Edify

The information on this page was last updated 2/16/2022. If you see errors or omissions, please email: info@ministrywatch.com


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: communications@edify.org


Organization details

EIN: 270892545

CEO/President: Tiger Dawson

Chairman: Chris Crane

Board size: 8

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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating950 of 1031113 of 123
Fund acquisition rating995 of 1033117 of 123
Resource allocation rating871 of 1033101 of 123
Asset utilization rating585 of 103174 of 123

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%15%16%17%16%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%15%16%17%16%18%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%20%17%17%18%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%1%1%1%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%73%76%77%75%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%75%92%99%89%100%
Program output ratio Program output ratio =
Program services /
Total revenue
78%55%70%77%67%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%25%8%1%11%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%32%15%2%22%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%7%7%5%6%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.180.941.701.921.721.93
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.021.011.011.041.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.660.961.711.941.792.03
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.0257.2664.1635.9949.2817.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.020.020.030.020.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.6812.276.906.026.585.57
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%2%3%2%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%104%58%51%57%49%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$5,635,213$3,430,546$2,904,566$2,646,029$2,261,815
Receivables, inventories, prepaids$184,874$269,387$273,677$370,786$147,077
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,820,087$3,699,933$3,178,243$3,016,815$2,408,892
Long-term investments$0$0$4,002$19,005$35,006
Fixed assets$99,193$21,875$26,812$45,374$43,732
Other long-term assets$3,424$0$0$45,736$45,668
Total long-term assets$102,617$21,875$30,814$110,115$124,406
Total assets$5,922,704$3,721,808$3,209,057$3,126,930$2,533,298
 
Liabilities20202019201820172016
Payables and accrued expenses$101,644$57,664$88,321$61,219$140,653
Other current liabilities$0$0$0$0$0
Total current liabilities$101,644$57,664$88,321$61,219$140,653
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$1,083$5,453
Total long-term liabilities$0$0$0$1,083$5,453
Total liabilities$101,644$57,664$88,321$62,302$146,106
 
Net assets20202019201820172016
Without donor restrictions$4,600,028$2,389,125$1,865,811$1,907,653$1,072,773
With donor restrictions$1,221,032$1,275,019$1,254,925$1,156,975$1,314,419
Net assets$5,821,060$3,664,144$3,120,736$3,064,628$2,387,192
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$7,413,736$6,819,224$6,149,573$6,029,241$4,821,076
Program service revenue$26,623$51,040$59,420$49,453$40,816
Membership dues$0$0$0$0$0
Investment income$2,635$4,186$1,736$1,652$1,758
Other revenue$0$0$0($9,318)$0
Total other revenue$29,258$55,226$61,156$41,787$42,574
Total revenue$7,442,994$6,874,450$6,210,729$6,071,028$4,863,650
 
Expenses20202019201820172016
Program services$4,079,041$4,827,275$4,753,866$4,068,373$3,712,370
Management and general$410,277$427,392$325,802$343,958$323,223
Fundraising$1,103,496$1,076,375$1,074,953$981,261$851,333
Total expenses$5,592,814$6,331,042$6,154,621$5,393,592$4,886,926
 
Change in net assets20202019201820172016
Surplus (deficit)$1,850,180$543,408$56,108$677,436($23,276)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,850,180$543,408$56,108$677,436($23,276)

Compensation

NameTitleCompensation
George T DawsonPresident and CEO$155,000
Reuben ThiessenChief Technology Officer$148,815
Abigail Bach VP ProgramStrategy and Philanthropy$142,737
Vanessa FolsomVP of People and Secretary$111,802
Chris FentonSVP Operations and CFO$110,863

Compensation data as of: 9/30/2020


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 2/16/2022. To update the information below, please email: info@ministrywatch.com


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.


Program accomplishments


Needs