Civic Intelligence

The Tuition Exchange Inc

990 • Fiscal year 2017 • EIN 04-2227075

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 26, 2017

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

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.22x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$161,376

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 26.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.7%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,059,743

Up $108,055 (+11%) from 2016

Net Assets

Up

$928,289

Up $76,315 (+9.0%) from 2016

Liabilities

Up

$131,454

Up $31,740 (+32%) from 2016

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin49th percentile

Revenue

Up

$609,238

Up $21,823 (+3.7%) from 2016

Expenses

Up

$593,389

Up $18,569 (+3.2%) from 2016

Net Income

Up

$15,849

Up $3,254 (+26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2017

Assets$1,059,743
Liabilities$131,454
Net Assets$928,289
Open 2017 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

2017

Revenue$609,238
Expenses$593,389
Net Income$15,849
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 26, 2017
Return Version
2016v3.0
Gross Receipts
$609,238
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$740,180$828,544▲ $88,364
Savings and Temporary Cash Investments$142,480$143,195▲ $715
Cash and Non-Interest-Bearing Accounts$22,853$36,057▲ $13,204
Land, Buildings, and Equipment, Net$35,136$35,786▲ $650
Prepaid Expenses and Deferred Charges$8,539$16,016▲ $7,477
Accounts Receivable$2,500$145▼ $2,355
Total Assets$951,688$1,059,743▲ $108,055
Liabilities
Grants Payable$83,614$100,172▲ $16,558
Deferred Revenue$9,500$24,300▲ $14,800
Accounts Payable and Accrued Expenses$6,600$6,982▲ $382
Total Liabilities$99,714$131,454▲ $31,740
Net Assets / Fund Balance
Unrestricted Net Assets$851,974$928,289▲ $76,315
Total Net Assets Fund Balance$851,974$928,289▲ $76,315
Total Liabilities and Net Assets / Fund Balance$951,688$1,059,743▲ $108,055

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,786$66,619$102,405
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D ShorbSecretary/Exec. DirectorFT$140,327$21,049$161,376

Board Members and Trustees

NameTitle
Lynn M BynumChairman
Barbara FritzeDirector
Dr Anthony S CaprioDirector
Edwin J ButterfossDirector
Howard D SaperstonDirector
James M MulanaphyDirector
John A PalmucciDirector
Melissa J StoneDirector
Dr Lucie LapovskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$576,380
Investment Income
$19,558
Other Revenue
$13,300
Change in Net Assets
$15,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$403,417
Other Expenses$142,164
Grants and Similar Amounts Paid$47,808
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,860$71,555-$165,415
Current Officers, Directors, Trustees, and Key Employees$95,047$68,827-$163,874
Grants to Domestic Individuals$47,808--$47,808
Other Employee Benefits$13,300$12,779-$26,079
Pension Plan Contributions$13,054$12,543-$25,597
Travel$10,070$15,106-$25,176
Payroll Taxes$11,974$10,478-$22,452
Depreciation Depletion$14,841$6,360-$21,201
Information Technology$14,828$1,648-$16,476
Conferences and Meetings$12,752--$12,752
Office Expenses$6,511$2,518-$9,029
Fees for Services Accounting-$7,337-$7,337
Occupancy$4,178$3,054-$7,232
Insurance$2,709$2,947-$5,656
Advertising$4,786--$4,786
Other Expenses$1,985$1,985-$3,970
Total Functional Expenses$347,703$245,686$0$593,389
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
Yes
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 11B

“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
2017-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Shorb
Formed
1954
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
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 494 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/PayrollTaxesGrp/TotalAmt022452
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012543
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013054
IRS990/PensionPlanContributionsGrp/TotalAmt025597
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08539
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016016
IRS990/PrincipalOfficerNm0Robert Shorb
IRS990/PriorPeriodAdjustmentsAmt0-9100
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Member dues
IRS990/ProgramServiceRevenueGrp/Desc1Program fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0329000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1247380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0329000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1247380
IRS990/ProgSrvcAccomActy2Grp/Desc0Tuition Exchange Grant Opportunity - A scholarship program for Tuition Exchange particpants from low-income families.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047808
IRS990/ProgSrvcAccomActy2Grp/GrantAmt047808
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt037526
IRS990/PYInvestmentIncomeAmt019315
IRS990/PYOtherExpensesAmt0139007
IRS990/PYOtherRevenueAmt014835
IRS990/PYProgramServiceRevenueAmt0553265
IRS990/PYRevenuesLessExpensesAmt012595
IRS990/PYSalariesCompEmpBnftPaidAmt0398287
IRS990/PYTotalExpensesAmt0574820
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0587415
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015849
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0589680
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0142480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0143195
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0329000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0316000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0316000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0309400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0307000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01577400
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt019315
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt019076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt018840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015633
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt092421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0250880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0242515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0237535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0231035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0222705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01184670
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt019315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt019076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015633
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt092421
IRS990ScheduleA/InvestmentIncomeCYPct00.03230
IRS990ScheduleA/InvestmentIncomePYPct00.03170
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09585
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0375
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96390
IRS990ScheduleA/PublicSupportPY509Pct00.96420
IRS990ScheduleA/PublicSupportTotal509Amt02762070
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0579880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0558515
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0553535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0540435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0529705
IRS990ScheduleA/Total509Grp/TotalAmt02762070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0600137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0587415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0572821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0559425
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0545713
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02865511
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035786
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066619
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0102405
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/TotalBookValueLandBuildingsAmt035786
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition Exchange Grant Opportunity
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
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/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140327
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021049
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert D Shorb
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary/Exec. Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0161376
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director's pay scale is compared to similar positions in the DC area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Tuition Exchange makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part XI, Line 2C: The financial statements are reviewed by the board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,059,743
Liabilities
$131,454
Net assets
$928,289
Revenue
$609,238
Expenses
$593,389
Net income
$15,849
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
Peer Organizations

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