Edventure Group Inc

Edventure Group Inc maintains stable operations with growing assets but also increasing liabilities.

EIN: 161642857 · Morgantown, WV · NTEE: B032 · Updated: 2026-03-28

$1.5MRevenue

$1.6MAssets

85/100Mission Score (Excellent)

B032

About Edventure Group Inc

Edventure Group Inc (EIN: 161642857) is a nonprofit organization based in Morgantown, WV, classified under NTEE code B032. The organization reported total revenue of $1.5M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edventure Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Edventure Group Inc demonstrates consistent financial activity, with revenues and expenses generally in balance over the past several years. For example, in 2023, revenue was $1,599,404 against expenses of $1,561,483, indicating a slight surplus. The organization's assets have shown growth, reaching $1,512,080 in 2023, up from $880,393 in 2019, suggesting prudent financial management and accumulation of resources. However, liabilities have also increased significantly, from $0 in 2019 to $830,385 in 2023, which warrants closer examination to understand the nature of these obligations.

The organization appears to maintain a strong program focus, as indicated by the absence of reported officer compensation across all available filings, which suggests resources are directed towards its mission rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent operational balance and lack of executive compensation are positive indicators of spending efficiency. The increase in liabilities, however, could impact future financial flexibility if not managed effectively. Overall, Edventure Group Inc appears to be a financially stable organization with a commitment to its mission, though the growth in liabilities is a point to monitor.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Edventure Group Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Edventure Group Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is a strong positive for directing funds towards the organization's mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Edventure Group Inc's IRS 990 filings:

Significant increase in liabilities from $0 in 2019 to $830,385 in 2023 without clear explanation.

Strengths

The following positive indicators were identified for Edventure Group Inc:

Consistent revenue generation and operational stability.
Zero reported officer compensation, indicating high efficiency in directing funds to mission.
Growing asset base, from $880,393 in 2019 to $1,512,080 in 2023.
Positive net income in most recent filing (2023: Revenue $1,599,404 vs. Expenses $1,561,483).

Frequently Asked Questions about Edventure Group Inc

What caused the significant increase in liabilities from $0 in 2019 to $830,385 in 2023?

The provided data does not specify the nature of these liabilities, but their rapid increase warrants further investigation into the organization's balance sheet.

How does Edventure Group Inc manage its operational costs without paying officer compensation?

The data suggests that the organization operates with a volunteer leadership or that compensation for key personnel is categorized differently, which is a highly efficient model for resource allocation.

What is the specific breakdown of program, administrative, and fundraising expenses?

While not explicitly detailed in the provided summary, the overall financial health and lack of officer compensation suggest a strong program focus. A detailed 990 form would provide this breakdown.

Filing History

IRS 990 filing history for Edventure Group Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Edventure Group Inc's revenue has grown by 233%, moving from $480K to $1.6M. Total assets increased by 141% over the same period, from $627K to $1.5M. Total functional expenses rose by 247%, from $450K to $1.6M. In its most recent filing year (2023), Edventure Group Inc reported a surplus of $38K, with revenue exceeding expenses. The organization holds $830K in liabilities against $1.5M in assets (debt-to-asset ratio: 54.9%), resulting in net assets of $682K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.6M	$1.6M	$1.5M	$830K	—	—
2022	$1.5M	$1.5M	$1.5M	$851K	—	View 990
2021	$1.5M	$1.5M	$1.2M	$514K	—	View 990
2020	$1.8M	$1.7M	$1.1M	$479K	—	View 990
2019	$858K	$756K	$880K	$0	—	View 990
2018	$514K	$623K	$778K	$32K	—	View 990
2017	$412K	$543K	$921K	$43K	—	View 990
2016	$678K	$532K	$1.0M	$40K	—	View 990
2015	$614K	$567K	$880K	$37K	—	View 990
2014	$726K	$610K	$842K	$40K	—	View 990
2013	$613K	$505K	$727K	$40K	—	View 990
2012	$393K	$413K	$612K	$33K	—	View 990
2011	$480K	$450K	$627K	$29K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue +9.2% year-over-year).
2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue -2.6% year-over-year).
2021: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue -15.7% year-over-year).
2020: Revenue of $1.8M, expenses of $1.7M, and assets of $1.1M (revenue +107.8% year-over-year).
2019: Revenue of $858K, expenses of $756K, and assets of $880K (revenue +67.0% year-over-year).
2018: Revenue of $514K, expenses of $623K, and assets of $778K (revenue +24.9% year-over-year).
2017: Revenue of $412K, expenses of $543K, and assets of $921K (revenue -39.3% year-over-year).
2016: Revenue of $678K, expenses of $532K, and assets of $1.0M (revenue +10.4% year-over-year).
2015: Revenue of $614K, expenses of $567K, and assets of $880K (revenue -15.5% year-over-year).
2014: Revenue of $726K, expenses of $610K, and assets of $842K (revenue +18.5% year-over-year).
2013: Revenue of $613K, expenses of $505K, and assets of $727K (revenue +56.0% year-over-year).
2012: Revenue of $393K, expenses of $413K, and assets of $612K (revenue -18.2% year-over-year).
2011: Revenue of $480K, expenses of $450K, and assets of $627K.

Data Sources and Methodology

This transparency report for Edventure Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.