Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $139,133,907

• 1f · All other contributions, gifts and grants

  $6,706,739

• 1g · Noncash contributions included above

  $5,134

• 3 · Investment income

  total $126,911 · excluded $126,911

• 7a · Gross sales of assets other than inventory

  securities $3,027,588

• 7b · Less cost or other basis and sales expenses

  securities $2,788,654

• 7c · Gain or loss

  securities $238,934

• 7d · Net gain or loss

  total $238,934 · excluded $238,934

• 11d · All other revenue

  total $331,467 · excluded $331,467

• 11e · Other revenue, total

  $331,467

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,291 · program services $1,291

• 2 · Grants to domestic individuals

  total $836,189 · program services $836,189

• 3 · Grants to foreign organizations and individuals

  total $37,463,632 · program services $37,463,632

• 5 · Compensation of officers, directors and key employees

  total $2,806,141 · program services $930,177 · management and general $1,875,964

• 7 · Other salaries and wages

  total $34,315,633 · program services $24,460,928 · management and general $9,854,705

• 8 · Pension plan contributions

  total $1,471,537 · program services $919,062 · management and general $552,475

• 9 · Other employee benefits

  total $8,155,017 · program services $5,567,401 · management and general $2,587,616

• 10 · Payroll taxes

  total $2,062,359 · program services $1,238,345 · management and general $824,014

• 11b · Fees: legal

  total $279,530 · program services $88,863 · management and general $190,667

• 11c · Fees: accounting

  total $189,918 · program services $42,780 · management and general $147,138

• 11f · Fees: investment management

  total $21,741 · management and general $21,741

• 11g · Fees: other

  total $15,492,909 · program services $11,552,306 · management and general $3,925,294 · fundraising $15,309

• 12 · Advertising and promotion

  total $204,369 · program services $146,926 · management and general $57,443

• 13 · Office expenses

  total $1,803,698 · program services $1,393,628 · management and general $410,070

• 16 · Occupancy

  total $2,535,098 · program services $1,804,439 · management and general $730,659

• 17 · Travel

  total $5,364,846 · program services $4,882,983 · management and general $481,863

• 19 · Conferences, conventions and meetings

  total $6,466,601 · program services $6,357,216 · management and general $109,385

• 22 · Depreciation, depletion and amortization

  total $425,755 · program services $138,012 · management and general $287,743

• 23 · Insurance

  total $260,626 · program services $38,664 · management and general $221,962

• 24a · Other expenses: PARTICIPANT TRAVEL, TAX

  total $12,298,032 · program services $12,298,032

• 24b · Other expenses: SUBCONTRACTS & TRANSFER

  total $11,101,808 · program services $11,101,808

• 24c · Other expenses: PROPERTY & EQUIPMENT

  total $1,221,031 · program services $1,087,045 · management and general $133,986

• 24d · Other expenses: APPLICATION & ALUMNI PR

  total $1,119,615 · program services $1,119,615

• 24e · All other expenses

  total $618,038 · program services $258,887 · management and general $359,151

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,459,434 · end of year $6,206,479

• 2 · Savings and temporary cash investments

  beginning of year $250,876 · end of year $252,747

• 3 · Pledges and grants receivable

  beginning of year $3,704,321 · end of year $7,664,095

• 4 · Accounts receivable

  beginning of year -$135,817 · end of year -$141,269

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,276,357 · end of year $5,068,639

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

  $6,316,527

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

  $5,504,484

• 10c · Land, buildings and equipment, net

  beginning of year $1,151,026 · end of year $812,043

• 11 · Investments: publicly traded securities

  beginning of year $11,775,185 · end of year $13,003,539

• 15 · Other assets

  beginning of year $0 · end of year $5,318,915

• 17 · Accounts payable and accrued expenses

  beginning of year $11,337,861 · end of year $14,054,878

• 19 · Deferred revenue

  beginning of year $5,591,518 · end of year $4,437,186

• 25 · Other liabilities

  beginning of year $1,592,879 · end of year $6,757,410

• 27 · Net assets without donor restrictions

  beginning of year $9,639,734 · end of year $10,578,256

• 28 · Net assets with donor restrictions

  beginning of year $2,319,390 · end of year $2,357,458

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCES ARE PROVIDED TO EXPATRIATE EMPLOYEES LOCATED IN IREX OVERSEAS FIELD OFFICE PROGRAMS. THE PROVISION OF THE HOUSING ALLOWANCE IS CONSISTENT WITH OR LOWER THAN WHAT IS COMMONLY PROVIDED BY THE US GOVERNMENT AND OTHER INTERNATIONAL DEVELOPMENT AGENCIES WHEN PLACING EMPLOYEES IN OVERSEAS LOCATIONS. HOUSING ALLOWANCES ARE DETERMINED ON A CASE BY CASE BASIS. FACTORS CONSIDERED INCLUDE THE COST OF HOUSING IN THE SPECIFIC COUNTRY, US GOVERNMENT HOUSING ALLOWANCE, AND NEGOTIATIONS WITH THE EXPATRIATE EMPLOYEE TO BE ASSIGNED TO THE LOCATION. EMPLOYEES SERVING AT OVERSEAS LOCATIONS INCLUDED AMONG THE HIGHEST COMPENSATED EMPLOYEES LISTED ON THE COMPENSATION SCHEDULE RECEIVED HOUSING ALLOWANCE BENEFITS WHICH WERE INCLUDED IN THEIR REPORTED COMPENSATION. NO HOUSING ALLOWANCE BENEFITS ARE PROVIDED TO DIRECTORS, OFFICERS, OR KEY EMPLOYEES.

PART I, LINE 3

COMPENSATION FOR IREX'S PRESIDENT & CEO IS SET AND APPROVED BY THE BOARD WHILE COMPENSATION FOR THE EXECUTIVE TEAM IS SET AND APPROVED BY THE PRESIDENT & CEO. EXECUTIVE SALARY STUDIES ARE UNDERTAKEN BY THE ORGANIZATION PERIODICALLY TO ASSIST IN DETERMINING COMPENSATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• INTERNATIONAL RESEARCH & EXCHANGES BOARD (GUARANTEED) LIMITED

  SOCIAL WELFARE · CE · income $1,879,216 · assets $19,178

  Directly controlled by IREX