Civic Intelligence

Educational Testing Service Retiree Medical and Life Insurance Benefit Plan

990 • Fiscal year 2017 • EIN 22-3372287

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 23, 2018

Organization Profilen/a
Rosedale Road MS 20-JPrinceton, NJ 08541

(609) 921-9000

Siviq Scores

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

Liabilities / Assets

87th percentile

0.51x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.71x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Net Margin

2nd percentile

-275%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

2nd percentile

-59%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

44%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$3,073,858

Down $4,463,654 (-59%) from 2016

Net Assets

Down

$1,512,526

Down $5,768,644 (-79%) from 2016

Liabilities

Up

$1,561,332

Up $1,304,990 (+509%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin2nd percentile

Revenue

Up

$2,204,143

Up $671,535 (+44%) from 2016

Expenses

Up

$8,275,202

Up $3,107,497 (+60%) from 2016

Net Income

Down

-$6,071,059

Down $2,435,962 (-67%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$30M$20M$10M$0Assets 2010: $25,081,702Liabilities 2010: $636,632Net Assets 2010: $24,445,0702010Assets 2011: $21,358,793Liabilities 2011: $1,534,651Net Assets 2011: $19,824,1422011Assets 2012: $18,046,983Liabilities 2012: $244,241Net Assets 2012: $17,802,7422012Assets 2013: $17,611,520Liabilities 2013: $144,614Net Assets 2013: $17,466,9062013Assets 2014: $14,599,828Liabilities 2014: $72,660Net Assets 2014: $14,527,1682014Assets 2015: $10,816,076Liabilities 2015: $241,132Net Assets 2015: $10,574,9442015Assets 2016: $7,537,512Liabilities 2016: $256,342Net Assets 2016: $7,281,1702016Assets 2017: $3,073,858Liabilities 2017: $1,561,332Net Assets 2017: $1,512,5262017

Highlighted filing

2017

Assets$3,073,858
Liabilities$1,561,332
Net Assets$1,512,526
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $5,805,2842010Expenses 2011: $5,591,9772011Expenses 2012: $5,316,8082012Revenue 2013: $2,475,623Expenses 2013: $4,317,363Net Income 2013: -$1,841,7402013Revenue 2014: $1,652,864Expenses 2014: $4,730,440Net Income 2014: -$3,077,5762014Revenue 2015: $1,517,670Expenses 2015: $5,109,330Net Income 2015: -$3,591,6602015Revenue 2016: $1,532,608Expenses 2016: $5,167,705Net Income 2016: -$3,635,0972016Revenue 2017: $2,204,143Expenses 2017: $8,275,202Net Income 2017: -$6,071,0592017

Highlighted filing

2017

Revenue$2,204,143
Expenses$8,275,202
Net Income-$6,071,059
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 23, 2018
Return Version
2017v2.3
Gross Receipts
$7,202,481
Mission and Program Overview

Mission

The plan provides medical, prescription drug and life insurance benefits to all eligible retired employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan.

The plan provides medical/life insurance benefits to all retirees and their dependents of ETS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,492,765$2,930,870▼ $4,561,895
Accounts Receivable$18,023$113,035▲ $95,012
Savings and Temporary Cash Investments$26,724$29,953▲ $3,229
Total Assets$7,537,512$3,073,858▼ $4,463,654
Liabilities
Accounts Payable and Accrued Expenses$14,702$1,144,755▲ $1,130,053
Other Liabilities$241,640$416,577▲ $174,937
Total Liabilities$256,342$1,561,332▲ $1,304,990
Net Assets / Fund Balance
Unrestricted Net Assets$7,281,170$1,512,526▼ $5,768,644
Total Net Assets Fund Balance$7,281,170$1,512,526▼ $5,768,644
Total Liabilities and Net Assets / Fund Balance$7,537,512$3,073,858▼ $4,463,654
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
Elliott Thomas JEBAC Member-$684,151$684,151
Freddo Michael JAlternate EBAC Member-$582,831$582,831
Johnson-Gregory Sheree LEBAC Member-$428,872$428,872
-Former EBAC Member-$375,308$375,308
Basehore JohnTrustee & Custodian$19,720-$19,720

Board Members and Trustees

NameTitle
Johnson-Gregory Sheree LAlternate EBAC Member
Basehore JohnEBAC Member
Freddo Michael JEBAC Member
Schroeder Glenn CEBAC Member
Elliott Thomas JFormer EBAC Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Aetna IncThird party administration151 Farmington Avenue, Hartford, CT 06156$242,958
Express ScriptsThird party administration1 Express Way, Saint Louis, MO 63121$122,421
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,383,178
Investment Income
$820,965
Other Revenue
$0
Change in Net Assets
$-6,071,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,204,143
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$302,415
Total Revenue per Audited Statements
$2,506,558
Total Revenue per Form 990
$2,204,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$7,839,401
Fees for Services Accounting---$26,890
Fees for Services Other---$19,720
Other Expenses---$280
Total Functional Expenses$0$0$0$8,275,202

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,275,202
Total Expenses per Audited Statements$8,275,202
Total Expenses per Form 990$8,275,202
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Institutional trustee & custodianInstitutional Trustee Fees - $19,720No$19,720
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Plan Sponsor$416,577
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 6

“The members are the beneficiaries of the Educational Testing Service Retiree VEBA.”

Form 990, Part VI, Section B, line 11B

“The Form 990 was reviewed in detail by members of the Educational Testing Service Employee Benefits Administration Committee ("EBAC") and our external tax advisors, Grant Thornton, prior to filing.”

Form 990, Part VI, Section B, line 12

“Although the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (the ETS Retiree VEBA) has not specifically adopted these policies, the EBAC observes the applicable policies of the plan sponsor, Educational Testing Service.”

Form 990, Part VI, Section C, line 19

“The ETS Retiree VEBA does not make its governing documents or financial statements available to the general public.”

Form 990, Part VII Section A:

“The EBAC is the "administrator" as defined in Section 3(16)(A) of ERISA, of the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan, which is funded through this VEBA, The VEBA does not have officers per se, but per the Form 990 Glossary definition of "officer", the EBAC members in effect serve in such role.”

Filing and Contact Details

Filer

Filer Name
Educational Testing Service Retiree
EIN
22-3372287
Phone
6099219000
Address
Rosedale Road MS 20-J, Princeton, NJ 08541

Signing Officer

Name
Glenn Schroeder
Title
EBAC Member
Phone
6099219000
Signed
2018-10-23

Organization Details

Principal Officer
Glenn Schroeder
Formed
1994
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The oversight and selection process has not changed from the previous tax year.”

Financial Statement Notes

Part X, Line 2:

“The Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (Retiree Trust) is intended to meet the qualification requirements pursuant to Section 501(c)(9) of the Internal Revenue Code (the "Code"), and, accordingly, the net investment income of the Retiree Trust is exempt from income taxes. The Internal Revenue Service ("IRS") has determined in a letter dated October 10, 1995, that the Plan and Retiree Trust are designed in accordance with the applicable sections of the Code. However, as a result of the Plan's funding policy, the Retiree Trust may be subject to income taxes. No federal or state income taxes are required to be recorded for the years ended December 31, 2017 and 2016 for unrelated business taxable income. ETS believes that the Retiree Trust continues to be a tax-exempt trust and operates in accordance with applicable provisions of the Code. ETS evaluated the Plan's tax positions and concluded that the Retiree Trust maintained its tax-exempt status and there are no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes is required in the financial statements as of December 31, 2017 and 2016. The Plan is subject to routine examinations by taxing jurisdictions; and, there are no examinations for any open tax periods in progress.”

Raw XML AppendixShowing 400 of 437 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014702
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01144755
IRS990/AccountsReceivableGrp/BOYAmt018023
IRS990/AccountsReceivableGrp/EOYAmt0113035
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The plan provides medical/life insurance benefits to all retirees and their dependents of ETS.
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt07839401
IRS990/BooksInCareOfDetail/PersonNm0Michael J Freddo EBAC Member
IRS990/BooksInCareOfDetail/PhoneNum06099219000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0Rosedale Road MS 20-J
IRS990/BooksInCareOfDetail/USAddress/CityNm0Princeton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008541
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0242958
IRS990/ContractorCompensationGrp/CompensationAmt1122421
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0151 Farmington Avenue
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11 Express Way
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Hartford
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Saint Louis
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd006156
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd163121
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Aetna Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Express Scripts
IRS990/ContractorCompensationGrp/ServicesDesc0Third party administration
IRS990/ContractorCompensationGrp/ServicesDesc1Third party administration
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt07839401
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0820965
IRS990/CYOtherExpensesAmt0435801
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01383178
IRS990/CYRevenuesLessExpensesAmt0-6071059
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt08275202
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02204143
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The plan provides medical, prescription drug and life insurance benefits to all eligible retired employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt026890
IRS990/FeesForServicesOtherGrp/TotalAmt019720
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Wells Fargo Bank NA
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt151876
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt246989
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt338492
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt443732
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt550828
IRS990/Form990PartVIISectionAGrp/PersonNm0Basehore John
IRS990/Form990PartVIISectionAGrp/PersonNm1Johnson-Gregory Sheree L
IRS990/Form990PartVIISectionAGrp/PersonNm2Freddo Michael J
IRS990/Form990PartVIISectionAGrp/PersonNm3Schroeder Glenn C
IRS990/Form990PartVIISectionAGrp/PersonNm4Elliott Thomas J
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt019720
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1376996
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2535842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3389147
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4640419
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5324480
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee & Custodian
IRS990/Form990PartVIISectionAGrp/TitleTxt1EBAC Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Alternate EBAC Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3EBAC Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4EBAC Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Former EBAC Member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0683636
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05681974
IRS990/GrossReceiptsAmt07202481
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0137329
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0137329
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07492765
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02930870
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04998338
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The plan provides medical, prescription drug and life insurance benefits to all eligible retired employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07281170
IRS990/NetAssetsOrFundBalancesEOYAmt01512526
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0683636
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0683636
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0302415
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Third party administrat
IRS990/OtherExpensesGrp/Desc1Bank Charges
IRS990/OtherExpensesGrp/TotalAmt0388911
IRS990/OtherExpensesGrp/TotalAmt1280
IRS990/OtherLiabilitiesGrp/BOYAmt0241640
IRS990/OtherLiabilitiesGrp/EOYAmt0416577
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Glenn Schroeder
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Employee contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01383178
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01383178
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt04740864
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0321485
IRS990/PYOtherExpensesAmt0426841
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01211123
IRS990/PYRevenuesLessExpensesAmt0-3635097
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05167705
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01532608
IRS990/ReconcilationRevenueExpnssAmt0-6071059
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026724
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029953
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08275202
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0302415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0416577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payable to Plan Sponsor
IRS990ScheduleD/RevenueNotReportedAmt0302415
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02204143
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (Retiree Trust) is intended to meet the qualification requirements pursuant to Section 501(c)(9) of the Internal Revenue Code (the "Code"), and, accordingly, the net investment income of the Retiree Trust is exempt from income taxes. The Internal Revenue Service ("IRS") has determined in a letter dated October 10, 1995, that the Plan and Retiree Trust are designed in accordance with the applicable sections of the Code. However, as a result of the Plan's funding policy, the Retiree Trust may be subject to income taxes. No federal or state income taxes are required to be recorded for the years ended December 31, 2017 and 2016 for unrelated business taxable income. ETS believes that the Retiree Trust continues to be a tax-exempt trust and operates in accordance with applicable provisions of the Code. ETS evaluated the Plan's tax positions and concluded that the Retiree Trust maintained its tax-exempt status and there are no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes is required in the financial statements as of December 31, 2017 and 2016. The Plan is subject to routine examinations by taxing jurisdictions; and, there are no examinations for any open tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt08275202
IRS990ScheduleD/TotalLiabilityAmt0416577
IRS990ScheduleD/TotalRevenuePerForm990Amt02204143
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02506558
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08275202
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0117225
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1161850
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2123125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt3240175
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt4142329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0221012
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1237186
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2198732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3338128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4155877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt171140
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033865
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt124108
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt222163
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt324300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt426447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt122881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt216329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt319432
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt424381
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt038759
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1136806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt267290
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt362116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt426274
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Basehore John
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Johnson-Gregory Sheree L
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Freddo Michael J
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Schroeder Glenn C
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Elliott Thomas J
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EBAC Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Alternate EBAC Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EBAC Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3EBAC Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Former EBAC Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0428872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1582831
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2427639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3684151
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4375308
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The officers participated in the related organization's supplemental non-qualified retirement plan under 457(f). The non-vested portion of each officer's deferred compensation is reported in Column C. The vested portion of each officer's deferred compensation is reported in Columns B.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Wells Fargo Bank NA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Institutional trustee & custodian
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt019720
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Institutional Trustee Fees - $19,720
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members are the beneficiaries of the Educational Testing Service Retiree VEBA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was reviewed in detail by members of the Educational Testing Service Employee Benefits Administration Committee ("EBAC") and our external tax advisors, Grant Thornton, prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Although the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (the ETS Retiree VEBA) has not specifically adopted these policies, the EBAC observes the applicable policies of the plan sponsor, Educational Testing Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The ETS Retiree VEBA does not make its governing documents or financial statements available to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The EBAC is the "administrator" as defined in Section 3(16)(A) of ERISA, of the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan, which is funded through this VEBA, The VEBA does not have officers per se, but per the Form 990 Glossary definition of "officer", the EBAC members in effect serve in such role.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The oversight and selection process has not changed from the previous tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII Section A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Educational Testing Service
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0210634479
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational Testing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0Rosedale Road MS 20-J
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Princeton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd008541
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07537512
IRS990/TotalAssetsEOYAmt03073858
IRS990/TotalAssetsGrp/BOYAmt07537512
IRS990/TotalAssetsGrp/EOYAmt03073858
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08275202
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0256342
IRS990/TotalLiabilitiesEOYAmt01561332
IRS990/TotalLiabilitiesGrp/BOYAmt0256342
IRS990/TotalLiabilitiesGrp/EOYAmt01561332
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07281170
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01512526
IRS990/TotalOtherCompensationAmt0231917
IRS990/TotalProgramServiceRevenueAmt01383178
IRS990/TotalReportableCompFromOrgAmt019720
IRS990/TotalRevenueGrp/ExclusionAmt0820965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01383178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02204143
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07537512
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03073858
IRS990/TotReportableCompRltdOrgAmt02266884
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,073,858
Liabilities
$1,561,332
Net assets
$1,512,526
Revenue
$2,204,143
Expenses
$8,275,202
Net income
-$6,071,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$3.07$1.56$1.51$2.20$8.28$6.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.54$0.26$7.28$1.53$5.17$3.64
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.24$10.6$1.52$5.11$3.59
2014Detailed filing. Detailed filing data is available for this year.$14.6$0.07$14.5$1.65$4.73$3.08
2013Summary only. Only limited summary data is available for this year.$17.6$0.14$17.5$2.48$4.32$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.24$17.8$5.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$1.53$19.8$5.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$0.64$24.4$5.81