2022-06-07T07:45:19-05:00 2021-07-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2020-08-01 521699641 THE INSTITUTE OF WORLD POLITICS INST 2024622101 1521 16TH STREET NW WASHINGTON DC 20036 DR JOHN LENCZOWSKI FOUNDER AND CHANCELLOR 2024622101 2022-06-06 1 DR JOHN LENCZOWSKI XXX-XX-XXXX SARA SMITH P01332734 2022932200 2022-06-06 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JOHN LENCZOWSKI 1521 16TH STREET NW WASHINGTON DC 20036 13331485 0 X WWW.IWP.EDU X 1990 DC A GRADUATE SCHOOL OF NATIONAL SECURITY AND INTERNATIONAL AFFAIRS, DEDICATED TO DEVELOPING LEADERS WITH A SOUND UNDERSTANDING OF INTERNATIONAL REALITIES, AND THE ETHICAL CONDUCT OF STATECRAFT. IWP'S APPROVED ACTIVITIES INCLUDE EDUCATION, RESEARCH AND PUBLICATION. 20 19 74 24 0 0 4117097 5485936 3236673 3182494 107498 532269 34166 9761 7495434 9210460 827578 773938 0 0 4813249 4822449 0 0 502720 2195992 2012316 7836819 7608703 -341385 1601757 17053733 18856651 10354443 9746359 6699290 9110292 X THE INSTITUTE OF WORLD POLITICS IS A GRADUATE SCHOOL OF NATIONAL SECURITY AND INTERNATIONAL AFFAIRS, DEDICATED TO DEVELOPING LEADERS WITH A SOUND UNDERSTANDING OF INTERNATIONAL REALITIES AND THE ETHICAL CONDUCT OF STATECRAFT, BASED ON KNOWLEDGE AND APPRECIATION OF THE FOUNDING PRINCIPLES OF THE AMERICAN POLITICAL ECONOMY AND THE WESTERN MORAL TRADITION. 0 0 3025595 773938 3182494 THE INSTITUTE OFFERS A DOCTOR OF STATECRAFT AND NATIONAL SECURITY PROGRAM, FIVE M.A DEGREES IN ITS MASTER'S DEGREE PROGRAM, OVER 10 CERTIFICATES OF GRADUATE STUDY, A ACADEMIC PROGRAM FOR DEFENSE & INTELLIGENCE LEADERSHIP IN PARTNERSHIP WITH THE UNITED STATES NAVAL WAR COLLEGE, THE UNITED STATES ARMY, AND OTHER AGENCIES IN THE INTELLIGENCE COMMUNITY AND A CONTINUING EDUCATION PROGRAM, ALL WITH A PROFESSIONAL CURRICULUM COVERING THE VARIOUS ELEMENTS OF STATECRAFT. THIS CURRICULUM IS BASED UPON AN INTERDISCIPLINARY FOUNDATIONAL COURSE OF STUDY THAT INCLUDES RELEVANT ELEMENTS OF COMPARATIVE POLITICAL CULTURE, WESTERN MORAL PRECEPTS, PRACTICAL POLITICAL ECONOMICS, AND A POLITICAL AND DIPLOMATIC HISTORY. 1788616 THE INSTITUTE HAS A PROGRAM OF EDUCATIONAL AND OCCUPATIONAL COUNSELING FOR IT'S STUDENTS FROM VARIOUS PEOPLE ASSOCIATED WITH THE INSTITUTE, INCLUDING THE FACULTY CHAIRMAN, THE ADMISSIONS COORDINATOR, AND OTHER FACULTY MEMBERS THE INSTITUTE ASSISTS ITS STUDENTS WITH FINDING EMPLOYMENT OPPORTUNITIES, PARTICULARLY THOSE IN THE FOREIGN AFFAIRS AND NATIONAL SECURITY FIELDS. 385644 THE LIBRARY OFFERS SERVICES TO SUPPORT THE INSTITUTES CURRICULUM AND EXPAND STUDENTS LEARNING OUTSIDE THE CLASSROOM BY PROVIDING ACCESS TO OUR PRINT COLLECTIONS, ELECTRONIC SUBSCRIPTIONS, AS WELL AS ACCESS TO PARTNER LIBRARIES. 5199855 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 74 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK AZ CA CO IL MA MD MI NJ NH NV NY OH OK OR RI WA X X LAWRENCE COSGRIFF 2024622101 1521 16TH STREET NW WASHINGTON DC 20036 DR JOHN LENCZOWSKI PRESIDENT 40.00 X X 222888 0 37113 JOHN LOVEWELL CHAIRMAN 8.00 X X 0 0 0 HON TIDAL W MCCOY VICE CHAIRMAN 8.00 X X 0 0 0 OWEN T SMITH CHAIRMAN EMERITUS 1.00 X 0 0 0 DR STEPHEN A FAUSEL TRUSTEE 1.00 X 0 0 0 SEAN FIELER TRUSTEE 1.00 X 0 0 0 CARLOS E FONTS SR TRUSTEE 1.00 X 0 0 0 JOHN K GARVEY TRUSTEE 1.00 X 0 0 0 HEIDI LEBARON LEUPP TRUSTEE 1.00 X 0 0 0 MICHAEL MAIBACH TRUSTEE 1.00 X 0 0 0 DR LONG NGUYEN TRUSTEE 1.00 X 0 0 0 BRIG GEN JACK NICHOLSON US ARMY-RET TRUSTEE 1.00 X 0 0 0 GEN RAYMOND T ODIERNO US ARMY-RET TRUSTEE 1.00 X 0 0 0 HON EDWARD F REILLY JR TRUSTEE 1.00 X 0 0 0 HON PETER SCHAUMBER TRUSTEE 1.00 X 0 0 0 WILLIAM SHAW TRUSTEE 1.00 X 0 0 0 DONALD V SMITH TRUSTEE 1.00 X 0 0 0 HON WILLIAM H WEBSTER TRUSTEE 1.00 X 0 0 0 JACQUELINE T WIELAND TRUSTEE 1.00 X 0 0 0 AMB ALDONA Z WOS MD TRUSTEE 1.00 X 0 0 0 LAWRENCE E COSGRIFF EXECUTIVE VICE PRESIDENT 40.00 X 167950 0 38508 JOHN BERGHOLZ VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 173671 0 49053 DEAN LANE SVP CYBER INTELLIGENCE 40.00 X 152623 0 8531 CHRIS GLASS SVP PROF AFFILIATIONS 40.00 X 163180 0 25965 FRANCIS MARLO ACADEMIC DEAN 40.00 X 162408 0 39580 JASON JOHNSRUD VP OF STUDENT AFFAIRS 40.00 X 111821 0 20375 MAREK CHODAKIEWICZ PROFESSOR 40.00 X 179946 0 31795 MATTHEW DANIELS PROFESSOR 40.00 X 173711 0 21544 DAVID THOMAS PROFESSOR 40.00 X 165750 0 0 S J TSAGRONIS PROFESSOR 40.00 X 161728 0 28245 JOSEPH R WOOD PROFESSOR 40.00 X 158673 0 1795 1994349 0 302504 17 0 1 0 YOUR PART-TIME CONTROLLER PO BOX 1209 MOUNT LAUREL NJ 080547209 ACCOUNTING CONSULTANTS 194317 BLACKWELL CONSULTING 2506 EATON ROAD WILMINGTON DE 19810 HR CONSULTING 115722 2 1180739 4305197 5485936 TUITION FEES 900099 3083143 3083143 STUDENT FEES 611710 99351 99351 3182494 35156 35156 49865 41697 8168 8168 8168 4576441 4079328 497113 497113 497113 OTHER INCOME 900099 1593 1593 1593 9210460 3182494 0 542030 773938 773938 2302025 1682744 441505 177776 1876488 1385993 355802 134693 68783 47874 17355 3554 262927 164893 53054 44980 312226 235802 55774 20650 52782 52782 253547 253547 21319 21319 414128 139705 267210 7213 117010 116421 559 30 112470 54693 39767 18010 79069 27292 43317 8460 127888 94974 18432 14482 4908 2448 2460 20476 13904 4619 1953 223501 101512 101687 20302 289629 193197 66972 29460 65663 21589 40782 3292 OTHER EXPENSES 113511 47687 57157 8667 PUBLICATIONS & SUBSCRIP 104937 94570 6009 4358 DUES 11478 619 8479 2380 7608703 5199855 1906128 502720 716 434 932606 4147687 2103708 466706 124754 85803 125652 132817 11472454 1768230 9816370 9704224 3466635 3866233 96586 386706 452747 17053733 18856651 102094 88718 76959 134737 7432355 7177833 350000 2393035 2345071 10354443 9746359 X 1482687 3648255 5216603 5462037 6699290 9110292 17053733 18856651 X 1601757 630222 179023 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 2929662 44972 873148 149720 3698062 2713785 10000 363345 157468 2929662 1686531 1245635 -2998 215383 2713785 2581198 216085 97459 1208211 1686531 3961136 137640 392981 1910559 2581198 0.07320 0.68030 0.24650 0 0 2060000 2060000 8521598 1047440 7474158 24393 15552 8841 256120 137389 118731 610343 567849 42494 9704224 ANNUITY OBLIGATION 122598 CAPITAL LEASE OBLIGATION 23377 REFUNDABLE ADVANCES 1270560 PPP PROMISSORY NOTE 718275 INTEREST RATE SWAP 210261 2345071 X 9087122 630222 -773938 -143716 9230838 21319 -41697 -20378 9210460 6855143 41697 41697 6813446 21319 773938 795257 7608703 PART III, LINE 1A: THE AUDITED FINANCIAL STATEMENT DOES NOT CONTAIN SUCH A FOOTNOTE. PART III, LINE 4: IN JUNE 2002, THE INSTITUTE RECEIVED THE GIFT OF THE EXTRAORDINARY PRIVATE LIBRARY OF WILLIAM J. CASEY, THE LATE DIRECTOR OF CENTRAL INTELLIGENCE. THE LIBRARY CURRENTLY CONTAINS MORE THAN 30,000 VOLUMES, INCLUDING THOUSANDS OF RARE AND OUT OF PRINT NATIONAL SECURITY BOOKS. PART V, LINE 4: THE INSTITUTE'S ENDOWMENT IS USED TO FUND EDUCATIONAL PROGRAMS RUN BY THE INSTITUTE, AS WELL AS TO COVER THE DAY-TO-DAY EXPENSES OF OPERATION. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE INSTITUTE IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. EFFECTIVE JANUARY 1, 2018, THE INSTITUTE IS NOW SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN PRETAX EMPLOYEE BENEFITS. INCOME TAX EXPENSE FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, WAS INSIGNIFICANT. THE INSTITUTE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FASB, THE INSTITUTE RECOGNIZES TAX LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL NOT BE SUSTAINED UPON EXAMINATION AND SETTLEMENT WITH VARIOUS TAXING AUTHORITIES. LIABILITIES FOR UNCERTAIN TAX POSITIONS ARE MEASURED BASED UPON THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. THE INSTITUTE RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, AS INCOME TAX EXPENSE. MANAGEMENT HAS EVALUATED THE INSTITUTE'S TAX POSITIONS AND HAS CONCLUDED THAT THE INSTITUTE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENT -773,938. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES RECORDED ON PART VIII, LINE 6B -41,697. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECORDED ON PART VIII, LINE 6B 41,697. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION REVENUE ON FINANCIAL STATEMENT 773,938. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE PUBLISHES ITS NON-DISCRIMINATORY POLICY ON ITS WEBSITE AND IN ITS STUDENT CATALOG & STUDENT HANDBOOK (THE TWO ITEMS ARE COMBINED IN ONE PRINTED DOCUMENT) THE CATALOG/HANDBOOK APPEARS ON THE IWP WEBSITE IN PDF FORM AND THE FULL STATEMENT APPEARS ON THE ADMISSION PAGE OF THE WEBSITE AT HTTP://WWW.IWP.EDU/PROSPECTIVE_STUDENTS/PAGE/ADMISSIONS-POLICIES SCHEDULE E, PART I, LINE 6 THE INSTITUTE PARTICIPATES IN A FEDERAL STUDENT LOAN PROGRAM WITH THE DEPARTMENT OF EDUCATION. IN FISCAL YEAR 2021, THE INSTITUTE RECEIVED $2,242,553 IN STUDENT FINANCIAL ASSISTANCE. THIS AMOUNT IS USED TO FUND STUDENT TUITION AND REPRESENTS A FLOW-THROUGH THAT DOES NOT IMPACT THE INSTITUTES INCOME STATEMENT. ON APRIL 22, 2020, THE INSTITUTE APPLIED FOR AND RECEIVED $718,275 FROM THE PAYCHECK PROTECTION PROGRAM (PPP) AS PART OF THE CARES ACT. FUNDS FROM THE NOTE MAY ONLY BE USED FOR PAYROLL COST, INTEREST ON OTHER DEBT OBLIGATIONS, LEASES, AND UTILITIES. THE INSTITUTE USED THE ENTIRE LOAN AMOUNT FOR QUALIFYING EXPENSES. THE INSTITUTE APPLIED FOR AND RECEIVED LOAN FORGIVENESS FOR THE ENTIRE LOAN AMOUNT OF $718,275 ON APRIL 13, 2021. 1 SCHOLARSHIPS 115 773838 PART I, LINE 2: THE INSTITUTE OFFERS SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE INSTITUTE. THESE SCHOLARSHIPS ARE OFFERED AS DIRECT REDUCTIONS TO TUITION COSTS AND NO FUNDS ARE REMITTED TO THE STUDENTS. SINCE THE STUDENT MAY NOT EXERCISE ANY PERSONAL DISCRETION AS TO HOW THE FUNDS ARE APPLIED, THE INSTITUTE IS NOT REQUIRED TO MONITOR THE USE OF THE FUNDS. RESEARCH FELLOWS ARE CHOSEN BASED ON THE QUALIFICATIONS IN THE AREA OF RESEARCH DETERMINED BY THE DIRECTOR OF THE CENTER FOR CULTURE AND SECURITY. GRANTS ARE AWARDED BASED ON GRANT BUDGETS AND FUNDING AVAILABILITY. ONCE GRANTS ARE AWARDED, FUNDS ARE SPENT AT THE FELLOW'S DISCRETION. PERIODIC UPDATES ARE REQUIRED AS DETERMINED BY THE GRANT AGREEMENT THAT STIPULATE OUTCOMES AND DELIVERABLES. ACADEMIC FELLOWS AND STUDENTS REQUESTING SCHOLARSHIPS APPLY TO IWP, AND ARE AWARDED FELLOWSHIPS AND SCHOLARSHIPS BY THE FINANCIAL AID COMMITTEE. X 1 1 X X 0 0 0 0 0 0 0 0 0 DR JOHN LENCZOWSKI PRESIDENT 220107 0 0 0 2781 0 11250 0 27703 0 261841 0 0 0 JOHN BERGHOLZ VP OF INSTITUTIONAL ADVANCEMENT 172087 0 0 0 1584 0 1375 0 49898 0 224944 0 0 0 MAREK CHODAKIEWICZ PROFESSOR 178914 0 0 0 1032 0 1200 0 32761 0 213907 0 0 0 LAWRENCE E COSGRIFF EXECUTIVE VICE PRESIDENT 166235 0 0 0 1715 0 8750 0 31598 0 208298 0 0 0 FRANCIS MARLO ACADEMIC DEAN 161856 0 0 0 552 0 8484 0 33316 0 204208 0 0 0 MATTHEW DANIELS PROFESSOR 172679 0 0 0 1032 0 8750 0 15014 0 197475 0 0 0 S J TSAGRONIS PROFESSOR 160696 0 0 0 1032 0 8291 0 22100 0 192119 0 0 0 CHRIS GLASS SVP PROF AFFILIATIONS 161596 0 0 0 1584 0 8250 0 19935 0 191365 0 0 0 DAVID THOMAS PROFESSOR 165750 0 0 0 0 0 0 0 1129 0 166879 0 0 0 DEAN LANE SVP CYBER INTELLIGENCE 149842 0 0 0 2781 0 7500 0 2857 0 162980 0 0 0 JOSEPH R WOOD PROFESSOR 157089 0 0 0 1584 0 1534 0 2481 0 162688 0 0 0 PART I, LINE 1A JOHN BERGHOLZ, VP OF INSTITUTIONAL ADVANCEMENT RESIDES IN CHICAGO, ILLIONIS. IWP PAYS QUARTERLY DUES FOR THE UNION LEAGUE CLUB OF CHICAGO. IWP CONDUCTS MEETINGS THERE. IWP PAID NON-TAXABLE DUES IN THE AMOUNT OF $6,840. A DISTRICT OF COLUMBIA REVENUE BONDS SERIES 2016 536001131 2016-09-26 8500000 TO FUND THE ACQUISITION OF THE EXISTING CAMPUS 0 0 0 A 1248000 8500000 8500000 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 SUN TRUST BANK 10.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING FOR COMMENT AND APPROVAL. ONCE APPROVED, THE FORM 990 WAS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE OF WORLD POLITICS HAS A CONFLICT OF INTEREST POLICY IN PLACE. EVERY EMPLOYEE OF THE INSTITUTE IS REQUIRED TO COMPLY WITH THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL EMPLOYEES (INCLUDING OFFICERS, DIRECTORS AND KEY EMPLOYEES) ARE REQUIRED TO DISCLOSE ANY BUSINESS TRANSACTIONS WITH EITHER THE INSTITUTE OR WITH ANOTHER INSTITUTE EMPLOYEE. THIS POLICY OF DISCLOSURE ALSO EXTENDS TO FAMILY MEMBERS OF INSTITUTE EMPLOYEES. THE INSTITUTE EXERCISES DUE DILIGENCE WITH RESPECT TO ALL CONFLICT OF INTEREST DISCLOSURE. TO THE EXTENT ANY CONFLICT IS DISCOVERED, THE MATTER IS ADDRESSED IMMEDIATELY BY THE APPROPRIATE INSTITUTE DEPARTMENT. NO CONFLICTS WERE DISCOVERED IN THE YEAR ENDING JULY 31, 2021. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES DETERMINES THE PRESIDENT'S COMPENSATION, USUALLY IN EXECUTIVE SESSION AT ONE OF THE REGULAR SPRING OR FALL BOARD MEETINGS. AT THESE MEETINGS, THE TRUSTEES REVIEW AND DISCUSS THE PRESIDENT'S PERFORMANCE AND ANNUAL COMPENSATION. A FORMAL PROCESS WAS PUT IN PLACE ESTABLISHING AN EMPLOYMENT AGREEMENT. THE SALARY SHALL BE REVIEWED EVERY TWO YEARS AND ADJUSTED AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. THIS PROCESS HAS NOT BEEN AN ANNUAL PROCESS, BUT THE INSTITUTE IS LOOKING TO IMPLEMENT A FORMAL PROCESS THAT IS CONSISTENT AND DOCUMENTED IN THE APPROPRIATE BOARD MINUTES. THE EMPLOYMENT AGREEMENT SHALL EXPIRE ON JULY 31, 2023. WITHIN THE CONTEXT OF AN APPROVED BUDGET, THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, THE VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, AND THE DEAN OF ACADEMIC AFFAIRS. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAPS 179,023.