2012-08-14T09:24:55-05:00 2011-12-31 113518842 MARKS PANETH & SHRON LLP 622 THIRD AVENUE NEW YORK NY 10017 990 2011-01-01 237396384 WORLD EDUCATION SERVICES INC WORL 2122197329 ONE BATTERY PARK PLAZA NEW YORK NY 10004 MARIAM ASSEFA 2122197329 2012-08-14 1 ROBERT R LYONS CPA P00227472 2125038800 2011 2016-02-24 21:20:13Z MARIAM ASSEFA ONE BATTERY PARK PLAZA NEW YORK NY 10004 16144187 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. 10 9 152 0 0 0 61793 0 12805907 14922648 37994 11529 306752 256111 13212446 15190288 0 0 0 0 8291332 9936638 0 0 0 3774202 3774305 12065534 13710943 1146912 1479345 7699653 9532580 1736049 2086633 5963604 7445947 THE MISSION OF WORLD EDUCATION SERVICES IS TO FOSTER THE INTEGRATION OF INTERNATIONALLY EDUCATED PERSONS INTO ACADEMIC AND PROFESSIONAL SETTINGS. 0 0 10887562 14851948 CREDENTIAL EVALUATIONS - WES OPERATES A FOREIGN CREDENTIAL EVALUATION SERVICE IN THE UNITED STATES AND CANADA. THE SERVICE PROCESSES APPLICATIONS FOR EVALUATION FOR EDUCATION (78%), EMPLOYMENT (10%), PROFESSIONAL LICENSING (9%), IMMIGRATIONS (1%), AND OTHER (2%). 324596 COMMUNITY ENGAGEMENT - 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. 216398 70700 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 ANALYSES OF INTERNATIONAL TRENDS, "HOW TO" ARTICLES ON CREDENTIAL EVALUATION WITH SAMPLE DOCUMENTS, AND UP-TO-DATE PROFILES OF THE EDUCATIONAL SYSTEMS OF VARIOUS COUNTRIES. 11428556 1 0 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 0 1 17 0 152 1 0 1 CA 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY CA IL X STEVEN BOSS 2122197329 ONE BATTERY PARK PLAZA 3RD FLOOR NEW YORK NY 10004 KENNETH J FORDE 2.00 X X 0 0 0 JUNE NORONHA 1.00 X X 0 0 0 STEVEN BERGLUND 1.00 X X 0 0 0 JOAN COLLIGAN 1.00 X 0 0 0 ANN G DAW 1.00 X 0 0 0 HANS DE WIT 1.00 X 0 0 0 DAVID LEYTON-BROWN 1.00 X 0 0 0 STEPHEN C DUNNETT 1.00 X 0 0 0 MARK GROSS 1.00 X 0 0 0 FRANCISCO MARMOLEJO 1.00 X 0 0 0 MARIAM ASSEFA 40.00 X 284459 0 22316 STEVEN BOSS 40.00 X 177358 0 21109 MARGARITA SIANOU 40.00 X 164872 0 15140 TIM OWEN 40.00 X 164000 0 12156 JOSEPH BILLI 40.00 X 152977 0 18819 LISA CONNORS 40.00 X 126093 0 8015 LOULADEY ASSEFA 40.00 X 122550 0 7353 PAUL FELTMAN 40.00 X 106535 0 20875 FRANK GUTILLA 40.00 X 103241 0 6564 1402085 0 132347 9 0 1 0 STARPOINT SOLUTIONS LLC 22 CORTLANDT STREET NEW YORK NY 10006 SOFTWARE DEVELOPMENT 949750 PHILIP HOLZER & ASSOCIATES 525 WEST 52ND STREET NEW YORK NY 10019 PRINTING 103680 2 EDUCATION EVALUATION 611710 14851948 14851948 WORKSHOP INCOME 611710 70700 70700 14922648 28246 28246 169260 0 169260 169260 169260 937182 953899 -16717 -16717 -16717 OTHER INCOME 900099 94409 94409 TRANSLATION LOSS 900099 -7558 -7558 86851 15190288 14922648 0 267640 861410 717842 143568 7453591 6211800 1241791 324333 270348 53985 750940 624666 126274 546364 455180 91184 52515 44555 7960 74184 1536 72648 271955 232532 39423 50185 45507 4678 214936 183943 30993 84502 70665 13837 918628 773279 145349 228876 188920 39956 220908 191730 29178 226420 188036 38384 25698 13754 11944 CREDIT CARD/BANK FEES 514644 494873 19771 POSTAGE AND SHIPPING 468702 391053 77649 MISCELLANEOUS AND OTHER 158048 104689 53359 EQUIPMENT RENTAL 142833 122056 20777 121271 101592 19679 13710943 11428556 2282387 0 385158 342029 4013008 4156316 65958 56050 134846 196119 2493792 505343 1188952 1988449 1911731 2793617 7699653 9532580 1117147 1496170 618902 590463 1736049 2086633 X 5963604 7445947 5963604 7445947 7699653 9532580 X 1479345 2998 X X 0 1 1 X 0 X 169037 223182 222410 61793 676422 9345264 10544700 11091501 12805907 14922648 58710020 9514301 10767882 11313911 12867700 14922648 59386442 0 0 0 59386442 414683 307261 291004 223106 197506 1433560 414683 307261 291004 223106 197506 1433560 58070 44576 101256 118510 86851 409263 9987054 11119719 11706171 13209316 15207005 61229265 0.96990 0.96380 0.02340 0.02910 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME TRANSLATION GAIN (LOSS) 215317 94952 120365 268951 175053 93898 2009524 235338 1774186 1988449 DEFERRED RENT AND OTHER 590463 590463 15190288 13710943 1479345 2998 2998 1482343 15193286 2998 2998 15190288 0 15190288 13710943 0 13710943 0 13710943 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: WES HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010 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, 2008. NORTH AMERICA 1 19 PROGRAM SERVICES EVALUATION OF CREDENTIALS, TRAINING & PUBLICATIONS, AND COMMUNITY ENGAGEMENT 1582362 1 19 0 0 1 19 1582362 0 1582362 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, 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 0 0 0 0 0 0 0 1 0 MARIAM ASSEFA 232259 0 52200 0 0 0 17068 0 5248 0 306775 0 0 0 STEVEN BOSS 156988 0 20370 0 0 0 10641 0 10468 0 198467 0 0 0 MARGARITA SIANOU 145302 0 19570 0 0 0 9892 0 5248 0 180012 0 0 0 TIM OWEN 147000 0 17000 0 0 0 9840 0 2316 0 176156 0 0 0 JOSEPH BILLI 136677 0 16300 0 0 0 9179 0 9640 0 171796 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 129903 SEE BELOW 0 HEATHER VELEZ SEE BELOW 40808 SEE BELOW 0 SCHEDULE L, PART IV: BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: LOULADEY ASSEFA IS A RELATIVE OF MARIAM ASSEFA, THE ORGANIZATION'S CEO, AND RECEIVED EMPLOYEE COMPENSATION FROM THE ORGANIZATION IN 2011.HEATHER VELEZ IS A RELATIVE OF STEPHEN C. DUNNETT, A TRUSTEE OF THE ORGANIZATION, AND RECEIVED EMPLOYEE COMPENSATION FROM THE ORGANIZATION IN 2011. 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 RECCOMENDATIONS FOR CHANGES. COMPARABILITY DATA IS USED. THE COMPENSATION CONSULTANT REPORTS TO THE FINANCE AND AUDIT 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,998. 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.