Civic Intelligence

Foundation for Academic Cultural Exchange

990 • Fiscal year 2019 • EIN 94-3029085

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 05, 2019

Organization ProfileN/A
2575 Beaumont ParkwayReno, NV 89523

(775) 624-9143

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.83x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.34x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-0.9%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$55,080

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

5.8%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$132,633

Down $30,958 (-19%) from 2018

Net Assets

Down

$22,934

Down $2,822 (-11%) from 2018

Liabilities

Down

$109,699

Down $28,136 (-20%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin38th percentile

Revenue

Up

$320,939

Up $17,505 (+5.8%) from 2018

Expenses

Up

$323,761

Up $8,217 (+2.6%) from 2018

Net Income

Up

-$2,822

Up $9,288 (+77%) from 2018

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

2019

Assets$132,633
Liabilities$109,699
Net Assets$22,934
Open 2019 Filing

Operations Trend

Revenue Growth57th 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

2019

Revenue$320,939
Expenses$323,761
Net Income-$2,822
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 5, 2019
Return Version
2018v3.1
Gross Receipts
$320,939
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$148,150$115,145▼ $33,005
Savings and Temporary Cash Investments$15,154$16,962▲ $1,808
Prepaid Expenses and Deferred Charges-$500-
Land, Buildings, and Equipment, Net$286$26▼ $260
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$163,591$132,633▼ $30,958
Other Assets Total$1$0▼ $1
Liabilities
Deferred Revenue$134,015$107,627▼ $26,388
Accounts Payable and Accrued Expenses$3,820$2,072▼ $1,748
Total Liabilities$137,835$109,699▼ $28,136
Net Assets / Fund Balance
Unrestricted Net Assets$25,756$22,934▼ $2,822
Total Net Assets Fund Balance$25,756$22,934▼ $2,822
Total Liabilities and Net Assets / Fund Balance$163,591$132,633▼ $30,958

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,765$5,765
Other Land Buildings$26$144$170
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kunxiang ChenAssistant to CEOFT$55,080$55,080
Richard WisemanPresident & CEOFT$16,920$16,920
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$320,931
Investment Income
$8
Other Revenue
$0
Change in Net Assets
$-2,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,253
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-$55,080-$55,080
Current Officers, Directors, Trustees, and Key Employees-$16,920-$16,920
Payroll Taxes-$5,508-$5,508
Fees for Services Legal$3,453$884-$4,337
Fees for Services Accounting-$3,349-$3,349
Office Expenses-$1,330-$1,330
Advertising$1,069--$1,069
All Other Expenses$35$505-$540
Other Expenses$9,000$510-$510
Depreciation Depletion-$260-$260
Total Functional Expenses$238,584$85,177$0$323,761
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“Officer and key employee are married.”

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
2575 BEAUMONT PARKWAY, RENO, NV 89523

Signing Officer

Name
Richard Wiseman
Title
President & CEO
Signed
2019-09-05
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 82590 82590 0 host family expenses 33090 33090 0student insurance epxense 27635 27635 0tuition expense 81712 81712 0 --------- -------- -------- totals 225027 225027 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/Total509Grp/CurrentTaxYearMinus2YearsAmt0360673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0453010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0601595
IRS990ScheduleA/Total509Grp/TotalAmt02039651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0320939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0303434
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0360673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0453010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0601595
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02039651
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05765
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05765
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0144
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICER AND KEY EMPLOYEE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The financial statements are compiled by a Certified Public Accountant prior to filing of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IRS.GOV/tax-exempt/annual reporting & filingwww2.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No other documents are available to the general public, except Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOTAL PROGRAM MANAGEMENTAREA COORDINATORS PLACEMENT FEES 82590 82590 0 HOST FAMILY EXPENSES 33090 33090 0STUDENT INSURANCE EPXENSE 27635 27635 0TUITION EXPENSE 81712 81712 0 --------- -------- -------- TOTALS 225027 225027 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4LINE 24A, PART IX, FORM 990-OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0163591
IRS990/TotalAssetsEOYAmt0132633
IRS990/TotalAssetsGrp/BOYAmt0163591
IRS990/TotalAssetsGrp/EOYAmt0132633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085177
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0238584
IRS990/TotalFunctionalExpensesGrp/TotalAmt0323761
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137835
IRS990/TotalLiabilitiesEOYAmt0109699
IRS990/TotalLiabilitiesGrp/BOYAmt0137835
IRS990/TotalLiabilitiesGrp/EOYAmt0109699
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022934
IRS990/TotalProgramServiceExpensesAmt0238584
IRS990/TotalProgramServiceRevenueAmt0320931
IRS990/TotalReportableCompFromOrgAmt072000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0320939
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320939
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0163591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132633
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt025756
IRS990/UnrestrictedNetAssetsGrp/EOYAmt022934
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02575 BEAUMONT PARKWAY
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089523
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD WISEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR ACADEMIC CULTURAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCHANGE
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0943029085
ReturnHeader/Filer/PhoneNum07756249143
ReturnHeader/Filer/USAddress/AddressLine1Txt02575 BEAUMONT PARKWAY
ReturnHeader/Filer/USAddress/CityNm0RENO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089523
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/ReturnTs02019-09-05T14:52:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,633
Liabilities
$109,699
Net assets
$22,934
Revenue
$320,939
Expenses
$323,761
Net income
-$2,822
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
2019Detailed filing. Detailed filing data is available for this year.$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