Institute For Study Abroad Inc
- Assets
- $14.7m
- Revenue
- $2.7m
- Investments
- $118.9k
- Employees
- 66
- Location
- Indianapolis, IN
- Founding
- 11/1988
- Data as of
- 06/2021
- 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 06/2021, Institute For Study Abroad Inc employed 66 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 06/2021, Institute For Study Abroad Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $8.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute For Study Abroad Inc has awarded 115 individual grants totaling $3,034,379. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IFSA-BUTLER CREATES GLOBAL LEARNING ENVIRONMENTS DESIGNED TO FOSTER THE DEVELOPMENT 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 |
|---|---|---|---|
Heather Barclay Hamir President And CEO | Officer | 40 | $280,451 |
Eric Harton CFO | Officer | 40 | $192,790 |
Victoria Wolfe Bender VP University Relations And Marketing | 40 | $157,136 | |
Christopher Kupiainen Director Of Information Te | 40 | $136,029 | |
Marsha Bugalla Chairman And Director | Trustee | 2 | $0 |
Marisol Sanchez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cloud Nerd Llc It Consulting | 6/29/20 | $494,766 |
Maria De Las Mercedes Balado Legal | 6/29/20 | $114,750 |
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 | $1,033,426 |
| 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 | $1,033,426 |
| Total Program Service Revenue | $1,577,531 |
| Investment income | $40,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$50,124 |
| 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 | $2,694,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $923,522 |
| Compensation of current officers, directors, key employees. | $923,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,517,750 |
| Pension plan accruals and contributions | $90,527 |
| Other employee benefits | $446,295 |
| Payroll taxes | $251,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178,853 |
| Fees for services: Accounting | $195,321 |
| 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 | $126,498 |
| Office expenses | $116,744 |
| Information technology | $293,478 |
| Royalties | $0 |
| Occupancy | $771,814 |
| Travel | $9,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,646 |
| Insurance | $200,880 |
| All other expenses | $0 |
| Total functional expenses | $8,108,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,568,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,705 |
| 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 | $200,498 |
| Net Land, buildings, and equipment | $2,753,720 |
| Investments—publicly traded securities | $7,081,198 |
| Investments—other securities | $118,909 |
| Investments—program-related | $0 |
| Intangible assets | $537,523 |
| Other assets | $383,127 |
| Total assets | $14,665,422 |
| Accounts payable and accrued expenses | $102,600 |
| Grants payable | $0 |
| Deferred revenue | $419,360 |
| 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 | $977,365 |
| Other liabilities | $1,482,862 |
| Total liabilities | $2,982,187 |
| Net assets without donor restrictions | $11,683,235 |
| 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 | $14,665,422 |
Grants Awarded
Over the last fiscal year, Institute For Study Abroad Inc has awarded $1,033,230 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Hamilton, NY PURPOSE: EDUCATIONAL | $77,750 |
Hamilton, NY PURPOSE: EDUCATIONAL | $77,750 |
Indianapolis, IN PURPOSE: EDUCATIONAL | $69,650 |
Indianapolis, IN PURPOSE: EDUCATIONAL | $69,650 |
Winstonsalem, NC PURPOSE: EDUCATIONAL | $51,000 |
Winstonsalem, NC PURPOSE: EDUCATIONAL | $51,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute For Study Abroad Inc has recieved totaling $14,300.
| Awarding Organization | Amount |
|---|---|
American Council Of Learned Societies New York, NY PURPOSE: STIPENDS/FELLOWSHIPS | $13,800 |
The@patricia And Christopher Weil Family Foundation San Diego, CA PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenheart International Chicago, IL | $8,780,918 | $9,872,595 |
Institute For Study Abroad Inc Indianapolis, IN | $14,665,422 | $2,694,073 |
People To People International Kansas City, MO | $729,898 | $924,886 |
Reflections International Inc Fon Du Lac, WI | $20,123 | $330,381 |
Kobe College Corporation Northfield, IL | $4,881,262 | $315,843 |
Youth Service International Inc Chicago, IL | $468,646 | $325,582 |
We Love To Uplift Incorporated Chicago, IL | $11,327 | $94,932 |
Ek Kadam Aur Highland Park, IL | $46,628 | $0 |
Nova-Mba Greendale, WI | $112,491 | $0 |
International Scope In Education Inc St Charles, MO | $9,806 | $0 |
Thai-American Physicians Foundation St Louis, MO | $1,046,419 | $59,020 |
Chase Educational Foundation Springfield, MO | $6,435 | $0 |