2021-12-08T14:39:38-06:00 2021-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2020-07-01 362251912 Institute for the International Education of Students INST 3129441750 33 W Monroe Street 2300 Chicago IL 606035405 william j martens cfo 2021-12-08 true william j martens 999009999 Mallory Fairless P10321579 3128997000 2020 2022-09-23 18:48:47Z IES Abroad Gregory Hess PhD 33 W Monroe Street 2300 Chicago IL 606035405 17986058 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. 23 22 221 51 0 0 1929447 4630185 114431870 3278241 9231290 2503103 -3318113 2101007 122274494 12512536 6170689 70195 0 45111897 24693022 0 611270 57909084 15745036 109191670 40508253 13082824 -27995717 110695892 88627672 30129412 19351398 80566480 69276274 X 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 true 22510196 70195 3278241 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 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. 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. 22510196 true true false false false false false false true true false false false false false false true true true true true true false false false false false true true false false false false false false false false true false false false true false false false false true X 23 0 true 221 true false true AR EI IT JA AS AU MO NL NZ SF SP UK CI CH EC FR GM false false false false false false false false true false X 23 22 false false true 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 Gregory D Hess Director/President 37.5 X X 279006 0 239066 Dr Mary M Dwyer Director/President, through July 2020 37.5 X X 1274056 0 50510 James Crawford Vice Chair 1.0 X X 0 0 0 Pamela Gann Chair 1.0 X X 0 0 0 Rhonda Jordan Vice Chair 1.0 X X 470 0 0 Alan Schwartz Director 1.0 X 0 0 0 Brian Kelly Director 1.0 X 0 0 0 Debora de Hoyos Director 1.0 X 0 0 0 Dr Cecilia Conrad Director 1.0 X 0 0 0 Dr John Simon Director 1.0 X 245 0 0 Dr Kline Harrison Director 1.0 X 0 0 0 Dr Marla Salmon Director 1.0 X 0 0 0 Dr Mun Y Choi Director 1.0 X 0 0 0 Dr Nayef Samhat Director 1.0 X 0 0 0 Ezio Vergani Director 1.0 X 0 0 0 Larissa Tiedens Director 1.0 X 0 0 0 Marie Fioramonti Director 1.0 X 0 0 0 Mary Cahillane Director 1.0 X 0 0 0 Mary O'Brien Pearlman Director 1.0 X 0 0 0 Monica Vachher Director 1.0 X 0 0 0 Peter Sundman Director 1.0 X 0 0 0 Phyllis Haberman Director 1.0 X 0 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 411599 0 47050 William Martens VP Finance/CFO 37.5 X 260521 0 41736 Michael Adewumi EVP Academic Affairs & Provost 37.5 X 307982 0 133621 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 37.5 X 189972 0 202090 Daniel Summers Sr. Associate VP for CP & Internships 37.5 X 172779 0 39147 Michael Green Sr. AVP College Relations & Advising 37.5 X 183750 0 39946 Richard Bartecki EVP Marketing 37.5 X 309910 0 130410 Robert Hallworth VP & Deputy Director of Academic Programs 37.5 X 196367 0 37176 3586657 0 960752 25 false true false Campus Management Corporation 5201 Congress Avenue Suite 220 A Boca Raton FL 33487 IT services 562426 Unit4 Education Solutions Inc 14567 North Outer Forty Road Suite 125 Chesterfield MO 63017 IT services 522497 Ntirety PO Box 208381 Dallas TX 75320 IT services 506709 FFW LLC 116 Village Boulevard Suite 303 Princetion NJ 08540 Web services 240928 SalesForce 50 Fremont Suite 300 San Francisco CA 94105 IT services 20000 12 3413539 1216646 98348 4630185 TUITION AND FEES 611110 3063460 3063460 ROOM AND BOARD 611710 208874 208874 TRANSCRIPT FEE 611710 5682 5682 225 225 0 0 3278241 1337922 1337922 0 0 6638703 5473522 1165181 0 1165181 1165181 Gain (loss) on Settlement of Foreign Currency Contracts 900099 2101007 2101007 0 0 0 0 2101007 12512536 3278241 0 4604110 70195 70195 3080021 417239 2662782 15079037 9210805 5593486 274746 636715 284585 352130 3091624 1047002 1884380 160242 2805625 2180330 605413 19882 361870 361870 405764 405764 50000 50000 734997 19843 686759 28395 1425733 43971 1315807 65955 669241 389825 261613 17803 3468290 2060090 1369402 38798 5303386 4671968 631418 -62738 -79655 18792 -1875 100116 32268 67770 78 172568 133386 39182 509118 403143 105975 512467 78032 434435 Student Instruction and Tuiton 580045 577124 2921 Corporate taxes 575584 477589 92567 5428 Student Housing & Meals 327248 327248 Student Services 291136 51709 239427 320211 113499 204894 1818 40508253 22510196 17386787 611270 40729783 19846440 18658885 8461339 352189 444016 2563169 1944967 0 0 0 0 1208761 1286731 10221267 9234088 1443714 987179 39279681 55596822 6087802 0 371908 60178 110695892 88627672 26276561 13355089 133086 860089 0 0 3136220 5136220 583545 0 30129412 19351398 X 76411006 63686248 4155474 5590026 80566480 69276274 110695892 88627672 X -27995717 5131120 11574391 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3803285 404089 -84193 47294 4075887 63129030 655272 -59538046 442971 3803285 61199931 608848 3664704 2344453 63129030 55896613 735690 6649178 2081550 61199931 48799651 325279 8528605 1756922 55896613 0.5792 0.4208 false false 1542731 1457262 85469 5498695 4652098 846597 3179841 3124728 55113 987179 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 PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE SAME MEANS THAT IT ADVERTISES ITS PROGRAMS TO STUDENTS, the organization's WEBSITE. In addition to the organization's website, IES publicizes this policy at STUDY ABROAD FAIRS and through DIRECT COMMUNICATIONS WITH STUDENTS,UNIVERSITIES' STUDY ABROAD OFFICES AND CONSORTIUM MEMBERS. IES DOES NOT ADVERTISE THROUGH NEWSPAPER OR BROADCAST MEDIA. HENCE, WE DO NOT PUBLICIZE OUR RACIALLY NONDISCRIMINATORY POLICY THROUGH THIS MEANS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Due to the Covid-19 economic collapse, IES received domestic and foreign government grants to support foreign employee compensation. true East Asia and the Pacific 11 39 Program Services EDUCATION/CURRICULUM 2138657 Europe (Including Iceland and Greenland) 19 113 Program Services EDUCATION/CURRICULUM 12619442 South America 3 12 Program Services EDUCATION/CURRICULUM 708818 Middle East and North Africa 1 2 Program Services EDUCATION/CURRICULUM 175984 Sub-Saharan Africa 1 3 Program Services EDUCATION/CURRICULUM 522318 35 169 0 0 35 169 16165219 0 16165219 0 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds During this past fiscal year, due to the Covid-19 shut down, there were no grants awarded. However, under normal operations and in-person student attendance the following would have occurred: 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 During this past fiscal year, due to the Covid-19 shut down, there were no grants awarded. However, under normal operations and in-person student attendance the following would have occurred: 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. true Scholarships Awarded to Students 118 70195 Schedule I, Part III, Column (b) Scholarships awarded to students 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. 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. X X true true X X X X X false true false false false false false false false Dr Mary M Dwyer Director/President, through July 2020 699929 0 0 0 574127 0 27613 0 22897 0 1324566 0 555113 0 Dr Gregory D Hess Director/President 276930 0 0 0 2076 0 215332 0 23734 0 518072 0 0 0 William Hoye EVP/CHIEF OPERATING OFFICER 407441 0 0 0 4158 0 12205 0 34845 0 458649 0 0 0 William Martens VP Finance/CFO 257232 0 0 0 3289 0 7806 0 33930 0 302257 0 0 0 Michael Adewumi EVP Academic Affairs & Provost 302759 0 0 0 5223 0 121863 0 11758 0 441603 0 0 0 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 182853 0 6048 0 1071 0 178011 0 24079 0 392062 0 0 0 Daniel Summers Sr. Associate VP for CP & Internships 171879 0 0 0 900 0 5118 0 34029 0 211926 0 0 0 Michael Green Sr. AVP College Relations & Advising 163145 0 19250 0 1355 0 6197 0 33749 0 223696 0 0 0 Richard Bartecki EVP Marketing 263275 0 43816 0 2819 0 111164 0 19246 0 440320 0 0 0 Robert Hallworth VP & Deputy Director of Academic Programs 194652 0 0 0 1715 0 4668 0 32508 0 233543 0 0 0 Schedule J, Part I, Line 1a Travel for companions Due to Covid shutdown, there was no executive travel in the fiscal year. However, we have a policy for non-board member guests of board members, IES paid for all associated additional expenses for guests of board members. The non-board member cost of the events was included on a 1099 issued to each respective IES Board member for the 2020 calendar year. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Prior to retirement, the President of the organization had her own supplemental long term disability insurance for which IES reimbursed her. The organization also paid the tax attributable to the reimbursement. The benefit was included in taxable compensation. Since her retirement, and in accordance with her contract, she receives reimbursement for the personal tax liability resulting from the taxable portion of her spouse's post-employment health benefit. This is included in taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan 457(f) plan accruals for fiscal year (except where noted) for: Gregory Hess, President - $215,332; Mary M. Dwyer, President - $555,113 (payout); Richard Bartecki, EVP Marketing - $103,359; Amber Nikolaidis, VP Strategy New Business Initiatives - $172,265; Michael Adewumi, EVP Academic Affairs/Provost - $114,844. X 8 98348 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 III, Line 3 Significant changes in program services In response to the pandemic declaration, IES required all students to return home and ceased all in-person programming. IES suspended its Summer 2020, Fall 2020, and Winter/Spring 2021 schedule programs. For the following fiscal year, partial enrollment resumed in Summer 2021 (which bridges fiscal years), with Fall at roughly 38% of the Fall 2019 (the last normal operating session). Additionally, Spring 2022 is projected to be near normal operating levels. Nevertheless, for the currently reported fiscal year, these disruptions in normal operations have resulted in a decrease of tuition and fee revenue. As a result, IES has made efforts to reduce its operating expenses, including a reduction in personnel and continued negotiation of vendor contracts. 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 4 Significant changes to organizational documents During the year, the organization made changes to it bylaws, as follows: -DIRECTORS TERMS CAN BE FOR A DURATION OR 3 OR 4 YEARS RATHER THAN JUST 3 YEARS, SUBJECT TO BOARD GOVERNANCE COMMITTEE APPROVAL. -BOARD COMMITTEE TERMS WERE INCREASED TO 2 YEARS FROM 1 YEAR. Form 990, Part VI, Line 11b Review of form 990 by governing body Pertinent 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 staff 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 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's Officers and key employees, which include its vice presidents, the President & CEO, and other officers, annually. The Board Executive Committee is comprised of the elected Board Chair, the two elected Vice Chairs, three other board members who serve on the Board Executive Committee along with the President/CEO. The Executive Committee reviews the external compensation information described in the following paragraphs to set compensation. The President/CEO recuses himself or herself from any discussions regarding the setting of his or her own compensation. At least every 3 years, IES Abroad retains an independent, outside compensation review firm to evaluate the compensation of the company's Vice Presidents, the President & CEO and the Officers' compensation. The independent firm uses market compensation studies, surveys and other resources to compare the compensation of IES Abroad's President & CEO, vice presidents and officers with positions 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 market 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 President & 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 is 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 and submits it 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 Return of check fee - Total Revenue: 225, Related or Exempt Function Revenue: 225, 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 - -33727; Unrealized Gain on Foreign Currency - 271815; Other Post Employment Benefits Prior Service Costs - -432414; Other Post Employment Benefits amortization prior year service costs - -24992; Other Post Employment Benefits actuarial gain (loss) - 11793709; STITCHING IES AMSTERDAM ABROAD PROG NL 321534 298703 IES INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS PTY LTD (Australia) 86 Starkey Street Forestville NSW AS 2087 ABROAD PROG AS 77175 9706 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 1272 42918 IES PATHWAYS GLOBAL CONSULTING (BEIJING) CO LTD 4052 Area F 46 En Ji Zhuang BEIJING HAIDIAN CH 100036 981135340 ABROAD PROG CH 13601 175231 IES SOCIETY FOR THE INTL ED OF STUDENTS (DELHI) 2nd Floor KLJ Tower North B-5 Distr Ctr Netaji Subhash Pl Wazirpur NEW DELHI IN 110034 ABROAD PROG IN 0 221 IES IES ABROAD INDIA PRIVATE LIMITED (IES INDIA) 2nd Floor KLJ Tower North B-5 Distr Ctr Netaji Subhash Pl Wazirpur New Delhi IN 110034 981135334 ABROAD PROG IN 0 0 IES FONDAZIONE IES ABROAD ITALY 981198420 ABROAD PROG IT 340502 1243255 IES IES ABROAD JAPAN CENTERS 981079733 ABROAD PROG JA 245624 -5369 IES LONDON CENTRE OF THE INST EUROPEAN STUDIES ABROAD PROG UK 631827 278370 IES IES ABROAD (RABAT) ABROAD PROG MO 2821 36505 IES IES NANTES ASSOCIATION ABROAD PROG FR 140601 48635 IES Association IES Abroad Nice 981257970 ABROAD PROG FR 113247 23345 IES ASSOCIATION D'IES ABROAD-PARIS ABROAD PROG FR 765354 472560 IES IES FOUNDATION (QUITO ECUADOR) ABROAD PROG EC 8435 11095 IES THE INST FOR THE INTL ED OF STUDENTS (SPAIN) ABROAD PROG SP 87811 1170586 IES IES ABROAD PATHWAYS LLC 33 W MONROE ST STE 2300 CHICAGO IL 606035405 ABROAD PROG DE 0 0 IES