Civic Intelligence

Foundation for Academic Cultural Exchange

990 • Fiscal year 2017 • EIN 94-3029085

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 25, 2017

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

92nd percentile

0.76x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

40th percentile

-0.2%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

87th percentile

$32,460

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-20%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$158,715

Down $39,062 (-20%) from 2016

Net Assets

Down

$37,866

Down $792 (-2.0%) from 2016

Liabilities

Down

$120,849

Down $38,270 (-24%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin40th percentile

Revenue

Down

$360,679

Down $92,336 (-20%) from 2016

Expenses

Down

$361,471

Down $130,882 (-27%) from 2016

Net Income

Up

-$792

Up $38,546 (+98%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2017

Assets$158,715
Liabilities$120,849
Net Assets$37,866
Open 2017 Filing

Operations Trend

Revenue Growth23rd 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

2017

Revenue$360,679
Expenses$361,471
Net Income-$792
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 25, 2017
Return Version
2016v3.0
Gross Receipts
$360,679
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$180,759$140,783▼ $39,976
Savings and Temporary Cash Investments$11,540$13,346▲ $1,806
Prepaid Expenses and Deferred Charges$2,823$3,123▲ $300
Land, Buildings, and Equipment, Net$2,640$1,463▼ $1,177
Accounts Receivable$15$0▼ $15
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$197,777$158,715▼ $39,062
Other Assets Total-$0-
Liabilities
Deferred Revenue$152,627$117,852▼ $34,775
Accounts Payable and Accrued Expenses$6,492$2,997▼ $3,495
Total Liabilities$159,119$120,849▼ $38,270
Net Assets / Fund Balance
Unrestricted Net Assets$38,658$37,866▼ $792
Total Net Assets Fund Balance$38,658$37,866▼ $792
Total Liabilities and Net Assets / Fund Balance$197,777$158,715▼ $39,062

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,389$4,376$5,765
Other Land Buildings$74$96$170
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard WisemanPresident & CEOFT$32,460$32,460
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$360,673
Investment Income
$6
Other Revenue
$0
Change in Net Assets
$-792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,963
Salaries, Compensation, and Employee Benefits$77,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$39,540-$39,540
Current Officers, Directors, Trustees, and Key Employees-$32,460-$32,460
Fees for Services Legal$3,453$7,986-$11,439
Travel$6,512--$6,512
Payroll Taxes-$5,508-$5,508
Fees for Services Accounting-$3,819-$3,819
Office Expenses-$1,351-$1,351
Depreciation Depletion-$1,177-$1,177
Advertising$868--$868
Other Expenses$255,688$760-$760
All Other Expenses-$721-$721
Total Functional Expenses$266,521$94,950$0$361,471
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
2017-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Wiseman
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

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

“Total program managementarea coordinators placement fees $82260 $82260 0 host family expenses 27508 27508 0student insurance epxense 27734 27734 0tuition expense 118186 118186 0 --------- -------- -------- totals $255688 $255688 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt01389
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04376
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05765
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01463
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/ExplanationTxt3TOTAL PROGRAM MANAGEMENTAREA COORDINATORS PLACEMENT FEES $82260 $82260 0 HOST FAMILY EXPENSES 27508 27508 0STUDENT INSURANCE EPXENSE 27734 27734 0TUITION EXPENSE 118186 118186 0 --------- -------- -------- TOTALS $255688 $255688 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/FormAndLineReferenceDesc3LINE 24A, PART IX, FORM 990-OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0197777
IRS990/TotalAssetsEOYAmt0158715
IRS990/TotalAssetsGrp/BOYAmt0197777
IRS990/TotalAssetsGrp/EOYAmt0158715
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt094950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266521
IRS990/TotalFunctionalExpensesGrp/TotalAmt0361471
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0159119
IRS990/TotalLiabilitiesEOYAmt0120849
IRS990/TotalLiabilitiesGrp/BOYAmt0159119
IRS990/TotalLiabilitiesGrp/EOYAmt0120849
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt038658
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037866
IRS990/TotalProgramServiceExpensesAmt0266521
IRS990/TotalProgramServiceRevenueAmt0360673
IRS990/TotalReportableCompFromOrgAmt032460
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0360679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0360679
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197777
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158715
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt06512
IRS990/TravelGrp/TotalAmt06512
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt038658
IRS990/UnrestrictedNetAssetsGrp/EOYAmt037866
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0855 PENNSYLVANIA DR
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089503
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD WISEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-25
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/ReturnTs02017-08-25T11:12:22-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,715
Liabilities
$120,849
Net assets
$37,866
Revenue
$360,679
Expenses
$361,471
Net income
-$792
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
2017Detailed filing. Detailed filing data is available for this year.$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