International American Education Foundation Inc
- Assets
- $129.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Buffalo, NY
- Founding
- 04/1993
- Data as of
- 06/2022
- EIN
- 16-1398469
Organization Overview
International American Education Foundation Inc is located in Buffalo, NY. The organization was established in 1993. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, International American Education Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International American Education Foundation 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 06/2022, International American Education Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AN EDUCATION COMPARABLE TO UNITED STATES SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS PROVIDED AID AND SUPPORT, INCLUDING CERTIFIED TEACHERS, OTHER PERSONNEL & INSTRUCTIONAL MATERIALS TO EDUCATIONAL INSTITUTIONS LOCATED IN FOREIGN COUNTRIES, SO THAT SUCH INSTRUCTIONS MAY BE PROVIDED TO DEPENDENTS OF U.S. CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pettersch Key Employee | Trustee | 1 | $67,302 |
Meilay Lam Secretary | Officer | 1 | $0 |
Estuardo Biguria Vice President | Officer | 1 | $0 |
Deirdre Simon Treasurer | Officer | 1 | $0 |
Michael Corser President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,233,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,233,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,233,000 |
| 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. | $148,355 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,396,173 |
| Pension plan accruals and contributions | $110,598 |
| Other employee benefits | $0 |
| Payroll taxes | $145,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,856 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,077 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $42,850 |
| Total functional expenses | $2,323,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,619 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,966 |
| Total liabilities | $4,966 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $124,653 |
| 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 | $129,619 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International American Education Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Conduit Foundation Chicago, IL PURPOSE: GENERAL PURPOSES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pci-Media Impat Inc New York, NY | $614,361 | $2,829,865 |
International American Education Foundation Inc Buffalo, NY | $129,619 | $2,233,000 |
Dominican Republic Education And Mentoring Project Inc Milton, VT | $3,206,399 | $1,512,757 |
Kobo Inc Cambridge, MA | $804,179 | $590,824 |
Africa Yoga Project Inc Brooklyn, NY | $232,220 | $369,700 |
Nova Hope For Haiti Inc Emerson, NJ | $1,025,948 | $137,231 |
Hermano Pedro Social Works Foundation Mount Vernon, NY | $86,173 | $256,605 |
Armenian American Healthprofessionals Organization Inc Far Hills, NJ | $36,509 | $0 |
American International Schools Foundation Incorporated Princeton, NJ | $1,360,325 | $136,704 |
Friends Of The Institute Forzionist Strategies Brooklyn, NY | $99,541 | $0 |
Audia Caring Heritage Association Washington, PA | $760 | $0 |
Sacred Link Global Humanitarian Project Honesdale, PA | $4,503 | $2 |