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Inversant Inc

Public charity · Grantmaker Lynn, MA EIN: 27-1462229 Website

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 education.

Key facts about Inversant Inc

EIN
27-1462229
Latest 990 filing
Form 990, 2022
Total assets
$837,041

Data from IRS Form 990, 2022; updated September 2026.

Financial Overview

From 2022 IRS Form 990 · View filing

Total Assets

$837K

-33.6% YoY

Revenue

$499K

-53.7% YoY

Net Investment Income

$10

-84.6% YoY

Expenses

$1.1M

-37.8% YoY

About Inversant Inc

Based on IRS filings

Inversant Inc is a public charity focused on Youth Development, based in Lynn, MA. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $837K in total assets. Net investment income was $10.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

LynnSalemBoston

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2020 1 grant2021 0 grants2022

From 2020 to 2021, annual grant giving ranged from $5K (2021) to $104K (2020). In 2021 it made 1 grant totaling $5K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

4<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 5 (80%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2022.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022
Metric202220212020
Total Assets$837,041$1,260,534$1,714,535
Revenue$499,150$1,077,205$2,732,725
Expenses$1,064,672$1,712,455$1,618,019
Net Investment Income$10$65$14

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS February 9, 2022)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS October 12, 2022)
  3. IRS filings on file for fiscal years 2020–2022

Leadership & Key People

Officers and directors from IRS filings

Inversant Inc is led by Charles Desmond, Chair since 2021 (on filings since 2020); none of the 12 officers listed in 2022 report compensation.

Officers on the 2022 filing

  • Charles Desmond

    Chair

    CEO → Chair, 2021

    On filings since 2020

    2 hrs/week

    $102K (2020) → $0 (2022)

  • Dean Atkins

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Donna Stewartson

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Michael Taylor

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Robert Cashman

    Director

    On filings since 2020

    24 hrs/week

    No compensation reported

  • Robert J. Hildreth

    Director

    President & Chairman → Director, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Stacy Scott

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Jay Ash

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Jim Santiago

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Michael Tuteur

    Director

    New on the 2022 filing

    2 hrs/week

    No compensation reported

  • Benjamin Hildreth

    Treasurer

    Treasurer & Clerk → Treasurer, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Sally Currier

    Secretary

    Director → Secretary, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (13)
  • Former: Angela Ervin (2020–2021) — Director
  • Former: Fernando Reimers (2020–2021) — Director
  • Former: Heidi Hancock (2020–2021) — CEO
  • Former: Jon Rotenberg (2020–2021) — Director
  • Former: Laurent De Greef (2020–2021) — Director
  • Former: Michael Douvadjian (2020–2021) — Director
  • Former: Richard Reidy (2020–2021) — Former Director
  • Former: Ruth Moorman (2020–2021) — Director
  • Former: Rosalind Hill (2021) — Director
  • Former: Gladys Vega (2020) — Former Director
  • Former: Meghan Burke (2020) — Former Director
  • Former: Roz Hill (2020) — Director
  • Former: Winston Langley (2020) — Former Director

Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2021 IRS filing

Heidi Hancock — CEO: $151KHeidi HancockCEO$151K

The highest reported compensation on the 2021 filing was $151K, to Heidi Hancock (CEO).

Frequently asked questions about Inversant Inc

How large is Inversant Inc?

Inversant Inc reported $837K in total assets on its 2022 IRS Form 990. Its revenue that year was $499K.

What is Inversant Inc?

Inversant Inc is a public charity focused on Youth Development, based in Lynn, MA. It holds $837K in total assets as of 2022.

Where does Inversant Inc operate?

Inversant Inc has awarded grants in Massachusetts.

What is Inversant Inc's EIN?

Inversant Inc's EIN (Employer Identification Number) is 27-1462229. IRS Form 990 filing data is available on this page for 2020–2022.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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