Institute Of International Education Inc in New York, New York (NY)

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Institute Of International Education Inc
Employer Identification Number (EIN)131624046
Name of OrganizationInstitute Of International Education Inc
In Care of NameKevin Haggerty
Address809 United Nations Plz 6th Fl, New York, NY 10017-3503
ActivitiesOther school related activities, Endowment fund or financial services, Fundraising
SubsectionCharitable Organization, Educational Organization
Ruling Date01/1945
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$264,124,642
Amount of Income$442,854,339
Form 990 Revenue Amount$438,617,954
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Student Exchange and Aid


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Amount of income in 2013: $442,854,339
Institute Of International Education Inc: 

 $442,854,339
Other organizations performing similar types of work: 

 $604,197

Assets in 2013: $264,124,642
Institute Of International Education Inc: 

 $264,124,642
Other organizations performing similar types of work: 

 $369,841

Expenses in 2013: $436,192,243
This organization: 

 $436,192,243
Other organizations performing similar types of work: 

 $635,943

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 97.3%
This organization: 

 97.3%
Other organizations performing similar types of work: 

 75.9%

Number of employees in 2013: 720
This organization: 

 720
Other organizations performing similar types of work: 

 4

Employees paid over $100,000 in 2013: 11.5%
Institute Of International Education Inc: 

 11.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 95.0%
This organization: 

 95.0%
Other organizations performing similar types of work: 

 2.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoYes
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096349361
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return674720
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$5,549,140$4,642,357
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$877,809$883,413
Total number of individuals who received more than $100,000 of reportable compensation from the organization6665
Total number of independent contractors who received more than $100,000 of compensation from the organization1518
Statement of Revenue
201120122013
Total revenue$366,688,861$384,248,554$438,617,954
Contributions, Gifts, Grants and Other Similar Amounts$339,940,082$360,377,790$416,881,029
Program Service Revenue$22,111,555$18,872,519$17,528,882
900099$16,861,708$15,709,822
900099$400,119$729,898
900099$1,610,692$1,089,162
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,485,840$2,667,340$1,617,099
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$1,172,685$1,468,121$1,502,825
Gross amount from sales of assets other than inventory (Securities / Other)$3,585,295 / $238,060$4,700,726 / $238,060$5,337,150 / $238,060
Less: cost or other basis and sales expenses (Securities / Other)$2,650,670 / $0$3,470,665 / $0$4,072,385 / $0
Gain or (loss) (Securities / Other)$934,625 / $238,060$1,230,061 / $238,060$1,264,765 / $238,060
Net income/loss from fundraising events$-21,902$60,030$90,948
Gross income from fundraising events$90,098$433,030$254,948
Less: direct expenses$112,000$373,000$164,000
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$601$802,754$997,171
900099$802,754$997,171
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$370,702,749$386,452,876$436,192,243
Grants and other assistance to domestic organizations and domestic governments$38,608,182$38,542,770
Grants and other assistance to domestic individuals$175,008,171$226,692,197
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$64,363,568$55,473,689
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$4,103,728$3,886,384$3,579,434
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$32,273,266$33,224,262$36,224,820
Pension plan accruals and contributions$2,767,648$2,818,763
Other employee benefits$5,888,120$6,868,802
Payroll taxes$2,456,769$2,468,772$2,596,932
Fees for services (non-employees)
Management$0$0
Legal$439,462$596,893
Accounting$343,106$454,576
Lobbying$65,018$118,044
Professional fundraising services$0$105,000$52,500
Investment management fees$251,841$236,090
Other$12,894,775$7,878,462
Advertising and promotion$0$0
Office expenses$4,002,933$4,880,804
Information technology$3,254,161$3,028,230
Royalties$0$0
Occupancy$6,436,892$6,696,900
Travel$2,006,309$2,574,820
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$14,400,324$16,623,422
Interest$749,279$728,073
Payments to affiliates$0$0
Depreciation, depletion, and amortization$3,831,253$3,684,310
Insurance$320,738$333,832
Other expenses$11,136,678$15,507,880
Balance Sheet
201120122013
Total assets$163,037,560$214,153,444$264,124,642
Cash - non-interest-bearing$5,110,525$13,779,184
Savings and temporary cash investments$30,966,554$74,738,054
Pledges and grants receivable, net$4,318,880$1,688,080
Accounts receivable, net$41,713,359$36,956,950
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$6,414,479$7,275,051
Land, buildings, and equipment: cost or other basis$20,600,025$17,351,838
Investments - publicly traded securities$82,804,782$95,551,274
Investments - other securities$19,181,876$13,653,451
Investments - program-related$0$0
Intangible assets$0$0
Other assets$3,042,964$3,130,760
Total liabilities$61,960,132$105,767,761$142,863,815
Accounts payable and accrued expenses$36,070,955$47,150,320
Grants payable$56,198,350$82,644,693
Deferred revenue$0$0
Tax-exempt bond liabilities$13,907,111$13,498,456$13,068,802
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$101,077,428$108,385,683$121,260,827
Unrestricted net assets$39,827,590$52,536,521
Temporarily restricted net assets$61,988,691$62,067,108
Permanently restricted net assets$6,569,402$6,657,198
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$1,583,616,929
Subtotal Support$1,765,509,890
Gifts, grants, contributions, and membership fees received$1,765,509,890
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$181,892,961
Total Support$1,779,386,081
Public Support$1,765,509,890
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$12,154,887
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$1,721,304
Gross receipts from related activities, etc.$100,859,267
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$171,376,414$175,304,047$158,269,427$182,278,019$188,707,392$208,362,465$259,247,257$292,537,855
Contributions, gifts, grants, and similar amounts received$162,827,069$169,621,893$153,422,938$174,813,122$177,769,634$195,915,678$244,357,077$274,847,008
Contributions to donor advised funds$0$0
Direct public support$14,355,536$10,080,731$36,006,099$57,356,203$74,254,096$81,936,633$102,368,725$117,111,785
Indirect public support$148,315,832$159,336,879$0$0$0$0$0$0
Government contributions (grants)$155,701$204,283$117,416,839$117,456,919$103,515,538$113,979,045$141,988,352$157,735,223
Program service revenue including government fees and contracts$4,319,234$4,221,479$4,301,434$5,787,314$7,490,553$8,692,876$7,646,576$10,701,175
Membership dues and assessments$259,076$327,275$369,792$372,839$340,732$434,571$400,226$459,603
Interest on savings and temporary cash investments$1,389,733$192,970$69,073$0$0$0$0$1,118,194
Dividends and interest from securities$593,953$1,423,144$1,081,390$1,183,196$1,527,559$1,536,764$4,359,295$2,263,802
Net rental income or (loss)$0$20,438$0$0$0$0$2,000$0
Gross rents$0$116,019$0$0$0$0$2,000$0
Less: rental expenses$0$95,581$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$758,776$-1,024,559$-1,609,900$-945,508$1,046,553$931,311$1,708,821$2,244,608
Gross amount from sales of assets other than inventory$39,573,278$29,277,933$6,006,454$6,847,385$5,030,134$7,989,792$4,908,485$4,404,143
Less: cost or other basis and sales expenses$38,814,502$30,302,492$7,616,354$7,792,893$3,983,581$7,058,481$3,199,664$2,159,535
Net income or (loss) from special events and activities$1,056,998$500,882$15,525$805,691$233,534$575,981$379,850$628,057
Gross revenue$1,175,780$1,105,874$594,300$1,262,535$882,651$1,134,217$1,104,588$1,209,001
Less: direct expenses other than fundraising expenses$118,782$604,992$578,775$456,844$649,117$558,236$724,738$580,944
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$171,575$20,525$619,175$261,365$298,827$275,284$393,412$275,408
Total expenses$164,880,077$174,165,904$165,920,867$171,664,337$189,475,259$208,659,445$244,657,598$289,275,790
Program services$158,237,675$167,670,442$159,199,559$165,189,818$184,132,153$205,637,545$240,631,850$281,508,080
Management and general$5,594,720$5,397,739$5,637,969$5,703,965$5,012,217$2,693,890$3,457,279$6,664,298
Fundraising$1,047,682$1,097,723$1,083,339$770,554$330,889$328,010$568,469$1,103,412
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$66,400,539$62,804,024$61,933,784$76,633,805$79,548,548$82,426,328$103,625,131$88,939,117
Excess or (deficit) for the year$6,496,337$1,138,143$-7,651,440$10,613,682$-767,867$-296,980$14,589,659$3,262,065
Net assets or fund balances at beginning of year$58,448,406$66,400,539$62,804,024$61,933,784$76,633,805$79,548,548$82,426,328$103,625,131
Other changes in net assets or fund balances$1,455,796$-4,734,658$6,781,200$4,086,339$3,682,610$3,174,760$6,609,144$-17,948,079
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$289,275,790$281,508,080$6,664,298$1,103,412
Grants paid from donor advised funds$0
Other grants and allocations$198,832,615
Specific assistance to individuals$22,009,141
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,015,738$1,883,980$110,648$21,110
Compensation of former officers, directors, key employees, etc.$154,882$144,758$8,502$1,622
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$26,323,024$24,875,103$1,169,195$278,726
Pension plan contributions not included above$1,728,176$1,633,116$76,761$18,299
Employee benefits not included above$4,841,172$4,574,880$215,031$51,261
Payroll taxes$2,040,469$1,928,231$90,632$21,606
Professional fundraising fees$0$0$0$0
Accounting fees$263,566$190,242$69,476$3,848
Legal fees$495,170$357,413$130,527$7,230
Supplies$711,976$673,489$31,155$7,332
Telephone$689,049$651,108$30,088$7,853
Postage and shipping$1,072,558$1,030,607$32,902$9,049
Occupancy$4,675,807$4,287,619$349,861$38,327
Equipment rental and maintenance$739,082$671,548$58,463$9,071
Printing and publications$808,555$780,556$8,334$19,665
Travel$3,299,918$3,166,209$109,142$24,567
Conferences, conventions, and meetings$467,560$403,239$33,045$31,276
Interest$798,383$721,404$65,885$11,094
Depreciation, depletion, etc.$3,225,815$2,574,941$603,851$47,023
Other expenses not covered above$14,083,134$10,117,881$3,470,800$494,453
Balance Sheets
20002001200220032004200520062007
Total assets$107,421,831$95,631,073$104,639,843$114,026,140$129,589,447$159,770,275$184,352,699$182,025,456
Cash - non-interest-bearing$19,055,658$4,749,362$10,274,720$11,295,110$23,339,351$554,860$3,644,375$9,013,279
Savings and temporary cash investments$0$0$0$0$0$28,882,194$35,799,178$34,550,084
Accounts receivable less allowance for doubtful accounts$5,386,310$16,829,869$18,653,139$16,515,246$11,145,300$5,806,947$12,892,709$19,610,105
Pledges receivable less allowance for doubtful accounts$12,416,039$9,739,011$6,551,932$10,772,705$8,163,591$8,738,085$7,384,398$10,273,148
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$1,742,815$1,922,961$1,619,641$0
Inventories for sale or use$21,979$27,310$22,854$7,419$0$5,576$13,983$2,013
Prepaid expenses and deferred charges$2,344,149$536,581$664,705$826,585$4,883,645$8,134,251$6,485,065$6,496,729
Investments - publicly-traded securities$85,513,054$60,045,113
Investments - other securities$45,855,546$20,958,006$23,204,424$49,059,841$56,458,336$79,004,790$3,919,784$15,051,422
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$14,937,065$17,076,395$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$21,261,262$24,343,519$24,323,118$21,612,451$19,772,769$22,322,518$22,629,568$22,311,369
Other assets, including program-related investments$1,080,888$3,510,350$3,868,556$3,936,783$4,083,640$4,398,093$4,450,944$4,672,194
Total liabilities$41,021,292$32,827,049$42,706,059$37,392,335$50,040,899$77,343,947$80,727,568$93,086,339
Accounts payable and accrued expenses$4,969,852$9,824,876$7,536,498$8,044,959$5,923,107$4,358,282$9,251,858$12,475,734
Grants payable$642,499$5,584,421$18,575,770$12,903,627$27,968,844$57,296,452$56,128,922$65,596,527
Deferred revenue$12,806,489$592,384$41,433$25,047$23,902$23,769$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$150,000$150,000$0$0$0
Tax-exempt bond liabilities$0$16,821,013$16,552,358$16,268,702$15,975,046$15,665,444$15,346,788$15,014,078
Mortgages and other notes payable$22,602,452$0$0$0$0$0$0$0
Other liabilities$0$4,355$0$0$0$0$0$0
Total liabilities and net assets/fund balances$107,421,831$95,631,073$104,639,843$114,026,140$129,589,447$159,770,275$184,352,699$182,025,456
Total net assets or fund balances$66,400,539$62,804,024$61,933,784$76,633,805$79,548,548$82,426,328$103,625,131$88,939,117
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$171,376,414$175,304,047$158,269,427$182,278,019$188,707,392$208,252,714$259,247,257$292,537,855
Total revenue, gains, and other support per audited financial statements$163,356,527$170,569,389$165,050,627$186,364,358$192,390,002$211,537,225$265,856,401$274,589,776
Other expenses$140,870$121,460$6,781,200$4,086,339$3,682,610$3,284,511$6,609,144$-17,948,079
Net unrealized gains on investments$0$0$6,729,670$4,086,339$3,682,610$3,284,511$6,609,144$-17,948,079
Donated services and use of facilities$140,870$121,460$52,235$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$-705$0$0$0$0$0
Other revenue$8,160,757$4,856,118$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$8,160,757$4,856,118$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$164,880,077$174,165,904$165,920,867$171,664,337$189,475,259$208,659,445$244,657,598$289,275,790
Total expenses and losses per audited financial statements$165,020,947$174,165,904$165,920,867$171,664,337$189,475,259$208,659,445$244,657,598$289,275,790
Other revenue$140,870$0$0$0$0$0$0$0
Donated services and use of facilities$140,870$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$269,500$42,724$1,940
40$163,518$55,197$5,178
40$234,761$33,524$0
40$364,000$58,854$4,130
40$170,673$33,190$360
40$205,685$31,087$940
40$145,702$43,592$0
40$192,000$15,966$0
40$141,123$26,751$0
40$128,776$49,909$2,180
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings46
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$154,882$26,863$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006474
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$6,530,069$11,160,778
Program service revenue
Program service revenue 1000000$000$0$10,372,771
Program service revenue 2000000$000$0$200,400
Program service revenue 3000000$000$0$112,799
Program service revenue 4000000$000$0$15,205
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$459,603
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,118,194$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,263,802$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,244,608$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$628,057$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$275,408$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$98,087$29,310$49,963
$129,523$35,683$8,581
$115,150$41,400$0
$142,850$11,375$0
$136,424$12,429$0
Total number of other employees paid over $50,000167
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$103,153
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$148,554,147$171,376,414$175,304,047$158,269,427$182,278,019$187,128,478$213,016,573$251,426,011
Gifts, grants, and contributions received$140,431,572$163,884,067$170,122,775$153,438,463$175,618,813$177,769,634$195,341,184$238,624,502
Membership fees received$304,136$259,076$327,275$369,792$372,839$340,732$434,571$400,226
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,520,776$4,319,234$4,221,479$4,301,434$5,787,314$7,490,553$14,031,229$7,646,576
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$2,015,124$1,983,686$1,616,114$1,150,463$1,183,196$1,527,559$2,468,075$4,361,295
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$2,282,539$930,351$-983,596$-990,725$-684,143$0$741,514$393,412
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
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1Institute Of International Education Inc809 United Nations Plz 6th Fl, New York, NY 10017-3503NY1945-01$442,854,339
2Afs-Usa Inc120 Wall St Fl 4, New York, NY 10005-3920NY1995-12$38,406,735
3Tsinghua Education Foundation N A Inc2200 Sand Hill Rd Ste 160, Menlo Park, CA 94025-6936CA1998-04$42,276,295
4Afs Intercultural Programs Inc71 W 23rd St 6th Floor, New York, NY 10010-4102NY1949-02$20,913,192
5School Year Abroad Inc120 Water St Ste 310, North Andover, MA 01845-2650MA1977-01$13,219,676
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Number of organizations performing similar types of work
Arkansas1
Arizona2
California22
Colorado1
Connecticut4
District of Columbia8
Florida4
Georgia6
Iowa1
Illinois5
Indiana3
Kansas1
Massachusetts14
Maryland3
Maine1
Michigan3
Minnesota4
Missouri19
North Carolina5
North Dakota1
New Jersey8
Nevada1
New York28
Ohio3
Oklahoma2
Oregon5
Pennsylvania9
Tennessee2
Texas5
Utah1
Virginia4
Vermont2
Washington6
Wisconsin2
West Virginia1
Wyoming1
International4
Total192

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