2024-12-23T14:25:35-06:00 2024-06-30 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2023-07-01 522035371 THE INTERNATIONAL STUDENT EXCHANGE PROGRAMS INTE 7035049960 1655 N FORT MYER DRIVE 400 ARLINGTON VA 22209 ROBIN ABBOT VICE PRESIDENT, FINANCE 7035049960 2024-12-23 1 1 JENNIFER S HAN P00633304 2022937000 2024-12-23 2023 2024-10-15 13:58:12Z JOHN S LUCAS 1655 N FORT MYER DRIVE 400 ARLINGTON VA 22209 15599904 0 X WWW.ISEPSTUDYABROAD.ORG X 1997 DC ISEP FACILITATES STUDENT MOBILITY FOR ACADEMIC AND CROSS-CULTURAL LEARNING. 23 23 45 25 0 0 107262 83986 11836496 15335675 30825 46958 204938 0 12179521 15466619 64657 115943 0 693950 3345243 3699218 0 0 6019 8405250 9949115 11815150 14458226 364371 1008393 10000454 10930392 8137428 7841310 1863026 3089082 X ISEP IS A MEMBERSHIP NETWORK OF OVER 300 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. OVER 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 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 8356377 115943 12670256 ISEP DIRECT AND GLOBAL PROGRAMS - ISEP ARRANGES FOR STUDENTS TO ATTEND CERTAIN INSTITUTIONS ON A FEE FOR SERVICE BASIS. GENERALLY, STUDENTS PAY FEES DIRECTLY TO ISEP AND THE ORGANIZATION PAYS TUITION, HOUSING AND OTHER FEES TO THE HOST INSTITUTIONS. ISEP ALSO OFFERS ADVICE TO STUDENTS PRIOR TO THEIR DEPARTURE AND ADDITIONAL SUPPORT WHILE ON SITE. THESE PROGRAMS ARE AVAILABLE TO MEMBERS AND AFFILIATES.ISEP SUPPORTS PROGRAMS COMBINING ELEMENTS OF THE RECIPROCAL EXCHANGE AND ISEP DIRECT PROGRAMS AND PROVIDES OPERATING ASSISTANCE TO HOST INSTITUTIONS. IN-COUNTRY COMMUNITY SERVICES IS AN INTEGRAL PART OF THESE PROGRAMS. ISEP PROVIDES ACADEMIC ADVISING AND SERVES AS A LIAISON TO LOCAL HOST INSTITUTIONS WHILE STUDENTS ARE IN-COUNTRY. THESE PROGRAMS ALLOW STUDENTS TO PERFORM SUPERVISED VOLUNTEER SERVICE AT AFFILIATED NON-GOVERNMENTAL ORGANIZATIONS AND OTHER LOCAL ORGANIZATIONS. 328520 1514361 ISEP EXCHANGE PROGRAM - ISEP 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 ADVICE PRIOR TO DEPARTURE AND ADDITIONAL SUPPORT WHILE ON SITE. THE EXCHANGE PROGRAMS ARE ONLY AVAILABLE TO DUES-PAYING MEMBERS. 80050 67594 GRANTS - ISEP RECEIVES PERIODIC GRANTS FROM FOUNDATIONS, MEMBER INSTITUTIONS AND OTHERS TO SUPPORT ITS MISSION BY PROVIDING STUDENT SCHOLARSHIPS. 6717 31063 EVENTS 3603563 1052401 OTHER PROGRAMS 3610280 1083464 12375227 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 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 16 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 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 400 ARLINGTON VA 22209 WILLIAM CLABBY CHAIR 5.00 X X 0 0 0 MADELEINE F GREEN IMMEDIATE 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-TORRES 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 CEDRIC GUERN 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 35.00 X 316061 0 20543 EDSON OLDS CHIEF OPERATING OFFICER 35.00 X 177733 0 27763 KRISTEN AGUTO VICE PRESIDENT, MEMBER RELATIONS 35.00 X 138549 0 17003 ROBIN ABBOTT VP, FINANCE (AS OF 07/2023) 35.00 X 68957 0 994 NELSON LATHROP DIRECTOR, INFORMATION TECHNOLOGY 35.00 X 121115 0 2897 CYNTHIA ENGEL DIRECTOR, PROGRAM DEVELOPMENT 35.00 X 102714 0 4208 925129 0 73408 5 0 1 0 REMOTE EUROPE HOLDINGS APOLLOLAAN 151 UNIT 439 AMSTERDAM NL 1077 AR EMPLOYEE OF RECORD 176810 ICDS COSTA RICA PO BOX 1412-1000 SAN JOSE CS STUDY ABROAD PROGRAM 161483 2 83986 83986 DIRECT PROGRAM FEES 900099 12670256 12670256 EXCHANGE FEES 900099 1514361 1514361 MEMBERSHIP DUES 900099 1119995 1119995 INTERNSHIP FEES 900099 31063 31063 15335675 17898 17898 162345 133285 29060 29060 29060 15466619 15335675 0 46958 7443 7443 94550 94550 13950 13950 693950 693950 893349 571929 321420 2285766 1716111 565310 4345 52975 36527 16336 112 230795 161303 69086 406 236333 170792 65195 346 16618 16618 115525 115525 12345 12345 290021 144399 145595 27 27093 26704 389 303377 16643 286703 31 271088 156456 114630 2 316271 225291 90556 424 79542 59656 19886 205428 111858 93566 4 6642 1826 4813 3 183059 132293 50498 268 35531 18498 17018 15 PROGRAM EXPENSES 7698030 7698030 LOSS ON FOR CURR TRANSL 304201 304201 LOSS ON DISP. OF FIXED 37648 37648 TAXES/LICENSES/FEES 21389 5880 15498 11 25307 6937 18345 25 14458226 12375227 2076980 6019 3263728 3374977 2459240 608878 601581 1183748 774628 1729541 2464893 2362657 279263 102236 1008641 1310495 1252714 1613373 1367803 10000454 10930392 2257278 1689385 3640788 4182252 149398 145469 2089964 1824204 8137428 7841310 X 1754781 2994879 108245 94203 1863026 3089082 10000454 10930392 X 1008393 420583 -202920 X X 0 1 X 1 0 X 570700 743767 582679 107262 83986 2088394 9213280 1929040 5934013 11633576 15335675 44045584 9783980 2672807 6516692 11740838 15419661 46133978 39470 12600 60168 60848 66911 239997 0 39470 12600 60168 60848 66911 239997 45893981 20993 12832 15114 41997 17898 108834 20993 12832 15114 41997 17898 108834 9493 84028 148 93669 9814466 2769667 6531806 11782983 15437559 46336481 0.99050 0.99370 0.00230 0.00290 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 9,493. 2020 AMOUNT: $ 84,028. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 148. 2023 AMOUNT: $ 0. SCHEDULE A, PART III, DESCRIPTION OF THE UPDATED NUMBERS: THE FOLLOWING REVENUE AMOUNTS ON SCHEDULE A, PART III HAVE BEEN UPDATED FROM PRIOR 990S IN ORDER TO ACCURATELY REFLECT REVENUE AMOUNTS FROM THEIR RESPECTIVE YEARS. PART III, LINES 2 AND 7A, COLUMN(D), 2022 PART III, LINES 7A AND 12, COLUMN(A), 2019 PART III, LINE 12, COLUMN(B), 2020 PART III, LINES 7A AND 12, COLUMN(C), 2021 PART III, LINES 7A AND 12, COLUMN(D), 2022 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135144 93737 41407 304454 287305 17149 2025295 1981615 43680 102236 CERTIFICATES OF DEPOSIT 1252714 F 1252714 REFUNDABLE DEPOSITS 1228 RIGHT-OF-USE-ASSETS - OPERATING LEASE 1366575 1367803 LEASE LIABILITY - OPERATING LEASE 1824204 1824204 X 15570656 420583 420583 15150073 12345 304201 316546 15466619 14344600 202920 202920 14141680 12345 304201 316546 14458226 PART X, LINE 2: ISEP FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS ISEP'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. ISEP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION ON THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH ISEP FILES TAX RETURNS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FOREIGN CURRENCY TRANSLATION 304,201. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF FY2022 PLEDGES 202,920. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FOREIGN CURRENCY TRANSLATION 304,201. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENT LOCATED IN REGION. 8400 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENT LOCATED IN REGION. 2700 SOUTH AMERICA 0 0 GRANTS TO RECIPIENT LOCATED IN REGION. 2350 NORTH AMERICA 0 0 GRANTS TO RECIPIENT LOCATED IN REGION. 500 0 0 0 0 0 0 13950 0 13950 EDUCATION (TRAVEL) GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 11 8400 ACH EDUCATION (TRAVEL) GRANT EAST ASIA AND THE PACIFIC 4 2700 ACH EDUCATION (TRAVEL) GRANT SOUTH AMERICA 4 2350 ACH EDUCATION (TRAVEL) GRANT NORTH AMERICA 1 500 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 RE-AWARDED 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. PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PARTS I AND III OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. 1 ANNETTE KADE SCHOLARSHIP 30 59400 MASSEY SCHOLARSHIP 7 18000 ISEP COMMUNITY SCHOLARSHIP 22 10700 AFRICA FOR ALL SCHOLARSHIP 3 3000 ISEP ACCESSIBILITY SCHOLARSHIP 2 2200 FOUNDER'S SCHOLARSHIP 1 1250 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 RE-AWARDED 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 284061 0 32000 0 0 0 10708 0 9835 0 336604 0 0 0 EDSON OLDS CHIEF OPERATING OFFICER 152733 0 25000 0 0 0 7166 0 20597 0 205496 0 0 0 KRISTEN AGUTO VICE PRESIDENT, MEMBER RELATIONS 128549 0 10000 0 0 0 5417 0 11586 0 155552 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: 1. JOHN S. LUCAS $32,000 2. EDSON OLDS $25,000 3. KRISTEN AGUTO $10,000 4. NELSON LATHROP $5,000 5. CYNTHIA ENGEL $3,250 THE BONUSES WERE NON-FIXED AND BASED ON PERFORMANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VICE PRESIDENT OF FINANCE. A COPY OF THE DRAFT FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 ISEP. FORM 990, PART VI, SECTION B, LINE 15 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 OCTOBER 23, 2023. THE PRESIDENT/CEO DETERMINES COMPENSATION FOR ALL OTHER EMPLOYEES IN CONSULTATION WITH THE H.R. DEPARTMENT. ALL OTHER EMPLOYEES ARE REVIEWED MID-YEAR (JANUARY 2024) AND ANNUALLY (JULY 2024). ISEP USES AN ELECTRONIC EVALUATION TOOL (ISOLVED) TO COMPLETE THE REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ISEP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF FY2022 PLEDGES -202,920. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.