Educational Perspectives Nfp

Tax-deductible

Chicago, IL501(c)(3)InternationalEIN 30-0092203

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Educational Perspectives prepares written assessments of non-US Educational credentials so that non-US educated individuals can have their education recognized for admission to higher education, be licensed in a profession or employed in the US. Additionally, we provide training to governmental agencies, licensing bodies, colleges and universities so that they can DO similar work on their own.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$256K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $168K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$256K
to officers and key staff · 15% of spending
Top officer’s pay higher than 60% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+16% vs prior year
Spent
$1.7M
To programs
58%
Net assets
$350K
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▲ +16%
Revenue by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.8M
FY2023$1.7M
FY2024$2.0M
Expenses
$1.7M
FY2024▲ +5%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.7M
FY2023$1.6M
FY2024$1.7M
Net assets
$350K
FY2024▲ +607%
Net assets by fiscal year
FY2020$336K
FY2021$414K
FY2022$527K
FY2023$50K
FY2024$350K

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Apr 2003.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $986K Management & general 42% · $718K

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

5 people listed on the 990; $256K paid to officers and key staff.

Part VII, Section A · reportable compensation
$157,150Pt VII · Sec A
$99,125Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kenneth Warren’s $157K as President is at the 60th percentile of top reported officer pay among 1168 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kenneth Warren$157,150$149,150$148,710$138,760$139,660
Bernard Ramos$99,125$95,000$95,000$90,000$89,860

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

Evaluates foreign academic credentials for US recognition and trains others to do the same.

Provided by the organization

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2 program services account for $986K of program spending, described in the organization's own filed words · FY2024.
01

Preparing written assessments of non-us educational credentials for individuals seeking admission to higher education, professional licensure, employment or immigration. The assessments help secondary and higher education admission staff to make appropriate admission decisions and assist STATE/LOCAL/NATIONAL governmental and professional…

$986Kprogram expense
02

Provided professional development training to university admissions professionals through attendance and participation in professional CONFERENCES/MEETINGS at multiple locations for employees of NON-PROFIT/STATE higher education institutions as a free public service.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Money outPt IX
$1.7M
Ln 25
Programscol B$986K
Managementcol C$718K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$278K
Total assetsLn 16$359K
LiabilitiesLn 26$9K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
SavingsLn 2$278K
Cash and savings togetherLn 1–2$278K
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$69K
Total assetsLn 16$359K
LiabilitiesLn 26$9K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10K$278K
Land, buildings, equipmentLn 10c$7K$13K
Total assetsLn 16$84K$359K
LiabilitiesLn 26$34K$9K
Net assetsLn 32$50K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$256K$128K$128K
Other salaries and wagesLn 7$761K$320K$442K
Other employee benefitsLn 9$174K$174K
Payroll taxesLn 10$82K$82K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$55K$55K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$171K$106K$65K
Information technologyLn 14$50K$50K
OccupancyLn 16$24K$24K
TravelLn 17$53K$53K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$1.7M$986K$718K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$1.7M$293K$350K 990 PDF
FY2023 $1.7M$1.6M$107K$50K 990 PDF
FY2022 $1.8M$1.7M$113K$527K 990 PDF
FY2021 $1.8M$1.8M$79K$414K 990 PDF
FY2020 $2.0M$1.7M$249K$336K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,997,598 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,997,598$1,997,598
VIII-12 Total revenueRelated to mission $1,997,598 · Unrelated business $0 · Excluded from tax $0$1,997,598
Part IX · Statement of functional expenses $1,704,446 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $128,137 · Management $128,138$256,275
IX-7 Other salaries and wagesPrograms $319,802 · Management $441,632$761,434
IX-9 Other employee benefitsPrograms $174,272$174,272
IX-10 Payroll taxesPrograms $82,440$82,440
IX-11c Accounting feesManagement $4,160$4,160
IX-11g Other fees for servicesPrograms $55,371$55,371
IX-12 Advertising and promotionPrograms $12,518$12,518
IX-13 Office expensesPrograms $106,417 · Management $65,072$171,489
IX-14 Information technologyManagement $49,876$49,876
IX-16 OccupancyManagement $24,121$24,121
IX-17 TravelPrograms $53,475$53,475
IX-20 InterestPrograms $3,297$3,297
IX-22 Depreciation, depletion and amortizationManagement $5,465$5,465
IX-23 InsurancePrograms $14,671$14,671
IX-24 Other expenses (24a–d)Programs $35,582$35,582
IX-25 Total functional expensesPrograms $985,982 · Management $718,464 · Fundraising $0$1,704,446
Part X · Balance sheet $359,431 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $10,109$277,719
X-10c Land, buildings and equipment, netStart of year $7,365$13,182
X-15 Other assetsStart of year $66,175$68,530
X-16 Total assetsStart of year $83,649$359,431
X-25 Other liabilitiesStart of year $34,065$8,935
X-26 Total liabilitiesStart of year $34,065$8,935
X-32 Total net assets or fund balancesStart of year $49,584$350,496
X-33 Total liabilities and net assetsStart of year $83,649$359,431
Part XI · Reconciliation of net assets $350,496 net assets at year end
XI-1 Total revenue$1,997,598
XI-2 Total expenses$1,704,446
XI-3 Revenue less expenses$293,152
XI-4 Net assets at start of year$49,584
XI-8 Prior period adjustments$7,760
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,496

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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