2026-03-11T10:50:15+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 362251912 Institute for the International Education of Students INST 3129441750 33 W Monroe Street 2300 Chicago IL 606035405 William J Martens CFO 2026-03-11 true Mallory Fairless P10321579 3128997000 2026-03-11 2024 2025-03-06 01:10:19Z IES Abroad Gregory Hess PhD 33 W Monroe Street 2300 Chicago IL 606035405 181408978 false X www.iesabroad.org X 1953 IL The Institute for the International Education of Students (IES) educates students to become global citizens through premier study abroad and internship programs. 25 24 292 50 0 1325720 1430549 160373983 174064026 3907451 4445412 -1078144 -1451834 164529010 178488153 6888524 7753309 0 59835718 64710158 0 1227303 86349911 99684758 153074153 172148225 11454857 6339928 140768284 158244321 49458951 46782908 91309333 111461413 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. (CONTINUED ON SCHEDULE O) false false 134896556 7753309 174064026 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. 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7591300 Notes receiveable from related organization 31624006 Federal Income Taxes Accrued Loss on Forward Contracts 226420 Lease Liability 28040658 28267078 0 0 0 0 0 0 0 0 0 0 0 0 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 The organization has continuously publicized its racially nondiscriminatory policy during the tax year by prominently displaying the policy on its primary publicly accessible website in a manner reasonably expected to be noticed by visitors. The policy is also included in materials related to student admissions and enrollment, ensuring the policy is made known to the general community the organization serves. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Two foreign governments provided assistance as cash payment and payroll assistance. IES received $5,579 and $24,606 from Dublin, Ireland, and Vienna, Austria, respectively. Under generally accepted accounting principles, government grants are recognized as revenue in the period in which an organization substantially overcomes all measurable barriers to be entitled to the funding. true East Asia and the Pacific 7 36 Program Services EDUCATION/CURRICULUM 7682215 Europe (Including Iceland and Greenland) 17 198 Program Services EDUCATION/CURRICULUM 97184078 South America 3 18 Program Services EDUCATION/CURRICULUM 3701316 Middle East and North Africa 1 3 Program Services EDUCATION/CURRICULUM 871213 Sub-Saharan Africa 1 4 Program Services EDUCATION/CURRICULUM 1334638 29 259 0 0 29 259 110773460 0 110773460 0 0 DIRECT CASH ASSISTANCE TO STUDENT Europe (Including Iceland and Greenland) 3 507 Direct Payment Direct Assistance to School Central America and the Caribbean 2 12837 wire transfer Direct Assistance to Students Europe (Including Iceland and Greenland) 3 13822 electronic payment Direct Assistance to Students East Asia and the Pacific 16 1590 electronic payment Direct Assistance to Students Europe (Including Iceland and Greenland) 52 5336 electronic payment false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds One foreign center awarded grants directly to student interns to help defray the costs of mentoring students in foreign locations. Awards are given to U.S. students through grants for the express purpose of studying abroad through one of IES' study abroad programs. Grants awarded to foreign students to act as global ambassadors for study abroad. One foreign center pays a foreign university directly to cover students' tuition. Grants are awarded to foreign teachers for internship students via direct payment. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual Film Festival 72057 71337 720 638 45 441 0 8 39606 21803 17803 38374 10477 18208 111663 93140 18523 39012 10522 18649 68183 -49660 true SCHOLARSHIPS AWARDED TO STUDENTS 4626 7719217 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. X X X X true true X X X X X true true false false false false false false false Greg Hess PhD Director/President 906578 0 129668 0 938375 0 252017 0 29050 0 2255688 0 0 0 William Hoye EVP/CHIEF OPERATING OFFICER (RETIRED 12/09/2024) 552106 0 108304 0 78114 0 34500 0 40223 0 813247 0 0 0 William Martens VP Finance/CFO 365294 0 106610 0 3854 0 34500 0 39509 0 549767 0 0 0 Michael Adewumi EVP Academic Affairs & Provost 433756 0 78907 0 43406 0 275388 0 11889 0 843346 0 0 0 Richard Bartecki EVP Marketing & College Relations 373769 0 143929 0 9374 0 34500 0 18650 0 580222 0 0 0 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 361154 0 54649 0 1615 0 214033 0 28880 0 660331 0 0 0 Daniel Summers Associate VP & Chief Information Officer 260824 0 75838 0 1589 0 34500 0 38799 0 411550 0 0 0 Michael Green Sr. AVP, GEM, College Relations & Advising 247788 0 61565 0 2079 0 32309 0 39509 0 383250 0 0 0 Merel Frank Senior Controller, Associate Vice President 239545 0 56607 0 2449 0 30519 0 29985 0 359105 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel Uncompensated board directors are required to fly economy class on behalf of the organization. IES allows for business-class travel of a board member when required for health reasons as prescribed in writing by a licensed physician. if business class is unavailable in that market, first-class may be substituted. Also, first-class fares are permitted when there is no fare difference between first-class and coach fare or there are limited flight options and there is no fare difference between first-class and business-class. Schedule J, Part I, Line 1a Travel for companions For non-board member guests of board members, IES paid for company-sponsored cultural events that the group attended. The non-board member's costs of the events were included on a 1099 issued to each respective IES board member for the 2024 calendar year. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments IES directly pays for the COO's supplemental long-term disability insurance. This amount is included in his taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The president was reimbursed for travel clubs and the amount was included on the W2 as taxable compensation. Schedule J, Part I, Line 4a Severance or change-of-control payment WILLIAM HOYE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $25,058.65 DUE TO EARLY RETIREMENT. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan 457(F) PLAN ACCRUALS FOR FISCAL YEAR: GREGORY HESS = $224,417; AMBER NIKOLAIDIS= $179,533; MICHAEL ADEWUMI=$244,338. 457(F) PAYOUTS DURING THE YEAR: GREGORY HESS = $897,666 Form 990, Part III, Line 1 BRIEFLY DISCRIBE THE ORGANIZATIONS MISSION: (CONTINUED FROM PAGE 2) 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 students annually in programs across Africa, Asia, Australia, New Zealand, Europe, South America, and North America. IES offers a broad-based curriculum promoting students' academic and social growth and development of their intercultural understanding. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PAGE 2) 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 coursework 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 set 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. 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 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, on an annual basis. The Board Executive Committee is composed of the elected Board Chair, the two elected Vice Chairs, and at least three other board members, 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 from any discussions regarding the setting of his own compensation. At least every three years, IES Abroad retains an independent, outside compensation review firm to evaluate the compensation of the company's vice presidents, President & CEO, and other officers. 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 similar positions at organizations with comparable annual revenues, annual budgets, enrollments, numbers of employees, and levels and complexity 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 President & CEO's, vice presidents', and other officers' compensation in March 2023. Annually, between external compensation reviews, IES Abroad reviews the performance of its President & CEO and each of its vice presidents and officers. Salary data for each position is aged annually based on 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, which then votes on the President/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 do not participate in 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 Faculty Seminar Fees - Total Revenue: 34202, Related or Exempt Function Revenue: 34202, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Familiarization Trip Fees - Total Revenue: 22650, Related or Exempt Function Revenue: 22650, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Installment Fees - Total Revenue: 13250, Related or Exempt Function Revenue: 13250, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Sundry Fees - Total Revenue: 17922, Related or Exempt Function Revenue: 17922, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Event Fees - Total Revenue: 100, Related or Exempt Function Revenue: 100, 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 - 1394726; Unrealized Gain on Foreign Currency - 8408593; Other Post Employment Benefits Prior Service Costs - -393986; Other Post Employment Benefits amortization prior year service costs - 647924; Other Post Employment Benefits actuarial gain (loss) - 528149; Total - 10585406; STITCHING IES AMSTERDAM Gelderse Kade 101D AMSTERDAM NL 1011EM ABROAD PROG NL 0 962327 IES IES Abroad Australia Limited Suite 4 6 McIntosh Street Chatswood New South Wales AS 2067 ABROAD PROG AS -835 512164 IES IES ABROAD BRASIL 33 W Monroe Suite 2300 Chicago IL 606035405 981137773 ABROAD PROG 0 0 IES INSTITUTE FOR INTL ED OF STUDENTS - SF (CAPE TOWN) 24C Main Road Rosebank Western Cape SF 7700 ABROAD PROG SF -11 617396 IES PATHWAYS GLOBAL CONSULTING (BEIJING) CO LTD Room 1526 12th floor Building 1 Yard 62 Balizhuang Road BEIJING HAIDIAN CH 100036 981135340 ABROAD PROG CH -17918 63470 IES SOCIETY FOR THE INTL ED OF STUDENTS (DELHI) 2nd Floor KLJ Tower North B-5 Distr Ctr Netaji Subhash Pl Waziraur NEW DELHI IN 110034 ABROAD PROG IN 0 0 IES IES ABROAD INDIA PRIVATE LIMITED (IES INDIA) 2nd Floor KLJ Tower North B-5 Distr Ctr Netaji Subhash Pl Waziraur New Delhi IN 110034 981135334 ABROAD PROG IN 0 0 IES FONDAZIONE IES ABROAD ITALY LUNGOTEVERE TOR DI NONA 7 ROME IT 00186 981198420 ABROAD PROG IT 996582 11587208 IES IES ABROAD JAPAN CENTERS 1-7-1 NAKASE SCED BLDG 3F MIHAMA CHIBASHI JA 2610023 981079733 ABROAD PROG JA 80342 842959 IES LONDON CENTRE OF THE INST EUROPEAN STUDIES 2 Atkin Building Grays Inn LONDON AE WC1R5AT ABROAD PROG UK 8335 8115985 IES IES ABROAD (RABAT) 89 AVENUE MOULAY ISMAIL RABATHASSAN MO 10006 ABROAD PROG MO -27317 326956 IES IES NANTES ASSOCIATION 7 RUE DES CADENIERS 3e etage NANTES FR 44000 ABROAD PROG FR 0 61252 IES Association IES Abroad Nice 31 AVENUE JEAN MEDECIN 4EME ETAGE NICE FR 06000 981257970 ABROAD PROG FR 0 481412 IES ASSOCIATION D'IES ABROAD-PARIS 77 RUE DAGUERRE PARIS FR 75014 ABROAD PROG FR 222 5287337 IES IES FOUNDATION (QUITO ECUADOR) REPUBLICA DE EL SALVADOR Y PORTUGAL 7TH FLOOR EDIFICIO ATHOSFICE 70 QUITO EC 170505 ABROAD PROG EC 0 29497 IES THE INST FOR THE INTL ED OF STUDENTS (SPAIN) Colegio Mayor Nuestra Senora de Gua AVENIDA DE SENECA NUMERO 4 MADRID SP 28040 ABROAD PROG SP 124 8157639 IES IES ABROAD PATHWAYS LLC 33 W MONROE ST STE 2300 CHICAGO IL 606035405 ABROAD PROG DE 0 0 IES