Edify 
The information on this page was last updated 12/31/2022. If you see errors or omissions, please email: [email protected]
Summary
Edify works with education entrepreneurs who operate Christ-centered schools. Alongside local partners, we offer them access to the tools they need the most: training, loan capital, and education technology. This helps improve the quality of education, expand their schools, and build longevity for their communities.
We work with education entrepreneurs in Africa and Latin America.
We work with low-fee independent Christ-centered schools who, on average, deliver quality education for less than $1 a day.
Since 2009, we've worked with over 10,000 schools and 3 million students globally.
Contact information
Mailing address:
Edify
Department 2410
PO Box 986500
Boston, MA 02298-6500
Website: edify.org
Phone: 855-463-3439
Email: [email protected]
Organization details
EIN: 270892545
CEO/President: Tiger Dawson
Chairman: Chris Crane
Board size: 9
Founder: Chris Crane and Tiger Dawson
Ruling year: 2009
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 2019
Purpose
Our vision is flourishing godly nations. Across the globe, we see this vision become a reality, one training, one loan, one device at a time.
Mission statement
Our mission is to improve an expand sustainable Christ-centered education globally.
Statement of faith
We Believe:
"The time has come", Jesus said. "The kingdom of God is near. Repent and believe the good news" (Mark 1:15)
"All Scripture is God-breathed and is useful for teaching, rebuking, correcting and training in righteousness, so that the servants of God may be thoroughly equipped for every good work." (2 Timothy 3:16-17)
The Apostles' Creed
I believe in God, the Father Almighty, creator of heaven and earth. I believe in Jesus Christ, his only Son, our Lord, who was conceived by the Holy Spirit, born of the Virgin Mary, suffered under Pontius Pilate, was crucified, died, and was buried; he descended to the dead. On the third day he rose again; he ascended into heaven, is seated at the right hand of the Father, and will come again to judge the living and the dead. I believe in the Holy Spirit, the holy catholic** church, the communion of saints, the forgiveness of sins, the resurrection of the body, and the life everlasting. Amen. **universal
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 869 of 1096 | 113 of 142 |
| Fund acquisition rating | | 1009 of 1098 | 130 of 143 |
| Resource allocation rating | | 774 of 1098 | 107 of 143 |
| Asset utilization rating | | 453 of 1096 | 55 of 142 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 15% | 13% | 15% | 16% | 17% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 15% | 13% | 15% | 16% | 17% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 100% | 100% | 100% | 99% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 15% | 14% | 20% | 17% | 17% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 0% | 0% | 0% | 1% | 1% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 79% | 80% | 73% | 76% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 97% | 92% | 75% | 92% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 77% | 74% | 55% | 70% | 77% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 3% | 8% | 25% | 8% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 4% | 11% | 32% | 15% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 8% | 6% | 5% | 7% | 7% | 5% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.25 | 1.45 | 1.23 | 0.94 | 1.70 | 1.92 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.18 | 1.02 | 1.03 | 1.02 | 1.01 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.70 | 1.48 | 1.27 | 0.96 | 1.71 | 1.94 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 20.61 | 18.47 | 61.39 | 57.26 | 64.16 | 35.99 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.04 | 0.05 | 0.02 | 0.02 | 0.02 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.62 | 7.69 | 9.32 | 12.27 | 6.90 | 6.02 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 6% | 5% | 2% | 2% | 2% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 74% | 65% | 80% | 104% | 58% | 51% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $6,926,332 | $6,168,338 | $5,635,213 | $3,430,546 | $2,904,566 |
| Receivables, inventories, prepaids | $324,185 | $271,877 | $184,874 | $269,387 | $273,677 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,250,517 | $6,440,215 | $5,820,087 | $3,699,933 | $3,178,243 |
| Long-term investments | $0 | $0 | $0 | $0 | $4,002 |
| Fixed assets | $131,089 | $176,190 | $99,193 | $21,875 | $26,812 |
| Other long-term assets | $2,377 | $7,058 | $3,424 | $0 | $0 |
| Total long-term assets | $133,466 | $183,248 | $102,617 | $21,875 | $30,814 |
| Total assets | $7,383,983 | $6,623,463 | $5,922,704 | $3,721,808 | $3,209,057 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $392,485 | $104,912 | $101,644 | $57,664 | $88,321 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $392,485 | $104,912 | $101,644 | $57,664 | $88,321 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $392,485 | $104,912 | $101,644 | $57,664 | $88,321 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $6,316,648 | $4,831,032 | $4,600,028 | $2,389,125 | $1,865,811 |
| With donor restrictions | $674,850 | $1,687,519 | $1,221,032 | $1,275,019 | $1,254,925 |
| Net assets | $6,991,498 | $6,518,551 | $5,821,060 | $3,664,144 | $3,120,736 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $10,988,516 | $8,849,989 | $7,413,736 | $6,819,224 | $6,149,573 |
| Program service revenue | $13,625 | $1,402 | $26,623 | $51,040 | $59,420 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $6,075 | $351 | $2,635 | $4,186 | $1,736 |
| Other revenue | $5,596 | $0 | $0 | $0 | $0 |
| Total other revenue | $25,296 | $1,753 | $29,258 | $55,226 | $61,156 |
| Total revenue | $11,013,812 | $8,851,742 | $7,442,994 | $6,874,450 | $6,210,729 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $8,481,600 | $6,525,088 | $4,079,041 | $4,827,275 | $4,753,866 |
| Management and general | $590,405 | $446,970 | $410,277 | $427,392 | $325,802 |
| Fundraising | $1,629,188 | $1,182,193 | $1,103,496 | $1,076,375 | $1,074,953 |
| Total expenses | $10,701,193 | $8,154,251 | $5,592,814 | $6,331,042 | $6,154,621 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $312,619 | $697,491 | $1,850,180 | $543,408 | $56,108 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $312,619 | $697,491 | $1,850,180 | $543,408 | $56,108 |
Compensation
| Name | Title | Compensation |
| Reuben Thiessen | Chief Technology Officer | $143,800 |
| George T Dawson | President and CEO | $135,000 |
| Abigail Bach VP Program | Strategy and Philanthropy | $133,800 |
| Vanessa Folsom | VP of People and Secretary | $113,700 |
Compensation data as of: 9/30/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/31/2022. To update the information below, please email: [email protected]
History
Edify began by providing loan capital for low-fee independent schools in the Dominican Republic and Ghana. Now, we train, lend, and introduce education technology in 11 countries and counting. In places where poverty persists, education brings a lifetime of opportunities. So when schools improve, learning does too. When learning is centered on Christ, opportunities write a whole new story. Children transform into vibrant agents of change in their communities and world.