IE NEW YORK COLLEGE

EIN: 822365514 501(c)(3) Education

New York, NY

Total Revenue
$7,166,203
Total Expenses
$5,308,300
Total Assets
$10,293,457
Net Assets
$605,944
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Phone
9177701557
Tax Period
2024-08-01 to 2025-07-31

IE NEW YORK COLLEGE, founded in 2017, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 26% operating margin.

Mission

IE New York College (IENYC or the College), as per the incorporating documents is an educational corporation that operates under its own charter with the New York State Education department and maintains accreditation with the Middle States Commission on Higher Education and no part of the earnings of the College shall insure to the benefit of any individual. Globally renowned for social impact for business and ESG education, IE University and IENYC have complementary purposes with a focus on driving positive change through education, research and innovation. Established in 1973, as IE Business School, IE University is now recognized as one of the most innovative universities in the world according to international rankings. They have been ranked by the Financial Times as 1st in the world in ESG and Net Zero Teaching, and they collaborate widely with the United Nations on the fulfillment of the Sustainable Development Goals.

Program Service Accomplishments

Program 1
Expenses: $1,673,669 Revenue: $344,873

M.S. Business for Social Impact & Sustainability - This program equips students with the knowledge and skills to drive positive social and environmental change through business. The program blends...

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M.S. Business for Social Impact & Sustainability - This program equips students with the knowledge and skills to drive positive social and environmental change through business. The program blends theoretical foundations with practical applications, focusing on innovative business strategies that align positive impact with profitability and long-term success. Students will learn cutting-edge sustainable business practices, positioning them to lead their organizations toward a relevant future while making a significant impact on society and the environment.

Program 2
Expenses: $57,974 Revenue: $9,578

M.S. Sustainable Fashion - This program equips students with the knowledge and skills to transform the fashion industry, promoting sustainability, social equity and ethical practices. Blending...

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M.S. Sustainable Fashion - This program equips students with the knowledge and skills to transform the fashion industry, promoting sustainability, social equity and ethical practices. Blending theoretical foundations with practical applications, the program is designed to deliver a comprehensive understanding of sustainability and purpose in the fashion industry.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,807,377
Program Service Revenue $354,451
Investment Income $1,589
Other Revenue $2,786
TOTAL REVENUE $7,166,203

Expense Breakdown

Grants Paid $212,515
Salaries & Benefits $1,928,065
Fundraising Expenses $0
Program Expenses $1,731,643
Other Expenses $3,167,720
TOTAL EXPENSES $5,308,300

Year-over-Year Comparison

2024 2023 Change
Revenue $7,166,203 $5,448,623 +0.3%
Expenses $5,308,300 $5,535,696 0.0%
Net Income $1,857,903 $-87,073 -22.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
20
Volunteers
9

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
2
$540,011
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUAN RELLIE Trustee 1.0
Director
$0 $0 $0
FERNANDO BARNUEVO Trustee 1.0
Director
$0 $0 $0
JOANN ROLLE Trustee 1.0
Director
$0 $0 $0
KOFI APPENTENG Trustee 1.0
Director
$0 $0 $0
LEE NEWMAN Trustee 1.0
Director
$0 $0 $0
MACARENA ROSADO CORRAL Trustee 1.0
Director
$0 $0 $0
MACARENA RUIZ-JARABO Trustee 1.0
Director
$0 $0 $0
MANUEL MUNIZ VILLA Chair of the Board of Trustees 3.5
Director
$0 $0 $0
MAR HURTADO DE MENDOZA CRESPO Treasurer of the Board of Trustees 1.0
Director
$0 $0 $0
JACQUELINE LEBLANC President 40.0
Officer
$395,976 $68,416 $464,392
LILIAN LOPEZ Managing Director 40.0
Officer
$75,528 $91 $75,619
JESSICA CHANG RUSSELL Director of Operations 40.0
Highest
$175,416 $32,665 $208,081
JESSICA DOEMAN Director of Academic Engagement 40.0
Highest
$147,887 $22,630 $170,517
JOHN ALBANESE Dean of Enrollment 40.0
Highest
$211,301 $22,164 $233,465
MICHAEL COHEN Director of Counseling 20.0
Highest
$102,994 $346 $103,340
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
2025 $7,166,203 $5,308,300 $10,293,457 $1,857,903
2024 $5,448,623 $5,535,696 $8,852,115 $-87,073
2023 $6,126,672 $6,288,532 $10,122,351 $-161,860
2022 $5,230,742 $5,224,866 $1,610,986 $5,876
2021 $4,994,608 $5,201,412 $1,992,425 $-206,804
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