INTERCULTURAL OPEN UNIVERSITY FOUNDATION

EIN: 271289218 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$5,664
Total Expenses
$33,200
Total Assets
$134,741
Net Assets
$134,741
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DE
Principal Officer
SANDRA HURLONG
Phone
3023521733
Tax Period
2023-01-01 to 2023-12-31

INTERCULTURAL OPEN UNIVERSITY FOUNDATION, founded in 2009, is a micro nonprofit in the Education sector that reported $6K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $33K exceeded revenue, resulting in a 486% operating deficit.

Mission

A Charitable Foundation for Education and Social Change in Consortium with the Universidad Azteca and the Universidad Central de Nicaragua. Accredited Dual Degree Masters and PhD Programs in Social Change and Sustainability designed to accommodate working adults in a personalized, mentored educational experience for graduate learners.

Program Service Accomplishments

Program 1

Accredited Dual Degree Masters and PhD Programs in Social Change and Sustainability designed to accommodate working adults in a personalized, mentored educational experience for graduate learners.

Program 2
Expenses: $9,567

CONTRIBUTION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,058
Program Service Revenue $0
Investment Income $606
Other Revenue $0
TOTAL REVENUE $5,664

Expense Breakdown

Grants Paid $9,567
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,567
Other Expenses $23,633
TOTAL EXPENSES $33,200

Year-over-Year Comparison

2023 2022 Change
Revenue $5,664 $6,939 -0.2%
Expenses $33,200 $39,823 -0.2%
Net Income $-27,536 $-32,884 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
4
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA HURLONG PRESIDENT CHAIR 020.00
Officer Director
$0 $0 $0
JOHN M TOOTHMAN VICE CHAIR 020.00
Officer Director
$0 $0 $0
SOHAN L GANDHI TREASURER 010.00
Director Key Emp
$0 $0 $0
MUNEO YOSHILAWA SECRETARY 010.00
Director Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,664 $33,200 $134,741 $-27,536
2022 $6,939 $39,823 $162,277 $-32,884
2021 $8,759 $36,403 $195,161 $-27,644
2020 $2,506 $17,857 $222,805 $-15,351
2019 $4,767 $18,467 $238,156 $-13,700
2018 $12,304 $15,543 $255,912 $-3,239
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