Civic Intelligence

Edvance Foundation

990EZ • Fiscal year 2015 • EIN 27-3478346

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 11, 2016

800 Boylston Street 16th FloorBoston, MA 02199

(617) 439-4620

Siviq Scores

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Balance Sheet

Assets

Up

$69,354

Up $28,519 (+70%) from 2014

Net Assets

Up

$69,300

Up $86,388 (+506%) from 2014

Liabilities

Down

$54

Down $57,869 (-100%) from 2014

Revenue And Expenses

Revenue

Up

$177,226

Up $133,466 (+305%) from 2014

Expenses

Up

$90,838

Up $27,027 (+42%) from 2014

Net Income

Up

$86,388

Up $106,439 (+531%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$69,354
Liabilities$54
Net Assets$69,300

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$177,226
Expenses$90,838
Net Income$86,388
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$177,226
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.$90,255$38,529
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN MITCHELLDirector/Officer/ChairPT$0$7,103$7,103
LYDIA LOGANDirector/Officer-$0--
ARTHUR ROTHKOPFDirector/Chair-$0--
MARGO TYLERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Edvance Foundation
EIN
27-3478346
Phone
6174394620
Address
800 BOYLSTON STREET 16TH FLOOR, BOSTON, MA 02199

Signing Officer

Name
Brian Mitchell
Title
Officer/director
Phone
6174394620
Signed
2016-01-11
Discuss with paid preparer
Yes

Preparer

Firm
Damon & Associates Inc
Address
300 OAK STREET SUITE 220, PEMBROKE, MA 02359
Preparer
Michael J Damon
Phone
7819245684
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 4,012. Description: other expenses. Amount: 22,730. Total to form 990-ez, line 14: 26,742.

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

Description: office and general administrative. Amount: 9,667. Description: marketing. Amount: 490. Description: payroll expenses. Amount: 827. Description: travel and airfare. Amount: 2,115. Description: insurance. Amount: 5,081. Description: program development. Amount: 9,000. Total to form 990-ez, line 16: 27,180.

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

Description: deposit & last. Beg. Of year amount: 9,600. End of year amount: 5,000. Description: other depreciable assets. Beg. Of year amount: 21,857. End of year amount: 17,845.

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

Description: due to brian mitchell & associates. Beg. Of year amount: 57,923. End of year amount: 0. Description: credit card payable. Beg. Of year amount: 0. End of year amount: 54.

Raw XML Appendix153 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 4,012. DESCRIPTION: OTHER EXPENSES. AMOUNT: 22,730. TOTAL TO FORM 990-EZ, LINE 14: 26,742.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE AND GENERAL ADMINISTRATIVE. AMOUNT: 9,667. DESCRIPTION: MARKETING. AMOUNT: 490. DESCRIPTION: PAYROLL EXPENSES. AMOUNT: 827. DESCRIPTION: TRAVEL AND AIRFARE. AMOUNT: 2,115. DESCRIPTION: INSURANCE. AMOUNT: 5,081. DESCRIPTION: PROGRAM DEVELOPMENT. AMOUNT: 9,000. TOTAL TO FORM 990-EZ, LINE 16: 27,180.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPOSIT & LAST. BEG. OF YEAR AMOUNT: 9,600. END OF YEAR AMOUNT: 5,000. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 21,857. END OF YEAR AMOUNT: 17,845.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO BRIAN MITCHELL & ASSOCIATES. BEG. OF YEAR AMOUNT: 57,923. END OF YEAR AMOUNT: 0. DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 54.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06174394620
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-11
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ReturnHeader/Filer/EIN0273478346
ReturnHeader/Filer/PhoneNum06174394620
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 OAK STREET SUITE 220
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum07819245684
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J DAMON
ReturnHeader/ReturnTs02016-01-29T09:33:53-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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