ISU is a non-profit association with stakeholders, but not shareholders. Our parents, by enrolling their children at ISU, become members of the Association of the International School of Ulaanbaatar. This Association elects a Board of Trustees which works for the community to ensure the long-term vision and financial sustainability of the school. The Board also appoints the Director who runs the school.
Who are the Board of Trustees?
They are a group of people who:
- are elected by the parents of ISU
- have a commitment to serving the ISU community and to governance issues
- are dedicated to providing the best educational environment for the students at ISU
- are keen to be involved and help guide the direction of ISU
- are willing to give up some time to work on behalf of all the parents of ISU students
- dedicate their time and efforts to do such work without compensation
What is involved in being an ISU Board Member?
- Reading and understanding the Articles of Association for ISU.
- Being committed to work for the best interests of all students at ISU with the focus on improving student learning and not for your own individual interests.
- Being willing to be a ‘big picture’ person and leaving the day-to-day running of the school to the Director.
- Spending 1.5 hours each month, during a Thursday lunchtime to attend Board meetings (all meeting dates are published 12 months in advance so that Board members know what the commitments are for the coming year.)
- Contributing some more time on committee work as directed by the Board.
- Reading all the meeting correspondence before meetings and being prepared to participate actively in the meeting.
- Helping parents by listening and guiding all parental concerns and queries to the Board Chair or School Director.
Why is ISU so expensive?
As mentioned in this page, ISU is registered as a non-profit, non-governmental organization (NGO). We are not a private business with a profit motive. So where do our fees go?
All of our money is spent on teachers, on teaching and learning resources and on the development and upkeep of our facilities. More specifically, we spend tuition income on:
- Recruiting from the global marketplace for internationally-qualified and experienced teachers to come and live in Mongolia. This assures our students of high-quality, English-language instruction.
- Maintaining, replacing, improving and expanding our school facilities.
- Ensuring that all of our teachers are trained in the programmes and methods of the IB, and that they are up to date with the latest educational research through their professional development.
- Paying membership dues for the International Baccalaureate (IB), our accrediting agencies (CIS, NEASC), and various other international organizations that recognize and support accredited schools (EARCOS, ACAMIS, AISH, AAIE, etc...).
- Importing teaching materials and resources from abroad.
- Administering and running an well-respected, internationally-accredited school (this includes everything from internet access, to printing and photocopying, from air filtration systems to on-site medical care.
Please note that our accounts are audited annually by a respected firm and using the highest international standards, and the results of that audit are presented to our members at the Annual General Meeting of our Association, hosted by our Board of Trustees.