Academic Foundation For International Cultural Exchange
- Assets
- $74.5k
- Revenue
- $133.4k
- Investments
- $0.0
- Employees
- 1
- Location
- La Jolla, CA
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 43-2041133
Organization Overview
Academic Foundation For International Cultural Exchange, operating under the name Cultural Exchange, is located in La Jolla, CA. The organization was established in 2004. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural 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 12/2023, Cultural Exchange generated $133.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $239.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROMOTE INTERNATIONAL UNDERSTANDING, HEIGHTEN CULTURAL AWARENESS, AND PROMOTE GLOBAL PEACE BY FACILITATING OPPORTUNITIES FOR SECONDARY SCHOOL STUDENTS TO LIVE AND ATTEND SCHOOL IN ANOTHER COUNTRY AS A MEMBER OF A LOCAL FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WAS PARTICIPATION FROM SEVERAL COUNTRIES THROUGHOUT THE WORLD, WHERE STUDENTS SHARED THEIR CULTURE WITH THEIR AMERICAN HOST PARENTS WHILE LEARNING FIRST HAND ABOUT LIFE IN THE U.S. MANY STUDENTS PARTICIPATED IN CROSS-CULTURAL ACTIVITIES AND VISITED SITES OF CULTURAL SIGNIFICANCE HERE IN THE U.S.
THERE WAS PARTICIPATION FROM SEVERAL COUNTRIES THROUGHOUT THE WORLD, WHERE STUDENTS SHARED THEIR CULTURE WITH THEIR AMERICAN HOST PARENTS WHILE LEARNING FIRST HAND ABOUT LIFE IN THE U.S. MANY STUDENTS PARTICIPATED IN CROSS-CULTURAL ACTIVITIES AND VISITED SITES OF CULTURAL SIGNIFICANCE HERE IN THE U.S.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Ring President | OfficerTrustee | 40 | $100,000 |
Annemarie Donaker Director | Trustee | 15 | $14,400 |
Jason Knapp Director | Trustee | 0.25 | $0 |
Mark Yturralde Director | Trustee | 0.25 | $0 |
Heidi Evans Treasurer | Trustee | 0.25 | $0 |
Toroshinia Kennedy Secretary | Trustee | 0.25 | $0 |
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 | $20,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,041 |
| Total Program Service Revenue | $113,316 |
| Investment income | $14 |
| 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 | $133,371 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,652 |
| Office expenses | $2,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,187 |
| All other expenses | $13,308 |
| Total functional expenses | $239,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,464 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $74,464 |
| Accounts payable and accrued expenses | $0 |
| 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 | $155,891 |
| Secured mortgages and notes payable | $415,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $571,291 |
| Net assets without donor restrictions | -$496,827 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $74,464 |