Institute For The International Education Of Students
- Assets
- $118.9m
- Revenue
- $126.7m
- Investments
- $0.0
- Employees
- 206
- Location
- Chicago, IL
- Founding
- 11/1960
- Data as of
- 06/2023
- EIN
- 36-2251912
Organization Overview
Institute For The International Education Of Students, operating under the name IES Abroad, is located in Chicago, IL. The organization was established in 1960. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, IES Abroad employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. IES Abroad 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 06/2023, IES Abroad generated $126.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $121.8m during the year ending 06/2023. While expenses have increased by 5.8% per year over the past 8 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
THE INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS (IES) EDUCATES STUDENTS TO BECOME GLOBAL LEADERS THROUGH PREMIER STUDY ABROAD AND INTERNSHIP PROGRAMS, WHICH OFFER STUDENTS WORLDWIDE EXPERIENTIAL LEARNING OPPORTUNITIES THAT MEET THE HIGHEST STANDARDS OF ACADEMIC QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS ("IES") WAS FOUNDED IN 1950 AND IS A GLOBAL ORGANIZATION WITH ACADEMIC PROGRAMS AROUND THE WORLD. IES IS A CONSORTIUM COMPRISED OF SELECTIVE U.S. COLLEGES AND UNIVERSITIES AND ENROLLS STUDENTS ANNUALLY IN PROGRAMS ACROSS AFRICA, ASIA, AUSTRALIA, NEW ZEALAND, EUROPE, SOUTH AMERICA, AND NORTH AMERICA. IES OFFERS A BROAD-BASED CURRICULUM THAT ENCOMPASSES BUSINESS AND INTERNATIONAL STUDIES; COMMUNICATIONS AND MEDIA; FINE AND PERFORMING ARTS; HUMANITIES; SCIENCE, ENGINEERING, AND HEALTH; AND SOCIAL AND BEHAVIORAL SCIENCES. IES STRIVES TO PROVIDE STUDENTS THE OPPORTUNITY TO PROMOTE THEIR ACADEMIC AND SOCIAL GROWTH WHILE FOSTERING SPECIFIC SKILLS THAT LEAD TO THE DEVELOPMENT OF INTERCULTURAL UNDERSTANDING. SOME OF THE MOST CHALLENGING OPPORTUNITIES IN STUDY ABROAD CAN BE FOUND OUTSIDE THE CLASSROOM. IES OFFERS EXTENSIVE INTERNSHIP, FIELD STUDY, VOLUNTEER, AND CULTURAL PROGRAMS DESIGNED TO COMPLEMENT THE STUDENTS' ACADEMIC COURSE WORK AND CULTIVATE AN APPRECIATION OF CULTURES OTHER THAN A STUDENT'S OWN. IES ABROAD EDUCATES STUDENTS TO BECOME GLOBAL LEADERS THROUGH PREMIER STUDY ABROAD AND INTERNSHIP PROGRAMS, WHICH OFFER STUDENTS WORLDWIDE EXPERIENTIAL LEARNING OPPORTUNITIES THAT MEET THE HIGHEST STANDARDS OF ACADEMIC QUALITY. THE STUDY ABROAD FOUNDATION ("SAF"), A BRANCH OF IES, LOCATED IN INDIANAPOLIS, IN, FACILITATES FOREIGN (CHINA, TAIWAN, JAPAN, AND KOREA) COLLEGE-AGE STUDENTS TO ENROLL DIRECTLY AT PREMIER UNIVERSITIES AND COLLEGES LOCATED IN AUSTRALIA, CANADA, FRANCE, GERMANY, IRELAND, ITALY, KOREA, MAINLAND CHINA, NEW ZEALAND, SPAIN, SWITZERLAND, THE UNITED KINGDOM, AND THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/president | OfficerTrustee | 37.5 | $861,073 |
Name Not Listed Director (vice Chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (vice Chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Director (until 1/31/23) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ffw Llc Web Services | 6/29/23 | $1,232,460 |
Ntirety It Services | 6/29/23 | $691,520 |
Campus Management Corporation It Services | 6/29/23 | $662,127 |
E-gineering Llc It Services | 6/29/23 | $435,382 |
Huron Consulting Services It Consulting Services | 6/29/23 | $373,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,980 |
| Related organizations | $0 |
| Government grants | $286,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,628,789 |
| Noncash contributions included in lines 1a–1f | $41,681 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,939,012 |
| Total Program Service Revenue | $125,035,208 |
| Investment income | $1,388,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $628,123 |
| Net Income from Fundraising Events | -$2,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,705,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,844,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,869 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,286,245 |
| Compensation of current officers, directors, key employees. | $2,301,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,747,625 |
| Pension plan accruals and contributions | $1,964,088 |
| Other employee benefits | $2,577,444 |
| Payroll taxes | $5,019,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $597,546 |
| Fees for services: Accounting | $635,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,289,291 |
| Advertising and promotion | $1,694,864 |
| Office expenses | $1,277,179 |
| Information technology | $3,902,412 |
| Royalties | $0 |
| Occupancy | $6,978,615 |
| Travel | $6,235,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $771,600 |
| Interest | $3,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,250,599 |
| Insurance | $731,587 |
| All other expenses | $2,107,050 |
| Total functional expenses | $121,849,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,982,320 |
| Savings and temporary cash investments | $10,324,365 |
| Pledges and grants receivable | $485,777 |
| Accounts receivable, net | $14,689,005 |
| 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 | $3,362,360 |
| Net Land, buildings, and equipment | $3,819,598 |
| Investments—publicly traded securities | $52,307,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,887,693 |
| Total assets | $118,858,315 |
| Accounts payable and accrued expenses | $18,257,791 |
| Grants payable | $0 |
| Deferred revenue | $5,073,351 |
| 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 | $292,511 |
| Other liabilities | $20,283,794 |
| Total liabilities | $43,907,447 |
| Net assets without donor restrictions | $68,980,404 |
| Net assets with donor restrictions | $5,970,464 |
| 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 | $118,858,315 |