2016 Annual Report

Inversant Alumni: Nahiomy Alvarez - Williams College ‘16

• Recipient of $100,000 Cummings Founda on grant. Inversant was one of 100 local nonprofits to receive grants of $100,000 through the Cummings Founda on's "$100K for 100" program.

• Won state approval of a pilot College Savings Account program for low-income residents in Haverhill, Lowell, Pi sfield, Springfield, and Worcester in the Massachuse s State Budget for 2017. The ini a ve, funded through public-private partnerships, will provide a matched savings program and financial educa on curriculum.

Dear Friends,

We are immensely excited to share our 2016 achievements through our annual report. In this report you’ll find heartwarming stories from some of our families, as well as the quan ta ve results of our hard work within the communi es we serve. In 2016, our number of families, savings, partnerships and college successes have all grown immensely and Inversant has reached many milestones, including:

Robert HildrethChairman of the Board

Charlie DesmondChief Execu ve Officer

Our impact within our communi es proves that Inversant’s program model is successful and our con nued expansion and growth is evidence that our partners and funders believe in the need for our programs. Inversant is commi ed to helping parents engage their children to achieve their goals for higher educa on at a reasonable cost. All of our achievements would be impossible without our many supporters. We’d like to extend our gra tude to our numerous donors, board members, partners, and staff who truly make our work possible. We are tremendously grateful for your commitment to Inversant and our con nued growth. We are excited to have you all along on our journey and we cannot wait to see where the next year takes us!

Sincerely,

From Our Founder & CEO

Who We Are

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 educa on.

Our Mission

Boston: Boys & Girls Clubs of Boston BU Upward Bound Neighborhood House Charter School Trinity Educa on for Excellence Program

Lynn: Kipp Academy Lynn Collegiate La Vida Scholars

Salem: Salem Public Schools

Chelsea: Chelsea Public Schools

Revere: Revere Public Schools

Our Partners

Our FormulaSaving

Inversant places a huge importance on opening

a Children’s Savings Account to save early and

o en in order to invest in higher educa on.

+ Learning

Our Monthly Learning Circle topics include

College Op ons, Costs, Applica ons, and Types

of Financial Aid.

Inversant meets families where they are with convenient loca ons,

different language op ons, and an online

portal to create acommunity with higher educa on aspira ons.

+ Support

86% of Inversant students enroll in higher educa on,

compared to the 69% na onally and 60%

from Boston Public Schools.

= College Success!

COLLEGE GRADUATES

65+OF STUDENT ALUMNI

ARE PERSISTING IN

HIGHER EDUCATION

89%STUDENT ALUMNI ENROLLED IN

HIGHER EDUCATION

480+

IN SAVINGS & MATCH

$2,000,000FAMILIES

1,200COLLEGE ACCOUNTS

1,300

73%of Inversant students

graduate in 4 years at a 4 year college

38%of students Na onwide

35%of students from

Boston Public Schools

vs

Our Impact Since 2009

Family Spotlight

Natalia Nivar & Krystal Veras - La Vida Scholars

Krystal is a part of our program partner, La Vida Scholars, which helps high-achieving youths in Lynn get into selec ve colleges affordably. Krystal’s mom, Natalia, a ended our workshops every month while Krystal worked on college essays and scholarship applica ons.

“I learned about everything I needed to help prepare Krystal and myself. I even went on college visits with her, something I never imagined I would do. I especially liked the planning piece because we knew what we had to do every year during her high school career. We learned about the en re process together.”

When college acceptances began to come one a er another, she was excited about being accepted, apprehensive about financial award le ers and annoyed about late decision release mes, but there was always one that she was holding out for: Princeton, her dream school. When she saw that she had been accepted, she immediately burst into tears and called her mom at work.

“Having programs like Inversant shows that families with my background can make it. My goal wasn’t to a end Princeton; it was to a end a school that was greater than what was expected of me.”

Family Spotlight

“When Mustapha was younger he told me he wanted to be a doctor. I told him that to be a doctor you need to go to college. So that’s when I thought to myself that I had to find a way to help my kids go to college to make their dreams come true.”

Sarjo, a father of three children joined the Inversant program in 2014 for his children, Mustapha and Bubacarr, a er learning about it at KIPP Academy Lynn. His family came from Gambia, West Africa, to provide their children with the best educa on possible. However, with no knowledge on how to navigatethe system, Sarjo looked for opportni es like Inversant.

Sarjo tells us that learning about financial aid such as loans and scholarships has been most helpful to him.“The facilitators teach everything you need to know from the start, it’s like reading a book with topics that are relavant to you that makes you want to keep reading.”

Mustapha is now a freshman at Carleton College in Minnesota where he was awarded a scholarship of $64,000 per year. He is s ll interested in becoming a doctor and is majoring in Psychology.

Trawalley Family - KIPP Academy Lynn

Ethnicity

Parent Educa on Language

Household Income

Our Families

53%25%

10%

9%

3%Hispanic

AfricanAmerican

Other

Caucasian

Asian

47%

29%

24% < $30,000

$30,000 to$50,000

> $50,000

21%

29%21%

12%

17% Less than a high schooldegree

High school degree orGEDSome college

Associate's degree (2yr)

Bachelor's degree (4yr)

51%39%

1%9%

Spanish

English

Hai anCreoleOther

$183,339$28,773

$319,855$531,967

$323,965$208,002$531,967

AssetsCurrent AssetsNet Property & EquipmentOther AssetsTotal Assets

Liability & Net AssetsCurrent Liabili esNet AssetsTotal Assets & Liabili es

$1,108,303$47,519$16,379

$1,172,201

$875,002$237,595

$1,112,597$59,604

Revenue SupportContribu onsDonated ServicesInterest IncomeTotal Revenue

ExpensesProgram ServicesSuppor ng ServicesTotal ExpensesChange in Net Assets

2016 Board of DirectorsMeghan Burke, Mintz LevinRobert Cashman, Metro Credit UnionJaidip Chanda, State Street Global AdvisorsJohn Connolly, 1647Sally Currier, Schools for Children, IncMichael Douvadjian, UBS FinancialLarry Fish, Fish Family Founda onRobert Hildreth, ChairAna Julia Jatar-Hausmann, Más Media Winston Langely, University of Massachuse s BostonRuth Moorman, Boston UniversityEdvaldo Morata, Eneas Alterna ve InvestmentsRichard Reidy, Boston UniversityFernando Reimers, Harvard Graduate School of Educa onJon Rotenberg, Eastern Yacht SalesStacy Sco , Framingham Public SchoolMichael Taylor, Urban College of BostonGladys Vega, Chelsea Collabora ve

2016 Board of AdvisorsG.L. (Peter) Alcock, MA State College Building AuthorityDean Atkins, NorthBridge CRE AdvisorsJoan Becker, University of Massachuse s BostonHardin Coleman, Boston University School of Educa onJay Halfond, Boston UniversityAnne Hildreth, Bank of America Private Wealth ManagementJackie Jenkins-Sco , Wheelock CollegeBridget Terry Long, Harvard Graduate School of Educa onMargaret McKenna, Suffolk UniversityJ. Keith Motley, University of Massachuse s BostonLouise Packard, Trinity Boston Founda onMichael Reardon, Catholic Schools Founda onMarie St. Fleur, Bessie Tar Wilson Ini a ve for ChildrenMargaret Daniels Tyler, The Tyler Group LLC

Statement of Ac vi es Statement of Financial Posi on

Our Board & Financials

$10,000 - $25,000AnonymousSally CurrierRichard Reidy$2,500 - $9,999Jaidip ChandaMichael DouvadjianLarry FishBen HildrethAna Julia JatarWinston LangleyRuth MoormanEd MorataJon Rotenberg

Corpora ons & Founda ons1:1 FundAmelia Peabody Founda onThe Boston Founda onBunker Hill Community CollegeBushrod H. Campbell and Adah F. Hall Charity FundCapital Partners LLCCataldo AmbulanceCharles Hayden Founda onChelsea Community FundChelsea NorthCommunity Workshops Inc.Corpora on for Enterprise Development (CFED)Cummings Founda onDistrigasEast Cambridge Savings BankEastern MineralsFoley & Lardner, LLPForest Founda onGlobal Oil Partners LPThe Gustavo Posse Founda onHighland Street Founda onHildreth Stewart Charitable Founda onKayem FoodsKiwanis Club of ChelseaLinde Family Founda onLloyd G. Balfour Founda on, Bank of America, NA, TrusteeMassachuse s Educa on Opportunity Associa onMetro Credit UnionThe Mifflin Memorial FundMove the World Founda onOlivia's OrganicsPannell Family Charitable FundPaul & Edith Babson Founda onPeter Condakes Co. Inc.The Philanthropic Ini a ve

Rotary Club of SalemSantander Consumer USA Inc.Simboli Proper esStaples Founda on, Inc.Sykes Moyer FundTalent Search (US DOE Grant)Thibeault Development LLCUBS

Richard HildrethKristen KelchRonald MolloyJoe & Eileen MuellerIvy NagahiroBatya NatanStacy ScoJeremy SeegerMichael TaylorMichael TuteurWalter Wright

$500 - $2,499Peter (G.L.) AlcockDean AtkinsJanet BaileyJoan BeckerMeghan BurkeRobert CashmanCharles DesmondPaul FarsaiThomas FeeleyRoy & Sylvia HammerLynn HerivauxAnne Hildreth

$100 - $499Tom AmbrosinoLaura AssadeStephanie BaressiCharlene BauerStephen BruneauAlberto CalvoChih-Wei ChiuChris DayKaren EngelbourgPaul FonteynJames & Marla GreenfieldSue GallantJay HalfondSteven HallMelanie HamblenDenis HamboyanClifford JaneyCarol KelleyJulie LammersSarah & Steven LevyElliot & Lenore LobelClaudio Mar nezGerald McCue

Donors

3 Ways to Support:

$1 - $99Tracy AguilaTina AluNahiomy AlvarezTimothy AndersonDaniel AranizAna BaldridgeRachel BergerJeremy BerkElizabeth CarballoJose Cas lloSharon CaulfieldRob ChiacchioIsabel CorngoldClaire Daley

Buzz & Susan Dimar noNorma DinnallRick FredkinJamie HoyGeorge & Linda KingsleyCris an LopezOrlando LopezLauren Pie eAlison RogersteJim Sache aLisa SantagateLan-Shuan ShuangYiming ShuangStefani SkuroElizabeth SpainMyky TranSco TroppyJulie YehAllison ZacariasDave Zagunis

Alexander & Frederick McFerranPatricia MeserveyEva MillonaAus n MirasoloSheila MolinariAna Patricia MunozSco NicholsLouis & Elenne NajarianLouise PackaardMichael ReardonRiordan RoeDoug & Mary SearsMichael & Ellen SandlerLisa & Steve ShapiroLou & Amanda ShipleyPaul TonerGladys VegaCarol WallaceJanet WuSindy Yeh

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I wanted my kids to go to college but I didn’t know what steps to take to get them there. I’m thankful for having Inversant as a support system, pushing me to save. - Gu errez Family, La Vida Scholars

It’s so important to start saving early on and the matches were a great incen ve. With Inversant I was able to work together with my daughter to save for college as well as learn about the process. -Daniels Family, Boys & Girls Clubs of Boston

I always tried my best to save li le by li le and it paid off. It’s helped me cover expenses I didn’t see coming. I don’t have any goods for her to inherit from me but I know she’ll have an educa-

on that no one can take away from her.- Taverez Family, La Vida Scholars

“”

My parents knew that I wanted to go to college but didn’t know what that process looked like. With the program, my dad was always on my back about finishing applica ons and submi ng things in me. It was nice to have their support.- Gross Family, KIPP Academy Lynn

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561 Boylston Street, Boston, MA 02116 | Phone: (617) 423-0331| Email: info@inversant.org