Edward P Evans
- Assets
- $268.4m
- Revenue
- $47.7m
- Investments
- $268.1m
- Employees
- 0
- Location
- Andover, MA
- Founding
- 07/2018
- Data as of
- 11/2022
- EIN
- 25-6232129
Organization Overview
Edward P Evans is located in Andover, MA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward P Evans is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Edward P Evans generated $47.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $21.4m during the year ending 11/2022. While expenses have increased by 9.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward P Evans has awarded 145 individual grants totaling $58,024,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Evans Trustee | 5 | $175,000 | |
William S Farish IV Trustee | 8 | $175,000 | |
Barbara Bierer Trustee | 12 | $200,000 | |
James L Tullis Trustee | 5 | $175,000 | |
Benjamin Polak Trustee | 5 | $175,000 | |
Michael Lewis President | 50 | $424,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,493,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,295,329 |
| Capital Gain Net Income | $38,140,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,662,824 |
| Total Revenue | $47,651,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,400,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $96,833 |
| Interest | $398,807 |
| Taxes | $120,624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $267,287 |
| Printing and publications | $0 |
| Other expenses | $5,566,985 |
| Total operating and administrative expenses | $7,964,785 |
| Contributions, gifts, grants paid | $13,485,160 |
| Total expenses and disbursements | $21,449,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,514 |
| Savings and temporary cash investments | $9 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $268,114,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $268,369,192 |
| Accounts payable and accrued expenses | $18,513 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,513 |
Grants Awarded
Over the last fiscal year, Edward P Evans has awarded $16,035,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $550,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $450,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $250,000 |
CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $260,000 |
COLUMBIA UNIVERSITY PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $2,900,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: SUPPORT SCIENTIFIC REASEARCH | $875,000 |