International Cultural Exchange Services Inc
- Assets
- $8.8m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Henderson, NV
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 58-1969412
Organization Overview
International Cultural Exchange Services Inc is located in Henderson, NV. The organization was established in 1992. 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 12/2022, International Cultural Exchange Services Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Cultural Exchange Services 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 12/2022, International Cultural Exchange Services Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 10.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCREEN AND PLACE INTERNATIONAL STUDENTS W/ HOST FAMILIES; PROVIDE SUPPORT SERVICES WHILE IN SCHOOL
Describe the Organization's Program Activity:
SUCCESSFULLY PLACED 1,943 FOREIGN STUDENTS WITH RESPECTIVE HOST FAMILIES AND SCHOOLS IN CALENDAR YEAR 2022. STUDENTS WERE EVALUATED, SCREENED AND MATCHED ACCORDING TO PROFILES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trena Jones Director | Trustee | 0 | $0 |
James Crist Director | Trustee | 0 | $0 |
Luiz P Marzullo Cfo/director | Officer | 40 | $307,950 |
John Crist President | Officer | 60 | $519,789 |
Judy Scott National Placement Directo | 40 | $117,577 | |
Andrea L Lundin Regional Director | 40 | $137,747 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,281,309 |
| Investment income | $773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,869 |
| 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 | $16,332,080 |
| 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. | $519,789 |
| Compensation of current officers, directors, key employees. | $77,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,579,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $303,981 |
| Payroll taxes | $78,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,655 |
| Fees for services: Accounting | $143,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $195,168 |
| Office expenses | $87,919 |
| Information technology | $160,388 |
| Royalties | $0 |
| Occupancy | $172,292 |
| Travel | $716,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $429,686 |
| Interest | $2,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,409 |
| Insurance | $42,800 |
| All other expenses | $1,385,857 |
| Total functional expenses | $16,342,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,961,572 |
| Savings and temporary cash investments | $0 |
| 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 | $567 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,299,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $541,316 |
| Total assets | $8,802,594 |
| Accounts payable and accrued expenses | $15,500 |
| 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 | $2,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $159,900 |
| Total liabilities | $177,400 |
| Net assets without donor restrictions | $0 |
| 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 | $8,625,194 |
| Total liabilities and net assets/fund balances | $8,802,594 |