2012-03-27T14:42:50-05:00 2011-06-30 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2010-07-01 223087809 INTERNATIONAL RESEARCH & EXCHANGES BOARD INC INTE 2026288188 2121 K Street NW Washington DC 20037 Michael Lavelline 2012-03-26 true Mary Torreta 7038477500 2012-03-27 2010 2016-02-24 21:20:13Z HON W ROBERT PEARSON PRES 2121 K Street NW Washington DC 20037 70258913 false X http://www.irex.org X 1991 NJ International Research & Exchanges Board (IREX) promotes positive lasting change globally. See Schedule O. 15 14 165 14 0 58098014 67852678 30669 7687 269720 254597 3595 4633 58401998 68119595 13422191 16099940 0 0 15769514 17422907 0 0 1411553 29187419 35157948 58379124 68680795 22874 -561200 24043780 19801673 16365788 12059175 7677992 7742498 X SEE SCHEDULE O. false false 19476370 3884491 SEE SCHEDULE O. 21168720 1869042 SEE SCHEDULE O. 22832824 10616598 7687 SEE SCHEDULE O. 63477914 true true false true false false false false true true false false false true true true false false true true true true false false false false true true true false false false false false false false false false false false false false false false false false false true X 97 0 true 165 true false true false false false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true true false NJ X JIM MOGHADAM CONTROLLER 2026288188 2121 K ST NW Washington DC 20037 X Hon W Robert Pearson 40.0 X X 270623 0 31174 HASAN A TULUY 1.0 X 0 0 0 Hon Avis Bohlen 1.0 X 0 0 0 Patrick Butler 1.0 X 0 0 0 Hon Adriaan Jacobovits de Szeged 1.0 X 0 0 0 Hon Walter Cutler 1.0 X 0 0 0 Eric Newton 1.0 X 0 0 0 Hon Elizabeth Jones 1.0 X 0 0 0 Dr Nancy Dye 1.0 X 0 0 0 Dr Abdul Aziz Said 1.0 X 0 0 0 MARCIA SLOAN LATTA 1.0 X 0 0 0 HENRIK LILJEGREN 1.0 X 0 0 0 Frank Ponzio 1.0 X 0 0 0 Edward M Fouhy 1.0 X 0 0 0 Hon Adrian A Basora 1.0 X 0 0 0 Michael Lavelline 40.0 X 192882 0 33510 Paige Alexander 40.0 X 165829 0 29938 Lawrence Birch 40.0 X 174502 0 27112 Joyce Neverov 40.0 X 157785 0 37561 Robert Cronin 40.0 X 165702 0 28141 Christopher Cavanaugh 40.0 X 195503 0 50380 Joseph Raffelberg 40.0 X 163611 0 14157 Fred Allen Decker 40.0 X 191934 0 60868 Andrew Clayton 40.0 X 178540 0 9856 Aaron Bornstein 40.0 X 141311 0 69236 1998222 0 391933 25 false true false See Schedule O 4 56761128 11091550 67852678 PROJECT INTEREST INCOME 900099 7687 7687 7687 163671 163671 0 0 2230244 2139318 90926 90926 90926 0 0 0 MISCELLANEOUS REVENUE 900099 4633 4633 4633 68119595 7687 259230 390707 390707 8939799 8939799 6769434 6769434 0 1104363 513008 552910 38445 0 13747613 11891463 1118314 737836 432573 351171 41857 39545 1495257 1357266 89842 48149 643101 482794 108420 51887 0 227424 87812 139612 224713 64161 160552 1289 1289 0 51891 51891 0 51967 51967 1733530 1517626 202186 13718 323933 103747 220186 0 2475658 1965702 371722 138234 4092074 3792446 140064 159564 0 4159079 4051749 99857 7473 280 280 0 160163 39696 114751 5716 104239 94169 7672 2398 SUBCONTRACTORS 7514081 7514081 PROFESSIONAL FEES 5887980 5609071 173809 105100 EQUIP. RENTAL & MAINTENANCE 3440604 3370986 48777 20841 PARTICIPATION COSTS 2613983 2613983 PROPERTY & EQUIPMENT 261254 261254 1833806 1642253 148906 42647 68680795 63477914 3791328 1411553 390929 0 5100541 3341928 1929269 1343592 1705850 1578600 1249783 712949 320843 536834 14596348 13000719 24043780 19801673 5193785 4275189 10935166 7611611 236837 172375 16365788 12059175 X 4503589 5839954 254403 518544 2920000 1384000 7677992 7742498 24043780 19801673 X -561200 625706 X false true true X true true X 46239025 51197882 55627999 58098014 67852678 279015598 46239025 51197882 55627999 58098014 67852678 279015598 12224684 266790914 193486 239436 229448 163043 163671 989084 538 54796 3595 4633 63562 280068244 636450 0.95259 0.99592 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1289 false false 1289 false 2920000 1536000 1384000 2920000 2920000 2920000 2920000 1.00000 false false 92880 20640 72240 1156903 692309 464594 536834 0 DEFERRED RENT 172375 172375 68119595 68680795 -561200 625706 625706 64506 75315517 625706 6622107 7247813 68067704 51891 51891 68119595 75251011 6622107 6622107 68628904 51891 51891 68680795 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 Investment income earned on the NEH endowment funds is to be used for support of humanities activities in education, public programming, scholarly research, and preservation and is temporarily restricted until used for that purpose. Investment income earned on the Mellon endowment fund is to be used for general unrestricted purposes. During the year, $1,536,000 of the NEH endowment was released by the donor from restrictions of the endowment. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 Under provisions of the Internal Revenue Code Section 501(c)(3), and applicable state regulations, IREX is exempt from taxes except for unrelated business income. For financial statement purposes, IREX is required to record a liability for any material tax position taken which does not meet the minimum thresholds of "more likely than not" to be successful under regulatory challenge. No provision for income taxes has been recorded in 2011 or 2010 since management believes there is no material unrelated business income or material uncertain tax positions requiring the recognition of a liability. true Central America and the Caribbean 0 0 Program Services EDUCATION TEACHER EXCH 61398 East Asia and the Pacific 0 0 Program Services EDUCATION TEACHER EXCH 2647480 Europe (Including Iceland and Greenland) 5 61 Program Services EDUCATIONAL TRAINING 8525279 Middle East and North Africa 5 42 Program Services EDUCATION TEACHER EXCH 9864739 Russia and the Newly Independent States 10 237 Program Services EDUCATION PROJECTS 21790092 South America 0 0 Program Services EDUCATION TEACHER EXCH 155490 South Asia 1 1 Program Services TEACHER TRAINING 1565246 Sub-Saharan Africa 2 29 Program Services EDUCATION TEACHER EXCH 4261371 23 370 23 370 48871095 48871095 Russia Media Assistance 17265 checks/wire Russia Media Assistance 17591 checks/wire Russia Media Assistance 24050 checks/wire Russia Media Assistance 39640 checks/wire Russia Media Assistance 54150 checks/wire Russia Media Assistance 62815 checks/wire Russia Media Assistance 76166 checks/wire Russia Media Assistance 88924 checks/wire East Asia/Pacific Journalism Education 5200 checks/wire East Asia/Pacific Journalism Education 6500 checks/wire East Asia/Pacific Journalism Education 8150 checks/wire East Asia/Pacific Journalism Education 8701 checks/wire Europe/Iceland/Greenland MEDIA ASSISTANCE 756363 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 8000 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 9168 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 9304 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 9719 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 45963 checks/wire Russia MEDIA ASSISTANCE 18435 checks/wire Russia MEDIA ASSISTANCE 24263 checks/wire Russia MEDIA ASSISTANCE 27363 checks/wire Russia MEDIA ASSISTANCE 9807 checks/wire Russia MEDIA ASSISTANCE 62500 checks/wire Middle East/North Africa MEDIA ASSISTANCE 10000 checks/wire Middle East/North Africa MEDIA ASSISTANCE 25000 checks/wire Middle East/North Africa MEDIA ASSISTANCE 36161 checks/wire Middle East/North Africa MEDIA ASSISTANCE 50000 checks/wire Middle East/North Africa MEDIA ASSISTANCE 19963 checks/wire Europe/Iceland/Greenland Media Assistance 19815 checks/wire Europe/Iceland/Greenland Media Assistance 22639 checks/wire Europe/Iceland/Greenland Media Assistance 26118 checks/wire Russia Youth Conflict Mitigation 91633 checks/wire Middle East/North Africa Community Development 15216 checks/wire Middle East/North Africa Community Development 30514 checks/wire Sub-Saharan Africa Media Assistance 5505 checks/wire Sub-Saharan Africa Media Assistance 7000 checks/wire Sub-Saharan Africa Media Assistance 8720 checks/wire Sub-Saharan Africa Community Development 9985 checks/wire Sub-Saharan Africa Community Development 14191 checks/wire Sub-Saharan Africa Community Development 15140 checks/wire Sub-Saharan Africa Community Development 18450 checks/wire Sub-Saharan Africa Media Assistance 27590 checks/wire Sub-Saharan Africa Community Development 30550 checks/wire Sub-Saharan Africa Media Assistance 33762 checks/wire Sub-Saharan Africa Community Development 35782 checks/wire Russia Media Assistance 6000 checks/wire Russia Community Development 6086 checks/wire Russia Media Assistance 7000 checks/wire Russia Media Assistance 7000 checks/wire Russia Community Development 7877 checks/wire Russia Community Development 7996 checks/wire Russia Community Development 7999 checks/wire Russia Community Development 7999 checks/wire Russia Community Development 8000 checks/wire Russia Community Development 9404 checks/wire Russia Media Assistance 10500 checks/wire Russia Community Development 29744 checks/wire Russia Media Assistance 30553 checks/wire Russia Media Assistance 34553 checks/wire Russia Media Assistance 38553 checks/wire Russia Media Assistance 38553 checks/wire Russia Media Assistance 40419 checks/wire Russia Media Assistance 42753 checks/wire Russia Media Assistance 44532 checks/wire Russia Media Assistance 409254 checks/wire Europe/Iceland/Greenland Info Mgmt 5310 checks/wire Europe/Iceland/Greenland Info Mgmt 7145 checks/wire Europe/Iceland/Greenland Info Mgmt 116564 checks/wire Europe/Iceland/Greenland Info Mgmt 230551 checks/wire Russia Media Assistance 7508 checks/wire Russia Youth Conflict Mitigation 7896 checks/wire Russia Health and Civil Society Improvement 8000 checks/wire Russia Youth Programming 11500 checks/wire Russia Youth Conflict Mitigation 16876 checks/wire Russia Media Assistance 19919 checks/wire Russia Media Assistance 20000 checks/wire Russia Media Assistance 20000 checks/wire Russia Media Assistance 20000 checks/wire Russia Media Assistance 27987 checks/wire Russia Youth Programming 32000 checks/wire Russia Youth Programming 43950 checks/wire Russia Youth Programming 47322 checks/wire Sub-Saharan Africa Media Assistance 5022 checks/wire Sub-Saharan Africa Media Assistance 6062 checks/wire Sub-Saharan Africa Media Assistance 7776 checks/wire Sub-Saharan Africa Media Assistance 9038 checks/wire Sub-Saharan Africa Media Assistance 13648 checks/wire Sub-Saharan Africa Media Assistance 21868 checks/wire Sub-Saharan Africa Media Assistance 22414 checks/wire Sub-Saharan Africa Civil Society Strengthening 211627 checks/wire Europe/Iceland/Greenland Media Assistance 5627 checks/wire Europe/Iceland/Greenland Media Assistance 5696 checks/wire Europe/Iceland/Greenland Media Assistance 5920 checks/wire Europe/Iceland/Greenland Media Assistance 6000 checks/wire Europe/Iceland/Greenland Media Assistance 6935 checks/wire Europe/Iceland/Greenland Media Assistance 7498 checks/wire Europe/Iceland/Greenland Media Assistance 8843 checks/wire Europe/Iceland/Greenland Media Assistance 9100 checks/wire Europe/Iceland/Greenland Media Assistance 9824 checks/wire Europe/Iceland/Greenland Media Assistance 11197 checks/wire Europe/Iceland/Greenland Media Assistance 11700 checks/wire Europe/Iceland/Greenland Media Assistance 11900 checks/wire Europe/Iceland/Greenland Media Assistance 14855 checks/wire Europe/Iceland/Greenland Media Assistance 14890 checks/wire Europe/Iceland/Greenland Media Assistance 18556 checks/wire Europe/Iceland/Greenland Media Assistance 19907 checks/wire Europe/Iceland/Greenland Media Assistance 20000 checks/wire Europe/Iceland/Greenland Media Assistance 21318 checks/wire Europe/Iceland/Greenland Media Assistance 22284 checks/wire Europe/Iceland/Greenland Media Assistance 23530 checks/wire Europe/Iceland/Greenland Media Assistance 24875 checks/wire Europe/Iceland/Greenland Media Assistance 39762 checks/wire Europe/Iceland/Greenland Media Assistance 129415 checks/wire Europe/Iceland/Greenland Media Assistance 176776 checks/wire Sub-Saharan Africa Media Assistance 7430 checks/wire Sub-Saharan Africa Media Assistance 7500 checks/wire Sub-Saharan Africa Media Assistance 8417 checks/wire Sub-Saharan Africa Media Assistance 9000 checks/wire Sub-Saharan Africa Media Assistance 9162 checks/wire Sub-Saharan Africa Media Assistance 9305 checks/wire Sub-Saharan Africa Media Assistance 9576 checks/wire Sub-Saharan Africa Media Assistance 9852 checks/wire Sub-Saharan Africa Media Assistance 10000 checks/wire Sub-Saharan Africa Media Assistance 10319 checks/wire Sub-Saharan Africa Media Assistance 10775 checks/wire Sub-Saharan Africa Media Assistance 13500 checks/wire Sub-Saharan Africa Media Assistance 15000 checks/wire Sub-Saharan Africa Media Assistance 15000 checks/wire Sub-Saharan Africa Media Assistance 15822 checks/wire Sub-Saharan Africa Media Assistance 17500 checks/wire Sub-Saharan Africa Media Assistance 18000 checks/wire Sub-Saharan Africa Media Assistance 20500 checks/wire Sub-Saharan Africa Media Assistance 20500 checks/wire Russia Youth Conflict Mitigation 39905 checks/wire Russia Info Mgmt 227602 checks/wire Russia Info Mgmt 5374 checks/wire Russia Info Mgmt 5596 checks/wire Russia Info Mgmt 6807 checks/wire Russia Info Mgmt 7399 checks/wire Russia Info Mgmt 11351 checks/wire Sub-Saharan Africa MEDIA ASSISTANCE 206521 CHECKS/WIRE Fellowship - Title 8 Research Grant Europe/Iceland/Greenland 19 98652 check/wire Fellowship - Title 8 Research Grant Russia 32 239104 check/wire Fellowship - Teacher Exchanges Cent. America/Caribbean 6 11807 check/wire Fellowship - Teacher Exchanges East Asia/Pacific 17 37957 check/wire Fellowship - Teacher Exchanges Europe/Iceland/Greenland 14 55460 check/wire Fellowship - Teacher Exchanges Middle East/North Africa 17 29671 check/wire Fellowship - Teacher Exchanges Russia 27 107484 check/wire Fellowship - Teacher Exchanges South America 18 37513 check/wire Fellowship - Teacher Exchanges South Asia 29 89125 check/wire Fellowship - Teacher Exchanges Sub-Saharan Africa 6 18700 check/wire Alumni Activity - Graduate Education Russia 49 92022 check/wire Alumni Activity - Public Service Fellows Russia 17 42277 check/wire Alumni Activity - Teacher Exchanges Cent. America/Caribbean 3 17825 check/wire Alumni Activity - Teacher Exchanges East Asia/Pacific 13 41170 check/wire Alumni Activity - Teacher Exchanges Europe/Iceland/Greenland 1 2515 check/wire Alumni Activity - Teacher Exchanges Middle East/North Africa 10 30496 check/wire Alumni Activity - Teacher Exchanges Russia 16 40303 check/wire Alumni Activity - Teacher Exchanges South America 11 39618 check/wire Alumni Activity - Teacher Exchanges South Asia 18 65409 check/wire Alumni Activity - Teacher Exchanges Sub-Saharan Africa 6 15022 check/wire Alumni Activity - Undergraduate Education Russia 42 17607 check/wire Alumni Activity - Undergraduate Education South Asia 30 2300 check/wire Alumni Activity - University Administration Russia 9 92220 check/wire Alumni Activity - University Administration Sub-Saharan Africa 2 29303 check/wire IT Grants Russia 11 2930 check/wire CSO Individual Awards Russia 17 430294 check/wire false false false false false true Procedure for Monitoring Use of Grant Funds Outside U.S. Schedule F, Part I, Line 2 IREX requires programmatic reporting from all grantees. Periodic financial reporting is required from all grantees who receive cost reimbursable awards. Programmatic reports are reviewed by IREX to ensure planned activities are undertaken and that all work is within the scope of the award. Financial reports are reviewed to ensure that grant funds are used for the purposes intended. Site visits by IREX staff are encouraged and taken whenever practical. Additional oversight measures including more frequent reporting, audits, physical evidence of performance, etc., are employed when normal oversight indicates areas of concern. true The Reading Connection 3009 North 14th St Suite 307 Arlington VA 22201 541628863 501(c)(3) 6707 General Support National Endowment for the Humanities 1100 Penn Ave NW Rm 420 Washington DC 20506 384000 Program Support 2 0 Fellowship - Undergraduate Scholar Exchange 423 3011127 Fellowship - Civil Society Leader Exchanges 64 12922 Fellowship - Journalism Exchanges 20 1160 Fellowship - Librarian Exchanges 20 354 Sponsored Travel - Global Connection/Tech Exchange 3 5690 Fellowship - Graduate Education 341 5657239 Fellowship - Teacher Exchanges 144 251307 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 Annually, as a community service project, IREX employees donate funds to a local tax exempt charity. IREX matches these donations. IREX also made a grant to the National Endowment for the Humanities in support of the endowment's American Research Centers program. Purpose of Grants to Individuals and Organizations in the United States Schedule I, Parts II and III IREX provided educational opportunities to study in the US for approximately 600 students during 2010. Professional exchanges in the fields of education and journalism were provided also to over 350 professionals. X X false true X false false false false false false false false false Hon W Robert Pearson 270623 0 0 0 0 0 24720 0 6454 0 301797 0 0 0 Michael Lavelline 192882 0 0 0 0 0 19300 0 14210 0 226392 0 0 0 Paige Alexander 165829 0 0 0 0 0 18550 0 11388 0 195767 0 0 0 Christopher Cavanaugh 195503 0 0 0 0 0 17100 0 33280 0 245883 0 0 0 Lawrence Birch 174502 0 0 0 0 0 16400 0 10712 0 201614 0 0 0 Joseph Raffelberg 163611 0 0 0 0 0 14157 0 0 0 177768 0 0 0 Joyce Neverov 157785 0 0 0 0 0 24150 0 13411 0 195346 0 0 0 Fred Allen Decker 191934 0 0 0 0 0 16087 0 44781 0 252802 0 0 0 Robert Cronin 165702 0 0 0 0 0 23550 0 4591 0 193843 0 0 0 Andrew Clayton 178540 0 0 0 0 0 9856 0 0 0 188396 0 0 0 Aaron Bornstein 141311 0 0 0 0 0 15025 0 54211 0 210547 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a Housing allowances are provided to expatriate employees located in IREX overseas field office programs. The provision of the housing allowance is consistent with or lower than what is commonly provided by the US government and other international development agencies when placing employees in overseas locations. Housing allowances are determined on a case by case basis. Factors considered include the cost of housing in the specific country, US government housing allowance guidelines and negotiations with the expatriate employee to be assigned to the location. Three of the highest compensated employees listed on the compensation schedule received housing allowance benefits which were included in their reported compensation. No housing allowance benefits are provided to directors, officers, or key employees. Health or social club dues or initiation fees Schedule J, Part I, Line 1a IREX pays the annual dues for the President to conduct business and meetings with board members at a local social club. All IREX business related expenses incurred by the President at the social club are reviewed and authorized before reimbursement is made to the President. Only business related expenses are reimbursed by IREX. Written policy regarding payment or reimbursement Schedule J, Part I, Line 1b As stated, housing allowances are determiend on a case by case basis. Other Expense reimbursements are subject to review and compliance with IREX travel and expense reimbursement policies. Compensation of Foreign Employees Schedule J, Part II Joseph Raffelberg and Andrew Clayton are non-US citizens working outside of the United States for IREX. Therefore, Mr. Raffelberg and Mr. Clayton do not receive W-2s or 1099s from IREX. Number of Individuals Employed FORM 990 Part I, Line 5 & Part V, Line 2a The number of employees listed (165) only reflects the employees paid out of the headquarters office. IREX is an international organization with over 450 total persons (including foreign local hires) in 50 locations throughout the world. The majority of employees are located in IREX country offices. Only one hundred employees are located in the headquarters office in Washington, DC. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 International Research & Exchanges Board (IREX) promotes positive lasting change globally. IREX enables local individuals and institutions to build key elements of a vibrant society: quality education, independent media, and strong communities. To strengthen these sectors, IREX's program activities also include conflict resolution, technology for development, women and youth. With more than 40 years of experience, IREX is guided by its enduring values and is committed to organizational excellence, measurable impact and thought leadership. IREX employs field-tested methods and innovative uses of technologies to develop practical and locally-driven solutions with our partners. PROGRAM SERVICE ACTIVITY #1 FORM 990, PART III, LINE 4A IREX's work with local partners advances media professionalism, sustainability, sound media laws, and the local institutions that support independent media and journalists. We work across all media - television, radio, online, print, and mobile. Recognizing the shift to interactive and multiplatform media and the role of citizen journalists, IREX works to provide and integrate new technologies that democratize the flow of information. IREX research in media development, including the Media Sustainability Index, helps inform policymakers, academics, and media practitioners throughout the world as they seek ways to expand citizens' access to information. Of note this year, IREX was a key organizer of the largest ever World Press Freedom Day commemoration May 1-3 in DC. This was the first time the central events were held in the United States. Working with UNESCO and fellow Executive Committee members from the National Endowment for Democracy's Center for International Media Assistance, the UN Foundation, and the U.S. Department of State, IREX helped bring together more than 800 speakers and participants from around the world to examine the evolving challenges to media freedom in the digital age. PROGRAM SERVICE ACTIVITY #2 FORM 990, PART III, LINE 4B Civil society development engages people, organizations, and government bodies to work in partnership to improve their communities and foster good governance. IREX adapts its approach and training to meet the specific local needs of a community so that stakeholders can better serve their constituents. IREX integrates targeted activities for underrepresented populations, which include women, youth, ethnic minorities, individuals with HIV/AIDS, and people with disabilities. New, low-cost technologies are lowering the threshold for people to improve their lives and be leaders in their communities. While the technologies become more common, skills in applying them effectively for social issues often lag behind. For almost 20 years, IREX has been pioneering the integration of appropriate technology into development activities. Using simple technology, IREX has developed networks of young women leaders in Turkmenistan, helped health organizations send SMS medication reminders to those living with HIV/AIDS in Ukraine, worked with professional and citizen media to use blogs in the Middle East, and brought libraries in Romania and Ukraine into the 21st century. PROGRAM SERVICE ACTIVITY #3 FORM 990, PART III, LINE 4C Education supports economic development, social reform, and civic participation within a society and provides the foundation for tomorrow's leaders. IREX works with individuals, institutions, and governments to expand access to and improve the quality of education worldwide. IREX designs programs and provides consulting to support lifelong learning starting at the primary and secondary levels, continuing through higher education, and including continuing professional training. Program areas include: Basic Education Development, Higher Education Development, International Education, and Research Support. FOREIGN BANK ACCOUNTS FORM 990, PART V, LINE 4B Armenia Azerbaijan Bangladesh Georgia Iraq Jordan Kazakhstan Kosovo Kyrgyzstan Liberia Lebanon Moldova Romania Russia Rwanda Serbia Somalia Tajikistan Turkmenistan Ukraine Form 990 Review Process Form 990, Part VI, Line 11b Form 990 was reviewed thoroughly by the organization's Treasurer in initial draft and final form prior to filing. The Board of Directors have authorized the members of the Finance Committee to review the final copy of the return. The review by the Finance Committee was conducted prior to filing the Form 990. The Form 990 was made available electronically to all members of the Board of Directors before it was filed with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The Board of Governors at their November 2010 meeting adopted an annual conflict of interest submission disclosure requirement for each Governor. A similar disclosure is required for all members of staff senior management group. In addition, IREX has a written conflict of interest policy covering employees. After the annual disclosures are submitted, they are reviewed by the Office of the President (for Board members) or the Chief of Staff (for senior staff). If there is a potential or perceived conflict, the matter is elevated to the President and Chairperson of the Board (for Board members) or the President and Chief of Staff (for senior staff). If there is a conflict, the person would recuse themselves from any deliberations or decision-making related to the transaction. Process for Determining Compensation Form 990, Part VI, Lines 15a & 15b The President's annual salary increase and award are determined by the Chairperson of the Board of Governors in consultation with the members of the Executive Committee. Annual salary increases and awards for other officers and key employees are determined by the President based on annually established institutional salary increase ranges for all DC paid employees. Any officer or key employee awards are determined by the President within the parameters of an employee award plan adopted by the Board of Governors. Finally all other officer and key employee salary increases and awards (if any) are reviewed by the President with the Chairperson of the Board. Annually, IREX acquires salary survey information from a variety of sources and makes adjustments of salary ranges, if necessary. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Copies of the financial statements are also available on the IREX website. INDEPENDENT CONTRACTOR COMPENSATION Form 990, Part VII, Section B NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION TERPSYS COMPUTER/IT SUPPORT $192,677 1201 SEVEN LOCK RD, #300 ROCKVILLE, MD 20854-2966 LVF 212 K STREET LLC OFFICE RENT $1,005,507 135 SOUTH LASALLE ST, #1625 CHICAGO, IL 60603 GRANT THORNTON LLP AUDIT AND TAX SERVICES $181,785 33960 TREASURY CENTER CHICAGO, IL 60694-3900 WOLFEREITER LLC COMPUTER PROGRAMMING $231,380 202 O STREET, NW WASHINGTON, DC 20001 __________ TOTAL COMPENSATION $1,611,349 ========== EXPLANATION OF FUNCTIONAL EXPENSES Form 990, Part IX, lines 1, 2, 3, 24 a & b IREX provided educational opportunities to study in the US for approximately 600 students during 2011. Professional exchanges in the fields of education and journalism were provided also to over 350 professionals. In carrying out program activities IREX works extensively in partnerships with other organizations. Over 42% of IREX 2011 total expenditures were devoted to educational, professional exchanges and partnership activities plus the staff and travel costs directly related to supporting these activities. OTHER CHANGES IN NET ASSETS PART XI UNREALIZED GAINS - $625,706