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AIESEC US Inc.

Activating youth leadership since 1948.

aka AIESEC US   |   New York City, NY   |  www.aiesecus.org
GuideStar Charity Check

AIESEC US Inc.

EIN: 13-1927700


Mission

AIESEC, the largest youth-led organization in the world, is a global platform for young people to develop their leadership potential through practical experiences of many kinds, including internships, volunteering opportunities, and more. Founded in 1948, AIESEC is a non-governmental and not-for-profit organization entirely run by youth for youth.

Ruling year info

1964

Principal Officer

Abiseniya Lemma

Main address

85 Broad St

New York City, NY 10004 USA

Show more contact info

EIN

13-1927700

Subject area info

Education

Sustainable development

International exchange

Population served info

Adolescents

Academics

Activists

NTEE code info

International Cultural Exchange (Q21)

International Student Exchange and Aid (Q22)

International Exchanges (Q23)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Affiliations

See related organizations info

Programs and results

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?

Global Talent

The AIESEC Global Talent program is one of the organization's initiatives aimed at providing young people with international internship opportunities. The program connects students and recent graduates with companies and organizations around the world, allowing them to gain professional experience in a global context. Participants have the chance to develop both personally and professionally while contributing to the host organization's projects.

The specifics of the program may vary, but generally, it involves a matching process where participants are matched with internships based on their skills, interests, and the needs of the host organizations. Participants often work on projects related to areas such as business, technology, education, and social development.

Young people who participate in the AIESEC Global Talent program:
- Experience a cross-cultural environment
- Try something new or refine your skills
- Gain a professional edge

Population(s) Served

AIESEC's Global Volunteer Program is another initiative by AIESEC that focuses on providing young people with the opportunity to engage in cross-cultural experiences through volunteering. The program aims to contribute to the development of communities while fostering leadership and personal growth among the participants.

Each volunteer project contributes to one of the UN Sustainable Development Goals.

Population(s) Served
Young adults
Young adults

The AIESEC Membership program is designed to provide students and recent graduates with opportunities for leadership development, cross-cultural experiences, and engagement in projects that contribute to societal development.

Leadership Development: Through various activities, projects, and roles within the organization, members have the opportunity to enhance their leadership capabilities, communication skills, and teamwork.

International Opportunities: Members often have the chance to participate in international conferences, events, and exchanges. This international exposure contributes to the development of a global mindset and cultural understanding among members.

Project Involvement: AIESEC members are actively involved in planning and executing projects that align with the organization's goals.

Membership Roles: It has various roles within its structure, such as local committee members, project managers, and executive board members.

All members are volunteers.

Population(s) Served
Young adults
Adolescents

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?

Financials

AIESEC US Inc.
Fiscal year: Jul 01 - Jun 30

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

2.46

Average of 3.52 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

1.6

Average of 1.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

19%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

AIESEC US Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

AIESEC US Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 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

AIESEC US Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of AIESEC US 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 -$55,345 $208,238 -$758,642 -$339,557 -$53,654
As % of expenses -2.3% 8.9% -34.9% -45.1% -7.1%
Unrestricted surplus (deficit) after depreciation -$55,345 $208,238 -$758,642 -$339,557 -$53,654
As % of expenses -2.3% 8.9% -34.9% -45.1% -7.1%
Revenue composition info
Total revenue (unrestricted & restricted) $2,307,905 $2,512,188 $1,497,365 $243,557 $787,616
Total revenue, % change over prior year -11.3% 8.9% -40.4% -83.7% 223.4%
Program services revenue 98.6% 96.5% 94.1% 83.9% 95.8%
Membership dues 0.0% 0.2% 0.0% 0.0% 0.0%
Investment income 0.9% 1.4% 0.8% 0.1% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 0.5% 1.5% 5.0% 15.7% 4.1%
Other revenue 0.1% 0.4% 0.1% 0.3% 0.2%
Expense composition info
Total expenses before depreciation $2,420,848 $2,340,143 $2,173,336 $753,718 $759,809
Total expenses, % change over prior year -3.3% -3.3% -7.1% -65.3% 0.8%
Personnel 34.9% 42.5% 39.4% 40.2% 54.3%
Professional fees 5.9% 5.8% 7.4% 16.1% 14.0%
Occupancy 5.2% 5.6% 5.4% 12.3% 1.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 54.0% 46.0% 47.8% 31.5% 30.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,420,848 $2,340,143 $2,173,336 $753,718 $759,809
One month of savings $201,737 $195,012 $181,111 $62,810 $63,317
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $2,622,585 $2,535,155 $2,354,447 $816,528 $823,126

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.8 3.4 2.1 1.8 1.6
Months of cash and investments 6.7 8.8 5.4 11.3 9.0
Months of estimated liquid unrestricted net assets 6.7 8.0 4.5 7.5 6.6
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $355,416 $656,234 $385,463 $110,670 $101,533
Investments $989,014 $1,061,001 $590,754 $599,426 $469,536
Receivables $262,976 $170,691 $92,811 $9,444 $93,608
Gross land, buildings, equipment (LBE) $31,424 $31,424 $31,424 $31,424 $0
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0% 0.0%
Liabilities (as a % of assets) 17.3% 18.5% 26.8% 36.6% 39.4%
Unrestricted net assets $1,360,441 $1,568,679 $810,037 $470,480 $416,826
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,360,441 $1,568,679 $810,037 $470,480 $416,826

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
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Abiseniya Lemma

Abiseniya (or Abby) Lemma is a young professional with four years of experience in non-profit management, including leading large-scale projects, team management, and driving innovation. She is consistently striving for equity and inclusion across the world through cross-cultural connections and understanding. She is passionate about AIESEC United States and the opportunity she has to develop and empower over 250 student leaders across the nation as the CEO and President of the organization. If you are interested in what we do in AIESEC or my impact on our world, please do not hesitate to reach out.

Number of employees

Source: IRS Form 990

AIESEC US Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

AIESEC US Inc.

Board of directors
as of 11/01/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Andrew Lewis

KPMG LLP

Marina Manova

AIESEC US

Franklin Morales

Embassy of Panama in USA

Paarth Sharma

Amazon

Marcia Zellers

Farai Nyoni

Credit Suisse

Chris Gassman

University of Pittsburgh Center for Sustainable Business

Mike Geringer

University of Ohio

Cole Wirpel

McKinsey & Company

Diego Zamalloa

The Boston Consulting Group

Jim Poole

UPS Healthcare

Thai Bui

UW Medicine

Lynn Chau

McKinsey & Company

Adriana Rubio

Accenture

Samantha Maceda

George Washington University Student

Abiseniya Lemma

AIESEC US

Organizational demographics

SOURCE: Self-reported; last updated 10/25/2023

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
Black/African American
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data