Educational Testing Service
- Assets
- $1.8b
- Revenue
- $1.1b
- Investments
- $1.0b
- Employees
- 26,757
- Location
- Princeton, NJ
- Founding
- 07/1949
- Data as of
- 09/2023
- EIN
- 21-0634479
Organization Overview
Educational Testing Service is located in Princeton, NJ. The organization was established in 1949. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Educational Testing Service employed 26,757 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Testing Service 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 09/2023, Educational Testing Service generated $1.1b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $1.1b during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Educational Testing Service has awarded 418 individual grants totaling $12,185,004. 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
SEE PAGE 2, PART III, QUESTION 1
Describe the Organization's Program Activity:
ASSESSMENT RESEARCH, DEVELOPMENT, AND SCORING EDUCATIONAL TESTING SERVICE ("ETS") CONDUCTS RESEARCH ON STATISTICAL AND PSYCHOMETRIC METHODOLOGY TO ADVANCE THE SCIENCE OF EDUCATIONAL MEASUREMENT AND ENSURE THE TECHNICAL QUALITY AND FAIRNESS OF ETS'S ASSESSMENTS AND ASSESSMENT-RELATED SERVICES. THROUGH ITS POLICY EVALUATION AND RESEARCH CENTER, ETS ALSO CONDUCTS RESEARCH AND ANALYSES THAT ADDRESS CHALLENGING EDUCATIONAL POLICY ISSUES. IN CONJUNCTION WITH ITS RESEARCH, ETS DEVELOPS EDUCATIONAL ASSESSMENTS FOR USE BY STATES IN K-12 ASSESSMENT, FOR COLLEGE ADMISSIONS AND THE TRANSITION FROM HIGH SCHOOL TO COLLEGE, FOR GRADUATE AND BUSINESS SCHOOL ADMISSIONS, AND FOR USE IN MEASURING KNOWLEDGE AND SKILLS, PROMOTING LEARNING AND PERFORMANCE, AND SUPPORTING EDUCATION AND PROFESSIONAL DEVELOPMENT. ETS HAS DEVELOPED MORE THAN 200 ASSESSMENT PROGRAMS INCLUDING BUT NOT LIMITED TO THE PRAXIS SERIES, TEST OF ENGLISH AS A FOREIGN LANGUAGE (TOEFL), GRADUATE RECORD EXAMINATION (GRE), TEST OF ENGLISH FOR INTERNATIONAL COMMUNICATION (TOEIC), AND STATE SPECIFIC AND PRE-COLLEGE ASSESSMENTS.IN CONJUNCTION WITH ITS RESEARCH, ETS CONTINUES WORKING COLLABORATIVELY WITH THE NATIONAL CENTER FOR EDUCATION STATISTICS (NCES) ON THE NATIONAL ASSESSMENT OF EDUCATIONAL PROGRESS (NAEP). ADDITIONALLY, ETS'S INSTITUTE FOR STUDENT ACHIEVEMENT (ISA) CONTINUES WORKING IN PARTNERSHIP WITH DISTRICTS AND SCHOOLS TO TRANSFORM UNDERPERFORMING HIGH SCHOOLS INTO RIGOROUS AND SUPPORTIVE LEARNING ENVIRONMENTS THAT PREPARE STUDENTS TO BE COLLEGE READY.EACH YEAR, ETS SCORES AND DELIVERS MILLIONS OF ASSESSMENTS AND SCORE REPORTS TO EXAMINEES AND INSTITUTIONS, IN NUMEROUS FORMATS AND USING A VARIETY OF MEANS.
ASSESSMENT ADMINISTRATION & DELIVERYTHE GROUP ADMINISTERS TENS OF MILLIONS OF ASSESSMENTS ANNUALLY IN THOUSANDS OF LOCATIONS WORLDWIDE. ETS DOES NOT OWN OR OPERATE ANY TEST CENTERS; INSTEAD ETS ENGAGES INDEPENDENT 3RD PARTY SERVICE PROVIDERS TO ADMINISTER AND DELIVER ASSESSMENTS AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amit Sevak Start 7122 President & CEO | OfficerTrustee | 40 | $658,485 |
Jeffrey Sine Trustee | Trustee | 2 | $184,500 |
Earl Lewis Trustee | Trustee | 2 | $164,500 |
Beverly Daniel Tatum Trustee | Trustee | 2 | $158,500 |
James Pellegrino Trustee | Trustee | 2 | $157,500 |
Kurt Landgraf Trustee | Trustee | 2 | $145,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambium Assessment Inc Subcontractor Under Caaspp Contract | 9/29/23 | $26,858,776 |
Proctoru Inc Test Administration Services | 9/29/23 | $23,417,961 |
Accenture International Ltd Supply Chain | 9/29/23 | $53,029,566 |
Prometric Llc Test Administration S Subcontracting | 9/29/23 | $26,367,489 |
Computer Sciences Corporation Computer Services | 9/29/23 | $23,360,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,848,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,848,675 |
| Total Program Service Revenue | $918,618,983 |
| Investment income | $5,395,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $62,255,740 |
| Net Rental Income | $797,494 |
| Net Gain/Loss on Asset Sales | $56,245,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,224,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,011,495 |
| Grants and other assistance to domestic individuals. | $178,755 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,060,861 |
| Compensation of current officers, directors, key employees. | $8,733,018 |
| Compensation to disqualified persons | $8,216,479 |
| Other salaries and wages | $273,577,709 |
| Pension plan accruals and contributions | $23,893,768 |
| Other employee benefits | $12,054,362 |
| Payroll taxes | $21,148,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,558,506 |
| Fees for services: Accounting | $2,808,868 |
| Fees for services: Lobbying | $106,892 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,679,808 |
| Fees for services: Other | $476,046,069 |
| Advertising and promotion | $16,480,648 |
| Office expenses | $118,268,799 |
| Information technology | $0 |
| Royalties | $1,117,648 |
| Occupancy | $16,750,237 |
| Travel | $5,339,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,445,724 |
| Interest | $1,220,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,268,922 |
| Insurance | $3,330,262 |
| All other expenses | $0 |
| Total functional expenses | $1,067,874,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,619,326 |
| Savings and temporary cash investments | $16,214,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,288,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,260,468 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,300,242 |
| Net Land, buildings, and equipment | $72,114,962 |
| Investments—publicly traded securities | $109,231,657 |
| Investments—other securities | $1,028,029,940 |
| Investments—program-related | $0 |
| Intangible assets | $117,136,935 |
| Other assets | $73,650,787 |
| Total assets | $1,763,847,528 |
| Accounts payable and accrued expenses | $161,204,442 |
| Grants payable | $0 |
| Deferred revenue | $53,333,842 |
| 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 | $53,382,244 |
| Total liabilities | $267,920,528 |
| Net assets without donor restrictions | $1,495,927,000 |
| 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 | $1,763,847,528 |
Grants Awarded
Over the last fiscal year, Educational Testing Service has awarded $951,355 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF HISPANICS IN HIGHER EDUCATION PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $100,000 |
BIG BROTHERS BIG SISTERS MERCER CO PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $10,000 |
BLACK DOCTORAL NETWORK INC PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $25,000 |
BOARD OF EDUCATION OF THE TOMS RIVER SCHOOLS PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $65,679 |
BOARD OF TRUSTEES OF MICHIGAN STATE UNIV PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $30,000 |
BOYS AND GIRLS CLUB OF MERCER COUNTY PURPOSE: SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS | $10,370 |