FOUNDATION FOR ACADEMIC CULTURAL EXCHANGE

EIN: 943029085 501(c)(3) International Affairs

RENO, NV

Total Revenue
$266,340
Total Expenses
$271,904
Total Assets
$46,820
Net Assets
$17,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NV
Principal Officer
CHRISTINE WISEMAN
Phone
7756249143
Tax Period
2019-07-01 to 2020-06-30

FOUNDATION FOR ACADEMIC CULTURAL EXCHANGE, founded in 1986, is a small nonprofit in the International Affairs sector that reported $266K in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year.

Mission

The Foundation is a nonprofit international high school student exchange organization. The goal is to promote cultural understanding between people of the United States and other countries around the world through student exchanges.

Program Service Accomplishments

Program 1
Expenses: $191,309 Revenue: $266,340

During the 2019-2020 academic school year, FACE placed 26 J1 secondary school exchange students and 6 F1 international students.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $266,334
Investment Income $6
Other Revenue $0
TOTAL REVENUE $266,340

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,049
Fundraising Expenses $0
Program Expenses $191,309
Other Expenses $200,855
TOTAL EXPENSES $271,904

Year-over-Year Comparison

2019 2018 Change
Revenue $266,340 $320,939 -0.2%
Expenses $271,904 $323,761 -0.2%
Net Income $-5,564 $-2,822 +1.0%
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
1
Independent Members
N/A
Employees
2
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
1
$54,500
Total Directors
1
$54,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE WISEMAN President & CEO 40.00
Officer Director
$54,500 $0 $54,500
RICHARD WISEMAN FORMER CEO 40.00
$11,500 $0 $11,500
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
2020 $266,340 $271,904 $46,820 $-5,564
2019 $320,939 $323,761 $132,633 $-2,822
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