Ednovate Inc
87% goes to programs $0 to raise $100 Strong reserves Growing revenue
Ednovate Inc is a 501(c)(3) organization based in Los Angeles, California, registered in 2013, with $62,013,971 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
533 Glendale Blvd, Los Angeles, CA, 90026 EIN 45-4005918 Since 2013
Revenue (FY2023)
$62.0M
▲ 22.2% vs prior year
Education median: $200K
Expenses (FY2023)
$56.0M
Net assets
$33.8M
Employees
396
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ednovate Inc: 87% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ednovate Inc: 7 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ednovate Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ednovate Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Ednovate, inc. operates seven high quality california public charter high schools.
Contact & location
- Address
- 533 Glendale Blvd, Los Angeles, CA, 90026
- City
- Los Angeles
- State
- California
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.3M (FY2013) to $62.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $58.6MNet assets $33.8M
Operating margin
9.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$92.4M
Total liabilities
$58.6M
Net assets
$33.8M
Salaries & benefits
$28.8M
51% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $62,013,971▲22.2% | $55,970,753▲17.0% | $33,789,125▲21.8% | $92,407,545▲5.1% | 990 |
| 2022 | $50,743,071▲1.1% | $47,820,127▲11.7% | $27,745,907▲11.8% | $87,955,507▲122% | 990 |
| 2021 | $50,209,560▲33.0% | $42,822,894▲42.4% | $24,822,963▲42.4% | $39,618,009▲18.7% | 990 |
| 2020 | $37,749,342▲21.4% | $30,069,429▼1.1% | $17,436,297▲78.7% | $33,367,318▲35.1% | 990 |
| 2019 | $31,097,913▲21.0% | $30,392,912▲16.6% | $9,756,384▲7.8% | $24,694,440▲38.6% | 990 |
| 2018 | $25,692,588▲12.4% | $26,072,930▲44.0% | $9,051,383▲22.2% | $17,821,109▲10.3% | 990 |
| 2017 | $22,853,067▲62.5% | $18,103,772▲56.2% | $7,406,725▲58.2% | $16,157,905▲156% | 990 |
| 2016 | $14,067,715▲50.1% | $11,589,769▲44.4% | $4,682,430▲112% | $6,308,297▲85.4% | 990 |
| 2015 | $9,375,212▲90.7% | $8,025,801▲85.6% | $2,204,484▲158% | $3,402,544▲69.4% | 990 |
| 2014 | $4,914,934▲48.0% | $4,324,469▲39.1% | $855,073▲223% | $2,009,076▲14.7% | 990 |
| 2013 | $3,320,227 | $3,107,974▲76.8% | $264,608▲405% | $1,751,740▲107% | 990 |
| 2012 | — | $1,757,884 | $52,355 | $846,622 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Oliver Sicat — $302,980 (0.54% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Oliver Sicat | Chief Executive Officer | 40 | $302,980 |
| Olumide Macaulay | Chief of Schools | 40 | $251,864 |
| Katherine Hart | Chief Operating Officer | 40 | $220,544 |
| Kyle Goss | Chief Financial Officer | 40 | $213,585 |
| Kara Maguire | Chief of Staff | 40 | $209,838 |
| Evelyn Balderas-castro | Principal - Legacy | 40 | $179,852 |
| Rosa Alanis | Sr Dir Principal Leadership | 40 | $177,999 |
| Ryan Romaneski | Sr Dir Leadership & Teamwork | 40 | $162,963 |
| Rachael Derogatis | Principal - Hybrid | 40 | $157,008 |
| Jenny Aguas | Sr Dir Family Engagement & Advocacy | 40 | $156,478 |
| Ailen Salazar Bravo | Director | 1 | — |
| Ana Martinez Shropshire | Director | 1 | — |
| Elliot Sainer | Vice Chair/ Secretary | 1 | — |
| Kate Hirsh | Director | 1 | — |
| Kyle Salyer | Director | 1 | — |
| Michael Porter | Director | 1 | — |
| Pauline Fischer | Chair | 1 | — |
| Robin Romans | Director | 1 | — |
| Ruth Castillo | Director | 1 | — |
| Tammara Anderson | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Vccm Verdugo Carpet Cleaning and Mainten | Janitorial Services | $1,333,549 |
| Alfa Developments LLC | Repairs and Maintenance | $717,833 |
| George Alfaro | Repairs and Maintenance | $163,203 |
| Northeast Development Enterprises II LLC | Real Estate Consulting | $129,079 |
Grants received · $3.2M total
19 grants to Ednovate Inc totaling $3.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charter Fund Inc | Charter school capacity-building | 2024 | $975,000 |
| Charter Fund Inc | Charter school growth | 2024 | $400,000 |
| Charter Fund Inc | Impact and innovation | 2024 | $20,000 |
| Orange County Community Foundation | Education | 2023 | $375,000 |
| New Schools Fund | Innovative schools | 2023 | $165,000 |
| Donor Advised Charitable Giving | Education | 2023 | $75,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $28,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $25,000 |
| New Schools Fund | Innovative schools | 2022 | $315,000 |
| Donor Advised Charitable Giving | Education | 2022 | $35,000 |
| Donor Advised Charitable Giving | Education | 2021 | $36,500 |
| New Schools Fund | Innovative schools | 2020 | $20,000 |
| Donor Advised Charitable Giving | Education | 2019 | $35,000 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2019 | $10,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2019 | $6,000 |
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Compare Ednovate Inc
Frequently asked questions
- Is Ednovate Inc a legitimate nonprofit?
- Yes. Ednovate Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4005918, based in Los Angeles, California. Donations are tax-deductible.
- What is Ednovate Inc's EIN?
- Ednovate Inc's Employer Identification Number (EIN) is 45-4005918.
- How much revenue does Ednovate Inc report?
- Ednovate Inc reported $62,013,971 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ednovate Inc's spending goes to programs?
- Ednovate Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ednovate Inc have?
- CharityIndex grades Ednovate Inc A, based on program efficiency and fundraising cost.
- How much does Ednovate Inc's highest-paid employee make?
- The highest reported compensation on Ednovate Inc's latest Form 990 is $302,980, paid to Oliver Sicat (Chief Executive Officer).
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Data for Ednovate Inc (EIN 45-4005918) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.