2026-06-11T11:30:18+00:00 2025-07-31 346565596 ERNST & YOUNG US LLP ONE MANHATTAN WEST NEW YORK NY 100018604 990 2024-08-01 822365514 IE NEW YORK COLLEGE IENE 9177701557 64 WOOSTER STREET New York NY 10012 Lillian Lopez Managing Director 6467685300 2026-06-11 true true Laura Mayo P01962945 2127733000 2026-06-08 2024 2025-03-06 01:10:19Z IENYC JACQUELINE LEBLANC 64 WOOSTER STREET NEW YORK NY 10012 7166203 false X www.ienyc.edu X 2017 NY The College delivers unique Master of Science degrees in Business for Social Impact and Sustainable Fashion. 9 9 20 9 0 5096877 6807377 341661 354451 2122 1589 7963 2786 5448623 7166203 81310 212515 0 1943884 1928065 0 0 0 3510502 3167720 5535696 5308300 -87073 1857903 8852115 10293457 10099229 9687513 -1247114 605944 (SEE SCHEDULE O) false false 1673669 212515 344873 M.S. Business for Social Impact & Sustainability - This program equips students with the knowledge and skills to drive positive social and environmental change through business. The program blends theoretical foundations with practical applications, focusing on innovative business strategies that align positive impact with profitability and long-term success. Students will learn cutting-edge sustainable business practices, positioning them to lead their organizations toward a relevant future while making a significant impact on society and the environment. 57974 0 9578 M.S. Sustainable Fashion - This program equips students with the knowledge and skills to transform the fashion industry, promoting sustainability, social equity and ethical practices. Blending theoretical foundations with practical applications, the program is designed to deliver a comprehensive understanding of sustainability and purpose in the fashion industry. 1731643 true true false false false false false false false false true false false true true true true false true false true false true false false false false false false true false false false false false false false false false false false false false false false false false false false false true 30 0 true 20 false false false false false false false false false false false false X 9 9 false true false false true true false true true false false false true true true true true true true true false false NY X Lilian Lopez Managing Director 6467685300 64 Wooster Street New York NY 10012 X EUAN RELLIE Trustee 1.0 0.0 X 0 0 0 FERNANDO BARNUEVO Trustee 1.0 0.0 X 0 0 0 JOANN ROLLE Trustee 1.0 0.0 X 0 0 0 KOFI APPENTENG Trustee 1.0 0.0 X 0 0 0 LEE NEWMAN Trustee 1.0 0.0 X 0 0 0 MACARENA ROSADO CORRAL Trustee 1.0 0.0 X 0 0 0 MACARENA RUIZ-JARABO Trustee 1.0 0.0 X 0 0 0 MANUEL MUNIZ VILLA Chair of the Board of Trustees 3.5 0.0 X 0 0 0 MAR HURTADO DE MENDOZA CRESPO Treasurer of the Board of Trustees 1.0 0.0 X 0 0 0 JACQUELINE LEBLANC President 40.0 0.0 X 395976 0 68416 LILIAN LOPEZ Managing Director 40.0 0.0 X 75528 0 91 JESSICA CHANG RUSSELL Director of Operations 40.0 0.0 X 175416 0 32665 JESSICA DOEMAN Director of Academic Engagement 40.0 0.0 X 147887 0 22630 JOHN ALBANESE Dean of Enrollment 40.0 0.0 X 211301 0 22164 MICHAEL COHEN Director of Counseling 20.0 0.0 X 102994 0 346 1109102 0 146312 5 false true false 0 6807377 6807377 Tuition payments 611210 354451 354451 0 0 0 0 354451 1589 1589 0 0 0 0 New York State Tax Refund 900011 2189 2189 Miscellaneous Income 900011 597 597 0 0 0 0 2786 7166203 354451 0 4375 1450 1450 211065 211065 584733 584733 924981 438155 486826 17519 10414 7105 289367 289367 111465 35222 76243 38415 38415 91019 25000 66019 277737 89565 188172 0 241722 3032 238690 30268 30268 62171 62171 2114887 834949 1279938 10879 10879 6286 6286 201142 80616 120526 Maintenance Expense 55164 55164 Meals and Entertainment 35295 35295 Bad debt expense 1989 1989 Other expenses 560 560 186 186 0 0 5308300 1731643 3576657 0 461366 1349779 74443 76032 5107 914028 0 0 0 0 114772 127443 4184314 2745387 799478 1438927 0 0 7396949 6387248 8852115 10293457 604132 688350 0 1323988 0 0 9495097 7675175 10099229 9687513 X -1247114 605944 -1247114 605944 8852115 10293457 X 1857903 -4845 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3064102 1952544 1111558 643671 603544 40127 476541 189299 287242 1438927 Operating Lease Right-of-use Assets 6387248 6387248 Federal Income Taxes Operating Lease Payable 7675175 7675175 X 7079212 0 0 7079212 86991 86991 7166203 5226154 0 0 5226154 82146 82146 5308300 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). Accordingly, it is not subject to income taxes, except to the extent that it has taxable income from activities that are not related to its exempt purpose. Under GAAP, an organization must recognize a tax liability associated with tax positions 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 College does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The College has filed all tax returns, as required. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships reported net of tuition per AFS - 81960 Refunded program service revenue - 4845 Realized loss on foreign currency exchange - 186 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Realized loss on foreign currency exchange - 186 Scholarships reported net of tuition per AFS - 81960 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The College does not discriminate on the basis of race, colour, creed, religion, national origin, disability, political affiliation, age, sexual orientation, arrest record, veteran or marital status in its education programs or activities, including employment and admissions. true Europe (Including Iceland and Greenland) 0 0 Grantmaking 193658 East Asia and the Pacific 0 0 Grantmaking 17407 0 0 0 0 0 0 211065 0 211065 SCHOLARSHIPS Europe (Including Iceland and Greenland) 14 193658 WIRE TRANSFER SCHOLARSHIPS East Asia and the Pacific 1 17407 WIRE TRANSFER false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds IENYC maintains records to substantiate the amount of its grants and other assistance through its CRM system. Each record contains details on the type of assistance provided to the student, the amount awarded, and the date the grant was issued. Selection criteria are based on a combination of academic merit and demonstrated financial need, evaluated through the student's application for academic excellence and supporting financial documentation. IENYC operates on a rolling basis, meaning that applicants who apply earlier in the cycle have a greater likelihood of receiving a higher scholarship, subject to remaining available funds. All assistance is applied directly as a deduction against tuition and is never paid directly to the student, which ensures that funds are used solely for their intended educational purpose. Before each term, the university verifies that all students remain actively enrolled and attending. Additionally, students must be in good academic and financial standing before they are permitted to register for the following trimester, providing a built-in checkpoint that ensures continued eligibility prior to any further assistance being applied. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual X true false false false false false false false false JACQUELINE LEBLANC President 264026 0 131950 0 0 0 11546 0 56870 0 464392 0 0 0 JESSICA CHANG RUSSELL Director of Operations 75416 0 100000 0 0 0 4769 0 27896 0 208081 0 0 0 JESSICA DOEMAN Director of Academic Engagement 104712 0 43175 0 0 0 3048 0 19582 0 170517 0 0 0 JOHN ALBANESE Dean of Enrollment 113801 0 65000 0 32500 0 4062 0 18102 0 233465 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment A severance payment of $32,500 was paid to John Albanese in consideration for executing the Separation Agreement and was paid in a lump sum on the first regular payroll date, in accordance with the organizations customary payroll practices, following the Effective Date of the Separation Agreement. Schedule J, Part I, Line 3 The compensation of the College staff members is discussed and approved by the Executive Committee (PEG), subject to final approval by the Board of Trustees as part of the overall budget process. Schedule J, Part II Compensation listed under Part B (ii) is retention bonus paid in 2024. Compensation listed under Part B (iii) is severance paid in 2024. Form 990, Part III, Line 1 IE New York College (IENYC or the College), as per the incorporating documents is an educational corporation that operates under its own charter with the New York State Education department and maintains accreditation with the Middle States Commission on Higher Education and no part of the earnings of the College shall insure to the benefit of any individual. Globally renowned for social impact for business and ESG education, IE University and IENYC have complementary purposes with a focus on driving positive change through education, research and innovation. Established in 1973, as IE Business School, IE University is now recognized as one of the most innovative universities in the world according to international rankings. They have been ranked by the Financial Times as 1st in the world in ESG and Net Zero Teaching, and they collaborate widely with the United Nations on the fulfillment of the Sustainable Development Goals. Form 990, Part III, Line 4a M.S. Sustainable Fashion - This course equips students with the knowledge and skills to transform the fashion industry, promoting sustainability, social equity and ethical practices. Blending theoretical foundations with practical applications, the program is designed to deliver a comprehensive understanding of sustainability and purpose in the fashion industry. M.S. Business for Social Impact & Sustainability - This course equips students with the knowledge and skills to drive positive social and environmental change through business. The program blends theoretical foundations with practical applications, focusing on innovative business strategies that align positive impact with profitability and long-term success. Students will learn cutting-edge sustainable business practices, positioning them to lead their organizations toward a relevant future while making a significant impact on society and the environment. M.S. Risk, Resilience and Integrity Management - This course imparts the skills and knowledge required to analyze risk as an opportunity to drive growth and change. The Colleges unique approach to enterprise risk examines aspects of crisis and data management, business continuity and corporate social impact. All organizations need risk management professionals who can thrive on the challenges of globalization, new technologies and the increasing demands of working towards sustainability. Form 990, Part VI, Line 3 Delegation of management duties The College has entered into a services arrangement with its sole member, IE Universidad ("IEU"), pursuant to which IEU provides certain administrative and operational support services to the College, including areas such as academic support, information technology, marketing and recruitment, and other professional services. The arrangement does not delegate governing authority or ultimate management control to IEU. The College's Board of Trustees and officers retain full and exclusive authority over all significant management decisions, including academic programs, finances, policies, and strategic direction, and exercise active oversight over all services performed. All transactions and arrangements with IEU are subject to the College's conflict of interest and related party transaction policies, including review and approval by disinterested trustees, as applicable. The College requires that any such arrangements be conducted on terms that are fair and reasonable to the College and consistent with arm's-length standards. Form 990, Part VI, Line 6 Classes of members or stockholders As of July 30, 2024, IE University is the sole member of IENYC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Under the by-laws of the organization (Article V Board of Trustees Sections 5.3 and 5.4), the number of trustees shall consist of not less than seven Trustees and not more than twenty-five Trustees. The Sole Member shall designate for election as Trustees, that number equivalent to the whole number that is immediately less than the number obtained by dividing the total number of Trustees in half. The Board shall designate for election as Trustees that number equivalent to the whole number that is immediately greater than the number obtained by dividing the total number of Trustees in half. Form 990, Part VI, Line 11b Review of form 990 by governing body The Board of Trustees serves as the governing body of IENYC. The Form 990 was prepared by the Managing Director in collaboration with the President, the Director of Administrative Services, and IENYC's tax and accounting firm, Ernst & Young US, LLP. The form was reviewed and approved by the Audit Committee of the Board of Trustees at its meeting on June 1, 2026. Form 990, Part VI, Line 12c Conflict of interest policy The College maintains a written Conflict of Interest Policy applicable to all trustees, officers, and senior administrators (collectively, "covered persons"). Covered persons are required to disclose, on an annual basis and on an ongoing basis, any actual or potential conflicts of interest, including related party transactions. Disclosures are submitted to the Secretary of the Board, who provides them to the Board Chair and facilitates review by the Board. The College monitors potential conflicts through annual disclosure statements, transaction-specific disclosures, and periodic reporting to the Board, including an annual report summarizing conflicts of interest and related party transactions. Initial determinations as to whether a conflict of interest exists are made by the Secretary (or designated legal counsel) together with the Chair of the Board (or a designated trustee). Where a potential conflict is identified, the matter is referred to the Board of Trustees (or a committee composed solely of disinterested trustees), which makes the final determination. Any transaction involving a conflict of interest, including any related party transaction, is reviewed and approved only by disinterested trustees. The Board (or applicable committee) determines that the transaction is fair, reasonable, and in the best interests of the College. Where required, the Board considers alternative transactions and documents the basis for its determination contemporaneously in the meeting minutes. Any individual with a conflict of interest must disclose the conflict and is prohibited from participating in deliberations or voting on the matter. Such individuals are not present during deliberations or voting, except where requested to provide factual information. If a conflict of interest is identified after a transaction has occurred, the matter is reviewed by disinterested trustees, who may take appropriate corrective action consistent with their fiduciary duties. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the President & CEO, who is elected by the Board of Directors, is agreed upon with the Chair of the Board and approved by the full Board as part of the annual budget process, along with all other budget line items. The appointment of officers is debated and approved by the Executive Committee (PEG), which establishes their compensation, subject to final approval by the full Board as part of the overall budget process. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the President & CEO, who is elected by the Board of Directors, is agreed upon with the Chair of the Board and approved by the full Board as part of the annual budget process, along with all other budget line items. The appointment of officers is debated and approved by the Executive Committee (PEG), which establishes their compensation, subject to final approval by the full Board as part of the overall budget process. Form 990, Part VI, Line 19 Required documents available to the public Upon request IENYC will provide Audited Financial Statements and in accordance with relevant Federal law, will provide copies of Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code and the most recent Form 990 and 990-T. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Refunded program service revenue - -4845; Total - -4845;