Institute Of International Education Inc
- Assets
- $353.0m
- Revenue
- $276.2m
- Investments
- $11.3m
- Employees
- 566
- Location
- New York, NY
- Founding
- 01/1945
- Data as of
- 09/2021
- EIN
- 13-1624046
Organization Overview
Institute Of International Education Inc is located in New York, NY. The organization was established in 1945. 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 09/2021, Institute Of International Education Inc employed 566 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of International Education Inc 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 09/2021, Institute Of International Education Inc generated $276.2m 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 (11.9%) each year. All expenses for the organization totaled $244.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute Of International Education Inc has awarded 544 individual grants totaling $286,004,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IIE IS AN INTL NFP ORG THAT ADVANCES INTL EDUCATION THROUGH HIGHER EDUCATION SCHOLARSHIP, EXCHANGE & DIALOGUE PROGRAMS FOR PUBLIC & PRIVATE SECTOR DONORS & SPONSORS.
Describe the Organization's Program Activity:
INTERNATIONAL EXCHANGE OF STUDENTS AND SCHOLARS. SEE SCHEDULE O.
LEADERSHIP DEVELOPMENT EDUCATIONAL SERVICES. SEE SCHEDULE O.
HIGHER EDUCATION INSTITUTIONAL DEVELOPMENT. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Allan E Goodman Trustee/ceo | OfficerTrustee | 40 | $708,514 |
Mr Jason Czyz Evp/cfo | Officer | 40 | $509,431 |
Mr Maximillian Angerholzer III Executive VP Thru 3/24/2020 | 40 | $435,848 | |
Mr Peter Young Svp, Chief Technology Officer | 40 | $355,473 | |
Ms Courtney Temple Svp, Cao | 40 | $320,246 | |
Ms Edith Cecil Senior Vice President | 40 | $319,492 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marks Paneth Llp Tax Advisors | 9/29/21 | $1,959,608 |
Hotel Circle Venture Llc Accomodation | 9/29/21 | $414,824 |
Kae Strategic Llc Program Strategy Svc | 9/29/21 | $120,000 |
Pricewaterhousecoopers Llp Audit & Tax Services | 9/29/21 | $610,000 |
Kl Gates Llp Legal Services | 9/29/21 | $103,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,112,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,186,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,299,226 |
| Total Program Service Revenue | $28,267,419 |
| Investment income | $3,157,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,428,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,172,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,642,696 |
| Grants and other assistance to domestic individuals. | $94,537,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,593,857 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,675,719 |
| Compensation of current officers, directors, key employees. | $495,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,939,240 |
| Pension plan accruals and contributions | $3,394,829 |
| Other employee benefits | $8,501,747 |
| Payroll taxes | $2,871,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $486,660 |
| Fees for services: Accounting | $711,163 |
| Fees for services: Lobbying | $292,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $162,584 |
| Fees for services: Other | $19,829,930 |
| Advertising and promotion | $0 |
| Office expenses | $1,913,081 |
| Information technology | $2,098,061 |
| Royalties | $0 |
| Occupancy | $6,532,630 |
| Travel | $319,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,384,509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,588,294 |
| Insurance | $487,020 |
| All other expenses | $633,858 |
| Total functional expenses | $244,596,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,821,059 |
| Savings and temporary cash investments | $58,606,841 |
| Pledges and grants receivable | $1,267,708 |
| Accounts receivable, net | $37,517,519 |
| 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 | $7,718,807 |
| Net Land, buildings, and equipment | $11,694,883 |
| Investments—publicly traded securities | $210,568,260 |
| Investments—other securities | $11,255,024 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,555,491 |
| Total assets | $353,005,592 |
| Accounts payable and accrued expenses | $44,440,936 |
| Grants payable | $28,595,927 |
| Deferred revenue | $129,229 |
| 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 | $73,166,092 |
| Net assets without donor restrictions | $187,930,411 |
| Net assets with donor restrictions | $91,909,089 |
| 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 | $353,005,592 |
Grants Awarded
Over the last fiscal year, Institute Of International Education Inc has awarded $42,642,696 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MONTANA PURPOSE: EDUCATION EXCHANGE | $6,472,419 |
INDIANA UNIVERSITY PURPOSE: EDUCATION EXCHANGE | $3,785,519 |
Bryn Mawr, PA PURPOSE: EDUCATION EXCHANGE | $3,639,697 |
UNIVERSITY OF HAWAII PURPOSE: EDUCATION EXCHANGE | $2,509,864 |
San Diego, CA PURPOSE: EDUCATION EXCHANGE | $2,469,289 |
UNIVERSITY OF WISCONSIN PURPOSE: EDUCATION EXCHANGE | $1,385,478 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute Of International Education Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Winterburn Foundation New York, NY PURPOSE: EDUCATION PROGRAMS | $75,000 |
Endowment Analysis
| Beg. Balance | $163,447,909 |
| Earnings | $23,274,477 |
| Net Contributions | $106,017 |
| Other Expense | $3,709,724 |
| Ending Balance | $183,118,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of International Education Inc New York, NY | $353,005,592 | $276,172,222 |
World Education Services Inc New York, NY | $221,911,530 | $107,632,026 |
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 |