Civic Intelligence

Foundation for Academic Cultural Exchange

990EZ • Fiscal year 2022 • EIN 94-3029085

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 26, 2022

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

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.36x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-45%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$48,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 71.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

44th percentile

-1.3%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-22%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$86,756

Down $1,107 (-1.3%) from 2021

Net Assets

Down

-$4,050

Down $30,471 (-115%) from 2021

Liabilities

Up

$90,806

Up $29,364 (+48%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin11th percentile

Revenue

Down

$66,994

Down $18,631 (-22%) from 2021

Expenses

Up

$97,465

Up $20,891 (+27%) from 2021

Net Income

Down

-$30,471

Down $39,522 (-437%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2022

Assets$86,756
Liabilities$90,806
Net Assets-$4,050
Open 2022 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

2022

Revenue$66,994
Expenses$97,465
Net Income-$30,471
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 26, 2022
Return Version
2021v4.0
Gross Receipts
$66,994
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.

Program Services

DescriptionGrantsExpenses
During the 2021-2022 academic school year, FACE placed 12 J1 secondary school exchange students.-$97,465
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KUNXIANG CHENPresident & CEOFT$48,000-$48,000
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
Kunxiang Chen
Title
President & CEO
Signed
2022-09-26
Discuss with paid preparer
Yes

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 Expenses.1002

“Office Expenses $5734”

Other Expenses.1012

“Insurance $1723”

Other Expenses.1

“Area coordinator fees $21413”

Other Expenses.2

“STUDENT INSURANCE $5045”

Other Expenses.3

“TUTITON/TICKETS $3500”

Other Expenses.4

“TELEPHONE $1159”

Other Expenses.5

“FREIGHT/UPS/FEDEX $586”

Other Expenses.6

“MEMBERSHIPS $520”

Other Expenses.7

“LICENSES & PERMITS $450”

Other Expenses.8

“BANK CHARGES $234”

Other Expenses.9

“POSTAGE $53”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $15581 Accounts Payable and Accrued Expenses - Ending $1304”

Total Liabilities.1003

“Deferred Revenue - Beginning $45861 Deferred Revenue - Ending $89502”

Raw XML Appendix168 raw XML fields

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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IRS990EZ/OtherExpensesTotalAmt040417
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IRS990EZ/PrimaryExemptPurposeTxt0The 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0During the 2021-2022 academic school year, FACE placed 12 J1 secondary school exchange students.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt097465
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt051672
IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt066994
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt085625
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0976338
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt066994
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0320939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0303434
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01043332
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $5734
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $1723
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AREA COORDINATOR FEES $21413
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STUDENT INSURANCE $5045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TUTITON/TICKETS $3500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE $1159
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FREIGHT/UPS/FEDEX $586
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIPS $520
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LICENSES & PERMITS $450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK CHARGES $234
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10POSTAGE $53
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable and Accrued Expenses - Beginning $15581 Accounts Payable and Accrued Expenses - Ending $1304
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0943029085
ReturnHeader/Filer/PhoneNum07756249143
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ReturnHeader/Filer/USAddress/ZIPCd089523
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ReturnHeader/PreparerPersonGrp/PhoneNum03103715699
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Fred S Gonzalez EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-26T12:01:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KUNXIANG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHEN
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,756
Liabilities
$90,806
Net assets
-$4,050
Revenue
$66,994
Expenses
$97,465
Net income
-$30,471
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
2022Detailed filing. Detailed filing data is available for this year.$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