2016-10-27T13:36:21-05:00 2015-12-31 221478099 COHNREZNICK LLP 1212 Avenue of the Americas New York NY 10036 990 2015-01-01 133449415 Interexchange Inc INTE 2129240446 100 wall street 3rd flr New York NY 10005 Lee Andrews CFO/sec/trea 2129240446 2016-10-25 1 THOMAS LANNING P00851654 2122970400 2015 2017-02-10 21:41:12Z CHRISTINE LA MONICA-LUNN 100 wall street 3rd flr New York NY 10005 15335789 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 4 154 0 0 0 0 1500 10099619 11414170 538272 695613 238046 306982 10875937 12418265 62250 45376 0 0 5687304 5835247 0 0 0 7191344 7044247 12940898 12924870 -2064961 -506605 26241679 25833778 1723927 2379261 24517752 23454517 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 4478150 4887651 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 IT 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. 2775699 4936827 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. 742679 825267 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, AND PROGRAM SUPPORT AND MONITORING. AS WITH OUR OTHER PROGRAMS, THIS PROGRAM PROVIDES PARTICIPANTS VALUABLE INTERCULTURAL EXPERIENCES. 583519 569818 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 SUPPORT AND SUPERVISION. 584304 498039 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. 45391 45376 3550 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. 1213214 45376 1071407 9209742 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 1 154 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 CFOSECTREA 2129240446 100 wall street 3rd flr New York NY 10005 CHRISTINE LA MONICA-LUNN PRESIDENT/CEO 40.00 X X 214507 0 16255 JANICE JENG BOARD DIRECTOR 2.00 X 0 0 0 Jeffrey Apfel bOARD DIRECTOR 2.00 X 0 0 0 LEE ANDREWS CFO/sec/trea 40.00 X X 185900 0 7020 NICOLE SANTOMASSO COO/VICE PRESIDENT 40.00 X X 146587 0 12079 RAHUL CHOUDAHA BOARD DIRECTOR 2.00 X 0 0 0 WELF EBELING BOARD DIRECTOR 2.00 X 0 0 0 CASEY SLAMIN PROGRAM DIRECTOR 40.00 X 140755 0 5525 DIRK KELLY SOFTWARE ENGINEER 40.00 X 150917 0 7022 HOPE CHECKLEY FINANCE DIRECTOR 40.00 X 119827 0 25464 MICHAEL MCHUGH PROGRAM DIRECTOR 40.00 X 137925 0 12026 1096418 0 85391 7 0 1 0 Arbus Capital Mangement 765 Amsterdam AVe 4c New York NY 10025 Investment Management 113571 1 1500 1500 PROGRAM FEES 900099 11414170 11414170 11414170 591247 591247 3021890 2917524 104366 104366 104366 EARLY TERMINATION of lease 900099 268725 268725 EARLY TERMINATION fees of Au pair 900099 38257 38257 306982 12418265 11721152 0 695613 45376 45376 582348 344667 237681 4463265 2641617 1821648 109538 64831 44707 265596 157195 108401 414500 245325 169175 122443 122443 76360 76360 204458 88343 116115 244307 235776 8531 572096 368905 203191 192831 109390 83441 452704 272977 179727 1269828 1236252 33576 757545 455695 301850 1496610 1349675 146935 Commissions 640788 640788 Government Fees 503675 503675 Education and Developme 197337 151960 45377 Participant Orientation 135563 135563 177702 161732 15970 12924870 9209742 3715128 0 460088 192663 508769 311286 885663 948186 535523 527252 2666987 1461442 1410246 1205545 22441390 22331428 0 317418 26241679 25833778 556386 853319 1167541 1124534 0 401408 1723927 2379261 X 24517752 23454517 24517752 23454517 26241679 25833778 -506605 -556630 0 X X 0 1 X 1 0 X 1500 1500 9081964 8873355 9718448 10099619 11414170 49187556 9081964 8873355 9718448 10099619 11415670 49189056 0 0 0 49189056 405842 547902 738646 649053 591247 2932690 405842 547902 738646 649053 591247 2932690 522 54643 238046 306982 600193 9488328 9421257 10511737 10986718 12313899 52721939 0.93300 0.93960 0.05560 0.05440 X Schedule A, Part III, Line 12, Explanation of Other Income: early termination of aupair fees - 2015 Amount: $ 38,257. EARLY TERMINATION OF LEASE - 2014 Amount: $ 237,579. 2015 Amount: $ 268,725. bad debt recovery - 2013 Amount: $ 54,643. other income - 2011 Amount: $ 522. 2014 Amount: $ 467. 2131517 1290918 840599 535470 170524 364946 1205545 Deferred rent 401408 401408 X 11833565 -556630 -556630 12390195 28070 28070 12418265 12896800 0 12896800 28070 28070 12924870 Part X, Line 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY WHICH HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE ARE NO UNCERTAIN TAX POSITIONS AT THE DECEMBER 31, 2015.and 2014 INFORMATION RETURNS PRIOR TO FISCAL YEAR 2012 ARE CLOSED to examination. Part XI, Line 4b - Other Adjustments: Reclass to expenses - Foreign Currency Loss 28,070. Part XII, Line 4b - Other Adjustments: Reclass to expenses - Foreign Currency Loss 28,070. 1 CHRISTIANSON GRANTS 9 33376 WORK ABROAD GRANTS 7 10000 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. WORK ABROAD GRANTS are awarded to applicants who show a high level of commitment to their chosen Working Abroad program. Preference is given toward applicants with limited or no previous international travel experience. Grant awards are merit based. Grant recipients will receive their award once their arrival abroad has been confirmed by the international cooperator agent or a supervisor. X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE LA MONICA-LUNN PRESIDENT/CEO 214507 0 0 0 0 0 6420 0 9835 0 230762 0 0 0 LEE ANDREWS CFO/sec/trea 185900 0 0 0 0 0 5460 0 1560 0 192920 0 0 0 NICOLE SANTOMASSO COO/VICE PRESIDENT 146587 0 0 0 0 0 4380 0 7699 0 158666 0 0 0 DIRK KELLY SOFTWARE ENGINEER 150917 0 0 0 0 0 0 0 7022 0 157939 0 0 0 Form 990, Part VI, Section B, line 11 The tax return is prepared by 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 INTERESTED 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 XII, Line 2c: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.