New World Academic And Cultural Exchange
- Assets
- $2.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Collegeville, PA
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 45-1045150
Organization Overview
New World Academic And Cultural Exchange is located in Collegeville, PA. The organization was established in 2011. 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. New World Academic And 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, New World Academic And Cultural Exchange generated $3.2k 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 (44.2%) each year. All expenses for the organization totaled $1.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (51.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TUITION/FEES, HEALTH INSURANCE, AND SOME STUDENT ACTIVITIES ROM REVENUE. STUDENT TUITION/FEE EXPENSE PAID TO THE NON-PROFIT AND PRIVATE SCHOOLS REPRESENTS 90% OF TOTAL EXPENSES PAID BY NWACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Smallwood Chairman/president | 12 | $0 | |
David Rauzino Secretary/treasurer | 4 | $0 | |
Charles Trautman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,850 |
| Total Revenue | $3,150 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $653 |
| Printing, publications, postage, and shipping | $209 |
| Other expenses | $335 |
| Total expenses | $1,197 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,380 |
| Other assets | $0 |
| Total assets | $2,380 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,380 |