Civic Intelligence

Foundation for Academic Cultural Exchange

990 • Fiscal year 2015 • EIN 94-3029085

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 02, 2015

Organization ProfileN/A
855 Pennsylvania DrReno, NV 89503

(775) 624-9143

Siviq Scores

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

Liabilities / Assets

88th percentile

0.72x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.33x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

65th percentile

$48,000

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

96th percentile

149%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

4.9%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$277,177

Up $165,678 (+149%) from 2014

Net Assets

Up

$77,996

Up $115,745 (+307%) from 2014

Liabilities

Up

$199,181

Up $49,933 (+33%) from 2014

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin67th percentile

Revenue

Up

$601,600

Up $28,069 (+4.9%) from 2014

Expenses

Down

$535,856

Down $100,087 (-16%) from 2014

Net Income

Up

$65,744

Up $128,156 (+205%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$300K$200K$100K$0-$100KAssets 2012: $131,329Liabilities 2012: $127,998Net Assets 2012: $3,3312012Assets 2013: $31,829Liabilities 2013: $7,166Net Assets 2013: $24,6632013Assets 2014: $111,499Liabilities 2014: $149,248Net Assets 2014: -$37,7492014Assets 2015: $277,177Liabilities 2015: $199,181Net Assets 2015: $77,9962015Assets 2016: $197,777Liabilities 2016: $159,119Net Assets 2016: $38,6582016Assets 2017: $158,715Liabilities 2017: $120,849Net Assets 2017: $37,8662017Assets 2018: $163,591Liabilities 2018: $137,835Net Assets 2018: $25,7562018Assets 2019: $132,633Liabilities 2019: $109,699Net Assets 2019: $22,9342019Assets 2020: $46,820Liabilities 2020: $29,450Net Assets 2020: $17,3702020Assets 2021: $87,863Liabilities 2021: $61,442Net Assets 2021: $26,4212021Assets 2022: $86,756Liabilities 2022: $90,806Net Assets 2022: -$4,0502022Assets 2023: $92,815Liabilities 2023: $93,254Net Assets 2023: -$4392023Assets 2024: $142,317Liabilities 2024: $126,746Net Assets 2024: $15,5712024Assets 2025: $119,823Liabilities 2025: $83,827Net Assets 2025: $35,9962025

Highlighted filing

2015

Assets$277,177
Liabilities$199,181
Net Assets$77,996
Open 2015 Filing

Operations Trend

Revenue Growth53rd percentile

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

$1.0M$500K$0-$500KRevenue 2012: $543,616Expenses 2012: $601,758Net Income 2012: -$58,1422012Revenue 2013: $814,021Expenses 2013: $792,689Net Income 2013: $21,3322013Revenue 2014: $573,531Expenses 2014: $635,943Net Income 2014: -$62,4122014Revenue 2015: $601,600Expenses 2015: $535,856Net Income 2015: $65,7442015Revenue 2016: $453,015Expenses 2016: $492,353Net Income 2016: -$39,3382016Revenue 2017: $360,679Expenses 2017: $361,471Net Income 2017: -$7922017Revenue 2018: $303,434Expenses 2018: $315,544Net Income 2018: -$12,1102018Revenue 2019: $320,939Expenses 2019: $323,761Net Income 2019: -$2,8222019Revenue 2020: $266,340Expenses 2020: $271,904Net Income 2020: -$5,5642020Revenue 2021: $85,625Expenses 2021: $76,574Net Income 2021: $9,0512021Revenue 2022: $66,994Expenses 2022: $97,465Net Income 2022: -$30,4712022Revenue 2023: $109,538Expenses 2023: $96,475Net Income 2023: $13,0632023Revenue 2024: $116,090Expenses 2024: $100,080Net Income 2024: $16,0102024Revenue 2025: $136,660Expenses 2025: $116,235Net Income 2025: $20,4252025

Highlighted filing

2015

Revenue$601,600
Expenses$535,856
Net Income$65,744
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 2, 2015
Return Version
2014v5.0
Gross Receipts
$601,600
Mission and Program Overview

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.

The Foundation for Academic Cultural Exchange (FACE) is a nonprofit international high school student exchange organization. Our goal is to promote cultural understanding between people of the United States and other countries around the world through student exchanges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,463$258,955▲ $168,492
Savings and Temporary Cash Investments$7,930$9,735▲ $1,805
Prepaid Expenses and Deferred Charges$8,112$4,656▼ $3,456
Land, Buildings, and Equipment, Net$4,994$3,817▼ $1,177
Accounts Receivable$50,000$14▼ $49,986
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$161,499$277,177▲ $115,678
Other Assets Total-$0-
Liabilities
Deferred Revenue$145,661$195,534▲ $49,873
Accounts Payable and Accrued Expenses$3,586$3,647▲ $61
Other Liabilities$1--
Total Liabilities$149,248$199,181▲ $49,933
Net Assets / Fund Balance
Unrestricted Net Assets$12,251$77,996▲ $65,745
Total Net Assets Fund Balance$12,251$77,996▲ $65,745
Total Liabilities and Net Assets / Fund Balance$161,499$277,177▲ $115,678

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,695$2,070$5,765
Other Land Buildings$122$48$170
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard WisemanPresident & CEOFT$48,000$48,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$601,595
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$65,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$601,600
Total Revenue per Audited Statements
$601,600
Total Revenue per Form 990
$601,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$466,960
Salaries, Compensation, and Employee Benefits$68,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$48,000-$48,000
Other Salaries and Wages-$16,000-$16,000
Payroll Taxes-$4,896-$4,896
Fees for Services Accounting-$4,608-$4,608
Fees for Services Legal-$3,727-$3,727
Office Expenses-$3,165-$3,165
Insurance-$2,857-$2,857
Advertising$1,884--$1,884
Other Expenses$3,458$1,848-$1,848
Depreciation Depletion-$1,177-$1,177
Total Functional Expenses$447,320$88,536$0$535,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$535,856
Total Expenses per Audited Statements$535,856
Total Expenses per Form 990$535,856
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-
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The financial statements are compiled by a Certified Public Accountant prior to filing of the Form 990.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“IRS.GOV/tax-exempt/annual reporting & filingwww2.guidestar.org”

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

“No other documents are available to the general public, except Form 990.”

Filing and Contact Details

Filer

Filer Name
Foundation for Academic Cultural
EIN
94-3029085
Phone
7756249143
Address
855 PENNSYLVANIA DR, RENO, NV 89503

Signing Officer

Name
Richard Wiseman
Title
President & CEO
Signed
2015-10-02
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Nv
Voting Board Members
1
Independent Board Members
0
Employees
2

Preparer

Firm
FSG Business Services
Address
3820 Del Amo Blvd Suite 206, Torrance, CA 90503
Preparer
Fred S Gonzalez Ea
Phone
3103715699
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“ROUNDING = $1”

Line 24A, Part IX, Form 990-other Expenses

“Total program managementarea coordinators placement fees 96,545 96,845 0 host family expenses 111,749 111,749 0student insurance epxense 40,680 40,680 0tuition expense 193,004 193,004 0 --------- -------- -------- totals 441,978 441,978 0”

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0623523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0814021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0543643
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0684346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03267128
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03695
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02070
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05765
IRS990ScheduleD/ExpensesSubtotalAmt0535856
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170
IRS990ScheduleD/RevenueSubtotalAmt0601600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03817
IRS990ScheduleD/TotalExpensesPerForm990Amt0535856
IRS990ScheduleD/TotalRevenuePerForm990Amt0601600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0601600
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0535856
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The financial statements are compiled by a Certified Public Accountant prior to filing of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IRS.GOV/tax-exempt/annual reporting & filingwww2.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents are available to the general public, except Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING = $1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOTAL PROGRAM MANAGEMENTAREA COORDINATORS PLACEMENT FEES 96,545 96,845 0 HOST FAMILY EXPENSES 111,749 111,749 0STUDENT INSURANCE EPXENSE 40,680 40,680 0TUITION EXPENSE 193,004 193,004 0 --------- -------- -------- TOTALS 441,978 441,978 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4LINE 24A, PART IX, FORM 990-OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0161499
IRS990/TotalAssetsEOYAmt0277177
IRS990/TotalAssetsGrp/BOYAmt0161499
IRS990/TotalAssetsGrp/EOYAmt0277177
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088536
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0447320
IRS990/TotalFunctionalExpensesGrp/TotalAmt0535856
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0149248
IRS990/TotalLiabilitiesEOYAmt0199181
IRS990/TotalLiabilitiesGrp/BOYAmt0149248
IRS990/TotalLiabilitiesGrp/EOYAmt0199181
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077996
IRS990/TotalProgramServiceExpensesAmt0447320
IRS990/TotalProgramServiceRevenueAmt0601595
IRS990/TotalReportableCompFromOrgAmt048000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0601600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0601600
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0161499
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0277177
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt012251
IRS990/UnrestrictedNetAssetsGrp/EOYAmt077996
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD WISEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR ACADEMIC CULTURAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCHANGE
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0943029085
ReturnHeader/Filer/PhoneNum07756249143
ReturnHeader/Filer/USAddress/AddressLine1Txt0855 PENNSYLVANIA DR
ReturnHeader/Filer/USAddress/CityNm0RENO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089503
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FSG Business Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03820 Del Amo Blvd Suite 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Torrance
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090503
ReturnHeader/PreparerPersonGrp/PhoneNum03103715699
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED S GONZALEZ EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-01T12:40:47-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$277,177
Liabilities
$199,181
Net assets
$77,996
Revenue
$601,600
Expenses
$535,856
Net income
$65,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.84$0.36$1.37$1.16$0.20
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$1.27$0.16$1.16$1.00$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.93$0.00$1.10$0.96$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.91$0.04$0.67$0.97$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.61$0.26$0.86$0.77$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.29$0.17$2.66$2.72$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$1.10$0.23$3.21$3.24$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$1.38$0.26$3.03$3.16$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.21$0.38$3.61$3.61$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$1.59$0.39$4.53$4.92$0.39
2015Detailed filing. Detailed filing data is available for this year.$2.77$1.99$0.78$6.02$5.36$0.66
2014Detailed filing. Detailed filing data is available for this year.$1.11$1.49$0.38$5.74$6.36$0.62
2013Summary only. Only limited summary data is available for this year.$0.32$0.07$0.25$8.14$7.93$0.21
2012Summary only. Only limited summary data is available for this year.$1.31$1.28$0.03$5.44$6.02$0.58