2013-09-20T13:00:57-05:00 2012-12-31 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2012-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197329 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA 2122197329 2013-09-20 1 ROBERT R LYONS CPA P00227472 2125038800 2012 2016-02-24 21:20:13Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 19502471 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. 10 9 167 0 0 0 0 0 14922648 18666552 11529 54613 256111 302019 15190288 19023184 0 0 0 0 9936638 10929767 0 0 0 3774305 3895585 13710943 14825352 1479345 4197832 9532580 14087830 2086633 2368592 7445947 11719238 X THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 0 0 11115976 18603982 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. 408415 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. 353097 62570 RESEARCH & ADVISORY SERVICES - 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. 299228 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. 299228 12176716 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 14 0 167 1 0 1 CA 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY CA IL X STEVEN BOSS 2122197300 ONE BATTERY PARK PLAZA 3RD FLOOR NEW YORK NY 10004 KENNETH J FORDE 2.00 X X 0 0 0 JUNE NORONHA 1.00 X X 0 0 0 STEVEN BERGLUND 1.00 X X 0 0 0 JOAN COLLIGAN 1.00 X 0 0 0 ANN G DAW 1.00 X 0 0 0 HANS DE WIT 1.00 X 0 0 0 DAVID LEYTON-BROWN 1.00 X 0 0 0 STEPHEN C DUNNETT 1.00 X 0 0 0 FRANCISCO MARMOLEJO 1.00 X 0 0 0 MARK GROSS 1.00 X 0 0 0 MARIAM ASSEFA 40.00 X 298246 0 23202 STEVEN BOSS 40.00 X 188340 0 20879 MARGARITA SIANOU 40.00 X 173830 0 16392 TIM OWEN 40.00 X 168300 0 15852 JOSEPH BILLI 40.00 X 205764 0 22013 ELISABETH CONNORS 40.00 X 148432 0 9375 LOULADEY ASSEFA 40.00 X 114620 0 6893 PAUL FELTMAN 40.00 X 121023 0 23848 RAHUL CHOUDAHA 40.00 X 114544 0 12612 1533099 0 151066 12 0 1 0 STARPOINT SOLUTIONS LLC 22 CORTLANDT STREET NEW YORK NY 10006 SOFTWARE DEVELOPMENT 994108 THE MELIOR GROUP 1528 WALNUT STREET SUITE 1414 PHILADELPHIA PA 19102 MARKETING CONSULTANT 129000 2 EDUCATION EVALUATION 611710 18615771 18615771 WORKSHOP INCOME 611710 50781 50781 18666552 50910 50910 172044 0 172044 172044 172044 482990 479287 3703 3703 3703 OTHER INCOME 900099 117090 117090 TRANSLATION GAIN 900099 12885 12885 129975 19023184 18666552 0 356632 892718 375937 516781 8211617 7191375 1020242 383024 339391 43633 827088 699358 127730 615320 512662 102658 78761 67120 11641 69609 1563 68046 350057 99826 250231 44671 41128 3543 165565 140455 25110 95538 80976 14562 945179 794287 150892 266376 209995 56381 223036 202619 20417 107149 89251 17898 28520 14930 13590 POSTAGE AND SHIPPING 609556 508255 101301 CREDIT CARD/BANK FEES 477542 465564 11978 EQUIPMENT RENTAL 156743 133119 23624 MISCELLANEOUS AND OTHER 143319 97230 46089 133964 111675 22289 14825352 12176716 2648636 0 342029 534030 4156316 7777964 56050 54806 196119 208293 3618290 528291 1988449 3089999 2793617 2422738 9532580 14087830 1496170 1905149 590463 463443 2086633 2368592 X 7445947 11719238 7445947 11719238 9532580 14087830 4197832 75459 0 X X 0 1 X 1 0 X 223182 222410 61793 507385 10544700 11091501 12805907 14922648 18666552 68031308 10767882 11313911 12867700 14922648 18666552 68538693 0 0 0 68538693 307261 291004 223106 197506 222954 1241831 307261 291004 223106 197506 222954 1241831 44576 101256 118510 86851 129975 481168 11119719 11706171 13209316 15207005 19019481 70261692 0.97550 0.96990 0.01770 0.02340 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2008 AMOUNT: $ 63,264. 2009 AMOUNT: $ 76,572. 2010 AMOUNT: $ 107,605. 2011 AMOUNT: $ 94,409. 2012 AMOUNT: $ 117,090. TRANSLATION GAIN LOSS - 2008 AMOUNT: $ -18,688. 2009 AMOUNT: $ 24,684. 2010 AMOUNT: $ 10,905. 2011 AMOUNT: $ -7,558. 2012 AMOUNT: $ 12,885. 182859 117240 65619 238579 154088 84491 3196852 256963 2939889 3089999 DEFERRED RENT AND OTHER 463443 463443 X 19098643 75459 75459 19023184 0 19023184 14825352 0 14825352 0 14825352 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2012 AND 2011 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, 2009. NORTH AMERICA 1 20 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND COMMUNITY ENGAGEMENT 1759055 1 20 0 0 1 20 1759055 0 1759055 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, 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 238446 0 59800 0 0 0 17580 0 5622 0 321448 0 0 0 STEVEN BOSS 164140 0 24200 0 0 0 10782 0 10097 0 209219 0 0 0 MARGARITA SIANOU 150330 0 23500 0 0 0 10770 0 5622 0 190222 0 0 0 TIM OWEN 153300 0 15000 0 0 0 12387 0 3465 0 184152 0 0 0 JOSEPH BILLI 147364 0 58400 0 0 0 11916 0 10097 0 227777 0 0 0 ELISABETH CONNORS 131832 0 16600 0 0 0 8898 0 477 0 157807 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 121513 SEE BELOW 0 HEATHER VELEZ SEE BELOW 46474 SEE BELOW 0 SCHEDULE L, PART IV: BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: LOULADEY ASSEFA IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2012.HEATHER VELEZ IS A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2012. 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 RECCOMENDATIONS 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 XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FOR THE PREPARATION OF ITS FINANCIAL STATEMENTS FROM THE PRIOR YEAR.