Civic Intelligence

Cambridge Assessment Inc

990 • Fiscal year 2020 • EIN 80-0546414

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 11, 2021

1 Liberty Plz 165 Broadway Floor 20New York, NY 10006

(917) 522-2141

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.20x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$361,047

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

30th percentile

0.3%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,718,069

Up $5,745 (+0.3%) from 2019

Net Assets

Up

$1,379,064

Up $248,377 (+22%) from 2019

Liabilities

Down

$339,005

Down $242,632 (-42%) from 2019

Revenue

Up

$5,107,079

Up $675,962 (+15%) from 2019

Expenses

Up

$4,858,702

Up $640,949 (+15%) from 2019

Net Income

Up

$248,377

Up $35,013 (+16%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $1Liabilities 2014: $02014Assets 2015: $388,267Liabilities 2015: $46,752Net Assets 2015: $341,5152015Assets 2016: $401,383Liabilities 2016: $125,586Net Assets 2016: $275,7972016Assets 2017: $722,925Liabilities 2017: -$14,278Net Assets 2017: $737,2032017Assets 2018: $1,223,642Liabilities 2018: $306,319Net Assets 2018: $917,3232018Assets 2019: $1,712,324Liabilities 2019: $581,637Net Assets 2019: $1,130,6872019Assets 2020: $1,718,069Liabilities 2020: $339,005Net Assets 2020: $1,379,0642020Assets 2021: $6,389,220Liabilities 2021: $368,097Net Assets 2021: $6,021,1232021Assets 2022: $6,528,099Liabilities 2022: $173,127Net Assets 2022: $6,354,9722022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$1,718,069
Liabilities$339,005
Net Assets$1,379,064

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $1,540,253Expenses 2015: $1,198,738Net Income 2015: $341,5152015Revenue 2016: $2,042,845Expenses 2016: $2,108,563Net Income 2016: -$65,7182016Revenue 2017: $3,513,138Expenses 2017: $3,051,732Net Income 2017: $461,4062017Revenue 2018: $3,911,313Expenses 2018: $3,731,193Net Income 2018: $180,1202018Revenue 2019: $4,431,117Expenses 2019: $4,217,753Net Income 2019: $213,3642019Revenue 2020: $5,107,079Expenses 2020: $4,858,702Net Income 2020: $248,3772020Revenue 2021: $5,258,241Expenses 2021: $5,022,247Net Income 2021: $235,9942021Revenue 2022: $12,160,555Expenses 2022: $7,420,640Net Income 2022: $4,739,9152022Revenue 2023: $4,475,469Expenses 2023: $10,830,441Net Income 2023: -$6,354,9722023

Highlighted filing

2020

Revenue$5,107,079
Expenses$4,858,702
Net Income$248,377
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 11, 2021
Return Version
2019v5.2
Gross Receipts
$5,107,079
Mission and Program Overview

Mission

The organization's objective is to advance education by helping all learners access the benefits of their education through receiving a fair and accurate assessment of their skills, knowledge and understanding.

Advance education by helping learners receive fair and accurate assessments of their skills

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,130,687$1,379,064▲ $248,377
Accounts Receivable$987,499$800,558▼ $186,941
Cash and Non-Interest-Bearing Accounts$512,483$749,572▲ $237,089
Prepaid Expenses and Deferred Charges$212,342$167,939▼ $44,403
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,712,324$1,718,069▲ $5,745
Liabilities
Accounts Payable and Accrued Expenses$581,637$339,005▼ $242,632
Total Liabilities$581,637$339,005▼ $242,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,130,687$1,379,064▲ $248,377
Total Liabilities and Net Assets / Fund Balance$1,712,324$1,718,069▲ $5,745
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark CavoneAssistant SecretaryFT$234,972$64,410$299,382

Board Members and Trustees

NameTitle
Christine OzdenPresident
Fran WoodwardVice President
Jacqueline RippethDirector (to April 2020)
Sean HaydeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,107,079
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$248,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,027,160
Salaries, Compensation, and Employee Benefits$1,831,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,260,564$96,969-$1,357,533
Fees for Services Other$1,031,731--$1,031,731
Travel$736,660--$736,660
Office Expenses$589,833$45,371-$635,204
Current Officers, Directors, Trustees, and Key Employees$277,998$21,384-$299,382
Conferences and Meetings$291,487--$291,487
Occupancy$186,861$16,987-$203,848
Payroll Taxes$114,849$8,834-$123,683
Information Technology$104,023$8,002-$112,025
Pension Plan Contributions$46,699$4,245-$50,944
Fees for Services Legal-$16,205-$16,205
Total Functional Expenses$4,640,705$217,997$0$4,858,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has one member. The member is the chancellor, masters and scholars of the university of cambridge, a corporation established by prescription under english common law and confirmed by act of parliament.

Form 990, Part VI, Section A, Line 7A

As in bylaws section 2.8, nominations of persons for election to the board of directors of the corporation may be made at a meeting of members by or at the direction of the board of directors,by any nominating committee or person appointed by the board of directors or by any member of the corporation entitled to vote for the election of directors at the meeting.

Form 990, Part VI, Section A, Line 7B

The member of the corporation has the right to vote on any amendment to the certificate of incorporation; the adoption, amenedment, or repeal of the bylaws; and the dissolution of the corporation.

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

The form 990 is prepared by an independent public accounting firm with the assistance of the organization's staff. The tax return is reviewed by the finance director, one of the members of the governing body, and its team before filing.

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

The organization regularly and consistently monitors the conflict of interest policy. Directors are required to disclose any outside interests through the annual reporting requirement.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cambridge Assessment Inc
EIN
80-0546414
Phone
9175222141
Address
1 LIBERTY PLZ 165 BROADWAY FLOOR 20, NEW YORK, NY 10006

Signing Officer

Name
Sean Hayde
Title
Secretary
Phone
9175222141
Signed
2021-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Hayde
Formed
2010
Legal Domicile
De
Voting Board Members
4
Independent Board Members
0
Employees
14
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
695 TOWN CENTER DR SUITE 1000, COSTA MESA, CA 92626
Preparer
Jessica Karantonis
Phone
7144367100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 1,031,731. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,031,731.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt423644
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRAN WOODWARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SEAN HAYDE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CHRISTINE OZDEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARK CAVONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JACQUELINE RIPPETH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3ASSISTANT SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4DIRECTOR (TO APRIL 2020)
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ONE MEMBER. THE MEMBER IS THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE, A CORPORATION ESTABLISHED BY PRESCRIPTION UNDER ENGLISH COMMON LAW AND CONFIRMED BY ACT OF PARLIAMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS IN BYLAWS SECTION 2.8, NOMINATIONS OF PERSONS FOR ELECTION TO THE BOARD OF DIRECTORS OF THE CORPORATION MAY BE MADE AT A MEETING OF MEMBERS BY OR AT THE DIRECTION OF THE BOARD OF DIRECTORS,BY ANY NOMINATING COMMITTEE OR PERSON APPOINTED BY THE BOARD OF DIRECTORS OR BY ANY MEMBER OF THE CORPORATION ENTITLED TO VOTE FOR THE ELECTION OF DIRECTORS AT THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER OF THE CORPORATION HAS THE RIGHT TO VOTE ON ANY AMENDMENT TO THE CERTIFICATE OF INCORPORATION; THE ADOPTION, AMENEDMENT, OR REPEAL OF THE BYLAWS; AND THE DISSOLUTION OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM WITH THE ASSISTANCE OF THE ORGANIZATION'S STAFF. THE TAX RETURN IS REVIEWED BY THE FINANCE DIRECTOR, ONE OF THE MEMBERS OF THE GOVERNING BODY, AND ITS TEAM BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS THE CONFLICT OF INTEREST POLICY. DIRECTORS ARE REQUIRED TO DISCLOSE ANY OUTSIDE INTERESTS THROUGH THE ANNUAL REPORTING REQUIREMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,031,731. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,031,731.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0CAMBRIDGE ASSESSMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CHANCELLOR MASTER & SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CAMBRIDGE MICHIGAN LANGUAGE ASSESSMENT LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131599108
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1273961960
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt0THE OLD SCHOOLS TRINITY LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0CAMBRIDGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0535 W WILLIAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANN ARBOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00

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