International House
- Assets
- $113.6m
- Revenue
- $15.7m
- Investments
- $9.8m
- Employees
- 71
- Location
- New York, NY
- Founding
- 03/1938
- Data as of
- 06/2021
- EIN
- 13-1624048
Organization Overview
International House is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, International House employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International House 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 House generated $15.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $11.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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 MISSION OF INTERNATIONAL HOUSE IS TO ENABLE SELECTED UNIVERSITY STUDENTS, FELLOWS, FACULTY, AND INTERNS FROM COUNTRIES AROUND THE WORLD AND THE UNITED STATES TO LIVE AND LEARN TOGETHER IN A CHALLENGING AND SUPPORTIVE RESIDENTIAL COMMUNITY IN NEW YORK CITY THAT BUILDS LIFE-LONG QUALITIES OF LEADERSHIP, RESPECT, EMPATHY, AND MORAL COURAGE AMONG INDIVIDUALS OF ALL NATIONS AND BACKGROUNDS. THIS INDEPENDENT, NON-PROFIT, MEMBERSHIP ORGANIZATION ACHIEVES ITS MISSION BY DAILY INTERACTION AMONG ITS RESIDENTS AND OTHER MEMBERS THROUGH PROGRAMS, FACILITIES, AND RESIDENTIAL LIFE DESIGNED TO FOSTER DIVERSITY OF THOUGHT AND EXPERIENCE, AND TO PREPARE OUR RESIDENTS AS ALUMNI TO MEET THE CHALLENGES OF AN INTERDEPENDENT WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL HOUSE IS A RESIDENTIAL AND PROGRAMMATIC COMMUNITY DEVOTED TO THE MISSION OF PROMOTING CROSS-CULTURAL UNDERSTANDING FOR 750-900 CAREFULLY SELECTED INTERNATIONAL AND AMERICAN UNIVERSITY STUDENTS FROM OVER 100 COUNTRIES. THE RESIDENT MEMBERS STUDY OR TRAIN AT OVER 60 NYC-AREA INSTITUTIONS IN A WIDE RANGE OF DISCIPLINES. IN ADDITION, OVER 400 NON-RESIDENT, AFFILIATE AND ALUMNI MEMBERS PARTICIPATE IN I. HOUSE EVENTS AND PROGRAMS DESIGNED TO ACHIEVE THE MISSION.
INTERNATIONAL HOUSE OFFERS PROGRAMMATIC FACILITIES AND AUXILIARY SERVICES. THEY INCLUDE PROGRAMS & RESIDENT LIFE OFFICE, RESIDENT SUUPORT SERVICES INCLUDING COUNSELING, CRISIS INTERVENTION AND REFERRALS, FITNESS CENTER, GYMNASIUM, AUDITORIUM, PUB, STUDY CENTER, MUSIC PRACTICE ROOMS (8), COMPUTER LAB, TV LOUNGES (2), SPECIAL EVENTS AND PROGRAMMATIC ROOMS (7), GUEST FACILITIES (11), STORAGE FACILITIES, BIKE ROOM, VARIOUS FLOOR LOUNGES (16), DINING SERVICE, MAIL SERVICE, LAUNDRY SERVICE, VENDING, PHONE, INTERNET.
INTERNATIONAL HOUSE OFFERS EDUCATION, SOCIAL, CULTURAL AND HEALTH PROGRAMMING AND LEADERSHIP TRAINING TO PROMOTE CROSS-CULTURAL UNDERSTANDING, INCLUDING ORIENTATION AND TRAINING PROGRAMS, WOMEN INTERNATIONAL LEADERSHIP PROGRAM, INTERNATIONAL LEADERS PROGRAM, DISTINGUISHED SPEAKER PROGRAMS (MARSHALL VISITOR, DAVID ROCKEFELLER INTERNATIONAL VISITOR, J J MCCLOY VISITOR, PATRICIA M CLOHERTY VISITOR, JOHN C WHITEHEAD CORPORATE SERIES, LEADERSHIP IN THE ARTS, INTERNATIONAL FORUM), LANGUAGE EXCHANGE PROGRAMS, FALL FIESTA AND ALL NATIONS CELEBRATION. BALLS AND DANCING ACTIVITIES, COMMUNITY WEEKENDS, MEET YOUR TRUSTEES, RESIDENT RECITALS, SALON NIGHTS, ROUNDTABLES, SUNDAY SUPPERS, IH TUTORIAL PROGRAM, WALK ON WALL STREET, ALUMNI PROFESSIONAL INTEREST MEETINGS, ETC. (APPROX. 25 CATEGORIES OF PROGRAMS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sebastian Fries President & CEO | Officer | 40 | $320,486 |
Lawrence M Palfini VP Of Facilities Mgt. | 40 | $221,748 | |
Vincent M Melito Director, Facilities | 40 | $188,816 | |
Brian Polovoy Interim President/trustee | OfficerTrustee | 40 | $150,829 |
Deepak Butani V.P. Finance & Operation (outgoing) | Officer | 40 | $124,553 |
Heriberto Altieri Director Of Information Se | 40 | $112,744 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Am Stern Architects Architect | 6/29/21 | $1,162,316 |
Thomas Carley Consulting Services | 6/29/21 | $172,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,620,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,490,481 |
| Noncash contributions included in lines 1a–1f | $92,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,110,832 |
| Total Program Service Revenue | $2,378,270 |
| Investment income | $870,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,338,047 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,698,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $107,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $574,087 |
| Compensation of current officers, directors, key employees. | $574,087 |
| Compensation to disqualified persons | $119,121 |
| Other salaries and wages | $3,566,213 |
| Pension plan accruals and contributions | $89,547 |
| Other employee benefits | $906,543 |
| Payroll taxes | $356,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,553 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $283,892 |
| Fees for services: Other | $102,395 |
| Advertising and promotion | $10,050 |
| Office expenses | $149,090 |
| Information technology | $219,067 |
| Royalties | $0 |
| Occupancy | $1,201,857 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,729,446 |
| Insurance | $382,567 |
| All other expenses | $30,205 |
| Total functional expenses | $11,060,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100 |
| Savings and temporary cash investments | $4,381,192 |
| Pledges and grants receivable | $130,000 |
| Accounts receivable, net | $909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,054 |
| Prepaid expenses and deferred charges | $457,014 |
| Net Land, buildings, and equipment | $39,454,152 |
| Investments—publicly traded securities | $58,146,342 |
| Investments—other securities | $9,765,482 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,260,873 |
| Total assets | $113,609,118 |
| Accounts payable and accrued expenses | $931,326 |
| Grants payable | $0 |
| Deferred revenue | $576,574 |
| 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 | $1,170,300 |
| Other liabilities | $0 |
| Total liabilities | $2,678,200 |
| Net assets without donor restrictions | $83,135,565 |
| Net assets with donor restrictions | $27,795,353 |
| 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 | $113,609,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International House has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Pirzada Family Foundation Fremont, CA PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $41,863,959 |
| Earnings | -$4,732,462 |
| Other Expense | $2,045,416 |
| Ending Balance | $35,086,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Learning Inc Brattleboro, VT | $69,510,730 | $48,654,850 |
Birthright Israel Foundation New York, NY | $97,221,190 | $44,527,782 |
Educational Foundation For Foreign Study A Non-Profit Corp Cambridge, MA | $3,594,555 | $13,477,105 |
Interexchange Inc New York, NY | $29,194,996 | $11,958,069 |
International House New York, NY | $113,609,118 | $15,698,027 |
Itrek Inc New York, NY | $9,805,807 | $9,090,529 |
National Committee On United States China Relations Inc New York, NY | $21,325,649 | $8,071,507 |
Friends Of Israel Scouts Inc New York, NY | $4,590,844 | $5,759,248 |
Eisenhower Exchange Fellowships Inc Philadelphia, PA | $65,596,103 | $6,998,560 |
Project Harmony Inc Waitsfield, VT | $1,544,507 | $3,847,888 |
American Institute For Foreign Study Foundation Stamford, CT | $1,363,621 | $3,335,137 |
America-Israel Friendship League Inc New York, NY | $677,859 | $1,125,516 |