Civic Intelligence

The Tuition Exchange Inc

990 • Fiscal year 2015 • EIN 04-2227075

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 19, 2015

Organization Profilewww.tuitionexchange.org

View Organization Page

3 Bethesda Metro Center No 700Bethesda, MD 20814

(301) 941-1827

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.09x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.16x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

62nd percentile

8.2%

Higher net margin than 62% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$178,313

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 31.1% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.4%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$962,084

Up $26,030 (+2.8%) from 2014

Net Assets

Up

$871,896

Up $33,626 (+4.0%) from 2014

Liabilities

Down

$90,188

Down $7,596 (-7.8%) from 2014

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin62nd percentile

Revenue

Up

$572,825

Up $13,400 (+2.4%) from 2014

Expenses

Down

$525,802

Down $13,781 (-2.6%) from 2014

Net Income

Up

$47,023

Up $27,181 (+137%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $837,408Liabilities 2011: $151,279Net Assets 2011: $686,1292011Assets 2012: $786,929Liabilities 2012: $118,297Net Assets 2012: $668,6322012Assets 2013: $842,365Liabilities 2013: $87,497Net Assets 2013: $754,8682013Assets 2014: $936,054Liabilities 2014: $97,784Net Assets 2014: $838,2702014Assets 2015: $962,084Liabilities 2015: $90,188Net Assets 2015: $871,8962015Assets 2016: $951,688Liabilities 2016: $99,714Net Assets 2016: $851,9742016Assets 2017: $1,059,743Liabilities 2017: $131,454Net Assets 2017: $928,2892017Assets 2018: $1,180,544Liabilities 2018: $173,794Net Assets 2018: $1,006,7502018Assets 2019: $1,213,323Liabilities 2019: $146,816Net Assets 2019: $1,066,5072019Assets 2020: $1,354,132Liabilities 2020: $199,351Net Assets 2020: $1,154,7812020Assets 2021: $1,682,595Liabilities 2021: $249,660Net Assets 2021: $1,432,9352021Assets 2022: $1,514,822Liabilities 2022: $271,459Net Assets 2022: $1,243,3632022Assets 2023: $1,649,013Liabilities 2023: $234,543Net Assets 2023: $1,414,4702023Assets 2024: $1,848,164Liabilities 2024: $378,860Net Assets 2024: $1,469,3042024Assets 2025: $1,550,184Liabilities 2025: $160,385Net Assets 2025: $1,389,7992025

Highlighted filing

2015

Assets$962,084
Liabilities$90,188
Net Assets$871,896
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $452,7972011Expenses 2012: $468,1162012Revenue 2013: $545,713Expenses 2013: $522,762Net Income 2013: $22,9512013Revenue 2014: $559,425Expenses 2014: $539,583Net Income 2014: $19,8422014Revenue 2015: $572,825Expenses 2015: $525,802Net Income 2015: $47,0232015Revenue 2016: $587,415Expenses 2016: $574,820Net Income 2016: $12,5952016Revenue 2017: $609,238Expenses 2017: $593,389Net Income 2017: $15,8492017Revenue 2018: $695,970Expenses 2018: $646,120Net Income 2018: $49,8502018Revenue 2019: $725,195Expenses 2019: $672,605Net Income 2019: $52,5902019Revenue 2020: $719,565Expenses 2020: $637,200Net Income 2020: $82,3652020Revenue 2021: $763,072Expenses 2021: $658,364Net Income 2021: $104,7082021Revenue 2022: $746,030Expenses 2022: $683,680Net Income 2022: $62,3502022Revenue 2023: $782,739Expenses 2023: $718,656Net Income 2023: $64,0832023Revenue 2024: $888,813Expenses 2024: $885,527Net Income 2024: $3,2862024Revenue 2025: $875,089Expenses 2025: $1,039,243Net Income 2025: -$164,1542025

Highlighted filing

2015

Revenue$572,825
Expenses$525,802
Net Income$47,023
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 19, 2015
Return Version
2014v5.0
Gross Receipts
$572,825
Mission and Program Overview

Mission

To ensure that all segments of the population have access to more post- secondary education through the tuition exchange scholarship program.

Provide access to post-secondary education through a tuition exchange scholarship program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$756,739$761,476▲ $4,737
Savings and Temporary Cash Investments$131,385$131,793▲ $408
Land, Buildings, and Equipment, Net$18,734$27,935▲ $9,201
Cash and Non-Interest-Bearing Accounts$22,477$27,849▲ $5,372
Prepaid Expenses and Deferred Charges$6,684$11,816▲ $5,132
Accounts Receivable$35$1,215▲ $1,180
Total Assets$936,054$962,084▲ $26,030
Liabilities
Grants Payable$91,184$83,588▼ $7,596
Accounts Payable and Accrued Expenses$6,600$6,600→ $0
Total Liabilities$97,784$90,188▼ $7,596
Net Assets / Fund Balance
Unrestricted Net Assets$838,270$871,896▲ $33,626
Total Net Assets Fund Balance$838,270$871,896▲ $33,626
Total Liabilities and Net Assets / Fund Balance$936,054$962,084▲ $26,030

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$27,935$34,656$62,591
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D ShorbSecretary/Executive DirectFT$137,000$41,313$178,313

Board Members and Trustees

NameTitle
Howard D SaperstonChairman
Barbara FritzeDirector
Dr Anthony S CaprioDirector
Dr Sherrill ClelandDirector
Edwin J ButterfossDirector
James M MulanaphyDirector
John A PalmucciDirector
Lynn M BynumDirector
Melissa J StoneDirector
Susan JurowDirector
Dr Lucie LapovskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$547,935
Investment Income
$19,080
Other Revenue
$5,810
Change in Net Assets
$47,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$565,332
Revenue Not Reported on Financial Statements
$7,493
Revenue Not Reported on Form 990
$-5,904
Total Revenue per Audited Statements
$559,428
Total Revenue per Form 990
$572,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$397,284
Other Expenses$119,864
Grants and Similar Amounts Paid$8,654
Total Fundraising Expense$1,880
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$104,888$74,146$1,809$180,843
Other Salaries and Wages$88,800$67,200-$156,000
Conferences and Meetings$5,033$38,718-$43,751
Pension Plan Contributions$11,934$11,466-$23,400
Travel$9,207$13,811-$23,018
Payroll Taxes$11,521$10,007$71$21,599
Other Employee Benefits$7,875$7,567-$15,442
Depreciation Depletion$7,734$3,314-$11,048
Grants to Domestic Individuals$8,654--$8,654
Office Expenses$5,681$2,577-$8,258
Fees for Services Accounting-$6,818-$6,818
Other Expenses$3,195$3,196-$6,391
Occupancy$3,348$2,931-$6,279
Insurance$2,991$2,618-$5,609
Information Technology$4,217$469-$4,686
Advertising$4,006--$4,006
Total Functional Expenses$279,084$244,838$1,880$525,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$525,802
Total Expenses per Audited Statements$525,802
Total Expenses per Form 990$525,802
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The Form 990 is reviewed by the board of directors prior to filing.”

Form 990, Part VI, Section B, line 12C

“In the event that a board member has a conflict of interest, s/he is required to disclose such conflict and not participate in any related deliberations or decisions.”

Form 990, Part VI, Section B, line 15A

“The executive director's pay scale is compared to similar positions in the DC area.”

Form 990, Part VI, Section C, line 19

“The Tuition Exchange makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Tuition Exchange Inc
EIN
04-2227075
Phone
3019411827
Address
3 Bethesda Metro Center No 700, Bethesda, MD 20814

Signing Officer

Name
Robert Shorb
Title
Executive Director
Phone
3019411827
Signed
2015-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Shorb
Formed
1954
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
0

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Shannon Blevins CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“Form 990, Part XI, Line 2C: The financial statements are reviewed by the board.”

Financial Statement Notes

Part X, Line 2:

“The following was disclosed related to uncertain tax positions in the financial statements. The Tuition Exchange is exempt from income taxes under Section 501(c)(3) of the Internal Revenue code and is classified as an organization other than a private foundation under 509(a)(2) of the Internal Revenue Code. The Exchange adopted the provisions in ASC 740-10.”

Raw XML AppendixShowing 400 of 506 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Initation fees
IRS990/OtherRevenueMiscGrp/Desc1Late fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05600
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1210
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1210
IRS990/OtherRevenueTotalAmt05810
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt067200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt088800
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt071
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010007
IRS990/PayrollTaxesGrp/ProgramServicesAmt011521
IRS990/PayrollTaxesGrp/TotalAmt021599
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011466
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011934
IRS990/PensionPlanContributionsGrp/TotalAmt023400
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06684
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011816
IRS990/PrincipalOfficerNm0Robert Shorb
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Member dues
IRS990/ProgramServiceRevenueGrp/Desc1Program fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0316000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1231935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0316000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231935
IRS990/ProgSrvcAccomActy2Grp/Desc0Tuition Exchange Grant Opportunity - A scholarship program for Tuition Exchange particpants from low-income families.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08654
IRS990/ProgSrvcAccomActy2Grp/GrantAmt08654
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt039520
IRS990/PYInvestmentIncomeAmt018840
IRS990/PYOtherExpensesAmt0124133
IRS990/PYOtherRevenueAmt04700
IRS990/PYProgramServiceRevenueAmt0535885
IRS990/PYRevenuesLessExpensesAmt019842
IRS990/PYSalariesCompEmpBnftPaidAmt0375930
IRS990/PYTotalExpensesAmt0539583
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0559425
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt047023
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0553745
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0131385
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0131793
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0316000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0309400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0307000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0246400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0243490
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01422290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015633
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010158
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt077854
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0237535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0231035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0222705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0216030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0206782
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01114087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015633
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt077854
IRS990ScheduleA/InvestmentIncomeCYPct00.02980
IRS990ScheduleA/InvestmentIncomePYPct00.02810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0875
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96940
IRS990ScheduleA/PublicSupportPY509Pct00.97100
IRS990ScheduleA/PublicSupportTotal509Amt02536377
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0553535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0540435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0529705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0462430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0450272
IRS990ScheduleA/Total509Grp/TotalAmt02536377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0572821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0559425
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0545713
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0477452
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0460930
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02616341
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0525802
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07493
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5904
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027935
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034656
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062591
IRS990ScheduleD/RevenueNotReportedAmt0-5904
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07493
IRS990ScheduleD/RevenueSubtotalAmt0565332
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The following was disclosed related to uncertain tax positions in the financial statements. The Tuition Exchange is exempt from income taxes under Section 501(c)(3) of the Internal Revenue code and is classified as an organization other than a private foundation under 509(a)(2) of the Internal Revenue Code. The Exchange adopted the provisions in ASC 740-10.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027935
IRS990ScheduleD/TotalExpensesPerForm990Amt0525802
IRS990ScheduleD/TotalRevenuePerForm990Amt0572825
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0559428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525802
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition Exchange Grant Opportunity
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Tuition Exchange double checks the final eligibility requirements (actual family contribution from FAFSA) with the students. Scholarship payments are sent to the financial aid offices at the college the student attends with instructions to apply towards the student's tuition and confirm the student's enrollment. A Tuition Exchange liaison officer at the student's home institution also confirms student enrollment at an eligible institution via the Tuition Exchange annual report.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0137000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$962,084
Liabilities
$90,188
Net assets
$871,896
Revenue
$572,825
Expenses
$525,802
Net income
$47,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.55$0.16$1.39$0.88$1.04$0.16
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.38$1.47$0.89$0.89$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.23$1.41$0.78$0.72$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.27$1.24$0.75$0.68$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.25$1.43$0.76$0.66$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.20$1.15$0.72$0.64$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.15$1.07$0.73$0.67$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.17$1.01$0.70$0.65$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.13$0.93$0.61$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.10$0.85$0.59$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.09$0.87$0.57$0.53$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.10$0.84$0.56$0.54$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.09$0.75$0.55$0.52$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.12$0.67$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.15$0.69$0.45