Institute Of Global Exchange Inc
- Assets
- $451.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Torrance, CA
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-2971452
Organization Overview
Institute Of Global Exchange Inc is located in Torrance, CA. The organization was established in 2009. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Institute Of Global Exchange Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Global Exchange 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, Institute Of Global Exchange Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $974.5k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION PROVIDES STUDENTS & YOUNG PROFESSIONAL WITH DYNAMIC EXPERIENCE THROUGH CULTURAL AND EDUCTIONALS EXCHANGE PROGRAMS BETWEEN THE UNITED STATES AND OTHRER COUNTRIES IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTENSHIP SERVICE WAS PROVIDED TO FOREIGN STUDENTS AND YOUNG PROFESSIONALS WHO SEEK TO OBTAIN INTERNSHIP EXPERIENCE IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Inoue President | Officer | 40 | $92,400 |
Ayaka Robbins CFO | Officer | 0 | $1,000 |
Mariko Brause Secretary | Officer | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,688 |
| Total Program Service Revenue | $1,096,403 |
| Investment income | $0 |
| 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 | $1,176,091 |
| 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. | $92,400 |
| Compensation of current officers, directors, key employees. | $92,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,580 |
| Fees for services: Accounting | $4,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $723 |
| Office expenses | $7,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,247 |
| Travel | $604 |
| 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 | $3,327 |
| Insurance | $57,211 |
| All other expenses | $636,561 |
| Total functional expenses | $974,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,180 |
| Savings and temporary cash investments | $3,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,987 |
| Total assets | $451,533 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $148,537 |
| Other liabilities | $0 |
| Total liabilities | $148,537 |
| Net assets without donor restrictions | $302,996 |
| 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 | $451,533 |
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|---|---|---|
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Cultural Homestay International San Rafael, CA | $8,209,309 | $6,578,912 |
Tsinghua Education Foundation N A Inc Milpitas, CA | $116,655,625 | $26,673,900 |
International Cultural Exchange Services Inc Henderson, NV | $6,059,085 | $6,192,955 |
Students International Visalia, CA | $3,803,610 | $5,517,507 |
Global Citizen Year Incorporated Oakland, CA | $3,142,246 | $4,153,103 |
Ayusa International San Francisco, CA | $2,562,427 | $4,128,665 |
Education Travel & Culture Inc Portland, OR | $4,814,331 | $3,413,705 |
Sts Foundation Laguna Beach, CA | $573,475 | $1,659,006 |
International Cultural Exchange Organization Inc Folsom, CA | $3,995,033 | $1,863,146 |
Institute Of Global Exchange Inc Torrance, CA | $451,533 | $1,176,091 |
Amity Institute Ltd San Diego, CA | $1,222,471 | $682,814 |