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Tuition Exchange Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$783k (2023)

Expenses
$719k (2023)

Total Assets
$1.65M (2023)

Total Liabilities
$235k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$782,739
Expenses
$718,656
Net Income
$64,083
Net Assets
$1,414,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $755,310
96.5%
Investment Income $36,963
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$36,034
Net Inventory Sales $0
Other Revenue $26,500
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $198,509
27.6%
Professional Fundraising Fees $0
Other Salaries and Wages $223,642
31.1%
Assets/Debt
Total Assets $1,649,013
Total Liabilities $234,543
Net Assets $1,414,470
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Exec Dir/Sec) $164,712 $0 $29,779
Lynn M Bynum (Chairperson) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director) $0 $0 $0
Dr Angel B Perez (Director) $0 $0 $0
Michael H Scott (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
Paul W Redfern (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,030
Expenses
$683,680
Net Income
$62,350
Net Assets
$1,243,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $707,580
94.8%
Investment Income $26,032
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,418
1.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $188,064
27.5%
Professional Fundraising Fees $0
Other Salaries and Wages $189,818
27.8%
Assets/Debt
Total Assets $1,514,822
Total Liabilities $271,459
Net Assets $1,243,363
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Exec Dir/Sec) $163,735 $0 $27,369
Lynn M Bynum (Chairperson) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0
Dr Bronte Burleigh Jones Outgoing (Director) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director) $0 $0 $0
Dr Angel B Perez (Director) $0 $0 $0
Michael H Scott (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
Paul W Redfern (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$763,072
Expenses
$658,364
Net Income
$104,708
Net Assets
$1,432,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $695,057
91.1%
Investment Income $20,596
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,419
6.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $186,746
28.4%
Professional Fundraising Fees $0
Other Salaries and Wages $192,829
29.3%
Assets/Debt
Total Assets $1,682,595
Total Liabilities $249,660
Net Assets $1,432,935
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Exec Dir/Sec) $156,775 $0 $24,200
Lynn M Bynum (Chairperson) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0
Dr Bronte Burleigh Jones (Director) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director) $0 $0 $0
Dr Angel B Perez (Director) $0 $0 $0
Michael H Scott (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
John A Palmucci (Director (Th) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$719,565
Expenses
$637,200
Net Income
$82,365
Net Assets
$1,154,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $691,630
96.1%
Investment Income $27,935
3.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $180,291
28.3%
Professional Fundraising Fees $0
Other Salaries and Wages $184,797
29.0%
Assets/Debt
Total Assets $1,354,132
Total Liabilities $199,351
Net Assets $1,154,781
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Executive Director/Ceo & Secretary) $154,275 $0 $23,141
Lynn M Bynum (Chairperson) $0 $0 $0
Lucie Lapovsky (Treasurer) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Michael H Scott (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$725,195
Expenses
$672,605
Net Income
$52,590
Net Assets
$1,066,507
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $684,610
94.4%
Investment Income $40,585
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $174,541
26.0%
Professional Fundraising Fees $0
Other Salaries and Wages $177,000
26.3%
Assets/Debt
Total Assets $1,213,323
Total Liabilities $146,816
Net Assets $1,066,507
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Executive Director & Secretary) $149,275 $0 $22,391
Lynn M Bynum (Chairperson) $0 $0 $0
Lucie Lapovsky (Treasurer) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Michael H Scott (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$695,970
Expenses
$646,120
Net Income
$49,850
Net Assets
$1,006,750
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $669,516
96.2%
Investment Income $26,454
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $170,437
26.4%
Professional Fundraising Fees $0
Other Salaries and Wages $168,567
26.1%
Assets/Debt
Total Assets $1,180,544
Total Liabilities $173,794
Net Assets $1,006,750
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Executive Director & Secretary) $144,637 $0 $21,696
Lynn M Bynum (Chairperson) $0 $0 $0
Lucie Lapovsky (Treasurer) $0 $0 $0
Edwin J Butterfoss (Director) $0 $0 $0
Anthony S Caprio (Director) $0 $0 $0
Barbara B Fritze (Director) $0 $0 $0
Maureen A Mckinnon (Director(beg 6/18)) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Michael H Scott (Director(beg 6/18)) $0 $0 $0
Howard D Saperston (Director (Until 12/17)) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$609,238
Expenses
$593,389
Net Income
$15,849
Net Assets
$928,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $576,380
94.6%
Investment Income $19,558
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,300
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $163,874
27.6%
Professional Fundraising Fees $0
Other Salaries and Wages $165,415
27.9%
Assets/Debt
Total Assets $1,059,743
Total Liabilities $131,454
Net Assets $928,289
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Secretary/Exec. Director) $140,327 $0 $21,049
Edwin J Butterfoss (Director) $0 $0 $0
Lynn M Bynum (Chairman) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
Barbara Fritze (Director) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Howard D Saperston (Director) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$587,415
Expenses
$574,820
Net Income
$12,595
Net Assets
$851,974
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $553,265
94.2%
Investment Income $19,315
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,835
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $171,985
29.9%
Professional Fundraising Fees $0
Other Salaries and Wages $162,311
28.2%
Assets/Debt
Total Assets $951,688
Total Liabilities $99,714
Net Assets $851,974
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Secretary/Executive Direct) $141,077 $0 $39,805
Edwin J Butterfoss (Director) $0 $0 $0
Lynn M Bynum (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
Arthur J Fritz Jr (Director) $0 $0 $0
Barbara Fritze (Director) $0 $0 $0
Susan Jurow (Director) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Howard D Saperston (Chairman) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$572,825
Expenses
$525,802
Net Income
$47,023
Net Assets
$871,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $547,935
95.7%
Investment Income $19,080
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,810
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,843
34.4%
Professional Fundraising Fees $0
Other Salaries and Wages $156,000
29.7%
Assets/Debt
Total Assets $962,084
Total Liabilities $90,188
Net Assets $871,896
Compensation
Key Employees and Officers Compensation Related Other
Robert D Shorb (Secretary/Executive Direct) $137,000 $0 $41,313
Edwin J Butterfoss (Director) $0 $0 $0
Lynn M Bynum (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0
Dr Sherrill Cleland (Director) $0 $0 $0
Barbara Fritze (Director) $0 $0 $0
Susan Jurow (Director) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Howard D Saperston (Chairman) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$559,425
Expenses
$539,583
Net Income
$19,842
Net Assets
$838,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $535,885
95.8%
Investment Income $18,840
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,700
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $168,637
31.3%
Professional Fundraising Fees $0
Other Salaries and Wages $154,067
28.6%
Assets/Debt
Total Assets $936,054
Total Liabilities $97,784
Net Assets $838,270
Compensation
Key Employees and Officers Compensation Related Other
Robert Shorb (Secretary/Executive Director/Ceo) $130,000 $0 $38,637
Edwin J Butterfoss (Director) $0 $0 $0
Lynn M Bynum (Director) $0 $0 $0
Dr Anthony S Caprio (Director) $0 $0 $0
Dr Sherrill Cleland (Director) $0 $0 $0
Barbara Fritze (Director) $0 $0 $0
Susan Jurow (Director) $0 $0 $0
Dr Lucie Lapovsky (Treasurer) $0 $0 $0
James M Mulanaphy (Director) $0 $0 $0
John A Palmucci (Director) $0 $0 $0
Howard D Saperston (Chairman) $0 $0 $0
Melissa J Stone (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$545,713
Expenses
$522,762
Net Income
$22,951
Net Assets
$754,868
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $525,705
96.3%
Investment Income $15,633
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,375
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $163,258
31.2%
Professional Fundraising Fees $0
Other Salaries and Wages $147,706
28.3%
Assets/Debt
Total Assets $842,365
Total Liabilities $87,497
Net Assets $754,868

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,293
Expenses
$468,116
Net Income
$17,177
Net Assets
$668,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $458,580
94.5%
Investment Income $14,147
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,841
1.6%
Net Inventory Sales $0
Other Revenue $4,725
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $159,389
34.0%
Professional Fundraising Fees $0
Other Salaries and Wages $119,126
25.4%
Assets/Debt
Total Assets $786,929
Total Liabilities $118,297
Net Assets $668,632

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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