Council For Educational Travel
- Assets
- $1.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 87
- Location
- Grand Rapids, MI
- Founding
- 02/1996
- Data as of
- 08/2020
- EIN
- 33-0660845
Organization Overview
Council For Educational Travel is located in Grand Rapids, MI. The organization was established in 1996. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 08/2020, Council For Educational Travel employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Educational Travel 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 08/2020, Council For Educational Travel generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $5.1m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE INTERNATIONAL STUDENT TRAVEL & CULTURAL EXCHANGE TO THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 1,800 FOREIGN EXCHANGE STUDENTS WERE PLACED IN ACADEMIC YEAR PROGRAMS AND TRAINEE / INTERNSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Watson Secretary | OfficerTrustee | 2 | $2,000 |
Kenneth Christian Treasurer | OfficerTrustee | 2 | $2,000 |
Tom Ericsson Vice Chair | Trustee | 2 | $2,000 |
Mary Hanlon Chair | OfficerTrustee | 15 | $57,750 |
Kim Carter Executive Director | Officer | 40 | $134,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $527 |
| 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 | $4,405,172 |
| Statement of Expenses | |
|---|---|
| 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. | $197,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,947,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $376,259 |
| Payroll taxes | $179,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $255,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,965 |
| Advertising and promotion | $7,097 |
| Office expenses | $64,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,275 |
| Travel | $71,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,834 |
| Insurance | $172,211 |
| All other expenses | $0 |
| Total functional expenses | $5,132,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $14,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,160 |
| Total assets | $1,840,735 |
| Accounts payable and accrued expenses | $379,548 |
| Grants payable | $0 |
| Deferred revenue | $181,118 |
| 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 | $772,730 |
| Other liabilities | $173,602 |
| Total liabilities | $1,506,998 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $333,737 |