A I E S E C U S Inc
- Assets
- $742.4k
- Revenue
- $243.6k
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 01/1964
- Data as of
- 06/2021
- EIN
- 13-1927700
Organization Overview
A I E S E C U S Inc is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, A I E S E C U S Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A I E S E C U S Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, A I E S E C U S Inc generated $243.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.8%) each year. All expenses for the organization totaled $753.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AIESEC IS A PROGRAM OF INTERNATIONAL MANAGEMENT DEVELOPMENT FOR BUSINESSES THROUGHOUT THE WORLD. IT PROVIDES INTERNATIONAL EXCHANGE TRAINEESHIPS, EDUCATIONAL TOURS, AND SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL INTERNSHIPS ARE THE MOST INTENSE LEARNING EXPERIENCE AIESEC OFFERS. THE PROFESSIONAL INTERNSHIPS ALSO LINK AIESEC'S GLOBAL NETWORK TOGETHER. AIESEC PROVIDES STUDENTS WITH A CHALLENGING OPPORTUNITY TO LIVE AND WORK IN A FOREIGN COUNTRY IN AREAS OF BUSINESS AND MANAGEMENT; INFORMATION TECHNOLOGY; AND ENGINEERING, EDUCATION, AND DEVELOPMENT. AIESEC ATTRACTS AND CULTIVATES YOUNG PEOPLE WITH GLOBAL MINDSETS WHILE GIVING COMPANIES AND OTHER ORGANIZATIONS AN OPPORTUNITY TO INTERACT AND ACCESS YOUNG TALENT FROM ALL CORNERS OF THE GLOBE.
AIESEC'S PRIMARY OBJECTIVE IS TO BE A PLATFORM FOR YOUNG PEOPLE TO EXPLORE AND DEVELOP THEIR LEADERSHIP POTENTIAL FOR A POSITIVE IMPACT ON SOCIETY. AIESEC ENABLES YOUNG PEOPLE TO HAVE A LEADERSHIP EXPERIENCE BY MANAGING THEIR OWN LOCAL COMMITTEES AND ACQUIRING EXPERIENCE IN RUNNING AN ORGANIZATION. AIESEC HOSTS NUMEROUS MEETINGS AND CONFERENCES TO FOCUS ON TRAINING OF ITS MEMBERSHIP. THESE TRAININGS INCLUDE SOFT SKILL DEVELOPMENT, SUCH AS TEAM MANAGEMENT, AS WELL AS TRAINING ON THE TECHNICAL SIDE OF RUNNING THE EXCHANGE PROGRAM.
AIESEC IS AUTHORIZED BY THE UNITED STATES DEPARTMENT OF STATE TO SPONSOR J-1 EXCHANGE VISITOR TRAINEES, AND IT USES THIS AUTHORITY TO EXPAND THE VALUE OF ITS ORGANIZATION AND ITS SERVICES TO HUMAN RESOURCE DEPARTMENTS AND IMMIGRATION LEGAL COUNSEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Kroah VP Operations And Finance | Officer | 40 | $40,899 |
Renee Osaigbovo President | Officer | 40 | $40,424 |
Ian Kawetschanky President | Officer | 40 | $25,779 |
Eric Anderson Chairman Of The Board | OfficerTrustee | 0.5 | $0 |
Farai Nyoni Director | Trustee | 0.5 | $0 |
David Crawford Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,226 |
| Total Program Service Revenue | $204,422 |
| Investment income | $289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,704 |
| Compensation of current officers, directors, key employees. | $15,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,565 |
| Payroll taxes | $22,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,295 |
| Advertising and promotion | $0 |
| Office expenses | $17,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,466 |
| Travel | $470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,501 |
| All other expenses | $606 |
| Total functional expenses | $753,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,210 |
| Savings and temporary cash investments | $25,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $599,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,458 |
| Total assets | $742,398 |
| Accounts payable and accrued expenses | $134,588 |
| Grants payable | $0 |
| Deferred revenue | $137,330 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $271,918 |
| Net assets without donor restrictions | $470,480 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $742,398 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that A I E S E C U S Inc has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Learning Inc Brattleboro, VT | $69,510,730 | $48,654,850 |
Birthright Israel Foundation New York, NY | $97,221,190 | $44,527,782 |
Educational Foundation For Foreign Study A Non-Profit Corp Cambridge, MA | $3,594,555 | $13,477,105 |
Interexchange Inc New York, NY | $29,194,996 | $11,958,069 |
International House New York, NY | $113,609,118 | $15,698,027 |
Itrek Inc New York, NY | $9,805,807 | $9,090,529 |
National Committee On United States China Relations Inc New York, NY | $21,325,649 | $8,071,507 |
Friends Of Israel Scouts Inc New York, NY | $4,590,844 | $5,759,248 |
Eisenhower Exchange Fellowships Inc Philadelphia, PA | $65,596,103 | $6,998,560 |
Project Harmony Inc Waitsfield, VT | $1,544,507 | $3,847,888 |
American Institute For Foreign Study Foundation Stamford, CT | $1,363,621 | $3,335,137 |
America-Israel Friendship League Inc New York, NY | $677,859 | $1,125,516 |