Skip to content
Nonprofiteer
← IMPROVING ECONOMIES FOR STRONGER COMMUNITIES

Form 990 for tax year 2022

Filed by IMPROVING ECONOMIES FOR STRONGER COMMUNITIES.

Totals

Total revenue
$23,794,254
Total expenses
$23,253,685
Contributions and grants received
$23,784,779
Grants paid
$5,817,357
Program service revenue
$0
Investment income
$9,475
Other revenue
$0
Total assets, end of year
$24,366,418
Total liabilities, end of year
$22,130,535
Net assets or fund balances, end of year
$2,235,883
Program services expenses (Part IX)
$17,787,610
Management and general expenses
$4,133,559
Fundraising expenses
$1,332,516
Program service expenses (Part III)
$17,787,610

Program services were 76.5% 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)

    $22,392,454

  • 1f · All other contributions, gifts and grants

    $1,392,325

  • 3 · Investment income

    total $9,475 · excluded $9,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,107,227 · program services $1,107,227

  • 3 · Grants to foreign organizations and individuals

    total $4,710,130 · program services $4,710,130

  • 5 · Compensation of officers, directors and key employees

    total $1,733,682 · program services $210,280 · management and general $1,329,182 · fundraising $194,220

  • 7 · Other salaries and wages

    total $7,689,339 · program services $5,842,874 · management and general $1,238,377 · fundraising $608,088

  • 8 · Pension plan contributions

    total $553,858 · program services $222,752 · management and general $242,328 · fundraising $88,778

  • 9 · Other employee benefits

    total $852,626 · program services $763,978 · management and general $48,485 · fundraising $40,163

  • 10 · Payroll taxes

    total $351,668 · program services $127,399 · management and general $170,104 · fundraising $54,165

  • 11b · Fees: legal

    total $35,637 · program services $22,363 · management and general $13,274

  • 11c · Fees: accounting

    total $52,013 · program services $513 · management and general $51,500

  • 11g · Fees: other

    total $1,397,605 · program services $788,494 · management and general $375,639 · fundraising $233,472

  • 13 · Office expenses

    total $263,227 · program services $218,648 · management and general $40,818 · fundraising $3,761

  • 14 · Information technology

    total $160,826 · program services $46,979 · management and general $113,847

  • 16 · Occupancy

    total $920,161 · program services $508,080 · management and general $315,075 · fundraising $97,006

  • 17 · Travel

    total $1,406,142 · program services $1,381,270 · management and general $23,875 · fundraising $997

  • 19 · Conferences, conventions and meetings

    total $355,449 · program services $332,570 · management and general $22,879

  • 22 · Depreciation, depletion and amortization

    total $86,452 · program services $85,045 · management and general $1,407

  • 23 · Insurance

    total $8,012 · program services $8,012

  • 24a · Other expenses: TRAINING & EDUCATION

    total $750,257 · program services $729,102 · management and general $21,155

  • 24b · Other expenses: OTHER EXPENSES

    total $655,892 · program services $523,857 · management and general $125,614 · fundraising $6,421

  • 24c · Other expenses: COMMUNICATION

    total $139,619 · program services $134,174 · fundraising $5,445

  • 24d · Other expenses: TAXES

    total $23,863 · program services $23,863

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,982,023 · end of year $2,881,842

  • 2 · Savings and temporary cash investments

    beginning of year $19,511,906 · end of year $16,926,986

  • 3 · Pledges and grants receivable

    beginning of year $1,502,835 · end of year $1,436,846

  • 4 · Accounts receivable

    beginning of year $571,926 · end of year $738,894

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,405 · end of year $63,496

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

    $676,181

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

    $648,040

  • 10c · Land, buildings and equipment, net

    beginning of year $114,593 · end of year $28,141

  • 15 · Other assets

    beginning of year $54,179 · end of year $2,290,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,330,590 · end of year $1,724,547

  • 24 · Unsecured notes and loans payable

    beginning of year $569,630 · end of year $398,741

  • 25 · Other liabilities

    beginning of year $20,825,450 · end of year $20,007,247

  • 27 · Net assets without donor restrictions

    beginning of year $1,038,197 · end of year $2,235,883

Mission and programs · 2022

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 ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.

    Expenses $9,609,348 · Grants $4,089,002

  • AGRICULTURE-LED GROWTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.

    Expenses $3,407,702 · Grants $703,126

  • WORKFORCE, ENTREPRENEURSHIP AND YOUTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS ARE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. IESC ALSO HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTER-CONNECTED TO OUR PRACTICE AREAS. THE AREAS OF EXPERTISE, LISTED BELOW, THAT ARE HOUSED SOLELY IN ONE PRACTICE AREA ARE IN BOLD WHILE THE OTHERS CUT ACROSS EACH OF OUR PRACTICE AREAS. THESE CORE AREAS OF EXPERTISE, IN ALPHABETICAL ORDER, INCLUDE ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; TRADE FACILITATION; AND WORKFORCE DEVELOPMENT.

    Expenses $4,770,560 · Grants $1,025,229

As filed on the 2022 return.

Listed in Part VII

  • Wing Keith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Jean Lange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Gurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Layton

    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

  • Carole Wainaina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judit Deilinger

    VP BUSINESS DEVELOPMENT

    Total calculated
    $239,926
    From this org
    $197,700
    From related orgs
    $0
    Other
    $42,226
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $190,915
    Bonus
    $0
    Other
    $6,785
    Deferred
    $13,641
    Nontaxable benefits
    $28,585
    Filer's total
    $239,926

  • David Hartingh

    CEO/PRESIDENT

    Total calculated
    $426,507
    From this org
    $376,700
    From related orgs
    $0
    Other
    $49,807
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $354,124
    Bonus
    $15,000
    Other
    $7,576
    Deferred
    $24,415
    Nontaxable benefits
    $25,392
    Filer's total
    $426,507

  • Daniel Nichols

    VP FINANCE AND ACCOUNTING

    Total calculated
    $231,712
    From this org
    $193,971
    From related orgs
    $0
    Other
    $37,741
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $189,918
    Bonus
    $0
    Other
    $4,053
    Deferred
    $13,796
    Nontaxable benefits
    $23,945
    Filer's total
    $231,712

  • Erin Spinnell

    VP OPERATIONS

    Total calculated
    $228,130
    From this org
    $188,088
    From related orgs
    $0
    Other
    $40,042
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $182,984
    Bonus
    $0
    Other
    $5,104
    Deferred
    $7,925
    Nontaxable benefits
    $32,117
    Filer's total
    $228,130

  • Chad Ford

    AVP TRADE AND ENTERPRISE

    Total calculated
    $187,049
    From this org
    $156,245
    From related orgs
    $0
    Other
    $30,804
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $156,245
    Bonus
    $0
    Other
    $0
    Deferred
    $11,114
    Nontaxable benefits
    $19,690
    Filer's total
    $187,049

  • Adam Keatts

    AVP AGRICULTURE LED GROWTH

    Total calculated
    $196,534
    From this org
    $169,183
    From related orgs
    $0
    Other
    $27,351
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,183
    Bonus
    $0
    Other
    $0
    Deferred
    $11,971
    Nontaxable benefits
    $15,380
    Filer's total
    $196,534

  • Pam Stevens

    DIRECTOR CONTRACTS & GRANTS

    Total calculated
    $223,824
    From this org
    $181,781
    From related orgs
    $0
    Other
    $42,043
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $181,781
    Bonus
    $0
    Other
    $0
    Deferred
    $12,872
    Nontaxable benefits
    $29,171
    Filer's total
    $223,824

  • Charles Conconi

    CHIEF OF PARTY

    Total calculated
    $422,668
    From this org
    $367,689
    From related orgs
    $0
    Other
    $54,979
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $238,176
    Bonus
    $0
    Other
    $129,513
    Deferred
    $18,828
    Nontaxable benefits
    $36,151
    Filer's total
    $422,668

  • Daniel Fitzpatrick

    CHIEF OF PARTY

    Total calculated
    $302,269
    From this org
    $249,494
    From related orgs
    $0
    Other
    $52,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,726
    Bonus
    $0
    Other
    $66,768
    Deferred
    $16,570
    Nontaxable benefits
    $36,205
    Filer's total
    $302,269

  • Pradeep Liyanamana

    CHIEF OF PARTY

    Total calculated
    $265,602
    From this org
    $215,860
    From related orgs
    $0
    Other
    $49,742
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $186,063
    Bonus
    $0
    Other
    $29,797
    Deferred
    $13,897
    Nontaxable benefits
    $35,845
    Filer's total
    $265,602

  • Brian Rudert

    CHIEF OF PARTY

    Total calculated
    $226,463
    From this org
    $210,472
    From related orgs
    $0
    Other
    $15,991
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $185,348
    Bonus
    $0
    Other
    $25,124
    Deferred
    $13,767
    Nontaxable benefits
    $2,224
    Filer's total
    $226,463

  • John Lindsay

    AVP WORKFORCE ENTERPRENUERSHIP AND YOUTH

    Total calculated
    $166,264
    From this org
    $143,451
    From related orgs
    $0
    Other
    $22,813
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,451
    Bonus
    $0
    Other
    $0
    Deferred
    $10,285
    Nontaxable benefits
    $12,528
    Filer's total
    $166,264

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 $15,000 TO BE PAID IN APRIL, 2022, FOLLOWING HIS 2021 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349305970

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.