TY 2017 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

A For the 2019 calendar year, or tax year beginning 10-01-2017 , and ending 09-30-2018

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
Educational Testing Service

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
Rosedale Road MS 20-J

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Princeton, NJ08541

D Employer identification number

21-0634479

E Telephone number

G Gross receipts $ 3,531,275,161

F Name and address of principal officer:
Jack Hayon
Rosedale Road MS 20-J
Princeton,NJ08541

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

www.ets.org

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1947

M State of legal domicile: NY

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: See Page 2, Part III, Question 1
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	18
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	17
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	30,188
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	15,140,133
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	-8,313,783

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	8,163,384	9,606,303
9	Program service revenue (Part VIII, line 2g) .........	1,227,726,560	1,196,751,734
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	85,841,710	829,335,932
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	84,862,955	90,754,819
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,406,594,609	2,126,448,788
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,363,691	1,789,171
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	453,425,438	442,063,792
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	885,261,534	884,508,811
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,340,050,663	1,328,361,774
19	Revenue less expenses. Subtract line 18 from line 12.......	66,543,946	798,087,014
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,319,854,215	2,035,173,070
21	Total liabilities (Part X, line 26).............	508,653,571	511,607,210
22	Net assets or fund balances. Subtract line 21 from line 20.....	811,200,644	1,523,565,860

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2019)

Form 990 (2019)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: Educational Testing Service (ETS) was incorporated in 1947 by the Board of Regents for the Education Department of the State of New York as an educational organization to engage in research, services and other activities in the field of educational testing.MISSIONOur mission is to help advance quality and equity in education by providing fair and valid assessments, research and related services. Our products and services measure knowledge and skills, promote learning and performance, and support education and professional development for all people worldwide.VISIONETS will be recognized as the global leader in providing fair and valid assessments, research and related products and services to help individuals make successful educational and career transitions throughout their lives, parents understand and use assessments and related products to help their children reach their full potential and teachers improve their practice through assessment and professional development.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 830,526,239 including grants of $ 1,789,170 ) (Revenue $ 852,927,605 )
	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 Praxis, HiSET, 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 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.The process of scoring educational assessments includes ensuring that tests: (a) accurately measure what they are intended to measure; (b) generate consistent results across different versions and among different groups of test takers; and (c) are fair to all test takers.

4b	(Code: ) (Expenses $ 328,351,093 including grants of $ ) (Revenue $ 343,824,129 )
	Assessment Administration & Delivery ETS provides test administration and delivery services. ETS administers approximately 23 million assessments annually in more than 9,000 locations. ETS oversees test centers and related test administration staff who undergo a rigorous training and approval process prior to the administration of an assessment. For example, test center administrators are primarily responsible for establishing a secure testing environment and managing day-to-day testing activities. These activities provide vital support for the administration and delivery of ETS assessment in numerous formats and using a variety of means.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,158,877,332

Form 990 (2019)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

.........

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

....

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

..............

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

......................

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Yes

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) ....

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

Yes

Form 990 (2019)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Yes

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I....................... Click to see attachment

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II Click to see attachment

...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III Click to see attachment

.........................

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV...................... Click to see attachment

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV..... Click to see attachment

28b

Yes

A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I Click to see attachment

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................ Click to see attachment

Yes

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............ Click to see attachment

Yes

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1......................... Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ... Click to see attachment

35b

Yes

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ..

111,576

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Form 990 (2019)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

30,188

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

AS , BE , CA , CH , FR , GM , IN , EI , IS , IT , JA , JO , LU , MY , MT , NL , PL , SN , SF , KS , SZ , TU , AE , UK
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see instructions and file Form 4720, Schedule N.

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Form 990 (2019)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Yes

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

Yes

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

Yes

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed MediumBullet

AZ , CA , DC , DE , IN , KS , NJ , NY , OR

Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

Michael J Freddo Vice President aRosedale Road MS 20-J Princeton,NJ08541 (609) 921-9000

Form 990 (2019)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) Colbert Isaac...................................................................... Trustee	2.00 .................	X	62,000	0	0
(2) Driver Darienne...................................................................... Trustee	2.00 .................	X	46,500	0	0
(3) English Michela A...................................................................... Trustee	2.00 .................	X	92,000	0	0
(4) Gandara Patricia...................................................................... Trustee	0.30 .................	X	17,500	0	0
(5) Garcia Mildred...................................................................... Trustee	0.30 .................	X	11,500	0	0
(6) Garcia Ofelia...................................................................... Trustee	2.00 .................	X	62,000	0	0
(7) Henderson Wade N...................................................................... Trustee	2.00 .................	X	86,000	0	0
(8) Kanter Martha...................................................................... Trustee	2.00 .................	X	62,000	0	0
(9) Lewis Earl...................................................................... Trustee	2.00 .................	X	77,000	0	0
(10) Lumpkins Robert...................................................................... Trustee	2.00 .................	X	65,334	0	0
(11) Murley Robert S...................................................................... Trustee	2.00 .................	X	77,000	0	0
(12) Pellegrino James...................................................................... Trustee	1.00 .................	X	105,763	0	0
(13) Rothkopf Arthur J...................................................................... Trustee	1.00 .................	X	73,666	0	0
(14) Sine Jeffrey...................................................................... Trustee	2.00 .................	X	68,000	0	0
(15) Stewart Debra W...................................................................... Trustee	2.00 .................	X	82,000	0	0
(16) Tatum Beverly Daniel...................................................................... Trustee	2.00 .................	X	62,000	0	0
(17) Valdes Guadalupe...................................................................... Trustee	2.00 .................	X	85,150	0	0

Form 990 (2019)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)				(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) Winckler Georg........................................................................ Trustee	2.00 .......................	X				58,000	0	0
(19) MacDonald Walter B........................................................................ President	40.00 .......................	X	X			1,195,836	0	32,645
(20) Bailey Diane A........................................................................ SVP, Production & Delivery	40.00 .......................		X			421,552	0	53,791
(21) Basehore John........................................................................ VP & Treasurer	40.00 .......................		X			376,996	0	51,877
(22) Donado Yvette........................................................................ SVP & Chief Admin Officer	40.00 .......................		X			664,384	0	42,512
(23) Draper Jr William C........................................................................ VP & COO College Board	40.00 .......................		X			425,168	0	38,773
(24) Ercikan-Alper Kadriye........................................................................ VP Stat Analysis & Psych Research	40.00 .......................		X			237,993	0	56,087
(25) Farnum Marisa........................................................................ VP Assessment Development	40.00 .......................		X			372,145	0	31,312
(26) Freddo Michael J........................................................................ VP & Controller	40.00 .......................		X			389,147	0	38,492
(27) Gilbertson Bruce M........................................................................ VP Facilities & Real Estate	40.00 .......................		X			385,366	0	32,565
(28) Gorin Joanna........................................................................ VP Research	40.00 .......................		X			375,892	0	32,077
(29) Hayon Jack........................................................................ SVP & CFO	40.00 .......................		X			697,223	0	48,264
(30) Hernandez Sandra........................................................................ VP Finance	40.00 .......................		X			411,482	0	39,017
(31) Hobson David........................................................................ VP & Corporate Secretary	40.00 .......................		X			387,802	0	37,996
(32) Hunt David........................................................................ Executive VP & COO	40.00 .......................		X			627,911	0	79,671
(33) Johnson-Gregory Sheree L........................................................................ VP Assoc. Gen Counsel & CDO	40.00 .......................		X			535,842	0	46,989
(34) Lawrence Ida M........................................................................ SVP Research & Development	40.00 .......................		X			560,998	0	41,063
(35) Lowery Lillian M........................................................................ VP & COO STA K12 & TLC	4.00 .......................		X			0	0	0
(36) Nelson Scott F........................................................................ SVP & Chief Marketing Officer	40.00 .......................		X			495,138	0	67,845
(37) Nettles Michael T........................................................................ SVP & Controller for Policy Eval	40.00 .......................		X			496,721	0	50,311
(38) Oswald John........................................................................ VP, Client Relations & Outreach	40.00 .......................		X			317,051	0	39,912
(39) Payne David G........................................................................ VP & COO Global Education	40.00 .......................		X			490,396	0	47,711
(40) Pfund Rebecca........................................................................ Chief Information Officer	40.00 .......................		X			479,919	0	59,337
(41) Pote Stephen K........................................................................ VP & Chief Quality Officer	40.00 .......................		X			376,096	0	49,627
(42) Robinson Deirdre........................................................................ VP & CLO SWS	40.00 .......................		X			208,079	0	31,603
(43) Rockey Anne F........................................................................ VP Operations	40.00 .......................		X			379,575	0	48,741
(44) Schroeder Glenn C........................................................................ SVP & General Counsel	40.00 .......................		X			640,419	0	43,732
(45) Wakeman Daniel........................................................................ VP & Chief Information Officer	40.00 .......................		X			378,198	0	61,438
(46) Weaver Scott V........................................................................ VP & Chief Strategy Officer	40.00 .......................		X			463,302	0	63,646
(47) Williamson David........................................................................ VP New Product Development	40.00 .......................		X			342,307	0	52,610
(48) Bennett Randy E........................................................................ Frederiksen Chair Assessment	40.00 .......................			X		365,036	0	32,254
(49) Chan Peter........................................................................ General Mgr, Application Develop	40.00 .......................			X		309,685	0	56,815
(50) Kirsch Irwin........................................................................ Tyler Chair LG Scale Assessment	40.00 .......................			X		374,271	0	41,128
(51) McHale Frederick........................................................................ General Manager, Stat Analysis	40.00 .......................			X		349,161	0	37,741
(52) Schmidt Amy........................................................................ General Manager, Stat Analyst	40.00 .......................			X		313,699	0	47,671
(53) Carstarphen Meria........................................................................ Former Trustee	0.20 .......................				X	10,500	0	0
(54) Menezes Victor........................................................................ Former Trustee	1.00 .......................				X	23,000	0	0
(55) Elliott Thomas J........................................................................ Former VP & CLO SWS	40.00 .......................				X	324,480	0	40,828
(56) House Naomi........................................................................ Former President ISA	40.00 .......................				X	472,802	0	36,009
(57) Kerins Nancy J........................................................................ Former SVP Prod & Delivery	40.00 .......................				X	594,024	0	24,923
(58) Lazer Stephen........................................................................ Former SVP Stud & Teach Assess	40.00 .......................40.00				X	352,363	216,394	35,898
(59) Mazzeo John........................................................................ Former VP Stat Analysis & Psych.	0.00 .......................				X	460,550	0	24,300
(60) Miller George........................................................................ Former VP SWS	0.00 .......................				X	195,577	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	18,471,499	216,394	1,697,211

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

1,435

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
Accenture LLP 161 North Clark St Chicago,IL60601	Supply chain	73,807,816
Computer Sciences Corporation 3180 Fairview Park Drive Falls Church,VA22042	Computer services	55,128,177
American Institutes for Research 200 Vesey Street Floor 24 New York,NY10281	Consulting	26,367,504
Iris Software Inc 200 Metroplex Drive Suite 300 Edison,NJ08817	Temporary labor	24,072,688
Adecco Corporation 175 Broad Hollow Road Melville,NY11747	Temporary labor	23,357,745
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 263

Form 990 (2019)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	9,152,475

f	All other contributions, gifts, grants, and similar amounts not included above		1f	453,828

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		9,606,303

		Business Code
2a	Assess R&D & Scoring	611710	852,927,605	852,927,605
b	Assess Admin&Delivery	611710	343,824,129	343,824,129
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,196,751,734

3 Investment income (including dividends, interest, and othersimilar amounts) ......			62,148,717			62,148,717
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			75,590,773			75,590,773
		(ii) Personal	(i) Real
6a	Gross rents		23,913	6a
b	Less: rental expenses		0	6b
c	Rental income or (loss)		23,913	6c
d	Net rental income or (loss).......			23,913			23,913
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	1,114,716,416	1,057,297,172	7a
b	Less: cost or other basis and sales expenses	393,590,439	1,011,235,934	7b
c	Gain or (loss)	721,125,977	46,061,238	7c
d	Net gain or (loss).........			767,187,215			767,187,215
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	Occupational & Prof Sk		611600	10,404,810		10,404,810
b	Chauncey Conf. Center		721000	4,163,577		4,163,577
c	Services to subsidiari		541900	60,371		60,371
d	All other revenue ....			511,375		511,375
e	Total. Add lines 11a–11d ......			15,140,133
12	Total revenue. See instructions.....			2,126,448,788	1,196,751,734	15,140,133	904,950,618

Form 990 (2019)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	1,559,325	1,559,325
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	229,846	229,846
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	15,255,851	6,250,178	9,005,673
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	846,935		846,935
7	Other salaries and wages........	326,064,064	270,356,367	55,707,697
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	27,992,625	22,629,145	5,363,480
9	Other employee benefits .......	46,833,933	37,860,396	8,973,537
10	Payroll taxes ...........	25,070,384	20,266,815	4,803,569
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	6,807,340	1,998,120	4,809,220
c	Accounting ...........	3,478,827		3,478,827
d	Lobbying ...........	49,960		49,960
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	1,663,138		1,663,138
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	568,778,434	520,992,604	47,785,830
12	Advertising and promotion ....	24,921,666	23,531,965	1,389,701
13	Office expenses .......	173,377,251	167,649,001	5,728,250
14	Information technology ......
15	Royalties ..	1,889,773	1,889,773
16	Occupancy ...........	21,858,190	15,618,797	6,239,393
17	Travel ............	7,482,918	5,926,292	1,556,626
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	1,906,578	1,496,923	409,655
20	Interest ...........	2,522,410		2,522,410
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	50,688,784	46,508,193	4,180,591
23	Insurance ...	2,211,187		2,211,187
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Business Fees	9,905,284	7,301,091	2,604,193
b	Chauncey Conference Cen	3,813,981	3,813,981
c	Foreign and State Tax	2,656,234	2,656,234
d	Memberships and Dues	496,856	342,286	154,570
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	1,328,361,774	1,158,877,332	169,484,442	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2019)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			24,363,634	1	64,541,928
2	Savings and temporary cash investments .........			105,914,677	2	147,644,161
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			142,493,350	4	155,858,138
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			27,573,064	7	42,879,502
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			26,910,462	9	31,376,786
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	302,724,208
b	Less: accumulated depreciation	10b	182,739,352	121,679,770	10c	119,984,856
11	Investments—publicly traded securities .			124,671,114	11	169,753,652
12	Investments—other securities. See Part IV, line 11 .....			502,791,360	12	1,111,869,104
13	Investments—program-related. See Part IV, line 11 ..			105,007,285	13	71,356,969
14	Intangible assets ...............			135,262,499	14	116,428,400
15	Other assets. See Part IV, line 11 ...........			3,187,000	15	3,479,574
16	Total assets. Add lines 1 through 15 (must equal line 33)...			1,319,854,215	16	2,035,173,070

17	Accounts payable and accrued expenses .....	171,855,154	17	200,939,661
18	Grants payable ...		18
19	Deferred revenue .........	101,199,740	19	106,592,983
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	235,598,677	25	204,074,566
26	Total liabilities. Add lines 17 through 25..	508,653,571	26	511,607,210

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	811,200,644	32	1,523,565,860
33	Total liabilities and net assets/fund balances ........	1,319,854,215	33	2,035,173,070

Form 990 (2019)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

2,126,448,788

Total expenses (must equal Part IX, column (A), line 25) ............

1,328,361,774

Revenue less expenses. Subtract line 2 from line 1 ..............

798,087,014

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

811,200,644

Net unrealized gains (losses) on investments ...............

-47,326,655

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

-38,395,143

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

1,523,565,860

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

Yes

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Yes

Form 990 (2019)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2019

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .	9,848,829	5,869,527	8,691,255	8,163,384	9,606,303	42,179,298
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	1,086,721,635	812,183,280	1,211,680,710	1,227,726,560	1,196,751,734	5,535,063,919
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5	1,096,570,464	818,052,807	1,220,371,965	1,235,889,944	1,206,358,037	5,577,243,217
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons						0
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.	400,936,397	363,759,501	525,014,890	525,817,956	552,234,747	2,367,763,491
c	Add lines 7a and 7b..	400,936,397	363,759,501	525,014,890	525,817,956	552,234,747	2,367,763,491
8	Public support. (Subtract line 7c from line 6.)						3,209,479,726

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
9	Amounts from line 6...	1,096,570,464	818,052,807	1,220,371,965	1,235,889,944	1,206,358,037	5,577,243,217
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	119,431,874	96,024,877	119,884,373	138,342,221	137,763,402	611,446,747
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.	119,431,874	96,024,877	119,884,373	138,342,221	137,763,402	611,446,747
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..	1,216,002,338	914,077,684	1,340,256,338	1,374,232,165	1,344,121,439	6,188,689,964

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

51.860 %

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

54.480 %

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

9.880 %

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

9.060 %

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2019

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2019

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2019 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2019	(iii) Distributable Amount for 2019
1 Distributable amount for 2019 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2019:
a From 2014.......
b From 2015.......
c From 2016.......
d From 2017.......
e From 2018.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2019 distributable amount
i Carryover from 2014 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2019 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2019 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2020. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2015.....
b Excess from 2016.....
c Excess from 2017.....
d Excess from 2018.....
e Excess from 2019.....

Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Part III, Sections A and B	As a result of Educational Testing Service changing from a calendar year end to a September 30 fiscal year end in 2015, Schedule A, Part III, Sections A and B, the 2017 column represents the period 10/01/2017 to 09/30/2018. The 2016 column represents the period 10/01/2016 to 09/30/2017. The 2015 column represents the period 10/01/2015 to 09/30/2016. The 2014 column represents the period 01/01/15 to 09/30/2015. The 2013 column represents the period 01/01/14 to 12/31/2014.

Return Reference

Explanation

Part III, Sections A and B

As a result of Educational Testing Service changing from a calendar year end to a September 30 fiscal year end in 2015, Schedule A, Part III, Sections A and B, the 2017 column represents the period 10/01/2017 to 09/30/2018. The 2016 column represents the period 10/01/2016 to 09/30/2017. The 2015 column represents the period 10/01/2015 to 09/30/2016. The 2014 column represents the period 01/01/15 to 09/30/2015. The 2013 column represents the period 01/01/14 to 12/31/2014.

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2

Name of organization Educational Testing Service

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization Educational Testing Service		Employer identification number 21-0634479

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 4


Name of organization Educational Testing Service			Employer identification number 21-0634479
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

Political campaign activity expenditures (see instructions) .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities (see instructions) ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2019

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................	49,960
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................	49,960
d	Other exempt purpose expenditures ...............................................................................	1,304,857,898
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................	1,304,907,858
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................	250,000
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................	0
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................	0
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................		Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) Total

2a	Lobbying nontaxable amount	1,000,000	1,000,000	1,000,000	1,000,000	4,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					6,000,000

c	Total lobbying expenditures	49,570	37,186	27,376	49,960	164,092

d	Grassroots nontaxable amount	250,000	250,000	250,000	250,000	1,000,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,500,000

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2019

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures (see instructions) .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
Part II-A, Line 2, Lobbying Activities:	Total ETS federal and state lobbying expenses were $49,960. The total lobbying expenditures of ETS were minimal in comparison to total revenues.

Schedule C (Form 990 or 990EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	1,970,618		1,970,618
b	Buildings ....	212,285,394	124,941,810	87,343,584
c	Leasehold improvements	8,834,314	3,554,750	5,279,564
d	Equipment ....	79,633,882	54,242,792	25,391,090
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				119,984,856

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) Investment in affiliated entities	15,064,475	F
(B) Non-publicly traded securities	1,096,804,629	F
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	1,111,869,104

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	204,074,566
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference

Explanation

Part X, Line 2:

This summary reflects the ETS portion of the ASC 740-10(FIN 48) Note in the Consolidated Financial Statements. Educational Testing Service adopted ASC 740-10(FIN 48) on January 1, 2009 in accordance with U.S. Generally Accepted Accounting Procedures (US GAAP). In accordance with the US GAAP requirements, Educational Testing Service adjusted its net assets for its uncertain tax positions. It is reasonably possible that the balance of gross unrecognized tax benefits may change within the next twelve months, due to lapse of applicable statutes of limitations or closure of an examination.

Schedule D (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization
Educational Testing Service

Employer identification number

21-0634479

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	North America	0	1,107	Program services	Assessment Administration & Delivery	1,775,731
	Europe	0	563	Program services	Assessment Administration & Delivery	12,091,509
	Central America and the Caribbean	0	675	Program services	Assessment Administration & Delivery	419,539
	East Asia and the Pacific	0	2,224	Program services	Assessment Administration & Delivery	10,041,742
	Middle East and North Africa	0	758	Program services	Assessment Administration & Delivery	1,521,374
	Russia and Neighboring States	0	274	Program services	Assessment Administration & Delivery	381,379
	South America	0	640	Program services	Assessment Administration & Delivery	1,188,265
	South Asia	0	1,863	Program services	Assessment Administration & Delivery	4,059,388
	Sub-Saharan Africa	0	459	Program services	Assessment Administration & Delivery	2,035,820
	Europe	0	0	Investments		14,279,782
	North America	0	0	Investments		424,015
	Central America and the Caribbean	0	0	Investments		126,375,077





3a	Sub-total ....	0	8,104			31,478,927
b	Total from continuation sheets to Part I ...	0	459			143,114,694
c	Totals (add lines 3a and 3b)	0	8,563			174,593,621

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2019

Schedule F (Form 990) 2019

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2019

Schedule F (Form 990) 2019Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2019

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2019

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation

Schedule F (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
Educational Testing Service

Employer identification number
21-0634479

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) African Leadership Foundation PO Box 7408 New York,NY10150	83-0425133	501(c)(3)	100,000				Support of local community educational programs.
(2) American Assoc of Hispanics in Higher Education (AAHHE) c/o Arizona State University Tempe,AZ85257	30-0150324	501(c)(3)	55,000				Support of local community educational programs.
(3) American Educational Research Association (AERA) 1430 K Street NW Suite 1200 Washington,DC20005	23-7003537	501(c)(3)	10,000				Support of local community educational programs.
(4) American Indian College Fund 8333 Greenwood Blvd Denver,CO80221	82-1573446	501(c)(3)	5,000				Support of local community educational programs.
(5) Anchor House Foundation Inc 482 Centre Street Trenton,NJ08611	22-2229995	501(c)(3)	10,200				Support of local community educational programs.
(6) Asian Pacific Islander American Scholarship Fund 2025 M Street NW Suite 610 Washington,DC20036	57-1192973	501(c)(3)	10,000				Support of local community educational programs.
(7) Career Development Awards PO Box 2314 Princeton,NJ08542	23-7206954	501(c)(3)	5,000	3,694	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(8) Child Care Connection Inc 1001 Spruce Street Suite 201 Trenton,NJ08638	22-2698190	501(c)(3)	15,000				Support of local community educational programs.
(9) Children's Defense Fund 25 E Street NW Washington,DC20001	52-0895622	501(c)(3)	360,000				Support of local community educational programs.
(10) Communities in Schools of San Antonio 1616 E Commerce Bldg 1 San Antonio,TX78205	74-2393714	501(c)(3)	5,248				Support of local community educational programs.
(11) Contact of Mercer County 60 S Main Street Pennington,NJ08534	22-2320153	501(c)(3)	5,000				Support of local community educational programs.
(12) Council of Chief State School Officers One Massachussetts Ave NW Suite 700 Washington,DC20001	53-0198090	501(c)(3)		73,017	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(13) Court Appointed Special Advocates of New Jersey (CASANJ) 77 Church Street New Brunswick,NJ08901	22-3679194	501(c)(3)	25,000				Support of local community educational programs.
(14) Education Law Center 60 Park Place Newark,NJ07102	22-2014555	501(c)(3)	15,100				Support of local community educational programs.
(15) Educational Leadership Foundation of New Jersey 413 West State Street Suite 207 Trenton,NJ08618	26-4437074	501(c)(3)	90,000				Support of local community educational programs.
(16) Every Child Valued 175 Johnson Avenue Lawrenceville,NJ08648	26-4654078	501(c)(3)	15,278				Support of local community educational programs.
(17) Ewing High School 990 Parkway Avenue Ewing,NJ08618		Government		5,821	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(18) Ewing Public Education Foundation PO Box 7033 Ewing,NJ08628	22-3347353	501(c)(3)	45,318				Support of local community educational programs.
(19) Ewing Public School District 2099 Pennington Road Ewing,NJ08618		Government		6,695	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(20) Fight for Children 1029 Vermont Ave NW Ste 300 Washington,DC20005	52-1706059	501(c)(3)	5,000				Support of local community educational programs.
(21) Foundation of Morris HallSt Lawrence Rehabilitation Foundation 2381 Lawrence Road Lawrence,NJ08648	52-2250044	501(c)(3)	12,500				Support of local community educational programs.
(22) Hispanics Inspiring Students' Performance and Achievement (HISPA) PO Box 702 Princeton,NJ08542	52-1825305	501(c)(3)	40,456				Support of local community educational programs.
(23) Junior Achievement of New Jersey 4365 Route 1 South Princeton,NJ08540	22-1774147	501(c)(3)	20,236				Support of local community educational programs.
(24) Lawrence Township Community Foundation PO Box 6707 Lawrenceville,NJ08648	22-3835387	501(c)(3)	5,000	748	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(25) Lawrence Township Education Foundation 17 Phillips Ave Lawrenceville,NJ08648	22-3192024	501(c)(3)	85,609	175	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(26) McCarter Theater 91 University Place Princeton,NJ08540	21-0724198	501(c)(3)	10,000				Support of local community educational programs.
(27) Mercer County Community College 1200 Old Trenton Road West Windsor,NJ08550		Government		9,132	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(28) Mercer County Community College Foundation 1200 Old Trenton Road West Windsor,NJ08550	22-1824242	501(c)(3)	10,206				Support of local community educational programs.
(29) Mercer County Office of Education 1075 Old Trenton Road Trenton,NJ08690		Government		10,314	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(30) Minding Our Business 349 West State Street Trenton,NJ08618	46-1076647	501(c)(3)	5,000				Support of local community educational programs.
(31) National Urban League 80 Pine Street 9th Floor New York,NY10005	13-1840489	501(c)(3)	25,000				Support of local community educational programs.
(32) New Venture Fund 1201 Connecticut Avenue NW Suite 300 Washington,DC20036	20-5806345	501(c)(3)	40,000				Support of local community educational programs.
(33) Ocean City Board of Education 501 Atlantic Ave Suite 1 Ocean City,NJ08226	21-6000270	501(c)(3)	77,979				Support of local community educational programs.
(34) Opportunity Junction 3102 Delta Fair Blvd Antioch,CA94509	68-0459131	501(c)(3)	10,320				Support of local community educational programs.
(35) Parents Step Ahead 2102 Empire Central Dallas,TX75235	26-2477378	501(c)(3)	27,867				Support of local community educational programs.
(36) PEI Kids 231 Lawrence Road Lawrenceville,NJ08648	22-2594219	501(c)(3)	6,586				Support of local community educational programs.
(37) Princeton Family YMCA 59 Paul Robeson Place Princeton,NJ08550	21-0639890	501(c)(3)	12,000	1,368	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(38) Princeton Regional Chamber of Commerce 182 Nassau Street Suite 301 Princeton,NJ08540	21-0722138	501(c)(6)	9,000				Support of local community educational programs.
(39) Regents University of California Los Angeles Box 951521 2052 Moore Hall Los Angeles,CA90095	95-6006143	501(c)(3)	20,000				Support of local community educational programs.
(40) Shiloh Community Development Corporation (Trenton Freedom School) PO Box 398 Trenton,NJ08603	12-3799161	501(c)(3)	10,000	150	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(41) Stony Brook Millstone Watershed Association 31 Titus Mill Road Pennington,NJ08534	21-0649717	501(c)(3)	10,248				Support of local community educational programs.
(42) UIH Family Partners 4 N Broad Street 2nd Floor Suite 2R Trenton,NJ08608	21-0635048	501(c)(3)	6,296				Support of local community educational programs.
(43) United States Hispanic Leadership Institute 431 S Dearborn Street Chicago,IL60605	36-3191740	501(c)(3)	5,000				Support of local community educational programs.
(44) United Way of Greater Mercer County 3150 Brunswick Pike Suite 230 Lawrenceville,NJ08648	21-0683073	501(c)(3)	100,222	132	Fair Market Value	Catering and Supplies	Support of local community educational programs.
(45) Young Audiences of New Jersey Inc 200 Forrestal Road Princeton,NJ08540	23-7384991	501(c)(3)	35,000				Support of local community educational programs.
(46) YWCA Princeton 59 Paul Robeson Place Princeton,NJ08540	21-0639890	501(c)(3)	20,600	8,624	Fair Market Value	Catering and Supplies	Support of local community educational programs.

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2019

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) Historically Black Colleges and Universities Presidential Scholarship	7	54,346
(2) Trenton Central High School Scholarship	12	90,000
(3) Research Fellowships	2	85,500
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

Part I, Line 2:

Educational Testing Service requires applicants for scholarships to provide transcripts and other information upon which they are evaluated. During Fiscal Year 2018,scholarship funds were made payable directly to the university or college that the awarded recipient attends or made payable to both the institution and the student. The ETS Center for Advocacy and Philanthropy, a division of ETS that manages ETS's contributions, has established criteria for making grants and other contributions. It also maintains records to substantiate the amount of grants or in-kind contributions, as well as the grantees eligibility for the grants. IRS Form W-9 is requested from all organizations to ascertain the legal name, EIN or Taxpayer Identification Number and address. ETS typically maintains close contact with its grantees to monitor their progress in the use of funds and, whenever feasible, the extent to which the funded program met its objectives. Small contributions (under $2,000) are sometimes made to 501(c)(3) organizations to promote volunteerism and philanthropy among employees at ETS. ETS monitors the use of funds in several ways: (1) requests written reports on the use of restricted funds and the organization's annual report when the grant is unrestricted; (2) for sponsored events, such as conferences and workshops, ETS requests programs and other materials prepared for the event; (3) staff members attend a number of sponsored events so that there is direct observation; (4) ETS remains in contact with grant recipients via email, phone calls and face-to-face meetings; and (5) ETS obtains copies of any research papers that might be developed as a result of the grant.

Schedule I (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Yes

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2019

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1MacDonald Walter B President	(i) (ii)	609,990 ------------- 0	389,169 ------------- 0	196,677 ------------- 0	24,300 ------------- 0	8,345 ------------- 0	1,228,481 ------------- 0	0 ------------- 0
2Bailey Diane A SVP, Production & Delivery	(i) (ii)	266,473 ------------- 0	122,625 ------------- 0	32,454 ------------- 0	38,395 ------------- 0	15,396 ------------- 0	475,343 ------------- 0	0 ------------- 0
3Basehore John VP & Treasurer	(i) (ii)	221,012 ------------- 0	117,225 ------------- 0	38,759 ------------- 0	33,865 ------------- 0	18,012 ------------- 0	428,873 ------------- 0	0 ------------- 0
4Donado Yvette SVP & Chief Admin Officer	(i) (ii)	273,562 ------------- 0	193,950 ------------- 0	196,872 ------------- 0	24,300 ------------- 0	18,212 ------------- 0	706,896 ------------- 0	115,996 ------------- 0
5Draper Jr William C VP & COO College Board	(i) (ii)	233,650 ------------- 0	139,125 ------------- 0	52,393 ------------- 0	36,173 ------------- 0	2,600 ------------- 0	463,941 ------------- 0	0 ------------- 0
6Ercikan-Alper Kadriye VP Stat Analysis & Psych Research	(i) (ii)	208,464 ------------- 0	0 ------------- 0	29,529 ------------- 0	32,500 ------------- 0	23,587 ------------- 0	294,080 ------------- 0	0 ------------- 0
7Farnum Marisa VP Assessment Development	(i) (ii)	204,597 ------------- 0	112,500 ------------- 0	55,048 ------------- 0	22,500 ------------- 0	8,812 ------------- 0	403,457 ------------- 0	0 ------------- 0
8Freddo Michael J VP & Controller	(i) (ii)	198,732 ------------- 0	123,125 ------------- 0	67,290 ------------- 0	22,163 ------------- 0	16,329 ------------- 0	427,639 ------------- 0	0 ------------- 0
9Gilbertson Bruce M VP Facilities & Real Estate	(i) (ii)	208,965 ------------- 0	125,250 ------------- 0	51,151 ------------- 0	32,565 ------------- 0	0 ------------- 0	417,931 ------------- 0	0 ------------- 0
10Gorin Joanna VP Research	(i) (ii)	228,750 ------------- 0	123,375 ------------- 0	23,767 ------------- 0	32,077 ------------- 0	0 ------------- 0	407,969 ------------- 0	0 ------------- 0
11Hayon Jack SVP & CFO	(i) (ii)	350,578 ------------- 0	260,488 ------------- 0	86,157 ------------- 0	24,300 ------------- 0	23,964 ------------- 0	745,487 ------------- 0	0 ------------- 0
12Hernandez Sandra VP Finance	(i) (ii)	228,070 ------------- 0	142,313 ------------- 0	41,099 ------------- 0	23,288 ------------- 0	15,729 ------------- 0	450,499 ------------- 0	0 ------------- 0
13Hobson David VP & Corporate Secretary	(i) (ii)	192,127 ------------- 0	132,000 ------------- 0	63,675 ------------- 0	21,600 ------------- 0	16,396 ------------- 0	425,798 ------------- 0	0 ------------- 0
14Hunt David Executive VP & COO	(i) (ii)	368,482 ------------- 0	214,350 ------------- 0	45,079 ------------- 0	54,573 ------------- 0	25,098 ------------- 0	707,582 ------------- 0	0 ------------- 0
15Johnson-Gregory Sheree L VP Assoc. Gen Counsel & CDO	(i) (ii)	237,186 ------------- 0	161,850 ------------- 0	136,806 ------------- 0	24,108 ------------- 0	22,881 ------------- 0	582,831 ------------- 0	71,140 ------------- 0
16Lawrence Ida M SVP Research & Development	(i) (ii)	308,511 ------------- 0	178,375 ------------- 0	74,112 ------------- 0	24,300 ------------- 0	16,763 ------------- 0	602,061 ------------- 0	0 ------------- 0
17Nelson Scott F SVP & Chief Marketing Officer	(i) (ii)	282,609 ------------- 0	166,375 ------------- 0	46,154 ------------- 0	43,258 ------------- 0	24,587 ------------- 0	562,983 ------------- 0	0 ------------- 0
18Nettles Michael T SVP & Controller for Policy Eval	(i) (ii)	278,291 ------------- 0	171,738 ------------- 0	46,692 ------------- 0	24,300 ------------- 0	26,011 ------------- 0	547,032 ------------- 0	0 ------------- 0
19Oswald John VP, Client Relations & Outreach	(i) (ii)	257,561 ------------- 0	14,513 ------------- 0	44,977 ------------- 0	24,300 ------------- 0	15,612 ------------- 0	356,963 ------------- 0	0 ------------- 0
20Payne David G VP & COO Global Education	(i) (ii)	260,297 ------------- 0	169,130 ------------- 0	60,969 ------------- 0	24,300 ------------- 0	23,411 ------------- 0	538,107 ------------- 0	0 ------------- 0
21Pfund Rebecca Chief Information Officer	(i) (ii)	230,214 ------------- 0	202,500 ------------- 0	47,205 ------------- 0	35,750 ------------- 0	23,587 ------------- 0	539,256 ------------- 0	0 ------------- 0
22Pote Stephen K VP & Chief Quality Officer	(i) (ii)	232,984 ------------- 0	118,013 ------------- 0	25,099 ------------- 0	34,092 ------------- 0	15,535 ------------- 0	425,723 ------------- 0	0 ------------- 0
23Robinson Deirdre VP & CLO SWS	(i) (ii)	180,976 ------------- 0	0 ------------- 0	27,103 ------------- 0	25,200 ------------- 0	6,403 ------------- 0	239,682 ------------- 0	0 ------------- 0
24Rockey Anne F VP Operations	(i) (ii)	241,565 ------------- 0	127,250 ------------- 0	10,760 ------------- 0	33,085 ------------- 0	15,656 ------------- 0	428,316 ------------- 0	0 ------------- 0
25Schroeder Glenn C SVP & General Counsel	(i) (ii)	338,128 ------------- 0	240,175 ------------- 0	62,116 ------------- 0	24,300 ------------- 0	19,432 ------------- 0	684,151 ------------- 0	0 ------------- 0
26Wakeman Daniel VP & Chief Information Officer	(i) (ii)	241,364 ------------- 0	110,000 ------------- 0	26,834 ------------- 0	35,750 ------------- 0	25,688 ------------- 0	439,636 ------------- 0	0 ------------- 0
27Weaver Scott V VP & Chief Strategy Officer	(i) (ii)	259,569 ------------- 0	161,013 ------------- 0	42,720 ------------- 0	38,058 ------------- 0	25,588 ------------- 0	526,948 ------------- 0	0 ------------- 0
28Williamson David VP New Product Development	(i) (ii)	206,649 ------------- 0	115,625 ------------- 0	20,033 ------------- 0	30,062 ------------- 0	22,548 ------------- 0	394,917 ------------- 0	0 ------------- 0
29Bennett Randy E Frederiksen Chair Assessment	(i) (ii)	303,533 ------------- 0	33,226 ------------- 0	28,277 ------------- 0	24,300 ------------- 0	7,954 ------------- 0	397,290 ------------- 0	0 ------------- 0
30Chan Peter General Mgr, Application Develop	(i) (ii)	224,223 ------------- 0	60,893 ------------- 0	24,569 ------------- 0	33,228 ------------- 0	23,587 ------------- 0	366,500 ------------- 0	0 ------------- 0
31Kirsch Irwin Tyler Chair LG Scale Assessment	(i) (ii)	270,644 ------------- 0	75,792 ------------- 0	27,835 ------------- 0	24,300 ------------- 0	16,828 ------------- 0	415,399 ------------- 0	0 ------------- 0
32McHale Frederick General Manager, Stat Analysis	(i) (ii)	234,241 ------------- 0	63,875 ------------- 0	51,045 ------------- 0	21,545 ------------- 0	16,196 ------------- 0	386,902 ------------- 0	0 ------------- 0
33Schmidt Amy General Manager, Stat Analyst	(i) (ii)	228,165 ------------- 0	60,465 ------------- 0	25,069 ------------- 0	33,343 ------------- 0	14,328 ------------- 0	361,370 ------------- 0	0 ------------- 0
34Carstarphen Meria Former Trustee	(i) (ii)	10,500 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	10,500 ------------- 0	0 ------------- 0
35Menezes Victor Former Trustee	(i) (ii)	23,000 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	23,000 ------------- 0	0 ------------- 0
36Elliott Thomas J Former VP & CLO SWS	(i) (ii)	155,877 ------------- 0	142,329 ------------- 0	26,274 ------------- 0	16,447 ------------- 0	24,381 ------------- 0	365,308 ------------- 0	0 ------------- 0
37House Naomi Former President ISA	(i) (ii)	261,609 ------------- 0	158,100 ------------- 0	53,093 ------------- 0	24,300 ------------- 0	11,709 ------------- 0	508,811 ------------- 0	0 ------------- 0
38Kerins Nancy J Former SVP Prod & Delivery	(i) (ii)	173,963 ------------- 0	175,500 ------------- 0	244,561 ------------- 0	16,403 ------------- 0	8,520 ------------- 0	618,947 ------------- 0	0 ------------- 0
39Lazer Stephen Former SVP Stud & Teach Assess	(i) (ii)	194,379 ------------- 162,307	104,625 ------------- 40,000	53,359 ------------- 14,087	19,315 ------------- 0	16,583 ------------- 0	388,261 ------------- 216,394	0 ------------- 0
40Mazzeo John Former VP Stat Analysis & Psych.	(i) (ii)	254,750 ------------- 0	179,986 ------------- 0	25,814 ------------- 0	24,300 ------------- 0	0 ------------- 0	484,850 ------------- 0	0 ------------- 0
41Miller George Former VP SWS	(i) (ii)	0 ------------- 0	0 ------------- 0	195,577 ------------- 0	0 ------------- 0	0 ------------- 0	195,577 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2019

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
Part I, Line 1a	First-class or charter travel: Two trustees received the benefit of a single first class airplane ticket during 2017. It was not treated as taxable compensation to the individual. This benefit is provided based on length of travel time required of the individual. Tax gross-up payments/Personal Services: Twenty Six Officers received this benefit (related to financial planning) during 2017. It was treated as taxable compensation to the individuals. Housing allowance or residence for personal use: One officer received this benefit during 2017. It was treated as taxable compensation to the individual. Health or social club dues or initiation fees: One officer received this benefit during 2017. It was treated as taxable compensation to the individual.
Part I, Line 3	ETS engages an external Independent Executive Compensation Consultant Organization ("IECCO") to review and advise on worker compensation laws. Further, the IECCO prepares an annual report of proposed compensation for ETS's CEO and officers evaluating the reasonableness of the compensation, as defined by the IRS intermediate Sanction rules. The report assesses the relevant labor market for officer roles using national data from comparable organizations of similar size and complexity. Then, consistent with the composition of the labor markets in which ETS competes for executive talent, appropriate comparative analyses are developed from both not-for-profit and for-profit data. Finally, the IECCO prepares a Letter of Reasonableness regarding the analyses of officer pay consistent with government guidelines which is presented to the Committee on Governance and Human Resources and the Board for review, comment and approval.
Part I, Lines 4a-b	Officers and other executives participated in a supplemental non-qualified retirement plan under 457(f). The non-vested portion of each officer's deferred compensation is reported in Column C. The vested portion of each officer's deferred compensation is reported in Columns B & F. Part 1, Line 4a: Two officers, Nancy Kerins and George Miller, received severance payments of $175,500 and $195,577 respectively, from the organization in 2017.
Part I, Line 6	Part I, Lines 6a and 7: ETS investment compensation programs are variable cash compensation programs to provide employees earnings opportunities in addition to base pay. These variable compensation components recognize and reward based on individual and ETS performance. Payment under these programs are realized when ETS meets and achieves its annual performance targets for the year, as determined by a holistic assessment of metrics from ETS's balanced scorecard objectives including financial, operational, customer and growth goals.

Schedule J (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2019

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) Teresa M Sanchez-Lazer	See Part V	245,177	See Part V		No
(2) Irene Elliott	See Part V	74,457	See Part V		No
(3) Liana Hernandez	See Part V	43,870	See Part V		No
(4) Raymond Gregory	See Part V	18,486	See Part V		No
(5) Alberto Acereda	See Part V	207,884	See Part V		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference

Explanation

Part IV:

(a)Name of person: Teresa M. Sanchez-Lazer(b)Relationship between interested person and the organization: family member of Stephen Lazer, Former Officer(d)Description of transaction: Salary and benefits(a)Name of person: Irene Elliott(b)Relationship between interested person and the organization: family member of Thomas J. Elliott, Former Officer(d)Description of transaction: Salary and benefits(a)Name of person: Liana Hernandez(b)Relationship between interested person and the organization: family member of Sandra Hernandez, Officer(d)Description of transaction: Salary and benefitsa)Name of person: Raymond Gregory(b)Relationship between interested person and the organization: family member of Sheree L Johnson-Gregory, Officer(d)Description of transaction: Salary and benefitsa)Name of person: Alberto Acereda(b)Relationship between interested person and the organization: family member of Joanna Gorin, Officer(d)Description of transaction: Salary and benefits

Schedule L (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

SCHEDULE N
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Liquidation, Termination, Dissolution, or Significant Disposition of Assets
bullet

Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
bullet

Attach certified copies of any articles of dissolution, resolutions, or plans.
bullet

Attach to Form 990 or 990-EZ.
bullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
Educational Testing Service

Employer identification number
21-0634479

Part I

Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed.

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? .........................

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Become a direct or indirect owner of a successor or transferee organization? .....................

Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.

Cat. No. 50087Z

Schedule N (Form 990 or 990-EZ) (2019)

Page 2

Part I

Liquidation, Termination, or Dissolution (continued)

Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.

Yes

Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III .............

Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? ......

If "Yes," did the organization provide such notice? .....................

Did the organization discharge or pay all of its liabilities in accordance with state laws? .....................

Did the organization have any tax-exempt bonds outstanding during the year? .....................

If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?

If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II

Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity
Shares of ETS Holding Inc and subsidiaries	01-28-2018	1,114,716,417	Fair Market Value	82-3291553	Sarbacane Bidco Inc 100 Wilshire Blvd Suite 1830 Santa Monica,CA90401	C Corporation

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? .........................

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Become a direct or indirect owner of a successor or transferee organization? .....................

Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.

Cat. No. 50087Z

Schedule N (Form 990 or 990-EZ) (2019)

Page 3

Part III

Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule N (Form 990 or 990-EZ) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Return Reference	Explanation
Form 990, Line 1, Box G - Gross Receipts	The primary driver for the increase in gross receipts as shown on Form 990, Page 1, Box G is related to the gain on the sale of ETS Holdings Inc and Subsidiaries and the subsequent investment gains from the proceeds.
Form 990, Part VI, Section A, line 4	The following significant change was made to ETS' Corporate ByLaws effective October 27, 2017. Formation of Committee of the Whole. This committee shall consider and deliberate major, broad issues identified as relevant and essential to the effective governance and of significant import to ETS.
Form 990, Part VI, Section B, line 11b	All Trustees receive a copy of Form 990 for review and information prior to Board of Trustees meeting. Form 990 is reviewed by the Board of Trustees' Audit Commitee and the full Board of Trustees.
Form 990, Part VI, Section B, line 12c	The Trustees of Educational Testing Service, individually and collectively, are expected to act in accordance with the highest standards of ethical behavior. Annually, the Audit Committee reviews the ETS Code of Ethics for Members of the Board of Trustees. Subsequently, each Trustee receives a copy of the Code of Ethics and signs a statement agreeing to abide by the Code. The Code of Ethics states a clear policy on conflicts of interest. ETS also has a conflict of interest policy that is supplied to the Board of Trustees, officers and key employees. The Trustees annually complete a Trustee Disclosure Statement and a Trustee Affiliation Form. The Disclosure Statement requests information regarding whether any Trustee has material financial interest to which ETS is a party. The Affiliation Form requests information regarding the Trustees employment as a staff member or as a consultant of ETS, as well as their affiliation with other organizations. The Corporate Secretary reviews these disclosures for potential conflicts or the potential appearance of a conflict. Should a situation be disclosed that presents a potential conflict, the Corporate Secretary would seek resolution with the involvement of the appropriate authority such as the Audit Committee or the ETS General Counsel and Chief Ethics Officer. Intrinsic to the policy is a Trustee recusing themselves on certain matters or resigning from the Board to prevent a conflict of interest or avoid an appearance of a conflict of interest. Failure to respond to the annual disclosure process would result in the requisite follow up by the Corporate Secretary. Candidates for Trustees receive general information on relevant ETS policies, such as the Code of Ethics and Conflict of Interest and are required to complete the Affiliations Form prior to standing for election. Trustees can obtain assistance with the interpretation or administration of the Code of Ethics conflicts policy or procedures from the Corporate Secretary or the General Counsel and Chief Ethics Officer. Trustees receive the complete policy statements upon their election. Educational Testing Service requires that employees, including officers, who are uncertain whether an outside activity comes within the scope of ETS's Code of Ethics or Conflict of Interest policy, discuss the matter with their supervisors. Employees wishing to engage in outside activities must submit an Outside Activities Report to their division Vice President for review and approval prior to engaging in the activity. Employees must submit an amended report whenever the activity changes. The report is reviewed and the employee is informed whether the request is approved. The employee's division Vice President and the Vice President of Human Resources (HR) receive a copy of all such reports regardless of whether the request is approved. Any situation involving a potential conflict of interest must be reviewed by HR to verify that no conflict exists. Any employee who acquires information that gives the employee reason to believe that any employee, officer or trustee is engaged in conduct that is prohibited by ETS's Code of Ethics or subject to ETS's Conflict of Interest policy, or that any sales representative, distributor or other person or firm representing ETS in any transaction is engaged in the type of conduct (whether or not in connection with a transaction involving ETS or its products) which, if engaged in by an employee, would violate this policy is required to report this information immediately. All complaints regarding potential conflicts of interest are investigated promptly, and where necessary, immediate and appropriate action is taken to stop and remedy any such conduct. Any employee or officer, found in violation of this policy will be subject to disciplinary action, up to and including termination, depending upon the severity of the violation. This policy is reviewed on an annual basis by the Vice President of Human Resources. All ETS employees receive a copy of the Code of Ethics on an annual basis. The annual review and signature indicating their agreement to comply with the policy is mandatory as part of employment with ETS.
Form 990, Part VI, Section B, line 15	ETS engages an external Independent Executive Compensation Consultant Organization (IECCO) to review and advise on worker compensation laws. Further, the IECCO prepares an annual report of proposed compensation for ETS's CEO and officers evaluating the reasonableness of the compensation, as defined by the IRS intermediate sanction rules. The report assesses the relevant labor market for officer roles using national data from comparable organizations of similar size and complexity. Then, consistent with the composition of the labor markets in which ETS competes for executive talent, appropriate comparative analyses are developed from both not-for-profit and for-profit data. Finally, the IECCO prepares a Letter of Reasonableness regarding the analyses of officer pay consistent with government guidelines which is presented to the Committee on Governance and Human Resources and the Board for review, comment and approval.
Form 990, Part VI, Section C, line 19	ETS does not make its governing documents, conflict of interest policy, or financial statements available to the public.
Form 990, Part IX, line 11g	Test Admin and Consultants: Program service expenses 367,448,985. Management and general expenses 25,175,858. Fundraising expenses 0. Total expenses 392,624,843. Subcontracting Costs: Program service expenses 153,543,619. Management and general expenses 22,609,972. Fundraising expenses 0. Total expenses 176,153,591.
Form 990, Part XI, line 9:	Postretirement benefits 25,046,000. Equity in earnings reported separately -63,441,143.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

Educational Testing Service

Employer identification number

21-0634479

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) ETS Tech LLC Rosedale Road Princeton,NJ08541 45-4054815	Holding company	DE	0	0	Educational Testing Service

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)Educational Testing Service Retiree Medical and Life Ins Plan Rosedale Road MS 20-J Princeton,NJ08541 22-3372287	Benefit Plan	NJ	501(c)(9)		Educational Testing Service	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2019

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) Educational Testing Service (ETS) Global BV Strawinskylaan 929 Amsterdam 1077 XX NL	Educational services	NL	Educational Testing Service	C	32,863,869	10,020,043	100.000 %	Yes
(2) ETS Educational Testing Service Canada Inc 660 Rosedale Road Princeton,NJ08541	Educational services	NJ	Educational Testing Service	C	429,226	440,063	100.000 %	Yes
(3) ETS Assessments (Beijing) Ltd No 3 Dongsanhuan Beilu Block B L Beijing 100027 CH	Educational services	CH	Educational Testing Service (ETS) Global BV	C	3,685,428	2,630,328	100.000 %	Yes
(4) ETS Educational Services (India) Private Limited 12-2-417/A/15 Jayanagar Colony Hyderabad 500 082 IN	Educational services	IN	Educational Testing Service (ETS) Global BV	C			100.000 %	Yes
(5) Prometric Holdings Inc 1501 South Clinton Street Baltimore,MD21224 26-0416543	Holding company	DE	Educational Testing Service	C			100.000 %	Yes
(6) Educational Testing Service International Holdings Limited 25/28 North Wall Quay Dublin 1 EI	Educational services	EI	Educational Testing Service	C	58,154	9,862,368	100.000 %	Yes
(7) Edusoft Ltd 16 Hamelacha St North Industrial P Rosh HaAyin 48091 IS	Educational services	IS	Educational Testing Service International Holdings Limited	C	7,273,254	12,724,805	100.000 %	Yes
(8) ETSQ Holdings LLC 660 Rosedale Road Princeton,NJ08541 81-5154354	Holding company	DE	Educational Testing Service	C		6,000	100.000 %	Yes
(9) Questar Assessments Inc 5550 Upper 147th Street Apple Valley,MN55124 13-2846796	Educational services	MN	ETSQ Holdings LLC	C	91,717,000	144,374,000	100.000 %	Yes
(10) Prometric LLC 1501 South Clinton Street Baltimore,MD21224 26-0416596	Educational services	DE	Prometric Holdings Inc	C	94,024,197	336,027,760	100.000 %	Yes
(11) Prometric Japan Company Limited Ochanomizu Sola City 5F 4-6 Kanda S Tokyo 101-0062 JA	Educational services	JA	Prometric LLC	C	10,910,166	13,720,991	100.000 %	Yes
(12) Prometric Limited 7th Floor The Victoria Harbour Cit Manchester M5 03SP UK 98-0561896	Educational services	UK	Prometric LLC	C	1,339,888	3,416,522	100.000 %	Yes
(13) Prometric Luxembourg SARL 5 Rue Guillaume Kroll Luxembourg L-1882 LU	Holding company	LU	Prometric LLC	C	546,926	878,493	100.000 %	Yes
(14) Ireland Test Center Delivery Limited Office 11 Verdala Business Center Mriehel BKR 3000 MT 98-0561894	Holding company	MT	Prometric Luxembourg SARL	C	2,681,456	36,080,198	100.000 %	Yes
(15) Prometric Ireland Limited 25/28 North Wall Quay Dublin 1 EI 98-1020297	Educational services	EI	Ireland Test Center Delivery Limited	C	9,902,683	11,652,893	100.000 %	Yes
(16) Prometric Pty Limited Suite 12 Level 12 37 Bligh Street Sydney NSW 2000 AS 98-1072358	Educational services	AS	Ireland Test Center Delivery Limited	C	111,965	184,818	100.000 %	Yes
(17) Prometric BV Hogehilweg 8 Amsterdam 1101CC NL 98-1071416	Educational services	NL	Prometric Luxembourg SARL	C	7,751,171	101,685,752	100.000 %	Yes
(18) Prometric Korea Limited Yoon-Ik Building 8 Floor 430 Eonj Seoul KS	Educational services	KS	Prometric BV	C	178,576	236,413	100.000 %	Yes
(19) Prometric (Proprietary) Ltd 4 Daventry Street Lynnwood Manor Pretoria 0081 SF	Educational services	SF	Prometric BV	C	13,364	255,462	100.000 %	Yes
(20) Prometric Testing Services Private Ltd 2nd Floor DLF Infinity Tower-A Sec Gurgaon Haryana 122002 IN	Educational services	IN	Prometric BV	C	2,335,695	7,795,625	100.000 %	Yes
(21) Prometric Technology (Beijing) Co Ltd Unit 406 Raycom InfoTech Tower A Beijing 100080 CH	Educational services	CH	Prometric BV	C	605,551	249,291	100.000 %	Yes
(22) Prometric Technology SDN Bhd Suite 11-1 11-3 Level 11 Wisma Kuala Lumpur 50490 MY	Educational services	MY	Prometric BV	C	2,151,075	1,683,039	100.000 %	Yes
(23) Prometric Pte Ltd 77 Robinson Road 15-01 Singapore 068898 SN	Educational services	SN	Prometric BV	C	14,694	93,842	100.000 %	Yes
(24) Prometric FZ-LLC Dubai Knowledge Village Office 108 Dubai AE	Educational services	AE	Prometric BV	C	283,296	288,540	100.000 %	Yes
(25) Prometric Canada Testing Services Inc 550 Burrard Street Suite 2300 Bent Vancouver,British Columbia CA	Educational services	CA	Prometric Inc	C	1,129,895	980,915	100.000 %	Yes

Schedule R (Form 990) 2019

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

Yes

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) Educational Testing Service Retiree Benefits Trust	Q	2,993,246	Cash
(2) Educational Testing Service (ETS) Global BV	A	6,890,391	Fair market value
(3) Educational Testing Service (ETS) Global BV	L	765,857	Fair market value
(4) ETS Educational Testing Service Canada Inc	A	47,028	Fair market value
(5) ETS Educational Testing Service Canada Inc	L	150,689	Fair market value
(6) Prometric LLC	A	357,721	Fair market value
(7) Prometric LLC	L	167,125	Fair market value
(8) Prometric LLC	Q	60,371	Cash
(9) Edusoft Ltd	L	111,788	Fair market value
(10) Prometric Holdings Inc	F	54,900,000	Cash
(11) Educational Testing Service (ETS) Global BV	M	9,711,265	Fair market value
(12) ETS Assessments (Beijing) Ltd	M	2,152,191	Fair market value
(13) Prometric LLC	M	27,123,307	Fair market value
(14) Edusoft Ltd	M	1,035,138	Fair market value
(15) Educational Testing Service International Holdings Limited	F	450,000	Cash
(16) Questar Assessments Inc	L	3,726,110	Fair market value
(17) Questar Assessments Inc	Q	9,648	Cash
(18) ETS Educational Testing Service Canada Inc	F	230,000	Cash
(19) ETSQ Holdings LLC	D	19,285,714	Cash
(20) Questar Assessments Inc	D	11,000,000	Cash
(21) Questar Assessments Inc	M	17,753,541	Fair market value
(22) Educational Testing Service (ETS) Global BV	P	2,105,590	Cash
(23) Educational Testing Service (ETS) Global BV	S	4,711,000	Cash

Schedule R (Form 990) 2019

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference	Explanation
Schedule R, Part IV: Identification of Related Organizations	On January 28, 2018 ETS sold all of its stock in ETS Holdings, Inc. to a third party buyer, thus completely divesting its interest in Prometric Inc. and Subsidiaries. Subsequent to the sale, two of the entities changed their name and the new names are reflected in Schedule R as follows: Prometric Holdings Inc. formerly known as ETS Holdings, Inc. Prometric LLC formerly known as Prometric Inc.

Schedule R (Form 990) 2019

Additional Data

Software ID:
Software Version:

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No