International Education Foundation Inc
- Assets
- $22.5m
- Revenue
- $1.1m
- Investments
- $13.2m
- Employees
- 1
- Location
- Colorado Springs, CO
- Founding
- 09/1988
- Data as of
- 06/2021
- EIN
- 84-1046083
Organization Overview
International Education Foundation Inc is located in Colorado Springs, CO. The organization was established in 1988. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Education Foundation 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, International Education Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $822.5k during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SUPPORT & SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY RESEARCH & DEVELOPMENT INSTITUTE-FUNDING AND EXPENSES INCURRED FOR SPECIAL EDUCATIONAL ACTIVITIES FOR CADETS AND INSTRUCTORS AT THE U.S. AIR FORCE ACADEMY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael P Erdle President & Dir | OfficerTrustee | 40 | $198,000 |
Terry Erdle Vice President | OfficerTrustee | 20 | $102,000 |
Margaret E Longo Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $543,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,411 |
| Net Gain/Loss on Asset Sales | $207,299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,098,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,394 |
| Payroll taxes | $5,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,284 |
| Fees for services: Accounting | $32,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,147 |
| Information technology | $25,254 |
| Royalties | $0 |
| Occupancy | $93,560 |
| Travel | $2,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,804 |
| Insurance | $18,892 |
| All other expenses | $0 |
| Total functional expenses | $822,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,711 |
| Savings and temporary cash investments | $1,380,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,472 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,328,626 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,215,301 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,471,939 |
| Accounts payable and accrued expenses | $12,033 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,004,103 |
| Total liabilities | $1,016,136 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $21,455,803 |
Grants Awarded
Over the last fiscal year, International Education Foundation Inc has awarded $130,499 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY RESEARCH & DEVLP PURPOSE: EDUCATIONAL ASSISTANCE AT USAFA | $120,499 |
MULLEN EDUCATION PURPOSE: ASSISTANCE | $10,000 |