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International Institute Foundation In Spain

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042306408 ✦ Milford, MA ✦ Designated as a 501(c)(3)

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Overview

What is International Institute Foundation In Spain?

The International Institute Foundation in Spain is a nonprofit organization, established in 1892 as a Massachusetts Charitable Corporation, with a primary focus on fostering cultural and educational exchange between Spain and the United States. Based in Milford, Massachusetts, this organization offers a range of programs for American college students and Spanish students. For American students, it provides Spanish cultural programming, while for Spanish students, it offers American cultural courses. The International Institute Foundation in Spain further extends its mission through educational and cultural exchange programs in Madrid, Spain, where it also maintains a lending library. With a small workforce of just two individuals, the foundation's initiatives aim to promote cross-cultural understanding and advance women's interests.


Official website here: www.iie.es

What are the reviews and ratings of this charity?

90%

The International Institute Foundation in Spain has received a Four-Star out of Four Star rating from Charity Navigator, signifying a strong performance in terms of accountability and finance. The overall score is based entirely on this single beacon score, reflecting the organization's commitment to maintaining high standards in its financial practices and oversight.

A notable strength of the foundation is its governance structure, with a fully independent board consisting of 13 members. This independence is coupled with robust financial oversight mechanisms, including regular audits and clear policies regarding conflict of interest and whistleblower protection. The organization also demonstrates effective management with a low liabilities-to-assets ratio, indicating sound financial health.

However, while the foundation's program expense ratio is reasonably strong at 64.86%, there is room for improvement in this area. Enhancing the percentage of funds allocated directly to programs could further bolster the organization's efficiency and impact. Overall, the foundation's high accountability score reflects a solid commitment to ethical practices and transparency.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about International Institute Foundation In Spain?

90% of 16 reviewers on Facebook recommend the International Institute Foundation in Spain. Here is a summary of their reviews:

Many attendees express high satisfaction with the venue, praising its excellent attention to detail and remarkable building quality. One reviewer highlighted the great acoustics of the piano, making it an ideal location for corporate events and charity concerts. They mentioned that the experience was positive, with everyone leaving delighted after a recent fundraising event.

Overall, the sentiment reflects a strong endorsement of the foundation's facilities and services, indicating that it successfully meets the needs of its users and contributes positively to community events.


This AI summary has been generated from reviews found on Facebook.

Is International Institute Foundation In Spain legitimate?

International Institute Foundation In Spain is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Institute Foundation In Spain submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $497,205

For more financial information, click here


Official website here: www.iie.es

What is the mission statement of International Institute Foundation In Spain?

The International Institute Foundation in Spain is a nonprofit organization, established in 1892, with a primary mission to foster cultural and educational exchange between Spain and the United States. It supports programs that align with these goals, aiming to advance women's interests as well. The institution offers Spanish cultural programming to American college students and American cultural courses to Spanish students. Its activities also include maintaining a lending library. The foundation's mission is to promote understanding and cooperation between the two nations, thereby enriching both societies.


Official website here: www.iie.es

Who is the CEO of International Institute Foundation In Spain?

Prof Margery Resnick is the Director of International Institute Foundation In Spain.


Official website here: www.iie.es

What is the revenue of International Institute Foundation In Spain?

International Institute Foundation In Spain's revenue in 2022 was $1,735,466.


Official website here: www.iie.es

Who are the executives of International Institute Foundation In Spain and what are their salaries?

The average compensation at International Institute Foundation In Spain during 2022 was $303,602. There are 2 employees and 13 volunteers at International Institute Foundation In Spain.


Here are 15 key members and their salaries:


Seabron C Adamson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen W Arenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prof Stanley H Brandes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prof Martha L Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Alvaro Mendiola Jimenez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorella Lamonaca (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prof Linda Levine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucia Goy Mastromiechele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith A Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prof Margery Resnick (Director/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis V Lloyd Iii (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prof Raquel M Halty (Director/Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas M Hotaling Aia (Director/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen K Ault (Board Liaison)
  • Compensation: $110,000
  • Related: $0
  • Other: $0
Pilar Pinon (Executive Director)
  • Compensation: $98,109
  • Related: $0
  • Other: $0


Official website here: www.iie.es

Where can I find the form 990 for International Institute Foundation In Spain?

International Institute Foundation In Spain's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iie.es

Learn more at the official website: www.iie.es

Mission Statement of International Institute Foundation In Spain

The International Institute Foundation in Spain, established in 1892 and organized as a Massachusetts charitable corporation, is a nonprofit organization with a mission to foster cultural and educational exchange between Spain and the United States. In line with its founding principles, this organization supports programs with the primary goal of promoting cultural exchange and advancing women's interests. The International Institute Foundation in Spain achieves this mission through various means. It offers Spanish cultural programming for American college students, providing them with an immersive experience in Spanish culture. Conversely, it offers American cultural courses to Spanish students, fostering mutual understanding and appreciation between the two nations. Furthermore, the organization maintains a lending library in Madrid, offering a wealth of resources for those interested in learning about different cultures and perspectives. The International Institute Foundation in Spain plays a crucial role in promoting cross-cultural understanding and empowering women through its educational and cultural exchange programs.

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Impact




July, 2024

The International Institute Foundation In Spain's impact lies in facilitating educational and cultural exchange programs in Madrid, Spain. By offering Spanish cultural programming to American college students and American cultural courses to Spanish students, the Institute promotes cross-cultural understanding and fosters connections between Spain and the United States. Additionally, through its lending library and various courses, the organization contributes to advancing women's interests and supporting its mission of promoting cultural and educational exchange.




This information is meant to be a general summary of International Institute Foundation In Spain. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,735,466 (2022)
Expenses
$1,476,528 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $650,940
  • Program Service Revenue: $1,077,781
  • Gross Receipts: $3,470,938

Assets and Liabilities:

  • Total Assets: $11,096,889
  • Total Liabilities: $155,053
  • Net Assets: $10,941,836

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AMERICAN PROGRAM REV.

Revenue

$734,198

SPANISH TUITION FEES

Revenue

$343,583

Organization Details

Founding Year

1892

Principal Officer

Prof Margery Resnick

Main Address

11 CALVIN DRIVE CO MICHAEL DIORIO, MILFORD, MA, 01757

Website

www.iie.es

NTEE Category

Code: Q220 - International

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