World Education INC

Boston, MAUnknown exempt organizationSince 1951EIN 13-1804349Revenue $48.1M in FY2023

On file with the IRSworlded.org/weiinternet44 Farnsworth Street · Boston, MA

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World Education is dedicated to improving the lives of the poor through Education, and economic and social development programs.

80¢ of each $1 spent went to programs.
Run by 13 volunteers and 91 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $589K a year · 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48.1M
-7% vs prior year
Spent
$48.3M
To programs
80%
Net assets
$0
By yearFY2020–FY2023
Revenue
$48.1M
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$42.3M
FY2021$46.8M
FY2022$51.8M
FY2023$48.1M
Expenses
$48.3M
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$42.3M
FY2021$45.2M
FY2022$51.0M
FY2023$48.3M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$5.7M
FY2022$6.5M
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $38.7M Management & general 20% · $9.5M Fundraising 0% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Exec Dir, Bantwana Division & VP Wei
$174,402Pt VII · Sec A
Program Director
$171,329Pt VII · Sec A
Chief of Party
$165,943Pt VII · Sec A
Vice President
$162,550Pt VII · Sec A
Chief of Party
$152,167Pt VII · Sec A
Project Director (thru 12/22)
$148,883Pt VII · Sec A
Director of Finance & Operations, Af
$144,503Pt VII · Sec A
Director (thru 04/23)
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Haiyan Hua—$139,601$194,390$183,961
David Noyes——$183,944—
Gillian Garb-Sieff$148,883$181,924$177,964$170,363
Patience Ndlovu$174,402———
David C Noyes$171,329$171,412——
Bernard Frank$165,943———
Daniel Macneil$162,550$155,738$152,899$143,406
Tsitsi Chrinda$152,167———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves lives through education and economic/social development programs for the poor.

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Provided by the organization

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3 programs · $35.4M · in their own filed words · FY2022
01

Bantwana/Ovc Programs

The bantwana initiative of world education works with vulnerable children, adolescents and their families who are affected by poverty, hiv, and gender-based violence. Bantwana delivers critical wrap around services to ensure access to education; social and child protection; economic strengthening; and health, HIV/AIDS and post-abuse…

$16.1Mprogram expense
02

Africa Programs

World education INC.'S africa division supports a variety of education programming in uganda, ghana, mozambique, cote d'ivoire, benin, and mali. These programs involve both formal education and non-formal education support and serve both adults and children as well as the ministries that oversee their well-being and education provision.

$12.3Mprogram expense
03

Asia Programs

World education's asia division currently operates in myanmar, laos, nepal and cambodia and focuses on four thematic areas, basic education, strengthening systems and support for persons with disabilities, MIGRATION/ANTI-TRAFFICKING and child labor elimination, and youth development.

$7.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 14 grants · $2.9M · 2019–2022
Handicap InternationalMD · FY2022$973,802
Unitemized GrantFY2022$56,586
Alice InternationalFY2022$36,457
Tuskegee UniversityAL · FY2022$30,515
Handicap InternationalMD · FY2021$400,144
Unitemized GrantFY2021$20,237
Alice InternationalFY2021$19,405
Achieving the Dream INCMD · FY2021$7,500
Handicap InternationalMD · FY2020$672,163
Unitemized GrantFY2020$36,066
Handicap InternationalMD · FY2019$585,495
Jobs for the Future INCMA · FY2019$72,800
Achieving the Dream INCMD · FY2019$15,000
The Pennsylvania State UniversityFY2019$9,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$48.1M
Ln 12
Gifts and grantsLn 1h$48.1M
Other incomeLn 4–11$30K
Investment incomeLn 3$11K
Money outPt IX
$48.3M
Ln 25
Programscol B$38.7M
Managementcol C$9.5M
Fundraisingcol D$22K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48.1M
Government grantsLn 1e$40.8M
Investment incomeLn 3$11K
Other incomeLn 4–11$30K
Total revenueLn 12$48.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 591
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5.4M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6K$0
Total assetsLn 16$10.9M$0
LiabilitiesLn 26$4.4M$0
Net assetsLn 32$6.5M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Grants to domestic individualsLn 2$57K$57K
Grants and assistance to foreign recipientsLn 3$11.5M$11.5M
Pay of current officers, directors and key staffLn 5$240K$130K$110K$70
Other salaries and wagesLn 7$5.6M$3.0M$2.6M$2K
Other employee benefitsLn 9$2.8M$1.5M$1.3M$794
Other fees for servicesLn 11g$3.5M$828K$2.6M
Office expensesLn 13$2.3M$2.0M$239K
OccupancyLn 16$1.4M$315K$1.1M
TravelLn 17$1.6M$1.5M$145K
Other expenses (24a–d)Ln 24$17.4M$16.8M$575K$19K
All other expensesLn 24e$874K$5K$869K$259
Total functional expensesLn 25$48.3M$38.7M$9.5M$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $48.1M$48.3M−$162K$0 990 PDF
FY2022 $51.8M$51.0M$834K$6.5M 990 PDF
FY2021 $46.8M$45.2M$1.6M$5.7M 990 PDF
FY2020 $42.3M$42.3M$62K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $48,101,068 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,789,874$48,060,017
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10,536$11,340
I-11 Other revenuePrior year $0$29,711
I-12 Total revenuePrior year $51,800,410$48,101,068
I-13 Grants and similar amounts paidPrior year $12,496,811$12,573,345
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,274,856$8,625,035
I-16a Professional fundraising feesPrior year $4,550$0
I-17 Other expensesPrior year $30,190,540$27,064,329
I-18 Total expensesPrior year $50,966,757$48,262,709
I-19 Revenue less expensesPrior year $833,653−$161,641
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $48,101,068 across 7 lines filed
VIII-1d Related organizations$199,848
VIII-1e Government grants$40,818,074
VIII-1f All other contributions, gifts and grants$7,042,095
VIII-1h Total contributions, gifts and grants$48,060,017
VIII-3 Investment incomeExcluded from tax $11,340$11,340
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $29,711$29,711
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $41,051$48,101,068
Part IX · Statement of functional expenses $48,262,709 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $1,040,774$1,040,774
IX-2 Grants to domestic individualsPrograms $56,586$56,586
IX-3 Grants and assistance to foreign recipientsPrograms $11,475,985$11,475,985
IX-5 Pay of current officers, directors and key staffPrograms $129,979 · Management $110,426 · Fundraising $70$240,475
IX-7 Other salaries and wagesPrograms $2,985,780 · Management $2,597,354 · Fundraising $1,645$5,584,779
IX-9 Other employee benefitsPrograms $1,546,159 · Management $1,252,828 · Fundraising $794$2,799,781
IX-11g Other fees for servicesPrograms $828,007 · Management $2,628,338$3,456,345
IX-13 Office expensesPrograms $2,015,497 · Management $238,712$2,254,209
IX-16 OccupancyPrograms $314,650 · Management $1,126,544$1,441,194
IX-17 TravelPrograms $1,458,083 · Management $144,979$1,603,062
IX-24 Other expenses (24a–d)Programs $16,841,554 · Management $574,863 · Fundraising $18,963$17,435,380
IX-24e All other expensesPrograms $4,732 · Management $869,148 · Fundraising $259$874,139
IX-25 Total functional expensesPrograms $38,697,786 · Management $9,543,192 · Fundraising $21,731$48,262,709
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $5,370,851$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $5,231,807$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $108,261$0
X-10c Land, buildings and equipment, netStart of year $6,024$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $130,478$0
X-16 Total assetsStart of year $10,873,421$0
X-17 Accounts payable and accrued expensesStart of year $1,814,007$0
X-25 Other liabilitiesStart of year $2,545,448$0
X-26 Total liabilitiesStart of year $4,359,455$0
X-27 Net assets without donor restrictionsStart of year $5,763,299$0
X-28 Net assets with donor restrictionsStart of year $750,667$0
X-32 Total net assets or fund balancesStart of year $6,513,966$0
X-33 Total liabilities and net assetsStart of year $10,873,421$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$48,101,068
XI-2 Total expenses$48,262,709
XI-3 Revenue less expenses−$161,641
XI-4 Net assets at start of year$6,513,966
XI-9 Other changes in net assets−$6,352,325
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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