2016-11-14T13:28:36-06:00 2015-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197309 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 2122197309 2016-11-14 1 ROBERT LYONS P00227472 2125038800 2015 2017-02-10 21:41:12Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 42281269 0 X WWW.WES.ORG X 1974 NY WES ADVANCES THE GLOBAL MOBILITY AND INTEGRATION OF PEOPLE INTO ACADEMIC AND PROFESSIONAL SETTINGS BY EVALUATING AND ADVOCATING FOR RECOGNITION OF INTERNATIONAL EDUCATIONAL QUALIFICATIONS, AND ENABLING INDIVIDUALS TO FULLY UTILIZE THEIR EDUCATION. 12 11 283 11 0 0 181988 174800 42074980 40793896 -4270676 637452 48039 49731 38034331 41655879 0 0 0 0 17638918 21300472 0 0 0 9600986 10938131 27239904 32238603 10794427 9417276 33017942 49607644 3137316 12808502 29880626 36799142 X WES ADVANCES THE GLOBAL MOBILITY AND INTEGRATION OF PEOPLE INTO ACADEMIC AND PROFESSIONAL SETTINGS BY EVALUATING AND ADVOCATING FOR RECOGNITION OF INTERNATIONAL EDUCATIONAL QUALIFICATIONS, AND ENABLING INDIVIDUALS TO FULLY UTILIZE THEIR EDUCATION. 0 0 23127046 40647948 CREDENTIAL EVALUATION-WES OPERATES A FOREIGN CREDENTIAL EVALUATION AND VERIFICATION SERVICE IN THE UNITED STATES AND CANADA. THE SERVICE PROCESSES APPLICATIONS FOR EVALUATION FOR IMMIGRATION (52%), INDIVIDUALS SEEKING FURTHER EDUCATION (40%), EMPLOYMENT (4%), PROFESSIONAL LICENSING (3%), AND OTHER (1%). 1403900 GLOBAL TALENT BRIDGE - WES HELPS SKILLED IMMIGRANTS OVERCOME THE BARRIERS THAT KEEP THEM FROM FULLY UTILIZING THEIR TALENTS AND EDUCATION IN THE UNITED STATES AND CANADA BY PROVIDING PROFESSIONAL DEVELOPMENT AND TRAINING TO THE STAFF OF COMMUNITY AND GOVERNMENT ORGANIZATIONS, DIRECT OUTREACH, AND RESEARCH STUDIES AND RESOURCES. 1293142 53875 RESEARCH & ADVISORY SERVICES ("RAS")- WES PROVIDES RESEARCH-BASED CONSULTING SOLUTIONS TO STUDENT MOBILITY, INTERNATIONAL ENROLLMENT, AND TRANSNATIONAL EDUCATION. BASED ON ITS RESEARCH, WES ALSO PRODUCES REPORTS AND CONDUCTS WORKSHOPS AND WEBINARS. 1532648 92073 KNOWLEDGE RESOURCE EXCHANGE-WES PROVIDES TRAINING ON FOREIGN CREDENTIAL EVALUATION METHODS AND PROCEDURES, INTERNATIONAL RECRUITMENT STRATEGIES, AND COUNTRY EDUCATIONAL SYSTEMS THROUGH WORKSHOPS AND WEBINARS. WES PRODUCES WORLD EDUCATION NEWS & REVIEWS, A MONTHLY ONLINE PUBLICATION FOR PROFESSIONALS IN INTERNATIONAL EDUCATION, WHICH INLCUDES ANALYSIS OF INTERNATIONAL TRENDS, "HOW TO" ARTICLES ON CREDENTIAL EVALUATION WITH SAMPLE DOCUMENTS, AND UP-TO-DATE PROFILES OF THE EDUCATIONAL SYSTEMS OF VARIOUS COUNTRIES. 1532648 92073 27356736 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 48 0 283 1 0 1 CA 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY IL CA X ELISABETH CONNORS 2122197309 ONE BATTERY PARK PLAZA 3RD FLOOR NEW YORK NY 10004 JUNE NORONHA CHAIR 2.00 X X 0 0 0 MARK GROSS VICE CHAIR 1.00 X X 0 0 0 STEVEN BERGLUND SECRETARY/TREASURER 1.00 X X 0 0 0 CURTIS S CHIN TRUSTEE 1.00 X 0 0 0 JOAN COLLIGAN TRUSTEE 1.00 X 0 0 0 ANN G DAW TRUSTEE 1.00 X 0 0 0 STEPHEN C DUNNETT TRUSTEE 1.00 X 0 0 0 KENNETH J FORDE TRUSTEE 1.00 X 0 0 0 DAVID LEYTON-BROWN TRUSTEE 1.00 X 0 0 0 FRANCISCO MARMOLEJO TRUSTEE 1.00 X 0 0 0 JOHN OVRUTSKY TRUSTEE 1.00 X 0 0 0 HANS DE WIT TRUSTEE 1.00 X 0 0 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 40.00 X 301828 0 29550 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR 40.00 X 234350 0 37287 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 40.00 X 251808 0 29296 ELISABETH CONNORS DIRECTOR - FINANCE & ADMIN 40.00 X 194130 0 43430 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAG 40.00 X 161082 0 42750 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISO 40.00 X 164607 0 23642 LOULADEY ASSEFA EXTERNAL EVALUATOR 40.00 X 165650 0 4970 FRANK GUTTILLA SENIOR DIR. PRODUCTION AND OPERATONS. 40.00 X 137939 0 41263 MIKE LOWE SENIOR DIRECTOR OF HUMAN RESOURCES 40.00 X 141316 0 32479 1752710 0 284667 10 0 1 0 GROUP 88 INC 1099 WALL ST W 392 LYNDHURST NJ 07071 SOFTWARE DEVELOPMENT (AICES.NET) 700770 HIGHLAND TRAINING LLC 60 SUNDANCE DRIVE COS COB CT 06807 DEVELOPING TRAINING MATERIALS 444041 HAY GROUP INC 2310 PLAZA FIVE HARBORSIDE FINANCI JERSEY CITY NJ 07311 HR COMPENSATION CONSULTANTS 143000 MAY BEE INC 33 LARGO LANE CLARK NJ 07066 SOFTWARE DEVELOPMENT - AICES.NET TESTING 101250 4 174800 174800 CREDENTIAL EVALUATIONS 611710 40740021 40740021 RESEARCH & ADVISORY SERVICES 611710 53875 53875 40793896 626499 626499 636343 625390 10953 10953 10953 OTHER INCOME 900099 49731 49731 49731 41655879 0 0 41481079 1027610 877314 150296 16873888 14463422 2410466 743856 610946 132910 1547221 1270767 276454 1107897 909940 197957 102166 11393 90773 102376 33057 69319 105177 105177 1454351 976915 477436 436376 417007 19369 1190628 1003182 187446 440094 336047 104047 173487 146193 27294 40986 7860 33126 POSTAGE & PRINTING 3802271 3802251 20 CREDIT CARD/BANK FEES 1316937 1312759 4178 MISCELLANEOUS 1052450 546457 505993 EXPENSED EQUIPMENT 317277 275467 41810 403555 355759 47796 32238603 27356736 4881867 0 363994 683167 10130678 10223549 21727 9157 256708 359887 2155958 340982 747792 1814976 21497043 36516908 33017942 49607644 2515276 2927349 292162 9144567 329878 736586 3137316 12808502 X 29880626 36799142 29880626 36799142 33017942 49607644 X 9417276 -735245 -1763515 X X 0 1 X 1 0 X 181988 174800 356788 14922648 18666552 26692186 42074980 40793896 143150262 14922648 18666552 26692186 42256968 40968696 143507050 0 0 0 143507050 197506 222954 94275 212922 626499 1354156 197506 222954 94275 212922 626499 1354156 1069 1069 94409 117090 119118 48039 49731 428387 15214563 19006596 26906648 42517929 41644926 145290662 0.98770 0.98770 0.00930 0.00810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 721558 112810 608748 878579 213865 664714 555821 14307 541514 1814976 DEFERRED RENT 736586 736586 X 40920634 -735245 -735245 41655879 0 41655879 34002118 1763515 1763515 32238603 0 32238603 PART X, LINE 2: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015 AND 2014 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSLATION LOSS 1,763,515. NORTH AMERICA 1 53 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND COMMUNITY ENGAGEMENT 14083251 1 53 0 0 1 53 14083251 0 14083251 0 0 0 0 0 0 PART I, LINE 3: THE EXPENDITURES REPORTED IN COLUMN F REPRESENT THE ANNUAL EXPENDITURES OF WORLD EDUCATION SERVICES, CANADA (A BRANCH OF WORLD EDUCATION SERVICES, INC.) TRANSLATED INTO U.S. DOLLARS. X X X X 1 0 0 0 0 0 0 1 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 271828 0 30000 0 0 0 18550 0 11000 0 331378 0 0 0 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR 204350 0 30000 0 0 0 15530 0 21757 0 271637 0 0 0 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 206808 0 45000 0 0 0 16050 0 13246 0 281104 0 0 0 ELISABETH CONNORS DIRECTOR - FINANCE & ADMIN 164980 0 29150 0 0 0 13125 0 30305 0 237560 0 0 0 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAG 146082 0 15000 0 0 0 11335 0 31415 0 203832 0 0 0 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISO 149607 0 15000 0 0 0 11335 0 12307 0 188249 0 0 0 LOULADEY ASSEFA EXTERNAL EVALUATOR 163650 0 2000 0 0 0 4970 0 0 0 170620 0 0 0 FRANK GUTTILLA SENIOR DIR. PRODUCTION AND OPERATONS 123339 0 14600 0 0 0 9888 0 31375 0 179202 0 0 0 MIKE LOWE SENIOR DIRECTOR OF HUMAN RESOURCES 127716 0 13600 0 0 0 9858 0 22621 0 173795 0 0 0 PART I, LINE 7 WES HAS A PERFORMANCE-BASED INCENTIVE PLAN WITH PAYMENT LEVELS SET AT YEAR-CLOSE BY THE BOARD. LOULADEY ASSEFA SEE BELOW 173113 SEE BELOW;LISTTOTAL 173,113 0 HEATHER VELEZ SEE BELOW 75901 SEE BELOW;LISTTOTAL 75,901 0 NEGASH YUSUF SEE BELOW 89000 SEE BELOW;LISTTOTAL 89,000 0 SCHEDULE L, PART IV: LOULADEY ASSEFA IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2015.HEATHER VELEZ IS A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2015.NEGASH YUSUF IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2015. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICER. COPIES ARE THEN SENT TO EACH MEMBER OF THE FINANCE AND AUDIT COMMITTEE FOR REVIEW. FOLLOWING REVIEW BY THE FINANCE AND AUDIT COMMITTEE, COPIES ARE SENT OUT TO THE ENTIRE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD TRUSTEES, AS WELL AS SENIOR MANAGEMENT STAFF, ARE REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE FORM." THIS IS DONE IN THE FIRST HALF OF THE YEAR. EACH SIGNER INDICATES THAT THEY HAVE READ THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND INDICATES WHETHER THEY DO OR DO NOT HAVE A CONFLICT OR A POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER FOR COMPLIANCE. TO DATE, THERE HAS BEEN COMPLIANCE WITH THE POLICY. SHOULD A CONFLICT BE FOUND, THE ORGANIZATION WILL ADDRESS SUCH CONFLICT ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 EVERY TWO TO THREE YEARS, THE ORGANIZATION ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE ORGANIZATION'S SALARIES, SALARY STRUCTURE, AND SALARY POLICY AND MAKE RECOMENDATIONS FOR CHANGES. COMPARABILITY DATA IS USED. THE COMPENSATION CONSULTANT REPORTS TO THE COMPENSATION COMMITTEE. THE FULL REPORT IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION REPORT ADDRESSES THE COMPARABILITY OF THE EXECUTIVE DIRECTOR'S/CEO'S SALARY AS WELL AS THE SALARY OF ALL OFFICERS AND KEY EMPLOYEES. IN ADDITION, THE BOARD OF TRUSTEES ANNUALLY APPROVES AND PROVIDES SUBSTANTIATION OF THE DELIBERATION AND DECISION REGARDING THE EXECUTIVE DIRECTOR'S/CEO'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 WES MAKES ITS FORM 990 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSLATION LOSS -1,763,515. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FOR THE PREPARATION OF ITS FINANCIAL STATEMENTS FROM THE PRIOR YEAR.