Inversant Inc

Organization Overview

Inversant Inc is located in Boston, MA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Inversant Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inversant Inc 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 12/2021, Inversant Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Inversant Inc has awarded 39 individual grants totaling $794,556. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INVERSANT'S MISSION IS TO ENSURE THAT THROUGH PARENTAL ENGAGEMENT EVERY LOW-TO-MODERATE INCOME FAMILY HAS THE RESOURCES AND UNDERSTANDING THEY NEED TO ACHIEVE THEIR GOALS FOR HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, INVERSANT INCREASED THE TOTAL NUMBER OF FAMILIES SERVED FROM 2,000 TO 2,115, CELEBRATING 115 ACCOMPLISHED 2021 HIGH SCHOOL GRADUATES 115 FAMILIES RECEIVED $73,900 IN SAVINGS MATCH DISTRIBUTIONS AND SCHOLARSHIPS. OVER THE COURSE OF 2021, INVERSANT ENGAGED 9,257 PEOPLE, EXCEEDING OUR ANTICIPATED TARGET. WE ACCOMPLISHED THIS BY SUCCESSFULLY BUILDING A NEW DIGITAL INFRASTRUCTURE TO BRING COMPREHENSIVE FINANCIAL AID AND COLLEGE ACCESS EDUCATION TO FAMILIES VIRTUALLY. BY SEGMENTING PROGRAMMING INTO FOCUSED LEARNING OPPORTUNITIES INDIVIDUALS WERE ABLE TO FOCUS ON THE TOPICS THAT CONCERN THEM MOST AND ACCESS MATERIAL AT THEIR OWN PACE. 75 STUDENTS APPLIED FOR SCHOLARSHIPS AND 30 STUDENTS WERE ELIGIBLE AND WERE AWARDED A TOTAL OF $35,000.


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Board, Officers & Key Employees

Name (title)Compensation
Heidi Hancock
CEO
$150,673
Sally Currier
Secretary
$0
Benjamin Hildreth
Treasurer
$0
Charles Desmond
Chair
$0
Robert J Hildreth
Director
$0
Robert Cashman
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $260,320
All other contributions, gifts, grants, and similar amounts not included above$625,145
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$885,465
Total Program Service Revenue$0
Investment income $65
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,077,205

Grants Awarded

Over the last fiscal year, Inversant Inc has awarded $414,384 in support to 16 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB OF BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

BOYS AND GIRLS CLUB OF BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

BOYS AND GIRLS CLUB OF BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

BOYS AND GIRLS CLUB OF BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FUND PARTNER PROGRAM

$50,646

SALEM PUBLIC SCHOOLS

PURPOSE: TO FUND PARTNER PROGRAM

$36,405

SALEM PUBLIC SCHOOLS

PURPOSE: TO FUND PARTNER PROGRAM

$36,405
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Inversant Inc has recieved totaling $392,500.

Awarding OrganizationAmount
Hildreth Stewart Charitable Foundation

Boston, MA

PURPOSE: GENERAL USE

$250,000
Mabel Louise Riley Foundation

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$50,000
Oneworld Boston Inc

Woburn, MA

PURPOSE: COMMUNITY ENRICHMENT PROGRAMS

$46,000
Amelia Peabody Foundation

Wellesley, MA

PURPOSE: INVERSANT: BREAKING BARRIERS TO COLLEGE ACCESS

$20,000
Metro Credit Union

Chelsea, MA

PURPOSE: DONATION

$15,000
Marion L Decrow Foundation

Boston, MA

PURPOSE: GENERAL

$5,000
View Grant Recipient Profile

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