Interexchange Inc
- Assets
- $29.2m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 136
- Location
- New York, NY
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 13-3449415
Organization Overview
Interexchange Inc is located in New York, NY. The organization was established in 1988. 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 12/2021, Interexchange Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interexchange 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 12/2021, Interexchange Inc generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $12.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
INTEREXCHANGE IS DEDICATED TO PROMOTING CULTURAL AWARENESS AND INTERNATIONAL UNDERSTANDING THROUGH A WIDE RANGE OF WORK AND TRAVEL, CAMP, LANGUAGE, VOLUNTEER, PROFESSIONAL TRAINING, INTERNSHIP, AND AU PAIR PROGRAMS WITHIN THE UNITED STATES AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AU PAIR USA - THE ORGANIZATION PLACED NEW PARTICIPANTS BETWEEN THE AGES OF 18-26 WITH AMERICAN HOST FAMILIES PROVIDING LIVE-IN CHILDCARE FOR THEIR CHILDREN. THE ORGANIZATION ALSO OVERSAW THE EXTENSION OF CURRENT AU PAIRS WITH HOST FAMILIES FOR AN ADDITIONAL 6, 9 OR 12 MONTHS AFTER SUCCESSFUL COMPLETION OF THEIR FIRST YEAR IN THE USA. IN ADDITION TO ADMINISTRATIVE SERVICES RENDERED, THE ORGANIZATION ALSO COMPLETES AN EXTENSIVE SELECTION AND EVALUATION PROCESS INCLUDING INTENSIVE PERSONAL INTERVIEWS WITH BOTH THE AU PAIRS AND HOST FAMILIES, PRE-DEPARTURE INFORMATION SESSIONS AND AN INTENSIVE FOUR-DAY ARRIVAL ORIENTATION INCLUDING CHILDCARE AND SAFETY TRAINING PROGRAMS, PLUS SUPERVISION AND A NATIONAL SUPPORT NETWORK OF LOCAL COORDINATORS. THIS PROGRAM OFFERS A UNIQUE OPPORTUNITY FOR CROSS-CULTURAL EXCHANGE. THE AU PAIRS ARE ABLE TO IMPROVE THEIR ENGLISH LANGUAGE SKILLS AND SEE THE UNITED STATES FROM AN IDEAL VANTAGE POINT, LIVING WITHIN AN AMERICAN FAMILY. HOST PARENTS AND THEIR CHILDREN CAN HAVE LONG-TERM BENEFITS THROUGH EXPOSURE TO ANOTHER CULTURE AND LANGUAGE. INTEREXCHANGE MAINTAINS STRATEGIC COOPERATION WITH RECRUITING AGENCIES IN COUNTRIES AROUND THE WORLD TO ENSURE A HIGH QUALITY AND DIVERSITY OF AU PAIR APPLICANTS.
WORK & TRAVEL USA - THE ORGANIZATION PROVIDED AND FACILITATES PLACEMENTS FOR INTERNATIONAL UNIVERSITY STUDENTS IN ENTRY-LEVEL SEASONAL AND TEMPORARY JOBS IN HOTELS, INNS, AMUSEMENT PARKS AND RESTAURANTS IN RESORT AREAS THROUGHOUT THE UNITED STATES. THE PLACEMENTS ALSO INCLUDED ACCOMMODATIONS FOR THE PARTICIPANTS. THE PROGRAM SERVICES INCLUDE A SELECTION PROCESS INCLUDING PERSONAL INTERVIEWS WITH ALL STUDENTS, PRE-DEPARTURE AS WELL AS ARRIVAL ORIENTATIONS, AND PROGRAM SUPPORT AND MONITORING. THROUGH THESE AND SUBSEQUENT OPTIONAL TRAVEL EXPERIENCES, STUDENTS GET A CLOSER LOOK AT THE LIFE IN AMERICA AND IMPROVE THEIR ENGLISH LANGUAGE SKILLS. THEIR EXPERIENCES CAN LAST A LIFETIME AND HELP SHAPE THEIR FUTURE GOALS AND WORLD OUTLOOK.
CAMP USA - THIS CAMP COUNSELOR PROGRAM PLACED INTERNATIONAL CAMP COUNSELORS AND SUPPORT STAFF WITH A GENUINE INTEREST IN CHILDREN IN SUMMER CAMPS THROUGHOUT THE UNITED STATES TO SUPERVISE AND SUPPORT GROUPS OF AMERICAN YOUTH FOR AN 8-10 WEEK PERIOD. COUNSELORS ALSO EXPERIENCE THE LOCAL CULTURE AND THE BEAUTY OF AMERICA'S GREAT OUTDOORS. THE PROGRAM SERVICES ALSO INCLUDE AN INTENSIVE SELECTION PROCESS INCLUDING PERSONAL INTERVIEWS WITH PARTICIPANTS, PRE-DEPARTURE AS WELL AS ARRIVAL ORIENTATIONS AND PROGRAM SUPPPORT AND SUPERVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine La Monica-Lunn President/ceo | OfficerTrustee | 40 | $226,133 |
Lee Andrews Cfo/sec/treasurer | OfficerTrustee | 40 | $170,886 |
Casey Slamin Senior VP Programs | Officer | 40 | $153,000 |
Michael Mchugh VP Au Pair Program | Officer | 40 | $152,445 |
Nicole Santomasso Coo/vice President | OfficerTrustee | 40 | $152,142 |
Aaron Todd Software Engineer | 40 | $142,147 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Capitol Strategies Government Relations | 12/30/19 | $143,000 |
Arbus Capital Management Llc Investment Advisory Services | 12/30/19 | $118,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,412,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,412,195 |
| Total Program Service Revenue | $8,857,366 |
| Investment income | $555,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,958,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,006 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $914,331 |
| Compensation of current officers, directors, key employees. | $598,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,549,161 |
| Pension plan accruals and contributions | $96,763 |
| Other employee benefits | $448,833 |
| Payroll taxes | $413,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,917 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,964 |
| Fees for services: Other | $823,013 |
| Advertising and promotion | $201,826 |
| Office expenses | $227,400 |
| Information technology | $213,674 |
| Royalties | $0 |
| Occupancy | $825,906 |
| Travel | $468,505 |
| 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 | $76,370 |
| Insurance | $1,342,407 |
| All other expenses | $200,692 |
| Total functional expenses | $11,951,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,723 |
| Savings and temporary cash investments | $1,794,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,989,729 |
| 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 | $528,166 |
| Net Land, buildings, and equipment | $96,615 |
| Investments—publicly traded securities | $21,637,245 |
| Investments—other securities | $0 |
| Investments—program-related | $1,750,000 |
| Intangible assets | $0 |
| Other assets | $626,411 |
| Total assets | $29,194,996 |
| Accounts payable and accrued expenses | $987,294 |
| Grants payable | $0 |
| Deferred revenue | $3,346,567 |
| 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 | $1,320,442 |
| Other liabilities | $1,026,315 |
| Total liabilities | $6,680,618 |
| Net assets without donor restrictions | $22,514,378 |
| 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 | $29,194,996 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interexchange Inc has recieved totaling $1,055.
| Awarding Organization | Amount |
|---|---|
Trace Foundation Annapolis, MD PURPOSE: SCHOLARSHIP SPONSOR | $1,055 |
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 |