2026-04-30T07:50:17-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2024-07-01 621355896 INSTITUTE FOR STUDY ABROAD INC INST 3179404239 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 ERIC J HARTON CFO 3179404239 2026-04-22 1 1 MARK HEROUX P00959793 3127298000 2026-04-22 2024 2025-03-06 01:10:19Z ERIC J HARTON 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 49030347 0 X WWW.IFSA-BUTLER.ORG X 1988 IN IFSA PROVIDES CULTURALLY RICH STUDY ABROAD PROGRAMS DESIGNED TO HELP STUDENTS FOSTER CRITICAL PERSPECTIVES, KNOWLEDGE, AND SKILLS. 14 14 83 14 90295 89295 0 0 46761244 48139948 395611 610912 255837 195134 47412692 48945994 1119732 1304942 0 0 8805248 9022430 0 0 0 34584446 35421866 44509426 45749238 2903266 3196756 21535622 25434883 8255624 8156959 13279998 17277924 IFSA PROVIDES CULTURALLY RICH STUDY ABROAD PROGRAMS DESIGNED TO HELP STUDENTS FOSTER CRITICAL PERSPECTIVES, KNOWLEDGE, AND SKILLS. 0 0 37621633 1304942 48139948 WE PROVIDE STUDY ABROAD PROGRAMS TO STUDENTS IN VARIOUS COUNTRIES AROUND THE WORLD. WE ALSO PROVIDE TRANSPORTATION, HOUSING, SOME MEALS, ORIENTATION, CLASSES AT UNIVERSITIES AND TRIPS. 37621633 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 49 0 1 83 1 1 1 1 AS NZ UK EI MX CS PE AR CI CU EZ SP CH IT 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 IN X MICHELE COOK 3179404240 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 MARSHA VOLK BUGALLA CHAIRMAN AND DIRECTOR 2.00 X X 0 0 0 AMIR REZA SECRETARY AND DIRECTOR 2.00 X X 0 0 0 AARON BRUCE DIRECTOR 2.00 X 0 0 0 ALMA CLAYTON-PEDERSEN DIRECTOR 2.00 X 0 0 0 CAROL LEBOLD DIRECTOR 2.00 X 0 0 0 DAVID HILBORN DIRECTOR 2.00 X 0 0 0 GARY BUTKUS DIRECTOR 2.00 X 0 0 0 HOLLY HUDSON DIRECTOR 2.00 X 0 0 0 KRISTOPHER LICHTER DIRECTOR 2.00 X 0 0 0 LEVESTER JOHNSON DIRECTOR 2.00 X 0 0 0 MARISOL SANCHEZ DIRECTOR 2.00 X 0 0 0 MICHAEL GOODMAN DIRECTOR 2.00 X 0 0 0 PATRICIA PRYOR DIRECTOR 2.00 X 0 0 0 SCOTT WILSON DIRECTOR 2.00 X 0 0 0 HEATHER BARCLAY HAMIR PRESIDENT AND CEO 40.00 X 385267 0 56864 ERIC HARTON VICE PRESIDENT AND CFO 40.00 X 228958 0 23803 BRENDA MAJESKI VP FOR ENGAGEMENT AND MARKETING 40.00 X 199990 0 46905 CHRISTOPHER KUPIAINEN DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 142137 0 43778 MICHELE COOK SENIOR DIRECTOR OF FINANCE 40.00 X 121848 0 32802 JESSICA AUXIER ASSOCIATE VP, HUMAN RESOURCES 40.00 X 129904 0 33230 WAYNE JAMES ASSOCIATE VP, PARTNER ENGAGEMENT 40.00 X 136100 0 11703 JOHN KUSOVSKI ASSOCIATE VP, WEB AND DIGITAL MARKETING 40.00 X 131968 0 18615 1476172 0 267700 12 0 1 0 ONETWO LLC 6858 26TH AVE NE SEATTLE WA 98115 CONSULTING 270400 1 TUITION AND FEES 611600 48139948 48139948 48139948 610912 610912 253608 84353 169255 169255 90295 78960 MISCELLANEOUS INCOME 900099 25879 25879 25879 48945994 48139948 90295 715751 1304942 1304942 2148613 2148613 5659588 3622035 2037553 166800 126621 40179 515190 289256 225934 532239 298447 233792 152611 152611 241918 241918 777951 47212 730739 204233 2484 201749 113989 49189 64800 702137 117850 584287 858091 837321 20770 631986 77934 554052 58386 58386 11413 11413 83696 83696 232092 2505 229587 INSTRUCTION, STUDENT HO 28511682 28511682 STUDENT SERVICES 2291321 2291321 VAT AND OTHER TAXES 408918 408918 OTHER EXPENSES 141442 42834 98608 45749238 37621633 8127605 0 6326278 6032899 634126 0 549812 1642052 1021780 1319153 3549831 1312029 2322394 2237802 8008368 10418048 2672864 3784929 21535622 25434883 1448813 1034950 2620356 2613206 27238 0 4159217 4508803 8255624 8156959 X 13279998 17277924 13279998 17277924 21535622 25434883 X 3196756 483988 317182 X X 0 1 X 1 0 X 1033426 853925 0 0 0 1887351 1577531 20092386 33462144 46761244 48139948 150033253 2610957 20946311 33462144 46761244 48139948 151920604 0 0 0 151920604 235942 272682 290390 627813 864522 2291349 235942 272682 290390 627813 864522 2291349 92866 24438 24372 128223 25879 295778 2939765 21243431 33776906 47517280 49030349 154507731 0.98330 0.98550 0.01480 0.01230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 92,866. 2021 AMOUNT: $ 24,438. 2022 AMOUNT: $ 24,372. 2023 AMOUNT: $ 128,223. 2024 AMOUNT: $ 25,879. 245000 245000 1607747 329130 1278617 1389239 688859 700380 307845 294040 13805 2237802 SECURITY DEPOSITS 356379 FMV OF FORWARD CONTRACTS 1115129 RIGHT OF USE ASSET 2313421 3784929 OTHER LIABILITIES 331663 DEPOSITS 21674 ACCRUED COMPENSATION & BENEFITS 632632 DEFERRED TAX 126380 ACCRUED AUDIT FEES 119368 ACCRUED VACATION 97074 LEASE LIABILITIES 3076628 ACCRUED CREDIT CARD 103384 4508803 X 48209395 483988 84355 568343 47641052 1304942 1304942 48945994 44528651 -1220587 -1220587 45749238 0 45749238 PART X, LINE 2: THE INSTITUTE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE INSTITUTE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE INSTITUTE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 84,355. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP 1,304,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -1,304,942. RENTAL EXPENSES 84,355. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 5 PROGRAM SERVICES STUDENT SUPPORT 565885 EAST ASIA AND THE PACIFIC 1 16 PROGRAM SERVICES STUDENT SUPPORT 8893329 EUROPE 6 29 PROGRAM SERVICES STUDENT SUPPORT 22550286 NORTH AMERICA 1 3 PROGRAM SERVICES STUDENT SUPPORT 493524 SOUTH AMERICA 4 10 PROGRAM SERVICES STUDENT SUPPORT 1984836 MIDDLE EAST AND NORTH AFRICA 1 1 PROGRAM SERVICES STUDENT SUPPORT 14 64 0 0 14 64 34487860 0 34487860 0 0 1 0 0 0 SCHEDULE F, PART I, LINE 3: THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE FOREIGN EDUCATIONAL CENTERS. ASSETS, LIABILITIES, AND TRANSACTIONS HAVE BEEN TRANSLATED IN ACCORDANCE WITH ACCOUNTING STANDARDS RELATING TO FOREIGN CURRENCY TRANSLATION, WHICH REQUIRES TRANSLATION AT THE CURRENT EXCHANGE RATES AS OF YEAR-END FOR ALL ASSETS AND LIABILITIES, AND THE AVERAGE EXCHANGE RATE OF FOREIGN CURRENCY PURCHASES DURING THE YEAR FOR EXPENDITURES. SUBSTANTIALLY ALL REVENUES ARE BILLED, COLLECTED AND ACCOUNTED FOR IN U.S. DOLLARS. FOREIGN CURRENCIES ARE PURCHASED, PRIMARILY THROUGH FORWARD CURRENCY AND FUTURES CONTRACTS, TO FINANCE THE EXPENDITURES AT THE FOREIGN EDUCATIONAL CENTERS. THE FOREIGN CURRENCY AND FUTURES CONTRACTS ARE ENTERED INTO SO AS TO LIMIT EXPOSURE FROM THE FLUCTUATION OF FOREIGN CURRENCY EXCHANGE RATES. ASSETS AND LIABILITIES OF FOREIGN LOCATIONS USING FOREIGN CURRENCIES WERE TRANSLATED AT YEAR-END EXCHANGE RATES. REVENUE AND EXPENDITURES WERE TRANSLATED AT THE AVERAGE EXCHANGE RATES DURING THE YEAR. 1 IFSA DISCRETIONARY SCHOLARSHIP 483 376907 IFSA NEED BASED SCHOLARSHIPS 334 310035 STATE SCHOOL SCHOLARSHIPS 349 618000 PART I, LINE 2: IFSA PROVIDES SCHOLARSHIP AND GRANTS TO STUDENTS OR DIRECTLY APPLIES THEM TO THEIR IFSA FEES. PROGRAM ATTENDANCE IS SUBSEQUENTLY CONFIRMED. X X X X 0 1 0 0 0 0 0 0 0 HEATHER BARCLAY HAMIR PRESIDENT AND CEO 385267 0 0 0 0 0 19263 0 37601 0 442131 0 0 0 ERIC HARTON VICE PRESIDENT AND CFO 228958 0 0 0 0 0 11448 0 12355 0 252761 0 0 0 BRENDA MAJESKI VP FOR ENGAGEMENT AND MARKETING 199990 0 0 0 0 0 10000 0 36905 0 246895 0 0 0 CHRISTOPHER KUPIAINEN DIRECTOR OF INFORMATION TECHNOLOGY 142137 0 0 0 0 0 7107 0 36671 0 185915 0 0 0 JESSICA AUXIER ASSOCIATE VP, HUMAN RESOURCES 129904 0 0 0 0 0 6495 0 26735 0 163134 0 0 0 MICHELE COOK SENIOR DIRECTOR OF FINANCE 121848 0 0 0 0 0 6092 0 26710 0 154650 0 0 0 JOHN KUSOVSKI ASSOCIATE VP, WEB AND DIGITAL MARKET 131968 0 0 0 0 0 6598 0 12017 0 150583 0 0 0 PART I, LINE 4B SCHEDULE J, PART I, LINE 1B: A POLICY IS FOLLOWED WITHIN THE INDIVIDUAL'S EMPLOYMENT AGREEMENT. SCHEDULE J, PART I, LINE 4B: ONE EMPLOYEE PARTICIPATES IN A 457(B) PLAN, BUT THE INSTITUTE FOR STUDY ABROAD DOES NOT MAKE ANY CONTRIBUTIONS TO THE PLAN. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS OF THE INSTITUTE FOR STUDY ABROAD IS COMPOSED OF THIRTEEN ELECTED DIRECTORS, TWO APPOINTED MEMBERS, AND ONE NON-VOTING MEMBER (THE PRESIDENT). ELECTED DIRECTORS AND APPOINTED DIRECTORS VOTE ON MOST MATTERS. HOWEVER, APPOINTED DIRECTORS ARE LIMITED IN THEIR VOTING POWERS AS DESCRIBED IN THE ORGANIZATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE, AUDIT AND RISK COMMITTEE. THIS COMMITTEE REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS. THE PRESIDENT DETERMINED ALL OTHER SALARIES TAKING MARKET RATES AND BUDGET CONSTRAINTS INTO CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET LOSS IN FAIR VALUE OF FORWARD CURRENCY CONTRACTS 1,003,624. DECREASE IN NET ASSETS FROM FOREIGN CURRENCY/TRANSLATION ADJUSTMENT -547,042. ERC WRITE OFF -139,400. FORM 990, PART XII, LINE 2C: THE FINANCE, AUDIT AND RISK COMMITTEE RETAINS OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ALLIANCE FOR GLOBAL EDUCATION 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 204249533 EDUCATIONAL SERVICES IN IFSA ISLE PROGRAM (USA) INC 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 272218034 EDUCATIONAL SERVICES DE IFSA IFSA FOUNDATION INC 6201 CORPORATE DRIVE SUITE 200 INDIANAPOLIS IN 46278 201238211 SCHOLARSHIPS IN 501(C)(3) PF N/A 1 IFSA REAL ESTATE HOLDINGS LLC 6201 CORPORATE DR SUITE 200 INDIANAPOLIS IN 46278 810726371 REAL ESTATE IN IFSA C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0