Universal Education Companies Inc
- Assets
- $640.5k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Philadelphia, PA
- Founding
- 01/2007
- Data as of
- 06/2021
- EIN
- 75-2981295
Organization Overview
Universal Education Companies Inc is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, Universal Education Companies Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Education Companies 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 06/2021, Universal Education Companies Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE YOUTH FOR SUCCESSFUL POST-SECONDARY EDUCATIONAL EXPERIENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PREPARE OUR YOUTH FOR SUCCESSFUL POST-SECONDARY EDUCATIONAL EXPERIENCES, SPECIFICALLY FOR ATTENDING INSTITUTIONS OF HIGHER EDUCATION AND/OR ENTERING A 21ST CENTURY WORKPLACE IN A GLOBALIZED, TECHNOLOGY-BASED ECONOMY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Nixon Executive Vice President | Officer | 40 | $230,900 |
Leslie Marant Chief Of Staff | Officer | 40 | $52,981 |
Shahied A Dawan Treasurer/secretary | OfficerTrustee | 10 | $0 |
Wallace Dawan CFO | Officer | 10 | $0 |
Tamelia Hinson COO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $1,917,484 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,919,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,167 |
| Payroll taxes | $113,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,634 |
| Fees for services: Accounting | $13,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,611 |
| Advertising and promotion | $0 |
| Office expenses | $39,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $44,632 |
| All other expenses | $3,731 |
| Total functional expenses | $1,805,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,797 |
| Total assets | $640,518 |
| Accounts payable and accrued expenses | $64,712 |
| Grants payable | $0 |
| Deferred revenue | $3,442 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,384 |
| Total liabilities | $143,538 |
| Net assets without donor restrictions | $496,980 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $640,518 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |