2025-03-16T20:53:22+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 362251912 Institute for the International Education of Students INST 3129441750 33 W Monroe Street 2300 Chicago IL 606035405 William J Martens CFO 2025-03-17 true true Mallory Fairless P10321579 3128997000 2025-03-17 2023 2025-03-06 01:10:19Z IES Abroad Gregory Hess PhD 33 W Monroe Street 2300 Chicago IL 606035405 166577877 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, which offer students worldwide experiential learning opportunities that set the highest standards of academic quality. 23 22 259 44 0 0 1939012 1325720 125035208 160373983 2016159 3907451 -2285373 -1078144 126705006 164529010 5907462 6888524 0 49594802 59835718 0 1152809 66347096 86349911 121849360 153074153 4855646 11454857 118858315 140768284 43907447 49458951 74950868 91309333 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 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 broad-based curriculum promoting students' academic and social growth and development of their intercultural understanding. false false 120572392 6888524 160373983 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. 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 course work 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. 120572392 true true false false false false false false true true false false true true false false true true true true true true false true false false false true true false false false false false false false false false false false false true false false false false true X 95 0 true 259 true false true AR EI IT JA KS AS AU MO NL NZ SF SP UK CI CH EC FR GM false false false true true false false false false false false X 23 22 false false false false false false false true true false true true true true true true true true true true false CA CO CT FL GA AL HI IL KS KY ME MD MA MI MN MS NH NJ NY NC OH OR PA RI SC TN UT VA AR WV WI X WILLIAM J MARTENS 3129441750 33 W Monroe Street Ste 2300 CHICAGO IL 606035405 Greg Hess PhD Director/President 37.5 X X 847948 0 305648 James Crawford Director/ Vice Chair 1.0 X X 2044 0 0 Pamela Gann Director/Board Chair 1.0 X X 215 0 0 Rhonda Jordan Director/Vice Chair 1.0 X X 145 0 0 Brian Kelly Director 1.0 X 183 0 0 Cecilia Conrad PhD Director 1.0 X 159 0 0 Debora de Hoyos Director 1.0 X 0 0 0 Deborah Schuler Director 1.0 X 0 0 0 Edmond Eger Director 1.0 X 118 0 0 Erika Maschmeyer Director 1.0 X 0 0 0 Ezio Vergani Director 1.0 X 0 0 0 Marie Fioramonti Director 1.0 X 223 0 0 Mark Rush Director 1.0 X 0 0 0 Marla Salmon ScD Director 1.0 X 0 0 0 Mary O'Brien Pearlman Director 1.0 X 215 0 0 Monica Vachher Director 1.0 X 0 0 0 Monique Bahadur Director 1.0 X 152 0 0 Mun Choi PhD Director 1.0 X 1122 0 0 Nayef Samhat PhD Director 1.0 X 162 0 0 Peter Sundman Director 1.0 X 225 0 0 Phyllis Haberman Director 1.0 X 184 0 0 Prabha Kant Sinha PhD Director 1.0 X 138 0 0 Ronald Crutcher DMus Director 1.0 X 256 0 0 William Hoye EVP/CHIEF OPERATING OFFICER 37.5 X 570879 0 71741 William Martens VP Finance/CFO 37.5 X 352370 0 70191 Michael Adewumi EVP Academic Affairs & Provost 37.5 X 791726 0 316943 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 37.5 X 366859 0 233141 Carol Carmody Senior Associate VP for SAF 37.5 X 220963 0 46347 Daniel Summers Associate VP & Chief Information Officer 37.5 X 231828 0 63772 Michael Green Sr. AVP, GEM, College Relations & Advising 37.5 X 260608 0 65681 Richard Bartecki EVP Marketing & College Relations 37.5 X 431864 0 56653 4080586 0 1230117 52 false true false Huron Consulting Services PO Box 71223 Chicago IL 60694 IT services 2982698 VVA Srl Via Midlioli 10-A Milan IT 20822 Construction 1205368 MONDO - Addison Group Company 7076 Solutions Center Chicago IL 60677 IT services 708852 Campus Management Corporation 5201 Congress Avenue Suite 220 A Boca Raton FL 33487 IT Services 629465 Workday 6110 Stoneridge Mall Road Pleasanton CA 94588 Software as a Service 621009 17 29750 40231 114093 1141646 11444 1325720 TUITION AND FEES 611110 129036269 129036269 ROOM AND BOARD 611710 31325925 31325925 11789 11789 0 0 160373983 2558759 2558759 0 0 3343260 1994568 1348692 0 1348692 1348692 18139 40231 54299 -36160 -36160 Gain (loss) on Settlement of Foreign Currency Contracts 900099 -1041984 -1041984 0 0 0 0 -1041984 164529010 160373983 0 2829307 6841258 6841258 47266 47266 3431120 843215 2587905 44936434 30267327 14003570 665537 2176394 883378 1245720 47296 3123183 1357078 1663220 102885 6168587 5066090 1054193 48304 314080 314080 432721 432721 55323 55323 1410750 500669 812172 97909 1754326 79968 1618317 56041 1439859 904576 519523 15760 5741984 3403328 2281814 56842 8308876 7768443 540433 7829478 6125762 1663658 40058 1023298 254493 759348 9457 2403 278 2125 1615914 937426 678488 756610 68129 688481 Student Housing & Meals 41119246 41119246 Student Instruction and Tuiton 7549317 7549317 Student Services 3582971 3582971 Field Trips 1132988 1132988 2279767 1839186 427861 12720 153074153 120572392 31348952 1152809 15982320 9731553 10324365 21910530 485777 314905 14689005 8156215 0 0 0 0 3362360 6500829 19925440 11066406 3819598 8859034 52307197 60810610 0 0 17887693 24484608 118858315 140768284 18257791 14807332 5073351 4964916 0 0 292511 133622 20283794 29553081 43907447 49458951 X 68980404 84494520 5970464 6814813 74950868 91309333 118858315 140768284 X 11454857 6389939 -1486331 X false true X true false X 1929447 4630185 9726876 1939012 1325720 19551240 0 0 1929447 4630185 9726876 1939012 1325720 19551240 600905 18950335 1466876 1337922 1244922 1388036 2558759 7996515 0 0 0 0 0 0 0 27547755 486014314 0.6879 0.7194 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4701918 348481 779431 101125 5728705 3857455 493573 504193 153303 4701918 4075887 544779 -578336 184875 3857455 3803285 404089 -84193 47294 4075887 63129030 655272 -59538046 442971 3803285 0.0 0.887 0.113 false false 1389100 1358663 30437 8016215 5109913 2906302 10520125 4597830 5922295 8859034 Right of Use Lease Asset 24443378 Unrecognized gain on Foreign Currency Contracts 41230 Notes receiveable from related organization 24484608 Accrued Loss on Forward Contracts 1084943 Lease Liability 28468138 29553081 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 IES PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE SAME MEANS THAT IT ADVERTISES ITS PROGRAMS TO STUDENTS, the organization's WEBSITE. In addition to the organization's website, IES publicizes this policy at STUDY ABROAD FAIRS and through DIRECT COMMUNICATIONS WITH STUDENTS,UNIVERSITIES' STUDY ABROAD OFFICES AND CONSORTIUM MEMBERS. IES DOES NOT ADVERTISE THROUGH NEWSPAPER OR BROADCAST MEDIA. HENCE, WE DO NOT PUBLICIZE OUR RACIALLY NONDISCRIMINATORY POLICY THROUGH THIS MEANS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT As part of the Coronavirus relief efforts provided by a number of world governments, 2 foreign governments provided employment assistance in the form of payroll assistance. IES received $45,045 and $14,761 from Vienna and the French governments, 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 9 41 Program Services EDUCATION/CURRICULUM 4508547 Europe (Including Iceland and Greenland) 17 230 Program Services EDUCATION/CURRICULUM 94583346 South America 3 18 Program Services EDUCATION/CURRICULUM 3509752 Middle East and North Africa 1 3 Program Services EDUCATION/CURRICULUM 794698 Sub-Saharan Africa 1 4 Program Services EDUCATION/CURRICULUM 1506185 31 296 0 0 31 296 104902528 0 104902528 0 0 DIRECT CREDIT AWARD East Asia and the Pacific 12 32786 Direct credit to invoice Book DIRECT CASH ASSISTANCE TO STUDENT INTERNS Europe (Including Iceland and Greenland) 43 4185 Cash Book Direct Assistance to School Central America and the Caribbean 3 10295 Wire Transfer Book 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 or U.S. schools through 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. These grants and scholarships are 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. One foreign center pays a foreign university directly to cover students' tuition. Scholarships are awarded to foreign students by direct reduction of the students' invoices 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 41906 38267 3639 858 771 Alumni Events 16464 1964 14500 3192 26688 1139 21651 0 58370 40231 18139 3192 27546 1139 22422 54299 -36160 true SCHOLARSHIPS AWARDED TO STUDENTS 3504 6841258 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. X X X X true true X X X X X false true false false false false false false false Greg Hess PhD Director/President 836106 0 0 0 11842 0 278525 0 27123 0 1153596 0 0 0 William Hoye EVP/CHIEF OPERATING OFFICER 551270 0 0 0 19609 0 33000 0 38741 0 642620 0 0 0 William Martens VP Finance/CFO 348804 0 0 0 3566 0 33000 0 37191 0 422561 0 0 0 Michael Adewumi EVP Academic Affairs & Provost 785193 0 0 0 6533 0 305677 0 11266 0 1108669 0 0 0 Amber Nikolaidis VP for Strategy, New Business Init. & Analytics 365327 0 0 0 1532 0 203325 0 29816 0 600000 0 0 0 Carol Carmody Senior Associate VP for SAF 218617 0 0 0 2346 0 22690 0 23657 0 267310 0 0 0 Daniel Summers Associate VP & Chief Information Officer 230429 0 0 0 1399 0 27030 0 36742 0 295600 0 0 0 Michael Green Sr. AVP, GEM, College Relations & Advising 230683 0 28000 0 1925 0 28440 0 37241 0 326289 0 0 0 Richard Bartecki EVP Marketing & College Relations 355024 0 71078 0 5762 0 33000 0 23653 0 488517 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 2023 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 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: NONE 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, annually. The board executive committee is comprised of the elected board chair, the two elected vice chairs, three other board members who serve on The board executive committee 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 3 years, IES Abroad retains an independent, outside compensation Review firm to evaluate the compensation of the company's Vice Presidents, the President & CEO, and other Officers' compensation. 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 positions 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 market 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 March 2023. Annually, in between external compensation reviews, IES reviews the performance of its President & 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 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. Compensation for all Vice Presidents is approved by the executive committee and presented to the full board of directors. 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 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 Transcript fee - Total Revenue: 680, Related or Exempt Function Revenue: 680, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Installment fee - Total Revenue: 9444, Related or Exempt Function Revenue: 9444, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Returned check fee - Total Revenue: 1665, Related or Exempt Function Revenue: 1665, 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 - 93072; Unrealized Gain on Foreign Currency - -1649652; Other Post Employment Benefits Prior Service Costs - -432414; Other Post Employment Benefits amortization prior year service costs - 676233; Other Post Employment Benefits actuarial gain (loss) - -173570; STITCHING IES AMSTERDAM ABROAD PROG NL 55102 2298347 IES IES Abroad Australia Limited Suite 4 6 McIntosh Street Chatswood New South Wales AS 2067 ABROAD PROG AS 14460 637800 IES IES ABROAD BRASIL 33 W Monroe Suite 2300 Chicago IL 606035405 981137773 ABROAD PROG BR 0 0 IES INSTITUTE FOR INTL ED OF STUDENTS - SF (CAPE TOWN) 24C Main Road Rosebank Western Cape SF 7700 ABROAD PROG SF 5848 517331 IES PATHWAYS GLOBAL CONSULTING (BEIJING) CO LTD Room 2807 EnJiLi 27 BEIJING HAIDIAN CH 100036 981135340 ABROAD PROG CH -19475 199349 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 981198420 ABROAD PROG IT 388204 11098193 IES IES ABROAD JAPAN CENTERS 981079733 ABROAD PROG JA 81221 601163 IES LONDON CENTRE OF THE INST EUROPEAN STUDIES ABROAD PROG UK 13462 8338055 IES IES ABROAD (RABAT) ABROAD PROG MO -32194 250610 IES IES NANTES ASSOCIATION ABROAD PROG FR 0 91842 IES Association IES Abroad Nice 981257970 ABROAD PROG FR 0 114407 IES ASSOCIATION D'IES ABROAD-PARIS ABROAD PROG FR 14761 4840792 IES IES FOUNDATION (QUITO ECUADOR) ABROAD PROG EC -146 114427 IES THE INST FOR THE INTL ED OF STUDENTS (SPAIN) ABROAD PROG SP -70 6736280 IES IES ABROAD PATHWAYS LLC 33 W MONROE ST STE 2300 CHICAGO IL 606035405 ABROAD PROG DE 0 0 IES