Foundation For Academic Cultural Exchange
- Assets
- $142.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Reno, NV
- Founding
- 08/1988
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Foundation For Academic Cultural Exchange generated $116.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $100.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
FACE SPONSORED A TOTAL OF 11 PARTICIPANTS.ALL WERE 10-MONTH ACADEMIC YEAR STUDENTS AND WERE FROMFOUR COUNTRIES HOSTED BY FAMILIES IN SEVEN STATES.
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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 | $116,076 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,213 |
| Professional fees and other payments to independent contractors | $4,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,167 |
| Total expenses | $100,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,317 |
| Other assets | $0 |
| Total assets | $142,317 |
| Total liabilities | $126,746 |
| Net assets or fund balances | $15,571 |