2024-02-07T08:54:32-06:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 522035371 THE INTERNATIONAL STUDENT EXCHANGE PROGRAMS INTE 7035049960 1655 N FORT MYER DRIVE 400 ARLINGTON VA 22209 ROBIN ABBOTT VICE PRESIDENT, FINANCE 7035049960 2024-02-07 1 ROBIN ABBOTT 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN S LUCAS 1655 N FORT MYER DRIVE 400 ARLINGTON VA 22209 12254990 0 X WWW.ISEPSTUDYABROAD.ORG X 1997 DC SEE PART III, LINE 1. 22 22 43 25 0 0 582679 107262 5934013 11836496 18449 30825 -70289 204938 6464852 12179521 65861 64657 0 0 2706984 3345243 0 0 4838 3767148 8405250 6539993 11815150 -75141 364371 6223455 10000454 4746839 8137428 1476616 1863026 X ISEP IS A MEMBERSHIP NETWORK OF 362 COLLEGES AND UNIVERSITIES IN THE UNITED STATES AND 50 OTHER COUNTRIES. THESE HIGHER EDUCATION INSTITUTIONS FACILITATE STUDENT MOBILITY FOR ACADEMIC AND CROSS-CULTURAL LEARNING THROUGHOUT THE NETWORK. NEARLY 66,000 STUDENTS HAVE PARTICIPATED IN ISEP PROGRAMS SINCE ITS INCEPTION IN 1979 AND ISEP PLACES APPROXIMATELY 3,000 STUDENTS EACH YEAR. THE ISEP MEMBERSHIP NETWORK IS UNIQUE IN THE FIELD OF INTERNATIONAL EDUCATION AS IT IS THE LARGEST WORLDWIDE NETWORK FOR EXCHANGES AND STUDY ABROAD. THROUGH ISEP, INSTITUTIONS HAVE ACCESS TO A WIDE RANGE OF OPPORTUNITIES FOR THEIR STUDENTS THAT FEW OTHERS COULD DEVELOP OR SUSTAIN. ISEP EMPOWERS STUDENTS TO ENROLL IN UNIVERSITIES OUTSIDE THEIR HOME COUNTRY FOR IMMERSION AND INTEGRATION WITH THE LOCAL CULTURE AND COMMUNITY. ISEP ALSO OFFERS A PORTFOLIO OF SHORT-TERM AND SUMMER PROGRAMS. ISEP PROVIDES ACADEMIC ADVISING RESOURCES, STAFF TRAINING, ONLINE TOOLS, AND STUDENT SUPPORT SEMINARS FOR ITS MEMBER INSTITUTIONS. 0 0 3792084 64657 1505430 ISEP EXCHANGE PROGRAM - THE ORGANIZATION PROMOTES AND FACILITATES STUDENT EXCHANGES AMONG MEMBER INSTITUTIONS IN THE UNITED STATES AND ABROAD. ISEP PROVIDES A SUITE OF ADVISING, TRAINING, AND SUPPORT SERVICES TO ITS MEMBERS. ISEP OFFERS INDIVIDUAL STUDENTS ACADEMIC AND TRAVEL ADVISING PRIOR TO DEPARTURE AND ADDITIONAL SUPPORT WHILE ON SITE. THE EXCHANGE PROGRAMS ARE ONLY AVAILABLE TO DUES-PAYING MEMBERS. 5403035 9090365 ISEP DIRECT PROGRAM - THE ORGANIZATION ARRANGES FOR STUDENTS TO ATTEND CERTAIN INTERNATIONAL INSTITUTIONS ON A FEE FOR SERVICE BASIS. GENERALLY, STUDENTS PAY FEES DIRECTLY TO THE ORGANIZATION AND THE ORGANIZATION PAYS TUITION, HOUSING, AND OTHER FEES TO THE HOST INSTITUTIONS. ISEP ALSO OFFERS ADVISING TO ITS STUDENTS PRIOR TO THEIR DEPARTURE AND ADDITIONAL SUPPORT WHILE ON SITE. THESE PROGRAMS ARE AVAILABLE TO MEMBERS AND AFFILIATES. 973152 1206781 GLOBAL ENGAGEMENT PROGRAMS - THE ORGANIZATION SUPPORTS PROGRAMS COMBINING ELEMENTS OF THE RECIPROCAL EXCHANGE AND ISEP DIRECT PROGRAMS AND PROVIDES OPERATING ASSISTANCE TO HOST INSTITUTIONS. IN-COUNTRY COMMUNITY SERVICE IS AN INTEGRAL PART OF THESE PROGRAMS. ISEP PROVIDES ACADEMIC ADVISING AND SERVES AS A LIASION TO LOCAL HOST INSTITUTIONS WHILE STUDENTS ARE IN COUNTRY. THESE PROGRAMS ALLOW STUDENTS TO PERFORM SUPERVISED VOLUNTEER SERVICE AT AFFILIATED NGOS AND OTHER LOCAL ORGANIZATIONS. 604242 33920 INTERNSHIPS 65562 GRANTS 94867 EVENTS 764671 33920 10932942 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X ROBIN ABBOTT 7035049960 1655 N FORT MYER DRIVE SUITE 400 ARLINGTON VA 22209 WILLIAM CLABBY CHAIR 5.00 X X 0 0 0 MADELEINE F GREEN PAST CHAIR 5.00 X X 0 0 0 ROBERT CAROLIN VICE CHAIR 5.00 X X 0 0 0 TERHI MOLSA SECRETARY 5.00 X X 0 0 0 PETER L GESS TREASURER 5.00 X X 0 0 0 ELLEN BABBY DIRECTOR 3.00 X 0 0 0 RAJIKA BHANDARI DIRECTOR 3.00 X 0 0 0 RAJA BHATTAR DIRECTOR 3.00 X 0 0 0 JEANNIE CAICEDO DIRECTOR 3.00 X 0 0 0 LEIGH COLE DIRECTOR 3.00 X 0 0 0 GRETCHEN DOBSON DIRECTOR 3.00 X 0 0 0 HERNAN FRATTO DIRECTOR 3.00 X 0 0 0 JOEL GALLEGOS DIRECTOR 3.00 X 0 0 0 LARRY GREEN DIRECTOR 3.00 X 0 0 0 ANN-CHARLOTTE LARSSON DIRECTOR 3.00 X 0 0 0 KI-JEONG LEE DIRECTOR 3.00 X 0 0 0 TORIAN LEE DIRECTOR 3.00 X 0 0 0 ELAINE MEYER-LEE DIRECTOR 3.00 X 0 0 0 BERNARD MILANO DIRECTOR 3.00 X 0 0 0 MARK SALISBURY DIRECTOR 3.00 X 0 0 0 DIMEJI TOGUNDE DIRECTOR 3.00 X 0 0 0 SANFORD J UNGAR DIRECTOR 3.00 X 0 0 0 JOHN S LUCAS PRESIDENT AND CEO 40.00 X 254467 0 16007 KRISTEN AGUTO VICE PRESIDENT, MEMBER RELATIONS 40.00 X 128408 0 13931 EDSON OLDS CHIEF OPERATING OFFICER 40.00 X 165122 0 22479 LYNN MOCK VICE PRESIDENT, FINANCE 40.00 X 133647 0 4412 NELSON LATHROP DIRECTOR, INFORMATION TECHNOLOGY 40.00 X 112580 0 2753 794224 0 59582 5 0 1 0 0 107262 107262 ISEP DIRECT FEES 900099 9090365 9090365 EXCHANGE PLACEMENT FEES 900099 1505430 1505430 MEMBERSHIP DUES 900099 1204881 1204881 INTERNSHIPS 900099 33920 33920 GLOBAL ENGAGEMENT FEES 900099 1900 1900 11836496 41997 41997 64297 75469 -11172 -11172 -11172 FOREIGN EXCHANGE GAIN 900099 204790 204790 MISCELLANEOUS 900099 148 148 204938 12179521 11836496 0 235763 45957 45957 18700 18700 831875 689067 142808 1700691 1533670 165125 1896 32111 28168 3906 37 579594 513454 65726 414 200972 179139 21698 135 11791 7974 3793 24 34629 34629 9623 9623 321685 239844 81353 488 21695 20697 992 6 297154 222178 74510 466 201322 137600 63328 394 294148 263839 30122 187 175540 153645 21760 135 28489 20919 7523 47 680 460 219 1 244650 165457 78704 489 22045 18989 3037 19 HOST INSTITUTIONS FEES 5998855 5998855 STUDENT HEALTH INSUR. 616715 616715 PAYROLL SERVICES 30657 35 30622 BAD DEBT 21284 21284 74288 57580 16608 100 11815150 10932942 877370 4838 2090216 3263728 1767548 2459240 912988 601581 463836 774628 2458861 2179598 383986 279263 484701 1008641 120180 1613373 6223455 10000454 816336 2257278 3331206 3640788 150000 149398 449297 2089964 4746839 8137428 X 1347182 1754781 129434 108245 1476616 1863026 6223455 10000454 364371 22039 0 X 0 1 X 1 0 X 58042 570700 743767 582679 107262 2062450 9731893 9213280 1929040 5934013 11836496 38644722 9789935 9783980 2672807 6516692 11943758 40707172 5625 8220 12600 8825 9505 44775 0 5625 8220 12600 8825 9505 44775 40662397 26974 20993 12832 15114 41997 117910 26974 20993 12832 15114 41997 117910 -119857 -37465 116764 -70289 204938 94091 9697052 9767508 2802403 6461517 12190693 40919173 0.99370 0.99690 0.00290 0.00310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135144 83386 51758 304454 262592 41862 2019263 1833620 185643 279263 REFUNDABLE DEPOSITS 1668 RIGHT OF USE ASSET 1611705 1613373 LEASE LIABILITY 2089964 2089964 X 12191937 22039 22039 12169898 9623 9623 12179521 11805527 0 11805527 9623 9623 11815150 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2023, ISEP HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740- 10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 4600 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 4600 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 8400 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 1100 0 0 0 0 0 0 18700 0 18700 SCHOLARSHIPS NORTH AMERICA 4 4600 ACH AFRICA FOR ALL SCHOLARSHIP EAST ASIA AND THE PACIFIC 4 4600 ACH SCHOLARSHIPS EUROPE 11 8400 ACH SCHOLARSHIPS SOUTH AMERICA 1 1100 ACH 0 0 0 0 0 0 PART I, LINE 2: FROM TIME TO TIME, ISEP MAKES SCHOLARSHIP GRANTS FOR U.S. STUDENTS TO STUDY ABROAD. FOR ANNETTE KADE SCHOLARSHIPS, EACH SELECTED RECIPIENTS COMPLETES AN ACCEPTANCE FORM, AGREEING TO RETURN THE SCHOLARSHIP FUNDS TO ISEP IF HE/SHE CANCELS HIS/HER PROGRAM PARTICIPATION OR RETURNS HOME EARLY FOR ANY REASON OTHER THAN EXTENUATING CIRCUMSTANCES. THE ANNETTE KADE SCHOLARSHIP ADMINISTRATOR, THE DIRECTOR OF ALUMNI ENGAGEMENT AND STUDENT SUCCESS, ENSURES ACCEPTANCE FORMS ARE RECEIVED PRIOR TO MAILING SCHOLARSHIP CHECKS AND PERIODICALLY CONFIRMS THE STUDENTS' STATUS THROUGHOUT THE LENGTH OF STUDY. IF A STUDENT FAILS TO PARTICIPATE IN THE PROGRAM AS PLANNED OR RETURNS EARLY, THE DIRECTOR OF ALUMNI ENGAGEMENT AND STUDENT SUCCESS NOTIFIES THE STUDENT THAT THE SCHOLARSHIP FUNDS MUST BE RETURNED AND COPIES APPROPRIATE ISEP STAFF AND THE HOME COORDINATOR. RETURNED FUNDS ARE REAWARDED DURING THE NEXT SCHOLARSHIP APPLICATION PERIOD. CHECK REQUESTS ARE REVIEWED BY APPROPRIATE STAFF MEMBERS. THE DIRECTOR OF STUDENT SUCCESS PREPARES INTERIM AND FINAL REPORTS TO THE GRANTOR DESCRIBING HOW THE FUNDS WERE USED AND DISBURSED. SIMILAR PROCEDURES ARE IN PLACE FOR OTHER SCHOLARSHIP AWARDS, FOR WHICH SOME INTERNATIONAL STUDENTS ARE ELIGIBLE. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 31 45957 PART I, LINE 2: FROM TIME TO TIME, ISEP MAKES SCHOLARSHIP GRANTS FOR U.S. STUDENTS TO STUDY ABROAD. FOR ANNETTE KADE SCHOLARSHIPS, EACH SELECTED RECIPIENTS COMPLETES AN ACCEPTANCE FORM, AGREEING TO RETURN THE SCHOLARSHIP FUNDS TO ISEP IF HE/SHE CANCELS HIS/HER PROGRAM PARTICIPATION OR RETURNS HOME EARLY FOR ANY REASON OTHER THAN EXTENUATING CIRCUMSTANCES. THE ANNETTE KADE SCHOLARSHIP ADMINISTRATOR, THE DIRECTOR OF ALUMNI ENGAGEMENT AND STUDENT SUCCESS, ENSURES ACCEPTANCE FORMS ARE RECEIVED PRIOR TO MAILING SCHOLARSHIP CHECKS AND PERIODICALLY CONFIRMS THE STUDENTS' STATUS THROUGHOUT THE LENGTH OF STUDY. IF A STUDENT FAILS TO PARTICIPATE IN THE PROGRAM AS PLANNED OR RETURNS EARLY, THE DIRECTOR OF ALUMNI ENGAGEMENT AND STUDENT SUCCESS NOTIFIES THE STUDENT THAT THE SCHOLARSHIP FUNDS MUST BE RETURNED AND COPIES APPROPRIATE ISEP STAFF AND THE HOME COORDINATOR. RETURNED FUNDS ARE REAWARDED DURING THE NEXT SCHOLARSHIP APPLICATION PERIOD. CHECK REQUESTS ARE REVIEWED BY APPROPRIATE STAFF MEMBERS. THE DIRECTOR OF STUDENT SUCCESS PREPARES INTERIM AND FINAL REPORTS TO THE GRANTOR DESCRIBING HOW THE FUNDS WERE USED AND DISBURSED. SIMILAR PROCEDURES ARE IN PLACE FOR OTHER SCHOLARSHIP AWARDS. X X X X X 0 0 0 0 0 0 0 1 0 JOHN S LUCAS PRESIDENT AND CEO 234467 0 20000 0 0 0 7438 0 8569 0 270474 0 0 0 EDSON OLDS CHIEF OPERATING OFFICER 139622 0 25500 0 0 0 5233 0 17246 0 187601 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: JOHN LUCAS $20,000 EDSON OLDS $25,500 LYNN MOCK $3,000 KRISTEN AGUTO $3,000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VICE PRESIDENT OF FINANCE. A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, DIRECTORS AND SENIOR MANAGEMENT ARE REQUIRED TO DISCLOSE INTERESTS THAT MAY GIVE RISE TO CONFLICTS. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST ARISES, ISEP MAKES EVERY EFFORT TO RESOLVE THE CONFLICT IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE USED COMPARABLE INDUSTRY SURVEYS TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION. THE DECISION OF THE COMPENSATION COMMITTEE WAS DOCUMENTED IN A LETTER TO THE PRESIDENT/CEO, WHO PROVIDED A COPY TO THE DIRECTOR OF H.R. FOR INCLUSION IN THE PERSONNEL FILE. THE MOST RECENT REVIEW TOOK PLACE FEBRUARY 23, 2023. THE PRESIDENT/CEO DETERMINES COMPENSATION FOR ALL OTHER EMPLOYEES IN CONSULTATION WITH THE H.R. DEPARTMENT. FROM TIME TO TIME, THE ORGANIZATION ENGAGES THE SERVICE OF AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE GUIDANCE FOR COMPENSATION AND BENEFITS POLICIES. THE LAST COMPENSATION REVIEW FOR OFFICERS AND EXECUTIVE DIRECTORS WAS PERFORMED ON FEBRUARY 23, 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.