2014-08-04T14:40:57-05:00 2013-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197329 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 2122197329 2014-08-04 1 ROBERT LYONS P00227472 2125038800 2013 2015-11-30 17:44:51Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 27668179 0 X WWW.WES.ORG X 1974 NY THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 12 11 189 0 4213 69 0 0 18666552 26692186 54613 83602 302019 167749 19023184 26943537 0 0 0 0 10929767 13507242 0 0 0 3895585 5281434 14825352 18788676 4197832 8154861 14087830 22265095 2368591 2556839 11719239 19708256 X THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 0 0 14482627 26594931 CREDENTIAL EVALUATIONS - WES OPERATES A FOREIGN CREDENTIAL EVALUATION AND VERIFICATION SERVICE IN THE UNITED STATES AND CANADA. THE SERVICE PROCESSES APPLICATIONS FOR EVALUATION FOR INDIVIDUALS SEEKING FURTHER EDUCATION (78% OF TOTAL), EMPLOYMENT, PROFESSIONAL LICENSING, AND IMMIGRATION OPPORTUNITIES IN THE UNITED STATES AND CANADA. 596962 0 GLOBAL TALENT BRIDGE - WES HELPS SKILLED IMMIGRANTS ACROSS THE UNITED STATES 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. 682994 20500 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 OFFERED TO HIGHER EDUCATION PROFESSIONALS ACROSS THE UNITED STATES. 326998 76755 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 INCLUDES ANALYSES OF INTERNATIONAL TRENDS, "HOW TO" ARTICLES ON CREDENTIAL EVALUATION WITH SAMPLE DOCUMENTS, AND UP-TO-DATE PROFILES OF THE EDUCATIONAL SYSTEMS OF VARIOUS COUNTRIES. 326998 76755 16089581 1 0 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 25 0 189 1 1 1 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 STEVEN BOSS 2129666311 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 301673 0 23717 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR/CFO 40.00 X 197620 0 17237 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 40.00 X 195575 0 17537 TIM OWEN DIRECTOR - WES CANADA 40.00 X 171000 0 12302 JOSEPH BILLI DIRECTOR - INFORMATION TECHNOLOGY 40.00 X 158552 0 20107 ELISABETH CONNORS DIRECTOR - FINANCE & ADMINISTRATION 40.00 X 160107 0 9720 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAGEMENT 40.00 X 137477 0 25639 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISORY SERVICES 40.00 X 136542 0 13876 FRANK GUTTILLA DIRECTOR - INSTITUTIONAL RELATIONS 40.00 X 111268 0 24106 1569814 0 164241 13 0 1 0 STARPOINT SOLUTIONS LLC 22 CORTLANDT STREET NEW YORK NY 10006 SOFTWARE DEVELOPMENT 1700818 THEODORE WILLIAMS CONSTRUCTION CO 641 LEXINGTON AVE NEW YORK NY 10022 OFFICE RENOVATIONS 253501 EMPIREMAN LLC 188 E 75TH ST APT 3A NEW YORK NY 10021 OFFICE RENOVATIONS 129640 RTS UNIFIED COMMUNICATIONS 80 BROAD STREET NEW YORK NY 10004 OFFICE RENOVATIONS 108637 4 CREDENTIAL EVALUATIONS 611710 26594931 26594931 KNOWLEDGE RESOURCE EXCHANGE 611710 76755 76755 RESEARCH & ADVISORY SERVICES 611710 20500 20500 26692186 49857 49857 44418 0 44418 44418 44418 758387 724642 33745 33745 33745 OTHER INCOME 900099 64775 64775 INSURANCE PROCEEDS 900099 54343 54343 INFORMATION TECHNOLOGY SERVICES 518210 4213 4213 123331 26943537 26692186 4213 247138 981181 403658 577523 10417043 9301027 1116016 431114 384287 46827 879048 775586 103462 798856 672388 126468 88924 86004 2920 88354 88354 284611 187253 97358 278629 246780 31849 963987 837748 126239 331922 234858 97064 53431 53431 106285 89597 16688 35205 35205 POSTAGE & PRINTING 1507027 1449101 57926 CREDIT CARD/BANK FEES 676160 660249 15911 MISCELLANEOUS 417444 323674 93770 EXPENSED EQUIPMENT 225081 201331 23750 224374 182609 41765 18788676 16089581 2699095 0 534030 455739 7777964 11995213 54806 50016 208293 151258 5903163 633010 3089999 5270153 2422738 4342716 14087830 22265095 1851012 2175227 341376 311671 176203 69941 2368591 2556839 X 11719239 19708256 11719239 19708256 14087830 22265095 X 8154861 58334 -224178 X X 0 1 X 1 0 X 222410 61793 284203 11091501 12805907 14922648 18666552 26692186 84178794 11313911 12867700 14922648 18666552 26692186 84462997 0 0 0 84462997 291004 223106 197506 222954 94275 1028845 291004 223106 197506 222954 94275 1028845 1069 1069 76572 107605 94409 117090 119118 514794 11681487 13198411 15214563 19006596 26906648 86007705 0.98200 0.97550 0.01200 0.01770 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 76,572. 2010 AMOUNT: $ 107,605. 2011 AMOUNT: $ 94,409. 2012 AMOUNT: $ 117,090. 2013 AMOUNT: $ 64,775. INSURANCE PROCEEDS - 2013 AMOUNT: $ 54,343. 738048 137401 600647 392778 234062 158716 4772337 261547 4510790 5270153 DEFERRED RENT 69941 69941 X 27001871 58334 58334 26943537 0 26943537 19012854 224178 224178 18788676 0 18788676 PART X, LINE 2: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013 AND 2012 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. WES IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2010. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSLATION LOSS 224,178. NORTH AMERICA 1 25 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND COMMUNITY ENGAGEMENT 5333016 1 25 0 0 1 25 5333016 0 5333016 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 0 0 0 0 0 0 0 1 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 248673 0 53000 0 0 0 18180 0 5537 0 325390 0 0 0 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR/CFO 171294 0 20000 0 6326 0 11700 0 5537 0 214857 0 0 0 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 170575 0 25000 0 0 0 12000 0 5537 0 213112 0 0 0 TIM OWEN DIRECTOR - WES CANADA 156000 0 15000 0 0 0 11536 0 766 0 183302 0 0 0 JOSEPH BILLI DIRECTOR - INFORMATION TECHNOLOGY 150952 0 7600 0 0 0 9786 0 10321 0 178659 0 0 0 ELISABETH CONNORS DIRECTOR - FINANCE & ADMINISTRATION 144107 0 16000 0 0 0 9720 0 0 0 169827 0 0 0 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAGEMENT 120227 0 17250 0 0 0 8835 0 16804 0 163116 0 0 0 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISORY SERVICE 125542 0 11000 0 0 0 8339 0 5537 0 150418 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 113876 SEE BELOW 0 HEATHER VELEZ SEE BELOW 51617 SEE BELOW 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 2013.HEATHER VELEZ IS A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2013. 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 FINANCE AND AUDIT 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 -224,178. 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.