IEG GLOBAL CORPORATION

EIN: 455521262 501(c)(3) Education

GAINESVILLE, VA

Total Revenue
$705,975
Total Expenses
$682,079
Total Assets
$207,656
Net Assets
$-56,818
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
PAUL SHIH
Phone
8005337272
Tax Period
2023-01-01 to 2023-12-31

IEG GLOBAL CORPORATION, founded in 2012, is a small nonprofit in the Education sector that reported $773K in total revenue in fiscal year 2017. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $915K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Organization provides financially challenged students the ability to attend short-term programs at top universities in the United States.

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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 $0
Program Service Revenue $705,975
Investment Income $0
Other Revenue $0
TOTAL REVENUE $705,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,546
Fundraising Expenses $0
Program Expenses $682,079
Other Expenses $601,533
TOTAL EXPENSES $682,079

Year-over-Year Comparison

2023 2022 Change
Revenue $705,975 $356,881 +1.0%
Expenses $682,079 $468,346 +0.5%
Net Income $23,896 $-111,465 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
N/A

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
1
$68,000
Total Directors
6
$68,000
Key Employees
1
$68,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SHIH PRESIDENT 060.00
Officer Director Key Emp Highest
$68,000 $0 $68,000
VICTORIA SHIH TREASURER 010.00
Director
$0 $0 $0
JIMING HUANG BOARD MEMBER 002.00
Director
$0 $0 $0
CHE-LI LIN BOARD MEMBER 001.00
Director
$0 $0 $0
JOHN SZE BOARD MEMBER 001.00
Director
$0 $0 $0
JACK MCGOURTY BOARD MEMBER 001.00
Director
$0 $0 $0
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 $705,975 $682,079 $207,656 $23,896
2022 $356,881 $468,346 $245,538 $-111,465
2021 $614,134 $424,873 $224,717 $189,261
2020 $125,796 $188,950 $85,033 $-63,154
2019 No data No data $122,509 No data
2019 $837,279 $780,509 $180,422 $56,770
2018 No data No data $122,509 No data
2018 $696,044 $639,311 $124,732 $56,733
2017 $773,437 $915,467 $122,509 $-142,030
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