INTERNATIONAL INSTITUTE OF AKRON INC

EIN: 340733161 501(c)(3) Human Services

AKRON, OH

Total Revenue
$4,282,624
Total Expenses
$4,394,771
Total Assets
$4,182,678
Net Assets
$1,525,950
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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
OH
Principal Officer
MADHU SHARMA
Phone
3303765106
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL INSTITUTE OF AKRON INC, founded in 1916, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO CONTRIBUTE TO THE WELL-BEING OF OUR COMMUNITY BY CREATING AND IMPLEMENTING PROGRAMS AND SERVICES THAT ASSIST THOSE BORN OUTSIDE THE UNITED STATES TO INTEGRATE INTO AMERICAN SOCIETY. WE WORK TO PROMOTE PUBLIC AWARENESS OF THE VALUE OF ETHNIC DIVERSITY AND TO ENCOURAGE INTERNATIONAL COMMUNICATION.

Program Service Accomplishments

Program 1
Expenses: $2,018,536 Revenue: $72,709

REFUGEE RESETTLEMENT: 518 REFUGEES WERE RESETTLED TO THE AKRON AREA IN 2023. THIS PROGRAM PROVIDES COMPREHENSIVE SERVICES FOR REFUGEES, ASYLEES, VICTIMS OF TRAFFICKING AND SECONDARY REFUGEES WHO...

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REFUGEE RESETTLEMENT: 518 REFUGEES WERE RESETTLED TO THE AKRON AREA IN 2023. THIS PROGRAM PROVIDES COMPREHENSIVE SERVICES FOR REFUGEES, ASYLEES, VICTIMS OF TRAFFICKING AND SECONDARY REFUGEES WHO RELOCATE FROM OTHER U.S. STATES. THE PRIMARY GOAL IS TO HELP INDIVIDUALS ACQUIREA WORKING KNOWLEDGE OF THE ENGLISH LANGUAGE, GAIN EMPLOYMENT AND ACHIEVE SELF-SUFFICIENCY AS THEY ADJUST TO THEIR NEW LIFE IN AKRON, OHIO.

Program 2
Expenses: $920,353 Revenue: $0

EMPLOYMENT: IIA PROVIDES COMPREHENSIVE EMPLOYMENT COUNSELING AND ADVISORY SERVICES TO SUPPORT THE INTEGRATION AND SELF-SUFFICIENCY OF IMMIGRANTS AND REFUGEES IN GREATER AKRON AND NORTHEAST OHIO...

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EMPLOYMENT: IIA PROVIDES COMPREHENSIVE EMPLOYMENT COUNSELING AND ADVISORY SERVICES TO SUPPORT THE INTEGRATION AND SELF-SUFFICIENCY OF IMMIGRANTS AND REFUGEES IN GREATER AKRON AND NORTHEAST OHIO. SERVICES INCLUDE INDIVIDUALIZED EMPLOYMENT CASE MANAGEMENT AND SKILL ASSESSMENT, DEVELOPMENT OF A FAMILY SELF-SUFFICIENCY CONTRACT AND BUDGET, ORIENTATION TO THE WORLD OF WORK AND U.S. WORKPLACE UNDERSTANDING, JOB CLUBS, AND TARGETED ESOL AND SKILL DEVELOPMENT. ADDITIONAL SERVICES INCLUDE HELPING CLIENTS OVERCOME KEY EMPLOYMENT BARRIERS SUCH AS TRANSPORTATION AND CHILDCARE. THE IIA EMPLOYMENT SERVICES TEAM HAS ALSO ESTABLISHED RELATIONSHIPS WITH OVER 80 EMPLOYERS IN THE NORTHEAST OHIO REGION TO SUPPORT TALENT RECRUITMENT AND DEVELOPMENT. IN 2023, 79% OF THE 168 REFUGEE CLIENTS WERE SELF-SUFFICIENT WITHIN 180 DAYS OF ARRIVAL. IIA'S EMPLOYMENT PROGRAMS ARE FUNDED THROUGH STATE AND FEDERAL CONTRACTS.

Program 3
Expenses: $409,988 Revenue: $424,144

INTERPRETING AND TRANSLATION SERVICES: INTERPRETING, TRANSLATION AND CULTURAL COMPETENCY SERVICES ARE OFFERED TO ASSIST IMMIGRANTS, REFUGEES, AND LOCAL SERVICE PROVIDERS IN THE GREATER AKRON AREA IN...

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INTERPRETING AND TRANSLATION SERVICES: INTERPRETING, TRANSLATION AND CULTURAL COMPETENCY SERVICES ARE OFFERED TO ASSIST IMMIGRANTS, REFUGEES, AND LOCAL SERVICE PROVIDERS IN THE GREATER AKRON AREA IN OVERCOMING LANGUAGE AND CULTURAL BARRIERS IN COMMUNICATION. 5,400 HOURS OF INTERPRETING AND TRANSLATION SERVICES WERE PROVIDED IN 2023.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,754,442
Program Service Revenue $496,853
Investment Income $16,921
Other Revenue $14,408
TOTAL REVENUE $4,282,624

Expense Breakdown

Grants Paid $1,153,444
Salaries & Benefits $2,076,596
Fundraising Expenses $39,156
Program Expenses $4,083,653
Other Expenses $1,164,731
TOTAL EXPENSES $4,394,771

Year-over-Year Comparison

2023 2022 Change
Revenue $4,282,624 $3,264,016 +0.3%
Expenses $4,394,771 $2,884,333 +0.5%
Net Income $-112,147 $379,683 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
39
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$199,350
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY LILE PRESIDENT 5.00
Officer Director
$0 $0 $0
RANA MATAR VICE PRESIDENT (BEG SEPT 2023) 5.00
Officer Director
$0 $0 $0
TANIA NEMER VICE PRESIDENT JUNE 2023-JULY 2023) 5.00
Officer Director
$0 $0 $0
THOMAS JALBERT TREASURER 5.00
Officer Director
$0 $0 $0
YAMINI K ADKINS SECRETARY 3.00
Officer Director
$0 $0 $0
SAMUEL BAGYINA TRUSTEE 1.00
Director
$0 $0 $0
ROSEMARY HAMED TRUSTEE 1.00
Director
$0 $0 $0
DAVID YEDIDSION TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE Y OLIVERA MITTICA TRUSTEE 1.00
Director
$0 $0 $0
GAIL KWOK SEGATTA TRUSTEE 1.00
Director
$0 $0 $0
MADHU SHARMA EXECUTIVE DIRECTOR 45.00
Officer
$99,017 $9,500 $108,517
KURT WINEBRENNER DIRECTOR OF BUSINESS/OPERA 45.00
Officer
$79,833 $11,000 $90,833
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,282,624 $4,394,771 $4,182,678 $-112,147
2022 $3,264,016 $2,884,333 $3,305,396 $379,683
2021 $2,301,795 $2,184,358 $2,952,820 $117,437
2020 $1,925,789 $1,728,516 $2,609,508 $197,273
2019 $2,363,891 $2,313,573 $2,430,577 $50,318
2018 $2,334,813 $2,082,115 $1,228,318 $252,698
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