Civic Intelligence

Asse International Inc.

990 • Fiscal year 2021 • EIN 95-3034133

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 11, 2022

228 North Coast HighwayLaguna Beach, CA 92651

(949) 494-4100

Siviq Scores

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

Liabilities / Assets

70th percentile

0.39x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

58th percentile

16%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$514,520

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

89th percentile

46%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

42%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$13,307,680

Up $4,223,520 (+46%) from 2020

Net Assets

Up

$8,102,210

Up $1,857,640 (+30%) from 2020

Liabilities

Up

$5,205,470

Up $2,365,880 (+83%) from 2020

Revenue

Up

$11,394,150

Up $3,348,820 (+42%) from 2020

Expenses

Up

$9,536,510

Up $529,160 (+5.9%) from 2020

Net Income

Up

$1,857,640

Up $2,819,660 (+293%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $8,547,420Liabilities 2011: $5,347,710Net Assets 2011: $3,199,7102011Assets 2012: $11,082,790Liabilities 2012: $7,483,680Net Assets 2012: $3,599,1102012Assets 2013: $9,999,170Liabilities 2013: $6,196,240Net Assets 2013: $3,802,9302013Assets 2014: $10,814,720Liabilities 2014: $6,998,550Net Assets 2014: $3,816,1702014Assets 2015: $11,974,170Liabilities 2015: $7,374,500Net Assets 2015: $4,599,6702015Assets 2016: $12,709,520Liabilities 2016: $6,580,250Net Assets 2016: $6,129,2702016Assets 2017: $12,126,470Liabilities 2017: $5,706,830Net Assets 2017: $6,419,6402017Assets 2018: $11,936,030Liabilities 2018: $5,279,150Net Assets 2018: $6,656,8802018Assets 2019: $12,489,700Liabilities 2019: $5,283,110Net Assets 2019: $7,206,5902019Assets 2020: $9,084,160Liabilities 2020: $2,839,590Net Assets 2020: $6,244,5702020Assets 2021: $13,307,680Liabilities 2021: $5,205,470Net Assets 2021: $8,102,2102021Assets 2022: $15,433,750Liabilities 2022: $6,889,200Net Assets 2022: $8,544,5502022Assets 2024: $8,467,460Liabilities 2024: $3,667,220Net Assets 2024: $4,800,2402024

Highlighted filing

2021

Assets$13,307,680
Liabilities$5,205,470
Net Assets$8,102,210

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $12,468,470Expenses 2011: $11,239,500Net Income 2011: $1,228,9702011Expenses 2012: $13,061,8702012Expenses 2013: $13,728,7902013Revenue 2014: $15,058,200Expenses 2014: $15,044,960Net Income 2014: $13,2402014Revenue 2015: $15,464,140Expenses 2015: $14,680,640Net Income 2015: $783,5002015Revenue 2016: $17,789,570Expenses 2016: $16,259,970Net Income 2016: $1,529,6002016Revenue 2017: $16,138,200Expenses 2017: $15,847,830Net Income 2017: $290,3702017Revenue 2018: $15,371,940Expenses 2018: $15,134,700Net Income 2018: $237,2402018Revenue 2019: $15,303,190Expenses 2019: $14,753,480Net Income 2019: $549,7102019Revenue 2020: $8,045,330Expenses 2020: $9,007,350Net Income 2020: -$962,0202020Revenue 2021: $11,394,150Expenses 2021: $9,536,510Net Income 2021: $1,857,6402021Revenue 2022: $17,448,840Expenses 2022: $17,006,500Net Income 2022: $442,3402022Revenue 2024: $10,323,050Expenses 2024: $13,433,500Net Income 2024: -$3,110,4502024

Highlighted filing

2021

Revenue$11,394,150
Expenses$9,536,510
Net Income$1,857,640
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 11, 2022
Return Version
2020v4.0
Gross Receipts
$11,394,150
Mission and Program Overview

Mission

Part i, line 1 - asse programs promote international educational and cultural exchange by providing opportunities for high school students, university students, and young adults to spend several months living in another country and learning the language and culture of the host family, school, and community or the host employer and community. Part iii, line 1 - "engage in charitable and educational activities within the meaning of section 501(c)(3)that contribute to international understanding by providing young people from various countries with the opportunity to improve their knowledge of foreign cultures and languages through active participation in family, school and community life in countries or regions than their own."

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,534,330$10,305,480▲ $4,771,150
Accounts Receivable$2,655,480$1,728,840▼ $926,640
Pledges and Grants Receivable$212,330$711,500▲ $499,170
Cash and Non-Interest-Bearing Accounts$524,620$445,180▼ $79,440
Prepaid Expenses and Deferred Charges$157,400$116,680▼ $40,720
Total Assets$9,084,160$13,307,680▲ $4,223,520
Liabilities
Accounts Payable and Accrued Expenses$2,219,720$4,718,500▲ $2,498,780
Deferred Revenue$619,870$486,970▼ $132,900
Total Liabilities$2,839,590$5,205,470▲ $2,365,880
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,244,570$8,102,210▲ $1,857,640
Total Net Assets Fund Balance$6,244,570$8,102,210▲ $1,857,640
Total Liabilities and Net Assets / Fund Balance$9,084,160$13,307,680▲ $4,223,520

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$16,720$16,720
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William GustafsonPresident anPT$285,850$228,670$514,520
Diane MathunyChief FinancPT$223,800$231,830$455,630
Fei JiangChief OperatPT$186,160$141,720$327,880
William GustafsonPresident and CEO-$247,720$71,280$319,000
Diane MathunyChief Financial Offi-$187,830$73,640$258,000
Gwen McnallanExecutive DiFT$182,370$44,200$226,570
Gwen McnallanExecutive Director-$178,140$49,290$226,570
Bodil DenckerExecutive ViPT$109,410$115,160$224,570
Fei JiangChief Operating Offi-$151,450$68,590$219,680
Peter HayesProgram DireFT$146,690$56,290$202,980
Peter HayesProgram Director-$144,360$56,620$202,980
Mary LovingProgram DireFT$103,720$37,050$140,770
Bodil DenckerExecutive Vice Presi-$75,950$56,110$134,750

Board Members and Trustees

NameTitle
Philippe KohnChair of Boa
Susan Nowakowski BachelotVice Chair
Patricia HasselbladDirector
Suzanne PentekDirector
Celia ParkerExecutive Vi
Susan HayesExecutive Vi
Ann-katrin LindgrenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,115,260
Program Service Revenue
$8,278,890
Investment Income
$0
Other Revenue
$0
All Other Contributions
$482,900
Change in Net Assets
$1,857,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,591,960
Salaries, Compensation, and Employee Benefits$2,871,800
Grants and Similar Amounts Paid$72,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,013,410$206,990-$1,220,400
Current Officers, Directors, Trustees, and Key Employees$531,870$529,740-$1,061,610
Insurance$416,830$83,130-$499,960
Fees for Services Other$397,490$1,520-$399,010
Other Employee Benefits$315,010$45,130-$360,140
Occupancy$267,360$50,800-$318,160
Travel$173,210$30,870-$204,080
Payroll Taxes$91,180$41,620-$132,800
Pension Plan Contributions$70,110$26,740-$96,850
Other Expenses$43,760$36,170-$79,930
Foreign Grants$72,750--$72,750
Office Expenses$60,670$11,260-$71,930
Information Technology$38,310$19,310-$57,620
Fees for Services Accounting$17,000$36,500-$53,500
Fees for Services Legal$7,750$27,170-$34,920
All Other Expenses$32,330--$32,330
Conferences and Meetings$28,200$3,090-$31,290
Advertising$4,210$120-$4,330
Total Functional Expenses$8,386,350$1,150,160$0$9,536,510
International Activity

International Summary

Offices
1
Employees
1
Spending
$148,760

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesHigh School Exchange11$148,760
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Programmes InternationauxPie Director IsRecruits StudentsNo$1,237,530
D' ECHANGE PIESpouse ofFor Asse HighNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Philippe kohn 17 cardiff laguna niguel, ca 92677 susan nowakowski bachelot route des roudiers eyguieres, fr 13430 ann-katrin lindgren p.o. Box 4823 laguna beach, ca 92652 patricia hasselblad 8395 keystone crossing, ste 206 indianapolis, in 46240 suzanne pentek 155 n. Harbor drive, ste. 3212 chicago, il 60601

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by the chief financial officer and reviewed by the president and ceo.

Form 990, Page 6, Part VI, Line 12C

Officers and directors disclose conflicts of interest at the annual board of directors meeting. Ongoing conflicts of interest are approved by the board of directors at the start of each fiscal year.

Form 990, Page 6, Part VI, Line 19

The form 990 is made available to the public in compliance with the freedom of information act.

Filing and Contact Details

Filer

Filer Name
Asse International Inc
EIN
95-3034133
Phone
9494944100
Address
228 NORTH COAST HIGHWAY, LAGUNA BEACH, CA 92651
Doing Business As
ASSE INT'L STUDENT EXCHANGE PROG

Signing Officer

Name
Diane Mathuny
Title
Chief Financial Offi
Phone
9494944100
Signed
2022-07-11

Organization Details

Principal Officer
William Gustafson
Formed
1976
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
36
Volunteers
450
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Part i, line 1 - asse programs promote international educational and cultural exchange by providing opportunities for high school students, university students, and young adults to spend several months living in another country and learning the language and culture of the host family, school, and community or the host employer and community. Part iii, line 1 - "engage in charitable and educational activities within the meaning of section 501(c)(3)that contribute to international understanding by providing young people from various countries with the opportunity to improve their knowledge of foreign cultures and languages through active participation in family, school and community life in countries or regions than their own."

Form 990, Part V, Line 4B

CANADA

Financial Statement Notes

Schedule D, Page 3, Part X

The company is a not-for-profit organization as described in section 501 (c)(3) of the irc and is exempt from federal income taxes pursuant to the applicable sections of the irc. The company received a favorable determination letter from the internal revenue service, dated october 25, 2018, stating that asse continues to qualify for tax exempt status. Management believes that the company currently operates such that it qualifies for continued exemption from income taxes. Accordingly, no provision for federal income tax has been recorded in the accompanying financial statements. The company is subject, however, to federal and california income taxes on net unrelated business income as stipulated in irc section 511 and regulation section 1.511. During the years ended august 31, 2021 and 2020, the company had no unrelated business income. The company annually evaluates tax positions as part of the preparation of its exempt tax return. This process includes an analysis of whether tax positions the company takes with regard to a particular item of income or deduction would meet the definition of an uncertain tax position under current accounting guidance. The company believes its tax positions are appropriate based on current facts and circumstances. The companys policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. At august 31, 2021, the company did not have any unrecognized tax benefits. The company is no longer subject to u.s. Federal, state or local income tax examinations by tax authorities for years before 2017.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANC
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE VI
IRS990/Form990PartVIISectionAGrp/TitleTxt5PROGRAM DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PROGRAM DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR OF BOA
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VI
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE VI
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IRS990/InsuranceGrp/ManagementAndGeneralAmt083130
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IRS990/MissionDesc0PART I, LINE 1 - ASSE PROGRAMS PROMOTE INTERNATIONAL EDUCATIONAL AND CULTURAL EXCHANGE BY PROVIDING OPPORTUNITIES FOR HIGH SCHOOL STUDENTS, UNIVERSITY STUDENTS, AND YOUNG ADULTS TO SPEND SEVERAL MONTHS LIVING IN ANOTHER COUNTRY AND LEARNING THE LANGUAGE AND CULTURE OF THE HOST FAMILY, SCHOOL, AND COMMUNITY OR THE HOST EMPLOYER AND COMMUNITY. PART III, LINE 1 - "ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3)THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING YOUNG PEOPLE FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAMILY, SCHOOL AND COMMUNITY LIFE IN COUNTRIES OR REGIONS THAN THEIR OWN."
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IRS990/OtherExpensesGrp/Desc0TUITION AND STUDENT FEES
IRS990/OtherExpensesGrp/Desc1AREA REPRESENTATIVES
IRS990/OtherExpensesGrp/Desc2HOST FAMILY RECRUITING
IRS990/OtherExpensesGrp/Desc3ALL OTHER EXPENSES
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IRS990/OtherExpensesGrp/ProgramServicesAmt02825140
IRS990/OtherExpensesGrp/ProgramServicesAmt11469140
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IRS990/OtherExpensesGrp/ProgramServicesAmt343760
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041620
IRS990/PayrollTaxesGrp/ProgramServicesAmt091180
IRS990/PayrollTaxesGrp/TotalAmt0132800
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026740
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt070110
IRS990/PensionPlanContributionsGrp/TotalAmt096850
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IRS990/PrincipalOfficerNm0WILLIAM GUSTAFSON
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IRS990/ProgSrvcAccomActy2Grp/Desc0WORK AND TRAVEL PROGRAMS - ASSE PROVIDES WORK EXPERIENCE PROGRAMS IN THE U.S.A. FOR UNIVERSITY STUDENTS AND YOUNG PROFESSIONALS FROM OTHER COUNTRIES. THESE PROGRAMS INCLUDE THE SUMMER WORK AND TRAVEL PROGRAM, THE TRAINEE PROGRAM, AND THE INTERN PROGRAM. THE DURATION OF THESE PROGRAMS CAN BE THREE MONTHS TO EIGHTEEN MONTHS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0699440
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0812030
IRS990/ProgSrvcAccomActy3Grp/Desc0OUTBOUND HIGH SCHOOL PROGRAMS - ASSE PROVIDES PROGRAMS FOR HIGH SCHOOL STUDENTS FROM THE U.S.A., CANADA, MEXICO AND GERMANY TO STUDY IN ANOTHER COUNTRY FOR AN ACADEMIC YEAR, SEMESTER OR SUMMER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01039490
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0687740
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IRS990/ReconcilationRevenueExpnssAmt01857640
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RevenueAmt06779120
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05534330
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IRS990ScheduleA/PublicSupportTotal170Amt016869640
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03115260
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03900340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03357040
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03245790
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016869640
IRS990ScheduleA/TotalSupportAmt017308710
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE IRC AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO THE APPLICABLE SECTIONS OF THE IRC. THE COMPANY RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, DATED OCTOBER 25, 2018, STATING THAT ASSE CONTINUES TO QUALIFY FOR TAX EXEMPT STATUS. MANAGEMENT BELIEVES THAT THE COMPANY CURRENTLY OPERATES SUCH THAT IT QUALIFIES FOR CONTINUED EXEMPTION FROM INCOME TAXES. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT, HOWEVER, TO FEDERAL AND CALIFORNIA INCOME TAXES ON NET UNRELATED BUSINESS INCOME AS STIPULATED IN IRC SECTION 511 AND REGULATION SECTION 1.511. DURING THE YEARS ENDED AUGUST 31, 2021 AND 2020, THE COMPANY HAD NO UNRELATED BUSINESS INCOME. THE COMPANY ANNUALLY EVALUATES TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE COMPANY TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE COMPANY BELIEVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE COMPANYS POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AT AUGUST 31, 2021, THE COMPANY DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0HIGH SCHOOL EXCHANGE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0CHECK TO SCHOOL
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1CHECK TO SCHOOL
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt2CHECK TO SCHOOL
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1RUSSIA

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