Nonprofit · EIN 62-1355896
INSTITUTE FOR STUDY ABROAD INC
Tax-exempt · INDIANAPOLIS, IN 46278
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $48,945,994 | $45,749,238 | $3,196,756 | $25,434,883 | $8,156,959 | $17,277,924 |
| June 30, 2024 | 990 | $47,412,692 | $44,509,426 | $2,903,266 | $21,535,622 | $8,255,624 | $13,279,998 |
| June 30, 2023 | 990 | $33,776,906 | $31,911,256 | $1,865,650 | $20,227,790 | $10,660,155 | $9,567,635 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $48,139,948
- Investment income
- $610,912
- Net rental income
- $169,255
- Other revenue
- $195,134
Expenses
- Grants and similar amounts paid
- $1,304,942
- Compensation of officers, directors and key employees
- $2,148,613
- Other salaries and wages
- $5,659,588
- Salaries, compensation and benefits (total)
- $9,022,430
- Professional fundraising fees
- $0
- Legal fees
- $152,611
- Accounting fees
- $241,918
- Occupancy
- $858,091
- Travel
- $631,986
- Depreciation
- $83,696
- Program services (functional)
- $37,621,633
- Management and general (functional)
- $8,127,605
Balance sheet and other
- Total assets, start of year
- $21,535,622
- Total assets, end of year
- $25,434,883
- Total liabilities, end of year
- $8,156,959
- Net assets, end of year
- $17,277,924
- Land, buildings and equipment
- $2,237,802
- Publicly traded securities
- $10,418,048
- Net assets without donor restrictions
- $17,277,924
- Gross unrelated business income
- $90,295
- Gross receipts
- $49,030,347
- Employees
- 83
- Volunteers
- 14
- Year formed
- 1988
- State of legal domicile
- IN
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER BARCLAY HAMIR | PRESIDENT AND CEO Officer | 40 | $385,267 | $56,864 |
| ERIC HARTON | VICE PRESIDENT AND CFO Officer | 40 | $228,958 | $23,803 |
| BRENDA MAJESKI | VP FOR ENGAGEMENT AND MARKETING Key employee | 40 | $199,990 | $46,905 |
| CHRISTOPHER KUPIAINEN | DIRECTOR OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $142,137 | $43,778 |
| JESSICA AUXIER | ASSOCIATE VP, HUMAN RESOURCES Highest-paid employee | 40 | $129,904 | $33,230 |
| MICHELE COOK | SENIOR DIRECTOR OF FINANCE Highest-paid employee | 40 | $121,848 | $32,802 |
| JOHN KUSOVSKI | ASSOCIATE VP, WEB AND DIGITAL MARKETING Highest-paid employee | 40 | $131,968 | $18,615 |
| WAYNE JAMES | ASSOCIATE VP, PARTNER ENGAGEMENT Highest-paid employee | 40 | $136,100 | $11,703 |
| MARSHA VOLK BUGALLA | CHAIRMAN AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| AMIR REZA | SECRETARY AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| AARON BRUCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALMA CLAYTON-PEDERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROL LEBOLD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID HILBORN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY BUTKUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY HUDSON | DIRECTOR Trustee or director | 2 | $0 |
| KRISTOPHER LICHTER | DIRECTOR Trustee or director | 2 | $0 |
| LEVESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| MARISOL SANCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL GOODMAN | DIRECTOR Trustee or director | 2 | $0 |
| PATRICIA PRYOR | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT WILSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER BARCLAY HAMIR | PRESIDENT AND CEO Officer | 40 | $380,283 | $41,850 |
| ERIC HARTON | VICE PRESIDENT AND CFO Officer | 40 | $215,763 | $20,077 |
| BRENDA MAJESKI | VP FOR ENGAGEMENT AND MARKETING Key employee | 40 | $187,284 | $31,519 |
| CHRISTOPHER KUPIAINEN | DIRECTOR OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $134,612 | $28,580 |
| WAYNE JAMES | ASSOCIATE VP, PARTNER ENGAGEMENT Highest-paid employee | 40 | $128,828 | $8,649 |
| JOHN KUSOVSKI | ASSOCIATE VP, WEB AND DIGITAL MARKETING Highest-paid employee | 40 | $126,579 | $8,605 |
| MICHELE COOK | SENIOR DIRECTOR OF FINANCE Highest-paid employee | 40 | $118,618 | $5,931 |
| JESSICA AUXIER | ASSOCIATE VP, HUMAN RESOURCES Highest-paid employee | 40 | $105,235 | $18,058 |
| MARSHA VOLK BUGALLA | CHAIRMAN AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| AMIR REZA | SECRETARY AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| AARON BRUCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALMA CLAYTON-PEDERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROL LEBOLD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID HILBORN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY BUTKUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOLLY HUDSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTOPHER LICHTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LEVESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARISOL SANCHEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL GOODMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA PRYOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER BARCLAY HAMIR | PRESIDENT AND CEO Officer | 40 | $343,996 | $36,826 |
| BRENDA MAJESKI | VP OF MARKETING Key employee | 40 | $193,987 | $20,975 |
| ERIC HARTON | CFO Officer | 40 | $190,356 | $17,577 |
| CHRISTOPHER KUPIAINEN | DIRECTOR OF INFORMATION TE Highest-paid employee | 40 | $128,757 | $27,413 |
| MICHELE DECKER-NEWMAN | DIRECTOR OF FINANCE Highest-paid employee | 40 | $106,716 | $18,984 |
| DAVID GRAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAN KIELING | SECRETARY AND DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRIS LICHTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARSHA BUGALLA | CHAIRMAN AND DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARISOL SANCHEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID HILBORN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALMA CLAYTON-PEDERSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LEVESTER JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMIR REZA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROL LEBOLD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL GOODMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AARON BRUCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA PRYOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY BUTKUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT WILSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6201 CORPORATE DR STE 200, INDIANAPOLIS, IN 46278-2944
- Principal officer (990 for 2024)
- ERIC J HARTON, 6201 CORPORATE DRIVE SUITE 200, INDIANAPOLIS, IN 46278
- Signed the 990
- ERIC J HARTON, CFO
- Phone
- (317) 940-4239
- Website
- WWW.IFSA-BUTLER.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
IFSA PROVIDES CULTURALLY RICH STUDY ABROAD PROGRAMS DESIGNED TO HELP STUDENTS FOSTER CRITICAL PERSPECTIVES, KNOWLEDGE, AND SKILLS.
Program accomplishments
- WE PROVIDE STUDY ABROAD PROGRAMS TO STUDENTS IN VARIOUS COUNTRIES AROUND THE WORLD. WE ALSO PROVIDE TRANSPORTATION, HOUSING, SOME MEALS, ORIENTATION, CLASSES AT UNIVERSITIES AND TRIPS.Expenses $37,621,633 · grants $1,304,942 · revenue $48,139,948
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1355896
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q220)
- Assets (IRS master file)
- $25,434,883
- Income (IRS master file)
- $49,030,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $48,945,994 | $45,749,238 | $25,434,883 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $47,412,692 | $44,509,426 | $21,535,622 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $33,776,906 | $31,911,256 | $20,227,790 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $21,026,322 | $22,896,695 | $13,951,324 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 62-1355896).
Questions about INSTITUTE FOR STUDY ABROAD INC
- What is the EIN of INSTITUTE FOR STUDY ABROAD INC?
- The employer identification number (EIN) of INSTITUTE FOR STUDY ABROAD INC is 62-1355896.
- Is INSTITUTE FOR STUDY ABROAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to INSTITUTE FOR STUDY ABROAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR STUDY ABROAD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR STUDY ABROAD INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR STUDY ABROAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSTITUTE FOR STUDY ABROAD INC?
- The 990 for the year ended June 30, 2025 names ERIC J HARTON.
- Who are the officers and directors of INSTITUTE FOR STUDY ABROAD INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 8 received compensation from the organization, the highest $385,267 (HEATHER BARCLAY HAMIR, PRESIDENT AND CEO).
- How much revenue does INSTITUTE FOR STUDY ABROAD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $48,945,994, expenses of $45,749,238 and total assets of $25,434,883 at year end.
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