Educational Institutions

EdVestors, Inc.

  • Boston, MA
  • www.edvestors.org

Mission Statement

EdVestors' mission is to increase the number of schools in Boston delivering dramatically improved educational outcomes for all children.

Main Programs

  1. BPS Arts Expansion
  2. Improving Schools Initiative (ISI)
  3. School Solutions Seed Fund
  4. School on the Move Prize
  5. Zeroing in on Math
Service Areas

Self-reported

Massachusetts

Boston, Massachusetts

ruling year

2007

Principal Officer since 2002

Self-reported

Ms. Laura Perille

Keywords

Self-reported

Education, school, art, reform, school improvement, urban schools

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EIN

76-0794873

 Number

2717219807

Contact

Cause Area (NTEE Code)

Elementary, Secondary Ed (B20)

Arts Education/Schools (A25)

Fund Raising and/or Fund Distribution (B12)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

EdVestors' recent accomplishments include: 1. The Arts Expansion Initiative has made Boston a national leader in expanding arts education by furthering access to arts education. This year, 9 of 10 students in grades PreK-8 are receiving weekly arts instruction (up from two-thirds in 2009). Access to any arts instruction for high school students during the school day has more than doubled from 26 percent to 63 percent over the same period. 2. The three public schools in our demonstration project - Improving Schools Initiative - have increased student growth and/or proficiency in Math, ELA, or both. One school moved up from Level 3 to Level 1 in the 2014 state accountability system. We are completing the external evaluation for the initiative to inform future school improvement efforts. 3. Through the School Solutions Seed Fund, EdVestors seeks to identify promising solutions that address current challenges facing classrooms and schools with the goal to of improving learning outcomes for students. In December, EdVestors will award up to ten $10,000 Seed Fund learning grants that address a range of urban education challenges in innovative ways. Last year's Seed Fund recipients included an immersion clinic for elementary English Language Learners, teacher peer learning through the use of video, and culturally appropriate approaches to supporting young men of color achieve success. 4. In 2015, we celebrated our 10th Anniversary of the School on the Move Prize and awarded $100,000 to the Jeremiah E. Burke High School. In recognition of sustained improvement made by three-time finalist, the Joseph Hurley K-8 School, an additional Sustainability Award of $25,000 was presented . Goals for the coming year are tied to EdVestors' mission of increasing the number of schools in this city delivering dramatically improved educational outcomes for all children. 1. Drive toward scale and impact through a series of Targeted Impact Funds aimed at specific academic indicators at the core of school improvement. 2. Invest in innovation, experimentation, knowledge generation & dissemination to inform and expand school improvement strategies. 3. Invest in organizational capacity to manage growth and maximize impact.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

BPS Arts Expansion

The Boston Public Schools Arts Expansion is a multi-year effort to expand arts education in schools across the district. Launched in 2009 by EdVestors and a network of donors and partners, BPS Arts Expansion focuses on a coherent, sustainable approach to preserving arts as an essential aspect of education for all Boston Public School (BPS) students. A true public-private partnership, BPS Arts Expansion has brought together local foundations, the school district, arts organizations, higher education institutions and the Mayor's Office. Since 2009, BPS Arts Expansion has enabled arts education to reach 17,000 more students annually in BPS schools. This year, 9 of 10 students in grades Pre K-8 are receiving weekly arts instruction (up from two-thirds in 2009). Access to any arts instruction for high school students during the school day has more than doubled from 26 percent to 63 percent over the same period. This expansion of arts has been supported by increased public funding by BPS, which now invests over $21 million annually in arts education (compared to $16M in 2009).

Category

Arts, Culture & Humanities, General/Other

Population(s) Served

Children and Youth (infants - 19 years.)

Children and Youth (0 - 19 years)

Budget

$1,000,000.00

Program 2

Improving Schools Initiative (ISI)

In Spring 2012, EdVestors launched its new Improving Schools Initiative (ISI), an intensive four-year school improvement partnership designed to raise student performance and accelerate each school's improvement trajectory over the multi-year period. Our goal is to demonstrate an effective and sustainable tactical support system that can be extended to more Level 3 schools over time. ISI is grounded in six years of research identifying a common set of best practices utilized by the most rapidly improving schools in Boston through EdVestors' School on the Move Prize. Our findings resonate with national research as well as school improvement strategies outlined by the Massachusetts Department of Elementary and Secondary Education (DESE). To date, two of our three partner schools have shown notable improvements in increased student proficiency in math, ELA, or both. One school moved from Level 3 to Level 1 in the state accountability system in 2014.

Category

Education, General/Other

Population(s) Served

Children Only (5 - 14 years)

Budget

$475,000.00

Program 3

School Solutions Seed Fund

In fall 2014, EdVestors launched the new School Solutions Seed Fund, to transform the highly successful Urban Education Investment Portfolio into a fund that can more nimbly respond to our most persistent challenges in improving schools. Through the School Solutions Seed Fund, EdVestors will issue an annual open call for on-the-ground solutions and innovative and promising ideas that originate organically with frontline educators. The first round of Seed Fund investments were announced in late 2014, with $100,000 for 10 innovative projects to pilot, plan or test new or known solutions in schools in Boston.

Category

Education, General/Other

Population(s) Served

Children and Youth (infants - 19 years.)

Budget

$500,000.00

Program 4

School on the Move Prize

The School on the Move Prize is awarded annually to one of Boston's most improving schools to recognize its progress and share their successful strategies with the broader field. Launched in 2006, the Thomas W. Payzant School on the Move Prize highlights the ongoing work of strengthening schools and advancing the academic achievement of all students over a four-year period. The Prize is announced each fall at an event attended by more than 200 business, education, philanthropic and civic leaders from Boston. It is important to celebrate and analyze the school improvement success stories, recognizing, rewarding and learning from schools that are able to buck the trends and improve rapidly and sustainably.

Category

Education, General/Other

Population(s) Served

Children and Youth (infants - 19 years.)

Budget

$200,000.00

Program 5

Zeroing in on Math

EdVestors will work with public and private partners to increase student achievement in middle grades math across Boston. Proficiency in math in the middle grades builds a foundation for students leading to the completion of more rigorous math courses in high school. Research shows this high-level coursework in high school is more highly correlated with college graduation than any other factor studied - including family background. For EdVestors, increasing middle grades math proficiency in Boston is a solvable problem. There are just 50 schools that teach the city's 13,500 middle grades students. The shift to the Common Core national standards also provides an opportunity to help all schools refocus their efforts on middle grades math. Our goal is to equip more schools to provide their students the opportunity to master the critical skills and knowledge needed for post-secondary success, gainful employment and active citizenship in our global economy.

Category

Education, General/Other

Population(s) Served

Children Only (5 - 14 years)

Budget

$472,000.00

Service Areas

Self-reported

Massachusetts

Boston, Massachusetts

Funding Needs

EdVestors' most pressing organizational needs include the following: 1. Expanded base of supporters: EdVestors has a small but loyal base of supporters who contribute greatly to our mission. In order to continue to grow and deepen our impact city-wide, we will need to reach out to new supporters and engage them in new ways, as funders, volunteers, advisors and advocates. 2. Updated technology and systems to support our internal operations with regard to data collection, information tracking and sharing, and website management. 3. Expanded partnerships in new sectors in Boston including technology, higher education, and biotech. 4. Enhanced communications strategy and implementation support to solidify EdVestors' role as a uniquely effective school change agent and elevate our work to a national level to have a broader impact beyond our direct work in Boston.5. Preparation for the relocation of EdVestors' offices to accommodate organizational growth, including updates to office materials and developing a cohesive space and brand.

Accreditations

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

EDVESTYORSINCORPORATED
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

EdVestors, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2015 and 2014
  • Board Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Principal Officer

Ms. Laura Perille

BIO

Laura Perille is the CEO of EdVestors, a school improvement nonprofit with a the mission to increase the number of schools in Boston delivering dramatically improved educational outcomes for all students. EdVestors works with urban schools serving a significant number of high-need students by leveraging strategic private investment, providing on-the-ground tactical support to accelerate results, and developing and sharing knowledge to drive improvement across schools. Since its launch in 2002 under Laura's leadership, EdVestors has raised and helped investors direct over $18 million in funds for urban school improvement through its School Solutions Seed Fund, the School on the Move Prize, and the Improving Schools Initiative. EdVestors drives citywide, systematic change at scale though multi-year Targeted Impact initiatives, including BPS Arts Expansion and Zeroing in on Math, launched in 2015 to increase student achievement in math.Laura has served on a number of civic committees appointed by the Mayor or School Committee including the External Advisory Committee on School Choice (2012-13) charged with redesigning Boston's student assignment system; the Education Transition Team for Mayor Martin J. Walsh (2013-14); and the Superintendent Search Committee (2014-15) for Boston Public Schools. Prior to EdVestors, Laura led Perille Consulting Group, and previously, she served as Director of Education for Crittenton Hastings House, Policy Analyst for Community Catalyst/Families USA, and Director of Programs for the Greater Boston Food Bank. A graduate of Brown University, Laura and her family live in Boston, where her children have graduated from the Boston Public Schools.

Governance

BOARD CHAIR

Mr. Wendell Knox

Abt Associates (retired)

Term: Sept 2015 - Sept 2016

BOARD LEADERSHIP PRACTICES

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BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?