2016-06-14T14:32:37-05:00 2015-07-31 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-08-01 521699641 THE INSTITUTE OF WORLD POLITICS INST 2024622101 1521 16TH STREET NW WASHINGTON DC 20036 LAWRENCE COSGRIFF EXECUTIVE VICE PRESIDENT 2024622101 2016-06-14 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-08-17 19:52:53Z DR JOHN LENCZOWSKI 1521 16TH STREET NW WASHINGTON DC 20036 10544792 0 X WWW.IWP.EDU X 1990 DC A GRADUATE SCHOOL OF NATIONAL SECURITY AND INTERNATIONAL AFFAIRS, DEDICATED TO DEVELOPING LEADERS WITH A SOUND UNDERSTANDING OF INTERNATIONAL REALITIES, AND THE ETHICAL CONDUCT OF STATECRAFT. 15 15 66 24 0 0 1718145 3161178 3598991 3285591 534539 518012 30141 10130 5881816 6974911 616300 406130 0 0 2993971 3471715 0 0 632484 2161877 1763962 5772148 5641807 109668 1333104 5455031 6357698 1348399 1161053 4106632 5196645 THE INSTITUTE OF WORLD POLITICS IS A GRADUATE SCHOOL OF NATIONAL SECURITY AND INTERNATIONAL AFFAIRS, DEDICATED TO DEVELOPING LEADERS WITH A SOUND UNDERSTANDING OF INTERNATIONAL REALITIES AND THE ETHICAL CONDUCT OF STATECRAFT. 0 0 2296218 406130 3285591 THE INSTITUTE OFFERS THREE MA DEGREES IN ITS MASTER'S DEGREE PROGRAM, EIGHT CERTIFICATES OF GRADUATE STUDY, AND A CONTINUING EDUCATION PROGRAM, ALL WITH A PROFESSIONAL CURRICULUM COVERING THE VARIOUS ELEMENTS OF STATECRAFT. THIS CURRICULUM IS BASED UPON AN INTERDISCIPLINARY FOUNDATIONAL COURSE OF STUDY THAT INCLUDES RELEVANT ELEMENTS OF COMPARATIVE POLITICAL CULTURE, WESTERN MORAL PRECEPTS, PRACTICAL POLITICAL ECONOMICS, AND POLITICAL AND DIPLOMATIC HISTORY. 1080248 THE INSTITUTE HAS A PROGRAM OF EDUCATIONAL AND OCCUPATIONAL COUNSELING FOR ITS STUDENTS FROM VARIOUS PEOPLE ASSOCIATED WITH THE INSTITUTE, INCLUDING THE FACULTY CHAIRMAN, THE ADMISSIONS COORDINATOR, AND OTHER FACULTY MEMBERS. THE INSTITUTE ASSISTS ITS STUDENTS WITH FINDING EMPLOYMENT OPPORTUNITIES, PARTICULARLY THOSE IN THE FOREIGN AFFAIRS AND NATIONAL SECURITY FIELDS. 298314 THE LIBRARY OFFERS SERVICES TO SUPPORT THE INSTITUTES CURRICULUM AND EXPAND STUDENTS LEARNING OUTSIDE THE CLASSROOM BY PROVIDING ACCESS TO OUR PRINT COLLECTIONS, ELECTRONIC SUBSCRIPTIONS, AS WELL AS ACCESS TO PARTNER LIBRARIES. 3674780 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO DC IL MA MD MI NJ NH NV NY OH OK OR RI SC WA OK OR PA RI SC TN UT VA WA WV WI X X ELAINE J PINDER 2024622101 1521 16TH STREET NW WASHINGTON DC 20036 OWEN T SMITH CHAIR 1.00 X X 0 0 0 JOHN LOVEWELL VICE-CHAIR 1.00 X X 0 0 0 TIDAL MCCOY SECRETARY/TREASURER 1.00 X X 0 0 0 LARRY COSGRIFF TRUSTEE 1.00 X 0 0 0 CARLOS FONTS SNR TRUSTEE 1.00 X 0 0 0 COLIN MCINTOSH TRUSTEE 1.00 X 0 0 0 GEN JOHN NICHOLSON TRUSTEE 1.00 X 0 0 0 EDWARD F REILLY TRUSTEE 1.00 X 0 0 0 JOSEPH REYES TRUSTEE 1.00 X 0 0 0 RADM DAVID ROGERS TRUSTEE 1.00 X 0 0 0 FRANCIS RYAN TRUSTEE 1.00 X 0 0 0 PETER SCHAUMBER TRUSTEE 1.00 X 0 0 0 BARRY SULLIVAN TRUSTEE 1.00 X 0 0 0 WILLIAM WEBSTER TRUSTEE 1.00 X 0 0 0 ALDONA WOS TRUSTEE 1.00 X 0 0 0 JOHN LENCOWSKI PRESIDENT 40.00 X 196634 0 22188 NOAH RUDOLPH EVP 40.00 X 147137 0 24166 ELAINE PINDER CFO 40.00 X 126251 0 14514 DAVID GLANCY PROFESSOR 40.00 X 120278 0 8235 MAREK CHODAKIEWICZ PROFESSOR 40.00 X 116678 0 9596 JOHN TSAGRONIS PROFESSOR 40.00 X 126541 0 29584 JOSEPH WOOD PROFESSOR 40.00 X 141318 0 0 JOHN TIERNEY PROFESSOR 40.00 X 137412 0 9598 1112249 0 117881 9 0 1 0 CASE CONSULTING SERVICES 9912 GEORGETOWN PIKE STE 202C GREAT FALLS VA 22066 MGT & DEV SUPPORT 146385 GRANT THORNTON 757 THIRD AVE 9TH FLOOR NEW YORK NY 10017 EXTERNAL AUDITING 144313 ERESOURCES 7 EAST SILVER SPRING BLVD STE 202 OCALA FL 34470 IT SUPPORT 126263 YOUR PART-TIME CONTROLLER 1500 WALNUT ST STE 1200 PHILADELPHIA PA 19102 ACCOUNTING SUPPORT 122929 4 3161178 519 3161178 TUITION FEES 900099 3207966 3207966 STUDENT FEES 611710 77625 77625 3285591 64551 64551 4023342 3569881 453461 453461 453461 OTHER INCOME 900099 10130 10130 10130 6974911 3285591 0 528142 406130 406130 560383 365022 143440 51921 2421378 1629987 555325 236066 41028 20790 19222 1016 231372 115268 98339 17765 217554 150522 44059 22973 23528 19042 4486 139819 139819 20019 20019 233947 118986 11228 103733 37182 37050 132 160122 93395 31583 35144 33765 23203 6532 4030 549879 379169 116376 54334 63306 22928 17635 22743 175853 109384 8618 57851 39945 39945 87997 60390 18725 8882 41009 24165 13342 3502 PUBLICATIONS & SUBSCRIP 94482 91398 1229 1855 OTHER EXPENSES 45657 23589 17307 4761 DUES 17452 3404 12758 1290 5641807 3674780 1334543 632484 408 408 1284660 2399674 256775 65645 376909 59743 18000 68312 87135 412945 236336 223953 176609 2909089 2371963 904174 80483 70120 236442 222227 5455031 6357698 156923 63833 34197 66500 986199 897131 171080 133589 1348399 1161053 X 2187093 3168694 424134 380846 1495405 1647105 4106632 5196645 5455031 6357698 X 1333104 -253526 10435 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 3688220 155700 245650 163939 3925631 3936174 19485 525314 792753 3688220 3752351 1500 633986 451663 3936174 3167682 521050 116697 53078 3752351 3086070 27550 404062 350000 3167682 0.57170 0.41960 0.00870 0 0 7593 2964 4629 202326 171065 31261 203026 62307 140719 176609 5675 SHRS -VANGUARD S-T CORP BOND 452581 F 7385 SHRS -VANGUARD S-T GOV BOND 451593 F 904174 ANNUITY OBLIGATION 85299 CAPITAL LEASE OBLIGATION 48290 133589 X 6450524 -253526 135269 -406130 -524387 6974911 0 6974911 5370946 135269 135269 5235677 406130 406130 5641807 PART III, LINE 4: THIS IS A BOOK COLLECTION DONATED BY THE BOARD CHAIR. THE COLLECTION BELONGED TO THE FORMER CIA DIRECTOR, WILLIAM CASEY. PART V, LINE 4: THE INSTITUTE'S ENDOWMENT IS USED TO FUND EDUCATIONAL PROGRAMS RUN BY THE INSTITUTE, AS WELL AS TO COVER THE DAY-TO-DAY EXPENSES OF OPERATION. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE INSTITUTE HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 2015 AND 2014. THE INSTITUTE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), THE INSTITUTE RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. THE INSTITUTE RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, AS INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE INSTITUTE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS ENDED JULY 31, 2012, AND PRIOR. MANAGEMENT HAS EVALUATED THE INSTITUTE'S TAX POSITIONS AND HAS CONCLUDED THAT THE INSTITUTE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENT -406,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENT 406,130. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE PUBLISHES ITS NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN ITS STUDENT CATALOG & STUDENT HANDBOOK (THE TWO ITEMS ARE COMBINED IN ONE PRINTED DOCUMENT) THE CATALOG/HANDBOOK APPEARS ON THE IWP WEBSITE IN PDF FORM AND THE FULL STATEMENT APPEARS ON THE ADMISSION PAGE OF THE WEBSITE AT HTTP://WWW.IWP.EDU/PROSPECTIVE_STUDENTS/PAGE/ADMISSIONS-POLICIES SCHEDULE E, PART I, LINE 6 THE INSTITUTE PARTICIPATES IN A FEDERAL STUDENT LOAN PROGRAM WITH THE UNITED STATES DEPARTMENT OF EDUCATION. IN FISCAL YEAR 2015, THE INSTITUTE RECEIVED $2,211,201 IN STUDENT FINANCIAL ASSISTANCE FUNDING. THIS AMOUNT IS USED TO FUND STUDENT TUITION AND REPRESENTS A FLOW-THROUGH THAT DOES NOT IMPACT THE INSTITUTE'S INCOME STATEMENT. 1 SCHOLARSHIPS 93 406130 PART I, LINE 2: THE INSTITUTE OFFERS SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE INSTITUTE. THESE SCHOLARSHIPS ARE OFFERED AS DIRECT REDUCTIONS TO TUITION COSTS AND NO FUNDS ARE REMITTED TO THE STUDENTS. SINCE THE STUDENT MAY NOT EXERCISE ANY PERSONAL DISCRETION AS TO HOW THE FUNDS ARE APPLIED, THE INSTITUTE IS NOT REQUIRED TO MONITOR THE USE OF THE FUNDS. RESEARCH FELLOWS ARE CHOSEN BASED ON THE QUALIFICATIONS IN THE AREA OF RESEARCH DETERMINED BY THE DIRECTOR OF THE CENTER FOR CULTURE AND SECURITY. GRANTS ARE AWARDED BASED ON GRANT BUDGETS AND FUNDING AVAILABILITY. ONCE GRANTS ARE AWARDED, FUNDS ARE SPENT AT THE FELLOWS DISCRETION. PERIODIC UPDATES ARE REQUIRED AS DETERMINED BY THE GRANT AGREEMENT THAT STIPULATE OUTCOMES AND DELIVERABLES. ACADEMIC FELLOWS AND STUDENTS REQUESTING SCHOLARSHIPS APPLY TO IWP, AND ARE AWARDED FELLOWSHIPS AND SCHOLARSHIPS BY THE FINANCIAL AID COMMITTEE. X X 0 0 0 0 0 0 0 0 0 JOHN LENCOWSKI PRESIDENT 195050 0 0 0 1584 0 8021 0 20959 0 225614 0 0 0 NOAH RUDOLPH EVP 146897 0 0 0 240 0 7167 0 18841 0 173145 0 0 0 JOHN TSAGRONIS PROFESSOR 126072 0 0 0 469 0 5442 0 25819 0 157802 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING FOR COMMENT AND APPROVAL. ONCE APPROVED, THE FORM 990 WAS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE OF WORLD POLITICS HAS A CONFLICT OF INTEREST POLICY IN PLACE. EVERY EMPLOYEE OF THE INSTITUTE IS REQUIRED TO COMPLY WITH THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL EMPLOYEES (INCLUDING OFFICERS, DIRECTORS AND KEY EMPLOYEES) ARE REQUIRED TO DISCLOSE ANY BUSINESS TRANSACTIONS WITH EITHER THE INSTITUTE OR WITH ANOTHER INSTITUTE EMPLOYEE. THIS POLICY OF DISCLOSURE ALSO EXTENDS TO FAMILY MEMBERS OF INSTITUTE EMPLOYEES. THE INSTITUTE EXERCISES DUE DILIGENCE WITH RESPECT TO ALL CONFLICT OF INTEREST DISCLOSURE. TO THE EXTENT ANY CONFLICT IS DISCOVERED, THE MATTER IS ADDRESSED IMMEDIATELY BY THE APPROPRIATE INSTITUTE DEPARTMENT. NO CONFLICTS WERE DISCOVERED IN THE YEAR ENDING JULY 31, 2015. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES DETERMINES THE PRESIDENT'S COMPENSATION, USUALLY IN EXECUTIVE SESSION AT ONE OF THE REGULAR SPRING OR FALL BOARD MEETINGS. AT THESE MEETINGS, THE TRUSTEES REVIEW AND DISCUSS THE PRESIDENT'S PERFORMANCE AND ANNUAL COMPENSATION. A FORMAL PROCESS WAS PUT IN PLACE ESTABLISHING AN EMPLOYMENT AGREEMENT. THE SALARY SHALL BE REVIEWED EVERY TWO YEARS AND ADJUSTED AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. THIS PROCESS HAS NOT BEEN AN ANNUAL PROCESS, BUT THE INSTITUTE IS LOOKING TO IMPLEMENT A FORMAL PROCESS THAT IS CONSISTENT AND DOCUMENTED IN THE APPROPRIATE BOARD MINUTES THE EMPLOYMENT AGREEMENT SHALL EXPIRE ON JULY 31, 2023. WITHIN THE CONTEXT OF AN APPROVED BUDGET, THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, THE VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, AND THE DEAN OF ACADEMIC AFFAIRS. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: ADJUSTMENT TO ANNUITY OBLIGATION 10,435.