Edvestors Incorporated

“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.”

“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.”

“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.”

“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.”

“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.”

“Other professional fees: program service expenses 388,363. Management and general expenses 10,738. Fundraising expenses 24,450. Total expenses 423,551.”

“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.”

“Balance of organization expenses are covered by multi-year pledges received in prior fiscal years.”