Cultural Exchange Network Inc
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Cape Girardeau, MO
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 43-1743027
Organization Overview
Cultural Exchange Network Inc is located in Cape Girardeau, MO. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Cultural Exchange Network Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Exchange Network Inc 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 12/2022, Cultural Exchange Network Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL STUDENTS AND BUSINESS PROFESSIONALS HAVE THE OPPORTUNITY TO WORK, STUDY, OR TRAVEL IN THE UNITED STATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL TRAINING PROGRAM FOR BUSINESS PROFESSIONALS - PLANS AN OPPORTUNITY FOR BUSINESS PERSONS FROM ABROAD TO WORK IN THE U.S.
MAGELLAN EXCHANGE - PLANS WERE DEVELOPED WITH EUROPEAN AND U.S. INSTITUTIONS TO ALLOW STUDENTS FROM THOSE INSTITUTIONS TO STUDY AT PARTNER INSTITUTIOS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenna Keller Board Member | Trustee | 0 | $3,500 |
Odie Lingle Board Member | Trustee | 0 | $3,500 |
Jeff Baer Board Member | Trustee | 0 | $3,500 |
Margaret Needels Board Member | OfficerTrustee | 20 | $42,500 |
Paul Sander Board Member | OfficerTrustee | 20 | $42,500 |
Robyn Walker Executive Director | Officer | 40 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,344,542 |
| Investment income | $6,112 |
| 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 | $1,372,361 |
| 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. | $158,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $575,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,319 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,910 |
| Advertising and promotion | $0 |
| Office expenses | $4,752 |
| Information technology | $26,296 |
| Royalties | $0 |
| Occupancy | $34,072 |
| Travel | $45,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,934 |
| All other expenses | $156,411 |
| Total functional expenses | $1,273,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,722 |
| Savings and temporary cash investments | $615,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,224 |
| 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 | $11,474 |
| Net Land, buildings, and equipment | $13,696 |
| Investments—publicly traded securities | $1,416,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,529 |
| Other assets | $0 |
| Total assets | $2,184,817 |
| Accounts payable and accrued expenses | $292,817 |
| 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 | $292,817 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,892,000 |
| Total liabilities and net assets/fund balances | $2,184,817 |