International Baccalaureate Organization

“Form 990, Part III, Line 4d The organization received $2,236,812 of income from the sale of publications and an additional $1,862,809 of miscellaneous income which were both related to the organization's exempt function.”

“Form 990, Part IV, Question 12 & Part XII, Question 2 The International Baccalaureate Organization (IBO) is an independent not-for-profit organization registered in Switzerland, and functions in accordance with the Swiss Civil Code. The consolidated financial statements of IBO, as audited by an independent accountant, are prepared in accordance with the Swiss Civil Code.”

“Form 990, Part VI, Question 11B The form 990 is prepared by the organization's independent tax accountant, Ernst & Young, LLP. The 990 is then reviewed and signed off by International Baccalaureate Organization's (IBO's) Management. Policies and procedures are in the process of being implemented to circulate the IBO's Form 990 to the IBO board prior to filing it with the IRS.”

“Form 990, Part VI, Question 12c IB Governance Department includes the Conflicts of Interest Policy in the package of each new Board member, presents it during the induction session, asks for a signed copy of the register when he or she joins the Board and regularly updates the registers. Also, the Chair discusses any potential conflicts at the beginning of each Board meeting, according to the items on the agenda of that meeting.”

“Form 990, Part VI, Questions 15a and 15b The human resource (HR) committee (which is a committee of the Board) deliberates on and decides the Director General's salary in the first instance and reviews it annually. These decisions are documented. The HR committee uses benchmarking data, independent views from consultants are obtained and an external expert sits on the HR committee. Then, the Director General, with delegated authority by and in collaboration with the HR committee, decides the salaries of the following officers and key employees: Deputy director general, academic officer, Chief Financial Officer, HR director, advancement director, director of assessment operations, and chief operating officer schools division. These decisions are also documented.”

“Form 990, Part VI, Question 19 IBO makes its financial statements available to the general public by mailing out its annual review to all IB World Schools and to all IB donors as well as by posting its financial statements on the IBO website, http://www.ibo.org. The conflict of interest policy is made available on the IBO website. However, the governing documents are made available to the public upon request.”

“Form 990, Part VII, Section A Certain individuals are not U.S. residents or U.S. employees; therefore, the compensation information for these individuals is provided using the best information available from the W-2 equivalent. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN REVENUE RECOGNITION - ($5,087,771) 2012 IFRS ADJUSTMENT - $893,611 TOTAL - ($4,194,160)”