TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202200419349300030 - Rendered 2024-05-04 TIN: 52-2035371

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE INTERNATIONAL STUDENT EXCHANGE
PROGRAMS

Employer identification number

52-2035371

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 4	ISEP REVISED ITS BYLAWS NOVEMBER 5, 2020. SIGNIFICANT CHANGES INCLUDE: - DESIGNATE EX-OFFICIO, NON-VOTING POSITIONS ON THE BOARD OF DIRECTORS AS ISEP'S PRESIDENT AND CEO, THE CHAIR AND CHAIR-ELECT OF ISEP'S COUNCIL OF ADVISORS, THE PRESIDENT OF ISEP FRANCE, AND A REPRESENTATIVE FROM ISEP'S SCHOOL OF RECORD; - CLARIFY WHO MAY PARTICIPATE IN VIDEO MEETINGS; - DESIGNATE THE VICE PRESIDENT OF FINANCE AS ISEP'S 'CHIEF FINANCE PERSON; AND - INDEMNIFY OFFICERS, DIRECTORS WITH VOTING PRIVILEGES AND EX-OFFICIO MEMBERS WITHOUT VOTING PRIVILEGES.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VICE PRESIDENT OF FINANCE. A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS.
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 THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 15A	THE EXECUTIVE COMMITTEE USED COMPARABLE INDUSTRY SURVEYS TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION. THE DECISION OF THE COMPENSATION COMMITTEE WAS DOCUMENTED IN A LETTER TO THE PRESIDENT/CEO, WHO PROVIDED A COPY TO THE DIRECTOR OF H.R. FOR INCLUSION IN THE PERSONNEL FILE. THE MOST RECENT REVIEW TOOK PLACE JANUARY 1, 2022. THE PRESIDENT/CEO DETERMINES COMPENSATION FOR ALL OTHER EMPLOYEES IN CONSULTATION WITH THE H.R. DEPARTMENT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 4

ISEP REVISED ITS BYLAWS NOVEMBER 5, 2020. SIGNIFICANT CHANGES INCLUDE: - DESIGNATE EX-OFFICIO, NON-VOTING POSITIONS ON THE BOARD OF DIRECTORS AS ISEP'S PRESIDENT AND CEO, THE CHAIR AND CHAIR-ELECT OF ISEP'S COUNCIL OF ADVISORS, THE PRESIDENT OF ISEP FRANCE, AND A REPRESENTATIVE FROM ISEP'S SCHOOL OF RECORD; - CLARIFY WHO MAY PARTICIPATE IN VIDEO MEETINGS; - DESIGNATE THE VICE PRESIDENT OF FINANCE AS ISEP'S 'CHIEF FINANCE PERSON; AND - INDEMNIFY OFFICERS, DIRECTORS WITH VOTING PRIVILEGES AND EX-OFFICIO MEMBERS WITHOUT VOTING PRIVILEGES.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VICE PRESIDENT OF FINANCE. A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS.

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 THE ORGANIZATION.

FORM 990, PART VI, SECTION B, LINE 15A

THE EXECUTIVE COMMITTEE USED COMPARABLE INDUSTRY SURVEYS TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION. THE DECISION OF THE COMPENSATION COMMITTEE WAS DOCUMENTED IN A LETTER TO THE PRESIDENT/CEO, WHO PROVIDED A COPY TO THE DIRECTOR OF H.R. FOR INCLUSION IN THE PERSONNEL FILE. THE MOST RECENT REVIEW TOOK PLACE JANUARY 1, 2022. THE PRESIDENT/CEO DETERMINES COMPENSATION FOR ALL OTHER EMPLOYEES IN CONSULTATION WITH THE H.R. DEPARTMENT.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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