Civic Intelligence

World Education Inc

990 • Fiscal year 2019 • EIN 13-1804349

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

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44 Farnsworth StreetBoston, MA 02210-1211

(617) 482-9485

Siviq Scores

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

Liabilities / Assets

75th percentile

0.56x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.11x

Higher debt load relative to revenue than 25% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

37th percentile

0.3%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$235,542

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

95th percentile

62%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-7.9%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,040,127

Up $3,469,398 (+62%) from 2018

Net Assets

Up

$3,994,598

Up $114,322 (+2.9%) from 2018

Liabilities

Up

$5,045,529

Up $3,355,076 (+198%) from 2018

Revenue

Down

$44,979,445

Down $3,866,939 (-7.9%) from 2018

Expenses

Down

$44,865,123

Down $3,741,924 (-7.7%) from 2018

Net Income

Down

$114,322

Down $125,015 (-52%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,605,400Liabilities 2011: $4,335,421Net Assets 2011: $3,269,9792011Assets 2012: $6,386,565Liabilities 2012: $3,336,304Net Assets 2012: $3,050,2612012Assets 2013: $5,874,169Liabilities 2013: $2,937,490Net Assets 2013: $2,936,6792013Assets 2014: $5,576,929Liabilities 2014: $2,717,112Net Assets 2014: $2,859,8172014Assets 2015: $6,234,181Liabilities 2015: $3,740,435Net Assets 2015: $2,493,7462015Assets 2016: $8,331,437Liabilities 2016: $5,234,378Net Assets 2016: $3,097,0592016Assets 2017: $7,250,263Liabilities 2017: $3,666,485Net Assets 2017: $3,583,7782017Assets 2018: $5,570,729Liabilities 2018: $1,690,453Net Assets 2018: $3,880,2762018Assets 2019: $9,040,127Liabilities 2019: $5,045,529Net Assets 2019: $3,994,5982019Assets 2020: $9,953,064Liabilities 2020: $5,896,799Net Assets 2020: $4,056,2652020Assets 2021: $10,235,072Liabilities 2021: $4,554,759Net Assets 2021: $5,680,3132021Assets 2022: $10,873,421Liabilities 2022: $4,359,455Net Assets 2022: $6,513,9662022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$9,040,127
Liabilities$5,045,529
Net Assets$3,994,598

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $33,833,7042011Expenses 2012: $32,219,9122012Revenue 2013: $34,844,095Expenses 2013: $34,957,677Net Income 2013: -$113,5822013Revenue 2014: $36,727,978Expenses 2014: $36,804,840Net Income 2014: -$76,8622014Revenue 2015: $38,248,815Expenses 2015: $38,614,886Net Income 2015: -$366,0712015Revenue 2016: $45,129,344Expenses 2016: $44,677,797Net Income 2016: $451,5472016Revenue 2017: $46,578,295Expenses 2017: $46,134,858Net Income 2017: $443,4372017Revenue 2018: $48,846,384Expenses 2018: $48,607,047Net Income 2018: $239,3372018Revenue 2019: $44,979,445Expenses 2019: $44,865,123Net Income 2019: $114,3222019Revenue 2020: $42,331,318Expenses 2020: $42,269,651Net Income 2020: $61,6672020Revenue 2021: $46,829,834Expenses 2021: $45,205,786Net Income 2021: $1,624,0482021Revenue 2022: $51,800,410Expenses 2022: $50,966,757Net Income 2022: $833,6532022Revenue 2023: $48,101,068Expenses 2023: $48,262,709Net Income 2023: -$161,6412023

Highlighted filing

2019

Revenue$44,979,445
Expenses$44,865,123
Net Income$114,322
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.3
Gross Receipts
$44,979,445
Mission and Program Overview

Mission

World education is dedicated to improving the lives of the poor through education, and economic and social development programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,434,040$5,264,559▲ $2,830,519
Cash and Non-Interest-Bearing Accounts$3,041,738$3,625,500▲ $583,762
Investments Other Securities$36,945$0▼ $36,945
Land, Buildings, and Equipment, Net$26,709$15,424▼ $11,285
Prepaid Expenses and Deferred Charges$0$3,807▲ $3,807
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,570,729$9,040,127▲ $3,469,398
Other Assets Total$31,297$130,837▲ $99,540
Liabilities
Other Liabilities$0$3,432,979▲ $3,432,979
Accounts Payable and Accrued Expenses$1,616,438$1,612,550▼ $3,888
Grants Payable$74,015$0▼ $74,015
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,690,453$5,045,529▲ $3,355,076
Net Assets / Fund Balance
Unrestricted Net Assets$3,623,067$3,690,612▲ $67,545
Temporarily Rstr Net Assets$257,209$303,986▲ $46,777
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,880,276$3,994,598▲ $114,322
Total Liabilities and Net Assets / Fund Balance$5,570,729$9,040,127▲ $3,469,398

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,424$384,152$399,576
Leasehold Improvements-$30,355$30,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Haiyan HuaVice PresidentFT$184,723$50,819$235,542
Gillian Garb-sieffVice PresidentFT$176,250$47,043$223,293
Daniel MacneilVice PresidentFT$148,500$62,106$210,606
Suzanne Van HookFinance DirectorFT$119,980$36,502$156,482
Silja KallenbachVice PresidentFT$140,214$9,580$149,794
Janet BarrySenior Technical AdvisorFT$135,495$10,898$146,393
Naomi ReichDeputy Chief of PartyFT$118,583$17,507$136,090
Patience NdlovuCountry DirectorFT$116,962-$116,962

Board Members and Trustees

NameTitle
Paul MusanteDirector - Chair
Joel LamsteinPresident
Linda HarrarDirector - Vice Chair
Cathy RoyalDirector
Donna McKayDirector
Farida KathawallaDirector
Hafiz AdamjeeDirector
Iqbal QuadirDirector
Josh LamsteinDirector
Mark A NelsonDirector
Rishi BhaleraoDirector
Tanya JonesDirector
Betsy NelsonDirector (thru 03/2019)
David P MagnaniDirector (thru 10/2018)
Fred O'ReganDirector (thru 10/2018)
Ginny KirkwoodDirector (thru 10/2018)
Louis KaplowDirector (thru 10/2018)
Christine SmithDirector - Secretary
Lisa StockbergerDirector - Treasurer
Alexander Bakerchief operating officer

Highest Paid Contractors

ContractorServicesLocationCompensation
John Snow Incconsultant44 Farnsworth Street, Boston, MA 02210$2,937,213
Revenue and Support

Revenue Composition

Contributions and Grants
$44,972,656
Program Service Revenue
$0
Investment Income
$6,789
Other Revenue
$0
All Other Contributions
$10,701,929
Change in Net Assets
$114,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,979,445
Total Revenue per Audited Statements
$44,979,445
Total Revenue per Form 990
$44,979,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,489,772
Grants and Similar Amounts Paid$13,695,090
Salaries, Compensation, and Employee Benefits$7,680,261
Total Fundraising Expense$145,214
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$12,659,424--$12,659,424
Other Salaries and Wages$2,458,285$2,073,276$57,369$4,588,930
Fees for Services Other$827,020$1,756,040$2,450$2,585,510
Other Employee Benefits$1,301,821$1,097,934$30,380$2,430,135
Travel$1,885,533$443,487$507$2,329,527
Occupancy$455,021$1,081,334-$1,536,355
Other Expenses$1,295,240$0$17,630$1,312,870
Office Expenses$798,779$250,667$5,376$1,054,822
Grants to Domestic Orgs$1,035,666--$1,035,666
All Other Expenses-$782,006-$782,006
Current Officers, Directors, Trustees, and Key Employees$354,202$298,728$8,266$661,196
Conferences and Meetings$41,866$43,670$719$86,255
Total Functional Expenses$36,086,964$8,632,945$145,214$44,865,123

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$44,865,123
Total Expenses per Audited Statements$44,865,123
Total Expenses per Form 990$44,865,123
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mercy Corps InternationalPortland, OR501(c)(3)operational support$215,030
Handicap InternationalSilver Spring, MD501(c)(3)operational support$204,935
Fourwords Impact LLCfrederick, MD501(c)(3)operational support$42,585
My Learning ConsultantsLenexa, KS-operational support$21,687
University of Massachsetts AmherstAmherst, MA-operational support$20,778
Sterling PrintingStoneham, MA-operational support$19,961
The Pennylvania State UniversityUnviversity Park, PA-operational support$10,906
Cell Ed LLCPala Alto, CA-operational support$8,000
Pairin IncDenver, CO-operational support$7,500
PunchclockWashington, DC-operational support$6,750
Atomik DesignSomerville, MA501(c)(3)operational support$6,000

International Summary

Offices
17
Employees
460
Spending
$61,443,267

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesEducation12336$35,641,470
Sub-Saharan AfricaGrantmaking---$11,190,050
East Asia and the PacificProgram ServicesEducation367$7,679,212
South AsiaProgram ServicesEducation152$4,899,896
South AsiaGrantmaking---$976,172
Middle East and North AfricaProgram ServicesEducation15$563,265
East Asia and the PacificGrantmaking---$317,436
Europe (Including Iceland and Greenland)Grantmaking---$175,766
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
john snow incofficer is ownerFee for consulting servicesNo$2,937,213

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances for Program Work$3,432,979
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
World Education Inc
EIN
13-1804349
In Care Of
% JOEL H LAMSTEIN
Phone
6174829485
Address
44 Farnsworth Street, Boston, MA 02210-1211

Signing Officer

Name
Janice Clark
Title
controller
Phone
6174829485
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel H Lamstein
Formed
1951
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
106
Volunteers
13

Preparer

Firm
Grant Thornton Llp
Address
75 STATE STREET 13TH FLOOR, BOSTON, MA 02109
Preparer
Erin Couture
Phone
6177237900
Supplemental Narrative

Additional Explanations

Part III, Line 4D - Other Program Services

DOMESTIC PROGRAMS: World Educations U.S. Division advances the economic mobility of vulnerable people and communities through education. the u.s. division improves the quality, efficiency, and availability of education for adults with low skills in educational settings, workplaces, libraries, and more. it is one of the leading providers of progessional development and technical assistance for adult education, and operates four centers of expertise and the MA Adult Literacy Hotline. It develops, documents, and disseminates innovations and promising practices in adult education, and responds to pressing needs, such as the need for foundational digital skills. Part VI - Governance and Management Disclosures Part VI, Line 2 Josh Lamstein, Board Member, and Joel Lamstein, WEI President and non-voting Board Member, have a family relationship. PART VI, LINE 3 The President and COO of WEI are employees of John Snow, Inc. (JSI) an S-Corporation controlled by the President. The President and COO are provided to WEI to provide management services for the organization. WEI is charged by JSI, Inc. for the service through an allocation methodology. The organization made a payment of $2,937,213 relative to services and materials provided by JSI. This payment includes allocated compensation for management services of: Joel Lamstein, President - $74,495 Alexander Baker, Chief Operating Officer - $47,012 PART VI, LINE 6 The sole member of the organization is JSI Research and Training Institute, Inc. PART VI, LINE 7 AND 7B As the sole member JSI Research and Training Institute, Inc. has the right and powers to appoint and remove trustees; to propose and/or approve all amendments to the bylaws and certificate of incorporation; to propose and /or approve all sales or other disposition of all of the property of the organization; to propose and/or approve dissolution, consolidation or merger of the organization; and all other such powers and rights that are vested in the sole member. Part VI, Section B, Line 11B THE FORM 990 WAS PREPARED BY AN ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE the full board including the president and the director of finance. EACH individual WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Part VI, Section B, Line 12C The organization requires all management, board members, and staff to review, understand and report any violations of the conflict of interest policy. Part VI, Section B, Line 15 The organization reviews salary history, biodata, market/industry comparisons and internal equity evaluations. For officers and key employees other than the President, an annual review is performed either by the President or Human Resources. For the President, the compensation is reviewed using comparability data by the Board of Directors and there is substantiation of the deliberation and decision. Part VI, Section C, Line 19 Upon Request. Part VI, Section C, Line 19 Upon Request.

Part V, Line 4B, Foreign Countries (Continued)

Tanzania Swaziland Zimbabwe Egypt Thailand Indonesia Nigeria India COTE D'IVOIRE malawi mozambique myanmar

Financial Statement Notes

Income Taxes

The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is not a private foundation as described in Section 509. Accordingly, no provision for income taxes is included in the accompanying consolidated financial statements. The organization has evaluated its tax positions and believes that there would be no material changes to the results of its operations or financial position as a result of an audit by the applicable taxing authorities, federal or state. The organization has filed all of its known and required returns in a timely manner including as permitted allowed extensions. Following administrative practice of the taxing authorities, the tax years 2016, 2017 and 2018 will remain open years subject to examination and review.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Linda Harrar
IRS990/Form990PartVIISectionAGrp/PersonNm2Lisa Stockberger
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IRS990/Form990PartVIISectionAGrp/PersonNm9Ginny Kirkwood
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IRS990/Form990PartVIISectionAGrp/PersonNm13Betsy Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm14Mark A Nelson
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IRS990/Form990PartVIISectionAGrp/PersonNm16Iqbal Quadir
IRS990/Form990PartVIISectionAGrp/PersonNm17Cathy Royal
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director - Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director - Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director - Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director - Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director (thru 10/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director (thru 10/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director (thru 10/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director (thru 03/2019)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director (thru 10/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18President
IRS990/Form990PartVIISectionAGrp/TitleTxt19chief operating officer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt24COUNTRY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25FINANCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DEPUTY CHIEF OF PARTY
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$48.1$48.3$0.16
2022Detailed filing. Detailed filing data is available for this year.$10.9$4.36$6.51$51.8$51.0$0.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$4.55$5.68$46.8$45.2$1.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.95$5.90$4.06$42.3$42.3$0.06
2019Detailed filing. Detailed filing data is available for this year.$9.04$5.05$3.99$45.0$44.9$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$1.69$3.88$48.8$48.6$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.25$3.67$3.58$46.6$46.1$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.33$5.23$3.10$45.1$44.7$0.45
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$3.74$2.49$38.2$38.6$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.58$2.72$2.86$36.7$36.8$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$2.94$2.94$34.8$35.0$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$3.34$3.05$32.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.61$4.34$3.27$33.8
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $25M-$50M nonprofits