Improving Economies For Stronger Communities
- Assets
- $24.4m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Washington, DC
- Founding
- 09/1964
- Data as of
- 12/2022
- EIN
- 13-2503656
Organization Overview
Improving Economies For Stronger Communities, operating under the name Iesc, is located in Washington, DC. The organization was established in 1964. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Iesc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iesc 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 12/2022, Iesc generated $23.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $23.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Iesc has awarded 52 individual grants totaling $6,953,823. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IESC IS A LEADING U.S. NONPROFIT ORGANIZATION THAT FOSTERS PRIVATE SECTOR DEVELOPMENT IN THE ECONOMICALLY DEVELOPING WORLD. SINCE 1964, WE HAVE DELIVERED LASTING SOLUTIONS THAT HAVE RESULTED IN MORE THAN 1.5 MILLION JOBS IN 137 COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE AND ENTERPRISE: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.
AGRICULTURE-LED GROWTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.
WORKFORCE, ENTREPRENEURSHIP AND YOUTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wing Keith Chairman | OfficerTrustee | 5 | $0 |
Jean Lange Director | Trustee | 1 | $0 |
Susan Gurley Director | Trustee | 1 | $0 |
Donald Layton Director | Trustee | 1 | $0 |
Richard Aldrich Director | Trustee | 1 | $0 |
Stuart Fleischmann Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saramac Consulting Llc Agricultural Commodity Monetization | 12/30/21 | $263,049 |
Fsi Strategies It Management | 12/30/21 | $103,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,392,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,392,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,784,779 |
| Total Program Service Revenue | $0 |
| Investment income | $9,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,794,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,107,227 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,710,130 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,733,682 |
| Compensation of current officers, directors, key employees. | $1,329,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,689,339 |
| Pension plan accruals and contributions | $553,858 |
| Other employee benefits | $852,626 |
| Payroll taxes | $351,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,637 |
| Fees for services: Accounting | $52,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,397,605 |
| Advertising and promotion | $0 |
| Office expenses | $263,227 |
| Information technology | $160,826 |
| Royalties | $0 |
| Occupancy | $920,161 |
| Travel | $1,406,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $355,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,452 |
| Insurance | $8,012 |
| All other expenses | $0 |
| Total functional expenses | $23,253,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,881,842 |
| Savings and temporary cash investments | $16,926,986 |
| Pledges and grants receivable | $1,436,846 |
| Accounts receivable, net | $738,894 |
| 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 | $63,496 |
| Net Land, buildings, and equipment | $28,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,290,213 |
| Total assets | $24,366,418 |
| Accounts payable and accrued expenses | $1,724,547 |
| 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 | $398,741 |
| Other liabilities | $20,007,247 |
| Total liabilities | $22,130,535 |
| Net assets without donor restrictions | $2,235,883 |
| 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 | $24,366,418 |
Grants Awarded
Over the last fiscal year, Improving Economies For Stronger Communities has awarded $1,107,227 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL COMMUNITIES PURPOSE: PROGRAM SERVICES | $180,741 |
UNIVERSITY OF FLORIDA PURPOSE: PROGRAM SERVICES | $189,988 |
CIPE PURPOSE: PROGRAM SERVICES | $179,189 |
WORLD FOOD LOGISTICS ORGANIZATION PURPOSE: PROGRAM SERVICES | $148,199 |
PURDUE UNIVERSITY PURPOSE: PROGRAM SERVICES | $148,700 |
GRAMEEN FOUNDATION USA PURPOSE: PROGRAM SERVICES | $35,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Engenderhealth Inc Washington, DC | $16,107,514 | $26,096,101 |
International City County Management Association Washington, DC | $27,369,951 | $26,533,226 |
Improving Economies For Stronger Communities Washington, DC | $24,366,418 | $23,794,254 |
International Center For Journalists Inc Washington, DC | $46,320,077 | $26,921,477 |
Peace Operations Training Institute Williamsburg, VA | $624,885 | $978,018 |
A Connected Planet Mclean, VA | $253,370 | $868,718 |
Glf Global Leadership Foundation U Sa Alexandria, VA | $252,921 | $342,894 |
Globalworks Foundation Washington, DC | $392,919 | $235,100 |
Microplanet Technologies Inc Washington, DC | $439,815 | $76,420 |
Virginia Section International City Management Association Richmond, VA | $338,210 | $0 |
Us-Kosovo Foundation Washington, DC | $154,310 | $6,431 |
Alliance For Conflict Transformation Inc Fairfax, VA | $44,861 | $0 |
Partners International Foundation Yorktown, VA | $249,073 | $0 |
International Relief And Development Holdings Inc Arlington, VA | $0 | $0 |