Nonprofit · EIN 26-1565422
IESE USA INC
Also known as IESE BUSINESS SCHOOL
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF (amended) | $6,030,264 | $7,016,154 | -$985,890 | $9,299,086 | $3,408,334 | $5,890,752 |
| August 31, 2024 | 990-PF | $5,949,553 | $6,442,044 | -$492,491 | $10,895,717 | $4,019,075 | $6,876,642 |
| August 31, 2023 | 990-PF | $5,354,550 | $5,872,592 | -$518,042 | $12,170,713 | $4,837,015 | $7,333,698 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $60,675
- Interest
- $85,431
- Other income
- $5,884,158
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $444,893
- Salaries, compensation and benefits (total)
- $1,717,629
- Disbursements for charitable purposes
- $753,898
- Excise tax on investment income
- $756
Balance sheet and other
- Total assets, start of year
- $10,895,717
- Total assets, end of year
- $9,299,086
- Total liabilities, end of year
- $3,408,334
- Net assets, end of year
- $5,890,752
- Fair market value of assets
- $7,384,792
- Qualifying distributions
- $788,490
- Net investment income
- $85,431
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joan Jane Marcet 165 W 57th Street, New York, NY 10019 | Trustee & Pres | 40 | $340,436 | $26,230 |
| Idunn Jonsdottir 165 West 57th Street, New York, NY 10019 | Exec Educ Director Highest-paid employee | 40 | $299,976 | $18,555 |
| Juan Almandoz 165 West 57th Street, New York, NY 10019 | Academic Director Highest-paid employee | 40 | $282,594 | $20,526 |
| Luis Casas 165 West 57th Street, New York, NY 10019 | Program Director Highest-paid employee | 40 | $244,639 | $23,505 |
| Begona de Ros 165 West 57th Street, New York, NY 10019 | Exec Dir Devlpmnt Highest-paid employee | 40 | $179,880 | – |
| Jacob Covey 165 West 57th Street, New York, NY 10019 | Assoc. Dir MBA Adm Highest-paid employee | 40 | $149,027 | $21,853 |
| Paul Gallagher 165 West 57th Street, New York, NY 10019 | Treasurer | 40 | $104,456 | $16,719 |
| Jaume Vidal Av Pearson 21, Barcelona, 08034, SP | Trustee | 2 | $0 | – |
| Marta Elvira Av Pearson 21, Barcelona, 08034, SP | Trustee | 1 | $0 | – |
| Francis Hager 165 West 57th Street, New York, NY 10019 | Trustee & VP | 1 | $0 | – |
| Pedro Jose Izquierdo 165 West 57th Street, New York, NY 10019 | Trustee & Secr | 1 | $0 | – |
| Matthew Maloney 165 West 57th Street, New York, NY 10019 | Trustee | 1 | $0 | – |
| Agnieszka Zmigrodzka 165 West 57th Street, New York, NY 10019 | Trustee | 1 | $0 | – |
990-PF for the year ended August 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Idunn Jonsdottir 165 West 57th Street, New York, NY 10019 | Exec Educ Director Highest-paid employee | 40 | $325,175 | $19,037 |
| John Almandoz 165 West 57th Street, New York, NY 10019 | Trustee | 40 | $273,303 | $19,565 |
| Luis Casas 165 West 57th Street, New York, NY 10019 | Program Director Highest-paid employee | 40 | $233,760 | $31,008 |
| Clifford Meyer 165 West 57th Street, New York, NY 10019 | Program Director Highest-paid employee | 40 | $227,710 | $22,769 |
| Begona de Ros Raventos 165 West 57th Street, New York, NY 10019 | Exec Dir Devlpmnt Highest-paid employee | 40 | $183,200 | – |
| Deborah McCandless 165 West 57th Street, New York, NY 10019 | Assoc. Dir, ExecEd Highest-paid employee | 40 | $126,419 | $16,600 |
| Paul Gallagher 165 West 57th Street, New York, NY 10019 | Treasurer | 40 | $101,417 | $15,836 |
| Eric Weber 165 West 57th Street, New York, NY 10019 | Trustee & Pres | 3 | $0 | – |
| Federico Riera Marsa 165 West 57th Street, New York, NY 10019 | Trustee | 4 | $0 | – |
| John Coverdale 165 West 57th Street, New York, NY 10019 | Trustee & Secy | 1 | $0 | – |
| Jaume Vidal Av Pearson 21, Barcelona, Barcelona 08034, SP | Trustee | 2 | $0 | – |
| Marta Elvira Av Pearson 21, Barcelona, Barcelona 08034, SP | Trustee | 1 | $0 | – |
| Joan Jane 165 W 57th Street, New York, NY 10019 | Trustee & VP | 1 | $0 | – |
990-PF for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Idunn Jonsdottir 165 West 57th Street, New York, NY 10019 | Exec Educ Director Highest-paid employee | 40 | $272,549 | $24,287 |
| John Almandoz 165 West 57th Street, New York, NY 10019 | Trustee | 40 | $248,254 | $18,423 |
| Luis Casas 165 West 57th Street, New York, NY 10019 | Program Director Highest-paid employee | 40 | $227,582 | $29,047 |
| Clifford Meyer 165 West 57th Street, New York, NY 10019 | Program Director Highest-paid employee | 40 | $213,679 | $21,351 |
| Begona de Ros Raventos 165 West 57th Street, New York, NY 10019 | Exec Dir Devlpmnt Highest-paid employee | 40 | $143,796 | – |
| Waldemar Kwasnik 165 West 57th Street, New York, NY 10019 | Building manager Highest-paid employee | 40 | $123,400 | $2,478 |
| Paul Gallagher 165 West 57th Street, New York, NY 10019 | Treasurer | 40 | $98,155 | $14,788 |
| Eric Weber 165 West 57th Street, New York, NY 10019 | Trustee & Pres | 3 | $0 | – |
| Fernando Penalva Av Pearson 21, Barcelona, Barcelona 08034, SP | Trustee | 1 | $0 | – |
| Federico Riera Marsa 165 West 57th Street, New York, NY 10019 | Trustee & VP | 4 | $0 | – |
| John Coverdale 165 West 57th Street, New York, NY 10019 | Trustee & Secy | 1 | $0 | – |
| Jaume Vidal Av Pearson 21, Barcelona, Barcelona 08034, SP | Trustee | 2 | $0 | – |
| Marta Elvira Av Pearson 21, Barcelona, Barcelona 08034, SP | Trustee | 1 | $0 | – |
Address and contacts
- Address (IRS master file)
- 165 W 57TH ST, NEW YORK, NY 10019-2201
- Signed the 990-PF
- Paul Gallagher, Treasurer
- Phone
- (646) 346-8850
- Website
- www.iese.edu/usa
- Return prepared by
- Sosin & Kriegel LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 26-1565422
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2008
- Accounting year ends
- August
- Files
- Form 990-PF
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $9,299,086
- Income (IRS master file)
- $6,030,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $6,030,264 | $7,016,154 | $9,299,086 | XML |
| 990-PF | August 2024 | $5,949,553 | $6,442,044 | $10,895,717 | XML |
| 990-PF | August 2023 | $5,354,550 | $5,872,592 | $12,170,713 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
| 990-PF | August 2019 | – | – | – | IRS |
| 990-PF | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1565422).
Questions about IESE USA INC
- What is the EIN of IESE USA INC?
- The employer identification number (EIN) of IESE USA INC is 26-1565422.
- Is IESE USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to IESE USA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does IESE USA INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IESE USA INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IESE USA INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of IESE USA INC?
- The 990-PF for the year ended August 31, 2025 lists 13 people; 7 received compensation from the organization, the highest $340,436 (Joan Jane Marcet, Trustee & Pres).
- How much revenue does IESE USA INC have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $6,030,264, expenses of $7,016,154 and total assets of $9,299,086 at year end.
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