Foundation For Academic Cultural Exchange
- Assets
- $86.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Reno, NV
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 94-3029085
Organization Overview
Foundation For Academic Cultural Exchange is located in Reno, NV. The organization was established in 1988. 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. As of 06/2022, Foundation For Academic Cultural Exchange employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Academic 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 06/2022, Foundation For Academic Cultural Exchange generated $67.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $97.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
DURING THE 2021-2022 ACADEMIC SCHOOL YEAR, FACE PLACED 12 J1 SECONDARY SCHOOL EXCHANGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Wiseman President & CEO | OfficerTrustee | 40 | $54,500 |
Richard Wiseman Former CEO | 40 | $11,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,993 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,994 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,672 |
| Professional fees and other payments to independent contractors | $5,376 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,417 |
| Total expenses | $97,465 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,756 |
| Other assets | $0 |
| Total assets | $86,756 |
| Total liabilities | $90,806 |
| Net assets or fund balances | -$4,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asse International Inc Laguna Beach, CA | $13,307,680 | $11,394,150 |
Cultural Homestay International San Rafael, CA | $8,209,309 | $6,578,912 |
Tsinghua Education Foundation N A Inc Milpitas, CA | $116,655,625 | $26,673,900 |
International Cultural Exchange Services Inc Henderson, NV | $6,059,085 | $6,192,955 |
Students International Visalia, CA | $3,803,610 | $5,517,507 |
Global Citizen Year Incorporated Oakland, CA | $3,142,246 | $4,153,103 |
Ayusa International San Francisco, CA | $2,562,427 | $4,128,665 |
Education Travel & Culture Inc Portland, OR | $4,814,331 | $3,413,705 |
Sts Foundation Laguna Beach, CA | $573,475 | $1,659,006 |
International Cultural Exchange Organization Inc Folsom, CA | $3,995,033 | $1,863,146 |
Institute Of Global Exchange Inc Torrance, CA | $451,533 | $1,176,091 |
Amity Institute Ltd San Diego, CA | $1,222,471 | $682,814 |