Civic Intelligence

Edvance Foundation

EIN 27-3478346 • 501(c)3 • Boston, MA

Profile

The edvance foundation aims to increase opportunities for college-bound students and support institutions of higher education.

1 Franklin Street 2507Boston, MA 02110

www.edvancefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

133%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $2,710 (-100%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Down

$0

Down $2,710 (-100%) from 2017

Revenue

Up

$15,894

Up $9,081 (+133%) from 2017

Expenses

Down

$18,604

Down $7,028 (-27%) from 2017

Net Income

Up

-$2,710

Up $16,109 (+86%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2012: $134,291Liabilities 2012: $5,356Net Assets 2012: $128,9352012Assets 2013: $42,275Liabilities 2013: $39,312Net Assets 2013: $2,9632013Assets 2014: $40,835Liabilities 2014: $57,923Net Assets 2014: -$17,0882014Assets 2015: $69,354Liabilities 2015: $54Net Assets 2015: $69,3002015Assets 2016: $21,937Liabilities 2016: $408Net Assets 2016: $21,5292016Assets 2017: $2,710Liabilities 2017: $0Net Assets 2017: $2,7102017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2012: $657,5152012Expenses 2013: $186,9672013Revenue 2014: $43,760Expenses 2014: $63,811Net Income 2014: -$20,0512014Revenue 2015: $177,226Expenses 2015: $90,838Net Income 2015: $86,3882015Revenue 2016: $34,862Expenses 2016: $82,633Net Income 2016: -$47,7712016Revenue 2017: $6,813Expenses 2017: $25,632Net Income 2017: -$18,8192017Revenue 2018: $15,894Expenses 2018: $18,604Net Income 2018: -$2,7102018

Highlighted filing

2018

Revenue$15,894
Expenses$18,604
Net Income-$2,710

Filings

Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 6, 2018
Return Version
2016v3.0
Gross Receipts
$16,855
Mission and Program Overview

Mission

The edvance foundation aims to increase opportunities for college-bound students and support institutions of higher education.

Program Services

DescriptionGrantsExpenses
THE EDVANCE FOUNDATION (THE "FOUNDATION') IS A NONPROFIT ORGANIZATION THAT STRENGTHENS PARTNERSHIPS BETWEEN PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION, DEVELOPES PROGRAMS THAT FOSTER GREATER ACCESS AND CHOICE FOR COLLGE-BOUND STUDENTS, AND PROMOTES BEST PRACTICES IN INSTITUTIONAL OPERATIONS, MANAGEMENT, AND GOVERNANCE. THE FOUNDATION WAS ESTABLISHED AS A DELAWARE ORGANIZATION ON JULY 28, 2010 AND DOES BUSINESS PRIMARILY FROM CORPORATE OFFICES LOCATED IN MASSACHUSETTS.THE FIRST PROGRAM SPONSORED BY THE FOUNDATION IS THE EXPECTATION NETWORK, FORMERLY CALLED THE COMMUNITY COLLEGE LINKAGE PROJECT. IT WILL FACILIATE AND SUPPORT THE ENROLLMENT OF TWO-YEAR COLLEGE STUDENTS TO FOUR-YEAR INDEPENDENT COLLEGES AND UNIVERSITIES THROUGH SUPPORT FROM THE BILL AND MELINDA GATES, JACK KENT COOKE, AND PFZIER FOUNDATIONS. THESE FOUNDATIONS PROVIDED SUPPORT TO OPEN A NATIONAL OFFICE, UNDERTAKE A "LISTENING TOUR" OF MORE THAN 1200 SENIOR HIGHER EDUCATION PRACTITIONERS ACROSS THE COUNTRY, AND PRODUCE A FINAL DRAFT, OF THE LARGEST STUDY EVER UNDERTAKEN ON THE TRANSFER AND PATTERNS OF TRANSFER OF 2-YEAR GRADUATES TO 4-YEAR INDEPENDENT COLLEGES AND UNIVERSITIES. THE FOUNDATION IS ALSO IN EARLY STAGE DISCUSSIONS ABOUT OTHER PROGRAMS THAT IT MIGHT SPONSOR THAT WILL POSITIVELY AFFECT THE DEVELOPMENT OF 2-YEAR GRADUATES.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN MITCHELLDirector/ChairPT$0--
LYDIA LOGANDirector/Vice Chair-$0--
ARTHUR ROTHKOPFChair Emeritus-$0--
MargoT tylerDirector-$0--
Filing and Contact Details

Filer

Filer Name
Edvance Foundation
EIN
27-3478346
Phone
2022860255
Address
1 FRANKLIN STREET 2507, BOSTON, MA 02110

Signing Officer

Name
Brian Mitchell
Title
Officer/director
Phone
2022860255
Signed
2018-02-06
Discuss with paid preparer
Yes

Preparer

Firm
Damon Diodati Inc
Address
300 Oak Street Suite 220, Pembroke, MA 02359
Preparer
Mark Diodati
Phone
7819245684
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 14

Description: Depreciation. Amount: 2,286. Description: Other Expenses. Amount: 3,288. Total to Form 990-EZ, line 14: 5,574.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Office and General Administrative. Amount: 3,822. Description: Marketing. Amount: 500. Description: Travel and Airfare. Amount: 308. Description: Insurance. Amount: 4,273. Total to Form 990-EZ, line 16: 8,903.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: DEPOSIT & LAST. Beg. of Year Amount: 5,000. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 13,833. End of Year Amount: 1,505.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: CREDIT CARD PAYABLE. Beg. of Year Amount: 408. End of Year Amount: 0.

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE EDVANCE FOUNDATION AIMS TO INCREASE OPPORTUNITIES FOR COLLEGE-BOUND STUDENTS AND SUPPORT INSTITUTIONS OF HIGHER EDUCATION.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 Oak Street Suite 220
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ReturnHeader/PreparerPersonGrp/PhoneNum07819245684
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Diodati
ReturnHeader/ReturnTs02018-03-27T15:35:19-05:00
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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits