Institute For Study Abroad Inc
- Assets
- $14.0m
- Revenue
- $21.0m
- Investments
- $0.0
- Employees
- 46
- Location
- Indianapolis, IN
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 62-1355896
Organization Overview
Institute For Study Abroad Inc is located in Indianapolis, IN. The organization was established in 1988. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Institute For Study Abroad Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Study Abroad 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, Institute For Study Abroad Inc generated $21.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $22.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute For Study Abroad Inc has awarded 101 individual grants totaling $2,517,764. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IFSA-BUTLER CREATES GLOBAL LEARNING ENVIRONMENTS DESIGNED TO FOSTER THE DEVELOPMENT (SEE SCH O) OF CRITICAL PERSPECTIVES, KNOWLEDGE AND SKILLS ESSENTIAL FOR STUDENTS TO THRIVE IN THE FUTURE.
Describe the Organization's Program Activity:
WE PROVIDE COLLEGE LEVEL EDUCATION TO STUDENTS IN VARIOUS COUNTRIES AROUND THE WORLD. WE ALSO PROVIDE TRANSPORTATION, HOUSING, SOME MEALS, ORIENTATION, CLASSES AT UNIVERSITIES AND TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Bugalla Chairman And Director | Trustee | 2 | $0 |
Jan Kieling Secretary And Director | Trustee | 2 | $0 |
Alma Clayton-Pedersen Director | Trustee | 2 | $0 |
Amir Reza Director | Trustee | 2 | $0 |
Carol Lebold Director | Trustee | 2 | $0 |
David Gray Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maria De Las Mercedes Balado Legal | 6/29/20 | $114,750 |
Cloud Nerd Llc It Consulting | 6/29/20 | $494,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,488,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,488,041 |
| Total Program Service Revenue | $20,092,386 |
| Investment income | $62,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,101 |
| Net Gain/Loss on Asset Sales | -$754,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,026,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $532,086 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,020,159 |
| Compensation of current officers, directors, key employees. | $1,020,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,112,152 |
| Pension plan accruals and contributions | $99,816 |
| Other employee benefits | $633,387 |
| Payroll taxes | $343,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,070 |
| Fees for services: Accounting | $154,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,000 |
| Advertising and promotion | $116,157 |
| Office expenses | $172,002 |
| Information technology | $702,923 |
| Royalties | $0 |
| Occupancy | $1,065,920 |
| Travel | $119,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,127 |
| Insurance | $193,584 |
| All other expenses | $0 |
| Total functional expenses | $22,896,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,193,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,016,397 |
| 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 | $1,336,042 |
| Net Land, buildings, and equipment | $2,579,450 |
| Investments—publicly traded securities | $5,508,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,671 |
| Total assets | $13,951,324 |
| Accounts payable and accrued expenses | $1,484,852 |
| Grants payable | $0 |
| Deferred revenue | $1,570,239 |
| 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 | $91,690 |
| Other liabilities | $3,626,995 |
| Total liabilities | $6,773,776 |
| Net assets without donor restrictions | $7,177,548 |
| 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 | $13,951,324 |
Grants Awarded
Over the last fiscal year, Institute For Study Abroad Inc has awarded $516,615 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER UNIVERSITY PURPOSE: EDUCATIONAL | $69,650 |
COLGATE UNIVERSITY PURPOSE: EDUCATIONAL | $77,750 |
EMORY UNIVERSITY PURPOSE: EDUCATIONAL | $31,000 |
FRANKLIN & MARSHALL COLLEGE PURPOSE: EDUCATIONAL | $44,250 |
GETTYSBURG COLLEGE PURPOSE: EDUCATIONAL | $34,500 |
TULANE UNIVERSITY PURPOSE: EDUCATIONAL | $40,000 |