Civic Intelligence

Forte International Exchange Association

990 • Fiscal year 2016 • EIN 52-2305779

Jan 01, 2016 to Dec 31, 2016 • Filed on May 05, 2017

Organization Profilewww.forteexchange.org

View Organization Page

7115 Leesburg PikeFalls Church, VA 22043

(703) 237-1688

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

30th percentile

-4.5%

Higher net margin than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

36th percentile

-1.7%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

1.1%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets28th percentile

Assets

Down

$2,895,372

Down $51,277 (-1.7%) from 2015

Net Assets

Down

$2,852,717

Down $93,932 (-3.2%) from 2015

Liabilities

Up

$42,655

Up $42,655 from 2015

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin30th percentile

Revenue

Up

$2,083,855

Up $22,138 (+1.1%) from 2015

Expenses

Up

$2,177,787

Up $140,636 (+6.9%) from 2015

Net Income

Down

-$93,932

Down $118,498 (-482%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,510,649Liabilities 2011: $12,639Net Assets 2011: $1,498,0102011Assets 2012: $1,769,579Liabilities 2012: $22,000Net Assets 2012: $1,747,5792012Assets 2013: $2,304,526Liabilities 2013: $108,289Net Assets 2013: $2,196,2372013Assets 2014: $3,032,429Liabilities 2014: $110,346Net Assets 2014: $2,922,0832014Assets 2015: $2,946,649Liabilities 2015: $0Net Assets 2015: $2,946,6492015Assets 2016: $2,895,372Liabilities 2016: $42,655Net Assets 2016: $2,852,7172016Assets 2017: $3,190,480Liabilities 2017: $122,008Net Assets 2017: $3,068,4722017Assets 2018: $3,205,400Liabilities 2018: $122,004Net Assets 2018: $3,083,3962018Assets 2019: $3,407,877Liabilities 2019: $55,840Net Assets 2019: $3,352,0372019Assets 2020: $3,253,018Liabilities 2020: $0Net Assets 2020: $3,253,0182020Assets 2021: $3,742,967Liabilities 2021: $0Net Assets 2021: $3,742,9672021Assets 2022: $4,095,377Liabilities 2022: $0Net Assets 2022: $4,095,3772022Assets 2023: $4,301,027Liabilities 2023: $0Net Assets 2023: $4,301,0272023Assets 2024: $4,763,589Liabilities 2024: $0Net Assets 2024: $4,763,5892024

Highlighted filing

2016

Assets$2,895,372
Liabilities$42,655
Net Assets$2,852,717
Open 2016 Filing

Operations Trend

Revenue Growth45th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,418,422Expenses 2011: $2,075,972Net Income 2011: $342,4502011Expenses 2012: $2,253,9182012Revenue 2013: $2,558,070Expenses 2013: $2,109,412Net Income 2013: $448,6582013Revenue 2014: $2,916,143Expenses 2014: $2,190,297Net Income 2014: $725,8462014Revenue 2015: $2,061,717Expenses 2015: $2,037,151Net Income 2015: $24,5662015Revenue 2016: $2,083,855Expenses 2016: $2,177,787Net Income 2016: -$93,9322016Revenue 2017: $2,784,534Expenses 2017: $2,568,779Net Income 2017: $215,7552017Revenue 2018: $1,940,331Expenses 2018: $1,925,407Net Income 2018: $14,9242018Revenue 2019: $2,462,228Expenses 2019: $2,193,587Net Income 2019: $268,6412019Revenue 2020: $963,053Expenses 2020: $1,062,072Net Income 2020: -$99,0192020Revenue 2021: $1,490,685Expenses 2021: $1,000,736Net Income 2021: $489,9492021Revenue 2022: $1,812,811Expenses 2022: $1,460,401Net Income 2022: $352,4102022Revenue 2023: $1,471,921Expenses 2023: $1,266,271Net Income 2023: $205,6502023Revenue 2024: $1,988,679Expenses 2024: $1,526,117Net Income 2024: $462,5622024

Highlighted filing

2016

Revenue$2,083,855
Expenses$2,177,787
Net Income-$93,932
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 5, 2017
Return Version
2016v3.0
Gross Receipts
$2,083,855
Mission and Program Overview

Mission

Designated by U.S. State Department to promote cultural exchange among young students from different countries. Provide training and professional visits for groups from foreign countries in order to promote mutual understanding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$24,566$2,945,599▲ $2,921,033
Savings and Temporary Cash Investments$2,758,389$2,868,876▲ $110,487
Accounts Receivable$95,113--
Land, Buildings, and Equipment, Net$93,147$26,496▼ $66,651
Cap Stk Tr Prin Current Funds$1,050$1,050→ $0
Rtn Earn Endowment Incm Other Fnds$2,921,033$-93,932▼ $3,014,965
Total Assets$2,946,649$2,895,372▼ $51,277
Liabilities
Accounts Payable and Accrued Expenses-$42,655-
Total Liabilities$0$42,655▲ $42,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,946,649$2,852,717▼ $93,932
Total Liabilities and Net Assets / Fund Balance$2,946,649$2,895,372▼ $51,277

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,496$114,563$141,059
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleBaseTotal
Mubiao ChenPresident$120,000$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,079,270
Investment Income
$4,585
Other Revenue
$0
Change in Net Assets
$-93,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,083,855
Total Revenue per Audited Statements
$2,083,855
Total Revenue per Form 990
$2,083,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,526,670
Salaries, Compensation, and Employee Benefits$651,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$477,500-$477,500
Other Expenses$72,858$206,037-$206,037
Current Officers, Directors, Trustees, and Key Employees-$120,000-$120,000
Occupancy-$97,262-$97,262
Office Expenses-$48,644-$48,644
Payroll Taxes-$36,528-$36,528
Depreciation Depletion-$18,730-$18,730
Other Employee Benefits-$17,089-$17,089
Advertising-$6,142-$6,142
Fees for Services Legal-$5,405-$5,405
Insurance-$3,239-$3,239
Fees for Services Accounting-$1,550-$1,550
Total Functional Expenses$1,139,661$1,038,126$0$2,177,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,177,787
Total Expenses per Audited Statements$2,177,787
Total Expenses per Form 990$2,177,787
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990 governing body review Part VI line 11

“Copies are distributed and reviewed to governing body before filing”

Governing documents etc available to public Part VI line 19

“Governing documents, financial statements, and other policies are available upon request through contacting the association at the information listed on part vi, line 20.”

Filing and Contact Details

Filer

Filer Name
Forte International Exchange Association
EIN
52-2305779
Address
7115 LEESBURG PIKE, Falls Church, VA 22043

Signing Officer

Name
Mubiao Chen
Title
President
Phone
7032371688
Signed
2017-05-05
Discuss with paid preparer
No

Organization Details

Formed
2001
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
13
Volunteers
480

Preparer

Firm
Wang & Associates Cpas
Address
606 7TH ST SW, Washington, DC 20024
Preparer
Neng-hsiang Wang
Phone
2024790744
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalLiabilitiesEOYAmt042655
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt042655
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02946649
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02852717
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01139661
IRS990/TotalProgramServiceRevenueAmt02079270
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02083855
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02083855
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0480
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02946649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02895372
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0http://www.forteexchange.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MUBIAO CHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07032371688
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORTE INTERNATIONAL EXCHANGE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0522305779
ReturnHeader/Filer/USAddress/AddressLine1Txt07115 LEESBURG PIKE
ReturnHeader/Filer/USAddress/CityNm0Falls Church
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022043
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07CBACCDDF61E9ED84BCF9B8B51DB998ED673B1E1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07CBACCDDF61E9ED84BCF9B8B51DB998ED673B1E1
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07800942017132vaz4zvv
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-05-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.163.191.38
ReturnHeader/FilingSecurityInformation/IPDt02017-05-12
ReturnHeader/FilingSecurityInformation/IPTm010:40:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521357326
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WANG & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0606 7TH ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020024
ReturnHeader/PreparerPersonGrp/PhoneNum02024790744
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NENG-HSIANG WANG
ReturnHeader/ReturnTs02017-05-11T16:01:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,895,372
Liabilities
$42,655
Net assets
$2,852,717
Revenue
$2,083,855
Expenses
$2,177,787
Net income
-$93,932
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$1.99$1.53$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$0.00$4.30$1.47$1.27$0.21
2022Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$1.81$1.46$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.00$3.74$1.49$1.00$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.00$3.25$0.96$1.06$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$0.06$3.35$2.46$2.19$0.27
2018Detailed filing. Detailed filing data is available for this year.$3.21$0.12$3.08$1.94$1.93$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.19$0.12$3.07$2.78$2.57$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.90$0.04$2.85$2.08$2.18$0.09
2015Summary only. Only limited summary data is available for this year.$2.95$0.00$2.95$2.06$2.04$0.02
2014Summary only. Only limited summary data is available for this year.$3.03$0.11$2.92$2.92$2.19$0.73
2013Summary only. Only limited summary data is available for this year.$2.30$0.11$2.20$2.56$2.11$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.02$1.75$2.25
2011Summary only. Only limited summary data is available for this year.$1.51$0.01$1.50$2.42$2.08$0.34