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Nonprofiteer
← WORLD EDUCATION SERVICES INC

Form 990 for tax year 2024

Filed by WORLD EDUCATION SERVICES INC.

Totals

Total revenue
$139,593,000
Total expenses
$98,706,735
Contributions and grants received
$0
Grants paid
$6,912,235
Program service revenue
$99,612,079
Investment income
$39,798,853
Other revenue
$182,068
Total assets, end of year
$259,765,506
Total liabilities, end of year
$34,659,462
Net assets or fund balances, end of year
$225,106,044
Program services expenses (Part IX)
$79,157,073
Management and general expenses
$19,549,662
Fundraising expenses
$0
Program service expenses (Part III)
$79,157,073

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CREDENTIAL EVALUATIONS

    total $99,612,079 · related or exempt $99,612,079

  • 3 · Investment income

    total $3,779,937 · unrelated business -$7,748 · excluded $3,787,685

  • 7a · Gross sales of assets other than inventory

    securities $190,470,888

  • 7b · Less cost or other basis and sales expenses

    securities $154,451,972

  • 7c · Gain or loss

    securities $36,018,916

  • 7d · Net gain or loss

    total $36,018,916 · related or exempt $36,020,481 · unrelated business -$1,565

  • 11a · Other revenue: OTHER INCOME

    total $182,068 · related or exempt $182,068

  • 11e · Other revenue, total

    $182,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,547,621 · program services $4,547,621

  • 3 · Grants to foreign organizations and individuals

    total $2,364,614 · program services $2,364,614

  • 5 · Compensation of officers, directors and key employees

    total $5,124,528 · program services $2,375,626 · management and general $2,748,902

  • 7 · Other salaries and wages

    total $38,903,151 · program services $30,977,458 · management and general $7,925,693

  • 8 · Pension plan contributions

    total $2,332,245 · program services $1,881,571 · management and general $450,674

  • 9 · Other employee benefits

    total $4,564,891 · program services $3,678,311 · management and general $886,580

  • 10 · Payroll taxes

    total $2,963,985 · program services $2,371,188 · management and general $592,797

  • 11b · Fees: legal

    total $484,210 · program services $5,214 · management and general $478,996

  • 11c · Fees: accounting

    total $277,474 · management and general $277,474

  • 11d · Fees: lobbying

    total $19,336 · program services $19,336

  • 11f · Fees: investment management

    total $153,550 · management and general $153,550

  • 11g · Fees: other

    total $7,647,413 · program services $6,113,374 · management and general $1,534,039

  • 12 · Advertising and promotion

    total $1,453,458 · program services $1,257,648 · management and general $195,810

  • 13 · Office expenses

    total $1,966,344 · program services $984,398 · management and general $981,946

  • 14 · Information technology

    total $3,654,534 · program services $2,899,876 · management and general $754,658

  • 16 · Occupancy

    total $1,602,369 · program services $1,297,919 · management and general $304,450

  • 17 · Travel

    total $2,263,764 · program services $1,367,554 · management and general $896,210

  • 22 · Depreciation, depletion and amortization

    total $185,916 · program services $13,589 · management and general $172,327

  • 23 · Insurance

    total $108,197 · management and general $108,197

  • 24a · Other expenses: RECRUITMENT&CALL CENTER

    total $9,034,934 · program services $8,807,508 · management and general $227,426

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $3,584,698 · program services $3,239,398 · management and general $345,300

  • 24c · Other expenses: POSTAGE & PRINTING

    total $2,593,000 · program services $2,577,860 · management and general $15,140

  • 24d · Other expenses: CREDIT CARD & BANK FEES

    total $2,404,866 · program services $2,374,262 · management and general $30,604

  • 24e · All other expenses

    total $471,637 · program services $2,748 · management and general $468,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,061,833 · end of year $4,304,272

  • 2 · Savings and temporary cash investments

    beginning of year $26,632,732 · end of year $40,666,989

  • 4 · Accounts receivable

    beginning of year $492,242 · end of year $7,522,103

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,426,689 · end of year $1,764,371

  • 10a · Land, buildings and equipment: cost or other basis

    $4,011,398

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,809,551

  • 10c · Land, buildings and equipment, net

    beginning of year $181,126 · end of year $201,847

  • 11 · Investments: publicly traded securities

    beginning of year $37,948,671 · end of year $190,652,439

  • 12 · Investments: other securities

    beginning of year $158,934,062 · end of year $9,497,888

  • 13 · Investments: program-related

    beginning of year $1,754,793 · end of year $2,933,301

  • 15 · Other assets

    beginning of year $2,657,310 · end of year $2,222,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,102,639 · end of year $13,797,470

  • 18 · Grants payable

    beginning of year $3,089,818 · end of year $1,832,985

  • 19 · Deferred revenue

    beginning of year $15,063,808 · end of year $17,887,289

  • 25 · Other liabilities

    beginning of year $1,719,621 · end of year $1,141,718

  • 27 · Net assets without donor restrictions

    beginning of year $201,113,572 · end of year $225,106,044

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

HELP PEOPLE THRIVE IN NEW PLACES AND HELP SOCIETY SEE THE VALUE OF PEOPLE'S EDUCATION & EXPERIENCE.

  • CREDENTIAL EVALUATION: AS A LEADER IN GLOBAL EDUCATION FOR OVER 50 YEARS, WES HAS SET THE STANDARD FOR INTERNATIONAL ACADEMIC CREDENTIAL EVALUATION, SUPPORTING MILLIONS OF PEOPLE AS THEY SEEK TO ACHIEVE THEIR ACADEMIC AND PROFESSIONAL GOALS. IN 2024, WES SERVED MORE THAN 475,000 INDIVIDUALS, WHO BROUGHT THE ORGANIZATION NEARLY 620,000 ACADEMIC CREDENTIALS FOR EVALUATION FROM ALMOST 23,000 INSTITUTIONS FROM MORE THAN 200 COUNTRIES AND TERRITORIES AROUND THE WORLD. (CONTINUED ON SCHEDULE O).

    Expenses $59,060,070 · Revenue $99,612,079

  • SOCIAL IMPACT: WES ENGAGES IN PROGRAMMATIC INITIATIVES, POLICY AND ADVOCACY EFFORTS, AND PHILANTHROPIC ACTIVITIES TO SUPPORT THE ECONOMIC, EDUCATIONAL, AND SOCIAL INCLUSION OF IMMIGRANTS, REFUGEES, AND INTERNATIONAL STUDENTS IN THE UNITED STATES OF AMERICA AND CANADA.

    Expenses $20,097,003 · Grants $6,912,235

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AUDREY HENDLEY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SIDNEY R HARGO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HELEN HAYWARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • FERIDUN HAMDULLAHPUR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE GAYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOANNA HARRIES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHAKTI JAUHAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AARON WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE REDDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAOLO VARIAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FANTA AW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAMAL BHATTACHARYA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOMAS CHAMORRO-PREMUZIC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA DANIELS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AJAY PATEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ESTHER T BENJAMIN

    CEO & EXECUTIVE DIRECTOR

    Total calculated
    $996,526
    From this org
    $951,029
    From related orgs
    $0
    Other
    $45,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $614,029
    Bonus
    $337,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $21,347
    Filer's total
    $996,526

  • NITEESE LENTON AS OF 10724

    CHIEF FINANCIAL OFFICER

    Total calculated
    $81,305
    From this org
    $74,224
    From related orgs
    $0
    Other
    $7,081
    Hours/week
    40

  • JOHN VERMAATEN THRU 123124

    CHIEF FINANCIAL OFFICER

    Total calculated
    $618,588
    From this org
    $560,251
    From related orgs
    $0
    Other
    $58,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,251
    Bonus
    $220,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $34,187
    Filer's total
    $618,588

  • CHERYL TOTO

    CHIEF OPERATIONS OFFICER

    Total calculated
    $550,639
    From this org
    $492,302
    From related orgs
    $0
    Other
    $58,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,302
    Bonus
    $135,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $34,187
    Filer's total
    $550,639

  • MONICA K MUNN

    CHIEF SOCIAL IMPACT OFFICER

    Total calculated
    $424,466
    From this org
    $402,054
    From related orgs
    $0
    Other
    $22,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,054
    Bonus
    $95,000
    Other
    $0
    Deferred
    $22,412
    Nontaxable benefits
    $0
    Filer's total
    $424,466

  • SHAMIRA MADHANY

    MANAGING DIRECTOR, WES CANADA

    Total calculated
    $341,455
    From this org
    $328,072
    From related orgs
    $0
    Other
    $13,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,422
    Bonus
    $76,650
    Other
    $0
    Deferred
    $3,895
    Nontaxable benefits
    $9,488
    Filer's total
    $341,455

  • MEGAN BLACKBURN

    SIR. DIRECTOR, STRATEGY & PLANNING

    Total calculated
    $352,990
    From this org
    $307,107
    From related orgs
    $0
    Other
    $45,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,107
    Bonus
    $65,000
    Other
    $0
    Deferred
    $21,973
    Nontaxable benefits
    $23,910
    Filer's total
    $352,990

  • ABBIE J COWAN

    CHIEF PEOPLE OFFICER

    Total calculated
    $416,964
    From this org
    $392,590
    From related orgs
    $0
    Other
    $24,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,590
    Bonus
    $91,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $224
    Filer's total
    $416,964

  • BIREN SHAH

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $449,672
    From this org
    $425,522
    From related orgs
    $0
    Other
    $24,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,522
    Bonus
    $110,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $0
    Filer's total
    $449,672

  • HOLLY SANDERS

    CHIEF TRANSFORMATION OFFICER

    Total calculated
    $425,805
    From this org
    $392,323
    From related orgs
    $0
    Other
    $33,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,323
    Bonus
    $91,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $9,332
    Filer's total
    $425,805

  • PAUL FELTMAN

    DEPUTY EXECUTIVE DIRECTOR, GTB

    Total calculated
    $466,118
    From this org
    $418,058
    From related orgs
    $0
    Other
    $48,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,058
    Bonus
    $75,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $23,910
    Filer's total
    $466,118

  • ERNEST WURZBACH

    SR. DIRECTOR OF TECHNOLOGY

    Total calculated
    $368,803
    From this org
    $325,501
    From related orgs
    $0
    Other
    $43,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,701
    Bonus
    $70,800
    Other
    $0
    Deferred
    $20,112
    Nontaxable benefits
    $23,190
    Filer's total
    $368,803

  • BRIAN KOSTANTIN

    SR DIRECTOR OF SALES, MKTG & CS

    Total calculated
    $327,907
    From this org
    $305,144
    From related orgs
    $0
    Other
    $22,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,044
    Bonus
    $65,100
    Other
    $0
    Deferred
    $21,395
    Nontaxable benefits
    $1,368
    Filer's total
    $327,907

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B:
THE 457(B) PLAN IS AVAILABLE FOR ALL SENIOR DIRECTORS AND ABOVE. THE PLAN WAS ESTABLISHED AND MAINTAINED FOR THE PURPOSE OF PROVIDING AN ADDITIONAL MEANS FOR DEFERRED COMPENSATION FOR SPECIFIED EMPLOYEES. THE PLAN CONSISTS OF ONLY EMPLOYEE CONTRIBUTIONS AND WES DOES NOT PROVIDE ANY CONTRIBUTIONS TO THE 457(B) PLAN.
PART I, LINE 7:
WES HAS A PERFORMANCE-BASED INCENTIVE PLAN WITH PAYMENT LEVELS SET AT YEAR-END BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WES HOLDCO LLC

    HOLDINGS OF STRATEGIC INVESTMENTS AND OTHER MISSION ALIGNED INVESTMENTS · DE · income $299,232 · assets $7,208,325

    Directly controlled by WORLD EDUCATION SERVICES INC

  • WORLD EDUCATION SERVICES CANADA

    DEGREE EVALUATION · CA · income -$4,944,207 · assets $29,878,864

    Directly controlled by WORLD EDUCATION SERVICES INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EMINENCE QUALIFICATION CHECK PRIVATE LIMITED

    C · CREDENTIAL VERIFICATION · IN · 20.64% owned · share of income $60,039 · share of assets $24,493

    Directly controlled by QUALIFICATION CHECK LTD

  • QUALIFICATION CHECK LTD

    C · CREDENTIAL VERIFICATION · UK · 20.85% owned · share of income $551,331 · share of assets $618,217

    Directly controlled by WORLD EDUCATION SERVICES INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349306446

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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