Ednovate Inc

Education organization based in Los Angeles, CA. 396 employees. Exempt under §501(c)(3).

MissionTHE MISSION OF EDNOVATE IS FOR ITS STUDENTS TO USE THEIR COLLEGE DEGREES AND CAREERS TO MAKE A POSITIVE MULTI-GENERATIONAL CHANGE, WITH A GOAL OF 100% OF THE STUDENTS BEING ACCEPTED INTO A 4-YEAR UNIVERISTY WITH A 90% PERSISTENCE RATE AFTER THEIR FRESHMAN YEAR OF COLLEGE.

Financial snapshot · TY 2023

$62.0M
Total revenue
$56.0M
Total expenses
$92.4M
Net assets

Financial health · TY 2023

53
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
40
7.2 months of expenses
Program efficiency
92
86.7% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Oliver Sicat
CHIEF EXECUTIVE OFFICER
$319,958
55th percentile vs. peers
Olumide Macaulay
CHIEF OF SCHOOLS
$269,648
64th percentile vs. peers
Katherine Hart
CHIEF OPERATING OFFICER
$244,347
51th percentile vs. peers
Kara Maguire
CHIEF OF STAFF
$226,057
64th percentile vs. peers
Kyle Goss
CHIEF FINANCIAL OFFICER
$220,097
39th percentile vs. peers

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Ednovate Inc Executive Compensation | 990 Data | DoubleNine