Civic Intelligence

Foundation for International Education

990 • Fiscal year 2014 • EIN 52-1882305

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

20 Vesey StreetNew York, NY 10007

(212) 513-0719

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

0.17x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

33rd percentile

-0.4%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

13th percentile

$31,508

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

96th percentile

65%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,126,077

Up $838,754 (+65%) from 2013

Net Assets

Down

$68,069

Down $239,920 (-78%) from 2013

Liabilities

Up

$2,058,008

Up $1,078,674 (+110%) from 2013

Revenue

Up

$12,365,733

Up $1,796,246 (+17%) from 2013

Expenses

Up

$12,409,295

Up $1,841,254 (+17%) from 2013

Net Income

Down

-$43,562

Down $45,008 (-3113%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $447,462Liabilities 2010: $138,153Net Assets 2010: $309,3092010Assets 2011: $1,014,687Liabilities 2011: $633,777Net Assets 2011: $380,9102011Assets 2012: $1,256,708Liabilities 2012: $950,164Net Assets 2012: $306,5442012Assets 2013: $1,287,323Liabilities 2013: $979,334Net Assets 2013: $307,9892013Assets 2014: $2,126,077Liabilities 2014: $2,058,008Net Assets 2014: $68,0692014Assets 2015: $141,832Liabilities 2015: $3,400Net Assets 2015: $138,4322015Assets 2016: $89,521Liabilities 2016: $0Net Assets 2016: $89,5212016Assets 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$2,126,077
Liabilities$2,058,008
Net Assets$68,069

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $7,061,343Expenses 2010: $7,013,065Net Income 2010: $48,2782010Revenue 2011: $9,286,415Expenses 2011: $9,204,632Net Income 2011: $81,7832011Expenses 2012: $9,412,7382012Revenue 2013: $10,569,487Expenses 2013: $10,568,041Net Income 2013: $1,4462013Revenue 2014: $12,365,733Expenses 2014: $12,409,295Net Income 2014: -$43,5622014Revenue 2015: $12,978,018Expenses 2015: $12,907,654Net Income 2015: $70,3642015Revenue 2016: $2Expenses 2016: $48,913Net Income 2016: -$48,9112016Revenue 2017: $25,781Expenses 2017: $115,302Net Income 2017: -$89,5212017

Highlighted filing

2014

Revenue$12,365,733
Expenses$12,409,295
Net Income-$43,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$12,365,733
Mission and Program Overview

Mission

Study abroad and in the United States for high school students and teachers.

Study abroad and in New York City for high school students and teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,258,858$1,541,808▲ $282,950
Prepaid Expenses and Deferred Charges$28,415$584,269▲ $555,854
Accounts Receivable$50$0▼ $50
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,287,323$2,126,077▲ $838,754
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$777,704$1,866,829▲ $1,089,125
Deferred Revenue$201,630$191,178▼ $10,452
Other Liabilities-$1-
Total Liabilities$979,334$2,058,008▲ $1,078,674
Net Assets / Fund Balance
Unrestricted Net Assets$307,989$68,069▼ $239,920
Total Net Assets Fund Balance$307,989$68,069▼ $239,920
Total Liabilities and Net Assets / Fund Balance$1,287,323$2,126,077▲ $838,754

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,769$6,769
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David M TangExecutive DirecPT$31,508$31,508

Board Members and Trustees

NameTitle
James J McGuirePresident
Anthea V VanechDirector
Richard B MorrowDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Oxbridge Academic Resources LtdMgt Fees, Reimb Exp49 W 45 Street 12 Fl, Ny, NY 10036$8,085,396
Oxbridge Academic Resources LLCMgt Fees, Reimb Exp49 W 45 St 12 FL, New York, NY 10036$665,586
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,310,182
Investment Income
$2,338
Other Revenue
$53,213
Change in Net Assets
$-43,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,558,547
Grants and Similar Amounts Paid$819,240
Salaries, Compensation, and Employee Benefits$31,508
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$3,182,376--$3,182,376
Grants to Domestic Individuals$819,240--$819,240
Other Expenses$8,231,714$86,630-$86,630
Fees for Services Legal-$45,764-$45,764
Current Officers, Directors, Trustees, and Key Employees-$31,508-$31,508
Fees for Services Accounting-$6,962-$6,962
Insurance-$4,172-$4,172
Office Expenses-$929-$929
Total Functional Expenses$12,233,330$175,965$0$12,409,295
International Activity

International Summary

Employees
5
Spending
$3,826,600

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Oxford/Cambridge EnglandProgram Services - Conduct summer educational and cultural programs in Cambridge, England and OxfordManage 6 summer educational and cultural programs in England01$2,967,322
Paris, FranceEducational summ programsManage 2 Summer Programs01$425,600
Barcelona, SpainSummer Educational ProgramManage 1 Educ program01$250,846
Montpellier, FranceEduc Summer ProgramManage 1 Summer Program01$109,871
Salamanca, SpainEduc Summer ProgramManage 1 Summer Program01$72,961
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

1. Three new academic summer programs were added to FIE's program roster: L'Academie de France in Montpellier, France; La Academia de Espana in Salamanca, Spain and La Acadamia de Barcelona in Barcelona, Spain.2. Oxbridge Academic Resources, Ltd. was sold on 10/30/14 and is no longer managing FIE's academic programs. The sucessor company is Oxbridge Academic Resources, LLC. A new management contract is in place for the new company.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is provided to the President and Executive Director prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are disclosed upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for International Education
EIN
52-1882305
Phone
2125130719
Address
20 Vesey Street, New York, NY 10007

Signing Officer

Name
David Tang
Title
Executive Director
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Meryl M Glovin CPA
Address
20 Vesey Street Suite 410, New York, NY 10007
Preparer
Meryl M Glovin
Phone
2125130719
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Three new programs were added in 2014: L'Academie de France in Montpellier, France; La Academia de Salamanca in Salamanca, Spain and La Academia de Barcelona in Barcelona, Spain.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Cambridge Tradition - 279 student participants - a residential foreign study program in Cambridge, England for high school students. OTHER PROGRAM SERVICES 5: Cambridge Teacher Seminar - 26 participants - a series of residential seminars at Cambridge, England designed for education, training, cultural enrichment and professional development of school teachers. OTHER PROGRAM SERVICES 6: Oxford Prep - 188 student participants - a residential foreign study program in Oxford, England for 8th and 9th grade students. OTHER PROGRAM SERVICES 7: Academie de Paris - 155 student participants - a residential foreign study program for high school students in Paris, France. OTHER PROGRAM SERVICES 8: New York College Experience - 141 student participants - a residential foreign study program for high school students in New York City. OTHER PROGRAM SERVICES 9: L'Academie de France - 59 student participants - a residential foriegn study program in Montpellier, France for high school students. OTHER PROGRAM SERVICES 10: La Academia de Espana - 55 student participants - a residential foreign study program in Salamanca, Spain for high school students OTHER PROGRAM SERVICES 11: La Academia de Barcelona - 90 student participants - a residential foreign study program in Barcelona, Spain for high school students. OTHER PROGRAM SERVICES 12: Paris Teachers Seminar - 16 participants - a series of residential seminars in Paris, France designed for education, training, cultural enrichment and professional development of school teachers.

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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02157600
IRS990/ProgSrvcAccomActy3Grp/Desc0Oxford Prep - 188 student participants - a residential foreign study program in Oxford, England for 8th and 9th grade students.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01304924
IRS990/ProgSrvcAccomActy3Grp/GrantAmt053068
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01421321
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IRS990ScheduleA/InvestmentIncomeCYPct00.00080
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1425600
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2109871
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Oxford/Cambridge England
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Paris, France
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Montpellier, France
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Salamanca, Spain
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4Barcelona, Spain
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Manage 6 summer educational and cultural programs in England
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Manage 2 Summer Programs
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Manage 1 Summer Program
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3Manage 1 Summer Program
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4Manage 1 Educ program
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services - Conduct summer educational and cultural programs in Cambridge, England and Oxford
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Educational summ programs
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Educ Summer Program
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Educ Summer Program
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Oxford Tradition Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Cambridge Tradition Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Oxford Prep Experience Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Cambridge Prep Experience Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4Oxford Teachers Seminar Fellowship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5Cambridge Teachers Seminar Fellowship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6NY College Experience
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt7L'Academie de Paris
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt8L'Academie de France
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt9La Academia de Espana
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt10La Academia de Barcelona
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt11Paris Teachers Seminar
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt064472
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt174660
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt253068
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt3100325
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt431475
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt510290

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