2015-10-22T14:21:49-05:00 2014-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197329 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 2122197329 2015-10-22 1 LYONS ROBERT P00227472 2125038800 2014 2016-02-25 16:41:14Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 44212682 0 X WWW.WES.ORG X 1974 NY THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 12 11 208 12 0 0 0 181988 26692186 42074980 83602 -4270676 167749 48039 26943537 38034331 0 0 0 0 13507242 17638918 0 0 0 5281434 9600986 18788676 27239904 8154861 10794427 22265095 33017942 2556839 3137316 19708256 29880626 X THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 0 0 21535091 41913226 CREDENTIAL EVALUATIONS - WES OPERATES A FOREIGN CREDENTIAL EVALUATION AND VERIFICATION SERVICE IN THE UNITED STATES AND CANADA. THE SERVICE PROCESSES APPLICATIONS FOR EVALUATION FOR INDIVIDUALS SEEKING FURTHER EDUCATION (44% OF TOTAL), IMMIGRATION (48%), EMPLOYMENT (4%), PROFESSIONAL LICENSING (3%), AND OTHERS (1%) IN THE UNITED STATES AND CANADA. 764641 0 GLOBAL TALENT BRIDGE - WES HELPS SKILLED IMMIGRANTS ACROSS THE UNITED STATES 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. 1069587 94000 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 OFFERED TO HIGHER EDUCATION PROFESSIONALS ACROSS THE UNITED STATES. 533363 67754 KNOWLEDGE RESOURCE EXCHANGE - 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. 533363 67754 23902682 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 36 0 208 1 0 1 CA 0 0 0 0 0 0 0 0 X 12 11 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 STEVEN BOSS 2129666311 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 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 1.00 X 0 0 0 HANS DE WIT TRUSTEE 1.00 X 0 0 0 MARIAM ASSEFA EXECUTIVE DIRECTOR & CEO 40.00 X 306985 0 28408 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR/CFO 40.00 X 227931 0 30713 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 40.00 X 230373 0 25255 TIM OWEN DIRECTOR - WES CANADA 40.00 X 157232 0 12383 JOSEPH BILLI DIRECTOR - INFORMATION TEC (FORMER) 40.00 X 153955 0 22216 ELISABETH CONNORS DIRECTOR - FINANCE & ADMIN 40.00 X 173579 0 36228 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAG 40.00 X 159909 0 37014 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISO 40.00 X 165034 0 18479 LOULADEY ASSEFA EXTERNAL EVALUATOR 40.00 X 197675 0 11859 1772673 0 222555 9 0 1 0 STARPOINT SOLUTIONS LLC 22 CORTLANDT STREET NEW YORK NY 10006 SOFTWARE DEVELOPMENT 556360 NEOS LLC 20 CHURCH ST HARTFORD CT 06103 SOFTWARE CONSULTING 175000 LANCASTER SYSTEM INC 411 THEODORE FREMD AVE RYE NY 10580 SOFTWARE APPLICATION MANAGEMENT 147000 PROCESSING BROKERAGE 228 PARK AVE S NEW YORK NY 10001 CREDIT CARD BROKER FEES 110351 4 181988 181988 CREDENTIAL EVALUATIONS 611710 41913226 41913226 RESEARCH & ADVISORY SERVICES 611710 94000 94000 KNOWLEDGE RESOURCE EXCHANGE 611710 67754 67754 42074980 212922 212922 1694753 1676733 4501618 18020 -4501618 -4483598 -4483598 OTHER INCOME 900099 48039 48039 48039 38034331 42074980 0 -4222637 1017158 679761 337397 14026913 12442913 1584000 520407 447921 72486 1120493 949787 170706 953947 803116 150831 64077 3488 60589 93377 93377 752685 600434 152251 162049 146511 15538 1041600 904230 137370 331958 267915 64043 357480 335532 21948 132199 111419 20780 40022 40022 POSTAGE & PRINTING 4060976 4001161 59815 CREDIT CARD/BANK FEES 1172826 1120163 52663 EXPENSED EQUIPMENT 234756 207178 27578 STAFF DEVELOPMENT 61975 56614 5361 1095006 824539 270467 27239904 23902682 3337222 0 455739 363994 11995213 10130678 50016 21727 151258 256708 924227 176435 5270153 747792 4342716 21497043 22265095 33017942 2175227 2515276 311671 292162 69941 329878 2556839 3137316 X 19708256 29880626 19708256 29880626 22265095 33017942 X 10794427 37089 -659146 X X 0 1 X 1 0 X 61793 181988 243781 12805907 14922648 18666552 26692186 42074980 115162273 12867700 14922648 18666552 26692186 42256968 115406054 0 0 0 115406054 223106 197506 222954 94275 212922 950763 223106 197506 222954 94275 212922 950763 1069 1069 107605 94409 117090 119118 48039 486261 13198411 15214563 19006596 26906648 42517929 116844147 0.98770 0.98200 0.00810 0.01200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 592579 57968 534611 317892 109300 208592 13756 9167 4589 747792 DEFERRED RENT 329878 329878 X 38071420 37089 37089 38034331 0 38034331 27899050 659146 659146 27239904 0 27239904 PART X, LINE 2: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014 AND 2013 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. WES IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSLATION LOSS 659,146. NORTH AMERICA 1 24 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND COMMUNITY ENGAGEMENT 12124763 1 24 0 0 1 24 12124763 0 12124763 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 261985 0 45000 0 0 0 18600 0 9808 0 335393 0 0 0 STEVEN BOSS DEPUTY EXECUTIVE DIRECTOR/CFO 201681 0 26250 0 0 0 13575 0 17138 0 258644 0 0 0 MARGARITA SIANOU DEPUTY EXECUTIVE DIRECTOR 195373 0 35000 0 0 0 14100 0 11155 0 255628 0 0 0 TIM OWEN DIRECTOR - WES CANADA 146543 0 10689 0 0 0 9391 0 2992 0 169615 0 0 0 JOSEPH BILLI DIRECTOR - INFORMATION TEC (FORMER) 101955 0 12000 0 40000 0 7068 0 15148 0 176171 0 0 0 ELISABETH CONNORS DIRECTOR - FINANCE & ADMIN 151679 0 21900 0 0 0 10914 0 25314 0 209807 0 0 0 PAUL FELTMAN DIRECTOR - COMMUNITY ENGAG 139909 0 20000 0 0 0 10200 0 26814 0 196923 0 0 0 RAHUL CHOUDAHA DIRECTOR - RESEARCH ADVISO 147034 0 18000 0 0 0 10080 0 8399 0 183513 0 0 0 LOULADEY ASSEFA EXTERNAL EVALUATOR 197675 0 0 0 0 0 11859 0 0 0 209534 0 0 0 PART I, LINE 7 WES HAS A PERFORMANCE-BASED INCENTIVE PLAN WITH PAYMENT LEVELS SET AT YEAR-CLOSE BY THE BOARD. LOULADEY ASSEFA SEE BELOW 209534 SEE BELOW 0 HEATHER VELEZ SEE BELOW 67364 SEE BELOW 0 NEGASH YUSUF SEE BELOW 48580 SEE BELOW 0 SCHEDULE L, PART IV: LOULADEY ASSEFA IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2014.HEATHER VELEZ IS A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2014.NEGASH YUSUF IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION AND BENEFITS FROM THE ORGANIZATION IN 2014. FORM 990, PART VI, SECTION B, LINE 11 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: TRANSLATION LOSS -659,146. 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.