Institute For Experiential Learning Inc
- Assets
- $414.9k
- Revenue
- $358.3k
- Investments
- $1.2k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1990
- Data as of
- 06/2023
- EIN
- 52-1677432
Organization Overview
Institute For Experiential Learning Inc, operating under the name Washington Internship Institute, is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Internship Institute 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, Washington Internship Institute generated $358.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $452.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 9 years. 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 MISSION OF THE WASHINGTON INTERNSHIP INSTITUTE IS TO FOSTER STUDENTS' INTELLECTUAL, PERSONAL, AND PROFESSIONAL DEVELOPMENT THROUGH INDIVIDUALLY TAILORED, QUALITY INTERNSHIPS AND CHALLENGING ACADEMIC COURSEWORK THAT TAKE FULL ADVANTAGE OF THE OPPORTUNITIES AVAILABLE IN THE NATION'S CAPITAL AND REFLECT THE BEST PRACTICES OF EXPERIENTIAL LEARNING AND LIBERAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERGRADUATE STUDENTS FROM THE UNITED STATES AND ABROAD PARTICIPATED IN THE WASHINGTON INTERNSHIP INSTITUTE'S ACADEMIC INTERNSHIP PROGRAMS IN WASHINGTON, DC DURING 2023. THE WASHINGTON INTERNSHIP INSTITUTE WELCOMED 24 STUDENTS WITH A VARIETY OF MAJORS FOR THE SPRING AND SUMMER TERMS.OUR INTERNSHIP PROGRAM PROMOTES PROFESSIONAL DEVELOPMENT, ACADEMIC ACHIEVEMENT, AND PERSONAL GROWTH FOR STUDENTS. IT IS DISTINGUISHED BY ITS STRUCTURED ACADEMIC ENVIRONMENT GROUNDED IN THE VALUES AND PRACTICES OF LIBERAL EDUCATION. STUDENTS CAN COMPLETE A FULL SEMESTER OF CREDIT THROUGH SUBSTANTIVE INTERNSHIPS THAT ARE CAREFULLY SELECTED TO MATCH THEIR ACADEMIC AND CAREER INTERESTS AND COMPLEMENTED BY RIGOROUS COURSEWORK. WE TAKE PRIDE IN OFFERING INDIVIDUALIZED ADVISING TO STUDENTS THROUGHOUT THEIR INTERNSHIP AND COURSE EXPERIENCE.PARTICIPANTS IMPROVED THEIR PROFESSIONAL SKILLS, NETWORKED AND MADE CONTACTS, AND GAINED INSIGHTS ABOUT THEIR CAREER PLANS.STUDENTS INTERNED FOUR FULL DAYS PER WEEK AND PARTICIPATED IN TWO COURSES ON THE OTHER DAY OF THE WEEK. ONE COURSE WAS THE "INTERNSHIP SEMINAR: REFLECTIONS ON DEVELOPING PROFESSIONALLY, PERSONALLY, AND CIVICALLY, AND THE OTHER WAS A CORE COURSE, AN ACADEMIC POLICY SEMINAR. THE CORE COURSE TOPICS WERE "INSIDE WASHINGTON: POLITICS AND POLICY AND "INTERNATIONAL AND FOREIGN POLICY STUDIES." THE WASHINGTON INTERNSHIP INSTITUTE OFFERED A VARIETY OF CO-CURRICULAR OPPORTUNITIES IN 2023. ACTIVITIES INCLUDED WASHINGTON NATIONALS BASEBALL GAMES, WALKING TOURS, NETWORKING EVENTS WITH ALUMNI, AND VISITS TO THE INTERNATIONAL SPY MUSEUM AND PLANET WORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devorah Lieberman Chair | OfficerTrustee | 1 | $0 |
Fayneese Miller Vice Chair | OfficerTrustee | 1 | $0 |
Anne Kerr Treasurer | OfficerTrustee | 1 | $0 |
Tim Cloyd Secretary (thru March 2023) | OfficerTrustee | 1 | $0 |
Bryon Grigsby Director | Trustee | 1 | $0 |
Sean Creighton President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $334,520 |
| Investment income | $1,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,676 |
| Compensation of current officers, directors, key employees. | $19,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,350 |
| Pension plan accruals and contributions | $13,182 |
| Other employee benefits | $7,542 |
| Payroll taxes | $8,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,039 |
| Advertising and promotion | $1,335 |
| Office expenses | $20,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $254,045 |
| Travel | $3,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,926 |
| Insurance | $3,484 |
| All other expenses | $1,157 |
| Total functional expenses | $452,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,792 |
| Savings and temporary cash investments | $5,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,518 |
| 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 | $32,056 |
| Net Land, buildings, and equipment | $14,691 |
| Investments—publicly traded securities | $249,763 |
| Investments—other securities | $1,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,223 |
| Total assets | $414,866 |
| Accounts payable and accrued expenses | $19,899 |
| Grants payable | $0 |
| Deferred revenue | $39,988 |
| 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 | $0 |
| Other liabilities | $69,450 |
| Total liabilities | $129,337 |
| Net assets without donor restrictions | $35,766 |
| Net assets with donor restrictions | $249,763 |
| 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 | $414,866 |