Edify

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

We partner with education entrepreneurs who own low-fee independent Christ-centered schools in 11 different countries. Edify places a strong focus on training school leaders and teachers to provide a biblically-based, high-quality education and develop Christ-like character in students. We also come alongside school leaders and teach necessary skills that will help them manage efficient and sustainable schools. Edify offers school owners access to lending capital so they can improve and expand their facilities and provides schools with access to education technology for the classroom, specifically focusing on tools for literacy and critical thinking skills.


Contact information

Mailing address:
Edify
8825 Aero Drive #220
San Diego, CA 92123

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

Year founded: 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.


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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating753 of 91187 of 105
Fund acquisition rating856 of 913100 of 105
Resource allocation rating721 of 91386 of 105
Asset utilization rating348 of 91142 of 105

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%16%17%16%18%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%16%17%16%18%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%17%17%18%17%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%1%1%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%76%77%75%76%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%92%99%89%100%82%
Program output ratio Program output ratio =
Program services /
Total revenue
81%70%77%67%76%60%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%8%1%11%0%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%15%2%22%-1%34%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%7%5%6%7%9%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.331.701.921.721.931.46
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.271.011.011.041.051.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.021.711.941.792.031.54
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.6264.1635.9949.2817.1323.16
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.020.030.020.060.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.196.906.026.585.577.46
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%3%2%6%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%58%51%57%49%66%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$3,430,546$2,904,566$2,646,029$2,261,815$2,284,764
Receivables, inventories, prepaids$269,387$273,677$370,786$147,077$93,246
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,699,933$3,178,243$3,016,815$2,408,892$2,378,010
Long-term investments$0$4,002$19,005$35,006$57,785
Fixed assets$21,875$26,812$45,374$43,732$26,977
Other long-term assets$0$0$45,736$45,668$48,907
Total long-term assets$21,875$30,814$110,115$124,406$133,669
Total assets$3,721,808$3,209,057$3,126,930$2,533,298$2,511,679
 
Liabilities20192018201720162015
Payables and accrued expenses$57,664$88,321$61,219$140,653$102,661
Other current liabilities$0$0$0$0$0
Total current liabilities$57,664$88,321$61,219$140,653$102,661
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$1,083$5,453$0
Total long-term liabilities$0$0$1,083$5,453$0
Total liabilities$57,664$88,321$62,302$146,106$102,661
 
Net assets20192018201720162015
Without donor restrictions$2,389,125$1,865,811$1,907,653$1,072,773$1,521,459
With donor restrictions$1,275,019$1,254,925$1,156,975$1,314,419$887,559
Net assets$3,664,144$3,120,736$3,064,628$2,387,192$2,409,018
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$6,819,224$6,149,573$6,029,241$4,821,076$4,463,466
Program service revenue$51,040$59,420$49,453$40,816$23,497
Membership dues$0$0$0$0$0
Investment income$4,186$1,736$1,652$1,758$1,857
Other revenue$0$0($9,318)$0$0
Total other revenue$55,226$61,156$41,787$42,574$25,354
Total revenue$6,874,450$6,210,729$6,071,028$4,863,650$4,488,820
 
Expenses20192018201720162015
Program services$4,827,275$4,753,866$4,068,373$3,712,370$2,677,479
Management and general$427,392$325,802$343,958$323,223$345,969
Fundraising$1,076,375$1,074,953$981,261$851,333$635,217
Total expenses$6,331,042$6,154,621$5,393,592$4,886,926$3,658,665
 
Change in net assets20192018201720162015
Surplus (deficit)$543,408$56,108$677,436($23,276)$830,155
Other changes in net assets$0$0$0$0$0
Total change in net assets$543,408$56,108$677,436($23,276)$830,155

Compensation

NameTitleCompensation
Reuben ThiessenChief Technology Officer$143,926
Abigail Bach VP ProgramStrategy & Philanthropy$133,804
George T DawsonPresident & CEO$130,000
Vanessa FolsomVP Operations & Secretary$109,988
Chris FentonSVP Operations & CFO$108,800
Paul ParkBoard Member/Strategy Consultant$65,749

Compensation data as of: 9/30/2019


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 12/14/2020. To update the information below, please email: info@ministrywatch.com


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