Cambridge Assessment INC

New York, NYUnknown exempt organizationEIN 80-0546414Revenue $4.5M in FY2023

On file with the IRScambridgeassessment.org.uk1 Liberty Plz 165 Broadway Floor 20 · New York, NY

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Advance education by helping learners receive fair and accurate assessments of their skills

97¢ of each $1 spent went to programs.
$303K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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 deficit $283K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$303K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-63% vs prior year
Spent
$10.8M
To programs
97%
Net assets
$0
By yearFY2020–FY2023
Revenue
$4.5M
FY2023▼ -63%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$5.3M
FY2022$12.2M
FY2023$4.5M
Expenses
$10.8M
FY2023▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.0M
FY2022$7.4M
FY2023$10.8M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$6.0M
FY2022$6.4M
FY2023$0

From the FY2023 Form 990 (year ending January 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

97 cents of each dollar spent went to programs.

Program services 97% · $10.5M Management & general 3% · $288K

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; $303K 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
Assistant Secretary
$302,799Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Mark Cavone$302,799$275,971$341,172$260,114

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 15aNo

Programs and updates

Helps learners get fair and accurate skill assessments to advance education.

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1 program · $10.5M · in their own filed words · FY2022
01

Examinations and Assessments

Advance education by helping all learners access the benefits of their education through receiving a fair and accurate assessment of their skills, knowledge and understanding and the doing of all such other things as are incidental or conducive to the attainment of that objective.

$10.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.5M
Money outPt IX
$10.8M
Ln 25
Programscol B$10.5M
Managementcol C$288K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.5M
Total revenueLn 12$4.5M
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 514
VolunteersI 60
Fiscal year endsHeaderJanuary
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$1.1M$0
InvestmentsLn 11–13$1.4M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$6.5M$0
LiabilitiesLn 26$173K$0
Net assetsLn 32$6.4M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$6.6M$6.6M
Pay of current officers, directors and key staffLn 5$326K$272K$54K
Other salaries and wagesLn 7$1.7M$1.6M$125K
Pension plan contributionsLn 8$60K$56K$4K
Other employee benefitsLn 9$220K$204K$16K
Payroll taxesLn 10$141K$130K$10K
Management feesLn 11a$10K$9K$747
Other fees for servicesLn 11g$765K$765K
Advertising and promotionLn 12$96K$89K$7K
Office expensesLn 13$20K$19K$1K
Information technologyLn 14$2K$2K$140
OccupancyLn 16$126K$117K$9K
TravelLn 17$400K$370K$30K
Conferences, conventions and meetingsLn 19$214K$198K$16K
Other expenses (24a–d)Ln 24$198K$185K$13K
Total functional expensesLn 25$10.8M$10.5M$288K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $4.5M$10.8M−$6.4M$0 990 PDF
FY2022 $12.2M$7.4M$4.7M$6.4M 990 PDF
FY2021 $5.3M$5.0M$236K$6.0M 990 PDF
FY2020 $5.1M$4.9M$248K$1.4M 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 $4,475,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $12,160,555$4,475,469
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,160,555$4,475,469
I-13 Grants and similar amounts paidPrior year $0$6,568,626
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,087,936$2,430,699
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,332,704$1,831,116
I-18 Total expensesPrior year $7,420,640$10,830,441
I-19 Revenue less expensesPrior year $4,739,915−$6,354,972
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $4,475,469 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,475,469$4,475,469
VIII-12 Total revenueRelated to mission $4,475,469 · Unrelated business $0 · Excluded from tax $0$4,475,469
Part IX · Statement of functional expenses $10,830,441 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $6,568,626$6,568,626
IX-5 Pay of current officers, directors and key staffPrograms $271,703 · Management $54,341$326,044
IX-7 Other salaries and wagesPrograms $1,558,623 · Management $124,690$1,683,313
IX-8 Pension plan contributionsPrograms $55,959 · Management $4,477$60,436
IX-9 Other employee benefitsPrograms $203,829 · Management $16,306$220,135
IX-10 Payroll taxesPrograms $130,344 · Management $10,427$140,771
IX-11a Management feesPrograms $9,344 · Management $747$10,091
IX-11g Other fees for servicesPrograms $764,626$764,626
IX-12 Advertising and promotionPrograms $89,203 · Management $7,136$96,339
IX-13 Office expensesPrograms $18,659 · Management $1,493$20,152
IX-14 Information technologyPrograms $1,744 · Management $140$1,884
IX-16 OccupancyPrograms $116,856 · Management $9,348$126,204
IX-17 TravelPrograms $370,048 · Management $29,604$399,652
IX-19 Conferences, conventions and meetingsPrograms $198,287 · Management $15,863$214,150
IX-24 Other expenses (24a–d)Programs $184,851 · Management $13,167$198,018
IX-25 Total functional expensesPrograms $10,542,702 · Management $287,739 · Fundraising $0$10,830,441
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,089,955$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $4,049,161$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $1,388,983$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $6,528,099$0
X-26 Total liabilitiesStart of year $173,127$0
X-32 Total net assets or fund balancesStart of year $6,354,972$0
X-33 Total liabilities and net assetsStart of year $6,528,099$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$4,475,469
XI-2 Total expenses$10,830,441
XI-3 Revenue less expenses−$6,354,972
XI-4 Net assets at start of year$6,354,972
XI-9 Other changes in net assets$0
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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