American Center For Education And Testing Inc
- Assets
- $125.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2000
- Data as of
- 06/2023
- EIN
- 52-2193942
Organization Overview
American Center For Education And Testing Inc is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Center For Education And Testing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, American Center For Education And Testing Inc generated $162.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $99.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE AMERICAN CENTER FOR EDUCATION AND TESTING (ACET) ADMINISTERS ACROSS EURASIA A WIDE RANGE OF TESTS FOR EDUCATIONAL AND PROFESSIONAL PURPOSES. ACADEMIC TESTS, SUCH AS THE TEST OF ENGLISH AS A FOREIGN LANGUAGE (TOEFL), SAT, GRE, AND MANY OTHERS ARE TAKEN BY STUDENTS WHO WISH TO ENDER U.S. EDUCATIONAL INSTITUTIONS OR WANT A CREDENTIAL OF THEIR ACADEMIC ACHIEVEMENTS. OTHER EXAMS ADMINISTERED INCLUDE PROFESSIONAL EXAMS INCLUDING SOFTWARE AND FINANCIAL ANALYST CERTIFICATIONS. TESTS ARE ADMINISTERED REGULARLY, SOME IN PAPER-BASED FORMATS AND OTHERS THROUGH ONLINE DELIVERY SYSTEMS IN PERMANENT AND TEMPORARY TESTING CENTERS. STAFF ARE TRAINED IN SECURITY AND PROCTORING, AND MANY HAVE RECEIVED CERTIFICATIONS FOR TEST ADMINISTRATION FROM THE TEST DEVELOPERS. ACET'S GOAL IS TO SUPPORT INTERNATIONAL MOBILITY OF STUDENTS AND SCHOLARS BY MAKING AVAILABLE TESTS AND SYSTEMS SO THAT STUDENTS CAN PURSUE EDUCATION AND DOCUMENT THEIR ACHIEVEMENT ON AN INTERNATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr David P Patton President | 1 | $0 | |
Ms Lisa A Choate Vice President | 1 | $0 | |
Ms Ann K Domorad Director | 1 | $0 | |
Mr John B Henderson CFO & Director Of Admnistr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $162,421 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,421 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,899 |
| Professional fees and other payments to independent contractors | $13,412 |
| Occupancy, rent, utilities, and maintenance | $16,783 |
| Printing, publications, postage, and shipping | $48 |
| Other expenses | $55,024 |
| Total expenses | $99,166 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,250 |
| Other assets | $0 |
| Total assets | $125,210 |
| Total liabilities | $1,274,041 |
| Net assets or fund balances | -$1,148,831 |