Educational Perspectives Nfp FY2021 filing

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.
49¢ of each $1 spent went to programs.
$229K 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

FY2021 · 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
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$229K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$96K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-6% vs prior year
Spent
$1.8M
To programs
49%
Net assets
$414K
By yearFY2020–FY2024
Revenue
$1.8M
FY2021▼ -6%
Revenue by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.8M
FY2023$1.7M
FY2024$2.0M
Expenses
$1.8M
FY2021▲ +3%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.7M
FY2023$1.6M
FY2024$1.7M
Net assets
$414K
FY2021▲ +23%
Net assets by fiscal year
FY2020$336K
FY2021$414K
FY2022$527K
FY2023$50K
FY2024$350K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

49 cents of each dollar spent went to programs.

Program services 49% · $856K Management & general 51% · $904K

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; $229K paid to officers and key staff.

Part VII, Section A · reportable compensation
$138,760Pt VII · Sec A
$90,000Pt 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 programs · $856K · in their own filed words · FY2021
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…

$856Kprogram 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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$178K
Money outPt IX
$1.8M
Ln 25
Programscol B$856K
Managementcol C$904K
Owns and owesPt X
$414K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$510K
LiabilitiesLn 26$96K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$178K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
SavingsLn 2$282K
Cash and savings togetherLn 1–2$282K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$142K
Total assetsLn 16$510K
LiabilitiesLn 26$96K
Net assetsLn 32$414K
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 FY21End FY21
Cash and savingsLn 1–2$136K$282K
Land, buildings, equipmentLn 10c$26K$10K
Total assetsLn 16$225K$510K
LiabilitiesLn 26−$111K$96K
Net assetsLn 32$336K$414K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122$122
Pay of current officers, directors and key staffLn 5$229K$114K$114K
Other salaries and wagesLn 7$671K$282K$389K
Other employee benefitsLn 9$169K$169K
Payroll taxesLn 10$72K$72K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$57K$57K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$146K$109K$37K
Information technologyLn 14$38K$38K
OccupancyLn 16$305K$305K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$804$804
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$1.8M$856K$904K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,838,374 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,660,132$1,660,132
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $178,242$178,242
VIII-12 Total revenueRelated to mission $1,838,374 · Unrelated business $0 · Excluded from tax $0$1,838,374
Part IX · Statement of functional expenses $1,759,821 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $122$122
IX-5 Pay of current officers, directors and key staffPrograms $114,380 · Management $114,380$228,760
IX-7 Other salaries and wagesPrograms $281,956 · Management $389,368$671,324
IX-9 Other employee benefitsPrograms $169,472$169,472
IX-10 Payroll taxesPrograms $72,095$72,095
IX-11c Accounting feesManagement $3,029$3,029
IX-11g Other fees for servicesPrograms $56,616$56,616
IX-12 Advertising and promotionPrograms $5,070$5,070
IX-13 Office expensesPrograms $108,853 · Management $37,422$146,275
IX-14 Information technologyManagement $37,811$37,811
IX-16 OccupancyManagement $304,690$304,690
IX-17 TravelPrograms $2,961$2,961
IX-19 Conferences, conventions and meetingsPrograms $1,524$1,524
IX-20 InterestManagement $804$804
IX-22 Depreciation, depletion and amortizationManagement $16,680$16,680
IX-23 InsurancePrograms $9,262$9,262
IX-24 Other expenses (24a–d)Programs $33,326$33,326
IX-25 Total functional expensesPrograms $855,637 · Management $904,184 · Fundraising $0$1,759,821
Part X · Balance sheet $509,839 assets, 8 lines filed
Asset lines not itemized here account for $75,930; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $135,919$282,395
X-10c Land, buildings and equipment, netStart of year $26,355$9,675
X-15 Other assetsStart of year $62,255$141,839
X-16 Total assetsStart of year $224,525$509,839
X-25 Other liabilitiesStart of year $0$42,238
X-26 Total liabilitiesStart of year −$111,186$95,575
X-32 Total net assets or fund balancesStart of year $335,711$414,264
X-33 Total liabilities and net assetsStart of year $224,525$509,839
Part XI · Reconciliation of net assets $414,264 net assets at year end
XI-1 Total revenue$1,838,374
XI-2 Total expenses$1,759,821
XI-3 Revenue less expenses$78,553
XI-4 Net assets at start of year$335,711
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$414,264

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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