2017-11-10T09:11:02-06:00 2017-06-30 BDO USA LLP TWO INTERNATIONAL PLACE BOSTON MA 02110 990 2016-07-01 760794873 EdVestors Incorporated % LAURA PERILLE EDVE 6175855740 140 Clarendon Street Suite 401 Boston MA 02116 LAURA PERILLE CEO & President 6175855740 2017-11-15 true Brian Vigneault P00540650 6174220700 162.249.80.3 04123920173145000003 2017-11-10 P 6CCC3C025DBC962C57DC39F77614343EB29704E0 BBC3B4FE2B4BE7D467FE8DB8FE274F6332A7211F 2016 2017-02-10 21:41:12Z LAURA PERILLE 140 Clarendon Street Suite 401 Boston MA 02116 3757768 false X www.edvestors.org X 2005 MA EdVestors is a dynamic school change organization focused on accelerating substantive improvement in urban schools. 11 11 20 130 0 3320812 3756423 0 0 1231 1345 0 0 3322043 3757768 1135414 1030100 0 0 1253416 1325254 0 0 461950 1166987 876856 3555817 3232210 -233774 525558 3703083 3880414 1005991 657764 2697092 3222650 X EdVestors' mission is to increase the number of schools in Boston delivering dramatically improved educational outcomes for all students. Since 2002, the entreprenurial non-profit has raised and directed more than $26 million in private donations to urban schools false false 1218488 616000 890978 Arts Expansion Initiative - a multi-year collaborative effort to expand arts education within Boston Public Schools by providing equitable access to quality arts learning experiences for all students. See schedule O NOTE: Balance of expenses covered by multi-year grant received in prior year. 432075 112100 379100 Zeroing in on Math - sets out to dramatically increase student achievement in middle grades math across Boston to ensure more students are prepared for rigorous high school academics and success in college and career. See Schedule O NOTE: Balance of expenses covered by general operating revenue of the organization. 337739 162000 93495 School Solutions Seed Fund & School-Based Investments. The Seed Fund is a nimble investment pipeline for educators to receive support for problem-solving, experimentation and innovation in their schools. See schedule O NOTE: Balance of expenses covered by general operating revenue of the organization. 491758 140000 640706 2480060 true true false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 36 0 true 20 true false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false MA X X LAURA PERILLE 6175855740 140 CLARENDON STREET SUITE 401 Boston MA 02116 Wendell Knox Board Chair 1.0 0.0 X X 0 0 0 David Simon Board Treasurer 1.0 0.0 X X 0 0 0 Katherine S McHugh Board Vice Chair & Clerk 1.0 0.0 X X 0 0 0 William Schawbel Board Member 1.0 0.0 X 0 0 0 Hardin Coleman Board Member 1.0 0.0 X 0 0 0 Ian Deason Board Member 1.0 0.0 X 0 0 0 Ruth Ellen Fitch Board Member 1.0 0.0 X 0 0 0 Katherine Gross Board Member 1.0 0.0 X 0 0 0 Faith Parker Board Member 1.0 0.0 X 0 0 0 Ed Orazem Board Member 1.0 0.0 X 0 0 0 Pam Eddinger Board member 1.0 0.0 X 0 0 0 Laura Perille President and CEO 40.0 0.0 X 164633 0 4996 Janet Anderson Executive Vice President 28.0 0.0 X 85175 0 21675 Amy Mullen Luster v.p. finance & operations 32.0 0.0 X 83360 0 2572 Anuradha Desai Senior VP - External 40.0 0.0 X 162599 0 19037 Marinell Rousmaniere Senior Vice President 32.0 0.0 X 89413 0 22204 585180 0 70484 2 false true false 0 3756423 3756423 0 1345 1345 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3757768 1345 1030100 1030100 0 0 0 276479 154082 68014 54383 0 809082 409790 126547 272745 29487 15113 6456 7918 132106 86453 20190 25463 78100 37912 19440 20748 0 0 65483 51758 5618 8107 0 0 0 166305 118132 9974 38199 0 8052 5980 683 1389 20235 15560 1912 2763 0 110547 84973 10482 15092 3107 2405 375 327 0 68610 56480 5534 6596 0 0 17544 13485 1664 2395 0 Program Services 377871 377871 PRINTING AND REPRODUCTION 13397 7102 3943 2352 Communications 10713 7454 796 2463 ADMINISTRATIVE 8606 75 8220 311 6386 5335 352 699 3232210 2480060 290200 461950 918082 1076263 1065819 1230862 1268000 1376000 0 0 0 0 0 0 0 0 0 0 19278 29964 144049 26583 135010 117466 0 0 0 0 0 0 0 0 296894 49859 3703083 3880414 42851 32739 387258 338035 0 0 0 0 0 0 0 0 0 0 0 0 575882 286990 1005991 657764 X 919270 1086610 1777822 2136040 0 0 2697092 3222650 3703083 3880414 525558 X X false true X true false X 1898228 2250258 2295971 1820812 2656423 10921692 0 0 0 0 1898228 2250258 2295971 1820812 2656423 10921692 450000 585000 640000 520000 550000 2745000 0 450000 585000 640000 520000 550000 2745000 8176692 1882 1225 2402 1231 1345 8085 0 1882 1225 2402 1231 1345 8085 0 0 1900110 2251483 2298373 1822043 2657768 10929777 0.74811 0.74060 0.00074 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65167 1552 63615 78882 25031 53851 117466 0 ACCRUED EXPENSES 71747 FUNDS HELD FOR THE BENEFIT OF OTHERS 215243 286990 X 3764435 6667 6667 3757768 3757768 3238877 6667 6667 3232210 3232210 Sch D, Part X, Line 2: Under ASC 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained under examination by a taxing authority. The Organization does not believe it has taken any material uncertain tax positions, and, accordingly, it has not recorded any liability for unrecognized tax benefits. The Organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the Organization has filed IRS form 990 informationreturns, as required, and all other applicable returns in jurisdictions where so required. For the years ended June 30, 2017 and 2016, there were no interest or penalties recorded or included in the statements of activities. true Action for Boston Community Dev 11 Charles Street Boston MA 02135 042304133 50000 n/a Dorchester Academy: Restorative Practices Implementation, School Solutions Seed Fund Expansion Grant 2016 Actor's Shakespeare Project 191 Highland Avenue Somerville MA 02143 200815685 33000 n/a Actors' Shakespeare Project - BDEA, BINCA, Brighton High. To expand arts education for school children in Boston Public Schools, Round 9 2017-2018. BalletRox 45 Danforth Street Jamaica Plain MA 02130 043140205 18000 n/a BalletRox-Curley, Hennigan, Mather. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Collegiate Charter School fOUNDATION 11 Mayhew Street Dorchester MA 02125 061503911 10000 n/a Video Analysis to Strengthen Instruction, Seed Fund Learning Grant 2017 Boston Collegiate Charter School Foundation 11 Mayhew Street Dorchester MA 02125 061503911 6885 n/a Math Intervention - Reflex/Front Row (2016) Zeroing in on Math 2016. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 10000 n/a BPS Experience Lab - Blended Learning Implementation Blueprint, Seed Fund Learning Grant 2017 Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 30000 n/a Bates and Haley Social Thinking Approach, School Solutions Seed Fund Expansion Grant 2016. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 15000 n/a English High School: Career Pathways, School Solutions Seed Fund Expansion Grant 2016 Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 13000 n/a Charlestown HS - Adam Calus. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 9000 n/a Edison K8 - Amelia Gossett. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 11000 n/a Excel High School - Room 13 Boston. To expand arts education for school children in Boston Public Schools. ROund 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 10000 n/a Lee Academy Pilot - Cheryl Robinson. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 13000 n/a Making Music Mattress! - Multiple. To expand arts education for school children in Boston PUblic Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 13000 n/a Mario Umana Academy - Mario Molteni, Veronica Robles. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 8000 n/a Warren-Prescott K-8 School - Boston Conservatory. To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 5000 7695 Math Intervention Gardner Pilot Math Intervention - TenMarks (2016) Zeroing in on Math 2016. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 3000 2845 Math Intervention McKay K-8 Math Intervention - DTMN and TenMarks (2016) Zeroing in on Math 2016. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 300 8100 Math Intervention Mildred Ave K-8 Math Intervention - TenMarks/ST Math (2016) Zeroing in on Math 2016 Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 1000 6320 Math Intervention Warren-Prescott Math Intervention - ST Math and TenMarks (2016) Zeroing in on Math 2016 Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 6400 9190 Math Intervention Perry K8 Math Intervention - TenMarks and Reflex (2016 + Summer Pilot + 2017) Zeroing in on Math 2016/2017. Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 10000 n/a Joseph Manning Elementary - School on the Move 2016 Finalist Boston Educational Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 80000 n/a Bates Elementary - School on the Move 2016 Winner Boston Education Development Foundation 2300 Washington Street 5th Floor Boston MA 02125 222514422 35000 n/a English High Stream Pathfinders and Mobile Tech Boston Green Academy Foundation 20 Warren St Brighton MA 02135 464779019 2000 11730 Math Intervention Boston Green Academy Math Intervention - ST Math and Reflex (2016 & 2017) zeroing in on Math 2016/2017. Boston Lyric Opera 11 Ave de Lafayette Boston MA 02111 042469627 9000 n/a Jackson Mann, Lee K8, Winship Elementary. To expand arts education for school children in Boston PUblic Schools 8 2016-2017. Boston Youth Symphony Orchestra 855 Commonwealth Avenue Boston MA 02215 042790069 12000 n/a To expand arts education for school children in Boston Public Schools. Round 8 2016-2017. BPE 27-43 Wormwood St 110 Boston MA 02210 222667403 1800 3920 Math Intervention Dearborn STEM Math Intervention - ST (2016) Zeroing in on Math 2016. Bridge Boston Foundation 435 Warren Street Roxbury MA 02119 275256986 10000 n/a Bridge Boston Charter School, Seed Fund Learning Grant 2017 Center for Collaborative Education 33 Harrison Ave Boston MA 02111 043241676 10000 n/a BINCA - Personalized Learning in Math, Seed Fund Learning Grant 2017. City Stage 539 Tremont St Boston MA 02116 510147180 17000 n/a To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Codman Academy Foundation 637 Washington St Dorchester MA 02124 043559945 10000 n/a Codman & Hurley - Younger Siblings Project, Seed Fund Learning Grant 2017. College Bound Dorchester 18 Samorset St Dorchester MA 02124 042383512 10000 n/a College Bound Middle School: Collaborative Problem Solving with Think:Kids, Seed Fund Learning Grant 2017 Company One 539 Tremont St Boston MA 02116 043444644 35000 n/a Company One - Multiple. To expand arts education for school children in Boston Public Schools. Round 9 2016-2017. Conservatory Lab Charter School 2120 Dorchester Ave Boston MA 02124 043443578 6300 Math Intervention ST Math (2016) Zeroing in on Math 2016 Edison K8 School 60 Glenmont Rd Brighton MA 02135 222514422 12000 Math intervention Edison Math Intervention - ST Math (2016) Zeroing in on Math 2016 Eliot School of Fine & Applied Arts 24 Eliot St Jamaica Plain MA 02130 042173050 12000 n/a Eliot School PD Grant. To expand arts education for school children in Boston Publc Schools. Eliot School of Fine and Applied Arts 24 Eliot St Jamaica Plain MA 02130 042173050 45000 n/a To expand arts education for school children in Boston Public Schools. Round 9 2017-2018. Fenway High School 67 Alleghany St Boston MA 02120 046719813 21000 n/a To expand arts education for school children in Boston Public Schools. Frederick Pilot Middle School 270 Columbia Rd Boston MA 02121 222514422 12100 Math Intervention ST Math/TenMarks Handel and Hayden Society 9 Harcourt St Boston MA 02116 042126598 10000 n/a Handel and Hayden Society - Sarah Greenwood School, Perkins Elementary. To expand arts education for school children in Boston Public Schools. Round 8 2016-2017. Huntington Theatre Company 264 Huntington Ave Boston MA 02115 222659560 32000 n/a Huntington Theatre Company - Cultiple. To expand arts education for school children in Boston Public Schools. Hyde Square Task Force 30 Sunnyside St Jamaica Plain MA 02130 043118543 59000 n/a Hyde Square Task FOrce - JFK Elementary, Hennigan Elementary, BCLA, BINCA. To expand arts education for school children in Boston Public Schools. Josiah Quincy Orchestra Program 885 Washington Street Boston MA 02111 474232704 8000 n/a To expand arts education for school children in Boston Public Schools. Mass LEAP 549 Columbus Avenue Boston MA 02118 811668473 24000 n/a Mass LEAP - Urban Science, Snowden INternational, BDEA, EMK. To expand arts education for school children in Boston Public Schools. Massachusetts Foundation for Teaching & Learning 215 Harris Street Taunton MA 02780 222782827 10000 n/a Journey into Education & Teaching (JET), Seed Fund Learning Grant 2017 North End Music and Performing Arts Center 16 Charter St R Boston MA 02113 043545228 10000 n/a NEMPAC - Eliot K-8 School. To expand arts education for school children in Boston Public Schools. Roosevelt K8 School 95 Needham Rd Hyde Park MA 02136 222514422 18730 Math Intervention Roosevelt Math Interveition - iReady (2016 + 2017) Zeroing in on Math 2016 The Boston Arts Academy Foundation 174 Ipswich St Boston MA 02215 043454898 10000 n/a Fashion Tech Pathway, Seed Fund Learning Grant 2017 The Preparatory Foundation 885 River St Boston MA 02136 113690799 10000 n/a Boston Coalition's YMwaP - at BCLA, Burke, Charlestown, Seed Fund Learning Grant 2017. Trustee of Boston University 233 Bay State Rd Boston MA 02215 042103547 30000 n/a PI Lynsey Gibbons, Math Labs in Boston Public Schools (Murphy and Edison K-8), School Solutions Seed Fund Expansion United Nations Association of Greater Boston 85 Devonshire St Suite 1000 Boston MA 02109 237182195 10000 n/a UNAGB at Josiah Quincy Elementary School - 5th grade, School Solutions Seed Fund Expansion Grant 2016 UP Academy Charter School of Boston 215 Dorchester St Boston MA 02127 272194956 10000 n/a UP Academy Boston - School on the Move 2016 Finalist Urban Leadership Fund 140 Clarendon St Boston MA 02116 463828213 3000 4400 Math Intervention Davis Leadership Math Intervention - TenMarks (2016 + Summer Pilot) Zeroing in on Math 2016 VSA Massachusetts 89 South St 101 Boston MA 02111 042699540 121000 n/a VSA Massachusetts - Multiple. To expand arts education for school children in Boston Public Schools. Young Audience of Massachusetts 89 South St 603 Boston MA 02111 046065276 28000 n/a Young Audiences - multiple schools. To expand arts education for school children in Boston Public Schools. 55 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, AND RECEIVE A SITE VISIT OR PHONE CALL IN THE SPRING IF THEY APPLY FOR EXPANSION FUNDING. ONE-YEAR SEED FUND EXPANSION GRANT RECIPIENTS PARTICIPATE IN A FALL PHONE CALL AND SUBMIT A YEAR-END REPORT IN JUNE. FOR ONE-YEAR GRANTS THROUGH THE ARTS EXPANSION INITIATIVE, A PRELIMINARY REPORT IS DUE IN NOVEMBER AND A FINAL REPORT DUE IN JUNE. ONE-YEAR ZEROING IN ON MATH GRANT RECIPIENTS RECEIVE ONGOING SUPPORT AND SUBMIT A YEAR-END REPORT IN JUNE. X X X false false false false false false false false false Laura Perille President and CEO 164633 4996 169629 Anuradha Desai Senior VP - External 162599 5034 14003 181636 PART I, LINE 3: THE PROCESS FOR DETERMINING COMPENSATION FOR TOP ORGANIZATION POSITIONS, INCLUDING CEO & PRESIDENT AND OTHER KEY EMPLOYEES IS AS FOLLOWS: (A) ANNUAL PERFORMANCE AND SALARY/COMPENSATION REVIEW BY CEO & PRESIDENT FOR TOP MANAGEMENT AND KEY EMPLOYEES AND BY THE GOVERNING BOARD EXECUTIVE COMMITTEE FOR CEO & PRESIDENT, WITH FINAL APPROVAL BY FULL GOVERNING BOARD, AT RECOMMENDATION OF EXECUTIVE COMMITTEE, AS PART OF THE ORGANIZATIONS'S ANNUAL BUDGET APPROVAL PROCESS. (B) COMPARABILITY DATA IS GATHERED TO INFORM RECOMMEND 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: for strategic improvement efforts. In all our work, EdVestors uses strategic philanthropy, education expertise, and tactical support for schools and partners to foster innovation, develop solutions, and spread knowledge so that more schools can improve. EdVestors provides seed funding for a wide range of emerging school improvement ideas through the School Solution Seed Fund; we develop demonstration projects and disseminate best practices through the improving schools initiative and the $100,000 school on the Move Prize; We drive city-wide, systemic change at scale to close opportunity and achievement gaps for students through our Strategic Initiatives including BPS Arts Expansion, focusing on equitable access to quality, sequential arts instruction in schools; Zeroing in on Math, aimed at increasing math proficiency in the middle grades; and our emerging work to expand Career Technical Education (CTE) pathways for high school students. The Organization is a valued resource for donors supportive of education reform and a trusted voice for educators committed to systematic change. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENT: This public-private partnership involves a large and coordinated network of partners, including schools, arts institutions, teaching artists, and funders, among others. EdVestors is the lead implementation partner. NOTE: Balance of expenses covered by multi-year grant received in prior fiscal year. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: Zeroing in on Math currently partners with 16 schools to pilot intervention strategies using technology as a tool to close knowledge and skill math gaps in grades 4-8. The Math Fellows connects enthusiastic and committed math teachers city-wide to identify strategies and solutions to improve math teaching and learning. Zeroing in on Math also partners with four schools in the Boston Public Schools Excellence for All cohort to support teacher teams in grades 4 and 5 to provide rigorous instruction and appropriate supports for all students in mathematics. Through all these efforts, Zeroing in on Math reached 3,400 students and over 100 teachers in this school year. NOTE: Balance of expenses covered by general operating revenue of the organization. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: Each year, EdVestors makes initial Seed Fund investments to up to 10 promising ideas, with a smaller number of projects receiving larger, longer-term Expansion grants based on early success and the potential for impact. Grantees are featured in the annual Showcase, where donors have a unique opportunity to hear directly from program leaders about their strategies and opportunities for investment. NOTE: Balance of expenses covered by general operating revenue of the organization. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICE ACTIVITIES: OTHER PROGRAM SERVICES INCLUDES SCHOOL ON THE MOVIE PRIZE, CAREER AND TECHNICAL EDUCATION (CTE), AND OTHER PROGRAMMATIC EXPENSES. SCHOOL ON THE MOVIE PRIZE - IS BOSTON'S PREMIER AWARD FOR BOSTON PUBLIC SCHOOLS. THE ANNUAL PRIZE INCLUDES A MONETARY AWARD TO A RAPIDLY IMPROVING SCHOOL, WITH SMALLER GRANTS TO THE TWO FINALISTS. THE PRIZE ALSO COMES WITH PUBLIC RECOGNITION OF EXISTING PUBLIC EDUCATION SUCCESS STORIES AND THE OPPORTUNITY FOR WINNING SCHOOLS TO DOCUMENT AND SHARE REPLICABLE STRATEGIES FOR IMPROVEMENT, WHICH EDVESTORS DISSEMINATES TO THE BROADER FIELD OF URBAN EDUCATION THROUGH ANNUAL RESEARCH AND REPORTS. CAREER AND TECHNICAL EDUCATION (CTE) - IS EDVESTOR'S EMERGING WORK TO SUPPORT THE DEVELOPMENT OF NEW CAREER PATHWAYS FOR HIGH SCHOOL STUDENTS IN BOSTON. EDVESTORS PROVIDES EXPERT STRATEGY AND IMPLEMENTATION SUPPORT, AS WELL AS FINANCIAL RESOURCES THAT DRIVE SCHOOL PLANS FORWARD WITH DEPTH AND FIDELITY. OTHER PROGRAM SERVICE INCLUDES OTHER PROGRAMMATIC EXPENSES IN SUPPORT OF ALL PROGRAMS. EXPENSES $491,758, INCLUDING GRANTS OF $140,000, REVENUE $640,706. 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 XI, LINE 9: IN-KIND CONTRIBUTIONS $6,674 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.