2017-10-03T14:02:11-05:00 2016-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197309 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 2122197309 2017-10-03 1 ROBERT LYONS P00227472 2125038800 69.74.165.34 2017-10-03 14:54:21 ED P 1423E06F9E6F9EFDA19AB3AABD1FE32D0EF26F97 B8E8917F0931719FE7A109CCAA1C726E9AF7A481 2016 2021-01-29 14:40:06Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 100945391 0 X WWW.WES.ORG X 1974 NY WES ADVANCES THE GLOBAL MOBILITY AND INTEGRATION OF PEOPLE INTO ACADEMIC AND PROFESSIONAL SETTINGS BY EVALUATING AND ADVOCATING FOR RECOGNITION OF INTERNATIONAL EDUCATIONAL QUALIFICATIONS, AND ENABLING INDIVIDUALS TO FULLY UTILIZE THEIR EDUCATION. 9 8 294 8 0 0 174800 118300 40793896 44716872 637452 1234324 49731 29946 41655879 46099442 0 0 0 0 21300472 24891836 0 0 0 10938131 11171546 32238603 36063382 9417276 10036060 49607644 62431429 12808502 14667183 36799142 47764246 X WES ADVANCES THE GLOBAL MOBILITY AND INTEGRATION OF PEOPLE INTO ACADEMIC AND PROFESSIONAL SETTINGS BY EVALUATING AND ADVOCATING FOR RECOGNITION OF INTERNATIONAL EDUCATIONAL QUALIFICATIONS, AND ENABLING INDIVIDUALS TO FULLY UTILIZE THEIR EDUCATION. 0 0 25225812 44561552 CREDENTIAL EVALUATION-WES OPERATES A FOREIGN CREDENTIAL EVALUATION AND VERIFICATION SERVICE IN THE UNITED STATES AND CANADA. THE SERVICE PROCESSES APPLICATIONS FOR EVALUATION FOR IMMIGRATION (49%), INDIVIDUALS SEEKING FURTHER EDUCATION (42%), EMPLOYMENT (4%), PROFESSIONAL LICENSING (4%), AND OTHER (1%). 2011961 GLOBAL TALENT BRIDGE - WES HELPS SKILLED IMMIGRANTS OVERCOME THE BARRIERS THAT KEEP THEM FROM FULLY UTILIZING THEIR TALENTS AND EDUCATION IN THE UNITED STATES AND CANADA BY PROVIDING PROFESSIONAL DEVELOPMENT AND TRAINING TO THE STAFF OF COMMUNITY AND GOVERNMENT ORGANIZATIONS, DIRECT OUTREACH, AND RESEARCH STUDIES AND RESOURCES. 2947015 126712 MARKETING OPERATIONS - WES PROVIDES TRAINING ON FOREIGN CREDENTIAL EVALUATION METHODS AND PROCEDURES, INTERNATIONAL RECRUITMENT STRATEGIES, AND COUNTRY EDUCATIONAL SYSTEMS THROUGH WORKSHOPS AND WEBINARS. WES PRODUCES WORLD EDUCATION NEWS & REVIEWS, A MONTHLY ONLINE PUBLICATION FOR PROFESSIONALS IN INTERNATIONAL EDUCATION, WHICH INCLUDES ANALYSIS OF INTERNATIONAL TRENDS, "HOW TO" ARTICLES ON CREDENTIAL EVALUATION WITH SAMPLE DOCUMENTS, AND UP-TO-DATE PROFILES OF THE EDUCATIONAL SYSTEMS OF VARIOUS COUNTRIES. 606442 28608 RESEARCH & ADVISORY SERVICES ("RAS")- WES PROVIDES RESEARCH-BASED CONSULTING SOLUTIONS TO STUDENT MOBILITY, INTERNATIONAL ENROLLMENT, AND TRANSNATIONAL EDUCATION. BASED ON ITS RESEARCH, WES ALSO PRODUCES REPORTS AND CONDUCTS WORKSHOPS AND WEBINARS. 606442 28608 30791230 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 53 0 294 1 0 1 CA 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY IL CA X ELISABETH CONNORS 2122197309 ONE BATTERY PARK PLAZA 3RD FLOOR NEW YORK NY 10004 JUNE NORONHA CHAIR 2.00 X X 0 0 0 MARK GROSS VICE CHAIR 1.00 X X 0 0 0 STEVEN BERGLUND SECRETARY/TREASURER 1.00 X X 0 0 0 CURTIS S CHIN TRUSTEE (FORMER) 1.00 X 0 0 0 JOAN COLLIGAN TRUSTEE 1.00 X 0 0 0 ANN G DAW TRUSTEE 1.00 X 0 0 0 STEPHEN C DUNNETT TRUSTEE 1.00 X 0 0 0 KENNETH J FORDE TRUSTEE 1.00 X 0 0 0 DAVID LEYTON-BROWN TRUSTEE 1.00 X 0 0 0 FRANCISCO MARMOLEJO TRUSTEE 1.00 X 0 0 0 JOHN OVRUTSKY TRUSTEE (FORMER) 1.00 X 0 0 0 HANS DE WIT TRUSTEE (FORMER) 1.00 X 0 0 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 40.00 X 356553 0 66909 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR (FORMER) 40.00 X 429583 0 68383 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR (FORMER) 40.00 X 415564 0 52621 TIM OWEN DIRECTOR - WES CANADA 40.00 X 160477 0 16486 ELISABETH CONNORS DIRECTOR - FINANCE & ADMINISTRATION 40.00 X 214540 0 77437 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAGEMENT 40.00 X 200701 0 76529 STEVE LITERATI DEPUTY EXECUTIVE DIRECTOR 40.00 X 127517 0 39889 FRANK GUTTILLA SENIOR DIR. PRODUCTION & OPERATIONS 40.00 X 152960 0 48460 MIKE LOWE SENIOR DIR. OF HUMAN RESOURCES 40.00 X 157335 0 32023 LOULADEY ASSEFA REMOTE EVALUATOR 40.00 X 214960 0 24460 DAVID GALLAGHER REMOTE EVALUATOR 40.00 X 218110 0 0 MAHCHABIL EFFENDI REMOTE EVALUATOR 40.00 X 204008 0 20233 YUKI INOUE REMOTE EVALUATOR 40.00 X 173684 0 37168 SIVA BHATTIPROLU PRIMARY SOFTWARE DEVELOPER 40.00 X 167500 0 35993 3193492 0 596591 14 0 1 0 GROUP 88 INC 1099 WALL ST W 392 LYNDHURST NJ 07071 SOFTWARE DEVELOPMENT (AICES.NET) 856127 HIGHLAND TRAINING LLC 60 SUNDANCE DRIVE COS COB CT 06807 DEVELOPING TRAINING MATERIALS 323173 EMPIREMAN LLC 188 E 75 STREET APT 3A NEW YORK NY 10021 OFFICE RENOVATION 266392 CONGA 1830 HILLSBORO AVENUE SOUTH ST LOUISE PARK MN 55426 CONSULTANTS 198151 GRAPHIC MANAGEMENT PARTNERS 47 PURDY AVENUE PORT CHESTER NY 10573 STATIONARY PRINTING 178882 5 118300 118300 CREDENTIAL EVALUATIONS 611710 44688265 44688265 RESEARCH SERVICES 611710 28607 28607 44716872 1253016 1253016 54827257 54843348 2601 -16091 -2601 -18692 -18692 OTHER INCOME 900099 29946 29946 29946 46099442 44716872 0 1264270 2432760 1132502 1300258 18537002 16863919 1673083 918609 857876 60733 1523949 1381312 142637 1479516 1301974 177542 150933 2235 148698 102680 31967 70713 177379 177379 1523814 982271 541543 637153 608681 28472 218417 100629 117788 1236072 1087743 148329 602303 454017 148286 16804 4119 12685 514415 452685 61730 42974 8382 34592 POSTAGE & PRINTING 3212386 3212287 99 CREDIT CARD/BANK FEES 1249113 1249113 MISCELLANEOUS 650448 307057 343391 STAFF DEVELOPMENT 403260 363783 39477 433395 388678 44717 36063382 30791230 5272152 0 683167 477903 10223549 12952509 9157 10380 359887 369512 3354061 754594 1814976 2599467 36516908 46021658 49607644 62431429 2927349 3250870 9144567 10704728 736586 711585 12808502 14667183 X 36799142 47764246 36799142 47764246 49607644 62431429 X 10036060 714201 214843 X X 0 1 X 1 0 X 181988 174800 118300 475088 18666552 26692186 42074980 40793896 44716872 172944486 18666552 26692186 42256968 40968696 44835172 173419574 0 0 0 173419574 222954 94275 212922 626499 1253016 2409666 222954 94275 212922 626499 1253016 2409666 1069 1069 117090 119118 48039 49731 29946 363924 19006596 26906648 42517929 41644926 46118134 176194233 0.98430 0.98770 0.01370 0.00930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 721558 179343 542215 990450 375846 614604 1642053 199405 1442648 2599467 DEFERRED RENT 711585 711585 X 46208107 71201 214843 286044 45922063 177379 177379 46099442 35886003 0 35886003 177379 177379 36063382 PART X, LINE 2: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016 AND 2015 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION GAIN 214,843. NORTH AMERICA 1 49 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND MARKETING. 17522518 1 49 0 0 1 49 17522518 0 17522518 0 0 0 0 0 0 PART I, LINE 3: THE EXPENDITURES REPORTED IN COLUMN F REPRESENT THE ANNUAL EXPENDITURES OF WORLD EDUCATION SERVICES, CANADA (A BRANCH OF WORLD EDUCATION SERVICES, INC.) TRANSLATED INTO U.S. DOLLARS. X X X X 1 0 0 0 0 0 0 1 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 285053 0 71500 0 0 0 42000 0 24909 0 423462 0 0 0 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR (FORMER) 187558 0 47025 0 195000 0 42000 0 26383 0 497966 0 0 0 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR (FORMER) 98314 0 47250 0 270000 0 42000 0 10621 0 468185 0 0 0 TIM OWEN DIRECTOR - WES CANADA 140975 0 19502 0 0 0 5640 0 10846 0 176963 0 0 0 ELISABETH CONNORS DIRECTOR - FINANCE & ADMINISTRATION 188290 0 26250 0 0 0 42000 0 35437 0 291977 0 0 0 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAGEMENT 177376 0 23325 0 0 0 42000 0 34529 0 277230 0 0 0 STEVE LITERATI DEPUTY EXECUTIVE DIRECTOR 127517 0 0 0 0 0 20000 0 19889 0 167406 0 0 0 FRANK GUTTILLA SENIOR DIR. PRODUCTION & OPERATIONS 136760 0 16200 0 0 0 17230 0 31230 0 201420 0 0 0 MIKE LOWE SENIOR DIR. OF HUMAN RESOURCES 141135 0 16200 0 0 0 7500 0 24523 0 189358 0 0 0 LOULADEY ASSEFA REMOTE EVALUATOR 214960 0 0 0 0 0 9858 0 14602 0 239420 0 0 0 DAVID GALLAGHER REMOTE EVALUATOR 218110 0 0 0 0 0 0 0 0 0 218110 0 0 0 MAHCHABIL EFFENDI REMOTE EVALUATOR 204008 0 0 0 0 0 1200 0 19033 0 224241 0 0 0 YUKI INOUE REMOTE EVALUATOR 173684 0 0 0 0 0 18000 0 19168 0 210852 0 0 0 SIVA BHATTIPROLU PRIMARY SOFTWARE DEVELOPER 161500 0 6000 0 0 0 18000 0 17993 0 203493 0 0 0 PART I, LINE 7 WES HAS A PERFORMANCE-BASED INCENTIVE PLAN WITH PAYMENT LEVELS SET AT YEAR-CLOSE BY THE BOARD. SCHEDULE J, PART I, LINE 4A: MARGARITA SIANOU RECEIVED A RETIREMENT BONUS AS A SERVICE RECOGNITION OF $270,000.00. STEVEN BOSS RECEIVED A RETIREMENT BONUS AS A SERVICE RECOGNITION OF $195,000.00. MARIAM ASSEFA SEE BELOW 333370 SEE BELOW 0 STEPHEN C DUNNETT SEE BELOW 55090 SEE BELOW 0 FRANK GUTTILLA SEE BELOW 52060 SEE BELOW 0 0 SCHEDULE L, PART IV: TWO RELATIVES OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2016.A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2016.A RELATIVE OF FRANK GUTTILLA, THE ORGANIZATION'S SENIOR DIRECTOR OF PRODUCTION & OPERATIONS, RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2016. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICER. COPIES ARE THEN SENT TO EACH MEMBER OF THE FINANCE AND AUDIT COMMITTEE FOR REVIEW. FOLLOWING REVIEW BY THE FINANCE AND AUDIT COMMITTEE, COPIES ARE SENT OUT TO THE ENTIRE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL BOARD TRUSTEES, AS WELL AS SENIOR MANAGEMENT STAFF, ARE REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE FORM." THIS IS DONE IN THE FIRST HALF OF THE YEAR. EACH SIGNER INDICATES THAT THEY HAVE READ THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND INDICATES WHETHER THEY DO OR DO NOT HAVE A CONFLICT OR A POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER FOR COMPLIANCE. TO DATE, THERE HAS BEEN COMPLIANCE WITH THE POLICY. SHOULD A CONFLICT BE FOUND, THE ORGANIZATION WILL ADDRESS SUCH CONFLICT ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 EVERY TWO TO THREE YEARS, THE ORGANIZATION ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE ORGANIZATION'S SALARIES, SALARY STRUCTURE, AND SALARY POLICY AND MAKE RECOMENDATIONS FOR CHANGES. COMPARABILITY DATA IS USED. THE COMPENSATION CONSULTANT REPORTS TO THE COMPENSATION COMMITTEE. THE FULL REPORT IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION REPORT ADDRESSES THE COMPARABILITY OF THE EXECUTIVE DIRECTOR'S/CEO'S SALARY AS WELL AS THE SALARY OF ALL OFFICERS AND KEY EMPLOYEES. IN ADDITION, THE BOARD OF TRUSTEES ANNUALLY APPROVES AND PROVIDES SUBSTANTIATION OF THE DELIBERATION AND DECISION REGARDING THE EXECUTIVE DIRECTOR'S/CEO'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 WES MAKES ITS FORM 990 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION GAIN 214,843. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FOR THE PREPARATION OF ITS FINANCIAL STATEMENTS FROM THE PRIOR YEAR.