2024-04-26T09:08:07-05:00 2023-06-30 510232475 COVER & ROSSITER PA 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2022-07-01 236050131 INTERCOLLEGIATE STUDIES INSTITUTE INC INTE 3026524600 3901 CENTERVILLE ROAD WILMINGTON DE 19807 JOHN A BURTKA IV PRESIDENT 3026524600 2024-04-25 1 JOHN BURTKA IV 999009999 1 PETER S KENNEDY CPA P00571422 3026566632 2024-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN A BURTKA IV 3901 CENTERVILLE RD WILMINGTON DE 19807 14082450 0 X WWW.ISI.ORG X 1952 DC INSPIRING COLLEGE STUDENTS TO DISCOVER, EMBRACE, AND ADVANCE THE PRINCIPLES AND VIRTUES THAT MAKE AMERICA FREE AND PROSPEROUS. 14 13 33 50 0 0 13558894 12441236 217180 268491 258915 269124 257404 660390 14292393 13639241 592525 594418 0 0 2619029 2630003 120643 80227 734494 3693907 4188459 7026104 7493107 7266289 6146134 26706628 34930256 866597 2157723 25840031 32772533 INSPIRING COLLEGE STUDENTS TO DISCOVER, EMBRACE, AND ADVANCE THE PRINCIPLES AND VIRTUES THAT MAKE AMERICA FREE AND PROSPEROUS. 0 0 4174025 161513 LEADERSHIP DEVELOPMENT CONFERENCE PROGRAM - THE ORGANIZATION HOSTS CONFERENCES FOR STUDENTS AT VARIOUS LOCATIONS ACROSS THE COUNTRY THAT TEACH THE PRINCIPLES THAT MAKE AMERICA FREE AND PROSPEROUS. 441177 561284 ISI BOOKS AND PUBLICATIONS - THE ORGANIZATION PUBLISHES BOOKS, MAGAZINES AND JOURNALS TO INTRODUCE COLLEGE STUDENTS AND THE BROADER READING PUBLIC TO THE PRINCIPLES AND VIRTUES THAT MAKE AMERICA FREE AND PROSPEROUS. 1229648 432905 268491 THE ISI COLLEGIATE NETWORK SUPPORTS INDEPENDENT STUDENT NEWSPAPERS, MAGAZINES AND JOURNALS, PAID SUMMER INTERNSHIPS AND POSTGRADUATE, YEAR-LONG FELLOWSHIPS AT PROMINENT MEDIA OUTLETS TO PROMISING STUDENT JOURNALISTS COMMITTED TO THE PRINCIPLES OF LIBERTY. 5844850 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 276 0 1 33 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ CA NJ PA DE MI AL TX NY VI MA IN X X X INTERCOLLEGIATE STUDIES INSTITUTE INC 3026524600 3901 CENTERVILLE RD WILMINGTON DE 19807 THOMAS E LYNCH CHAIRMAN 2.00 1.00 X X 0 0 0 BYRON W SMITH VICE CHAIRMAN 2.00 1.00 X X 0 0 0 JOHN SLAVIC SECRETARY-TREASURER 2.00 1.00 X X 0 0 0 MICHAEL ABRAHAM TRUSTEE 2.00 1.00 X 0 0 0 LARRY ARNN TRUSTEE 2.00 1.00 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 2.00 1.00 X 0 0 0 DAVID DURELL TRUSTEE 2.00 1.00 X 0 0 0 MICHAEL GLEBA TRUSTEE (FROM 6/2023) 2.00 1.00 X 0 0 0 MARK HENRIE TRUSTEE (FROM 6/2023) 2.00 1.00 X 0 0 0 CHRISTOPHER LONG TRUSTEE 2.00 1.00 X 0 0 0 WILLIAM LONG TRUSTEE 2.00 1.00 X 0 0 0 ALFRED S REGNERY FORMER CHAIRMAN 2.00 1.00 X 0 0 0 KEVIN ROBERTS TRUSTEE 2.00 1.00 X 1000 0 0 BRIDGETT WAGNER TRUSTEE (UNTIL 6/2023) 2.00 1.00 X 0 0 0 JOHN A BURTKA IV PRESIDENT & CEO 50.00 5.00 X X 327862 0 25882 DANIEL MCCARTHY VICE PRESIDENT AND EDITOR 50.00 5.00 X 177736 0 13123 ETHAN SWAIN DIRECTOR OF MAJOR GIFTS 50.00 5.00 X 102993 0 19833 SPENCER KASHMANIAN CHIEF OF STAFF 50.00 5.00 X 107167 0 26049 PAUL RHEIN VICE PRESIDENT, OPERATIONS 50.00 5.00 X 151345 0 35555 ANTHONY CURTIS DIRECTOR OF MAJOR GIFTS (UNTIL 12/22) 50.00 5.00 X 124928 0 11517 993031 0 131959 6 0 1 0 WOHLSEN CONSTRUCTION COMPANY 501 CARR RD SUITE 101 WILMINGTON DE 19809 CONSTRUCTION 3021218 MICHAEL G IMBER ARCHITECTS 111 W EL PRADO DR SAN ANTONIO TX 78212 ARCHITECT 304303 COLADA LLC 3101 COBB PKWY SE SUITE 124 ATLANTA GA 30339 AUDIO & VISUAL SERVICES 244163 AMERICAN PHILANTHROPIC LLC 119 N HIGH STREET WEST CHESTER PA 19380 DIRECT MAIL CONSULTING & DATABASE MANAGE 155448 AMERICAN SOLUTION FOR BUSINESS 8479 SOLUTION CENTER CHICAGO IL 60677 PRINTER & DIRECT MAIL 128215 5 752708 11688528 334554 12441236 LIBERTY FUND 900099 268491 268491 268491 220910 220910 99106 0 99106 99106 99106 491423 443209 48214 48214 48214 561284 0 561284 561284 13639241 829775 0 368230 594418 594418 325095 253574 39012 32509 1851768 1448691 221621 181456 64271 50284 7692 6295 245000 191618 29328 24054 143869 112506 17225 14138 56646 42008 14638 129066 129066 80227 80227 5546 5546 710415 349486 144692 216237 94935 90767 479 3689 27104 4784 22278 42 184657 77568 98334 8755 24740 24740 220683 172575 26421 21687 258010 131235 49579 77196 1004915 985372 6423 13120 154785 121042 18532 15211 47759 47759 NON STAFF TRAVEL & LODG 615875 613373 1123 1379 HONORARIA 362456 361506 950 PRINTING AND POSTAGE 122428 86503 22158 13767 STIPENDS 69112 69112 99327 63688 11857 23782 7493107 5844850 913763 734494 6809529 1650912 7239594 8312126 128544 120865 144376 15169192 2817837 5834774 12351355 6553322 12422003 20000 20000 0 29484 26706628 34930256 558282 1918918 308315 238805 866597 2157723 X 15731804 18318485 10108227 14454048 25840031 32772533 26706628 34930256 6146134 786368 0 X X 0 1 X 1 0 X 6888404 4871890 5809831 13558894 12441236 43570255 6888404 4871890 5809831 13558894 12441236 43570255 9786233 33784022 262744 340378 249778 244002 320016 1416918 44987173 3473381 0.75100 0.75720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3889420 4117518 572974 175637 8404275 4649570 -445855 314295 3889420 3359894 500000 789676 4649570 3453417 36477 130000 3359894 3381963 190204 118750 3453417 0.90140 0.09860 0 0 768320 768320 4556117 2671160 1884957 278094 146677 131417 9566661 9566661 12351355 LIABILITIES HELD FOR OTHERS 209321 FINANCE LEASE PAYABLE 29484 238805 X 14406696 786368 786368 13620328 18913 18913 13639241 7474194 0 7474194 18913 18913 7493107 PART V, LINE 4: THE LONG-TERM INVESTMENT FUND, CONSISTING OF MULTIPLE FUNDED PROGRAMS, AND OPERATING RESERVES, HAS BEEN ESTABLISHED IN ORDER TO SUPPORT THE GROWTH AND OPERATIONS OF THE ORGANIZATION. PART X, LINE 2: THE INSTITUTE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVENTORY ADJUSTMENT 18,913. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVENTORY ADJUSTMENT 18,913. X X 1 AMERICAN PHILANTHROPIC 119 N HIGH ST WEST CHESTER PA 19380 DIRECT MAIL CONSULTING 0 361666 79084 282582 361666 79084 282582 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 COLLEGIATE NETWORK FELLOWSHIPS AND INTERNSHIPS 12 310930 FMV RICHARD M. WEAVER FELLOWSHIP 15 155000 FMV ISI SOCIETY GRANTS 8 6513 FMV ISI CAMPUS JOURNALISM GRANTS 84 116925 FMV PART I, LINE 2: RICHARD M. WEAVER GRADUATE FELLOWSHIPS - RICHARD M. WEAVER GRADUATE FELLOWSHIPS ARE AWARD THROUGH A COMPETITIVE APPLICATION AND EVALUATION PROCESS. THE GRADUATE FELLOWSHIP COMMITTEE, COMPRISED OF PROGRAM STAFF MEMBERS, ASSESS APPLICATIONS ONCE A YEAR. THE APPLICATIONS THEN GO ON TO AN INDEPENDENT 5-6 MEMBER FACULTY COMMITTEE FOR FINAL REVIEW. APPLICANTS MUST BE ENROLLED IN A FULL-TIME GRADUATE PROGRAM WITH THE INTENT OF BECOMING A UNIVERSITY PROFESSOR. APPLICANTS MUST COMPLETE A COMPREHENSIVE APPLICATION, SUBMIT A COPY OF THEIR UNOFFICAL TRANSCIPT, ESSAY QUESTIONS, WRITING SAMPLES, AND THREE LETTERS OF RECOMMENDATION. GRANTS WERE AWARDED TO 15 GRADUATE STUDENTS IN THE 2022-23 ACADEMIC YEAR. COLLEGIATE NETWORK INTERNSHIPS & FELLOWSHIPS - POTENTIAL COLLEGIATE NETWORK FELLOWS AND INTERNS MUST SUBMIT AN APPLICATION ALONG WITH TWO REFERENCES WHO WILL SEND IN LETTERS OF RECOMMENDATION, 2-3 WRITING SAMPLES, COVER LETTER, RESUME, AND COLLEGE TRANSCRIPT. TOP APPLICANTS ARE THEN INVITED TO A ROUND OF INTERVIEWS, WHERE A COLLEGIATE NETWORK OFFICER SPEAKS TO EACH OF THEM ABOUT THEIR QUALIFICATIONS AND HOPEFUL DESTINATIONS. INTERNS AND FELLOWS ARE PLACED AT PUBLICATIONS THAT MAKE THE BEST FIT. INTERNS RECEIVE APPROXIMATELY $6,000 STIPEND AND FELLOWS RECEIVE APPROXIMATELY $42,000 PER YEAR. ISI SOCIETY GRANTS - ISI SOCIETY GRANTS ARE AWARDED THROUGH AN APPLICATION AND EVALUATION PROCESS. CAMPUS GROUPS MANAGER OR PROGRAM OFFICER OVERSEEING THE SPECIFIC CAMPUS THAT IS REQUESTING FUNDS ASSESSES APPLICATIONS ON A ROLLING BASIS. APPLICANTS MUST BE LEADING AN OFFICIAL ISI SOCIETY AND BE WITHIN GOOD STANDING OF ISI. APPLICANTS MUST ALSO COMPLETE A COMPREHENSIVE APPLICATION INCLUDING AMOUNT REQUESTED, PURPOSE, AND DETAILED BUDGET OF HOW THE FUNDS WILL BE USED. ISI CAMPUS JOURNALISM GRANTS - ISI CAMPUS JOURNALISM GRANTS ARE AWARDED TO PUBLICATIONS THROUGH A RIGOROUS APPLICATION PROCESS. AFTER A STUDENT SHOWS INTEREST IN FORMING A PAPER OR JOINING COLLEGIATE NETWORK WITH A PRE-EXISTING PUBLICATION, THEY MUST MEET WITH A COLLEGIATE NETWORK OFFICER WHO WILL EVALUATE THEIR PROSPECTS. IF THE OFFICER APPROVES THE POTENTIAL MEMBER, THE STUDENT CANDIDATE MUST FILL OUT AN APPLICATION CONTAINING A BUDGET, BUSINESS PLAN, MISSION STATEMENT, STAFF ROSTER, AND SEVERAL OTHER ITEMS PROVING THEIR LEGITIMACY AND POTENTIAL. THE OFFICER WILL EXAMINE THE BUDGET AND DETERMINE A REASONABLE GRANT BASED ON THE STUDENT'S STATED NEED. X X X 0 0 0 0 0 0 0 0 0 JOHN A BURTKA IV PRESIDENT & CEO 327862 0 0 0 0 0 13200 0 12682 0 353744 0 0 0 DANIEL MCCARTHY VICE PRESIDENT AND EDITOR 177736 0 0 0 0 0 5450 0 7673 0 190859 0 0 0 PAUL RHEIN VICE PRESIDENT, OPERATIONS 151345 0 0 0 0 0 6363 0 29192 0 186900 0 0 0 AMANDA BURTKA WIFE OF JOHN A. BURTKA, IV (PRESIDENT & CEO) 2150 AMANDA BURTKA IS OWNER OF POESIS CREATIVE, A BRANDING AND GRAPHIC DESIGN STUDIO. POESIS PROVIDED SOCIAL MEDIA MARKETING, DESIGN, AND BRANDING SERVICES TO ISI DURING THE YEAR. ALL SERVICES PERFORMED PY POESIS WERE APPROVED BY THE BOARD. 0 ELLY BROWN WIFE OF WILLIAM LONG (TRUSTEE) 400 ELLY BROWN RECEIVED A $400 STIPEND FOR ATTENDANCE AT THE ALUMNI LIBERTY FUND COLLOQUIUM. DURING THE YEAR, SHE WAS ACCEPTED AS A FELLOW FOR THE 2023-2024 ACADEMIC YEAR. 0 X 1 0 NA X 4 334554 FMV 0 0 0 0 PART I, LINE 33: DONATION WAS A 78.5" (TWO 13" SIDE PANELS PLUS 52.5" MAIN) X 36" ILLUSTRATION (CIRCA 1934) OF THE KALMAR NYCKEL AND WAS PAINTED BY STANLEY ARTHURS SPECIFICALLY FOR USE IN "THE AMERICAN HISTORICAL SCENE" BOOK. LATER, A FORMER OWNER REQUESTED THAT SIDE PANELS BE ADDED SO THAT IT WOULD FIT THE SPACE THEY HAD ABOVE THE FIREPLACE IN THEIR HOME. WHILE THE CENTER PANEL IS OIL ON CANVAS, THE SIDE PANELS ARE OIL ON ILLUSTRATION BOARD. ALTHOUGH THERE IS NO RESTRICTION ON ITS SALE, IT IS CONSIDERED TO HAVE A PERMANENT PLACE IN THE NEW BUILDING ON ISI'S CAMPUS AS A GIFT FROM A MAJOR DONOR FOR THE BEAUTIFICATION AND ENJOYMENT OF ALL THAT VISIT. IN ADDITION, IT WAS OUTSIDE THE NORMAL DONATION PAYMENT PATTERNS; THEREFORE, NO VALUE WAS ATTRIBUTED TO IT. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO FILING EACH YEAR. THE ORGANIZATION'S ACCOUNTING FIRM COMPILES ALL NECESSARY INFORMATION AND PREPARES THE FORM 990. THE DRAFT IS THEN REVIEWED BY THE PRESIDENT AND THE CFO. ONCE ALL CHANGES AND/OR CORRECTIONS HAVE BEEN MADE THE RETURN IS THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S STAFF IS REQUIRED TO SIGN AND ACKNOWLEDGE THAT THEY HAVE RECEIVED AND WILL ADHERE TO ALL POLICIES CONTAINED WITHIN THE ORGANIZATION'S EMPLOYEE HANDBOOK, INCLUDING THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMPENSATION COMMITTEE COMPRISED OF MEMBERS OF THE ORGANIZATION'S BOARD OF TRUSTEES. COMMITTEE MEMBERS ARE INDEPENDENT, VOLUNTEER TRUSTEES WHO ARE NOT EMPLOYEES OF THE ORGANIZATION. IN DEVELOPING ITS RECOMMENDATIONS, THE COMMITTEE ENSURES THAT COMPENSATION IS BENCHMARKED BASED ON KNOWLEDGE OF HISTORIC COMPARABLES AT THE ORGANIZATION AND CONTEMPORARY INDUSTRY STANDARDS. RECOMMENDATIONS FOR EXECUTIVE COMPENSATION ARE PRESENTED TO THE FULL BOARD FOR DELIBERATION AND DECISION. IN THE FUTURE, ISI WILL ALSO ENSURE THAT THESE PROCEDURES APPLY TO KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST ALTHOUGH IT IS NOT REQUIRED TO DO SO. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT & FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS. COLLEGIATE NETWORK INC 3901 CENTERVILLE RD WILMINGTON DE 19807 232799773 EDUCATION THROUGH STUDENT JOURNALISM DE 501(C)(3) LINE 12B, II INTERCOLLEGIATE STUDIES INSTITUTE 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 COLLEGIATE NETWORK INC C 752708 CASH COLLEGIATE NETWORK INC L NOT READILY DETERMINABLE. COLLEGIATE NETWORK INC N NOT READILY DETERMINABLE. COLLEGIATE NETWORK INC O NOT READILY DETERMINABLE.