EDVESTORS WORKS WITH 17 BOSTON SCHOOLS AND 160 TEACHERS TO ADDRESS THIS CRISIS; BOOSTING MATH SKILLS FOR 3,700 STUDENTS AND PREPARING THEM TO TAKE ALGEBRA AND OTHER ADVANCED MATH COURSES THAT PAVE THE WAY TO COLLEGE AND CAREER SUCCESS. ZEROING IN ON MATH IS SEEING PROMISING RESULTS; THE PROFICIENCY OF PARTICIPATING STUDENTS HAS MOVED AHEAD BY THREE TO FIVE MONTHS BEYOND THE YEAR OF EXPECTED PROGRESS. 439027 109605 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. 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. 583465 200000 OTHER PROGRAM SERVICES INCLUDES THE SCHOOL ON THE MOVE PRIZE, SCHOOL SOLUTIONS 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 SCHOOL SOLUTIONS SEED FUND, EDVESTORS MAKES SMALL INVESTMENTS IN UP TO 10 PROJECTS EACH WINTER TO PROVIDE SCHOOLS WITH THE OPPORTUNITY TO MOVE QUICKLY TO TEST, PLAN, OR PILOT A SOLUTION TO ONGOING CHALLENGES IMPACTING STUDENT LEARNING. INVESTING IN ON-THE-GROUND SOLUTIONS, IN PARTNERSHIP WITH OUR FUNDERS, IS AN ESSENTIAL PART OF EDVESTORS' APPROACH TO STRATEGIC PHILANTHROPY. 583465 200000 2696793 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MARINELL ROUSMANIERE 6175855740 140 CLARENDON STREET NO 401 BOSTON MA 02116 ANURADHA DESAI SENIOR VP, EXTERNAL RELATIONS 40.00 X 181621 0 21595 MARINELL ROUSMANIERE PRESIDENT & CEO 40.00 X 166957 0 27047 JANET ANDERSON EXECUTIVE VICE PRESIDENT 34.00 X 103991 0 26199 AMY LUSTER VICE PRESIDENT, FINANCE & OPERATIONS 32.00 X 98172 0 2754 KATHERINE GROSS BOARD CHAIR 1.00 X X 0 0 0 FAITH PARKER VICE CHAIR 1.00 X X 0 0 0 KATHERINE S MCHUGH CLERK 1.00 X X 0 0 0 DAVID SIMON TREASURER 1.00 X X 0 0 0 WENDELL KNOX BOARD MEMBER 1.00 X 0 0 0 WILLIAM SCHAWBEL BOARD MEMBER 1.00 X 0 0 0 IAN DEASON BOARD MEMBER (UNTIL 1/2020) 1.00 X 0 0 0 PAM EDDINGER BOARD MEMBER (UNTIL 12/2019) 1.00 X 0 0 0 RUTH ELLEN FITCH BOARD MEMBER 1.00 X 0 0 0 LORENA LOPERA BOARD MEMBER 1.00 X 0 0 0 MYRAN PARKER-BRASS BOARD MEMBER 1.00 X 0 0 0 MATTHEW LESNIAK BOARD MEMBER 1.00 X 0 0 0 JENNIFER LARSON-JOYCE BOARD MEMBER 1.00 X 0 0 0 550741 0 77595 3 0 1 0 0 2020856 18000 2020856 9426 9426 2030282 0 0 9426 X 723428 723428 304636 90819 153271 60546 1132794 751660 52769 328365 24806 16746 1941 6119 141038 86638 23599 30801 104940 58997 21238 24705 89085 81684 2259 5142 423551 388363 10738 24450 11873 9485 893 1495 12756 10662 762 1332 137812 105655 11707 20450 24613 20456 375 3782 58803 48402 7474 2927 18327 14050 1557 2720 PROGRAM SERVICES 272350 272330 20 COMMUNICATION 10771 7360 692 2719 ADMINISTRATIVE 10339 7980 780 1579 MEMBERSHIPS & SUBSCRIPT 7392 2078 484 4830 3509314 2696793 290539 521982 859254 995653 1051205 1691295 2192000 608038 38372 32621 152604 80800 85791 71804 136854 4363476 3399411 247047 219397 191200 453529 295600 15312 0 453559 968526 X 1054279 1110332 2855638 1320553 3909917 2430885 4363476 3399411 -1479032 0 X X 0 1 X 1 0 X 1820812 2656423 3445792 3870766 2020856 13814649 1820812 2656423 3445792 3870766 2020856 13814649 0 520000 550000 1275000 1095000 1235037 4675037 520000 550000 1275000 1095000 1235037 4675037 9139612 1231 1345 1759 3946 9426 17707 1231 1345 1759 3946 9426 17707 1822043 2657768 3447551 3874712 2030282 13832356 0.66070 0.70990 0.00130 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69382 39419 29963 76494 34653 41841 6728 6728 0 71804 X 2030282 0 2030282 0 2030282 3509314 0 3509314 0 3509314 PART X, LINE 2: EDVESTORS ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EDVESTORS HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2020 AND 2019. EDVESTORS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 0 BOSTON EDUCATIONAL DEVELOPMENT FUND 7 PALMER STREET BOSTON MA 02119 222514422 10000 CAREER PATHWAYS FOCAL GRANT TO JEREMIAH E. BURKE HIGH SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FUND 7 PALMER STREET BOSTON MA 02119 222514422 10000 CAREER PATHWAYS FOCAL GRANT TO TECHBOSTON ACADEMY BOSTON EDUCATIONAL DEVELOPMENT FUND 7 PALMER STREET BOSTON MA 02119 222514422 10000 CAREER PATHWAYS PLANNING GRANT TO EAST BOSTON HIGH SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FUND 7 PALMER STREET BOSTON MA 02119 222514422 9950 CAREER PATHWAY IDEAL GRANT TO EAST BOSTON HIGH SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FUND- MCKINLEY STUDENT ACTIVITY ACCOUNT 7 PALMER STREET BOSTON MA 02119 222514422 10000 CAREER PATHWAYS FOCAL GRANT TO MCKINLEY PREP HIGH SCHOOL BOSTON GREEN ACADEMY FOUNDATION 20 WARREN STREET BRIGHTON MA 02135 464779019 6205 CAREER PATHWAY FOCAL GRANT TO BOSTON GREEN ACADEMY MARGARITA MUNIZ ACADEMY FOUNDATION 20 CHILD STREET JAMAICA PLAIN MA 02130 800827704 10000 CAREER PATHWAY FOCAL GRANT TO MARGARITA MUNIZ ACADEMY THE PREPARATORY FOUNDATION INC 885 RIVER STREET BOSTON MA 02136 113690799 6500 CAREER PATHWAY FOCAL GRANT TO YOUNG MAN WITH A PLAN BRIGHTER BOSTON 115 ELIOT STREET CHESTNUT HILL MA 02467 464849043 7450 CAREER PATHWAY IDEAL GRANT TO BRIGHTER BOSTON FENWAY HIGH SCHOOL FUND 67 ALLEGHANY STREET BOSTON MA 02120 046719813 9500 CAREER PATHWAY IDEAL GRANT TO FENWAY HIGH SCHOOL CITY AS A LAB LLC 22 ORCHARD STREET BOSTON MA 02130 001443035 10000 CAREER PATHWAY IDEAL GRANT TO CITY AS A LAB LLC BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 BPS OFFICE OF STUDENT, FAMILY, AND COMMUNITY ADVANCEMENT- YOUTH EMPOWERED LEARNING, SEED FUND LEARNING GRANT 2020 BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 CHARLES SUMNER ELEMENTARY SCHOOL- READING WITH RELEVANCY, SEED FUND LEARNING GRANT 2020 BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 KEYSTEPS & CHARLESTOWN HIGH SCHOOL- ADDRESSING HOMELESSNESS THROUGH PROJECT-BASED LEARNING, SEED FUND LEARNING GRANT 2020 BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 PATRICK J. KENNEDY ELEMENTARY SCHOOL- INCLUSIVE, CO-TEACHING MODEL FOR ENGLISH LANGUAGE LEARNERS, SEED FUND LEARNING GRANT 2020 BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 DR. MARTIN LUTHER KING JR. K-8 SCHOOL- INCLUSIVE EARLY CHILDHOOD, SEED FUND LEARNING GRANT FRIENDS OF ST STEPHEN'S YOUTH PROGRAMS 419 SHAWMUT AVENUE BOSTON MA 02118 261749602 10000 ST. STEPHEN'S YOUTH PROGRAMS- PARENT MENTOR PROGRAM, SEED FUND LEARNING GRANT 2020 CODMAN ACADEMY CHARTER PUBLIC SCHOOL 637 WASHINGTON STREET DORCHESTER MA 02124 043559945 10000 CODMAN ACADEMY CHARTER SCHOOL, ST. JOHN PAUL II CATHOLIC ACADEMY, AND DR. MARTIN LUTHER KING JR. K-8 SCHOOL: CLSP & ACADEMIC RIGOR CROSS-SCHOOL PROFESSIONAL DEVELOPMENT, SEED FUND LEARNING GRANT 2020 FRIENDS OF THE WILLIAM E CARTER SCHOOL 396 NORTHAMPTON STREET BOSTON MA 02118 141921428 10000 WILLIAM E. CARTER SCHOOL- PARENT & STAFF LEARNING WITH AUGMENTATIVE COMMUNICATION SYSTEMS, SEED FUND LEARNING GRANT 2020 FRIENDS OF BIG PICTURE LEARNING 325 PUBLIC STREET PROVIDENCE RI 02905 824137739 10000 GREATER EGLESTON HIGH SCHOOL, EDCO, & BOSTON DAY AND EVENING ACADEMY- PIG PICTURE LEARNING, SEED FUND LEARNING GRANT 2020 CENTER FOR COLLABORATIVE EDUCATION 33 HARRISON AVENUE BOSTON MA 02111 043241676 10000 DIGITAL READY & EXCEL HIGH SCHOOL- DIGITAL BADGES, SEED FUND LEARNING GRANT 2020 THE FRIENDS OF THE BRADLEY SCHOOL INC 110 BEACHVIEW ROAD EAST BOSTON MA 02128 815423491 10000 SOM FINALIST 2019: MANASSAH E. BRADLEY ELEMENTARY SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 10000 SOM FINALIST 2019: THOMAS J. KENNY ELEMENTARY SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 80000 SOM WINNER 2018: DONALD MCKAY K-8 SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 80000 SOM WINNER 2019: HARVARD KENT ELEMENTARY SCHOOL BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 8180 2000 MATH INTERVENTION TECHNOLOGY DR. WILLIAM W. HENDERSON INCLUSION SCHOOL - ZIOM TECHNOLOGY INTERVENTION GRANT - MOBYMAX BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 7211 MATH INTERVENTION TECHNOLOGY FRANKLIN D. ROOSEVELT K-8 SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT- IREADY BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 12130 MATH INTERVENTION TECHNOLOGY JOSEPH LEE K-8 SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT - IREADY BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 5318 MATH INTERVENTION TECHNOLOGY DONALD MCKAY K-8 SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT - ST MATH BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION 7 PALMER STREET BOSTON MA 02119 222514422 6495 MATH INTERVENTION TECHNOLOGY MILDRED AVENUE MIDDLE SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT - MOBY MAX BRIDGE BOSTON FOUNDATION INC 435 WARREN STREET ROXBURY MA 02119 275256986 6116 MATH INTERVENTION TECHNOLOGY BRIDGE BOSTON CHARTER SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT- ST MATH FRIENDS OF THE PERRY 745 E SEVENTH STREET SOUTH BOSTON MA 02127 823025265 6045 MATH INTERVENTION TECHNOLOGY OLIVER HAZARD PERRY ELEMENTARY SCHOOL- ZIOM TECHNOLOGY INTERVENTION GRANT- ST MATH AND REFLEX 15 FORM 990, PART IX, LINE 1: EDVESTORS MONITORS THE USE OF GRANTS IN DIFFERENT WAYS FOR EACH PROGRAM AREA. FOR SEED FUND LEARNING GRANTS, RECIPIENTS SUBMIT A PROJECT-END REPORT IN MAY. FOR ONE-YEAR GRANTS THROUGH THE BPS ARTS EXPANSION, A PRELIMINARY REPORT IS DUE IN NOVEMBER AND A FINAL REPORT DUE IN JUNE. FOR TWO-YEAR GRANTS THROUGH THE BPS ARTS EXPANSION, A PRELIMINARY REPORT IS DUE IN JUNE AND A FINAL REPORT DUE THE FOLLOWING JUNE. FOR ANY ARTS GRANT, MONITORING MAY ALSO INCLUDE SITE VISITS BY DONORS AND EDVESTORS STAFF MEMBER. ONE-YEAR ZEROING-IN-ON-MATH AND CAREER TECHNOLOGY & EDUCATION GRANT RECIPIENTS RECEIVE ONGOING SUPPORT AND SUBMIT A YEAR-END REPORT IN JUNE. X X X 0 0 0 0 0 0 0 0 0 ANURADHA DESAI SENIOR VP, EXTERNAL RELATIONS 181621 0 0 0 0 0 4733 0 16862 0 203216 0 0 0 MARINELL ROUSMANIERE PRESIDENT & CEO 166957 0 0 0 0 0 3205 0 23842 0 194004 0 0 0 PART I, LINE 3 THE PROCESS FOR DETERMINING COMPENSATION FOR TOP ORGANIZATION POSITIONS, INCLUDING CEO AND OTHER KEY EMPLOYEES IS AS FOLLOWS: (A) ANNUAL PERFORMANCE AND SALARY/COMPENSATION REVIEW BY CEO FOR TOP MANAGEMENT AND KEY EMPLOYEES AND BY THE GOVERNING BOARD EXECUTIVE COMMITTEE FOR CEO WITH FINAL APPROVAL BY FULL GOVERNING BOARD, AT RECOMMENDATION OF EXECUTIVE COMMITTEE, AS PART OF THE ORGANIZATION'S ANNUAL BUDGET APPROVAL PROCESS. (B) COMPARABILITY DATA IS GATHERED TO INFORM RECOMMENDED SALARY LEVELS FOR ALL NEWLY CREATED MANAGEMENT AND KEY EMPLOYEE POSITIONS. (C) EDVESTORS MANAGEMENT WILL INSTITUTE A SALARY COMPENSATION REVIEW EVERY 2 3 YEARS (OR FIND COMPARABLE EXISTING REPORT FROM EXTERNAL SOURCE) FOR CURRENT KEY EMPLOYEE POSITIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EDVESTORS' MISSION IS TO INCREASE THE NUMBER OF PUBLIC SCHOOLS IN BOSTON DELIVERING DRAMATICALLY IMPROVED EDUCATIONAL OUTCOMES FOR ALL STUDENTS. THE ORGANIZATION USES MULTIPLE STRATEGIES TO CLOSE OPPORTUNITY AND ACHIEVEMENT GAPS AND DRIVE POSITIVE CHANGE FOR BOSTON STUDENTS. SINCE 2002, THE ORGANIZATION HAS RAISED AND DIRECTED $35 MILLION IN FUNDS TOWARD SCHOOL IMPROVEMENT. EDVESTORS USES STRATEGIC PHILANTHROPY AND COMBINES IT WITH EDUCATIONAL EXPERTISE AND IMPLEMENTATION SUPPORTS TO HELP SCHOOLS IMPROVE. THE ORGANIZATION IS A VALUED RESOURCE FOR DONORS SUPPORTIVE OF SCHOOL IMPROVEMENT AND A TRUSTED RESOURCE FOR EDUCATORS COMMITTED TO SYSTEMIC CHANGE. EDVESTORS WORKS IN THREE WAYS TO: - SEEDS PROMISING IDEAS. THE SCHOOL SOLUTIONS SEED FUND MAKES DIRECT GRANTS TO SCHOOLS SO THEY CAN PILOT AND TEST INNOVATIVE SOLUTIONS. - SHINES A SPOTLIGHT ON IMPROVING SCHOOLS THROUGH THE ANNUAL $100,000 SCHOOL ON THE MOVE PRIZE, WHICH REWARDS SCHOOLS THAT HAVE MADE MAJOR STRIDES IN IMPROVING ACADEMIC PERFORMANCE AND DOCUMENTS THEIR EFFECTIVE PRACTICES. - SCALES EFFORTS TO CLOSE OPPORTUNITY AND ACHIEVEMENT GAPS THROUGH OUR THREE CURRENT STRATEGIC INITIATIVES IN ARTS EDUCATION, MIDDLE GRADES MATH, AND CAREER PATHWAYS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL HAVE THE OPPORTUNITY TO REVIEW THE FORM 990. THE FORM 990 WILL THEN BE SHARED WITH ALL MEMBERS OF THE GOVERNING BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C GOVERNING BOARD OFFICERS AND MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. A CONFLICT OF INTEREST FORM WILL BE UPDATED BY EACH BOARD MEMBER AND SUBMITTED TO EDVESTORS MANAGEMENT, IN ADVANCE OF THE ANNUAL MEETING EACH SEPTEMBER AND THROUGHOUT THE YEAR AS NEW MEMBERS JOIN THE GOVERNING BOARD. MEMBERS ARE REQUIRED TO INFORM THE BOARD CHAIR OF ANY POTENTIAL CONFLICTS AND NEED TO RECUSE THEMSELVES FROM VOTING ON ANY ACTION ITEMS FOR WHICH THEY HAVE A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR TOP ORGANIZATION POSITIONS, INCLUDING CEO AND OTHER KEY EMPLOYEES IS AS FOLLOWS: (A) ANNUAL PERFORMANCE AND SALARY/COMPENSATION REVIEW BY CEO FOR TOP MANAGEMENT AND KEY EMPLOYEES AND BY THE GOVERNING BOARD EXECUTIVE COMMITTEE FOR CEO WITH FINAL APPROVAL BY FULL GOVERNING BOARD, AT RECOMMENDATION OF EXECUTIVE COMMITTEE, AS PART OF THE ORGANIZATION'S ANNUAL BUDGET APPROVAL PROCESS. (B) COMPARABILITY DATA IS GATHERED TO INFORM RECOMMENDED SALARY LEVELS FOR ALL NEWLY CREATED MANAGEMENT AND KEY EMPLOYEE POSITIONS. (C) EDVESTORS MANAGEMENT WILL INSTITUTE A SALARY COMPENSATION REVIEW EVERY 2-3 YEARS (OR FIND COMPARABLE EXISTING REPORT FROM EXTERNAL SOURCE) FOR CURRENT KEY EMPLOYEE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 EDVESTORS MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. IN ADDITION, ANNUAL FINANCIAL STATEMENTS ARE FILED WITH THE MASSACHUSETTS DIVISION OF CHARITIES AND ARE AVAILABLE FOR PUBLIC VIEWING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 388,363. MANAGEMENT AND GENERAL EXPENSES 10,738. FUNDRAISING EXPENSES 24,450. TOTAL EXPENSES 423,551. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. NO CHANGES HAVE BEEN MADE TO THIS PROCESS FROM THE PRIOR YEARS. FORM 990, PART 1, LINE 19: BALANCE OF ORGANIZATION EXPENSES ARE COVERED BY MULTI-YEAR PLEDGES RECEIVED IN PRIOR FISCAL YEARS.