Asse International Inc
- Assets
- $13.3m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Laguna Beach, CA
- Founding
- 04/1976
- Data as of
- 08/2021
- EIN
- 95-3034133
Organization Overview
Asse International Inc, operating under the name Asse Int'l Student Exchange Prog, is located in Laguna Beach, CA. The organization was established in 1976. 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 08/2021, Asse Int'l Student Exchange Prog employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asse Int'l Student Exchange Prog 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 08/2021, Asse Int'l Student Exchange Prog generated $11.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $9.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PART I, LINE 1 - ASSE PROGRAMS PROMOTE INTERNATIONAL EDUCATIONAL AND CULTURAL EXCHANGE BY PROVIDING OPPORTUNITIES FOR HIGH SCHOOL STUDENTS, UNIVERSITY STUDENTS, AND YOUNG ADULTS TO SPEND SEVERAL MONTHS LIVING IN ANOTHER COUNTRY AND LEARNING THE LANGUAGE AND CULTURE OF THE HOST FAMILY, SCHOOL, AND COMMUNITY OR THE HOST EMPLOYER AND COMMUNITY. PART III, LINE 1 - "ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3)THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING YOUNG PEOPLE FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAMILY, SCHOOL AND COMMUNITY LIFE IN COUNTRIES OR REGIONS THAN THEIR OWN."
Describe the Organization's Program Activity:
Part 3 - Line 4a
INBOUND HIGH SCHOOL PROGRAMS - ASSE PROVIDES FOR INBOUND HIGH SCHOOL STUDENTS FROM OTHER COUNTRIES TO LIVE WITH A HOST FAMILY AND ATTEND A PUBLIC OR PRIVATE HIGH SCHOOL FOR AN ACADEMIC YEAR OR SEMESTER IN THE U.S.A., CANADA OR MEXICO. THE PROGRAM PROVIDES INSURANCE, ORIENTATION, INSTRUCTIONAL MATERIALS, AND LOCAL AREA REPRESENTATIVE SUPPORT.
WORK AND TRAVEL PROGRAMS - ASSE PROVIDES WORK EXPERIENCE PROGRAMS IN THE U.S.A. FOR UNIVERSITY STUDENTS AND YOUNG PROFESSIONALS FROM OTHER COUNTRIES. THESE PROGRAMS INCLUDE THE SUMMER WORK AND TRAVEL PROGRAM, THE TRAINEE PROGRAM, AND THE INTERN PROGRAM. THE DURATION OF THESE PROGRAMS CAN BE THREE MONTHS TO EIGHTEEN MONTHS.
OUTBOUND HIGH SCHOOL PROGRAMS - ASSE PROVIDES PROGRAMS FOR HIGH SCHOOL STUDENTS FROM THE U.S.A., CANADA, MEXICO AND GERMANY TO STUDY IN ANOTHER COUNTRY FOR AN ACADEMIC YEAR, SEMESTER OR SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Gustafson President An | Officer | 25 | $285,850 |
Diane Mathuny Chief Financ | Officer | 24 | $223,800 |
Fei Jiang Chief Operat | Officer | 27 | $186,160 |
Gwen Mcnallan Executive Di | Officer | 40 | $182,370 |
Peter Hayes Program Dire | 40 | $146,690 | |
Bodil Dencker Executive Vi | Officer | 24 | $109,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smart Staff Llc Job Referral | 8/30/18 | $170,700 |
Kurzban Kurzban Weinger&tetzeli Pa Legal Services | 8/30/18 | $177,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,632,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,115,260 |
| Total Program Service Revenue | $8,278,890 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $11,394,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $72,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,061,610 |
| Compensation of current officers, directors, key employees. | $529,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,220,400 |
| Pension plan accruals and contributions | $96,850 |
| Other employee benefits | $360,140 |
| Payroll taxes | $132,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,920 |
| Fees for services: Accounting | $53,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399,010 |
| Advertising and promotion | $4,330 |
| Office expenses | $71,930 |
| Information technology | $57,620 |
| Royalties | $0 |
| Occupancy | $318,160 |
| Travel | $204,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $499,960 |
| All other expenses | $32,330 |
| Total functional expenses | $9,536,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,180 |
| Savings and temporary cash investments | $10,305,480 |
| Pledges and grants receivable | $711,500 |
| Accounts receivable, net | $1,728,840 |
| 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 | $116,680 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,307,680 |
| Accounts payable and accrued expenses | $4,718,500 |
| Grants payable | $0 |
| Deferred revenue | $486,970 |
| 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 | $5,205,470 |
| Net assets without donor restrictions | $8,102,210 |
| 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 | $13,307,680 |
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 |