Iese Usa Inc
- Assets
- $12.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2008
- Data as of
- 08/2023
- EIN
- 26-1565422
Organization Overview
Iese Usa Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iese USA 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 08/2023, Iese USA Inc generated $5.4m 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 (3.1%) each year. All expenses for the organization totaled $5.9m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTIVE EDUCATION PROGRAMS:GENERAL MANAGEMENT PROGRAMS OF SEVERAL DAYS OR WEEKS ARE OFFERED TO CORPORATE EXECUTIVES BY IESE BUSINESS SCHOOL, WITH SUPPORTING OPERATIONS FOR THESE U.S. PROGRAMS BEING ACCOMPLISHED BY IESE USA, INC. FOUR WEEKS OF PROGRAMS WERE HELD JOINTLY WITH THE WHARTON BUSINESS SCHOOL FOR A TOTAL OF 103 ATTENDEES OF THE GLOBAL CEO PROGRAM. 17 CUSTOM EXECUTIVE EDUCATION PROGRAMS WERE HELD FOR 12 DIFFERENT CLIENTS INCLUDING SEVEN FORTUNE 500 COMPANIES, A CONSORTIUM OF MEDIA COMPANIES, AND THE UNITED NATIONS. COMPANIES INCLUDED MANUFACTURERS IN THE AUTO INDUSTRY, INSURERS, A HOSPITALITY COMPANY AND OTHERS. TYPICAL PROGRAMS ARE FOR 30-50 SENIOR PERSONNEL.IN ADDITION TO STAND-ALONE U.S. PROGRAMS, IESE USA SUPPORTS BRINGING MODULES OF IESE'S BARCELONA AND MADRID-BASED PROGRAMS TO NEW YORK. OVER 300 EXECUTIVE MBA STUDENTS ATTENDED ONE OF FIVE 1-2 WEEK MODULES HELD AT THE NEW YORK CAMPUS. EIGHT 2-5 DAY MODULES FOR EXECUTIVE STUDENTS OF LATIN AMERICAN AND EUROPEAN BUSINESS SC
INSTITUTIONAL DEVELOPMENT AND OUTREACH:IESE BUSINESS SCHOOL FACULTY CONTINUED DEVELOPING MATERIALS TO BE USED IN TEACHING MBA, EXECUTIVE, AND CUSTOM PROGRAMS, AS WELL AS ARTICLES AND CASES FOR PUBLICATION. IN THE REPORTING PERIOD, NEW YORK FACULTY WORKED ON THREE ARTICLES IN TOP PEER-REVIEWED JOURNALS: ONE ON THE TENSION BETWEEN INSTITUTIONAL LOGICS LEADING TO DISASTERS IN BOEING PLANES (SUBMITTED TO THE ACADEMY OF MANAGEMENT JOURNAL), A SECOND ON CROSS-INSTITUTIONAL GOVERNANCE IN UNSETTLED CONTEXTS (SUBMITTED TO THE ACADEMY OF MANAGEMENT REVIEW); AND A THIRD ON INSIDE-OUT AND OUTSIDE-IN PERSPECTIVES OF CORPORATE PURPOSE, PUBLISHED BY STRATEGY SCIENCE. BOOK CHAPTERS ON THE TOPICS OF PLURAL INSTITUTIONS IN A SUSTAINABLE SOCIETY AND ONE ON THE PURPOSE OF A CATHOLIC UNIVERSITY WERE COMPLETED. THE FUNDS PARTIALLY COVERED THE SALARY OF A FACULTY MEMBER.EIGHT FACULTY LEAD SEMINARS FOR ALUMNI AND GUESTS WERE HELD FOR 250 TOTAL ATTENDEES. RESEARCH WAS PRESENTED AND CONNECTIONS WERE RENEWED BET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Weber Trustee & Pres | 3 | $0 | |
Fernando Penalva Trustee | 1 | $0 | |
Federico Riera Marsa Trustee & VP | 4 | $0 | |
John Coverdale Trustee & Secy | 1 | $0 | |
Paul Gallagher Treasurer | 40 | $98,155 | |
Jaume Vidal Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Baker | 8/30/19 | $100,000 |
Jacqueline Sitterle | 8/30/19 | $93,064 |
Michelle Greenwald | 8/30/19 | $56,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $134 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,304,416 |
| Total Revenue | $5,354,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $319,728 |
| Other employee salaries and wages | $1,175,081 |
| Pension plans, employee benefits | $26,011 |
| Interest | $0 |
| Taxes | $84,931 |
| Depreciation | $970,904 |
| Occupancy | $459,405 |
| Travel, conferences, and meetings | $597,213 |
| Printing and publications | $11,217 |
| Other expenses | $2,115,075 |
| Total operating and administrative expenses | $5,872,592 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,872,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,056 |
| Savings and temporary cash investments | $1,251,533 |
| Net Accounts receivable | $1,243,112 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $352,625 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,473,471 |
| Other assets | $2,606,916 |
| Total assets | $12,170,713 |
| Accounts payable and accrued expenses | $925,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,911,500 |
| Total liabilities | $4,837,015 |