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← IMPROVING ECONOMIES FOR STRONGER COMMUNITIES

Form 990 for tax year 2024

Filed by IMPROVING ECONOMIES FOR STRONGER COMMUNITIES.

Totals

Total revenue
$32,318,340
Total expenses
$31,867,803
Contributions and grants received
$32,318,340
Grants paid
$10,175,160
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$32,425,820
Total liabilities, end of year
$28,963,001
Net assets or fund balances, end of year
$3,462,819
Program services expenses (Part IX)
$25,553,145
Management and general expenses
$4,478,451
Fundraising expenses
$1,836,207
Program service expenses (Part III)
$25,553,145

Program services were 80.2% 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)

    $30,137,765

  • 1f · All other contributions, gifts and grants

    $2,180,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $884,988 · program services $884,988

  • 3 · Grants to foreign organizations and individuals

    total $9,290,172 · program services $9,290,172

  • 5 · Compensation of officers, directors and key employees

    total $2,127,831 · program services $326,051 · management and general $1,365,457 · fundraising $436,323

  • 7 · Other salaries and wages

    total $9,634,860 · program services $7,435,779 · management and general $1,564,336 · fundraising $634,745

  • 8 · Pension plan contributions

    total $424,196 · program services $202,803 · management and general $160,069 · fundraising $61,324

  • 9 · Other employee benefits

    total $1,232,126 · program services $1,032,105 · management and general $144,672 · fundraising $55,349

  • 10 · Payroll taxes

    total $423,953 · program services $173,136 · management and general $183,665 · fundraising $67,152

  • 11b · Fees: legal

    total $123,619 · program services $64,459 · management and general $59,160

  • 11c · Fees: accounting

    total $66,900 · program services $9,900 · management and general $57,000

  • 11g · Fees: other

    total $2,353,301 · program services $1,695,374 · management and general $257,032 · fundraising $400,895

  • 13 · Office expenses

    total $338,454 · program services $273,194 · management and general $65,260

  • 14 · Information technology

    total $261,092 · program services $141,779 · management and general $119,313

  • 16 · Occupancy

    total $1,023,820 · program services $585,008 · management and general $320,927 · fundraising $117,885

  • 17 · Travel

    total $1,558,967 · program services $1,504,735 · management and general $26,840 · fundraising $27,392

  • 19 · Conferences, conventions and meetings

    total $535,880 · program services $517,519 · management and general $18,361

  • 22 · Depreciation, depletion and amortization

    total $29,414 · program services $52,108 · management and general -$22,694

  • 23 · Insurance

    total $17,679 · program services $17,679

  • 24a · Other expenses: TRAINING & EDUCATION

    total $474,589 · program services $440,296 · management and general $34,293

  • 24b · Other expenses: TAXES

    total $78,555 · program services $78,555

  • 24c · Other expenses: COMMUNICATION

    total $72,709 · program services $71,012 · fundraising $1,697

  • 24e · All other expenses

    total $914,698 · program services $756,493 · management and general $124,760 · fundraising $33,445

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,012,268 · end of year $24,259,083

  • 2 · Savings and temporary cash investments

    beginning of year $8,321,227 · end of year $3,275,979

  • 3 · Pledges and grants receivable

    beginning of year $4,132,608 · end of year $3,399,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,032 · end of year $96,026

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

    $770,183

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

    $688,689

  • 10c · Land, buildings and equipment, net

    beginning of year $16,906 · end of year $81,494

  • 15 · Other assets

    beginning of year $2,045,029 · end of year $1,313,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,231,082 · end of year $1,374,814

  • 24 · Unsecured notes and loans payable

    beginning of year $227,852 · end of year $56,963

  • 25 · Other liabilities

    beginning of year $29,188,688 · end of year $27,531,224

  • 27 · Net assets without donor restrictions

    beginning of year $2,906,448 · end of year $3,462,819

Mission and programs · 2024

Mission

IESC HELPS PEOPLE IMPROVE THEIR LIVES BY CATALYZING PRIVATE SECTOR GROWTH AND EMPLOYMENT IN ECONOMICALLY DEVELOPING COUNTRIES.

Activities or mission (Part I)

IESC IS A LEADING U.S. NONPROFIT ORGANIZATION THAT FOSTERS PRIVATE SECTOR DEVELOPMENT IN THE ECONOMICALLY DEVELOPING WORLD. SINCE 1964, WE HAVE DELIVERED LASTING SOLUTIONS THAT HAVE RESULTED IN MORE THAN 1.5 MILLION JOBS IN 137 COUNTRIES.

  • TRADE AND ENTERPRISE: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE TRADE AND ENTERPRISE PRACTICE AREA WORKS WITH ENTERPRISES ACROSS ECONOMIC SECTORS TO LAUNCH, INNOVATE, AND GROW. IT ALSO WORKS TO ADVANCE TRADE FACILITATION EFFICIENCY, COORDINATION, AND TRANSPARENCY.

    Expenses $8,794,260 · Grants $2,774,759

  • AGRICULTURE-LED GROWTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE AGRICULTURE-LED GROWTH PRACTICE AREA WORKS TO FOSTER AGRICULTURAL DEVELOPMENT IN THE ECONOMICALLY DEVELOPING WORLD BY FACILITATING TECHNICAL ASSISTANCE, MUTUALLY BENEFICIAL LINKAGES, AND ACCESS TO INFORMATION, TECHNOLOGIES, AND MARKETS.

    Expenses $5,635,717 · Grants $716,840

  • WORKFORCE, ENTREPRENEURSHIP, AND YOUTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE WORKFORCE, ENTREPRENEURSHIP, AND YOUTH PRACTICE AREA WORKS TO EQUIP JOBSEEKERS WITH MODERN SKILLS AND HELP THEM SECURE IN-DEMAND JOBS, PROMOTE ENTREPRENEURSHIP, AND EMPOWER YOUTH.

    Expenses $11,123,168 · Grants $6,683,561

As filed on the 2024 return.

Listed in Part VII

  • Wing Keith

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Jean Lange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Gurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Aldrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stuart Fleischmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gilbert Gitiche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morgan McGrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judit Deilinger

    VP BUSINESS DEVELOPMENT

    Total calculated
    $263,976
    From this org
    $213,843
    From related orgs
    $0
    Other
    $50,133
    Hours/week
    51.5

    Schedule J breakdown matched by us

    Base
    $208,834
    Bonus
    $0
    Other
    $5,009
    Deferred
    $14,945
    Nontaxable benefits
    $35,188
    Filer's total
    $263,976

  • David Hartingh

    CEO/PRESIDENT

    Total calculated
    $460,189
    From this org
    $405,273
    From related orgs
    $0
    Other
    $54,916
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $355,873
    Bonus
    $40,000
    Other
    $9,400
    Deferred
    $23,254
    Nontaxable benefits
    $31,662
    Filer's total
    $460,189

  • Daniel Nichols

    VP FINANCE AND ACCOUNTING

    Total calculated
    $253,597
    From this org
    $209,546
    From related orgs
    $0
    Other
    $44,051
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $207,512
    Bonus
    $0
    Other
    $2,034
    Deferred
    $14,831
    Nontaxable benefits
    $29,220
    Filer's total
    $253,597

  • Erin Spinnell

    VP OPERATIONS

    Total calculated
    $261,755
    From this org
    $206,900
    From related orgs
    $0
    Other
    $54,855
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $198,961
    Bonus
    $0
    Other
    $7,939
    Deferred
    $14,831
    Nontaxable benefits
    $40,024
    Filer's total
    $261,755

  • Chad Ford

    AVP TRADE AND ENTERPRISE

    Total calculated
    $213,822
    From this org
    $176,594
    From related orgs
    $0
    Other
    $37,228
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $173,711
    Bonus
    $0
    Other
    $2,883
    Deferred
    $12,213
    Nontaxable benefits
    $25,015
    Filer's total
    $213,822

  • Adam Keatts

    AVP AGRICULTURE LED GROWTH

    Total calculated
    $229,898
    From this org
    $185,604
    From related orgs
    $0
    Other
    $44,294
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $185,604
    Bonus
    $0
    Other
    $0
    Deferred
    $13,329
    Nontaxable benefits
    $30,965
    Filer's total
    $229,898

  • Pam Stevens

    AVP GLOBAL AWARDS

    Total calculated
    $247,019
    From this org
    $196,618
    From related orgs
    $0
    Other
    $50,401
    Hours/week
    48.75

    Schedule J breakdown matched by us

    Base
    $196,618
    Bonus
    $0
    Other
    $0
    Deferred
    $13,553
    Nontaxable benefits
    $36,848
    Filer's total
    $247,019

  • John Lindsay

    AVP WORKFORCE ENTERPRENUERSHIP AND YOUTH

    Total calculated
    $197,575
    From this org
    $155,279
    From related orgs
    $0
    Other
    $42,296
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $153,927
    Bonus
    $0
    Other
    $1,352
    Deferred
    $11,099
    Nontaxable benefits
    $31,197
    Filer's total
    $197,575

  • David Blood

    CHIEF OF PARTY

    Total calculated
    $286,296
    From this org
    $220,493
    From related orgs
    $0
    Other
    $65,803
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $195,211
    Bonus
    $0
    Other
    $25,282
    Deferred
    $15,241
    Nontaxable benefits
    $50,562
    Filer's total
    $286,296

  • Charles Conconi

    CHIEF OF PARTY

    Total calculated
    $178,069
    From this org
    $149,671
    From related orgs
    $0
    Other
    $28,398
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $106,376
    Bonus
    $0
    Other
    $43,295
    Deferred
    $8,913
    Nontaxable benefits
    $19,485
    Filer's total
    $178,069

  • Pradeep Liyanamana

    CHIEF OF PARTY

    Total calculated
    $301,226
    From this org
    $238,421
    From related orgs
    $0
    Other
    $62,805
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $202,313
    Bonus
    $0
    Other
    $36,108
    Deferred
    $16,155
    Nontaxable benefits
    $46,650
    Filer's total
    $301,226

  • Jacinta Santos

    DIRECTOR, FINANCE AND ACCOUNTING

    Total calculated
    $181,321
    From this org
    $151,980
    From related orgs
    $0
    Other
    $29,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,558
    Bonus
    $0
    Other
    $3,422
    Deferred
    $10,828
    Nontaxable benefits
    $18,513
    Filer's total
    $181,321

  • Brian Rudert

    CHIEF OF PARTY

    Total calculated
    $235,828
    From this org
    $219,575
    From related orgs
    $0
    Other
    $16,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,445
    Bonus
    $0
    Other
    $23,130
    Deferred
    $15,141
    Nontaxable benefits
    $1,112
    Filer's total
    $235,828

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

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS (IMMEDIATE FAMILY MEMBERS) WAS PROVIDED DURING EVACUATIONS FROM PROGRAM SITES AND RELATED TO MOBILIZATION OF NEW STAFF TO OVERSEAS OFFICE LOCATIONS, PER AGREEMENT TERMS AND APPLICABLE REGULATIONS. HOUSING ALLOWANCES WERE PROVIDED TO FOUR OVERSEAS STAFF PER APPLICABLE USG REGULATIONS.
PART I, LINE 7
IESC'S BOARD EXECUTIVE COMMITTEE DETERMINED TO AWARD IESC'S PRESIDENT AND CEO A ONE-TIME PAYMENT IN THE AMOUNT OF $40,000 TO BE PAID IN SEPTEMBER 2024, FOLLOWING HIS 2023 ANNUAL PERFORMANCE REVIEW.

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533169349309468

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