Form 990 for tax year 2024
Filed by INTERNATIONAL AMERICAN EDUCATION FEDERATION INC.
Totals
- Total revenue
- $342,488,403
- Total expenses
- $369,794,107
- Contributions and grants received
- $331,629,145
- Grants paid
- $0
- Program service revenue
- $7,986,364
- Investment income
- $2,714,188
- Other revenue
- $158,706
- Total assets, end of year
- $972,896,956
- Total liabilities, end of year
- $926,552,708
- Net assets or fund balances, end of year
- $46,344,248
- Program services expenses (Part IX)
- $323,127,548
- Management and general expenses
- $46,047,151
- Fundraising expenses
- $619,408
- Program service expenses (Part III)
- $323,127,548
Program services were 87.4% 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.
-
1e · Government grants (contributions)
$330,448,031
-
1f · All other contributions, gifts and grants
$1,181,114
-
1g · Noncash contributions included above
$103,761
-
2a · Program service revenue: FOOD SERVICE REVENUE
total $1,506,869 · related or exempt $1,506,869
-
2b · Program service revenue: OTHER PROGRAM SERVICE
total $5,181,995 · related or exempt $5,181,995
-
2c · Program service revenue: REVENUE FROM MEMBER DISTR
total $1,297,500 · related or exempt $1,297,500
-
3 · Investment income
total $2,714,188 · excluded $2,714,188
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $158,706
-
6c · Rental income or loss
real property $158,706
-
6d · Net rental income or loss
total $158,706 · related or exempt $158,706
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $843,367 · management and general $843,367
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $180,633,722 · program services $153,832,464 · management and general $26,801,258
-
8 · Pension plan contributions
total $10,471,361 · program services $9,074,044 · management and general $1,397,317
-
9 · Other employee benefits
total $15,047,677 · program services $13,218,240 · management and general $1,829,437
-
10 · Payroll taxes
total $2,485,842 · program services $2,101,479 · management and general $384,363
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,032,560 · management and general $2,032,560
-
11c · Fees: accounting
total $20,000 · management and general $20,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $44,107,137 · program services $42,068,624 · management and general $1,452,677 · fundraising $585,836
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $11,059,730 · program services $10,926,497 · management and general $133,233
-
17 · Travel
total $3,835,147 · program services $3,468,149 · management and general $366,915 · fundraising $83
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $46,539,358 · program services $40,592,921 · management and general $5,946,437
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $31,689,964 · program services $29,777,531 · management and general $1,912,433
-
23 · Insurance
total $3,731,784 · program services $3,663,739 · management and general $68,045
-
24a · Other expenses: SUPPLIES
total $15,095,770 · program services $12,777,453 · management and general $2,284,828 · fundraising $33,489
-
24b · Other expenses: MISCELLANEOUS
total $2,156,514 · program services $1,582,233 · management and general $574,281
-
24c · Other expenses: FOOD
total $44,174 · program services $44,174
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,606,087 · end of year $66,496,052
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $51,368,374 · end of year $53,072,942
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $562,591 · end of year $788,554
-
10a · Land, buildings and equipment: cost or other basis
$837,630,627
-
10b · Land, buildings and equipment: accumulated depreciation
$127,587,209
-
10c · Land, buildings and equipment, net
beginning of year $523,295,885 · end of year $710,043,418
-
11 · Investments: publicly traded securities
end of year $47,292,192
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $201,780,061 · end of year $95,203,798
-
17 · Accounts payable and accrued expenses
beginning of year $41,039,540 · end of year $51,525,674
-
19 · Deferred revenue
beginning of year $1,889,934 · end of year $1,889,934
-
23 · Secured mortgages and notes payable
beginning of year $822,421,987 · end of year $870,198,427
-
25 · Other liabilities
beginning of year $4,669,644 · end of year $2,938,673
-
27 · Net assets without donor restrictions
beginning of year $27,249,301 · end of year $38,347,732
-
28 · Net assets with donor restrictions
beginning of year $47,342,592 · end of year $7,996,516
Mission and programs · 2024
Mission
The mission of ILTexas is to prepare students for exceptional leadership roles in the international community by emphasizing servant leadership, mastering the English, Spanish, and Chinese languages, and strengthening the mind, body, and character.
-
Education Provide instruction for grades K-12. International Leadership of Texas offers an immersive tri-lingual program teaching English, Spanish, and Mandarin Chinese. We teach a character-based curriculum focused on body, mind, and character. (Others-Before-Self and Leadership.)
Expenses $323,127,548 · Revenue $7,986,364
As filed on the 2024 return.
Listed in Part VII
-
Edward CongerEDWARD CONGER
CE0/SUPER.
- Total calculated
- $330,791
- From this org
- $325,500
- From related orgs
- $0
- Other
- $5,291
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $290,000
- Bonus
- $35,500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $5,291
- Filer's total
- $330,791
-
Michael White-Thru 1224MICHAEL WHITE-THRU 1224
CFO
- Total calculated
- $257,182
- From this org
- $200,500
- From related orgs
- $0
- Other
- $56,682
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $56,682
- Filer's total
- $257,182
-
Laura Carrasco-NavarreteLAURA CARRASCO-NAVARRETE
DEP. SUPER.
- Total calculated
- $210,288
- From this org
- $205,500
- From related orgs
- $0
- Other
- $4,788
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,000
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $4,788
- Filer's total
- $210,288
-
Thomas SeaberryTHOMAS SEABERRY
DEPUTY SUPER.
- Total calculated
- $206,134
- From this org
- $200,500
- From related orgs
- $0
- Other
- $5,634
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $5,634
- Filer's total
- $206,134
-
James BrightmanJAMES BRIGHTMAN
CHIEF LEGAL OFF
- Total calculated
- $182,538
- From this org
- $176,760
- From related orgs
- $0
- Other
- $5,778
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,260
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $5,778
- Filer's total
- $182,538
-
Jerry McCreightJERRY MCCREIGHT
CHIEF ADMIN OFF
- Total calculated
- $176,453
- From this org
- $170,675
- From related orgs
- $0
- Other
- $5,778
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $170,175
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $5,778
- Filer's total
- $176,453
-
Craig TimerlakeCRAIG TIMERLAKE
STUDENT LEADERSHIP
- Total calculated
- $175,412
- From this org
- $169,634
- From related orgs
- $0
- Other
- $5,778
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- $169,134
- Other
- $500
- Deferred
- not reported
- Nontaxable benefits
- $5,778
- Filer's total
- $175,412
-
Heather McMahanHEATHER MCMAHAN
AREA SUPER.
- Total calculated
- $175,016
- From this org
- $172,982
- From related orgs
- $0
- Other
- $2,034
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,482
- Bonus
- $500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $2,034
- Filer's total
- $175,016
-
Lisa Pepi-Thru 825LISA PEPI-THRU 825
CFO
- Total calculated
- $169,927
- From this org
- $165,288
- From related orgs
- $0
- Other
- $4,639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,288
- Bonus
- $46,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $4,639
- Filer's total
- $169,927
-
Tracy CoxTRACY COX
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dr Lynn BeachDR LYNN BEACH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lt Gen Brian BeaudreaultLT GEN BRIAN BEAUDREAULT
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Peter A GudmundssonPETER A GUDMUNDSSON
President
- Total calculated
- $0
- Hours/week
- 1
-
Bgen Marcela MonahanBGEN MARCELA MONAHAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew CarrANDREW CARR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Latonjia Williams-From 925LATONJIA WILLIAMS-FROM 925
CFO
- Total calculated
- $0
- Hours/week
- 40
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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 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
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.
-
INTERNTL LEADERSHIP OF TEXAS - GLOBAL
501(C)(3) · OPERATION OF PRIVATE SCHOOL · TX · controlled entity
Directly controlled by INTERNATIONAL LEADERSHIP OF TEXAS INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202630549349301118
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