World Education Inc
- Assets
- $0.0
- Revenue
- $48.1m
- Investments
- $0.0
- Employees
- 96
- Location
- Boston, MA
- Founding
- 10/1959
- Data as of
- 06/2023
- EIN
- 13-1804349
Organization Overview
World Education Inc is located in Boston, MA. The organization was established in 1959. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, World Education Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, World Education Inc generated $48.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $48.3m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, World Education Inc has awarded 21 individual grants totaling $2,714,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORLD EDUCATION IS DEDICATED TO IMPROVING PEOPLE'S LIVES AROUND THE WORLD THROUGH EDUCATION, SOCIAL AND ECONOMIC DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
BANTWANA/OVC PROGRAMS:THE BANTWANA INITIATIVE OF WORLD EDUCATION WORKS WITH VULNERABLE CHILDREN, ADOLESCENTS AND THEIR FAMILIES WHO ARE AFFECTED BY POVERTY, HIV, AND GENDER-BASED VIOLENCE. BANTWANA DELIVERS CRITICAL WRAP AROUND SERVICES TO ENSURE ACCESS TO EDUCATION; SOCIAL AND CHILD PROTECTION; ECONOMIC STRENGTHENING; AND HEALTH, HIV/AIDS AND POST-ABUSE SERVICES. BANTWANA PROGRAMMING WORKS CLOSELY WITH INDIVIDUALS, FAMILIES, COMMUNITIES, AND GOVERNMENTS TO RESPOND TO THESE CRITICAL NEEDS, WHILE ADDRESSING THE STRUCTURAL DRIVERS OF HIV TO INCREASE RESILIENCE AND DECREASE THE RISK OF HIV INFECTION. WE WORK IN HIGH HIV-BURDEN COUNTRIES IN EAST AND SOUTHERN AFRICA, INCLUDING: ESWATINI, MALAWI, MOZAMBIQUE, UGANDA, TANZANIA AND ZIMBABWE.
DOMESTIC PROGRAMS:WORLD EDUCATION'S 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.
AFRICA PROGRAMS: WORLD EDUCATION INC.'S AFRICA DIVISION SUPPORTS A VARIETY OF EDUCATION PROGRAMMING IN UGANDA, GHANA, MOZAMBIQUE, COTE D'IVOIRE, BENIN, AND MALI. THESE PROGRAMS INVOLVE BOTH FORMAL EDUCATION AND NON-FORMAL EDUCATION SUPPORT AND SERVE BOTH ADULTS AND CHILDREN AS WELL AS THE MINISTRIES THAT OVERSEE THEIR WELL-BEING AND EDUCATION PROVISION. AFRICA DIVISION'S FORMAL EDUCATION SUPPORT INCLUDES TEACHER TRAINING IN EARLY GRADE READING AND MATH, EARLY CHILDHOOD EDUCATION, BILINGUAL LITERACY, AND COMMUNITY MOBILIZATION THROUGH CAPACITY BUILDING OF PARENT TEACHER ASSOCIATIONS/SCHOOL MANAGEMENT COMMITTEES. THE NON-FORMAL EDUCATION WORK USUALLY INVOLVES THE PROVISION OF FUNCTIONAL LITERACY TO OUT OF SCHOOL CHILDREN OR ILLITERATE ADULTS SO THAT THEY CAN EITHER ACCESS FORMAL EDUCATION OPPORTUNITIES OR BETTER INCOME GENERATION OPPORTUNITIES. THE CORNERSTONE OF MUCH OF OUR WORK IS OUR SENSITIVITY TO AND PURPOSEFUL INTEGRATION OF GENDER ISSUES, SPECIFICALLY AROUND WOMEN'S EMPOWERMENT AND GIRL'S ACCESS TO EDUCATION.
ASIA PROGRAMS:WORLD EDUCATION'S ASIA DIVISION CURRENTLY OPERATES IN MYANMAR, LAOS, NEPAL AND CAMBODIA AND FOCUSES ON FOUR THEMATIC AREAS, BASIC EDUCATION, STRENGTHENING SYSTEMS AND SUPPORT FOR PERSONS WITH DISABILITIES, MIGRATION/ANTI-TRAFFICKING AND CHILD LABOR ELIMINATION, AND YOUTH DEVELOPMENT. IN BASIC EDUCATION, WE EMPHASIZE EARLY GRADE READING AND EARLY GRADE MATH, INCLUSIVE EDUCATION (FOR CHILDREN WITH DISABILITIES AND MINORITY LANGUAGE SPEAKERS), TECHNOLOGY IN EDUCATION, AND NONFORMAL EDUCATION. OUR CURRENT SIGNATURE PROJECT IN THE DISABILITIES ARENA ENHANCES THE INDEPENDENCE AND FUNCTIONAL ABILITY OF PERSONS WITH DISABILITIES IN LAOS THROUGH EQUAL ACCESS TO HEALTH AND SOCIAL SERVICES. WE CURRENTLY SUPPORT CAPACITY BUILDING OF LOCAL NGOS THAT ARE WORKING TO ELIMINATE CHILD LABOR IN NEPAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hafiz Adamjee Director - Chair (as Of 10/22) | OfficerTrustee | 3 | $0 |
Mark A Nelson Director - Vice Chair (as Of 10/22) | OfficerTrustee | 3 | $0 |
Rishi Bhalerao Director - Treasurer | OfficerTrustee | 3 | $0 |
Tanya Jones Director - Secretary (as Of 10/22) | OfficerTrustee | 3 | $0 |
Farida Kathawalla Director | Trustee | 3 | $0 |
Josh Lamstein Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $199,848 |
| Government grants | $40,818,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,042,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,060,017 |
| Total Program Service Revenue | $0 |
| Investment income | $11,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,101,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,040,774 |
| Grants and other assistance to domestic individuals. | $56,586 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,475,985 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,475 |
| Compensation of current officers, directors, key employees. | $110,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,584,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,799,781 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,456,345 |
| Advertising and promotion | $0 |
| Office expenses | $2,254,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,441,194 |
| Travel | $1,603,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $874,139 |
| Total functional expenses | $48,262,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, World Education Inc has awarded $1,040,774 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE INTERNATIONAL PURPOSE: OPERATIONAL SUPPORT | $36,457 |
HANDICAP INTERNATIONAL PURPOSE: OPERATIONAL SUPPORT | $973,802 |
TUSKEGEE UNIVERSITY PURPOSE: OPERATIONAL SUPPORT | $30,515 |