Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 2,210,038 | 315,841 | 2,525,879 | |||
| 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 | 90,727,512 | 102,853,117 | 97,997,750 | 97,212,546 | 99,612,079 | 488,403,004 |
| 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 | 92,937,550 | 103,168,958 | 97,997,750 | 97,212,546 | 99,612,079 | 490,928,883 |
| 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. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support. (Subtract line 7c from line 6.) | 490,928,883 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 92,937,550 | 103,168,958 | 97,997,750 | 97,212,546 | 99,612,079 | 490,928,883 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 550,974 | 235,823 | 665,402 | 2,060,934 | 3,787,685 | 7,300,818 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 550,974 | 235,823 | 665,402 | 2,060,934 | 3,787,685 | 7,300,818 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | -7,571 | -9,313 | -16,884 | |||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 17,921 | 12,361 | 41,871 | 93,892 | 182,068 | 348,113 |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 93,506,445 | 103,417,142 | 98,705,023 | 99,359,801 | 103,572,519 | 498,560,930 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 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) |
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| 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): |
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| 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 0.015 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 0.035 | 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 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART III, LINE 12, OTHER INCOME: | OTHER INCOME CONSISTS OF VARIOUS MISCELLANEOUS INCOME. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1 | WES IS A NOT-FOR-PROFIT SOCIAL ENTERPRISE THAT SUPPORTS THE EDUCATIONAL, ECONOMIC, & SOCIAL INCLUSION OF IMMIGRANTS, REFUGEES AND INTERNATIONAL STUDENTS IN THE UNITED STATES OF AMERICA AND CANADA. |
| FORM 990, PART III, LINE 4A | CREDENTIAL EVALUATION: SINCE WES WAS FOUNDED, IT HAS CUMULATIVELY SUPPORTED OVER 4 MILLION INDIVIDUALS AND COLLABORATED WITH NEARLY 60,000 INSTITUTIONS IN MORE THAN 200 COUNTRIES. WES'S INDUSTRY-STANDARD REPORTS ARE RECOGNIZED BY THOUSANDS OF ACADEMIC INSTITUTIONS, LICENSING BODIES, AND EMPLOYERS THROUGHOUT THE UNITED STATES AND CANADA. WES USES REVENUES FROM ITS CREDENTIAL EVALUATIONS TO SUPPORT A BROAD VARIETY OF SOCIAL IMPACT INITIATIVES TO SUPPORT IMMIGRANTS AND REFUGEES. |
| FORM 990, PART III, LINE 4B | SOCIAL IMPACT: PROGRAMS: WES INCUBATES AND IMPLEMENTS PROGRAMS THAT TACKLE SOME OF THE MOST PERSISTENT CHALLENGES THAT PREVENT IMMIGRANTS AND REFUGEES FROM THRIVING IN THE U.S. AND CANADA. PROGRAMS ARE DESIGNED TO DRIVE CHANGE AT A SYSTEMS LEVEL WITH THE GOAL OF BEING SCALABLE OR REPLICABLE IN OTHER COMMUNITIES AND INDUSTRIES. EXAMPLES OF PROGRAMS INCLUDE THE SKILLED IMMIGRANT INTEGRATION PROGRAM, THE GLOBAL TALENT LEADERSHIP NETWORK, AND #IMMIGRANTSWORK. PHILANTHROPY: THE WES MARIAM ASSEFA FUND SEEKS TO CATALYZE ECONOMIC INCLUSION, OPPORTUNITIES, AND MOBILITY IN SUPPORT OF IMMIGRANTS AND REFUGEES IN THE U.S. AND CANADA. THROUGH GRANTMAKING AND IMPACT INVESTING, THE FUND SUPPORTS EFFORTS TO BRING ABOUT INCLUSIVE ECONOMIES AND TO ENSURE THAT ALL IMMIGRANTS AND REFUGEES CAN ACHIEVE THEIR GOALS AND THRIVE. POLICY AND ADVOCACY: THROUGH POLICY ADVOCACY, WES AIMS TO PROMOTE SKILLS-COMMENSURATE CAREER ADVANCEMENT AND REMOVE BARRIERS TO ECONOMIC MOBILITY. WES SEEKS TO DRIVE THE ADOPTION OF NEW POLICIES BY PROVIDING EVIDENCE, PROPOSING SOLUTIONS, ENGAGING POLICYMAKERS, NURTURING COMMUNITIES OF PARTNERS AND INFLUENCERS, SERVING AS A RESOURCE, AND RAISING PUBLIC AWARENESS. PARTNERSHIPS: WES SERVES AS A CONVENER OF MANY NETWORKS ACROSS THE U.S. AND CANADA. THE GOAL IS TO CREATE A HUB FOR SHARING, LEARNING, AND CO-CREATING A FUTURE IN WHICH IMMIGRANTS, REFUGEES, AND INTERNATIONAL STUDENTS CAN REALIZE THEIR ACADEMIC AND PROFESSIONAL GOALS. THE WES MARIAM ASSEFA FUND ALSO ENGAGES PARTNERS THROUGH CO-FUNDING WITH OTHER LIKE-MINDED FUNDERS TO COMPOUND RESOURCES AND IMPACT. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CEO & EXECUTIVE DIRECTOR. COPIES ARE SENT OUT TO THE ENTIRE BOARD OF TRUSTEES BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, THE BOARD OF TRUSTEES, AS WELL AS SENIOR MANAGEMENT STAFF, ARE REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE FORM." THIS IS DONE IN THE FIRST HALF OF THE YEAR. EACH SIGNER INDICATES THAT THEY HAVE READ WES'S CONFLICT OF INTEREST POLICY AND INDICATES WHETHER THEY DO OR DO NOT HAVE A CONFLICT OR A POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY WES'S CHIEF FINANCIAL OFFICER FOR COMPLIANCE. TO DATE, THERE HAS BEEN COMPLIANCE WITH THE POLICY. SHOULD A CONFLICT BE FOUND, WES WILL ADDRESS SUCH CONFLICT ON A CASE BY CASE BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | EVERY TWO TO THREE YEARS, WES ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW WES'S SALARIES, SALARY STRUCTURE, AND SALARY POLICY AND MAKE RECOMMENDATIONS FOR CHANGES. COMPARABILITY DATA IS USED. THE COMPENSATION CONSULTANT REPORTS TO THE COMPENSATION COMMITTEE. THE FULL REPORT IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION REPORT ADDRESSES THE COMPARABILITY OF THE CEO & EXECUTIVE DIRECTOR'S SALARY AS WELL AS THE SALARY OF ALL OFFICERS AND KEY EMPLOYEES. IN ADDITION, THE BOARD OF TRUSTEES ANNUALLY APPROVES AND PROVIDES SUBSTANTIATION OF THE DELIBERATION AND DECISION REGARDING THE CEO & EXECUTIVE DIRECTOR'S SALARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | WES PROVIDES THE FORM 990 UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | GLOBAL TALENT BRIDGE: PROGRAM SERVICE EXPENSES 389,090. MANAGEMENT AND GENERAL EXPENSES 97,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 486,725. COMMUNICATION: PROGRAM SERVICE EXPENSES 152,754. MANAGEMENT AND GENERAL EXPENSES 38,331. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 191,085. BUSINESS TRANSFORMATION, IT, SYSTEMS AND RELATED CONSULTANTS: PROGRAM SERVICE EXPENSES 2,284,878. MANAGEMENT AND GENERAL EXPENSES 573,348. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,858,226. MARKETING: PROGRAM SERVICE EXPENSES 676,887. MANAGEMENT AND GENERAL EXPENSES 169,852. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 846,739. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 297,686. MANAGEMENT AND GENERAL EXPENSES 74,699. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,385. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 2,312,079. MANAGEMENT AND GENERAL EXPENSES 580,174. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,892,253. |
| FORM 990, PART XI, LINE 9: | FOREIGN CURRENCY TRANSLATION LOSS -879,458. EQUITY IN EARNINGS OF INVESTEE 299,232. |
| Software ID: | |
| Software Version: |