Well Burma Inc

Nonprofit profile at a glance

EIN
923679388
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Baltimore, MD, USA
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$294,242
Expenses
$271,588
Assets
$24,644
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Han Zaw Latt (President)
  • Wai Yan Aung (Vice President)

People named in this filing

  • Han Zaw Latt (President)
  • Wai Yan Aung (Vice President)
  • Aung Khant Pyae (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provides K-12 education, GED preparation, language and digital literacy classes, and humanitarian relief to communities in Myanmar and Thailand.

What it reported doing in 2025

Well Burma owns and operates New Generation Myanmar (NGM), a K-12 synchronous virtual school registered in the state of Florida, US. The school provides a K-12 curriculum, GED training, language classes, and coding classes, among other supplemental professional and personal development programs to students across Myanmar and Thailand. The NGM project started in 2024 and has since educated over 3,200 unique Myanmar students. NGM's K-12 program operates two cohorts with offset starting dates (Mar-Dec and Jun-Mar); those cohorts enrolled 1,292 students in 2025. Full K-12 tuition is 100,000 Myanmar kyat per month per student, and tuition is set on a sliding scale according to each family's circumstances. In 2025, 152 students paid the full rate, 962 students paid a reduced rate under a partial scholarship, and 76 students received a complete fee waiver. Tuition assistance totaled approximately 277,000,000 MMK (roughly $93,000), or about 28% of tuition valued at the full rate. NGM K-12 operates at 6 hours of instruction per day and 5 days per week, totaling 188 annual days of instruction per cohort. NGM employs over 100 full-time and part-time teaching and administrative staff residing in Myanmar. Teachers receive bi-weekly professional development training and instructional support, including power banks, internet, and access to online education platforms. All students and teachers at NGM have free access to Canva, Adobe Express, and Google Workspace tools.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 75
  • Accountability: 88
  • Sustainability: 43
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.3%; rating input score 92
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.7%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 92.3% of revenue deployed · 99.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $271K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes foreign activity
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Sustainability: Operating margin scored 52/100.