Iese Foundation Inc
- Assets
- $18.5k
- Revenue
- $283.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2008
- Data as of
- 08/2023
- EIN
- 26-1822489
Organization Overview
Iese Foundation Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B19) the organization is classified as: Support 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 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 08/2023, Iese Foundation Inc generated $283.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $276.6k during the year ending 08/2023. While expenses have increased by 28.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IESE FOUNDATION, INC'S PRIMARY PURPOSES ARE TO SUPPORT RESEARCH, THE DISSEMINATION OF INFORMATION, EDUCATION AND TRAINING, ALL RELATED TO BUSINESS AND MANAGEMENT AND TO ECONOMICS, SOCIOLOGY, PSYCHOLOGY AND OTHER DISCIPLINES IN SO FAR AS THEY RELATE TO BUSINESS AND MANAGEMENT. IT WILL ACHIEVE ITS GOALS THROUGH GRANTS TO SUPPORT THE DEVELOPMENT AND ACTIVITIES OF OTHER NOT-FOR-PROFIT ENTITIES IN SO FAR AS THEIR PROGRAMS AND ACTIVITIES CONTRIBUTE TO THE ACHIEVEMENT OF THE CORPORATION'S PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A GRANT OF $50,000 WAS MADE TO IESE USA, INC WHICH OPERATES THE FACILITIES IN NEWYORK CITY USED BY IESE BUSINESS SCHOOL TO CONDUCT MANAGEMENT EDUCATION COURSES AND TO CARRY OUT RESEARCH. THE UNRESTRICTED GRANT WAS IN SUPPORT OF OPERATIONS OF IESE USA,INC INCLUDING COSTS ASSOCIATED WITH RENTING AND OPERATING A FACILITY AND RUNNINGEDUCATIONAL PROGRAMS.A GRANT OF $60,000 WAS MADE TO FUNDACION INTERNACIONAL IESE WHICH HOLDS THE IESE ENDOWMENT. THIS ENDOWMENT SUPPORTS THE ACTIVITIES OF IESE BUSINESS SCHOOL WHICH HAS ITS MAIN CAMPUS IN BARCELONA, SPAIN. THE GRANT IS FOR THE ENDOWMENT SUBFUND NAMED THE FONDO FAMILIA AMTMANN WHICH SUPPORTS SCHOLARSHIPS FOR IESES MBA PROGRAM FOR STUDENTS FROM NORTH AND SOUTH AMERICA. A GRANT OF $160,000 WAS ALSO MADE TO FUNDACION INTERNACIONAL IESE IN SPAIN FOR THE PURPOSE OF SUPPORTING A RESEARCH PROJECT CONDUCTED AT IESE BUSINESS SCHOOL ON PUBLIC-PRIVATE PARTNERSHIPS WITH FOCUS ON THE BARCELONA INNOVATION ECOSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordi Canals Trustee/pres | OfficerTrustee | 1 | $0 |
Jamie Alonso Trustee/secy | OfficerTrustee | 1 | $0 |
Rose Cosio Trustee | Trustee | 1 | $0 |
Eric Weber Trustee/vp | OfficerTrustee | 1 | $0 |
Claire Huang Trustee | Trustee | 1 | $0 |
William Layton Trustee | Trustee | 0 | $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 | $283,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,616 |
| 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 | $283,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,937 |
| Fees for services: Accounting | $2,937 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $222 |
| 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 | $0 |
| Total functional expenses | $276,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,530 |
| 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 | $0 |
| 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 | $18,530 |
| Accounts payable and accrued expenses | $2,937 |
| 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 | $0 |
| Total liabilities | $2,937 |
| Net assets without donor restrictions | $15,593 |
| 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 | $18,530 |
Grants Awarded
Over the last fiscal year, Iese Foundation Inc has awarded $270,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDACION INTERNATIONAL IESE PURPOSE: restricted to research | $160,000 |
FUNDACION INTERNATIONAL IESE PURPOSE: restricted to scholarships | $60,000 |
IESE USA INC PURPOSE: General support | $50,000 |