Entrepreneurial Ventures in Education Inc
Nonprofit profile at a glance
- EIN
- 263185485
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Quincy, MA, USA
- Phone
- 6178181959
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $11,007,254
- Expenses
- $17,393,133
- Assets
- $7,883,812
- Liabilities
- $16,969,118
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- EARL MARTIN PHALEN (PRESIDENT/CEO)
- AMBER DECKARD (PRESIDENT - SUMMER ADVANTAGE)
Highest reported compensation
- EVA SPILKER (CHIEF FINANCIAL OFFICER): $294,148 total reported compensation
- TARSHA CALLOWAY (CHIEF ADVANCEMENT OFFICER): $243,840 total reported compensation
- RUIQUAN JIN (CHIEF STRATEGY & DEV OFFIC): $214,333 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide services to improve the educational performance and increase the life aspirations of children who are living in underpriviledged communities and are currently under-performing. To provide direct educational services, such as summer learning programs. To work with organizations to raise the academic achievements and life opportunities of children. To work with parents to increase their engagement in the educational success of their children; and to engage in other educational and charitable activities related to the foregoing activities and purposes.
What it reported doing in 2024
To provide services to improve the educational performance and increase the life aspirations of children who are living in underprivileged communities and are currently under-performing.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 6
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: $0.48 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -58%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 2.15; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 14.8% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 11.2% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 17.9% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80.1% of spending went to programs
- Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $13.9M in reported program spending
- Leadership: top reported pay $294K · 17 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $296K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 12/100.