2017-12-12T13:00:08-06:00 2017-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2016-07-01 362251912 Institute for the International Education of Students INST 3129441750 33 W Monroe Street 2300 Chicago IL 606035405 william j martens cfo 2017-12-12 true Nicole Bencik P00756195 3128997000 2016 2017-02-10 21:41:12Z IES Abroad Mary M Dwyer PhD 33 W Monroe Street 2300 Chicago IL 606035405 88430145 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. 18 17 169 45 0 0 825797 654631 85424275 85926515 2390877 1326523 -2574128 -2267114 86066821 85640555 3093856 4431487 0 31310447 32657413 61267 0 982555 43227336 42503716 77692906 79592616 8373915 6047939 71503149 88975099 11141428 15727501 60361721 73247598 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 more than 121 academic programs around the world. IES is comprised of a consortium of more than 240 selective colleges and universities, and enrolls more than 6,400 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 62136717 4431487 82610214 STUDY ABROAD ACADEMIC PROGRAMS: 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. OVER 6,400 STUDENTS BENEFITED FROM OUR PROGRAMS BY ENHANCING THEIR ACADEMIC AND SOCIAL GROWTH WHILE EXPANDING THEIR INTERCULTURAL COMPETENCY. THESE STUDENTS EARNED EITHER A SEMESTER OR TWO SEMESTERS WORTH OF CREDIT BY STUDYING AT ONE OF OUR 34 LOCATIONS IN THE COUNTRIES OF ARGENTINA, AUSTRALIA, AUSTRIA, CHILE, CHINA, ECUADOR, ENGLAND, FRANCE, GERMANY, IRELAND, ITALY, JAPAN, MOROCCO, NETHERLANDS, NEW ZEALAND, SOUTH AFRICA, SPAIN, UNITED STATES, AND TURKEY. 62136717 true true false false false false false false false true true true false false true true false true true true true false true false false false false false true true false false false false false false false false false false false false true true true true false false true 67 0 true 169 true false true AR AS AU BR CJ CI CH EC FR GM IN EI IT JA MO NL NZ PM SF SP UK false false false false false false false false X 18 17 false false false false false false false true true false true true true true true true true true true true false AL AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NY NC OH OK OR PA RI SC UT VA WV WI TN X WILLIAM J MARTENS 3129441750 33 W Monroe Street Ste 2300 CHICAGO IL 606035405 Debora de Hoyos Vice Chair 1.0 X X 0 0 0 James Crawford Vice Chair 1.0 X X 0 0 0 Dr Mary M Dwyer Director/President 35.0 X X 803908 0 141011 Ezio Vergani Chair 1.0 X X 0 0 0 Alan Schwartz Director 1.0 X 0 0 0 Clayton Spencer Director 1.0 X 0 0 0 Loren Anderson Director 1.0 X 0 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 0 0 0 Monica Vachher Director 1.0 X 0 0 0 Pamela Gann Director 1.0 X 0 0 0 Peter Sundman Director 1.0 X 0 0 0 Rhonda Jordan Director 1.0 X 0 0 0 Robert Brown Director 1.0 X 0 0 0 Robert McNeill Director 1.0 X 0 0 0 Sheila Stamps Director 1.0 X 0 0 0 Susan Carty Director 1.0 X 0 0 0 Dr Raynard Kington Director (Partial Year) 1.0 X 0 0 0 Dr C James Yeh Director (Partial Year) 1.0 X 0 0 0 John Gearen Director (Partial Year) 1.0 X 0 0 0 Thomas McDonald Director (Partial Year) 1.0 X 0 0 0 William Hoye EVP/Chief Operating Officer 35.0 X 451999 0 51124 William Martens VP Finance/CFO 35.0 X 289675 0 48154 Michael Steinberg EVP/Director Academic Programs 35.0 X 290700 0 36960 Daniel Summers AVP IT/Chief Information Officer 35.0 X 160450 0 40687 Keith Dipple Executive Director of Internships 35.0 X 171481 0 25674 Melissa Torres VP Academic Programs & Deputy Director 35.0 X 181221 0 21493 Michael Green AVP College Relations 35.0 X 158948 0 21366 Richard Bartecki EVP Marketing 35.0 X 322658 0 29710 2831040 0 416179 18 false true false E2 SERVICES 440 TREASURE DRIVE OSWEGO IL 60543 IT MANAGEMENT SERVICE PROVIDER 413703 CROWE HORWATH LLP 225 W WACKER DRIVE SUITE 2600 CHICAGO IL 60606 AUDITOR/TAX PREPARER 113838 2 X 654631 654631 TUITION AND FEES 900099 68667533 67613976 1053557 ROOM AND BOARD 900099 17208602 17208602 MEMBER SCHOOL FEE 900099 30100 30100 TRANSCRIPT FEE 900099 8985 8985 INSTALLMENT FEE 900099 10500 10500 795 795 0 0 85926515 802654 802654 0 0 3309089 4370 2789590 519499 4370 523869 4370 519499 Gain (loss) on Settlement of Foreign Currency Contracts 900099 -2267114 -2267114 0 0 0 0 -2267114 85640555 82610214 0 2375710 4388703 4388703 42784 42784 2145880 330339 1815541 24485784 17587218 6346849 551717 914041 561094 326658 26289 1688690 814147 779474 95069 3423018 2821693 561011 40314 288844 288844 412494 412494 28000 28000 821248 522856 288228 10164 1479638 244540 1147244 87854 1400751 832874 519354 48523 2417011 700312 1698726 17973 5434660 4838901 595759 5601848 4582756 952885 66207 266597 23571 237615 5411 917 917 313302 210946 102356 339606 64907 274699 STUDENT HOUSING & MEALS 16609913 16609913 STUDENT INSTRUCTION & TUITION 3119819 3119819 STUDENT SERVICES 2476697 2476683 14 FIELD TRIPS 631287 631287 861084 731374 96676 33034 79592616 62136717 16473344 982555 10980265 19446154 7280957 8450753 275948 303340 2398334 2215772 0 0 0 2239786 2377419 8037039 6518416 712045 1518623 32591897 38275559 13290901 15354321 0 1733016 1033158 71503149 88975099 5278461 10674744 4042611 4687555 33218 1820356 331984 11141428 15727501 X 58194188 70642313 741459 939122 1426074 1666163 60361721 73247598 71503149 88975099 X 6047939 5419200 1418738 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48799651 325279 8528605 1756922 55896613 49018888 65065 1392719 1677021 48799651 43825507 92947 6552898 1452464 49018888 41067081 136252 3084904 32607 430123 43825507 1081817 37043106 5169155 7663 2219334 41067081 0.957 0.0298 0.0132 false false 1427320 1319211 108109 4046954 3389092 657862 2562765 1810113 752652 1518623 Partnership Investments 10061923 F Hedge Funds 5292398 F 15354321 Accrued Loss on Forward Contracts 331984 331984 X 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote IES is organized and operated exclusively for educational purposes and, as such, is exempt from U.S. federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. IES London is a charity registered with the Charity Commission in the United Kingdom and, as such, is exempt from most income tax. true true true true true true true false false false false false false false false 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. true East Asia and the Pacific 7 17 Program Services EDUCATION/CURRICULUM 5186819 Europe (Including Iceland and Greenland) 20 120 Program Services EDUCATION/CURRICULUM 44173477 South America 3 14 Program Services EDUCATION/CURRICULUM 3877572 Central America and the Caribbean 0 0 Investments,Program Services EDUCATION/CURRICULUM 2168336 Middle East and North Africa 1 4 Program Services EDUCATION/CURRICULUM 677196 Central America and the Caribbean 0 0 Program Services EDUCATION/CURRICULUM 28741 Sub-Saharan Africa 1 5 Program Services EDUCATION/CURRICULUM 1233129 Sub-Saharan Africa 0 0 Grantmaking EDUCATION/CURRICULUM 32525 Central America and the Caribbean 0 0 Grantmaking GRANTMAKING 10259 32 160 0 0 32 160 57388054 0 57388054 INTERNATIONAL PARTNER UNIVERSITY SCHOLARSHIPS Sub-Saharan Africa 2 32525 Tuition credit UWI Business School of Nursing Scholarship Central America and the Caribbean 2 10259 Direct payment university true 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. 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. true Scholarships 2291 4388703 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. 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. 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 true true X X X X X false true false false false false false false false Dr Mary M Dwyer Director/President 765014 0 20000 0 18894 0 119603 0 21408 0 944919 0 0 0 William Hoye EVP/Chief Operating Officer 437425 0 10000 0 4574 0 23194 0 27930 0 503123 0 0 0 William Martens VP Finance/CFO 278313 0 10000 0 1362 0 24225 0 23929 0 337829 0 0 0 Michael Steinberg EVP/Director Academic Programs 277664 0 10000 0 3036 0 24788 0 12172 0 327660 0 0 0 Daniel Summers AVP IT/Chief Information Officer 160190 0 0 0 260 0 16198 0 24489 0 201137 0 0 0 Keith Dipple Executive Director of Internships 145705 0 24778 0 998 0 13137 0 12537 0 197155 0 0 0 Melissa Torres VP Academic Programs & Deputy Director 170946 0 10000 0 275 0 13673 0 7820 0 202714 0 0 0 Michael Green AVP College Relations 142850 0 15764 0 334 0 15324 0 6042 0 180314 0 0 0 Richard Bartecki EVP Marketing 282910 0 38393 0 1355 0 18189 0 11521 0 352368 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments The organization's President and Chief Operating Officer have their 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 and COO. The benefits were included in taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Mary M. Dwyer, President, 457(f) plan - $83,835 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, directors, 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. The chair of the Board of Directors reviews the completed conflict of interest form submitted by the President / CEO each year. Additionally, all Board Members must complete and submit an annual conflict of interest form and disclose all potential or actual conflicts of interest. 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 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 April 2017. 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 competitive market data provided by the third-party firm in 2014 was updated in April/May 2016 by IES Abroad's Associate Vice President of Human Resources following compensation review best practices including guidance provided by the third-party firm. Once approved, compensation decisions made by the Board Executive Committee for the CEO and vice presidents are presented to the full Board of Directors. Separately, 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. The full Board of Directors votes on the compensation of the President/CEO. 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: 795, Related or Exempt Function Revenue: 795, 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 - 83524; Unrealized Gain on Foreign Currency - 2293514; Net Income from Separately Reporting Entity (11/30/15-6/30/16) - -998665; Net Income from Separately Reporting Entity (7/1/16-12/6/16) - 40365; STITCHING IES AMSTERDAM SARPHATISTRAAT 644 AMSTERDAM NL 1018AV ABROAD PROG NL 3286 264173 IES INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS PTY LTD (Australia) 33 W MONROE ST STE 2300 CHICAGO IL 60603 ABROAD PROG AS 0 0 IES IES ABROAD BRASIL AV RIO BRANCO 1 ANDAR 12 CENTRO RIO DE JANEIRO BR 20.090003 981137773 ABROAD PROG BR 17 37010 IES INSTITUTE FOR INTL ED OF STUDENTS - SF (CAPE TOWN) 25 Main Road Rondebosch Western Cape SF 7700 ABROAD PROG SF 47875 372369 IES PATHWAYS GLOBAL CONSULTING (BEIJING) CO LTD 1ST FL SCHOOL OF CHINESE LANG LIT E CAMPUS BFSU 2 N XISANHUAN AVE BEIJING HAIDIAN CH 10089 981135340 ABROAD PROG CH -136 220280 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) C-54 NEETI BAGH NEW DELHI IN 110049 981135334 ABROAD PROG IN 0 27722 IES FONDAZIONE IES ABROAD ITALY LUNGOTEVERE TOR DI NONA 7 ROME IT 00186 981198420 ABROAD PROG IT 14989 1006215 IES IES ABROAD JAPAN CENTERS 1-7-1 NAKASE SCED BLDG 3F MIHAMA-KU CHIBASHI JA 2610023 981079733 ABROAD PROG JA 0 385322 IES LONDON CENTRE OF THE INST EUROPEAN STUDIES 5 BLOOMSBURY PLACE LONDON UK WC1A2QP ABROAD PROG UK 227032 1136382 IES IES ABROAD (RABAT) 89 AVENUE MOULAY ISMAIL RABATHASSAN MO 10006 ABROAD PROG MO 193 314451 IES IES NANTES ASSOCIATION 7 RUE DES CADENIERS NANTES FR 44000 ABROAD PROG FR 0 219172 IES Association IES Abroad Nice 31 AVENUE JEAN MEDECIN 3EME ETAGE NICE FR 06000 981257970 ABROAD PROG FR 0 84430 IES ASSOCIATION D'IES ABROAD-PARIS 77 RUE DAGUERRE PARIS FR 75014 ABROAD PROG FR 133 800728 IES IES FOUNDATION (QUITO ECUADOR) REPUBLICA DE EL SALVADOR Y MOSCU EDIFICIO SAN SALVADOR PISO 3 QUITO EC N34229 ABROAD PROG EC 0 191718 IES THE INST FOR THE INTL ED OF STUDENTS (SPAIN) AVENIDA DE SENECA NUMERO 4 MADRID SP 28040 ABROAD PROG SP 328 1668020 IES IES ABROAD PATHWAYS LLC 33 W MONROE ST STE 2300 CHICAGO IL 606035405 ABROAD PROG DE 0 0 IES STUDY ABROAD FOUNDATION INC 1100 WEST 42ND STREET SUITE 216 INDIANAPOLIS IN 46208 352114762 ABROAD PROG IN 501(c)(3) 7 IES true false false false true false false false false true false false false false false false false false false false Study Abroad Foundation Inc D 1505000 Book Value Prior to Merger Study Abroad Foundation Inc I 229214 FMV