University Studies Abroad Consortium
- Assets
- $40.3m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 101
- Location
- Reno, NV
- Founding
- 11/2014
- Data as of
- 05/2023
- EIN
- 46-4884633
Organization Overview
University Studies Abroad Consortium is located in Reno, NV. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 05/2023, University Studies Abroad Consortium employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Studies Abroad Consortium 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 05/2023, University Studies Abroad Consortium generated $22.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $21.3m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND ADMINISTER STUDY ABROAD PROGRAMS FOR UNIVERSITY STUDENTS WHICH (SEE SCHEDULE O) ENCOURAGE AND FACILITATE THE ACQUISITION AND USE OF FOREIGN LANGUAGES AND ACADEMIC DISCIPLINES.
Describe the Organization's Program Activity:
USAC ADMINISTERED AND FACILITATED SPECIALTY PROGRAMS FOR OVER 859 U.S. UNIVERSITY STUDENTS AT 25 SITES IN 14 FOREIGN COUNTRIES. THE PROGRAMS RANGE IN LENGTH FROM 3 WEEKS TO A FULL ACADEMIC YEAR. USAC PROGRAMS DELIVER AFFORDABLE STUDY ABROAD OPPORTUNITIES WHILE FULFILLING THE GOAL OF PROVIDING OUR STUDENTS WITH THE OPPORTUNITY TO DEVELOP THE KNOWLEDGE, INTER-CULTURAL COMPETENCIES AND SKILLS TO SUCCEED IN THE 21ST CENTURY. USAC HAS SPECIALTY PROGRAMS LOCATED IN CHILE, CHINA, COSTA RICA, CUBA, CZECH REPUBLIC, ENGLAND, FRANCE, GERMANY, INDIA, IRELAND, ITALY, SPAIN, THAILAND, URUGUAY AND VIETNAM.
USAC PARTNERED WITH OVER 25 FOREIGN UNIVERSITIES TO PROVIDE AN ACADEMIC EDUCATION AND INTERNATIONALIZATION FOR OVER 383 STUDENTS. STUDENTS PARTICIPATED IN PROGRAMS THAT RANGED IN LENGTH FROM 4 WEEKS TO A FULL ACADEMIC YEAR AT UNIVERSITIES IN AUSTRALIA, ENGLAND, IRELAND, ISRAEL, JAPAN, SOUTH KOREA, NETHERLANDS, NEW ZEALAND, PORTUGAL, SCOTLAND, SOUTH AFRICA, SWEDEN AND THAILAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlina Boteva Board Director | Trustee | 1 | $0 |
Kate Wray Chettri Board Director | Trustee | 1 | $0 |
Corrine Henke Board Director | Trustee | 1 | $0 |
Doug Lee Board Director | Trustee | 1 | $0 |
Colleen Marchwick Board Director | Trustee | 1 | $0 |
Dave Shintani Board Director | Trustee | 1 | $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 | $19,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,479 |
| Total Program Service Revenue | $21,556,373 |
| Investment income | $707,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,219 |
| 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 | $22,306,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,752 |
| Grants and other assistance to domestic individuals. | $587,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,112 |
| Compensation of current officers, directors, key employees. | $51,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,489,176 |
| Pension plan accruals and contributions | $186,484 |
| Other employee benefits | $1,374,267 |
| Payroll taxes | $316,002 |
| Fees for services: Management | $8,780 |
| Fees for services: Legal | $89,827 |
| Fees for services: Accounting | $104,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,299 |
| Fees for services: Other | $242,069 |
| Advertising and promotion | $556,522 |
| Office expenses | $650,574 |
| Information technology | $274,961 |
| Royalties | $0 |
| Occupancy | $247,627 |
| Travel | $59,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,465 |
| Interest | $15,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,777 |
| Insurance | $571,976 |
| All other expenses | $883,589 |
| Total functional expenses | $21,310,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,137,772 |
| Savings and temporary cash investments | $1,541,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,736,733 |
| 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 | $915,545 |
| Net Land, buildings, and equipment | $5,293,542 |
| Investments—publicly traded securities | $12,623,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $134,111 |
| Other assets | $930,350 |
| Total assets | $40,313,514 |
| Accounts payable and accrued expenses | $3,589,777 |
| Grants payable | $0 |
| Deferred revenue | $4,692,255 |
| 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 | $526,887 |
| Other liabilities | $1,108,457 |
| Total liabilities | $9,917,376 |
| Net assets without donor restrictions | $30,250,175 |
| Net assets with donor restrictions | $145,963 |
| 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 | $40,313,514 |