text: The International Olympic Committee ( IOC ) is an international corporation based in Lausanne , Switzerland , created by Pierre de Coubertin on 23 June 1894 with Demetrios Vikelas as its first president .
simplified: The International Olympic Committee is an organization based in Lausanne , Switzerland , created by Pierre de Coubertin and Demetrios Vikelas on June 23 1894 to reinstate the Ancient Olympic Games held in Greece between 776 BC to 396 AD .