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Nonprofiteer
← CAMBRIDGE ASSESSMENT INC

Form 990 for tax year 2022

Filed by CAMBRIDGE ASSESSMENT INC.

Totals

Total revenue
$4,475,469
Total expenses
$10,830,441
Contributions and grants received
$0
Grants paid
$6,568,626
Program service revenue
$4,475,469
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$10,542,702
Management and general expenses
$287,739
Fundraising expenses
$0
Program service expenses (Part III)
$10,542,702

Program services were 97.3% 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: EXAMS & ASSESSMENTS

    total $4,475,469 · related or exempt $4,475,469

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $6,568,626 · program services $6,568,626

  • 5 · Compensation of officers, directors and key employees

    total $326,044 · program services $271,703 · management and general $54,341

  • 7 · Other salaries and wages

    total $1,683,313 · program services $1,558,623 · management and general $124,690

  • 8 · Pension plan contributions

    total $60,436 · program services $55,959 · management and general $4,477

  • 9 · Other employee benefits

    total $220,135 · program services $203,829 · management and general $16,306

  • 10 · Payroll taxes

    total $140,771 · program services $130,344 · management and general $10,427

  • 11a · Fees: management

    total $10,091 · program services $9,344 · management and general $747

  • 11g · Fees: other

    total $764,626 · program services $764,626

  • 12 · Advertising and promotion

    total $96,339 · program services $89,203 · management and general $7,136

  • 13 · Office expenses

    total $20,152 · program services $18,659 · management and general $1,493

  • 14 · Information technology

    total $1,884 · program services $1,744 · management and general $140

  • 16 · Occupancy

    total $126,204 · program services $116,856 · management and general $9,348

  • 17 · Travel

    total $399,652 · program services $370,048 · management and general $29,604

  • 19 · Conferences, conventions and meetings

    total $214,150 · program services $198,287 · management and general $15,863

  • 24a · Other expenses: MISCELLANEOUS

    total $198,018 · program services $184,851 · management and general $13,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,089,955 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $4,049,161 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,388,983 · end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,127

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,354,972 · end of year $0

Mission and programs · 2022

Mission

THE ORGANIZATION'S OBJECTIVE IS TO ADVANCE EDUCATION BY HELPING ALL LEARNERS ACCESS THE BENEFITS OF THEIR EDUCATION THROUGH RECEIVING A FAIR AND ACCURATE ASSESSMENT OF THEIR SKILLS, KNOWLEDGE AND UNDERSTANDING.

Activities or mission (Part I)

ADVANCE EDUCATION BY HELPING LEARNERS RECEIVE FAIR AND ACCURATE ASSESSMENTS OF THEIR SKILLS

  • EXAMINATIONS AND ASSESSMENTS - ADVANCE EDUCATION BY HELPING ALL LEARNERS ACCESS THE BENEFITS OF THEIR EDUCATION THROUGH RECEIVING A FAIR AND ACCURATE ASSESSMENT OF THEIR SKILLS, KNOWLEDGE AND UNDERSTANDING AND THE DOING OF ALL SUCH OTHER THINGS AS ARE INCIDENTAL OR CONDUCIVE TO THE ATTAINMENT OF THAT OBJECTIVE.

    Expenses $10,542,702 · Revenue $4,475,469

As filed on the 2022 return.

Listed in Part VII

  • Christine Ozden

    PRESIDENT

    Total calculated
    $364,349
    From this org
    $0
    From related orgs
    $364,349
    Other
    $0
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,716 related
    Bonus
    $0 + $88,633 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $364,349 related

  • Mark Cavone

    ASSISTANT SECRETARY

    Total calculated
    $302,799
    From this org
    $302,799
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $259,313
    Bonus
    $43,486
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $302,799

  • Francesca Woodward

    VICE PRESIDENT

    Total calculated
    $352,642
    From this org
    $0
    From related orgs
    $352,642
    Other
    $0
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,067 related
    Bonus
    $0 + $94,575 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $352,642 related

  • Vanessa McPhee

    TREASURER

    Total calculated
    $305,911
    From this org
    $0
    From related orgs
    $305,911
    Other
    $0
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,086 related
    Bonus
    $0 + $79,825 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $305,911 related

  • Paul Colbert

    SECRETARY

    Total calculated
    $419,237
    From this org
    $0
    From related orgs
    $419,237
    Other
    $0
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,760 related
    Bonus
    $0 + $88,477 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $419,237 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202313499349301206

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