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Nonprofit · EIN 04-2227075

TUITION EXCHANGE INC

Tax-exempt · BETHESDA, MD 20814

Financials

$889K$886K2023$875K$1M2024
Revenue Expenses · by fiscal year end
Financials of TUITION EXCHANGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$875,089$1,039,243-$164,154$1,550,184$160,385$1,389,799
June 30, 2024990$888,813$885,527$3,286$1,848,164$378,860$1,469,304
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,312
Program service revenue
$854,590
Investment income
$19,187
Net gain from sales of assets
-$7,178
Other revenue
$0

Expenses

Grants and similar amounts paid
$40,000
Compensation of officers, directors and key employees
$269,585
Other salaries and wages
$318,927
Salaries, compensation and benefits (total)
$690,916
Professional fundraising fees
$0
Accounting fees
$16,935
Travel
$17,395
Depreciation
$54,283
Program services (functional)
$805,509
Management and general (functional)
$233,734

Balance sheet and other

Total assets, start of year
$1,848,164
Total assets, end of year
$1,550,184
Total liabilities, end of year
$160,385
Net assets, end of year
$1,389,799
Land, buildings and equipment
$479,961
Publicly traded securities
$809,997
Net assets without donor restrictions
$1,389,799
Gross receipts
$896,879
Employees
7
Volunteers
11
Year formed
1954
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DR KRISTIN R TICHENORPRESIDENT
Officer
37.5$182,693$35,828
KRISTINE LEV - ASSOCIATE VP FINANCEAND OPERATIO
Highest-paid employee
37.5$106,430$15,016
LYNN M BYNUMCHAIRPERSON
Trustee or director, Officer
2$0$0
DR LUCIE LAPOVSKYTREASURER
Trustee or director, Officer
2$0$0
EDWIN J BUTTERFOSSDIRECTOR
Trustee or director
2$0$0
DR ANTHONY S CAPRIODIRECTOR
Trustee or director
2$0$0
BARBARA B FRITZEDIRECTOR
Trustee or director
2$0$0
MAUREEN A MCKINNONDIRECTOR
Trustee or director
2$0$0
MICHAEL H SCOTTDIRECTOR
Trustee or director
2$0$0
MELISSA J STONEDIRECTOR
Trustee or director
2$0$0
PAUL W REDFERNDIRECTOR
Trustee or director
2$0$0
YVONNE BERUMENDIRECTOR
Trustee or director
2$0$0
DAVID MOWENDIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
ROBERT D SHORBDIR/SEC - OU
Officer
20$128,235$23,809
JANET K HANSONDIR COMMUNIC
Highest-paid employee
37.5$114,168$25,117
LYNN M BYNUMCHAIRPERSON
Trustee or director, Officer
2$0$0
DR LUCIE LAPOVSKYTREASURER
Trustee or director, Officer
2$0$0
EDWIN J BUTTERFOSSDIRECTOR
Trustee or director
2$0$0
DR ANTHONY S CAPRIODIRECTOR
Trustee or director
2$0$0
BARBARA B FRITZEDIRECTOR
Trustee or director
2$0$0
MAUREEN A MCKINNONDIRECTOR
Trustee or director
2$0$0
MICHAEL H SCOTTDIRECTOR
Trustee or director
2$0$0
MELISSA J STONEDIRECTOR
Trustee or director
2$0$0
PAUL W REDFERNDIRECTOR
Trustee or director
2$0$0
YVONNE BERUMENDIRECTOR
Trustee or director
2$0$0
DAVID MOWENDIRECTOR
Trustee or director
2$0$0
DR KRISTIN R TICHENORPRESIDENT
Officer
37.5$0$0

Address and contacts

Address (IRS master file)
3 BETHESDA METRO CTR STE 700, BETHESDA, MD 20814-6300
Principal officer (990 for 2024)
DR KRISTIN R TICHENOR, 3 BETHESDA METRO CENTER STE 700, BETHESDA, MD 20814
Signed the 990
DR KRISTIN R TICHENOR, PRESIDENT
Phone
(301) 941-1827
Return prepared by
KENDALL PREBOLA AND JONES LLC

Mission

TO ENSURE THAT ALL SEGMENTS OF THE POPULATION HAVE ACCESS TO MORE POST- SECONDARY EDUCATION THROUGH THE TUITION EXCHANGE SCHOLARSHIP PROGRAM.

990 for the year ended June 30, 2025

Program accomplishments

  • THE TUITION EXCHANGE IS A NATIONAL SCHOLARSHIP EXCHANGE PROGRAM FOR INSTITUTIONS OF HIGHER EDUCATION. THE PROGRAM IS A NETWORK OF COLLEGES AND UNIVERSITIES WILLING TO ACCEPT, TUITION-FREE (OR AT THE SET RATE), STUDENTS FROM FULL-TIME EMPLOYEES OF PARTICIPATING INSTITUTIONS. EACH PARTICIPATING INSTITUTION AGREES TO TRY TO BALANCE EXPORTED STUDENTS WITH IMPORTED STUDENTS. MEMBERS ESTABLISH THEIR OWN RULES FOR SENDING AND RECEIVING STUDENTS. TUITION EXCHANGE'S MAIN SOURCES OF REVENUE ARE MEMBERSHIP DUES AND PARTICIPATION FEES. FULL MEMBERSHIP SERVICES INCLUDE PROVIDING PRINT MARKETING MATERIALS, STAFF DEVELOPMENT TRAINING, DATA REPORTING, COMPREHENSIVE WEBSITE RESOURCES, ON-LINE APPLICATION PROCESS, EMAIL/CALL CENTER/ASSISTANCE FROM STAFF IN DAILY ON-CAMPUS ADMINISTRATION OF THE TUITION EXCHANGE PROGRAM, AND YEAR-ROUND RECRUITMENT OF NEW MEMBER INSTITUTIONS. GRANTS ARE ALSO AWARDED IN ORDER TO SUPPLEMENT TUITION EXCHANGE SCHOLARSHIPS FOR THOSE HIGH ACHIEVING STUDENTS WHO NEED MORE FINANCIAL HELP IN PAYING NON-TUITION COLLEGE EXPENSES.
    Expenses $805,509 · grants $40,000 · revenue $854,590

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
04-2227075
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90Z)
Assets (IRS master file)
$1,550,184
Income (IRS master file)
$896,879

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$875,089$1,039,243$1,550,184XML
990June 2024$888,813$885,527$1,848,164XML
990June 2023$782,739$718,656$1,649,013IRS
990June 2022$746,030$683,680$1,514,822IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2227075).

Questions about TUITION EXCHANGE INC

What is the EIN of TUITION EXCHANGE INC?
The employer identification number (EIN) of TUITION EXCHANGE INC is 04-2227075.
Is TUITION EXCHANGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to TUITION EXCHANGE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TUITION EXCHANGE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TUITION EXCHANGE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TUITION EXCHANGE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of TUITION EXCHANGE INC?
The 990 for the year ended June 30, 2025 names DR KRISTIN R TICHENOR.
Who are the officers and directors of TUITION EXCHANGE INC?
The 990 for the year ended June 30, 2025 lists 13 people; 2 received compensation from the organization, the highest $182,693 (DR KRISTIN R TICHENOR, PRESIDENT).
How much revenue does TUITION EXCHANGE INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $875,089, expenses of $1,039,243 and total assets of $1,550,184 at year end.

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