Cambridge Assessment Inc
- Assets
- $6.4m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 05/2011
- Data as of
- 07/2021
- EIN
- 80-0546414
Organization Overview
Cambridge Assessment Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 07/2021, Cambridge Assessment Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Assessment 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 07/2021, Cambridge Assessment Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $5.0m during the year ending 07/2021. While expenses have increased by 15.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE EDUCATION BY HELPING LEARNERS RECEIVE FAIR AND ACCURATE ASSESSMENTS OF THEIR SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINATIONS AND ASSESSMENTS - 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 AND THE DOING OF ALL SUCH OTHER THINGS AS ARE INCIDENTAL OR CONDUCIVE TO THE ATTAINMENT OF THAT OBJECTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cavone Assistant Secretary | OfficerTrustee | 36.5 | $341,172 |
Francesca Woodward Vice President | OfficerTrustee | 1 | $0 |
Sean Hayde Secretary | OfficerTrustee | 1 | $0 |
Christine Ozden President | OfficerTrustee | 1 | $0 |
Vanessa Mcphee Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryecatcher Educational Consultants Consultancy | 7/30/21 | $405,497 |
Whiteboard Advisors Llc Consultancy | 7/30/21 | $191,250 |
Kirsten Dwyer Consultancy | 7/30/21 | $103,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,258,241 |
| Investment income | $0 |
| 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 | $5,258,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $341,172 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,971,079 |
| Pension plan accruals and contributions | $118,132 |
| Other employee benefits | $351,052 |
| Payroll taxes | $168,541 |
| Fees for services: Management | $23,770 |
| Fees for services: Legal | $16,508 |
| Fees for services: Accounting | $9,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $699,927 |
| Advertising and promotion | $214,188 |
| Office expenses | $64,053 |
| Information technology | $42,425 |
| Royalties | $0 |
| Occupancy | $352,332 |
| Travel | $91,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $315,438 |
| All other expenses | $67,803 |
| Total functional expenses | $5,022,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,215,855 |
| 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 | $72,408 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,406,064 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,389,220 |
| Accounts payable and accrued expenses | $138,891 |
| 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 | $229,206 |
| Total liabilities | $368,097 |
| 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 | $6,021,123 |
| Total liabilities and net assets/fund balances | $6,389,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |