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Iese Foundation INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Education EIN 26-1822489Revenue $78K in FY2020

On file with the IRS165 W 57th St, 10019-2201 · New York, NYTax-exempt since Aug 2008Publicly supported charity — 170(b)(1)(A)(vi)

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IESE Foundation, Inc's primary purposes are to support research, the dissemination of information, education and training, all related to business and management and to economics, sociology, psychology and other disciplines in so far as they relate to business and management. It will achieve its goals through grants to support the development and activities of other not-for-profit entities in so far as their programs and activities contribute to the achievement of the Corporation's purposes.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $3K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78K
Spent
$82K
To programs
97%
Net assets
$14K
By yearFY2020–FY2025
Revenue
$78K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$78K
FY2021$28K
FY2022$113K
FY2023$284K
FY2024$303K
FY2025$254K
Expenses
$82K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$82K
FY2021$28K
FY2022$118K
FY2023$277K
FY2024$223K
FY2025$315K
Net assets
$14K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$14K
FY2022$9K
FY2023$16K
FY2024$95K
FY2025$35K

From the FY2020 Form 990 (year ending August 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $80K Management & general 3% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Jordi Canals
Trustee/Pres
$0Pt VII · Sec A
John Coverdale
Trustee/Secy
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Weber
Trustee/VP
$0Pt VII · Sec A
Paul Gallagher
Trustee/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
Jordi Canals
Trustee/Pres
$0Pt VII · Sec A
John Coverdale
Trustee/Secy
$0Pt VII · Sec A
See Iese Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds research and education in business, management, and related social sciences.

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Provided by the organization

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2 programs · $80K · in their own filed words · FY2019
01

A grant of $70,000 was made to IESE USA, Inc which operates the facilities in New York City used by IESE Business School to conduct management education courses and to carry out research. The unrestricted grant was in support of operations of IESE USA, Inc including costs associated with renting and operating a facility and running…

$80Kprogram expense
02

A grant of $136,200 was made to IESE USA, Inc which operates the facilities in New York City used by IESE Business School to conduct management education courses and to carry out research. The unrestricted grant was in support of operations of IESE USA, Inc including costs associated with renting and operating a facility and running…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 10 grants · $748K · 2019–2024
Iese USA INCNY · FY2024$60,675
Fundacion International IeseFY2023$200,000
Iese USA INCNY · FY2023$10,000
Fundacion International IeseFY2022$160,000
Fundacion International IeseFY2022$60,000
Iese USA INCNY · FY2022$50,000
Fundacion International IeseFY2021$60,000
Iese USA INCNY · FY2021$50,000
Iese USA INCNY · FY2020$27,500
Iese USA INCNY · FY2019$70,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$78K
Ln 12
Gifts and grantsLn 1h$78K
Money outPt IX
$82K
Ln 25
Programscol B$80K
Managementcol C$2K
Owns and owesPt X
$14K
net assets · Ln 32
Total assetsLn 16$14K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Total revenueLn 12$78K
Assets in detailPt X, end of year
Total assetsLn 16$14K
LiabilitiesLn 26$0
Net assetsLn 32$14K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $254K$315K−$60K$35K 990 PDF
FY2024 $303K$223K$80K$95K 990 PDF
FY2023 $284K$277K$7K$16K 990 PDF
FY2022 $113K$118K−$6K$9K 990 PDF
FY2021 $28K$28K$31$14K 990 PDF
FY2020 Viewing $78K$82K−$4K$14K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2020 990 (1 part)
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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