2013-07-02T14:09:39-05:00 2012-08-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2011-09-01 134038907 Council International Study Programs Inc (ISP) COUN 2075534000 300 Fore Street Portland ME 04101 Charissa Kerr 2075534000 2013-06-24 1 Barbara J McGuan CPA P00219457 2077752387 2013-06-24 2011 2016-02-24 21:20:13Z CIEE International James P Pellow 300 Fore Street Portland ME 04101 98387244 0 X www.ciee.org X 1999 DE The furtherance of international study programs and student and professional intercultural exchange programs. 13 13 320 13 0 0 0 0 88967126 93236815 622390 800321 0 490378 89589516 94527514 0 300446 0 0 14844213 14797183 0 0 0 72206402 77158163 87050615 92255792 2538901 2271722 66421075 75545737 33118797 40235327 33302278 35310410 To help people gain understanding, acquire knowledge, and develop skills for living in a globally interdependent and culturally diverse world. 0 0 58702349 300446 70578496 Council ISP maintains study center programs around the world, offering semester, summer and academic year programs in a variety of subject areas. These programs are jointly sponsored by the academic consortium, an association of almost 350 institutions that endorse these programs to their students. The Council also provides screening, placement, and registration assistance to students seeking to enroll in one of over 150 affiliated programs in over forty-one countries worldwide. 721177 816163 Council ISP provides professional development programs for faculty and administrators, including international faculty development seminars and an annual conference on international education which attracts over 500 participants focusing on various aspects of the field. In addition, Council ISP is part of an association of international education organizations who collectively publish the journal of studies in international education, a quarterly publication of essays and research in the field of international education. 14057121 21842156 The Organization operates various types of work and travel programs which are designed to make it possible for students to visit and become immersed in the cultures of countries other than their home country. These programs are sponsored and supported by the U.S Department of State and are related to the exempt purpose of the Organization. 73480647 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 97 0 1 320 1 0 1 UK AS JA TW GM 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X Charissa Kerr Interim CFO 2075534060 300 Fore Street Portland ME 04101 Thomas Mooney 1.00 X 0 0 0 Robert E Fallon 1.00 X X 0 0 0 Patti McGill Peterson 1.00 X 0 0 0 Neal Sobania 1.00 X 0 0 0 Michael Stohl 1.00 X 0 0 0 Kenton Keith 1.00 X X 0 0 0 Kathleen Cheek-Milby 1.00 X 0 0 0 John H Yopp 1.00 X 0 0 0 David Jones 1.00 X 0 0 0 Charles Baquet 1.00 X 0 0 0 Burch Ford 1.00 X 0 0 0 Larry Schall 1.00 X 0 0 0 Joel Gallegos 1.00 X 0 0 0 William Martens III 1.00 X 0 0 0 Kathleen Sideli 1.00 X 0 0 0 James P Pellow 40.00 X 302166 0 22769 Deanna Harnett 40.00 X 262980 0 30310 Michael VandeBerg 40.00 X 180947 0 24963 Martin Hogan 40.00 X 259281 0 31078 Elizabeth O'Neill 40.00 X 230344 0 22728 John Kitonis 40.00 X 127905 0 25801 Anna Fincke 40.00 X 129958 0 34592 Phil Simon 40.00 X 123883 0 34885 Justin O'Jack 40.00 X 114814 0 15886 Spencer Jones 40.00 X 117958 0 30555 Stevan Trooboff 40.00 X 439825 0 36890 Molly Donovan 40.00 X 134065 0 24280 Paul McLaughlin 40.00 X 162766 0 16942 2586892 0 351679 19 1 1 0 JS McCarthy 15 Darin Drive Augusta ME 04330 Marketing/Consulting Services 394021 MM Identity Lab 3836 North 50th Place Phoenix AZ 85018 Marketing/Consulting Services 231795 WinXnet PO Box 1700 Portland ME 04104 IT Services 129235 Creative Office Pavillion PO Box 845577 Boston MA 02284 Office Space Design 116380 Berry Dunn 100 Middle Street PO Box 1100 Portland ME 04101 Audit/Consulting Services 112562 8 International Study Fe 611710 92952015 92952015 Membership Fees 611710 284800 284800 93236815 593896 593896 4066155 3859730 206425 206425 206425 Foreign Exchange Gain 900099 380734 380734 Forward Contracts Exc 900099 109644 109644 490378 94527514 93236815 0 1290699 300446 300446 1367564 857464 510100 10525595 5028160 5497435 385362 172897 212465 1784278 668933 1115345 734384 408253 326131 157238 157238 105195 105195 113485 113485 245427 245427 2406304 465988 1940316 2946335 216716 2729619 754361 50543 703818 334508 334508 896769 30937 865832 726898 290229 436669 234906 234906 2489473 2489473 51042 39171 11871 Site Expenses 65587716 64950910 636806 Bad Debt 108506 108506 92255792 73480647 18775145 0 7855237 7497479 13600107 16608415 798599 631971 5020871 6500624 24569434 6720533 16627202 17848901 18837301 20360633 3681758 6097714 66421075 75545737 9270392 8824040 17196158 24911287 6652247 6500000 33118797 40235327 X 33302278 35310410 33302278 35310410 66421075 75545737 X 2271722 -263590 X X 0 1 1 X 0 X 56912983 81177755 83422165 88967126 93236815 403716844 56912983 81177755 83422165 88967126 93236815 403716844 0 0 0 403716844 872105 417065 442135 528095 593896 2853296 872105 417065 442135 528095 593896 2853296 1758019 490378 2248397 57785088 83352839 83864300 89495221 94321089 408818537 0.98750 0.98620 0.00700 0.00900 X Schedule A, Part IV, Supplemental Information: Part III, Line 12 Other Income: Foreign exchange gain 16749930 2776757 13973173 1855738 1005509 850229 2251064 1209625 1041439 3712702 1728642 1984060 17848901 Security Deposit 142866 Program Advances 3564422 Due from Affiliates 2280782 FX Contracts 109644 6097714 East Asia and the Pacific 12 50 Program Services Study abroad programs for students 8500000 Europe (Including Iceland & Greenland) 22 106 Program Services Study abroad programs for students 28100000 Middle East and North Africa 3 15 Program Services Study abroad programs for students 3400000 Russia & the Newly Independent States 1 7 Program Services Study abroad programs for students 1700000 South America 7 38 Program Services Study abroad programs for students 6600000 Sub-Saharan Africa 6 25 Program Services Study abroad programs for students 5900000 Central America and the Caribbean 7 36 Program Services Study abroad programs for students 2600000 North America 1 3 Program Services Study abroad programs for students 300000 South Asia 2 6 Program Services Study abroad programs for students 500000 Central America and the Caribbean 0 0 Investments 1975095 East Asia and the Pacific 0 0 Investments 90320 59 280 2 6 61 286 57100000 2565415 59665415 1 0 1 0 1 0 1 Global Access Initiative (GAIN) Reward - this grant was created to help students overcome major barriers to study abroad, namely costs and curriculum requirements. GAIN aids in the diversification of study abroad by providing overseas opportunities for students who are economically challenged, from diverse backgrounds, or from underrepresented fields of study. For Summer 2012, the GAIN Reward was offered. The GAIN Rewards were developed to help provide grants to further assist students who are selected as awardees by the highly respected, national Benjamin A. Gilman and David L. Boren Scholarship for International Study or the Benjamin A. Gilman International Scholarship, and have greater than $1,000 in outstanding, documented financial need. 321 300446 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Organization provides the funds to the students or directly applies them to their CIEE fees. In all instances, the work recipient is monitored throughout the year to ensure the funds are being used for their intended purposes. X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 James P Pellow 218570 0 80000 0 3596 0 9375 0 13394 0 324935 0 0 0 Deanna Harnett 172973 0 82750 0 7257 0 8667 0 21643 0 293290 0 0 0 Michael VandeBerg 130568 0 48922 0 1457 0 6929 0 18034 0 205910 0 0 0 Martin Hogan 173701 0 85250 0 330 0 8917 0 22161 0 290359 0 0 0 Elizabeth O'Neill 152264 0 77750 0 330 0 7750 0 14978 0 253072 0 0 0 John Kitonis 103918 0 23875 0 112 0 5428 0 20373 0 153706 0 0 0 Anna Fincke 98107 0 31750 0 101 0 5417 0 29175 0 164550 0 0 0 Phil Simon 97904 0 25855 0 124 0 5909 0 28976 0 158768 0 0 0 Stevan Trooboff 214267 0 175246 0 50312 0 11504 0 25386 0 476715 0 0 0 Molly Donovan 94592 0 0 0 39473 0 4500 0 19780 0 158345 0 0 0 Paul McLaughlin 121296 0 0 0 41470 0 5500 0 11442 0 179708 0 0 0 Part I, Line 1a A housing allowance of $5,000 per month was provided to the former president of the Organization per a written agreement between the former president and the Organization. The housing allowance is included in the W-2 of the former president. In certain circumstances, spouses are required to travel with applicable members of the Organization due to certain business/cultural requirements. The spouses participate in the activities of the Organization when traveling. Part I, Lines 4a-b Paul McLaughlin received $41,250 in severance pay during 2011. Molly Donovan received $39,375 in severance pay during 2011. The Former President/CEO, Stevan Trooboff, and current President/CEO, James Pellow, both participated in a supplemental non-qualified retirement plan as described in the Internal Revenue Code Section 457(f). Neither individual received or accrued any compensation from this plan in 2011. Form 990, Part VI, Section A, line 6 The sole member of the Corporation is CIEE, Inc., a Delaware corporation. Form 990, Part VI, Section A, line 7a Members of the Board of Directors of CIEE are elected by the Membership. Every member of CIEE has a voting representative. The Board nominates people to the Board and the Membership elects them via vote of the voting representatives. Form 990, Part VI, Section B, line 11 The 990 Form is prepared by an independent public accounting firm from published materials of the Organization provided by management. All material contained in the 990 is covered by the Employee Handbook; Goal Setting and Performance Management system; compensation management system and budgeting and reporting processes. All of these materials are reviewed on a regular basis with the Board of Directors. A copy of the Form 990 is shared with the entire board before filing on an annual basis. Currently a draft of the 990 is reviewed with the Board executive committee prior to filing. Form 990, Part VI, Section B, line 12c Every member of the Board of Directors is required to sign and date, on an annual basis, a Conflict of Interest Statement which discloses any potential conflicts of interest. As of this writing, no such conflicts exist. Every officer of the Organization is a full time employee and subject to a conflict of interest policy, a gifts and gratuities policy and a nepotism policy which are part of the Organization's Employee Handbook. Vendor contracts are reviewed by at least two levels of management to assure that no conflicts of interest exist. Form 990, Part VI, Section B, line 15 The Organization has commissioned a compensation study every five years regarding compensation paid to the CEO who is the senior full time officer of the Organization as well as other members of the senior management team who exert influence over the Organization. This study is comprehensive in nature and includes comparative data and substantiation of compensation. There is also an annual goal setting and performance appraisal process for the officers whose compensation is annually reviewed. These are discussed and reviewed by the Executive Committee of the Board of Directors. All employees of the Organization are subject to an annual goal setting and performance appraisal process. Compensation levels are based on competitive analysis of jobs, and salaries of top officers have been regularly disclosed as part of the Form 990 process and discussed at Board meetings as part of the annual budget approval process. Form 990, Part VI, Section C, line 19 The Form 990 has been a publicly available document for many years and is available on line, without cost, to anyone. In addition, the company's Employee Handbook including conflict of interest policy, gifts and gratuities and nepotism policy are all publicly available. All these documents are reviewed periodically by legal counsel to assure compliance with all policies and procedures of local and national authorities. Financial statements are regularly provided to banking and other partners and on request to interested individuals. No such request has ever been denied. Summary financial information is available on the Form 990 and a matter of public record. All Board members receive a copy of the financials and there is a regular review of both auditors and results of an annual audit (prepared by Certified Public Accountants) by the Board Audit Committee. The full Board votes annually regarding audit acceptance. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 416,465. Investment in separately reported foreign affiliate -687,718. Expenses paid by affiliate 7,663. Total to Form 990, Part XI, Line 5: -263,590. Oversight of Audit Form 990, Part XI, Line 2c: The Audit Committee is responsible for overseeing the financial statement audit and the selection of the independent accountant. This process has not changed from the prior year. 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