Israel-America Academic Exchange
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Beverly Hills, CA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3402247
Organization Overview
Israel-America Academic Exchange is located in Beverly Hills, CA. The organization was established in 2009. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Israel-America Academic Exchange employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Israel-America Academic Exchange is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Israel-America Academic Exchange generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $756.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ISRAEL-AMERICA ACADEMIC EXCHANGE (IAAE) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE STUDY IN ISRAEL BY COLLEGE AND UNIVERSITY PROFESSORS BY PROVIDING GRANTS FOR EDUCATIONAL EXCHANGES AND TO CARRY OUT CHARITABLE, EDUCATION AND OTHER ACTIVITIES ASSOCIATED WITH THIS GOAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IAAE'S GOAL IS TO BRING DEEPENED UNDERSTANDING TO THE DISCUSSION OF ISRAEL ON CAMPUS AND IN THE HALLS OF POLICY FORMATION, BOTH IN THE UNITED STATES AND ABROAD.IN 2021, DUE TO ONGOING COVID CONCERNS, ISRAEL-AMERICA ACADEMIC EXCHANGE MOUNTED ONLY ONE MISSION TO ISRAEL FOR PROFESSORS OF INTERNATIONAL RELATIONS AND COMPARATIVE POLITICS.
IN 2021, DUE TO ONGOING COVID CONCERNS, IN LIEU OF IN-PERSON FOLLOW-UP PROGRAMMING, ISRAEL-AMERICA ACADEMIC EXCHANGE MOUNTED WEBINARS ON TOPICS OF STRATEGIC AND TIMELY IMPORTANCE, AND DISTRIBUTED UPDATED AND EXPANDED CURRICULAR AND BIBLIOGRAPHICAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Braverman Ceo/director | OfficerTrustee | 40 | $174,453 |
Judith Goldstein Director | Trustee | 5 | $4,200 |
Samuel Victor Chairman/director | OfficerTrustee | 5 | $0 |
Eric Hamermesh Cfo/director | OfficerTrustee | 10 | $0 |
Robert Mandel Secretary/director | OfficerTrustee | 5 | $0 |
Emuna Braverman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Israel Seminar Ltd Mission Support | 12/30/19 | $1,052,389 |
Sagamore Resorts Ae Retreat, Hotel, Conference Rooms, Foo | 12/30/19 | $179,121 |
Iconic Event Studios Inc Ae Retreat Coordination And Support | 12/30/19 | $113,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,040,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,292 |
| Total Program Service Revenue | $0 |
| Investment income | $10,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,081,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $261,969 |
| Compensation of current officers, directors, key employees. | $67,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,042 |
| Payroll taxes | $18,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,819 |
| Fees for services: Accounting | $33,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,229 |
| Fees for services: Other | $56,250 |
| Advertising and promotion | $0 |
| Office expenses | $19,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $244,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,938 |
| All other expenses | $0 |
| Total functional expenses | $756,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $200,592 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,632 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,601,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,379,863 |
| Accounts payable and accrued expenses | $42,523 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,523 |
| Net assets without donor restrictions | $1,937,340 |
| Net assets with donor restrictions | $400,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,379,863 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Israel-America Academic Exchange has recieved totaling $816,000.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: CONNECTIONS TO ISRAEL: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022 AND 2023 | $250,000 |
One8 Foundation Boston, MA PURPOSE: GLOBAL | $221,000 |
| $150,000 | |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $110,000 |
Klarman Family Foundation Boston, MA PURPOSE: CONNECTIONS TO ISRAEL: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022 AND 2023 | $50,000 |
| $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
India Community Center Inc Milpitas, CA | $9,157,974 | $4,442,272 |
Netfreedom Pioneers Marina Del Rey, CA | $110,658 | $2,497,553 |
Pacific American Foundation Kaneohe, HI | $2,150,270 | $2,183,484 |
Playing For Change Foundation Santa Monica, CA | $1,030,554 | $1,870,331 |
Boys & Girls Clubs Of Stanislaus County Inc Modesto, CA | $1,125,657 | $1,334,449 |
Apex Social San Clemente, CA | $1,135,098 | $1,016,198 |
Civic Leadership Usa San Mateo, CA | $148,622 | $1,659,165 |
Israel-America Academic Exchange Beverly Hills, CA | $2,379,863 | $1,081,373 |
Creative Armenia Los Angeles, CA | $356,973 | $720,785 |
Korean American Education Foundation Inc Los Angeles, CA | $3,242,762 | $526,257 |
Borderlinks Tucson, AZ | $604,759 | $422,200 |
Camp Lightbulb Incorporated Los Angeles, CA | $95,961 | $405,194 |