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Nonprofiteer
← IB FUND US INC

Form 990 for tax year 2022

Filed by IB FUND US INC.

Totals

Total revenue
$5,800
Total expenses
$7,856
Contributions and grants received
$5,800
Grants paid
$2,856
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$223,956
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$223,956
Program services expenses (Part IX)
$2,856
Management and general expenses
$5,000
Fundraising expenses
$0
Program service expenses (Part III)
$2,856

Program services were 36.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $5,000

  • 1f · All other contributions, gifts and grants

    $800

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,856 · program services $2,856

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,395 · end of year $223,956

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $268 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $86,134 · end of year $91,819

  • 28 · Net assets with donor restrictions

    beginning of year $134,993 · end of year $132,137

Mission and programs · 2022

Mission

THE MOST SIGNIFICANT ACTIVITIES OF THE IB FUND US, INC. ARE TO SECURE FUNDS AND SUPPORT EDUCATIONAL ACTIVITIES OF THE INTERNATIONAL BACCALAUREATE (IB) ORGANIZATION AND PROMOTE EFFORTS TO PROVIDE GREATER ACCESS TO IB EDUCATION WORLDWIDE.

Activities or mission (Part I)

THE MOST SIGNIFICANT ACTIVITIES OF THE IB FUND US, INC. ARE TO SECURE FUNDS AND SUPPORT EDUCATIONAL ACTIVITIES OF THE INTERNATIONAL BACCALAUREATE (IB) ORGANIZATION.

  • THE ARGENTINE STUDENT FUND PROVIDES SCHOLARSHIPS FOR STUDENTS TOWARDS THE COST OF THEIR EXAM FEES. SCHOLARSHIP PAYMENTS ARE MADE TO THE SCHOOL OF THE STUDENT IN THE FORM OF A CREDIT ON THEIR SCHOOL ACCOUNT.

    Expenses $2,856 · Grants $2,856

As filed on the 2022 return.

Listed in Part VII

  • Thaimur Changezi

    PRINCIPAL OFFICER/BOARD MEMBER (END 12/22)

    Total calculated
    $540,044
    From this org
    $0
    From related orgs
    $520,947
    Other
    $19,097
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,472 related
    Bonus
    $0 + $111,466 related
    Other
    $0 + $120,009 related
    Deferred
    $0 + $15,205 related
    Nontaxable benefits
    $0 + $3,892 related
    Filer's total
    $0 + $540,044 related

  • Matt Costello

    BOARD MEMBER

    Total calculated
    $396,821
    From this org
    $0
    From related orgs
    $372,421
    Other
    $24,400
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,970 related
    Bonus
    $0 + $34,437 related
    Other
    $0 + $5,014 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $396,821 related

  • Nicole Bien

    BOARD MEMBER

    Total calculated
    $325,487
    From this org
    $0
    From related orgs
    $303,690
    Other
    $21,797
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,581 related
    Bonus
    $0 + $31,233 related
    Other
    $0 + $4,876 related
    Deferred
    $0 + $21,797 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $325,487 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
THAIMUR CHANGEZI RECEIVED $114,092 IN SEVERANCE PAYMENTS DURING THE YEAR.
Schedule J, Part I, Line 3 PROCESS ESTABLISHED TO DETERMINE PRINCIPAL OFFICER'S COMPENSATION
THE GOVERNANCE AND ORGANIZATION COMMITTEE OF THE RELATED ORGANIZAITON, INTERNATIONAL BACCALAUREATE ORGANIZATION, USES BENCHMARKING DATA, REVIEWS INFORMATION FROM INDEPENDENT CONSULTANTS AND CONSULTS WITH AN EXTERNAL EXPERT WHO SITS ON THE GOVERNANCE AND ORGANIZATION COMMITTEE. THEN, THE DIRECTOR GENERAL, WITH DELEGATED AUTHORITY BY AND IN COLLABORATION WITH THE GOVERNANCE AND ORGANIZATION COMMITTEE, DECIDES THE SALARIES OF THE TOP MANAGEMENT OFFICIAL. THESE DECISIONS ARE ALSO DOCUMENTED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INTERNATIONAL BACCALAUREATE ORGANIZATION

    501(c)(3) · EDUCATION · SZ

    Directly controlled by NA

  • INTERNATIONAL BACCALAUREATE ORG (UK) LTD

    SUPPORT IBO · UK

    Directly controlled by IBO

  • INTERNATIONAL BACCALAUREATE FUND UK

    SUPPORT IBO · UK

    Directly controlled by IBO

  • INTERNATIONAL BACCALAUREATE FUND CANADA

    SUPPORT IBO · CA

    Directly controlled by IBO

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349308685

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