2021-02-09T09:30:23-06:00 2020-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-07-01 362251912 Institute for the International Education of Students INST 3129441750 33 W Monroe Street 2300 Chicago IL 606035405 william j martens cfo 2021-02-09 true Nicole Bencik P00756195 3128997000 2019 2022-09-23 18:48:47Z IES Abroad Gregory Hess PhD 33 W Monroe Street 2300 Chicago IL 606035405 207829475 false X www.iesabroad.org X 1953 IL The Institute for the International Education of Students (IES) educates students to become global leaders through premier study abroad and internship programs, which offer students worldwide experiential learning opportunities that meet the highest standards of academic quality. 21 20 245 49 0 0 998267 1929447 115616487 114431870 2394888 9231290 -1868583 -3318113 117141059 122274494 5929909 6170689 0 43504039 45111897 6873 0 1107040 61706415 57909084 111147236 109191670 5993823 13082824 104407947 110695892 28787685 30129412 75620262 80566480 The Institute for the International Education of Students (IES) blends the best elements of foreign higher education with American University requirements and encourages students to explore the unique elements of foreign countries. IES Abroad was founded in 1950 and is a global organization with academic programs around the world. IES is comprised of a consortium of selective colleges and universities, and enrolls more than 10,500 students annually in programs across Africa, Asia, Australia, New Zealand, Europe, South America, and North America. IES offers broad-based curriculum promoting students' academic growth and intercultural competence and academic goals. false false 82785579 6170689 114435515 The Institute for the International Education of Students ("IES") was founded in 1950 and is a global organization with academic programs around the world. IES is a consortium comprised of selective U.S. colleges and universities and enrolls over 9,000 students annually in programs across Africa, Asia, Australia, New Zealand, Europe, South America, and North America. IES offers a broad-based curriculum that encompasses business and international studies; communications and media; fine and performing arts; humanities; science, engineering, and health; and social and behavioral sciences. IES strives to provide students the opportunity to promote their academic and social growth while fostering specific skills that lead to the development of intercultural understanding. Recognizing that some of the most challenging opportunities in study abroad can be found outside the classroom, IES offers extensive internship, field study, volunteer, and cultural programs designed to complement the students' academic course work and cultivate an appreciation of cultures other than a student's own. IES Abroad educates students to become global leaders through premier study abroad and internship programs, which offer students worldwide experiential learning opportunities that meet the highest standards of academic quality. The Study Abroad Foundation ("SAF"), a branch of IES, located in Indianapolis, IN, facilitates foreign (China, Taiwan, Japan, and Korea) college-age students to enroll directly at premier universities and colleges located in Australia, Canada, France, Germany, Ireland, Italy, Korea, Mainland China, New Zealand, Spain, Switzerland, the United Kingdom, and the United States. 82785579 true true false false false false false false true true true false false true false false true true true true true true false true false false false true true false false false false false false false false true false false false true false false false false true X 134 0 true 245 true false true IN AR EI IT JA AS AU MO NL NZ SF SP UK CI CH EC FR GM false false true true true true false false false false false false X 21 20 false false false false false false false true true false true true true true true true true true true true false CA CO CT FL GA AL HI IL KS KY ME MD MA MI MN MS NH NJ NY NC OH OR PA RI SC TN UT VA AR WV WI X WILLIAM J MARTENS 3129441750 33 W Monroe Street Ste 2300 CHICAGO IL 606035405 Dr Mary M Dwyer Director/President 37.5 X X 878787 0 151266 James Crawford Vice Chair 1.0 X X 356 0 0 Pamela Gann Chair 1.0 X X 560 0 0 Rhonda Jordan Vice Chair 1.0 X X 541 0 0 Alan Schwartz Director 1.0 X 627 0 0 Brian Kelly Director 1.0 X 0 0 0 Cecilia Conrad Director 1.0 X 0 0 0 Debora de Hoyos Director 1.0 X 425 0 0 Dr John Simon Director 1.0 X 582 0 0 Ezio Vergani Director 1.0 X 0 0 0 Kline Harrison Director 1.0 X 0 0 0 Larissa Tiedens Director 1.0 X 0 0 0 Marie Fioramonte Director 1.0 X 1789 0 0 Marla Salmon Director 1.0 X 0 0 0 Mary Cahillane Director 1.0 X 0 0 0 Mary O'Brien Pearlman Director 1.0 X 1750 0 0 Monica Vachher Director 1.0 X 307 0 0 Peter Sundman Director 1.0 X 2423 0 0 Phyllis Haberman Director 1.0 X 596 0 0 Robert Browne Director 1.0 X 0 0 0 Sheila Stamps Director 1.0 X 0 0 0 William Hoye EVP/CHIEF OPERATING OFFICER 37.5 X 493999 0 52106 William Martens VP Finance/CFO 37.5 X 313727 0 53014 Adewumi Michael EVP Academic Affairs & Provost 37.5 X 400448 0 59638 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 37.5 X 249334 0 214776 Keith Dipple Sr. Associate VP for CP & Internships 37.5 X 209975 0 31535 Michael Green Sr. AVP College Relations & Advising 37.5 X 212244 0 43524 Richard Bartecki EVP Marketing 37.5 X 352107 0 169970 Robert Hallworth VP & Deputy Director of Academic Programs 37.5 X 237098 0 40437 3357675 0 816266 42 false true false SAF Japan Shinjuku I-Land Tower 7F No 1578 Tokyo Nishi-Shinjuku JA 1631307 STUDENT RECRUITER 854451 Campus Management Corporation 5201 Congress Avenue Suite 220 A Boca Raton FL 33487 IT CONSULTING 741119 Acumen Solutions 8280 Greensboro Drive Suite 400 McLean VA 22102 IT SERVICES 607784 E-gineering LLC 8415 Allison Pointe Blvd Suite 200 Indianapolis IN 46250 IT SERVICES 585222 Unit4 Education Solutions Inc 14567 North Outer Forty Road Suite 125 Chesterfield MO 63017 IT CONSULTING 516304 22 35500 778245 1115702 27382 1929447 TUITION AND FEES 611110 93431341 93431341 ROOM AND BOARD 611710 20943633 20943633 MEMBER SCHOOL FEE 611710 30100 30100 TRANSCRIPT FEE 611710 9206 9206 INSTALLMENT FEE 611710 16500 16500 1090 1090 0 0 114431870 1466876 1466876 0 0 93306664 85542250 7764414 0 7764414 7764414 11236 35500 12731 -1495 -1495 Gain (loss) on Settlement of Foreign Currency Contracts 900099 -3320263 -3320263 3645 3645 0 0 -3316618 122274494 114435515 0 5909532 6106915 6106915 63774 63774 2294048 406779 1887269 32632366 22741887 9344164 546315 1672925 726878 911905 34142 3923281 1516206 2186931 220144 4589277 3785473 764608 39196 565967 565967 444208 444208 49792 49792 1260179 627050 622795 10334 2028152 261247 1657312 109593 1542831 881082 623755 37994 6029257 3855657 2137369 36231 6390168 5609249 780919 5195537 4227636 923745 44156 559312 107035 434218 18059 45094 35429 9665 825283 361459 463824 435837 68419 367418 Student Housing & Meals 22210509 22210509 Student Instruction and Tuiton 4949803 4938856 10947 Student Services 2364822 2364793 29 Staff Recruiting 771199 91646 679553 2241134 1797600 432658 10876 109191670 82785579 25299051 1107040 24907378 40729783 6361752 18658885 430878 352189 5017107 2563169 0 0 0 0 3354624 1208761 9857277 8413563 1828246 1443714 52815152 39279681 9680961 6087802 0 0 11849 371908 104407947 110695892 21499904 26276561 5606975 133086 0 0 10623 3136220 1670183 583545 28787685 30129412 X 71681562 76411006 3938700 4155474 75620262 80566480 104407947 110695892 X 13082824 -9167397 1030791 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63129030 655272 -59538046 442971 3803285 61199931 608848 3664704 2344453 63129030 55896613 735690 6649178 2081550 61199931 48799651 325279 8528605 1756922 55896613 49018888 65065 1392719 1677021 48799651 0.0 0.7175 0.2825 false false 1454677 1360092 94585 5224684 4157390 1067294 2909135 2645184 263951 268781 250897 17884 1443714 Partnership Investments 6087802 F 6087802 Accrued Loss on Forward Contracts 583545 583545 Schedule D, Part V Change in Board Designated Restriction In response to the Covid-19 curtailment of student travel abroad, the board of trustees rescinded the board designations of net assets to sustain the company during this period of dormancy. Schedule D, Part V, Line 4 Intended uses of endowment funds The purpose of the endowment fund is to facilitate donors' desires to make substantial long-term gifts to IES. In so doing, the endowment fund will provide a secure, long-term source of funds to fund student scholarships. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY IES does not advertise through newspaper or broadcast media. Hence, we do not publicize our racially nondiscriminatory policy through this means. However, IES does publicize its racially nondiscriminatory policy through the same means that it advertises its programs to students: website, study abroad fairs, direct communications with students, universities' study abroad offices and consortium members. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Due to the Covid-19 economic collapse, IES received foreign government grants to support foreign employee compensation. true East Asia and the Pacific 9 43 Program Services EDUCATION/CURRICULUM 5199819 Europe (Including Iceland and Greenland) 19 168 Program Services EDUCATION/CURRICULUM 59909724 South America 3 14 Program Services EDUCATION/CURRICULUM 2836102 Middle East and North Africa 1 4 Program Services EDUCATION/CURRICULUM 849739 Sub-Saharan Africa 1 7 Program Services EDUCATION/CURRICULUM 2692550 Central America and the Caribbean 0 0 Grantmaking GRANTMAKING 4894 Europe (Including Iceland and Greenland) 0 0 Grantmaking GRANTMAKING 33880 East Asia and the Pacific 0 0 Grantmaking GRANTMAKING 25000 33 236 0 0 33 236 71551708 0 71551708 0 0 INTERNATIONAL PARTNER UNIVERSITY SCHOLARSHIPS Europe (Including Iceland and Greenland) 1 16270 Direct credit to invoice Book UWI Business School of Nursing Scholarship Central America and the Caribbean 1 4894 Grant made to University Book DIRECT CASH ASSISTANCE TO STUDENT INTERN Europe (Including Iceland and Greenland) 26 4190 Direst payment of cash Book DIRECT CREDIT TO ASIAN STUDENTS East Asia and the Pacific 10 25000 CREDIT REDUCTION OF STUDENT INVOICE Book Direct payment to Foreign University Europe (Including Iceland and Greenland) 2 13420 Direct payment to University Book false false true false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds One of IES' Scholarships was offered to an IES Abroad partner institution located in one of our study abroad locations. This scholarship has been negotiated with the foreign institution as part of IES Abroad's master agreements with them and is used by students from the partner institution to attend an IES Abroad program in another of our foreign locations. The scholarships cover all program fees and are directly credited to the students' accounts. One foreign center pays a foreign university directly to cover students' tuition. One center awarded grants directly to student interns to help defray cost of mentoring students in foreign location. Direct electronic payments are made to foreign students to defray costs of education costs for attending direct enrollment programs in another country. The direct enrollment programs are sold by our office. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS One of IES' Scholarships was offered to an IES Abroad partner institution located in one of our study abroad locations. This scholarship has been negotiated with the foreign institution as part of IES Abroad's master agreements with them and is used by students from the partner institution to attend an IES Abroad program in another of our foreign locations. The scholarships cover all program fees and are directly credited to the students' accounts. One foreign center pays a foreign university directly to cover students' tuition. One center awarded grants directly to student interns to help defray cost of mentoring students in foreign location. Direct electronic payments are made to foreign students to defray costs of education costs for attending direct enrollment programs in another country. The direct enrollment programs are sold by our office. Film Festival 46736 35500 11236 3300 8360 1071 0 0 46736 35500 11236 3300 8360 1071 12731 -1495 true Scholarships Awarded to Students and Faculty 3407 6106915 Book Schedule I, Part III, Column (b) Scholarships awarded to students and faculty Awards are given to U.S. students or U.S. schools in the form of grants or scholarships for the express purpose of studying abroad through one of IES' study abroad programs. Some scholarships have been negotiated with various partner institutions as part of our master agreement with them and are used by students from the partner institution to attend a U.S. University. IES awards fellowships to foreign faculty to perform research in the United States. The recipients are provided a stipend and IES directly pays for all travel costs. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Awards are given to U.S. students or U.S. schools in the form of grants or scholarships for the express purpose of studying abroad through one of IES' study abroad programs. Grants and scholarships are awarded to students via a direct reduction in their billed tuition for the term under which the grant or scholarship applies. The use of these grants and scholarships is limited in that monies can only be applied to tuition costs related to the specific IES program a recipient is enrolled in. When IES provides a student with any other grant or assistance for travel expenses related to one of its study abroad programs, the recipient would be required to provide IES with substantiation to ensure the funds were used for the intended purpose. Other scholarships have been negotiated with various partner institutions as part of our master agreement with them and are used by students from the partner institution to attend a U.S. University. IES Abroad pays directly, all the costs of tuition, room and board, and student activities. IES awards fellowships to foreign faculty to perform research in the United States. The recipients are provided a stipend and IES directly pays for all travel costs. X X X X X true true X X X X X false true false false false false false false false Dr Mary M Dwyer Director/President 859847 0 0 0 18940 0 134527 0 16739 0 1030053 0 0 0 William Hoye EVP/CHIEF OPERATING OFFICER 490031 0 0 0 3968 0 26600 0 25506 0 546105 0 0 0 William Martens VP Finance/CFO 310258 0 0 0 3469 0 26600 0 26414 0 366741 0 0 0 Adewumi Michael EVP Academic Affairs & Provost 363979 0 20000 0 16469 0 50771 0 8867 0 460086 0 0 0 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 223576 0 24750 0 1008 0 195049 0 19727 0 464110 0 0 0 Keith Dipple Sr. Associate VP for CP & Internships 200687 0 7175 0 2113 0 17420 0 14115 0 241510 0 0 0 Michael Green Sr. AVP College Relations & Advising 190102 0 21000 0 1142 0 21090 0 22434 0 255768 0 0 0 Richard Bartecki EVP Marketing 317085 0 31597 0 3425 0 157243 0 12727 0 522077 0 0 0 Robert Hallworth VP & Deputy Director of Academic Programs 235719 0 0 0 1379 0 18413 0 22024 0 277535 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Uncompensated board directors are required to fly economy class on behalf of the organization. IES does allow for business-class travel of a board member when required for health reasons as prescribed in writing by a licensed physician if business class is unavailable in that market, first-class may be substituted. Also, first-class fares are permitted when there is no fare difference between first-class and coach fare or there are limited flight options and there is no fare difference between first-class and business-class. Schedule J, Part I, Line 1a Travel for companions For non-board member guests of board members, IES paid for company-sponsored cultural events that the group attended. The non-board member cost of the events was included on a 1099 issued to each respective IES Board member for the 2019 calendar year. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments The organization's President has her own supplemental long term disability insurance for which IES reimburses them. The organization then pays the tax attributable to the reimbursement on behalf of the organization's President. The benefit was included in taxable compensation. Schedule J, Part I, Line 1a Housing allowance or residence for personal use EVP Academic Affairs, Provost received reimbursement for housing and moving costs. It was included on the W2 as taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The President was reimbursed for travel clubs and the amount was included on the W2 as taxable compensation. The EVP Academic Affairs, Provost was reimbursed for club membership and included on the W2 as taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan 457(f) plans for: Mary M. Dwyer, President - $96,619 Richard Bartecki, EVP Marketing - $130,643 Amber Nikolaidis, VP Strategy New Business Initiatives - $172,265 Michael Adewumi, EVP Academic Affairs/Provost - $28,711 X 4 27382 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Reporting number of contributors that donated stock. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Chair of the Board of Directors, the two Vice Chairs, the President, and not more than two other Directors elected as a member of the Executive Committee by a majority of the Board of Directors. The Executive Committee shall have and exercise the authority of the Board of Directors in the management of the corporation except as limited by the provisions of the "General Not for Profit Corporation Act" of the State of Illinois or by any resolution duly adopted by the Board of Directors specifically reserving unto itself any stated acts, decisions or powers Form 990, Part VI, Line 11b Review of form 990 by governing body The appropriate members of IES management and the Chair of IES-Abroad's Audit Committee review the full form 990 in detail in conjunction with the organization's independent paid tax preparers. Subsequent to this review, a full copy of the Form 990 is distributed to each member of the Board of Directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy In accordance with IES Abroad's Conflict of Interest Policy, all officers, board members, and key employees must complete and submit an annual conflict of interest form and disclose all potential or actual conflicts of interest. The forms completed by directors are reviewed by the chair of the Governance Committee of the Board, Human Resources, and the President/CEO. The President/CEO reviews all officers' conflict of interest forms. The Human Resources Department also reviews the forms of all other key employees of IES Abroad. Additionally, the chair of the Board of Directors reviews the completed conflict of interest form submitted by the President / CEO each year. If it is discovered that a Board member has a conflict of interest during Board or committee deliberations, then the affected Board member must recuse himself or herself from the relevant issue, deliberations, and decision-making process. Other measures can occur in order to adequately manage a Board or staff member's conflicts of interest. Those measures involving Board members' conflicts can be determined by the Board Governance Committee and approved by the Board Executive Committee and the full Board as necessary. Individual conflict of interest forms completed by IES officers, key employees and Board members are placed in confidential files maintained by IES Abroad's Human Resources Department. Form 990, Part VI, Line 15a Process to establish compensation of top management official IES Abroad's Board Executive Committee, acting as the Board Compensation committee, reviews and approves the compensation of IES Abroad vice presidents and officers, annually. The Board Executive Committee is comprised of the elected board chair, the elected vice chairs, two other board members and the President/CEO. The Executive Committee reviews the external compensation information described in the following paragraphs to set compensation. The President/CEO recuses herself from any discussions regarding the setting of her own compensation. At least every 3 years, IES Abroad retains an independent, outside compensation review firm to evaluate the company's CEO, vice presidents' and officers' compensation. The independent firm uses market surveys and other resources to compare the compensation of IES Abroad's CEO, vice presidents and officers and positions to similar (or identical) positions at other organizations with similar annual revenues, similar annual budgets, comparable annual enrollments, comparable numbers of employees, and comparable levels and complexities of job responsibilities, in order to establish a benchmark for reasonable compensation. IES Abroad most recently retained an outside compensation review firm for a full review of the CEO's, vice president's and other officers' compensation in March, 2020. Annually in between external compensation reviews, IES reviews the performance of its CEO and each of its vice presidents and officers. Salary data for each position is aged annually based upon instructions provided in the independent third party study commissioned by IES Abroad. The Board Executive Committee recommends compensation for the President/CEO to the full Board of Directors that in turn votes on the President's/CEO's compensation on an annual basis. Compensation for all vice presidents are approved by the executive committee and presented to the full Board of Directors. Vice presidents and officers never take part in the discussions regarding the setting of their own compensation. The chair of the Board of Directors documents the above process to the department of Human Resources. Form 990, Part VI, Line 15b Process to establish compensation of other employees Please see the narrative for Form 990, Part VI, Section B, Line 15a Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 2f Other Program Service Revenue Returned check fee - Total Revenue: 1090, Related or Exempt Function Revenue: 1090, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Event fee - Total Revenue: 3645, Related or Exempt Function Revenue: 3645, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Foreign Currency Translation Adjustment - -385571; Unrealized Gain on Foreign Currency - 1446697; Other Post Employment Benefits Prior Service Costs - -432414; Other Post Employment Benefits amortization prior year service costs - 474030; Other Post Employment Benefits actuarial losss - -71951; STITCHING IES AMSTERDAM ABROAD PROG NL 62215 396381 IES INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS PTY LTD (Australia) Level 4 418A street Surry Hills NSW AS 2010 ABROAD PROG AS 40148 120546 IES IES ABROAD BRASIL 33 W Monroe Suite 2300 Chicago IL 606035405 981137773 ABROAD PROG BR 0 0 IES INSTITUTE FOR INTL ED OF STUDENTS - SF (CAPE TOWN) 24C Main Road Rosebank Western Cape SF 7700 ABROAD PROG SF -688 108622 IES PATHWAYS GLOBAL CONSULTING (BEIJING) CO LTD 4052 Area F 46 En Ji Zhuang BEIJING HAIDIAN CH 100036 981135340 ABROAD PROG CH -12877 307902 IES SOCIETY FOR THE INTL ED OF STUDENTS (DELHI) C-54 NEETI BAGH NEW DELHI IN 110049 ABROAD PROG IN 0 0 IES IES ABROAD INDIA PRIVATE LIMITED (IES INDIA) 981135334 ABROAD PROG IN 0 964 IES FONDAZIONE IES ABROAD ITALY 981198420 ABROAD PROG IT 88339 969233 IES IES ABROAD JAPAN CENTERS 981079733 ABROAD PROG JA 183974 287480 IES LONDON CENTRE OF THE INST EUROPEAN STUDIES ABROAD PROG UK 152242 315821 IES IES ABROAD (RABAT) ABROAD PROG MO -17136 50437 IES IES NANTES ASSOCIATION ABROAD PROG FR 18550 76577 IES Association IES Abroad Nice 981257970 ABROAD PROG FR 12562 110385 IES ASSOCIATION D'IES ABROAD-PARIS ABROAD PROG FR 69900 656289 IES IES FOUNDATION (QUITO ECUADOR) ABROAD PROG EC 1400 22037 IES THE INST FOR THE INTL ED OF STUDENTS (SPAIN) ABROAD PROG SP 10467 1577119 IES IES ABROAD PATHWAYS LLC 33 W MONROE ST STE 2300 CHICAGO IL 606035405 ABROAD PROG DE 0 0 IES