Overview
What is Iese Foundation Inc?
Iese Foundation Inc, located in New York City, New York, is a philanthropic organization dedicated to supporting research, information dissemination, education, and training in the fields of business and management, as well as economics, sociology, and psychology. They achieve their goals by granting funds to other non-profit entities whose programs align with their purposes. Specifically, they provided a $50,000 unrestricted grant to IESE USA, Inc for operational support and a $60,000 restricted grant to Fundacion Internacional IESE to establish an endowment subfund for scholarships for the full-time MBA program for students from North and South America. The foundation's activities contribute to advancing knowledge and skills in the management sector, thereby promoting progress in these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 70%)
The Iese Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that there are significant areas requiring improvement in its operations. The overall score of 70% reflects a concern regarding certain governance practices, notably the absence of majority independent board members and poor transparency in document retention and whistleblower policies. This suggests potential weaknesses in accountability and oversight.
However, the foundation does show strengths in specific areas. It has a fully independent board size, excellent material diversion of assets score, and strong program expense ratio, indicating that a substantial portion of its resources are directed towards its programs. The organization also maintains a positive ratio of liabilities to assets, which indicates financial stability.
Despite these strengths, the lack of transparency in disclosing documents on its website, such as tax forms and meeting minutes, poses a limitation for potential donors and stakeholders. Improvement in these areas could enhance the foundation's accountability and overall public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Iese Foundation Inc legitimate?
Iese Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iese Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Iese Foundation Inc?
The Iese Foundation Inc's primary objective is to foster research, information dissemination, education, and training in the fields of business and management, as well as economics, sociology, psychology, and related disciplines. They aim to achieve this by providing grants to not-for-profit entities whose programs and activities align with their purposes, thereby contributing to the advancement of these fields. The foundation's goal is to support the development and activities of these entities, thereby contributing to the broader objective of enhancing understanding and expertise in these fields.
Who is the CEO of Iese Foundation Inc?
John Almandoz is the Trustee of Iese Foundation Inc.
What is the revenue of Iese Foundation Inc?
Iese Foundation Inc's revenue in 2022 was $112,905.
Who are the executives of Iese Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Iese Foundation Inc?
Iese Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iese Foundation Inc
Iese Foundation Inc, a non-profit organization, is dedicated to supporting various research, information dissemination, education, and training initiatives. Primarily focused on business and management, as well as related disciplines such as economics, sociology, and psychology, the foundation aims to contribute to the advancement of these fields. To achieve its objectives, Iese Foundation Inc provides grants to other non-profit entities whose programs and activities align with its purposes. By doing so, the foundation seeks to foster the development and growth of these sectors, ultimately promoting progress and innovation in the realms of business and management.
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Impact
October, 2024
Iese Foundation Inc significantly impacts business education and research through its dedicated support for institutions and initiatives that enhance learning and development in various related disciplines. By providing substantial grants, such as $50,000 to IESE USA, Inc. for operational support in New York City, and $60,000 to Fundación Internacional IESE to establish an endowment for scholarships for MBA students from North and South America, the Foundation plays a crucial role in broadening access to quality management education.
The Foundation's focus on supporting research and disseminating knowledge contributes to a more informed understanding of business, management, economics, sociology, and psychology. By funding not-for-profit entities and fostering educational programs, Iese Foundation Inc helps cultivate a robust environment for future leaders equipped with the skills necessary to navigate complex business landscapes. This multifaceted approach not only enriches educational offerings but also promotes diverse perspectives in business practices, ultimately benefiting both the students and the broader community.
This information is meant to be a general summary of Iese Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $112,905
Assets and Liabilities:
- Total Assets: $8,568
- Total Liabilities: $0
- Net Assets: $8,568
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Organization Details
Founding Year
2007
Phone
(646) 346-8850Principal Officer
John Almandoz
Main Address
165 West 57th Street, New York, NY, 10019
NTEE Category
Code: B19 - Education
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