2024-05-14T15:05:48-05:00 2023-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-07-01 042306408 INTERNATIONAL INSTITUTE FOUNDATION IN SPAIN INTE 5084737233 11 CALVIN DRIVE CO MICHAEL DIORIO MILFORD MA 01757 PROF MARGERY RESNICK PRESIDENT 5084737233 2024-05-03 1 PROF MARGERY RESNICK 999009999 0 KRISTIN ANDERSON P01231300 2123721000 2024-05-01 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PROF MARGERY RESNICK MIT 14N-333 CAMBRIDGE MA 02139 3328893 0 X HTTP://WWW.IIE.ES X 1892 MA TO PROMOTE EDUCATIONAL AND CULTURAL EXCHANGE BETWEEN SPAIN AND THE U.S. 13 13 2 13 0 0 6000 7375 1077781 1119929 650940 -148450 745 849 1735466 979703 0 0 0 0 743165 753767 0 0 0 733363 664583 1476528 1418350 258938 -438647 11096889 11704639 155053 130022 10941836 11574617 IN ACCORDANCE WITH ITS FOUNDING PRINCIPLES, THE PROGRAMS IT SUPPORTS HAVE THE PRIMARY GOALS OF PROMOTING CULTURAL AND EDUCATIONAL EXCHANGE BETWEEN SPAIN AND THE UNITED STATES AND ADVANCING WOMENS' INTERESTS. 0 0 869761 1119929 THE INSTITUTE OFFERS SPANISH CULTURAL PROGRAMMING TO AMERICAN COLLEGE STUDENTS AND AMERICAN CULTURAL COURSES TO SPANISH STUDENTS. 869761 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 2 0 1 2 1 0 1 SP 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X MICHAEL A DIORIO 5084737233 11 CALVIN DRIVE C/O MICHAEL DIORIO MILFORD MA 01757 SEABRON C ADAMSON DIRECTOR 1.00 X 0 0 0 KAREN W ARENSON DIRECTOR 1.00 X 0 0 0 PROF STANLEY H BRANDES DIRECTOR (UNTIL 9/19/22) 1.00 X 0 0 0 PROF MARTHA L GRAY DIRECTOR 1.00 X 0 0 0 D ALVARO MENDIOLA JIMENEZ DIRECTOR 1.00 X 0 0 0 LORELLA LAMONACA DIRECTOR 1.00 X 0 0 0 PROF LINDA LEVINE DIRECTOR 1.00 X 0 0 0 LUCIA GOY MASTROMIECHELE DIRECTOR 1.00 X 0 0 0 DIEGO RODRIGUEZ PALENZUELA DIRECTOR 1.00 X 0 0 0 ALBERTO MATA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 MEREDITH A SIMMONS DIRECTOR 1.00 X 0 0 0 PROF MARGERY RESNICK DIRECTOR/PRESIDENT 1.00 X X 0 0 0 FRANCIS V LLOYD III DIRECTOR/TREASURER 1.00 X X 0 0 0 THOMAS M HOTALING AIA DIRECTOR/CLERK 1.00 X X 0 0 0 STEPHEN K AULT BOARD LIAISON 20.00 X 112500 0 0 PILAR PINON EXECUTIVE DIRECTOR 40.00 X 85174 0 0 197674 0 0 1 0 0 0 0 1225 6150 7375 AMERICAN PROGRAM REV. 611600 774567 774567 SPANISH TUITION FEES 611600 345362 345362 1119929 104775 104775 2095965 2349190 -253225 -253225 -253225 OTHER INCOME 900099 849 849 849 979703 1119929 0 -147601 112500 112500 507439 222646 284793 133828 92871 40957 45037 45037 53648 53648 61855 24501 37354 39816 31205 8611 1375 1375 58477 57046 1431 54552 54552 177268 170177 7091 19616 19616 SPANISH VAT EXPENSE 57591 57591 REPAIRS AND MAINTENANCE 53444 49848 3596 MISCELLANEOUS EXPENSES 41904 31760 10144 1418350 869761 548589 0 423833 237592 269753 386310 104863 103849 20664 23063 6379587 3365600 3038159 3013987 7238252 7938412 1365 1426 11096889 11704639 155053 130022 155053 130022 X 10941836 11574617 10941836 11574617 11096889 11704639 X -438647 948051 123377 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5631358 2686100 2945258 682212 619680 62532 66017 59820 6197 3013987 X 1874106 948051 948051 926055 53648 53648 979703 1364702 0 1364702 53648 53648 1418350 PART X, LINE 2: THE INSTITUTE IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE UNITED STATES INTERNAL REVENUE CODE (IRC) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE INSTITUTE HAS BEEN DETERMINED TO BE OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE (IRS). THERE ARE CURRENTLY NO FEDERAL OR STATE INCOME TAX AUDITS IN PROGRESS. THE INSTITUTE EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIAL POSITION ON AN ANNUAL BASIS. TAX RETURNS REMAIN OPEN FOR EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. THE INSTITUTE IS REQUIRED TO RECOGNIZE IN ITS FINANCIAL STATEMENTS THE EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE INSTITUTE DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE INSTITUTE HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE INSTITUTE HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION DOES NOT ADVERTISE OR PROMOTE ITS SERVICES IN THE UNITED STATES, AND, WHEN REQUIRED, PUBLICIZES ALL NECESSARY INFORMATION PERTAINING TO ITS POLCIIES, AS PER SPANISH LAW. EUROPE (INCLUDING ICELAND & GREENLAND) 1 20 PROGRAM AND MANAGEMENT SERVICES SPANISH CULTURAL COURSES, ENGLISH COURSES TO SPANISH STUDENTS AND LIBRARY. 1065641 1 20 0 0 1 20 1065641 0 1065641 0 0 0 0 0 0 PART III ACCOUNTING METHOD: STEPHEN K AULT FAMILY MEMBER OF PROF. MARGERY RESNICK, PRESIDENT. 112500 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS A SINGLE CLASS OF MEMBERS WITH THE RIGHT TO ELECT THE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AS WELL AS VOTE ON GOVERNANCE DECISIONS AS DETERMINED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE DECISION TO AMEND, ALTER, OR REPEAL THE ORGANIZATION'S BYLAWS IS RESERVED TO THE MEMBERS, AS WELL AS THE DECISION TO REMOVE A MEMBER WITH CAUSE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS EMAILED TO MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. THE FULL BOARD ALSO RECEIVES A COPY OF THE FINAL FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO DIRECTORS AND EMPLOYEES WHICH IT REGULARLY MONITORS AND ENFORCES. DIRECTORS WITH PERSONAL INTERESTS INFORM OTHER DIRECTORS OR THE PRESIDENT AND MAY BE DISQUALIFIED FROM VOTING ON THE SITUATION UNLESS OTHERWISE DETERMINED BY THE PRESIDENT. ISSUES INVOLVING EMPLOYEES ARE RESOLVED BY THEIR SUPERVISORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS VOTES VOTES ON THE ORGANIZATION'S BUDGET EACH YEAR. THE BUDGET DELIBERATIONS INCLUDE DISCUSSIONS OF COMPENSATION FOR ALL EMPLOYEES INDIVIDUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZAITON MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE MASSACHUSETTS OFFICE OF THE ATTORNEY GENERAL WEBSITE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS 123,377.