Iperc Academy

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International student exchange program and study abroad

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 35 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $20K a year · 0.5% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
4.9 mo
of spending, in cash
4.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
98% of total assets
Liabilities are 98% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$6.5M
+37% vs prior year
Spent
$6.5M
To programs
100%
Net assets
$81K
By yearFY2021–FY2024
Revenue
$6.5M
FY2024▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Expenses
$6.5M
FY2024▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Net assets
$81K
FY2024▲ +37%
Tap a bar for its year
Net assets by fiscal year
FY2021−$2K
FY2022$266
FY2023$59K
FY2024$81K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A
Profram Coordinator
$0Pt VII · Sec A
Program Coordinator
$0Pt VII · Sec A

Victoria G Shillington’s $55K as Vice President is at the 8th percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2023FY2022FY2021
Victoria G Shillington$55,000——
Wenting Wang$48,000$47,500$46,460
Victoria Shillington—$48,000$46,100
Justin P Osborn$42,840$42,840$46,840
Yiru Cai—$25,400$38,400
Yingzheng Fu$36,270$36,000$30,000
Rachel K Fullin——$28,200
Yanqing Li$18,000$4,500—

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.

See Iperc Academy executive salaries →

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

Facilitates international student exchanges and study abroad opportunities.

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3 programs · $6.5M · in their own filed words · FY2024
01

Online school

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$3.3Mprogram expense
02

International exchange programs and international student study abroad programs

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$2.4Mprogram expense
03

Summer camp program

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$797Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$12K
Money outPt IX
$6.5M
Ln 25
Programscol B$6.5M
Owns and owesPt X
$81K
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$12K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$2.6M
Notes and loans receivableLn 7$914K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.5M
Net assetsLn 32$81K
OperationsPt I, VI
EmployeesI 55
VolunteersI 635
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$2.6M
Total assetsLn 16$1.1M$3.6M
LiabilitiesLn 26$1.1M$3.5M
Net assetsLn 32$59K$81K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$254K$254K
Payroll taxesLn 10$20K$20K
Legal feesLn 11b$13K$13K
Other fees for servicesLn 11g$5.9M$5.9M
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$59K$59K
TravelLn 17$164K$164K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$500$500
Total functional expensesLn 25$6.5M$6.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 18, 2025 $6.5M$6.5M$22K$81K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $4.7M$4.7M$59K$59K 990 PDF
FY2022Filed with the IRS Apr 25, 2024 $3.2M$3.2M$3K$266 990 PDF
FY2021Filed with the IRS Apr 25, 2024 $2.3M$2.3M−$2K−$2K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $6,478,312 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $4,741,759$6,466,418
I-10 Investment incomePrior year $94$11,894
I-11 Other revenue$0
I-12 Total revenuePrior year $4,741,853$6,478,312
I-13 Grants and similar amounts paidPrior year $4,138,646$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $218,620$274,095
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $325,618$6,182,082
I-18 Total expensesPrior year $4,682,884$6,456,177
I-19 Revenue less expensesPrior year $58,969$22,135
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $6,478,312 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,466,418$6,466,418
VIII-3 Investment incomeUnrelated business $11,894$11,894
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $6,466,418 · Unrelated business $11,894 · Excluded from tax $0$6,478,312
Part IX · Statement of functional expenses $6,456,177 across 9 lines filed
IX-7 Other salaries and wagesPrograms $254,050$254,050
IX-10 Payroll taxesPrograms $20,045$20,045
IX-11b Legal feesPrograms $13,114$13,114
IX-11g Other fees for servicesPrograms $5,914,894$5,914,894
IX-12 Advertising and promotionPrograms $5,693$5,693
IX-13 Office expensesPrograms $58,946$58,946
IX-17 TravelPrograms $164,249$164,249
IX-23 InsurancePrograms $24,686$24,686
IX-24 Other expenses (24a–d)Programs $500$500
IX-25 Total functional expensesPrograms $6,456,177 · Management $0 · Fundraising $0$6,456,177
Part X · Balance sheet $3,561,204 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,132,585$1,146,704
X-2 Savings and temporary cash investments$1,500,000
X-7 Notes and loans receivable$914,500
X-16 Total assetsStart of year $1,132,585$3,561,204
X-17 Accounts payable and accrued expensesStart of year $4,902$33,019
X-18 Grants payableStart of year $1,068,448$3,446,815
X-26 Total liabilitiesStart of year $1,073,350$3,479,834
X-27 Net assets without donor restrictionsStart of year $59,235$81,370
X-32 Total net assets or fund balancesStart of year $59,235$81,370
X-33 Total liabilities and net assetsStart of year $1,132,585$3,561,204
Part XI · Reconciliation of net assets $81,370 net assets at year end
XI-1 Total revenue$6,478,312
XI-2 Total expenses$6,456,177
XI-3 Revenue less expenses$22,135
XI-4 Net assets at start of year$59,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$81,370

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

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