Iperc Academy FY2022 filing

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International student exchange program and study abroad

Form 990 Part I, line 1, FY2022. 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.
$208K 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

FY2022 · 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
$208K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
2.6 mo
of spending, in cash
2.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$704K
99% of total assets
Liabilities are 99% 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
$3.2M
+41% vs prior year
Spent
$3.2M
To programs
100%
Net assets
$266
By yearFY2021–FY2024
Revenue
$3.2M
FY2022▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Expenses
$3.2M
FY2022▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.3M
FY2022$3.2M
FY2023$4.7M
FY2024$6.5M
Net assets
$266
FY2022▲ +112%
Tap a bar for its year
Net assets by fiscal year
FY2021−$2K
FY2022$266
FY2023$59K
FY2024$81K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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% · $3.2M

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $208K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Vice President
$48,000Pt VII · Sec A
Program Director
$47,500Pt VII · Sec A
Program Director
$42,840Pt VII · Sec A
Profram Coordinator
$36,000Pt VII · Sec A
Program Coordinator
$25,400Pt VII · Sec A
Program Coordinator
$4,500Pt VII · Sec A
Program Coordinator
$3,838Pt 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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3 programs · $3.2M · in their own filed words · FY2022
01

Online school

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$1.9Mprogram expense
02

International exchange programs and international student study abroad programs

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$1.3Mprogram expense
03

Summer camp program

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2152167) · Dispute this line
$15Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$63
Money outPt IX
$3.2M
Ln 25
Programscol B$3.2M
Owns and owesPt X
$266
net assets · Ln 32
Cash and savingsLn 1–2$704K
Total assetsLn 16$704K
LiabilitiesLn 26$704K
PeoplePt VI, VII
10
listed · VII A
PaidVII A7
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$63
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$704K
Cash and savings togetherLn 1–2$704K
Total assetsLn 16$704K
LiabilitiesLn 26$704K
Net assetsLn 32$266
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 FY22End FY22
Cash and savingsLn 1–2$987K$704K
Total assetsLn 16$987K$704K
LiabilitiesLn 26$989K$704K
Net assetsLn 32−$2K$266
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$1.3M$1.3M
Grants and assistance to foreign recipientsLn 3$240K$240K
Other salaries and wagesLn 7$208K$208K
Payroll taxesLn 10$19K$19K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$91K$91K
TravelLn 17$42K$42K
InsuranceLn 23$74K$74K
Other expenses (24a–d)Ln 24$64K$64K
Total functional expensesLn 25$3.2M$3.2M$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
FY2022 ViewingFiled 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 F · Foreign I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $3,233,746 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,285,712$3,233,683
I-10 Investment incomePrior year $301$63
I-11 Other revenue$0
I-12 Total revenuePrior year $2,286,013$3,233,746
I-13 Grants and similar amounts paidPrior year $1,923,840$2,709,786
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $259,235$227,378
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,251$294,003
I-18 Total expensesPrior year $2,288,326$3,231,167
I-19 Revenue less expensesPrior year −$2,313$2,579
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 $3,233,746 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,233,683$3,233,683
VIII-3 Investment incomeUnrelated business $63$63
VIII-12 Total revenueRelated to mission $3,233,683 · Unrelated business $63 · Excluded from tax $0$3,233,746
Part IX · Statement of functional expenses $3,231,167 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,123,692$1,123,692
IX-2 Grants to domestic individualsPrograms $1,345,665$1,345,665
IX-3 Grants and assistance to foreign recipientsPrograms $240,429$240,429
IX-7 Other salaries and wagesPrograms $208,078$208,078
IX-10 Payroll taxesPrograms $19,300$19,300
IX-11c Accounting feesPrograms $8,167$8,167
IX-12 Advertising and promotionPrograms $13,939$13,939
IX-13 Office expensesPrograms $91,237$91,237
IX-17 TravelPrograms $42,073$42,073
IX-23 InsurancePrograms $74,149$74,149
IX-24 Other expenses (24a–d)Programs $64,438$64,438
IX-25 Total functional expensesPrograms $3,231,167 · Management $0 · Fundraising $0$3,231,167
Part X · Balance sheet $703,858 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $987,012$703,858
X-16 Total assetsStart of year $987,012$703,858
X-17 Accounts payable and accrued expensesStart of year $7,612$3,338
X-18 Grants payableStart of year $981,713$700,254
X-26 Total liabilitiesStart of year $989,325$703,592
X-27 Net assets without donor restrictionsStart of year −$2,313$266
X-32 Total net assets or fund balancesStart of year −$2,313$266
X-33 Total liabilities and net assetsStart of year $987,012$703,858
Part XI · Reconciliation of net assets $266 net assets at year end
XI-1 Total revenue$3,233,746
XI-2 Total expenses$3,231,167
XI-3 Revenue less expenses$2,579
XI-4 Net assets at start of year−$2,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$266

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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