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INSTITUTE OF INTERNATIONAL EDUCATION INC

The Power of International Education

aka IIE   |   New York, NY   |  www.iie.org
GuideStar Charity Check

INSTITUTE OF INTERNATIONAL EDUCATION INC

EIN: 13-1624046


Mission

IIE's mission is to help people and organizations leverage the power of international education to thrive in today's interconnected world. We focus on work that achieves the following: • Advancing Scholarship – IIE develops and implements many of the world's most effective and prestigious scholarship and training programs. • Building Economies – IIE helps governments and corporations develop an educated workforce and prepare students and professionals to succeed in the global economy. • Promoting Access to Opportunity – IIE provides opportunities to underserved populations, protects scholars and students in danger and encourages teaching and learning across cultures.

Ruling year info

1945

President & CEO

Dr. Allan E. Goodman

Main address

One World Trade Center, 36th Floor

New York, NY 10007 USA

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EIN

13-1624046

Subject area info

Arts and culture

Education

Higher education

Educational exchanges

Public health

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Population served info

Adults

Academics

Students

NTEE code info

International Student Exchange and Aid (Q22)

Promotion of International Understanding (Q20)

International Human Rights (Q70)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Fulbright Scholar Program

IIE's Council for International Exchange of Scholars (CIES) has had the honor to administer the Scholar component of the Fulbright Program on behalf of the U.S. Department of State since its formation in 1947. On an annual basis, CIES recruits and sends nearly 1,400 U.S. faculty and professionals to 126 countries and brings and estimated 980 foreign faculty and professionals to the US to lecture and conduct research. To carry out its particular responsibilities, CIES maintains close contact with faculty, academic departments, institutions of higher education, and national education organizations, in addition to its own staff’s extensive international expertise.

Population(s) Served
Adults

The IIE Scholar Rescue Fund (IIE-SRF) formalizes an unwavering commitment to academic freedom that the IIE has demonstrated for over 90 years.  At the heart of the Fund is the idea that each scholar we help who continues his or her work in safety is a beacon of hope in our world.
 
IIE-SRF saves the lives, voices, and ideas of threatened scholars around the world by providing fellowships and safe academic environments. IIE-SRF achieves this by providing academic fellowships to professors, researchers, and public intellectuals who face threats in their home countries. These yearlong fellowships support visiting appointments at partnering higher education institutions anywhere in the world that allow the scholars to continue their work in safety. In most cases, IIE-SRF fellows are eligible to apply for a second year of fellowship support.

Population(s) Served
Academics

For more than 60 years, IIE has partnered with the U.S. Department of State, Fulbright Bi-national Commissions, and Fulbright country programs to administer the Fulbright Student Program, which annually benefits nearly 5,000 U.S. and international students. On behalf of the U.S. Government, IIE conducts publicity, recruitment, and selection activities for more than 2,050 new Fulbright U.S. students each year. For the over 3,300 foreign Fulbright students who enter the U.S. each year, the Institute provides placement, pre-academic and English language training, orientation, visa support, fiscal services, student supervision, and cultural and enrichment activities. IIE’s expert University Placement division is able to secure significant cost-sharing, including tuition fee waivers, from U.S. universities. Currently, IIE is assisting the U.S. Department of State in the administration of several key new program components: Revived Fulbright Student Programs in Afghanistan, providing U.S.-based degree and non-degree study for young professionals from these two countries; Expanded Fulbright Student Programs in Pakistan, Turkey, and Indonesia, in particular focusing on increasing the number of women applicants to study in U.S. graduate programs; Expanded English Teaching Assistants Programs (ETA), sending over 700 U.S. Fulbright Students to teach in 65 countries; and Expanded Foreign Language Teaching Assistants (FLTA) Program, bringing over 400 foreign graduates to U.S. colleges and universities to support instruction in their native language and foster knowledge of their home countries. This program includes the first students in over 25 years to come to the United States from Iran.

Population(s) Served
Adults

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.32

Average of 2.39 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.8

Average of 1.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

30%

Average of 33% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

INSTITUTE OF INTERNATIONAL EDUCATION INC

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

INSTITUTE OF INTERNATIONAL EDUCATION INC

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

INSTITUTE OF INTERNATIONAL EDUCATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

This snapshot of INSTITUTE OF INTERNATIONAL EDUCATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $6,956,034 $3,730,581 $86,390,569 $29,927,946 -$14,458,678
As % of expenses 2.0% 1.1% 31.7% 12.4% -4.7%
Unrestricted surplus (deficit) after depreciation $2,569,300 -$864,711 $83,043,490 $26,339,652 -$17,829,659
As % of expenses 0.7% -0.3% 30.1% 10.8% -5.7%
Revenue composition info
Total revenue (unrestricted & restricted) $356,626,594 $333,235,600 $359,097,100 $276,172,222 $326,453,880
Total revenue, % change over prior year 2.2% -6.6% 7.8% -23.1% 18.2%
Program services revenue 8.5% 8.5% 9.0% 10.2% 10.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.5% 0.5% 0.6% 1.1% 1.3%
Government grants 70.8% 74.2% 57.3% 68.5% 76.8%
All other grants and contributions 17.7% 16.0% 10.0% 12.4% 10.6%
Other revenue 2.6% 0.9% 23.2% 7.8% 0.5%
Expense composition info
Total expenses before depreciation $352,704,251 $325,558,268 $272,109,090 $241,008,066 $307,217,796
Total expenses, % change over prior year -0.3% -7.7% -16.4% -11.4% 27.5%
Personnel 18.8% 17.7% 22.2% 23.8% 19.1%
Professional fees 9.1% 9.4% 6.7% 8.9% 7.5%
Occupancy 1.9% 2.1% 3.4% 2.7% 2.1%
Interest 0.1% 0.1% 0.0% 0.0% 0.0%
Pass-through 63.7% 64.4% 62.0% 61.7% 68.2%
All other expenses 6.4% 6.4% 5.6% 2.8% 3.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $357,090,985 $330,153,560 $275,456,169 $244,596,360 $310,588,777
One month of savings $29,392,021 $27,129,856 $22,675,758 $20,084,006 $25,601,483
Debt principal payment $598,443 $623,442 $9,784,769 $0 $0
Fixed asset additions $0 $0 $0 $0 $5,400,310
Total full costs (estimated) $387,081,449 $357,906,858 $307,916,696 $264,680,366 $341,590,570

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.5 0.7 1.5 3.5 2.8
Months of cash and investments 4.4 4.9 10.1 14.5 10.1
Months of estimated liquid unrestricted net assets 2.3 2.5 6.6 8.8 6.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $13,869,737 $17,768,749 $34,302,682 $69,427,900 $71,054,840
Investments $115,705,962 $115,516,673 $195,187,367 $221,823,284 $188,742,439
Receivables $62,316,050 $68,240,147 $55,124,602 $38,785,227 $55,622,848
Gross land, buildings, equipment (LBE) $68,332,144 $56,272,627 $32,956,341 $35,780,085 $36,872,203
Accumulated depreciation (as a % of LBE) 67.8% 65.3% 62.2% 67.3% 62.8%
Liabilities (as a % of assets) 33.0% 33.6% 21.4% 20.7% 33.2%
Unrestricted net assets $79,411,980 $78,547,269 $161,590,759 $187,930,411 $170,100,752
Temporarily restricted net assets $66,787,515 $75,697,180 N/A N/A N/A
Permanently restricted net assets $6,722,475 $0 N/A N/A N/A
Total restricted net assets $73,509,990 $75,697,180 $81,205,000 $91,909,089 $81,011,093
Total net assets $152,921,970 $154,244,449 $242,795,759 $279,839,500 $251,111,845

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

Dr. Allan E. Goodman

Number of employees

Source: IRS Form 990

INSTITUTE OF INTERNATIONAL EDUCATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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INSTITUTE OF INTERNATIONAL EDUCATION INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

INSTITUTE OF INTERNATIONAL EDUCATION INC

Board of directors
as of 11/14/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Mark Angelson

Chairman, Rutgers University Board of Governors; Vice Chairman, Biden Foundation; Former CEO, RR Donnelley; Former Deputy Mayor, City of Chicago

Thomas S. Johnson

Former Chairman and CEO, GreenPoint Financial Corp.

Henry Kaufman

President, Henry Kaufman & Company, Inc.

Allan E. Goodman

CEO, Institute of International Education

Calvin G. Butler, Jr.

Senior Executive Vice President, Exelon & Chief Executive Officer, Exelon Utilities

Thomas A. Russo

Former Executive Vice President and General Counsel, American International Group, Inc.

Hartley R. Rogers

Chairman, Hamilton Lane

Joanne Berger-Sweeney

President of Trinity College

Amy Brandt

President, First American Docutech

Seth R. Bergstein

Vice Chairman - Investment Banking, Morgan Stanley

Lee C. Bollinger

President, Columbia University

George Campbell Jr.

President Emeritus, The Cooper Union for the Advancement of Science and Art

Robert L. Dilenschneider

Principal, The Dilenschneider Group Inc.

Colleen Goggins

Former Worldwide Chairman, Johnson & Johnson Consumer Group

Jack M. Greenberg

Chairman, Board of Directors, Western Union Company

Joyce P. Hendricks

President & Chief Development Officer, Hackensack Meridian Health Foundation

Karen A. Holbrook

Regional Chancellor, University of South Florida Sarasota-Manatee

Laya Khadjavi

Global Head of Business Development and Client Relations at Menai Financial Group

Mahboob Mahmood

Chief Executive Officer, Knowledge Platform

Stephanie B. Mudick

Former EVP and Head of Supervisory Regulatory Strategy, JPMorgan Chase & Co.

Harris Pastides

Distinguished President Emeritus and Professor Emeritus, University of South Carolina

George Rupp

Retired President, International Rescue Committee

Martin Y. Tang

Retired Chairman, Asia, Spencer Stuart & Associates

Linda Vester

Former Broadcast Journalist

Michael Wrighton

Chancellor Emeritus and Professor of Chemistry, Washington University in St. Louis

Jonthan Holloway

President and University Professor, Rutgers, The State University of New Jersey

Michael Houston

Global CEO, Grey Group

Dwight A. McBride

President of The New School

Amy L. Towers

Founder, Nduna Foundation

Sarah Porter Waterbury

Former Vice President, Advancement at Imperial College London

S.A. Ibrahim

Former CEO, Radian Group

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 5/4/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser