2018-08-16T09:40:16-05:00 2017-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-01-01 133449415 INTEREXCHANGE INC INTE 2129240446 100 WALL STREET NO 3RD FL NEW YORK NY 10005 LEE ANDREWS CFO/SEC/TR. 2129240446 2018-08-15 1 ROBERT LYONS P00227472 2125038800 2017 2022-09-23 18:48:47Z LEE ANDREWS 100 WALL STREET NO 3RD FL NEW YORK NY 10005 15793624 0 X WWW.INTEREXCHANGE.ORG X 1988 NY 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. 7 4 143 4 0 0 0 0 12225940 13544256 637848 624100 37716 12318 12901504 14180674 71295 52327 0 0 5783661 6281516 0 0 0 7271165 7972471 13126121 14306314 -224617 -125640 27124668 29428040 3049231 3388272 24075437 26039768 X 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. OUR GOAL IS TO CREATE AFFORDABLE AND EXCITING CULTURAL EXCHANGE PROGRAMS WITH AN UNPARALLELED LEVEL OF SUPPORT. WE TAKE GREAT PRIDE IN THE PROFESSIONALISM AND SERVICE OF OUR STAFF, MANY OF WHOM HAVE LIVED OR WORKED OVERSEAS BECAUSE OF THIS GLOBAL PERSPECTIVE, WE ARE BETTER ABLE TO ENSURE A REWARDING AND ENRICHING EXPERIENCE FOR EVERYONE. 0 0 4628032 4767439 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. THE AMERICAN FAMILY FOR 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. 3349837 6651105 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. 952860 922770 CAREER TRAINING AND INTERNS USA - THIS PRACTICAL TRAINING AND INTERN PROGRAM IS DESIGNED FOR YOUNG PROFESSIONALS, RECENT GRADUATES AND INTERNATIONAL UNIVERSITY STUDENTS WHO HAVE ALREADY CHOSEN THEIR CAREER PATH AND NOW REQUIRE PRACTICAL TRAINING IN THEIR FIELD FOR UP TO 18 MONTHS. THE ORGANIZATION FACILITATED THE PLACEMENT OF PARTICIPANTS IN TRAINING AND INTERN POSITIONS WITH LARGE CORPORATIONS, SMALL BUSINESSES, NON-PROFIT ORGANIZATIONS, UNIVERSITIES, RESORTS, HOTELS AND CULTURAL INSTITUTIONS IN A LARGE RANGE OF OCCUPATIONAL CATEGORIES. MANY PARTICIPANTS PREFER TO ARRANGE THEIR OWN PLACEMENTS THAT CAN COVER AN EVEN WIDER RANGE OF OCCUPATIONS. IN ADDITION TO PROGRAM ADMINISTRATION, THE PROGRAM SERVICES INCLUDE AN INTENSIVE APPLICATION AND REVIEW PROCESS, PROGRAM SUPPORT AND MONITORING. AS WITH OUR OTHER PROGRAMS, THIS PROGRAM PROVIDES PARTICIPANTS VALUABLE INTERCULTURAL EXPERIENCES. 907127 921587 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. 479686 279605 WORKING ABROAD - THE ORGANIZATION FACILITATED OPPORTUNITIES FOR YOUNG AMERICANS SEEKING INTERNATIONAL LIVE AND WORK EXPERIENCES IN STRUCTURED AND SUPPORTED EXCHANGE PROGRAMS. PLACEMENTS INCLUDED TEACHING ENGLISH IN SPAIN, FRANCE, GHANA AND CHINA, VOLUNTEER OPPORTUNITIES IN PERU, INDIA, GHANA, AND COSTA RICA, AU PAIRING IN FRANCE, SPAIN, THE NETHERLANDS, AUSTRALIA AND NEW ZEALAND, AND WORKING AND TRAVELING IN AUSTRALIA AND NEW ZEALAND. ASIDE FROM THE ADMINISTRATIVE SERVICES PROVIDED, THE ORGANIZATION INCLUDED SELECTION AND ORIENTATION OF THE PARTICIPANTS AND ALSO POST-PROGRAM EVALUATIONS. 52355 52327 1750 FOUNDATION - THE ORGANIZATION PROVIDED GRANT OPPORTUNITIES FOR YOUNG AMERICANS WHO WISH TO HELP FURTHER CULTURAL AWARENESS THROUGH MEANINGFUL WORK AND LIFE EXPERIENTIAL PROGRAMS OUTSIDE THE USA. THE INTEREXCHANGE FOUNDATION OFFERS TWO GRANT OPTIONS, THE WORKING ABROAD GRANT AND CHRISTIANSON GRANT. EACH GRANT IS UNIQUE, BUT THE INTENTION OF BOTH GRANT AWARDS IS TO DEFRAY THE COSTS OF TRANSPORTATION, PARTICIPATION FEES, TRAVEL INSURANCE, HOUSING AND MEALS RELATED TO A WORK, INTERNSHIP, OR VOLUNTEER ABROAD PROGRAM. RECIPIENTS ARE SELECTED BASED ON INTENT WITH PREFERENCES TOWARD THOSE WITH LIMITED OR NO PREVIOUS INTERNATIONAL TRAVEL EXPERIENCE, AND THOSE GOING ON LONGER PROGRAMS. 1439168 52327 1202942 10369897 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 143 1 0 1 GM 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY OR X LEE ANDREWS CFOSECRETARYTREASURER 2129240446 100 WALL STREET 3RD FL NEW YORK NY 10005 CHRISTINE LA MONICA-LUNN PRESIDENT/CEO 40.00 X X 233810 0 10978 LEE ANDREWS CFO/SEC/TREASURER 40.00 X X 198877 0 3107 NICOLE SANTOMASSO COO/VICE PRESIDENT 40.00 X X 159650 0 10065 RAHUL CHOUDAHA BOARD DIRECTOR 2.00 X 0 0 0 WELF EBELING BOARD DIRECTOR 2.00 X 0 0 0 JANICE JENG BOARD DIRECTOR 2.00 X 0 0 0 JEFFREY APFEL BOARD DIRECTOR 2.00 X 0 0 0 CASEY SLAMIN SENIOR VP PROGRAMS 40.00 X 150792 0 1906 DIRK KELLY CHIEF TECHNOLOGY OFFICER 40.00 X 162590 0 6262 MICHAEL MCHUGH VP AU PAIR PROGRAM 40.00 X 150071 0 12498 1055790 0 44816 6 0 1 0 SHERMAN & HOWARD LLC 633 17TH STREET SUITE 3000 DENVER CO 80202 LEGAL 393465 ARBUS CAPITAL MANAGEMENT 620 8TH AVE NEW YORK NY 10018 INVESTMENT ADVISORY SERVICES 125450 2 PROGRAM FEES 900099 13544256 13544256 13544256 571263 571263 1665787 1612950 52837 52837 52837 MISC. INCOME 900099 12318 12318 12318 14180674 13544256 0 636418 52327 52327 1134967 324605 810362 4229653 2986228 1243425 139253 92443 46810 410272 241050 169222 367371 208744 158627 324243 279145 45098 344818 344818 441410 434270 7140 217229 112170 105059 273207 248590 24617 769173 463221 305952 845631 820245 25386 359005 216193 142812 2234925 1939419 295506 GOVERNMENT FEES 588111 588111 COMMISSIONS 521497 521497 EDUCATION & DEVELOPMENT 307679 281634 26045 BANK CHARGES 250292 223233 27059 495251 336772 158479 14306314 10369897 3936417 0 176544 289202 541485 494060 962229 1069380 505094 321856 2712978 2233881 805345 479097 23821401 26461625 312570 312820 27124668 29428040 1126699 1012425 1219902 1567552 702630 808295 3049231 3388272 X 24075437 26039768 24075437 26039768 27124668 29428040 X -125640 2091474 -1503 X X 0 1 X 1 0 X 9718448 10099619 11414170 12225940 13544256 57002433 9718448 10099619 11414170 12225940 13544256 57002433 0 0 0 57002433 738646 649053 591247 607305 571263 3157514 738646 649053 591247 607305 571263 3157514 54643 238046 306982 37716 12318 649705 10511737 10986718 12312399 12870961 14127837 60809652 0.93740 0.93280 0.05190 0.05590 X 2712978 2233881 479097 479097 DEFERRED RENT 808295 808295 X 16273651 2091474 1503 2092977 14180674 0 14180674 14306314 0 14306314 0 14306314 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATIONS ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY EXCHANGE LOSS 1,503. 1 CHRISTIANSON GRANTS 9 52327 PART I, LINE 2: CHRISTIANSON GRANT IS AWARDED TO INDIVIDUALS WHO HAVE ARRANGED THEIR OWN WORK ABROAD PROGRAMS. PROPOSED PROGRAMS MUST BE AT LEAST SIX MONTHS IN LENGTH AND EMPHASIZE A WORK OR VOLUNTEER COMPONENT FOR THE GREATER GOOD. GRANT AWARDS ARE MERIT BASED. GRANTS ARE DISBURSED TO AWARD RECIPIENTS IN TWO INSTALLMENTS. THE FIRST INSTALLMENT IS DISBURSED ONCE THE RECIPIENT'S ARRIVAL HAS BEEN CONFIRMED BY A SUPERVISOR. THE SECOND INSTALLMENT IS DISBURSED UPON RECEIPT OF A COMPLETION REPORT. X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE LA MONICA-LUNN PRESIDENT/CEO 233810 0 0 0 0 0 0 0 10978 0 244788 0 0 0 LEE ANDREWS CFO/SEC/TREASURER 198877 0 0 0 0 0 0 0 3107 0 201984 0 0 0 NICOLE SANTOMASSO COO/VICE PRESIDENT 159650 0 0 0 0 0 0 0 10065 0 169715 0 0 0 CASEY SLAMIN SENIOR VP PROGRAMS 150792 0 0 0 0 0 0 0 1906 0 152698 0 0 0 DIRK KELLY CHIEF TECHNOLOGY OFFICER 162590 0 0 0 0 0 0 0 6262 0 168852 0 0 0 MICHAEL MCHUGH VP AU PAIR PROGRAM 150071 0 0 0 0 0 0 0 12498 0 162569 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY MANAGEMENT. THE FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. ALL DIRECTORS ARE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND SUGGEST EDITS PRIOR TO MAKING SUGGESTED EDITS, OUR AUDITOR IS CONSULTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A "BOARD APPROVED" CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTEREST PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE CEO AND OTHER OFFICERS TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION ON THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE ARE VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY EXCHANGE LOSS -1,503. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.