Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 290,495 | 78,801 | 13,462 | 15,000 | 17,888 | 415,646 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 290,495 | 78,801 | 13,462 | 15,000 | 17,888 | 415,646 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 415,646 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 290,495 | 78,801 | 13,462 | 15,000 | 17,888 | 415,646 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 9,844 | 452,393 | 348,251 | 402,387 | 555,596 | 1,768,471 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 6,672 | 6,672 | ||||
| 11 | Total support. Add lines 7 through 10 | 2,190,789 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
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2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| PART II, LINE 10 | 6,672 |
| PART II, LINE 17B | IHP FACTS & CIRCUMSTANCES TEST RESPONSES - FEB '26 DETAILS ON WHETHER THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITING FUNDS FROM THE GENERAL PUBLIC, COMMUNITY, MEMBERSHIP GROUPS, GOVERNMENTAL UNITS, OR OTHER PUBLIC CHARITIES. FOR MANY DECADES IHP OPERATED A RESIDENTIAL FACILITY WHICH GENERATED PROGRAM REVENUE RELATED TO OUR EXEMPT FUNCTION. THIS FACILITY CLOSED IN 2021 AS DID THE ASSOCIATED RESIDENTIAL PROGRAM. IN THE FIVE YEARS SINCE WE HAVE UPDATED OUR MISSION AND THE MANNER IN WHICH WE SERVE OUR CONSTITUENTS. IHP LAUNCHED A NEW SLATE OF PROGRAMS IN FY 2022 FOR WHICH WE ARE WORKING TO INCREASE OUR PUBLIC SUPPORT. INCLUDED BELOW ARE SOME EXAMPLES OF OUR EFFORTS TO GENERATE REVENUE THROUGH OUR NEW PROGRAMS AND FUNDRAISE IN SUPPORT OF THEM: PROGRAM REVENUE: -WE HOST ACTIVITIES AND EVENTS FOR THE COMMUNITY AND CHARGE TICKET FEES FOR SELECT, EXEMPT FUNCTION-RELATED EVENTS THROUGHOUT THE YEAR. -WE OFFER TRAININGS FOR HIGHER ED STAFF AND FACULTY ON BEST PRACTICES FOR SUPPORTING INTERNATIONAL STUDENTS -WE OFFER OTHER EXEMPT- FUNCTION-ALIGNED SERVICES ON AN AD HOC BASIS (E.G. DELIVERING WORKSHOPS, SPEAKING ENGAGEMENTS) WE HAVE STEADILY INCREASED PROGRAM REVENUE IN RECENT YEARS: 1) 1,005 IN FY 24 2) 4,549 IN FY 25 3) 5,244 SO FAR IN FY 26 ANTICIPATED ADDITIONAL PROGRAM REVENUE IN FY 26: 7,000 GRANTS AND CONTRIBUTIONS: -WE ACCEPT DONATIONS AND SPONSORSHIP FROM FOUNDATIONS, THE GENERAL PUBLIC, AND CORPORATIONS. WE HAVE STEADILY INCREASED OUR FUNDRAISING IN RECENT YEARS: 1)1,300 IN FY 24 2)2,365 IN FY 25 3)11,041 SO FAR IN FY 26 ANTICIPATED ADDITIONAL GRANTS AND CONTRIBUTIONS FY 26: 7,500 IHP'S UPDATED VISION STATEMENT: IHP WORKS TO MAKE PHILADELPHIA A HUB FOR GLOBAL EDUCATION THAT ATTRACTS, SUPPORTS, AND RETAINS INTERNATIONAL STUDENTS AND SCHOLARS. IHP'S MISSION STATEMENT: IHP PROMOTES A MORE GLOBALLY CONNECTED PHILADELPHIA BY SUPPORTING STUDENTS AND SCHOLARS FROM AROUND THE WORLD AND WELCOMING THEM TO THE GREATER PHILADELPHIA COMMUNITY. SUPPORTING FACTS AND CIRCUMSTANCES, INCLUDING SOURCES OF SUPPORT, WHETHER THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, AND HOW THE ORGANIZATION PROVIDES FACILITIES OR SERVICES DIRECTLY FOR THE BENEFIT OF THE PUBLIC ON A CONTINUING BASIS. SOURCES OF SUPPORT: AN INDEPENDENT 501(C)(3) ORGANIZATION, INTERNATIONAL HOUSE PHILADELPHIA (IHP) WAS FOUNDED IN 1910 AS A DYNAMIC PROGRAM CENTER FOR THOSE INTERESTED IN WORLD CULTURE, AND HAS OVER THE YEARS PROVIDED A UNIQUE RESIDENTIAL COMMUNITY FOR TENS OF THOUSANDS OF INTERNATIONAL SCHOLARS, STUDENTS, INTERNS AND PROFESSIONAL TRAINEES AS WELL AS AMERICANS. OUR NEW SLATE OF PROGRAMS, LAUNCHED IN FY 2022, SIMILARLY CATERS TO TEMPORARY RESIDENTS OF PHILADELPHIA FROM ALL OVER THE WORLD AND AMERICANS IN OUR REGION (SEE MORE DETAILS BELOW UNDER PUBLIC SERVICES & PARTICIPATION). ALTHOUGH WE NO LONGER PROVIDE HOUSING, WE CONTINUE TO SUPPORT AND CREATE COMMUNITY FOR THESE CONSTITUENTS. IN ADDITION TO PROVIDING SERVICES FOR INDIVIDUALS IN OUR COMMUNITY, IHP ALSO PROVIDES PROGRAMS FOR (AND SEEKS SUPPORT FROM) INSTITUTIONS OF HIGHER EDUCATION AND EMPLOYERS IN THE GREATER PHILADELPHIA REGION AND BEYOND. GOVERNING BODY: IHP'S BOARD OF TRUSTEES COMPRISES PROFESSIONALS AND CIVIC LEADERS DRAWN FROM THE GREATER PHILADELPHIA REGION WHO REPRESENT A BROAD CROSS-SECTION OF OUR COMMUNITY AT LARGE, AS WELL AS REFLECTING THE CONSTITUENTS WE SERVE. BY BRINGING TOGETHER INDIVIDUALS FROM VARIOUS SECTORS (INCLUDING HEALTHCARE, GLOBAL INITIATIVES, ACADEMIA, TECHNOLOGY AND LAW), THE BOARD BENEFITS FROM A WIDER RANGE OF EXPERIENCES AND PERSPECTIVES. THE RETIRED MEMBERS OF OUR BOARD HAVE EXPERIENCE THAT SPANS DECADES AND, IN ADDITION TO THEIR PROFESSIONAL EXPERTISE, THEY BRING MUCH WISDOM AND UNIQUE PERSPECTIVES. THIS DIVERSITY HELPS IN BUILDING SUSTAINABLE RELATIONSHIPS FOR PUBLIC SUPPORT IN A VARIETY OF SECTORS. IHP'S STRATEGIC PLAN CALLS FOR THE ORGANIZATION TO FURTHER GROW AND DIVERSIFY IT'S BOARD IN COMING YEARS (BOTH IN TERMS OF PROFESSIONAL AFFILIATION AND ETHNIC BACKGROUND OR TRUSTEES). NEW CANDIDATES FOR THE BOARD ARE RECOMMENDED BY CURRENT TRUSTEES AND/OR STAFF LEADERSHIP, AND ARE VETTED BY THE BOARD'S COMMITTEES PRIOR TO OFFICIAL NOMINATION. IHP'S TRUSTEES ALL SERVE ON AT LEAST ONE COMMITTEE: 1)EXECUTIVE: THIS BOARD SUBCOMMITTEE COMPRISES THE BOARD CHAIR, VICE CHAIR, SECRETARY, AND TREASURER. 2)AUDIT AND FINANCE: THIS BOARD SUBCOMMITTEE COMPRISES EXECUTIVES/LEADERS IN THE FINANCE INDUSTRY; IT MONITORS FINANCIAL PERFORMANCE AND PROVIDES OVERSIGHT TO ENSURE WE ARE PURSUING REASONABLE PUBLIC SUPPORT GOALS. 3)PROGRAM AND DEVELOPMENT: THIS BOARD SUBCOMMITTEE COMPRISES EXECUTIVES/LEADERS IN ACADEMIA, HEALTHCARE AND BIOENGINEERING; IT ADVISES ON PROGRAM DEVELOPMENT AND ASSISTS WITH FUNDRAISING PLANNING AND EXECUTION. 4)GOVERNANCE AND STRATEGY: THIS BOARD SUBCOMMITTEE IS COMPRISES EXECUTIVES/LEADERS IN LAW, GLOBAL INITIATIVES AND TECHNOLOGY; ITS PRIMARY FOCUS IS TO INFORM THE BOARD OF LONG-TERM STRATEGIC PRIORITIES. IHP'S BOARD IS ACTIVE, AND ITS MEMBERS WORK TO ENSURE THAT THE ORGANIZATION'S INITIATIVES ALIGN WITH THE NEEDS AND EXPECTATIONS OF ALL STAKEHOLDERS, INCLUDING INTERNATIONAL STUDENTS, SCHOLARS, COLLEGES, AND EMPLOYERS IN THE PHILADELPHIA REGION AND BEYOND. IHP BOARD OF TRUSTEES LIST AND SECTOR AFFILIATION (FY 2025): NAME: GIACOMO CESAREO (BOARD CHAIR) JOB TITLE: HEAD OF ADMINISTRATION COMPANY: CI&T INDUSTRY SECTOR: INFORMATION TECHNOLOGY AND SOFTWARE DEVELOPMENT NAME: HEATHER RITCH ROCKS (BOARD SECRETARY) JOB TITLE: PARTNER COMPANY: REED SMITH LLP INDUSTRY SECTOR: LAW NAME: CHRISTER ANDRESEN (BOARD TREASURER) JOB TITLE: SENIOR CORPORATE RELATIONSHIP MANAGER COMPANY: HSBC INDUSTRY SECTOR: BANKING NAME: MARC DUEY, MSC, MBA JOB TITLE: MANAGING PARTNER COMPANY: DUCE MANAGEMENT, LLC INDUSTRY SECTOR: INVESTMENT FIRM FOCUSED ON BIOTECH AND DIGITAL HEALTH NAME: RODOLFO ALTAMIRANO, PHD JOB TITLE: EXECUTIVE DIRECTOR, ISSS COMPANY: UNIVERSITY OF PENNSYLVANIA INDUSTRY SECTOR: HIGHER EDUCATION NAME: JASON P. LISI, ESQ. JOB TITLE: FOUNDER AND CEO COMPANY: LEGAL INTERNET SOLUTIONS INCORPORATED INDUSTRY SECTOR: LAW NAME: LOUIS PADULO, PHD (RETIRED) JOB TITLE: PRESIDENT EMERITUS, UNIVERSITY PRESIDENT, DEAN, PROFESSOR COMPANY: UNIVERSITY CITY SCIENCE CENTER, BOSTON UNIVERSITY INDUSTRY SECTOR: BIOENGINEERING NAME: JOHN F SMITH, III, ESQ.(RETIRED) JOB TITLE: BOARD CHAIR EMERITUS, PARTNER COMPANY: GLOBAL PHILADELPHIA ASSOCIATION, REED SMITH LLP INDUSTRY SECTOR: LAW/GLOBAL INITIATIVES NAME: RICHARD L VEITH JOB TITLE: PENSION FUND MANAGER COMPANY: RETIRED FROM SUNOCO COMPANY, INC. INDUSTRY SECTOR: PETROLEUM PRODUCTS MANUFACTURING NAME: YELENA BARYCHEV JOB TITLE: PARTNER COMPANY: BLANK ROME LLP INDUSTRY SECTOR: FINANCE/LAW NAME: FRODE KJERSEM JOB TITLE: MANAGING DIRECTOR COMPANY: NORDIC CONSULTING INDUSTRY SECTOR: HEALTHCARE/IT NAME: IAN SLADEN JOB TITLE: SENIOR VICE PROVOST, CARER DEVELOPMENT AND GLOBAL ENGAGEMENT COMPANY: DREXEL UNIVERSITY INDUSTRY SECTOR: HIGHER EDUCATION NAME: EMILIA ZANKINA JOB TITLE: VICE PROVOST, GLOBAL ENGAGEMENT COMPANY: TEMPLE UNIVERSITY INDUSTRY SECTOR: HIGHER EDUCATION NAME: RAVID BUTZ (VICE CHAIR) JOB TITLE: FOUNDER COMPANY: CHARGE UP & GROW INDUSTRY SECTOR: STARTUP COACHING PUBLIC SERVICES & PARTICIPATION: IHP'S WORK REVOLVES AROUND FOSTERING THE SUCCESS OF INTERNATIONAL STUDENTS AND SCHOLARS IN OUR REGION, WHO ARE KEY DRIVERS OF INNOVATION AND ECONOMIC GROWTH AS WELL AS VITAL SOURCES OF TUITION REVENUE FOR OUR COLLEGES AND UNIVERSITIES. WE WORK TO MAKE PHILADELPHIA AN ATTRACTIVE STUDY DESTINATION FOR THESE STUDENTS AND SCHOLARS, TO HELP THEM INTEGRATE UPON ARRIVAL, AND TO CONNECT THEM TO HIGH-SKILL EMPLOYMENT (WHERE PERMITTED UNDER THEIR VISA STATUSES) UPON COMPLETION OF THEIR STUDIES. SINCE THE LAUNCH OF OUR NEW SLATE OF PROGRAMS IN SPRING 2022 WE HAVE WELCOMED OVER 2,833 PARTICIPANTS AT 117 EVENTS, ACTIVITIES AND WORKSHOPS WITH PARTICIPANTS INCLUDING INTERNATIONAL STUDENTS, SCHOLARS, HIGHER EDUCATION STAFF, AND GENERAL MEMBERS OF THE PUBLIC. INCLUDED BELOW ARE EXAMPLES OF OUR PROGRAMS FOR DIFFERENT CONSTITUENT GROUPS. PROGRAMS FOR ALL COMMUNITY MEMBERS INCLUDE: 1) LARGE COMMUNITY EVENTS (INCLUDING FILM SCREENINGS AND INTERCULTURAL FEASTS - APPROXIMATELY THREE EACH YEAR) PROGRAMS FOR INTERNATIONAL STUDENTS AND SCHOLARS INCLUDE: 1) MONTHLY ACTIVITIES AND MEETUPS (E.G. HIKING, GROUP TRIPS TO LOCAL CULTURAL INSTITUTIONS - APPROXIMATELY TWO EACH MONTH) 2) COMMUNITY-BUILDING EVENTS AT THE START AND END OF EACH ACADEMIC YEAR (APPROXIMATELY TWO EACH YEAR) 3) CAREER READINESS AND CONNECTION EVENTS (APPROXIMATELY TWO EACH YEAR) PROGRAMS FOR INSTITUTIONS OF HIGHER EDUCATION INCLUDE: 1) AN INTENSIVE TRAINING SERIES ON BEST PRACTICES FOR INTERNATIONAL STUDENT SUPPORT, OPEN TO UNIVERSITY STAFF AND FACULTY ACROSS THE COUNTRY (TWO COHORTS THIS YEAR) 2) RESEARCH AND ADVOCACY AROUND INTERNATIONAL STUDENT INTEGRATION AND ECONOMIC IMPACT 3) ON-CAMPUS ORIENTATION WORKSHOPS FOR NEW INTERNATIONAL STUDENTS AND SCHOLARS TO THE GR |
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| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE IHP AUDIT AND FINANCE COMMITTEE WILL REVIEW THE DRAFT OF THE 990 PRIOR TO FILING IT WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT-OF-INTEREST POLICY APPLIES TO THE BOARD, OFFICERS AND STAFF. POTENTIAL CONFLICTS ARE REPORTED TO THE BOARD CHAIR, WHO REPORTS ALL INFORMATION TO THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE WOULD MAKE THE DECISION AS TO WHETHER A CONFLICT EXISTS. IF A CONFLICT WERE TO ARISE, THE PERSON(S) IN CONFLICT WOULD ABSTAIN FROM ANY DELIBERATION OR VOTE RELATED TO THE MATTER IN CONFLICT AND/OR BE REMOVED FROM THEIR POSITION AT IHP. THE POLICY INCLUDES A PROVISION REQUIRING THAT ANY POTENTIAL CONFLICT BE IMMEDIATELY DISCLOSED. IN ADDITION, ALL THOSE COVERED BY THE CONFLICT-OF-INTEREST POLICY ANNUALLY COMPLETE A CONFLICT-OF-INTEREST DISCLOSURE FORM AND SIGN A COPY OF THE CONFLICT-OF-INTEREST POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | IT IS THE POLICY OF INTERNATIONAL HOUSE PHILADELPHIA, INC. TO PAY NO MORE THAN FAIR MARKET VALUE IN ANY FINANCIAL TRANSACTION. WHEN A TRANSACTION INVOLVES A "DISQUALIFIED PERSON", DEFINED AS ANY INDIVIDUAL WHO CAN EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE CORPORATION AT ANY TIME DURING A FIVE (5) YEAR PERIOD, IT MUST UNDERGO ADDITIONAL REVIEW AND ANALYSIS. BENEFIT TRANSACTIONS SHALL BE REVIEWED BY A COMMITTEE THAT IS DESIGNATED BY THE BOARD OF DIRECTORS OF THE CORPORATION TO REVIEW BENEFIT TRANSACTIONS. THE BOARD SHALL USE COMPARABILITY DATA PRIOR TO THE APPROVAL OF ANY COMPENSATION ARRANGEMENTS. THE DATA SHALL INCLUDE BUT IS NOT LIMITED TO INDUSTRY SURVEYS, DOCUMENTED COMPENSATION OF PEOPLE IN SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS, OR COMPENSATION STUDIES. IT IS THE RESPONSIBILITY OF THE BOARD TO ADEQUATELY DOCUMENT, PREFERABLY IN THE FORM OF MINUTES, THE BASIS FOR ITS DETERMINATION. THIS DOCUMENTATION MUST BE CONCURRENT WITH THE DECISION AND SHALL BE CREATED NO LATER THAN 60 DAYS AFTER THE COMPENSATION APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ANY REQUEST BY THE PUBLIC FOR DOCUMENTS SHOULD BE DIRECTED TO THE IHP'S BOARD CHAIR, WHO WILL PROVIDE THE REQUESTED DOCUMENTS DIGITALLY OR IN PHYSICAL COPIES, AS APPLICABLE. |
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