Foundation For Educational Exchange Between Canada & The U S A
- Assets
- $12.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 02/1992
- Data as of
- 08/2023
- EIN
- 98-0118943
Organization Overview
Foundation For Educational Exchange Between Canada & The U S A is located in null. The organization was established in 1992. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Educational Exchange Between Canada & The U S A 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 08/2023, Foundation For Educational Exchange Between Canada & The U S A generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.3m during the year ending 08/2023. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE UNDERSTANDING B/W CANADA & USA BY PROVIDING OPPORTUNITIES FOR EDUCATIONAL EXCHANGE FOR BOTH US AND CDN. SCHOLARS TO FACILITATE COMMUNICATIONS BETWEEN THE TWO COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED.
SEE ATTACHED.
SEE ATTACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Hawes CEO | Officer | 60 | $330,496 |
Mr Michael Parham Board Member | Trustee | 1 | $0 |
Dr Walter Schindler Board Member | Trustee | 1 | $0 |
Mr Daniel Mccarthy Board Member | Trustee | 1 | $0 |
Ms Susan L Riddell Rose Board Secretary | Trustee | 1 | $0 |
Mr Ajay Royan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,121,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,962,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,083,332 |
| Total Program Service Revenue | $0 |
| 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 | $4,096,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,467,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $753,336 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $330,496 |
| Compensation of current officers, directors, key employees. | $330,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,289 |
| Pension plan accruals and contributions | $75,133 |
| Other employee benefits | $50,792 |
| Payroll taxes | $39,704 |
| Fees for services: Management | $219,068 |
| Fees for services: Legal | $752 |
| Fees for services: Accounting | $19,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,737 |
| Office expenses | $7,498 |
| Information technology | $20,219 |
| Royalties | $0 |
| Occupancy | $122,368 |
| Travel | $134,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,000 |
| Interest | $4,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,336 |
| Insurance | $2,855 |
| All other expenses | $97,189 |
| Total functional expenses | $4,255,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,954,652 |
| Savings and temporary cash investments | $10,217,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,782 |
| 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 | $22,875 |
| Net Land, buildings, and equipment | $28,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $231,600 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,545,569 |
| Accounts payable and accrued expenses | $78,502 |
| Grants payable | $0 |
| Deferred revenue | $1,329,028 |
| 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 | $229,611 |
| Total liabilities | $1,637,141 |
| Net assets without donor restrictions | $0 |
| 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 | $10,908,428 |
| Total liabilities and net assets/fund balances | $12,545,569 |
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