Civic Intelligence

Educational Credential Evaluators Inc.

990 • Fiscal year 2024 • EIN 39-1369113

Jan 01, 2024 to Dec 31, 2024 • Filed on May 09, 2025

101 W Pleasant St Ste 200Milwaukee, WI 53212

(715) 340-1218

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$5,488,348

Up $240,237 (+4.6%) from 2023

Net Assets

Up

$3,954,541

Up $360,967 (+10%) from 2023

Liabilities

Down

$1,533,807

Down $120,730 (-7.3%) from 2023

Revenue And Expenses

Revenue

Up

$11,267,404

Up $1,117,647 (+11%) from 2023

Expenses

Up

$11,036,276

Up $1,110,798 (+11%) from 2023

Net Income

Up

$231,128

Up $6,849 (+3.1%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,084,462Liabilities 2011: $297,521Net Assets 2011: $1,786,9412011Assets 2012: $1,979,358Liabilities 2012: $370,571Net Assets 2012: $1,608,7872012Assets 2013: $1,651,196Liabilities 2013: $367,528Net Assets 2013: $1,283,6682013Assets 2014: $1,463,638Liabilities 2014: $30,448Net Assets 2014: $1,433,1902014Assets 2015: $2,752,446Liabilities 2015: $602,077Net Assets 2015: $2,150,3692015Assets 2016: $2,954,861Liabilities 2016: $466,297Net Assets 2016: $2,488,5642016Assets 2017: $3,185,151Liabilities 2017: $529,490Net Assets 2017: $2,655,6612017Assets 2018: $3,249,213Liabilities 2018: $495,942Net Assets 2018: $2,753,2712018Assets 2019: $3,220,552Liabilities 2019: $344,064Net Assets 2019: $2,876,4882019Assets 2020: $3,071,375Liabilities 2020: $532,804Net Assets 2020: $2,538,5712020Assets 2021: $3,693,811Liabilities 2021: $447,723Net Assets 2021: $3,246,0882021Assets 2022: $5,023,407Liabilities 2022: $1,861,890Net Assets 2022: $3,161,5172022Assets 2023: $5,248,111Liabilities 2023: $1,654,537Net Assets 2023: $3,593,5742023Assets 2024: $5,488,348Liabilities 2024: $1,533,807Net Assets 2024: $3,954,5412024

Highlighted filing

2024

Assets$5,488,348
Liabilities$1,533,807
Net Assets$3,954,541

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,965,423Expenses 2011: $5,855,602Net Income 2011: $109,8212011Revenue 2012: $5,873,504Expenses 2012: $6,051,657Net Income 2012: -$178,1532012Revenue 2013: $5,975,792Expenses 2013: $6,300,911Net Income 2013: -$325,1192013Revenue 2014: $6,022,256Expenses 2014: $5,872,734Net Income 2014: $149,5222014Revenue 2015: $7,288,312Expenses 2015: $6,422,604Net Income 2015: $865,7082015Revenue 2016: $7,542,364Expenses 2016: $7,204,169Net Income 2016: $338,1952016Revenue 2017: $7,539,927Expenses 2017: $7,372,830Net Income 2017: $167,0972017Revenue 2018: $7,812,996Expenses 2018: $7,715,386Net Income 2018: $97,6102018Revenue 2019: $8,174,404Expenses 2019: $8,051,188Net Income 2019: $123,2162019Revenue 2020: $7,536,815Expenses 2020: $7,874,732Net Income 2020: -$337,9172020Revenue 2021: $8,910,670Expenses 2021: $8,231,342Net Income 2021: $679,3282021Revenue 2022: $9,421,971Expenses 2022: $9,244,280Net Income 2022: $177,6912022Revenue 2023: $10,149,757Expenses 2023: $9,925,478Net Income 2023: $224,2792023Revenue 2024: $11,267,404Expenses 2024: $11,036,276Net Income 2024: $231,1282024

Highlighted filing

2024

Revenue$11,267,404
Expenses$11,036,276
Net Income$231,128
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$11,267,404
Mission and Program Overview

Mission

To promote the betterment of individuals' lives and society by ensuring that educational qualifications are fairly and accurately recognized across borders. ECE serves persons who have completed part or all of their education outside of the US so that their educational qualifications are properly recognized when they seek employment professional licensure further education or other benefits for which education achievement is a prerequisite.

To promote the betterment of individuals lives and society by ensuring that educational qualifications are fairly and accurately recognized across borders. ECE serves persons who have completed part or all of their education outside of the US so that their educational qualifications are properly recognized when they seek employment professional licensure further education or other benefits for which education achievement is a prerequisite.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,272,599$2,699,487▲ $426,888
Savings and Temporary Cash Investments$965,814$976,185▲ $10,371
Land, Buildings, and Equipment, Net$481,971$547,673▲ $65,702
Prepaid Expenses and Deferred Charges$210,423$216,192▲ $5,769
Accounts Receivable$76,491$86,417▲ $9,926
Cash and Non-Interest-Bearing Accounts$122,400$65,371▼ $57,029
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 Other Securities$0$0→ $0
Investments Program Related$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$5,248,111$5,488,348▲ $240,237
Other Assets Total$1,118,413$897,023▼ $221,390
Liabilities
Accounts Payable and Accrued Expenses$722,460$836,987▲ $114,527
Other Liabilities$932,077$696,820▼ $235,257
Grants Payable$0$0→ $0
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$1,654,537$1,533,807▼ $120,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,593,574$3,954,541▲ $360,967
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,593,574$3,954,541▲ $360,967
Total Liabilities and Net Assets / Fund Balance$5,248,111$5,488,348▲ $240,237

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$520,582$2,942,113-
Leasehold Improvements$27,091$93,080-
Other Assets Org$897,023--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margit SchatzmanPresidentFT$194,339$25,568$219,907
Daniel BenischekCOOFT$154,446$12,723$167,169
Sheree YatesSr Director of Human ResourcesFT$128,397$21,793$150,190
Anthony UljanecSr Director of ITFT$146,916-$146,916
Margaret WengerSr Director of Information and KnowledgeFT$127,442$18,823$146,265
Leigh PeineSr Director of MarketingFT$130,352$9,297$139,649

Board Members and Trustees

NameTitle
Kavita PanditChairman of the Board of Directors
Adria BakerDirector
Arthur CorenDirector
David FreyDirector
David HynekDirector
Joanna GrahamDirector
Kimara EllefsonDirector
Kris OldsDirector
Rajika BhandariDirector
Keith KamperschroerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
DHL Express - USACourier16592 Collections Center Dr, Chicago, IL 60693$379,120
UPS Supply Chain Solutions IncCourier28013 Network Place, Chicago, IL 60673$267,116
Ollion IncConsultant1324 N Liberty Lake Road 2441, Liberty Lake, WA 99019-8523$112,565
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$11,127,012
Investment Income
$140,292
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$231,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,040,734
Other Expenses$2,995,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,142,556$1,118,141$0$6,260,698
Office Expenses$1,275,938$40,042$0$1,315,979
Other Employee Benefits$760,128$79,597$0$839,730
Occupancy$529,048$11,903$0$540,950
Payroll Taxes$399,288$80,952$0$480,241
Information Technology$270,081$127,440$0$397,518
Pension Plan Contributions$185,274$46,302$0$231,574
Current Officers, Directors, Trustees, and Key Employees$0$228,491$0$228,491
Depreciation Depletion$222,602$3,297$0$225,901
Advertising$12,000$159,304$0$171,304
Travel$62,575$36,326$0$98,897
Conferences and Meetings$20,010$32,594$0$52,605
Fees for Services Other$0$41,465$0$41,464
Fees for Services Accounting$0$34,269$0$34,270
Insurance$0$25,977$0$25,978
Fees for Service Investment Mgmnt Fees$0$20,513$0$20,513
Fees for Services Legal$0$16,981$0$16,981
All Other Expenses$197$2,682$0$2,879
Fees for Services Management$0$2,385$0$2,385
Total Functional Expenses$8,901,750$2,134,526$0$11,036,276
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

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
Long-term Lease Liability$685,408
Employee and Dependent FSA$11,412
Employer Accrued 403b contributions$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 12C

The conflict-of-interest policy is reviewed with the Directors at every board meeting by the President. Employees and Directors are required to review the policy and sign it annually.

Part VI, Line 15

The Senior Director of Human Resources conducts annual reviews of the job descriptions and analyzes the market for comparable ranges for our type of organization size and description of duties. This as well as the Salary grade within which the positions are placed are reviewed by the Boards Committee for Human Resources and approved or adjusted accordingly.

Part VI, Line 19

ECE makes its Form 990 governing documents Conflict of Interest policy and financial statements available to the public. These are available upon request.

Part VI Line 12

| Explanation:| The conflict-of-interest policy is reviewed with the Directors at every board meeting by the President. Employees and Directors are required to review the policy and sign it annually.

Part VI Line 15

| Explanation:| The Senior Director of Human Resources conducts annual reviews of the job description and analyzes the market for comparable ranges for our type of organization size and description of duties. This as well as the Salary Grade within which the positions are placed are reviewed by the Boards Committee for Human Resources and approval or adjusted accordingly.

Part VI Line 19

| Explanation:| ECE makes its Form 990 governing documents Conflict of Interest policy and financial statements available to the public. These are available upon request.

Filing and Contact Details

Filer

Filer Name
Educational Credential Evaluators Inc
EIN
39-1369113
In Care Of
% Stacy Riley
Phone
7153401218
Address
101 W PLEASANT ST STE 200, MILWAUKEE, WI 53212

Signing Officer

Name
Stacy Riley
Title
President
Signed
2025-05-09

Organization Details

Principal Officer
Stacy Riley
Formed
1980
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
116
Volunteers
0
Supplemental Narrative

Additional Explanations

Part III Line 1

| Explanation:| To promote the betterment of individuals lives and society by ensuring that educational qualifications are fairly and accurately recognized across borders. ECE serves persons who have completed part or all of their education outside of the US so that their educational qualifications are properly recognized when they seek employment professional licensure further education or other benefits for which education achievement is a prerequisite.

Part III Line 3

| Explanation:| ECE has discontinued the use of a "Donate Now" button and actively soliciting donations from our evaluees. Our mission is to reach as many people as possible and it has been demonstrated that is most cost effectively accomplished by working with Partners directly in contact with those populations in need. By reducing the administrative cost of solicitation ECE can provide more of our reports and services free of charge to those populations.

Financial Statement Notes

Part X, line 2

The Organization has implemented accounting for uncertainty in income taxes in accordance with the U.S. GAAP. The standard describes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance of various related matters such as derecognizing interest penalties and disclosures required. Management of the Organization evaluates the uncertain tax positions taken if any and consults with outside council as deemed necessary. The Organization recognizes interest and penalties if any related to unrecognized tax liabilities in income tax expense.

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IRS990/Desc0FOREIGN CREDENTIAL EVALUATION: ECE provides evaluation of educational credentials for persons who completed part or all of their education outside of the United States. 48,490 requests for reports were received from clients in 2024. ECE prepares evaluation reports that determine the equivalents of foreign academic work. The evaluation reports are used for further education professional licensure employment and in other situations that require an administrative decision based on academic credentials. Our reports ensure that the education of people around the world is understood and put to good use. Reports facilitated the appropriate admission of students into undergraduate graduate and professional degree programs. Our reports helped dentists and pharmacists and other health professionals enter the practice of professions to the benefit of neighbors in their new country. Our evaluations have helped parents obtain jobs so that they can better support their families. Owing to ECE properly assessing the education completed in other countries our world community benefits from the efforts and energy of those whose education would otherwise have been unrecognized and gone to waste.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Margit Schatzman
IRS990/Form990PartVIISectionAGrp/PersonNm1Daniel Benischek
IRS990/Form990PartVIISectionAGrp/PersonNm2Anthony Uljanec
IRS990/Form990PartVIISectionAGrp/PersonNm3Leigh Peine
IRS990/Form990PartVIISectionAGrp/PersonNm4Margaret Wenger
IRS990/Form990PartVIISectionAGrp/PersonNm5Sheree Yates
IRS990/Form990PartVIISectionAGrp/PersonNm6Adria Baker
IRS990/Form990PartVIISectionAGrp/PersonNm7Arthur Coren
IRS990/Form990PartVIISectionAGrp/PersonNm8David Frey
IRS990/Form990PartVIISectionAGrp/PersonNm9David Hynek
IRS990/Form990PartVIISectionAGrp/PersonNm10Joanna Graham
IRS990/Form990PartVIISectionAGrp/PersonNm11Kavita Pandit
IRS990/Form990PartVIISectionAGrp/PersonNm12Kimara Ellefson
IRS990/Form990PartVIISectionAGrp/PersonNm13Kris Olds
IRS990/Form990PartVIISectionAGrp/PersonNm14Rajika Bhandari
IRS990/Form990PartVIISectionAGrp/PersonNm15Keith Kamperschroer
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Sr Director of IT
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sr Director of Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt4Sr Director of Information and Knowledge
IRS990/Form990PartVIISectionAGrp/TitleTxt5Sr Director of Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chairman of the Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
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IRS990/MissionDesc0To promote the betterment of individuals lives and society by ensuring that educational qualifications are fairly and accurately recognized across borders. ECE serves persons who have completed part or all of their education outside of the US so that their educational qualifications are properly recognized when they seek employment professional licensure further education or other benefits for which education achievement is a prerequisite.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.49$1.53$3.95$11.3$11.0$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$1.65$3.59$10.1$9.93$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$1.86$3.16$9.42$9.24$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.45$3.25$8.91$8.23$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.53$2.54$7.54$7.87$0.34
2019Summary only. Only limited summary data is available for this year.$3.22$0.34$2.88$8.17$8.05$0.12
2018Summary only. Only limited summary data is available for this year.$3.25$0.50$2.75$7.81$7.72$0.10
2017Summary only. Only limited summary data is available for this year.$3.19$0.53$2.66$7.54$7.37$0.17
2016Summary only. Only limited summary data is available for this year.$2.95$0.47$2.49$7.54$7.20$0.34
2015Summary only. Only limited summary data is available for this year.$2.75$0.60$2.15$7.29$6.42$0.87
2014Summary only. Only limited summary data is available for this year.$1.46$0.03$1.43$6.02$5.87$0.15
2013Summary only. Only limited summary data is available for this year.$1.65$0.37$1.28$5.98$6.30$0.33
2012Summary only. Only limited summary data is available for this year.$1.98$0.37$1.61$5.87$6.05$0.18
2011Summary only. Only limited summary data is available for this year.$2.08$0.30$1.79$5.97$5.86$0.11
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits