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Instituto Centroamericano de Administracion de Empresas

Also known as Incae

Coral Gables, FL · EIN 23-7417722 · 501(c)(3) · School
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Instituto Centroamericano de Administracion de Empresas reported $34.1 million in revenue and $34.8 million in expenses for calendar year 2024. Of every $100 it spent, $46.90 went to program services, $51.77 to management and general costs and $1.33 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.6% of the total. The highest compensation it reported for one person was $261,120 (RECTOR). 3 people received more than $100,000 in reportable compensation. Revenue fell 4% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $35M

Program services$46.90 $16M
Management & general$51.77 $18M
Fundraising$1.33 $464K

For context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $34M

Contributions & grants (non-government)$9.81 $3.4M
Program service revenue$63.63 $22M
Investment income$7.98 $2.7M
Other revenue$18.58 $6.3M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 469 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	46.9%	86.1%
Management & general Part IX 25(C) ÷ 25(A)	51.8%	8.0%
Fundraising Part IX 25(D) ÷ 25(A)	1.3%	2.6%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.14	$0.03
Contributions & grants share of revenue Part VIII 1h ÷ 12	9.8%	96.6%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	63.6%	0.0%
Highest reported compensation Part VII-A, columns D–F	$261,120	$341,362
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.75%	1.06%
People paid over $100,000 Part VII, line 2	3	10
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	21.3	7.5
Independent voting board members Part VI 1a–1b	19 of 20	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$1.6M expenses · 9.5% of program spending · revenue $2.3M

Executive degree programs approximately 222 new students and 222 graduated per year

$11M expenses · 70.2% of program spending · revenue $14M

Residential programs approximately 180 new students per year and 180 graduated per year

$3.3M expenses · 20.3% of program spending · revenue $5.2M

Executive programs approximately 125 seminar per year

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
RECTOR Director/trustee, officer, 40.00 hrs/week	$261,120	$0	$0	$261,120
DEAN Director/trustee, officer, 40.00 hrs/week	$204,000	$0	$0	$204,000
DEAN Director/trustee, officer, 40.00 hrs/week	$135,850	$0	$0	$135,850

3 people received more than $100,000 in reportable compensation from Instituto Centroamericano de Administracion de Empresas (Part VII, line 2). Compensation of current officers, directors and key employees totaled $601K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$34M	$35M	46.9%	$62M	$261,120
2023 ⓘ	$35M	$38M	42.6%	$62M	$256,000
2022 ⓘ	$29M	$34M	38.1%	$76M	$256,000
2021 ⓘ	$29M	$28M	52.4%	$81M	$259,632
2020 ⓘ	$29M	$28M	44.6%	$80M	$230,400
2019 ⓘ	$36M	$34M	50.2%	$78M	$256,000

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b20 · 19 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Instituto Centroamericano de Administracion de Empresas's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Instituto Centroamericano de Administracion de Empresas, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

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Center for International Private Enterprise
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All international, foreign affairs & national security charities · Largest charities in Florida

Questions people ask

How much of Instituto Centroamericano de Administracion de Empresas's spending goes to programs?

In calendar year 2024, Instituto Centroamericano de Administracion de Empresas reported that 46.9% of its $34.8 million in expenses went to program services, 51.8% to management and general and 1.3% to fundraising (Form 990, Part IX).

How much does Instituto Centroamericano de Administracion de Empresas pay its top executive?

The largest total compensation Instituto Centroamericano de Administracion de Empresas reported for one person in calendar year 2024 was $261,120, for the role of RECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Instituto Centroamericano de Administracion de Empresas get its money?

Of $34.1 million in revenue in calendar year 2024, 9.8% came from contributions and grants and 63.6% from program service revenue (Form 990, Part VIII).

Is Instituto Centroamericano de Administracion de Empresas a registered charity?

The IRS lists EIN 23-7417722 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202533189349302478 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202423539349300427 · read the filing
2022: Form 990 for calendar year 2022, object 202323139349301802 · read the filing
2021: Form 990 for calendar year 2021, object 202213199349304916 · read the filing
2020: Form 990 for calendar year 2020, object 202143199349318954 · read the filing
2019: Form 990 for calendar year 2019, object 202022539349301407 · read the filing

All filings for EIN 23-7417722: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.