International Institute Foundation In Spain
- Assets
- $12.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Milford, MA
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 04-2306408
Organization Overview
International Institute Foundation In Spain is located in Milford, MA. The organization was established in 1942. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, International Institute Foundation In Spain employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Institute Foundation In Spain is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, International Institute Foundation In Spain generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE OFFERS EDUCATIONAL AND CULTURAL EXCHANGE PROGRAM COURSES IN MADRID, SPAIN, WHERE IT ALSO MAINTAINS A LENDING LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OFFERS SPANISH CULTURAL PROGRAMMING TO AMERICAN COLLEGE STUDENTS AND AMERICAN CULTURAL COURSES TO SPANISH STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen K Ault Board Liaison | 20 | $110,000 | |
Prof Raquel M Halty Director/vp | OfficerTrustee | 1 | $0 |
Francis V Lloyd III Director/treasurer | OfficerTrustee | 1 | $0 |
Prof Margery Resnick Director/president | OfficerTrustee | 1 | $0 |
Thomas M Hotaling AIA Director/clerk | OfficerTrustee | 1 | $0 |
Pilar Pinon Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,600 |
| Total Program Service Revenue | $536,076 |
| Investment income | $65,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $808,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,432,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $175,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,225 |
| Fees for services: Accounting | $36,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,796 |
| Fees for services: Other | $32,404 |
| Advertising and promotion | $62,264 |
| Office expenses | $2,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,154 |
| Travel | $19,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,293 |
| Insurance | $20,551 |
| All other expenses | $0 |
| Total functional expenses | $1,517,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,768 |
| Net Land, buildings, and equipment | $3,646,630 |
| Investments—publicly traded securities | $8,683,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,548 |
| Total assets | $12,719,713 |
| Accounts payable and accrued expenses | $219,716 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,716 |
| Net assets without donor restrictions | $12,499,997 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,719,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Institute Foundation In Spain has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kauffmann Family Foundation Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Afs-Usa Inc New York, NY | $16,942,442 | $16,772,784 |
American Academy In Rome New York, NY | $156,286,917 | $13,968,918 |
Alexander Muss Institute For Israel Education Inc Rockville Centre, NY | $21,964,723 | $9,700,291 |
Onward Israel Usa Inc New York, NY | $2,215,370 | $5,939,234 |
Showa Boston Institute For Language And Culture Jamaica Plain, MA | $39,110,971 | $10,562,824 |
Afs Intercultural Programs Inc New York, NY | $14,241,646 | $12,687,356 |
Egyptian-American Enterprise Fund New York, NY | $169,845,703 | $41,150,119 |
International Student Exchange Inc Bay Shore, NY | $14,840,965 | $6,979,556 |
Insead North America Inc Valhalla, NY | $10,753,709 | $6,277,643 |
Program Of Academic Exchange Port Chester, NY | $4,242,998 | $6,723,504 |
School Year Abroad Inc North Andover, MA | $31,777,579 | $4,148,421 |
Urban Assembly Inc New York, NY | $3,965,114 | $5,718,202 |