ENTREPRENEURIAL VENTURES IN EDUCATION INC

EIN: 263185485 501(c)(3) Education

QUINCY, MA

Total Revenue
$19,415,452
Total Expenses
$16,702,120
Total Assets
$8,569,023
Net Assets
$-140,182
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
EARL MARTIN PHALEN
Phone
6178181959
Tax Period
2022-07-01 to 2023-06-30

ENTREPRENEURIAL VENTURES IN EDUCATION INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $19.4M in total revenue in fiscal year 2022. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $16.7M left a modest 14% surplus.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,450,005
Program Service Revenue $15,965,414
Investment Income $33
Other Revenue $0
TOTAL REVENUE $19,415,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,054,389
Fundraising Expenses $1,620,565
Program Expenses $13,502,487
Other Expenses $2,647,731
TOTAL EXPENSES $16,702,120

Year-over-Year Comparison

2022 2021 Change
Revenue $19,415,452 $11,949,452 +0.6%
Expenses $16,702,120 $16,611,755 +0.0%
Net Income $2,713,332 $-4,662,303 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
863
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,421,998
Total Directors
4
$163,696
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR FERNANDO REIMERS DIRECTOR 5.00
Director
$0 $0 $0
EARL MARTIN PHALEN PRESIDENT/EXECUTIVE DIRECTOR 40.00
Officer Director
$153,510 $10,186 $163,696
JIM PHALEN DIRECTOR 5.00
Director
$0 $0 $0
STEVEN TUCKER DIRECTOR 5.00
Director
$0 $0 $0
ANDREA ROBINSON CHIEF ACADEMIC OFFICER 40.00
Officer
$185,112 $0 $185,112
EVA SPILKER CHIEF FINANCIAL OFFICER 40.00
Officer
$222,117 $14,434 $236,551
NICOLE SCOTT GENERAL COUNSEL 40.00
Officer
$189,746 $96 $189,842
RUIQUAN JIN CHIEF STRATEGY & DEVELOPMENT OFFICER 40.00
Officer
$185,072 $5,115 $190,187
CHERYL L SHANNON CHIEF GROWTH OFFICER 40.00
Officer
$115,901 $3,359 $119,260
JOANN GAMA CHIEF HUMAN ASSET OFFICER 1.00
Officer
$0 $868 $205,180
ARELY BENAVIDES CHIEF OPERATING OFFICER 1.00
Officer
$0 $8,140 $132,170
AMBER DECKARD PRESIDENT - SUMMER ADVANTAGE 40.00
Highest
$166,724 $15,080 $181,804
MELISSA MORRIS EXECUTIVE DIRECTOR ACADEMICS 40.00
Highest
$117,461 $11,171 $128,632
JAMES SWIFT VP PLA UNIVERSITY 40.00
Highest
$123,208 $5,115 $128,323
JOSE LUIS DE LEON VP VIRTUAL SCHOOL 40.00
Highest
$123,750 $0 $123,750
JUSTIN P BLACKSTONE NATIONAL DIRECTOR OF PHILANTHROPY 40.00
Highest
$107,353 $4,472 $111,825
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $19,415,452 $16,702,120 $8,569,023 $2,713,332
2022 $11,949,451 $16,611,755 $2,486,166 $-4,662,304
2022 $11,949,452 $16,611,755 $4,012,353 $-4,662,303
2021 $11,072,937 $10,261,762 $4,865,485 $811,175
2020 $7,633,263 $7,879,309 $2,719,604 $-246,046
2019 $6,469,934 $6,220,992 $2,037,357 $248,942
2018 $5,367,386 $5,923,593 $1,814,752 $-556,207
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