Iperc Academy FY2021 filing

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International student exchange program and study abroad

Form 990 Part I, line 1, FY2021. 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.
$236K 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
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
Pay to officers and key staff
$236K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
5.2 mo
of spending, in cash
5.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$989K
100% of total assets
Liabilities are 100% 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
$2.3M
Spent
$2.3M
To programs
100%
Net assets
−$2K
By yearFY2021–FY2024
Revenue
$2.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Expenses
$2.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Net assets
−$2K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$2K
FY2022$266
FY2023$59K
FY2024$81K

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

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 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% · $2.3M

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

9 people listed on the 990; $236K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Program Director
$46,840Pt VII · Sec A
Program Director
$46,460Pt VII · Sec A
Vice President
$46,100Pt VII · Sec A
Program Coordinator
$38,400Pt VII · Sec A
Profram Coordinator
$30,000Pt VII · Sec A
Program Director
$28,200Pt VII · Sec A
$0Pt VII · Sec A
$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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2 programs · $2.3M · in their own filed words · FY2021
01

International exchange programs and international student study abroad programs

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$2.2Mprogram expense
02

Summer camp program

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$42Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$301
Money outPt IX
$2.3M
Ln 25
Programscol B$2.3M
Owns and owesPt X
−$2K
net assets · Ln 32
Cash and savingsLn 1–2$987K
Total assetsLn 16$987K
LiabilitiesLn 26$989K
PeoplePt VI, VII
9
listed · VII A
PaidVII A6
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$301
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$987K
Cash and savings togetherLn 1–2$987K
Total assetsLn 16$987K
LiabilitiesLn 26$989K
Net assetsLn 32−$2K
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 FY21End FY21
Cash and savingsLn 1–2$987K
Total assetsLn 16$0$987K
LiabilitiesLn 26$0$989K
Net assetsLn 32$0−$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$102K$102K
Grants to domestic individualsLn 2$1.3M$1.3M
Grants and assistance to foreign recipientsLn 3$538K$538K
Other salaries and wagesLn 7$238K$238K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$67$67
Office expensesLn 13$64K$64K
TravelLn 17$20K$20K
InsuranceLn 23$925$925
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$2.3M$2.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled with the IRS Apr 25, 2024 $2.3M$2.3M−$2K−$2K 990 PDF

Schedules filed Part IV

A · Public support F · Foreign I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $2,286,013 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$2,285,712
I-10 Investment income$301
I-11 Other revenue$0
I-12 Total revenue$2,286,013
I-13 Grants and similar amounts paid$1,923,840
I-14 Benefits paid to members$0
I-15 Salaries and benefits$259,235
I-16a Professional fundraising fees$0
I-17 Other expenses$105,251
I-18 Total expenses$2,288,326
I-19 Revenue less expenses−$2,313
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 $2,286,013 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,285,712$2,285,712
VIII-3 Investment incomeUnrelated business $301$301
VIII-12 Total revenueRelated to mission $2,285,712 · Unrelated business $301 · Excluded from tax $0$2,286,013
Part IX · Statement of functional expenses $2,288,326 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $102,280$102,280
IX-2 Grants to domestic individualsPrograms $1,283,264$1,283,264
IX-3 Grants and assistance to foreign recipientsPrograms $538,296$538,296
IX-7 Other salaries and wagesPrograms $237,710$237,710
IX-10 Payroll taxesPrograms $21,525$21,525
IX-11c Accounting feesPrograms $1,718$1,718
IX-11g Other fees for servicesPrograms $4,650$4,650
IX-12 Advertising and promotionPrograms $67$67
IX-13 Office expensesPrograms $64,112$64,112
IX-17 TravelPrograms $19,547$19,547
IX-23 InsurancePrograms $925$925
IX-24 Other expenses (24a–d)Programs $14,232$14,232
IX-25 Total functional expensesPrograms $2,288,326 · Management $0 · Fundraising $0$2,288,326
Part X · Balance sheet $987,012 assets, 8 lines filed
X-1 Cash, non-interest-bearing$987,012
X-16 Total assetsStart of year $0$987,012
X-17 Accounts payable and accrued expenses$7,612
X-18 Grants payable$981,713
X-26 Total liabilitiesStart of year $0$989,325
X-27 Net assets without donor restrictions−$2,313
X-32 Total net assets or fund balancesStart of year $0−$2,313
X-33 Total liabilities and net assetsStart of year $0$987,012
Part XI · Reconciliation of net assets −$2,313 net assets at year end
XI-1 Total revenue$2,286,013
XI-2 Total expenses$2,288,326
XI-3 Revenue less expenses−$2,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,313

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

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