World Learning INC EIN 03-0179592

World Learning INC FY2022 filing

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Empowers global citizens and institutions through international education, study abroad programs, and exchange opportunities to foster a more peaceful, sustainable, and just world. For fiscal year 2022 it reported $92.8M in revenue, $92.5M in expenses, and $47.6M in net assets.Pt I

Founded
1932
Type
Public charity (501(c)(3)) · International
Location
Brattleboro, VT
Website
www.worldlearninginc.org
Filings
5 on file (2020–2022)
Revenue
$92.8MFY2022
Expenses
$92.5M
Net assets
$47.6M
People
36
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0179592 Public charity (501(c)(3)) Brattleboro, VT Founded 1932
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/7/26 · see original: IRS
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Size
$10–100M
What they do
Empowers global citizens and institutions through international education, study abroad programs, and exchange opportunities to foster a more peaceful, sustainable, and just world.
Leadership
Carol Jenkins · CEO · $299K
Money in and out
$92.8M revenue, $92.5M expenses
Where the money goes · FY2022
Total revenue
$92.8M
Pt VIII · Ln 12
Total expenses
$92.5M
Pt IX · Ln 25
Net assets
$47.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $261K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$92.8M
FY2022▲ +91%
Expenses
$92.5M
FY2022▲ +87%
Total assets
$65.3M
FY2022▼ -6%
Total liabilities
$17.7M
FY2022▲ +21%
Total revenue
$92.8M
Pt VIII · Ln 12
Total expenses
$92.5M
Pt IX · Ln 25
Net assets
$47.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$261K
Total assetsPt X · Ln 16$65.3M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

3 program services account for $80.3M of program spending, described in the organization's own filed words · FY2021.
01

Global Development and Exchange

For more than 30 years, World Learning has worked to bridge the gap between the desire for human development and the ability to achieve that goal. We work globally to build the capacity of individuals, communities, and institutions to take ownership of their own development, secure just and effective policies and structures, and create…

$55.2Mprogram expense
02

Sit Study Abroad

A pioneer in experiential, field-based study abroad, SIT offers semester, summer, and custom term programs for undergraduate students in over 40 countries worldwide, as well as comparative programs in multiple locations. Our program mission: Prepare students to be inter-culturally effective leaders, professionals, and citizens.

$21.8Mprogram expense
03

Sit Graduate Institute

The SIT Graduate Institute offers graduate students and professionals internationally focused full-time and hybrid degrees accredited master's degrees, as well as certificate and professional development programs. Program options are provided in U.S.

$3.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWorld Learning INC
EINHdr · item D03-0179592
Principal addressHdr · item CBrattleboro, VT
WebsiteHdr · item Jwww.worldlearninginc.org
Year of formationHdr · item L1932
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q230)
Ruling yearIRS BMFJun 1957

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$298,561Pt VII · Sec A
SVP Finance, Cfao
$277,763Pt VII · Sec A
President, Sit
$247,954Pt VII · Sec A
Vice President, Global Programs
$201,201Pt VII · Sec A
SVP of Legal Affairs and General Counsel
$192,319Pt VII · Sec A
Vice President, HR & Administration
$186,560Pt VII · Sec A
Executive Director: Corporate Finance
$156,508Pt VII · Sec A
VP, Business Development
$155,001Pt VII · Sec A

Sophia Howlett’s $383K as President, Sit (thru 12/25) is at the 75th percentile of top reported officer pay among 344 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Carol Jenkins$473,388$298,316$298,561$305,565$297,666
Sophia Howlett$383,462
Konstantin Lomidze$354,670
Carol Jenkins$296,122
Sophia Howlett$281,775$278,229$247,954$244,391$235,982
Konstantin Lomidze$277,691$274,129$277,763$274,818$273,264
Lisa Rae$218,025
Lisa Rae$211,896$201,796$192,319$190,287$184,056

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$81.0M · 87%
Contributions & grants$7.9M · 8%
Investment income$3.9M · 4%
Program service revenue87%$81.0M
Contributions & grants8%$7.9M
Investment income4%$3.9M
Other revenue$85K
— government grantsLn 1e$5.6M
Total revenueLn 12$92.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program services91%$83.9M
Management & general8%$7.7M
Fundraising1%$875K
Total functional expensesLn 25$92.5M

Balance Sheet

Part X · end of year
CashLn 1$4.7M
Total assetsLn 16$65.3M
Total liabilitiesLn 26$17.7M
Total net assetsLn 32$47.6M
Months of cash on handcomputed0.6

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 536 grants · $40.3M · 2019–2024
Georgetown UniversityDC · FY2024$1,213,955
Unitemized GrantFY2024$735,039
Amigos De Las AmericasTX · FY2024$606,712
Unitemized GrantFY2024$316,270
Management System International INCFY2024$103,262
Unitemized GrantFY2024$75,526
University of MarylandFY2024$62,973
World Affairs CouncilWA · FY2024$62,263
University of WyomingWY · FY2024$53,487
Colleagues InternationalMI · FY2024$51,570
Wayne State UniversityMI · FY2024$49,182
See all 536 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$110.9M revenue · ⤓ 990 PDF
FY2023$108.7M revenue · ⤓ 990 PDF
FY2022$92.8M revenue · viewing · ⤓ 990 PDF
FY2021$48.7M revenue · ⤓ 990 PDF
FY2020$107.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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