Nonprofit · EIN 23-7396384
WORLD EDUCATION SERVICES INC
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $139,593,000 | $98,706,735 | $40,886,265 | $259,765,506 | $34,659,462 | $225,106,044 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $99,612,079
- Investment income
- $39,798,853
- Net gain from sales of assets
- $36,018,916
- Other revenue
- $182,068
Expenses
- Grants and similar amounts paid
- $6,912,235
- Compensation of officers, directors and key employees
- $5,124,528
- Other salaries and wages
- $38,903,151
- Salaries, compensation and benefits (total)
- $53,888,800
- Professional fundraising fees
- $0
- Legal fees
- $484,210
- Accounting fees
- $277,474
- Occupancy
- $1,602,369
- Travel
- $2,263,764
- Depreciation
- $185,916
- Program services (functional)
- $79,157,073
- Management and general (functional)
- $19,549,662
Balance sheet and other
- Total assets, start of year
- $233,089,458
- Total assets, end of year
- $259,765,506
- Total liabilities, end of year
- $34,659,462
- Net assets, end of year
- $225,106,044
- Land, buildings and equipment
- $201,847
- Publicly traded securities
- $190,652,439
- Net assets without donor restrictions
- $225,106,044
- Gross unrelated business income
- -$9,313
- Gross receipts
- $294,044,972
- Employees
- 282
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ESTHER T BENJAMIN | CEO & EXECUTIVE DIRECTOR Officer | 40 | $951,029 | $45,497 |
| JOHN VERMAATEN THRU 123124 | CHIEF FINANCIAL OFFICER Officer | 40 | $560,251 | $58,337 |
| CHERYL TOTO | CHIEF OPERATIONS OFFICER Key employee | 40 | $492,302 | $58,337 |
| PAUL FELTMAN | DEPUTY EXECUTIVE DIRECTOR, GTB Highest-paid employee | 40 | $418,058 | $48,060 |
| BIREN SHAH | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $425,522 | $24,150 |
| HOLLY SANDERS | CHIEF TRANSFORMATION OFFICER Highest-paid employee | 40 | $392,323 | $33,482 |
| MONICA K MUNN | CHIEF SOCIAL IMPACT OFFICER Key employee | 40 | $402,054 | $22,412 |
| ABBIE J COWAN | CHIEF PEOPLE OFFICER Key employee | 40 | $392,590 | $24,374 |
| ERNEST WURZBACH | SR. DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $325,501 | $43,302 |
| MEGAN BLACKBURN | SIR. DIRECTOR, STRATEGY & PLANNING Key employee | 40 | $307,107 | $45,883 |
| SHAMIRA MADHANY | MANAGING DIRECTOR, WES CANADA Key employee | 40 | $328,072 | $13,383 |
| BRIAN KOSTANTIN | SR DIRECTOR OF SALES, MKTG & CS Highest-paid employee | 40 | $305,144 | $22,763 |
| NITEESE LENTON AS OF 10724 | CHIEF FINANCIAL OFFICER Officer | 40 | $74,224 | $7,081 |
| AUDREY HENDLEY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SIDNEY R HARGO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HELEN HAYWARD | SECRETARY Trustee or director, Officer | 1 | $0 |
| FERIDUN HAMDULLAHPUR | TREASURER Trustee or director, Officer | 1 | $0 |
| CAROLINE GAYLE | TRUSTEE Trustee or director | 1 | $0 |
| JOANNA HARRIES | TRUSTEE Trustee or director | 1 | $0 |
| SHAKTI JAUHAR | TRUSTEE Trustee or director | 1 | $0 |
| AARON WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| JULIE REDDY | TRUSTEE Trustee or director | 1 | $0 |
| PAOLO VARIAS | TRUSTEE Trustee or director | 1 | $0 |
| FANTA AW | TRUSTEE Trustee or director | 1 | $0 |
| KAMAL BHATTACHARYA | TRUSTEE Trustee or director | 1 | $0 |
| TOMAS CHAMORRO-PREMUZIC | TRUSTEE Trustee or director | 1 | $0 |
| DONNA DANIELS | TRUSTEE Trustee or director | 1 | $0 |
| AJAY PATEL | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- ONE BATTERY PARK PLAZA 3RD FLOOR, NEW YORK, NY 10004-1405
- In care of
- % NEJAT AHMED
- Principal officer (990 for 2024)
- ESTHER T BENJAMIN, 1 STATE STREET FL15, NEW YORK, NY 10004
- Signed the 990
- ESTHER T BENJAMIN, CEO & EXEC. DIR.
- Phone
- (212) 219-7307
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
SEE SCHEDULE O.
Program accomplishments
- CREDENTIAL EVALUATION: AS A LEADER IN GLOBAL EDUCATION FOR OVER 50 YEARS, WES HAS SET THE STANDARD FOR INTERNATIONAL ACADEMIC CREDENTIAL EVALUATION, SUPPORTING MILLIONS OF PEOPLE AS THEY SEEK TO ACHIEVE THEIR ACADEMIC AND PROFESSIONAL GOALS. IN 2024, WES SERVED MORE THAN 475,000 INDIVIDUALS, WHO BROUGHT THE ORGANIZATION NEARLY 620,000 ACADEMIC CREDENTIALS FOR EVALUATION FROM ALMOST 23,000 INSTITUTIONS FROM MORE THAN 200 COUNTRIES AND TERRITORIES AROUND THE WORLD. (CONTINUED ON SCHEDULE O).Expenses $59,060,070 · revenue $99,612,079
- SOCIAL IMPACT: WES ENGAGES IN PROGRAMMATIC INITIATIVES, POLICY AND ADVOCACY EFFORTS, AND PHILANTHROPIC ACTIVITIES TO SUPPORT THE ECONOMIC, EDUCATIONAL, AND SOCIAL INCLUSION OF IMMIGRANTS, REFUGEES, AND INTERNATIONAL STUDENTS IN THE UNITED STATES OF AMERICA AND CANADA.Expenses $20,097,003 · grants $6,912,235
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7396384
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q22Z)
- Assets (IRS master file)
- $259,765,506
- Income (IRS master file)
- $294,044,972
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $99,938,416 | $91,492,697 | $233,089,458 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $98,705,023 | $85,612,582 | $205,422,025 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WORLD EDUCATION SERVICES INC
- What is the EIN of WORLD EDUCATION SERVICES INC?
- The employer identification number (EIN) of WORLD EDUCATION SERVICES INC is 23-7396384.
- Is WORLD EDUCATION SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to WORLD EDUCATION SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD EDUCATION SERVICES 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 WORLD EDUCATION SERVICES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD EDUCATION SERVICES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORLD EDUCATION SERVICES INC?
- The 990 for the year ended December 31, 2024 names ESTHER T BENJAMIN.
- Who are the officers and directors of WORLD EDUCATION SERVICES INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 13 received compensation from the organization, the highest $951,029 (ESTHER T BENJAMIN, CEO & EXECUTIVE DIRECTOR).
- How much revenue does WORLD EDUCATION SERVICES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $139,593,000, expenses of $98,706,735 and total assets of $259,765,506 at year end.
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