National Student Exchange Inc
- Assets
- $1.3m
- Revenue
- $475.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Ames, IA
- Founding
- 11/2018
- Data as of
- 06/2022
- EIN
- 82-2267125
Organization Overview
National Student Exchange Inc is located in Ames, IA. The organization was established in 2018. 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 06/2022, National Student Exchange Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Student Exchange 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 06/2022, National Student Exchange Inc generated $475.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $411.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATING STUDENT EXCHANGES OF UNIVERSITY-LEVEL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL STUDENT EXCHANGE, A NOT-FOR-PROFIT EDUCATION CONSORTIUM, PROVIDES AFFORDABLE AND PRACTICAL OPPORTUNITIES FOR STUDENTS ENROLLED AT MEMBER CAMPUSES TO STUDY AND LIVE IN A NEW LOCATION. NSE STUDENTS HAVE FOUND THEIR EXCHANGES CULTURALLY ENRICHING, ACADEMICALLY REWARDING, AND ONE OF THE MOST SIGNIFICANT EXPERIENCES OF THEIR UNDERGRADUATE EDUCATION. DURING 2021-2022, THE NATIONAL STUDENT EXCHANGE PLACED 1,339 STUDENTS FOR EXCHANGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Sanborn President | OfficerTrustee | 55 | $117,971 |
David Holliday Vice President | OfficerTrustee | 20 | $12,968 |
Jeffrey Simpson Chair | OfficerTrustee | 0.5 | $0 |
Corrine Henke Director | Trustee | 0.5 | $0 |
Luis Irizarry-Ramirez Assistant Dean, Intl. Relations | Trustee | 0.5 | $0 |
Erika Benhardt Lead Undergrad Advisor | Trustee | 0.5 | $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 | $1,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,425 |
| Total Program Service Revenue | $459,018 |
| Investment income | $29,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,449 |
| Compensation of current officers, directors, key employees. | $29,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,885 |
| Payroll taxes | $13,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,120 |
| Advertising and promotion | $2,003 |
| Office expenses | $30,169 |
| Information technology | $10,480 |
| Royalties | $0 |
| Occupancy | $14,146 |
| Travel | $9,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,309 |
| Insurance | $2,723 |
| All other expenses | $213 |
| Total functional expenses | $411,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,482 |
| Savings and temporary cash investments | $48,053 |
| Pledges and grants receivable | $74,064 |
| 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 | $12,151 |
| Investments—publicly traded securities | $1,029,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,346,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $149,846 |
| 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 | $149,846 |
| Net assets without donor restrictions | $1,196,665 |
| 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 | $1,346,511 |
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