Civic Intelligence

The International Student Exchange Programs

EIN 52-2035371 • 501(c)3 • Arlington, VA

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Profile

Isep is a network of 330 colleges and universities in the united states and 51 other countries. These higher education institutions come together to offer student mobility programs for academic and cross-cultural learning. More than 51,000 students have participated in isep programs since its inception in 1979 and isep places approximately 3,000 each year. The isep network is unique in the field of international education as it is the largest worldwide network for exchanges and study abroad. Through isep, institutions have access to a wide range of opportunities for their students that few could develop or sustain alone. Thus, isep enhances campus internationalization by placing well-qualified international students on campuses around the world and fosters global learning for those who participate in its programs.

1655 N Fort Myer Drive 400Arlington, VA 22209

www.isep.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.63x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.33x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

47th percentile

3.5%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

4.5%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$10,920,352

Up $919,898 (+9.2%) from 2023

Liabilities

Down

$6,875,903

Down $1,261,525 (-16%) from 2023

Net Assets

Up

$4,044,449

Up $2,181,423 (+117%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin47th percentile

Revenue

Up

$20,718,631

Up $8,539,110 (+70%) from 2023

Expenses

Up

$19,996,340

Up $8,181,190 (+69%) from 2023

Net Income

Up

$722,291

Up $357,920 (+98%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $3,995,688Liabilities 2011: $3,043,351Net Assets 2011: $952,3372011Assets 2012: $4,075,180Liabilities 2012: $3,165,913Net Assets 2012: $909,2672012Assets 2013: $4,641,454Liabilities 2013: $3,618,563Net Assets 2013: $1,022,8912013Assets 2014: $5,529,473Liabilities 2014: $4,024,207Net Assets 2014: $1,505,2662014Assets 2015: $4,899,636Liabilities 2015: $3,591,457Net Assets 2015: $1,308,1792015Assets 2016: $5,449,534Liabilities 2016: $4,038,683Net Assets 2016: $1,410,8512016Assets 2017: $5,278,831Liabilities 2017: $3,386,371Net Assets 2017: $1,892,4602017Assets 2018: $5,684,622Liabilities 2018: $3,731,049Net Assets 2018: $1,953,5732018Assets 2019: $5,352,712Liabilities 2019: $3,480,480Net Assets 2019: $1,872,2322019Assets 2020: $5,900,552Liabilities 2020: $3,191,945Net Assets 2020: $2,708,6072020Assets 2021: $4,426,296Liabilities 2021: $2,794,268Net Assets 2021: $1,632,0282021Assets 2022: $6,223,455Liabilities 2022: $4,746,839Net Assets 2022: $1,476,6162022Assets 2023: $10,000,454Liabilities 2023: $8,137,428Net Assets 2023: $1,863,0262023Assets 2025: $10,920,352Liabilities 2025: $6,875,903Net Assets 2025: $4,044,4492025

Highlighted filing

2025

Assets$10,920,352
Liabilities$6,875,903
Net Assets$4,044,449
Open 2025 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $8,476,7182011Expenses 2012: $9,245,8802012Revenue 2013: $9,200,674Expenses 2013: $9,087,050Net Income 2013: $113,6242013Revenue 2014: $9,215,758Expenses 2014: $8,733,383Net Income 2014: $482,3752014Revenue 2015: $7,856,241Expenses 2015: $8,053,328Net Income 2015: -$197,0872015Revenue 2016: $8,257,041Expenses 2016: $8,154,369Net Income 2016: $102,6722016Revenue 2017: $9,078,969Expenses 2017: $8,601,383Net Income 2017: $477,5862017Revenue 2018: $8,583,993Expenses 2018: $8,494,722Net Income 2018: $89,2712018Revenue 2019: $9,687,827Expenses 2019: $9,803,488Net Income 2019: -$115,6612019Revenue 2020: $9,767,435Expenses 2020: $8,932,465Net Income 2020: $834,9702020Revenue 2021: $2,807,253Expenses 2021: $3,931,045Net Income 2021: -$1,123,7922021Revenue 2022: $6,464,852Expenses 2022: $6,539,993Net Income 2022: -$75,1412022Revenue 2023: $12,179,521Expenses 2023: $11,815,150Net Income 2023: $364,3712023Revenue 2025: $20,718,631Expenses 2025: $19,996,340Net Income 2025: $722,2912025

Highlighted filing

2025

Revenue$20,718,631
Expenses$19,996,340
Net Income$722,291
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,920,352
Liabilities
$6,875,903
Net assets
$4,044,449
Revenue
$20,718,631
Expenses
$19,996,340
Net income
$722,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$6.88$4.04$20.7$20.0$0.72
2023Summary only. Only limited summary data is available for this year.$10.0$8.14$1.86$12.2$11.8$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.22$4.75$1.48$6.46$6.54$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$2.79$1.63$2.81$3.93$1.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$3.19$2.71$9.77$8.93$0.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.35$3.48$1.87$9.69$9.80$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$3.73$1.95$8.58$8.49$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$3.39$1.89$9.08$8.60$0.48
2016Summary only. Only limited summary data is available for this year.$5.45$4.04$1.41$8.26$8.15$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.90$3.59$1.31$7.86$8.05$0.20
2014Summary only. Only limited summary data is available for this year.$5.53$4.02$1.51$9.22$8.73$0.48
2013Summary only. Only limited summary data is available for this year.$4.64$3.62$1.02$9.20$9.09$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$3.17$0.91$9.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$3.04$0.95$8.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 16, 2025
Return Version
2024v5.2
Gross Receipts
$22,096,603
Mission and Program Overview

Mission

Isep is a membership network of 323 colleges and universities in the united states and 60 other countries. These higher education institutions facilitate student mobility for academic and cross-cultural learning throughout the network. Nearly 60,000 students have participated in isep programs since its inception in 1979 and isep places approximately 3,000 students each year. The isep membership network is unique in the field of international education as it is the largest worldwide network for exchanges and study abroad. Through isep, institutions have access to a wide range of opportunities for their students that few others could develop or sustain. Isep empowers students to enroll in universities outside their home country for immersion and integration with the local culture and community. Isep also offers a portfolio of short-term and summer programs. Isep provides academic advising resources, staff training, online tools, and student support seminars for its member institutions.

Assists universities worldwide expand student perspectives via accessible intercultural programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,374,977$4,893,282▲ $1,518,305
Investments in Publicly Traded Securities$1,310,495$1,730,587▲ $420,092
Investments Other Securities$1,252,714$1,459,763▲ $207,049
Prepaid Expenses and Deferred Charges$1,729,541$1,364,329▼ $365,212
Accounts Receivable$1,183,748$318,013▼ $865,735
Land, Buildings, and Equipment, Net$102,236$246,738▲ $144,502
Savings and Temporary Cash Investments$608,878$6,179▼ $602,699
Total Assets$10,930,392$10,920,352▼ $10,040
Other Assets Total$1,367,803$901,461▼ $466,342
Liabilities
Deferred Revenue$4,182,252$3,579,705▼ $602,547
Accounts Payable and Accrued Expenses$1,689,385$2,053,089▲ $363,704
Other Liabilities$1,824,204$1,243,109▼ $581,095
Mortgage Notes Payable Secured by Investment Property$145,469--
Total Liabilities$7,841,310$6,875,903▼ $965,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,994,879$3,954,345▲ $959,466
Net Assets With Donor Restrictions$94,203$90,104▼ $4,099
Total Net Assets Fund Balance$3,089,082$4,044,449▲ $955,367
Total Liabilities and Net Assets / Fund Balance$10,930,392$10,920,352▼ $10,040

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$198,123$2,011,308$2,209,431
Equipment$8,226$304,583$312,809
Leasehold Improvements$40,389$104,410$144,799
Other Assets Org$875,723--
Other Securities$1,459,763--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
John S LucasPresident and CEOFT$294,507$52,010$346,517
Edson OldsChief Operating OfficerFT$169,764$55,461$225,225
Robin AbbottChief Financial OfficerFT$150,040$20,988$171,028
Kristen AgutoVice President, Member RelationsFT$133,016$24,487$157,503
Nelson LathropDirector, Information TechnologyFT$127,855$981$128,836
Cynthia EngelDirector, Program DevelopmentFT$105,870$5,097$110,967

Board Members and Trustees

NameTitle
Leigh ColeChair
Robert CarolinVice Chair
Ann-charlotte LarssonDirector
Bernard MilanoDirector
Cedrick GuernDirector
Elaine Meyer-leeDirector
Ellen BabbyDirector
Gretchen DobsonDirector
Hernan FrattoDirector
Jeannie Caicedo-torresDirector
Joel GallegosDirector
Ki-jeong LeeDirector
Larry GreenDirector
Madeleine F GreenDirector
Mark SalisburyDirector
Raja BhattarDirector
Rajika BhandariDirector
Sanford J UngarDirector
Torian LeeDirector
William ClabbyImmediate Past Cahir
Terhi MolsaSecretary
Dimeji TogundeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Florence University Of The ArtsStudy Abroad Program11921 FREEDOM DRIVE SUITE 550, Reston, VA 20190, It$443,565
American College ThessalonikiStudy Abroad ProgramPO BOX 21021, Thessaloniki, Gr$330,732
Pontificia Universidad Catolica De ValpaStudy Abroad ProgramAV BRASIL 2950, Valparaiso, Ci$252,700
University Of New York In PragueStudy Abroad ProgramLONDYNSKA 506/41, Vinohrady, Ez$218,200
Tkxel LLCIt Consultant-$202,660
Revenue and Support

Revenue Composition

Contributions and Grants
$90,880
Program Service Revenue
$20,585,604
Investment Income
$42,147
Other Revenue
$0
All Other Contributions
$90,880
Change in Net Assets
$722,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,703,838
Revenue Not Reported on Financial Statements
$14,793
Revenue Not Reported on Form 990
$233,076
Total Revenue per Audited Statements
$20,936,914
Total Revenue per Form 990
$20,718,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,976,075
Salaries, Compensation, and Employee Benefits$4,014,025
Grants and Similar Amounts Paid$123,870
Total Fundraising Expense$17,034
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,442,170$740,076$4,635$2,186,881
Current Officers, Directors, Trustees, and Key Employees$865,119$522,130-$1,387,249
Benefits to Members$882,370--$882,370
Information Technology$73,304$625,024-$698,328
Fees for Services Other$201,405$172,596$1,422$375,423
Conferences and Meetings$191,850$113,464$26$305,340
Office Expenses$25,475$243,052$913$269,440
Payroll Taxes$183,996$72,806$283$257,085
Occupancy$135,186$106,636$2,277$244,099
Travel$95,469$39,297-$134,766
Other Employee Benefits$89,209$33,693$174$123,076
Grants to Domestic Individuals$74,850--$74,850
Pension Plan Contributions$42,306$17,309$119$59,734
Depreciation Depletion-$57,644-$57,644
Advertising$38,329$1,742-$40,071
Grants to Domestic Orgs$37,620--$37,620
Fees for Services Legal-$31,163-$31,163
Fees for Services Accounting-$27,295-$27,295
Insurance-$25,665-$25,665
Other Expenses$14,343$8,827$514$23,684
Fees for Service Investment Mgmnt Fees-$14,793-$14,793
All Other Expenses$8,671$5,336$311$14,318
Interest$7,801$4,800$279$12,880
Foreign Grants$11,400--$11,400
Total Functional Expenses$16,938,805$3,040,501$17,034$19,996,340

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$19,996,340
Expenses per Audited Statements$19,915,573
Total Expenses per Audited Statements$19,915,573
Expenses Not Reported on Financial Statements$80,767
Other Expense Adjustments$65,974
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Forum on Education AbroadCarlisle, PA501(c)(3)SPONSORSHIP OF THE FORUMS' ANNUAL CONFERENCE$30,000

International Summary

Offices
0
Employees
0
Spending
$11,400

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrants to Recipient Located in Region-00$6,650
Europe (including Iceland & Greenland)Grants to Recipient Located in Region-00$3,250
Sub-saharan AfricaGrants to Recipient Located in Region-00$1,000
South AmericaGrants to Recipient Located in Region-00$500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Operating Lease$1,243,109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The federal form 990 is prepared by the outside accountants and reviewed by the chief financial officer. A copy of the draft form 990 is provided to the board of directors prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Annually, officers, directors and senior management are required to disclose interests that may give rise to conflicts. If a conflict of interest or potential conflict of interest arises, isep makes every effort to resolve the conflict in the best interest of isep.”

Form 990, Part VI, Section B, Line 15

“The process for determining the compensation of the ceo includes review and approval by the board of directors, whose members are independent. The board conducts this review annually, with the most recent review completed in december 2024. As part of this process, board members complete an annual performance evaluation of the ceo and submit their feedback to the board chair. The board chair compiles and summarizes this information and shares the summary with the board in advance of the compensation determination. The board's compensation decision, including the information considered and the approval, is documented in the board meeting minutes at the time of the determination. All other employees are reviewed throughout the year (i.e. One-on-one meetings at a minimum of once a quarter) and annually (july 2025). Isep uses an electronic evaluation tool (paycom) to complete the review process.”

Form 990, Part VI, Section C, Line 19

“Isep makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The International Student Exchange
EIN
52-2035371
Phone
7035049960
Address
1655 N FORT MYER DRIVE 400, ARLINGTON, VA 22209

Signing Officer

Name
Robin Abbott
Title
Chief Financial Officer
Phone
7035049960
Signed
2025-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John S Lucas
Formed
1997
Legal Domicile
Dc
Voting Board Members
22
Independent Board Members
22
Employees
48
Volunteers
22

Preparer

Firm
Han Group LLC
Address
1020 19TH STREET NW SUITE 800, WASHINGTON, DC 20036
Preparer
Jennifer S Han
Phone
2022937000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Isep follows the authoritative guidance relating to accounting for uncertainty in income taxes included in asc topic 740, income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. It is isep's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expenses. Isep performed an evaluation of uncertain tax positions for the year ended june 30, 2025, and determined that there were no matters that would require recognition on the financial statements or that may have any effect on its tax-exempt status. The statute of limitations generally remains open for three tax years with the u.s. Federal jurisdiction or the various states and local jurisdictions in which isep files tax returns.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Loss on foreign currency translation 65,974.”

Raw XML AppendixShowing 400 of 925 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01689385
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02053089
IRS990/AccountsReceivableGrp/BOYAmt01183748
IRS990/AccountsReceivableGrp/EOYAmt0318013
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ASSISTS UNIVERSITIES WORLDWIDE EXPAND STUDENT PERSPECTIVES VIA ACCESSIBLE INTERCULTURAL PROGRAMS.
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IRS990/AdvertisingGrp/TotalAmt040071
IRS990/AllOtherContributionsAmt090880
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IRS990/BooksInCareOfDetail/USAddress/CityNm0ARLINGTON
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IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm0FIRENZE
IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm1THESSALONIKI
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IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd0IT
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RESTON
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020190
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1AMERICAN COLLEGE THESSALONIKI
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PONTIFICIA UNIVERSIDAD CATOLICA DE VALPA
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3UNIVERSITY OF NEW YORK IN PRAGUE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4TKXEL LLC
IRS990/ContractorCompensationGrp/ServicesDesc0STUDY ABROAD PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc1STUDY ABROAD PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc2STUDY ABROAD PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc3STUDY ABROAD PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc4IT CONSULTANT
IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt090880
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