2015-04-27T11:16:12-05:00 2014-12-31 136199596 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-01-01 136199596 CULTURAL VISTAS INC CULT 2124973500 440 PARK AVENUE SOUTH NO 2ND FL NEW YORK NY 10016 ROBERT FENSTERMACHER PRESIDENT AND CEO 2124973501 2015-04-27 1 ROBERT LYONS P00227472 2125038800 2014 2016-02-25 16:41:14Z ROBERT FENSTERMACHER 440 PARK AVENUE SOUTH NO 2ND FL NEW YORK NY 10016 21937741 0 X HTTP://WWW.CULTURALVISTAS.ORG/ X 1963 NY CULTURAL VISTAS, INC. IS A NON-PROFIT 501(C)(3) ORGANIZATION THAT PROVIDES INTERNATIONAL EXCHANGE OPPORTUNITIES THAT STRENGTHEN GLOBAL NETWORKS, ENHANCE PROFESSIONAL SKILLS, AND ADVANCE MUTUAL UNDERSTANDING IN AN INTERCONNECTED WORLD. CULTURAL VISTAS, INC. IS AUTHORIZED BY THE U.S. DEPARTMENT OF STATE AS A J-1 EXCHANGE VISITOR PROGRAM SPONSOR FOR FIVE CATEGORIES: INTERN, TRAINEE, SUMMER WORK AND TRAVEL, TEACHER AND KOREA WEST. ITS TRAIN USA, WEST PROGRAMS AND SHORT-TERM PROGRAMS SUCH AS GLOBAL CAREER LAUNCH PROVIDE STUDENTS AND PROFESSIONALS FROM ALL OVER THE WORLD THE OPPORTUNITY TO ENHANCE THEIR PROFESSIONAL SKILLS AND GAIN KNOWLEDGE OF AMERICAN BUSINESS PRACTICES BY INTERNING OR TRAINING FOR THREE WEEKS TO 18 MONTHS AT U.S. COMPANIES AND INSTITUTIONS. 18 18 110 18 0 0 3259521 4172050 11987781 11598840 343992 522130 0 0 15591294 16293020 0 0 0 0 5455218 5971770 0 0 61262 9347101 9875277 14802319 15847047 788975 445973 10912461 11452507 2058542 2158647 8853919 9293860 X CULTURAL VISTAS, INC. (CV) IS COMMITTED TO ITS MISSION TO ENRICH MINDS, ADVANCE GLOBAL SKILLS, BUILD CAREERS, AND CONNECT LIVES THROUGH INTERNATIONAL EXCHANGE. 0 0 6349233 9295860 CV'S TRAIN USA AND KOREA WEST PROGRAMS PROVIDE STUDENTS AND PROFESSIONALS FROM ALL OVER THE WORLD THE OPPORTUNITY TO ENHANCE THEIR PROFESSIONAL SKILLS AND GAIN KNOWLEDGE OF AMERICAN CULTURE & BUSINESS PRACTICES. TRAIN USA IS A PROFESSIONAL DEVELOPMENT PROGRAM PROVIDING UNIVERSITY STUDENTS, RECENT GRADUATES AND YOUNG PROFESSIONALS FROM AROUND THE WORLD THE OPPORTUNITY FOR CAREER-FOCUSED INTERNSHIPS AND TRAINING PROGRAMS FOR THREE WEEKS TO EIGHTEEN MONTHS AT US COMPANIES. KOREA WORK-ENGLISH-STUDY-TRAVEL (WEST) IS A PROFESSIONAL DEVELOPMENT PROGRAM PROVIDING UNIVERSITY STUDENTS AND RECENT GRADUATES FROM THE REPUBLIC OF KOREA THE OPPORTUNITY TO UNDERTAKE INTENSIVE ENGLISH LANGUAGE TRAINING, FOLLOWED BY CAREER-FOCUSED INTERNSHIPS FOR SIX TO TWELVE MONTHS AT US COMPANIES. 2858037 THE INTERNATIONAL VISITOR LEADERSHIP PROGRAM ("IVLP")IS THE FLAGSHIP PROFESSIONAL EXCHANGE PROGRAM OF THE U.S. DEPARTMENT OF STATE, BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS. IVLP BUILDS MUTUAL UNDERSTANDING THROUGH CAREFULLY DESIGNED SHORT-TERM VISITS TO THE UNITED STATES FOR CURRENT AND EMERGING FOREIGN LEADERS. EACH YEAR, IVLP BRINGS MORE THAN 4,500 PARTICIPANTS TO THE UNITED STATES FROM COUNTRIES ALL OVER THE WORLD TO MEET AND CONFER WITH THEIR PROFESSIONAL COUNTERPARTS AND GAIN FIRSTHAND KNOWLEDGE ABOUT THE UNITED STATES, ITS PEOPLE, POLICIES AND CULTURE. AS ONE OF ONLY EIGHT NATIONAL PROGRAM AGENCIES, CV WORKS IN COORDINATION WITH THE U.S. DEPARTMENT OF STATE TO ADMINISTER, DESIGN, AND IMPLEMENT IVLP PROGRAMS THAT DIRECTLY SUPPORT U.S. FOREIGN POLICY GOALS. 1423308 1495347 CV'S ROBERT BOSCH FOUNDATION FELLOWSHIP ENABLES YOUNG AMERICAN PROFESSIONALS TO PARTICIPATE IN AN EXTENSIVE WORK AND STUDY PROGRAM IN GERMANY. ALTHOUGH A PRIME GOAL OF THIS PROGRAM IS THE ADVANCEMENT OF TRANSATLANTIC RELATIONS, IT ALSO CONTRIBUTES TO THE PARTICIPANTS PROFESSIONAL COMPETENCE AND EXPERTISE, AND BROADENS THEIR CULTURAL HORIZONS. THE ALFA FELLOWSHIP PROGRAM IS A PROFESSIONAL DEVELOPMENT PROGRAM PROVIDING YOUNG AMERICAN AND BRITISH PROFESSIONALS WITH MEANINGFUL WORK EXPERIENCE IN THE MODERN BUSINESS, GOVERNMENT, PUBLIC POLICY, AND CULTURAL ENVIRONMENT OF RUSSIA. THE PROGRAM INCLUDES INTENSIVE RUSSIAN LANGUAGE TRAINING, SEMINAR PROGRAMS, AND EXTENDED PROFESSIONAL EXPERIENCE. 3149603 807633 CV'S OTHER PROGRAMS INCLUDE: CONGRESS-BUNDESTAG YOUTH EXCHANGE PROGRAM, A RECIPROCAL SCHOLARSHIP PROGRAM JOINTLY FUNDED BY THE U.S. DEPARTMENT OF STATE AND THE GERMAN BUNDESTAG (PARLIAMENT), IS DESIGNED TO GIVE PARTICIPANTS AN UNDERSTANDING OF EVERYDAY LIFE, EDUCATION AND PROFESSIONAL TRAINING IN GERMANY AND THE UNITED STATES. INTERNATIONAL ASSOCIATION FOR THE EXCHANGE OF STUDENTS FOR TECHNICAL EXPERIENCE ("IAESTE"), A RECIPROCAL EXCHANGE PROGRAM DEDICATED TO DEVELOPING GLOBAL SKILLS IN TOMORROW'S LEADERS THROUGH CAREER-BUILDING INTERNSHIPS FOR INTERNATIONAL AND AMERICAN STUDENTS MAJORING IN SCIENCE AND TECHNICAL FIELDS. THE IAESTE NETWORK CONSISTS OF ORGANIZATIONS IN MORE THAN 80 COUNTRIES AND CV IS THE NATIONAL AGENCY REPRESENTING THE UNITED STATES. INTERNSHIPS ABROAD OFFERS CUSTOMIZED PROFESSIONAL INTERNSHIP AND TRAINING PROGRAMS FOR AMERICAN STUDENTS AND YOUNG PROFESSIONALS IN ARGENTINA, CHILE, FRANCE, GERMANY, SPAIN, AND SWITZERLAND. IN 2013, THE CULTURAL VISTAS FELLOWSHIP WAS LAUNCHED, PROVIDING UP TO 12 FULL SCHOLARSHIPS FOR AMERICANS TO UNDERTAKE 3-MONTH INTERNSHIPS IN BERLIN, SINGAPORE AND BUENES AIRES, FULLY FUNDED BY CV. THE AMERICAN YOUTH LEADERSHIP PROGRAMS ("AYLP") ARE VIRTUAL AND INTERNATIONAL EXCHANGES SPONSORED BY GRANTS FROM THE U.S. DEPARTMENT OF STATE, BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS. THE THREE AYLP GRANTS ADMINISTERED BY CV TO JAPAN AND MALAYSIA/SINGAPORE HAVE DEVELOPED A CORPS OF AMERICAN HIGH SCHOOL STUDENTS AND EDUCATORS WHO HAVE AN UNDERSTANDING OF THE PEOPLE, CULTURE AND ISSUES OF ECOLOGY AND SUSTAINABILITY IN THESE COUNTRIES, AND ARE TRAINED TO PASS ON THEIR KNOWLEDGE TO OTHERS IN THEIR SCHOOLS AND COMMUNITIES. SHORT-TERM PROGRAMS SUCH AS GLOBAL CAREER LAUNCH AND U.S. EMBASSY STUDY TOURS PROVIDE STUDENTS AND YOUNG PROFESSIONALS THE OPPORTUNITY TO ENHANCE THEIR CAREER SKILLS AND GAIN KNOWLEDGE OF AMERICAN CULTURE AND BUSINESS PRACTICES THROUGH SEMINARS, COMPANY VISITS AND INTERNSHIPS FOR THREE WEEKS TO THREE MONTHS AT U.S. COMPANIES AND INSTITUTIONS. EDMUND S. MUSKIE INTERNSHIP PROGRAM IS A PROFESSIONAL DEVELOPMENT PROGRAM OFFERING CURRENT FULBRIGHT STUDENTS FROM EURASIA THE CHANCE TO APPLY SKILLS THEY ARE LEARNING IN THE CLASSROOM TO A WORKPLACE SETTING. 3149603 807633 13780181 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 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 1 138 0 110 1 0 1 GM 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CT FL GA IL KS KY MA MD ME MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WI WV X LINDA BOUGHTON 2124973500 440 PARK AVENUE SOUTH NEW YORK NY 10016 KARL GEERCKEN BOARD CHAIR 1.00 X X 0 0 0 JEFFREY REINKE VICE CHAIR 1.00 X X 0 0 0 CHARLES MEIER BOARD TREASURER 1.00 X X 0 0 0 JIM THOMAS BOARD SECRETARY 1.00 X X 0 0 0 ALPHA CONTEH BOARD MEMBER 1.00 X 0 0 0 ROBERT GORDON BOARD MEMBER 1.00 X 0 0 0 KEVIN GULLY BOARD MEMBER 1.00 X 0 0 0 NOEL KREICKER BOARD MEMBER 1.00 X 0 0 0 ASLAM MASOOD BOARD MEMBER 1.00 X 0 0 0 CHERYL MATHERLY BOARD MEMBER 1.00 X 0 0 0 CONNIE ASKIN BOARD MEMBER 1.00 X 0 0 0 PHYLLIS MITCHELL BOARD MEMBER 1.00 X 0 0 0 JACQUELINE RENNER BOARD MEMBER 1.00 X 0 0 0 HOWARD WALLACK BOARD MEMBER 1.00 X 0 0 0 FRED BUSH BOARD MEMBER 1.00 X 0 0 0 MARCELO KNOBEL BOARD MEMBER 1.00 X 0 0 0 HELGA FLORES-TREJO BOARD MEMBER 1.00 X 0 0 0 KIYOSHI MURAKAMI BOARD MEMBER 1.00 X 0 0 0 ROBERT FENSTERMACHER PRESIDENT AND CEO 40.00 X 181119 0 17500 LINDA BOUGHTON EXECUTIVE VP AND CFO 40.00 X 172716 0 28242 DANIEL EWERT VP OF PROGRAM RESEARCH 40.00 X 121261 0 12317 FRANCINE BLUME VP OF J-1 PROGRAMS 40.00 X 115316 0 0 WILLIAM MEIJA DIRECTOR OF IT 40.00 X 120023 0 6053 710435 0 64112 5 0 1 0 ADP ONE PENN PLAZA NEW YORK NY 10119 PAYROLL PROCESSING 143031 EVALON INC TWO CONCOURSE PARKWAY SUITE 800 ATLANTA GA 30328 MERCHANT CARD SERVICES 132569 2 4091016 81034 4172050 PROGRAM ADMINISTRATION FEES 900099 7729853 7729853 PROGRAM REVENUE 900099 3868987 3868987 11598840 227898 227898 5938953 5644721 294232 294232 294232 16293020 11598840 0 522130 780622 561786 191968 26868 4138597 3221801 903695 13101 18362 14533 3675 154 678229 536811 135710 5708 355960 281738 71226 2996 24159 24159 55172 55172 641732 503243 135745 2744 136175 98432 37113 630 810795 638770 166353 5672 393769 235872 157552 345 125547 101693 22599 1255 42580 34490 7664 426 PARTICIPANT EXPENSES 7078405 7078405 CREDIT CARD FEES 185891 174583 11284 24 POSTAGE 135305 125119 10175 11 TELECOMMUNICATIONS 101609 80046 20921 642 144138 92859 50593 686 15847047 13780181 2005604 61262 2163065 2080200 85021 102521 133573 381789 789914 525906 266546 264008 8133947 8346442 130309 277547 10912461 11452507 121113 209982 720656 731436 1216773 1217229 2058542 2158647 X 8166417 8606351 70116 68766 617386 618743 8853919 9293860 10912461 11452507 445973 -6032 0 X X 0 1 X 1 1 1 X 22335 1360235 3614651 3259521 4172050 12428792 4377357 9635791 10352371 11987781 11598840 47952140 4399692 10996026 13967022 15247302 15770890 60380932 0 0 0 60380932 116883 153750 124158 198582 227898 821271 116883 153750 124158 198582 227898 821271 155 15185 15340 4516730 11164961 14091180 15445884 15998788 61217543 0.98630 0.98470 0.01340 0.01490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1419917 1357 47922 93084 1376112 1297999 146974 63294 88350 1419917 1174380 123425 39869 39675 1297999 0 1170426 36285 32331 1174380 0.50040 0.44960 0.05000 0 0 789914 525906 264008 264008 DEPOSITS FROM PARTICIPANTS 302121 DEFERRED RENT 157177 ADVANCES FROM GRANTORS 757931 1217229 X 16286988 -6032 -6032 16293020 0 16293020 15847047 0 15847047 0 15847047 PART V, LINE 4: SCHOLARSHIP FOR AMERICAN PARTICIPANTS IN PROGRAMS ABROAD. PART X, LINE 2: CULTURAL VISTAS, INC. (CV) HAS NO UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. CV IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS EUROPE 0 1 PROGRAM SERVICE FACILITATION OF MARKETING AND LOCAL LOGISTICS FOR CERTAIN EXCHANGE PROGRAMS. 214652 HONG KONG 0 1 PROGRAM SERVICE FACILITATION OF MARKETING AND LOCAL LOGISTICS FOR CERTAIN EXCHANGE PROGRAMS. 13000 SINGAPORE & MALAYSIA 0 0 PROGRAM SERVICE FACILITATION OF MARKETING AND LOCAL LOGISTICS FOR CERTAIN EXCHANGE PROGRAMS. 22803 0 2 0 0 0 2 250455 0 250455 0 0 0 0 0 0 PART I, LINE 2: PARTICIPANTS ACCEPTED TO A CULTURAL VISTAS INTERNSHIP PROGRAM ABROAD CAN APPLY FOR A SCHOLARSHIP THROUGH A PROGRAM MANAGER AT CULTURAL VISTAS. SCHOLARSHIPS ARE AWARDED TO PARTICIPANTS PURSUING UNPAID INTERNSHIPS OR REQUIRING ADDITIONAL TRAINING. RECIPIENTS SUBMIT REPORTS ABOUT THEIR PROGRAM ACTIVITY RELATED TO THEIR SCHOLRSHIP. SCHOLARSHIP FUNDS ARE SEGREGATED IN A FUND ACCOUNTING SYSTEM. PART I, LINE 3: ACCRUAL METHOD. 1 SCHOLARSHIP FOR INTERNSHIP ABROAD PROGRAM 39 0 49272 PART I, LINE 2: SCHEDULE I, PART I, LINE 1: PARTICIPANTS ACCEPTED TO A CULTURAL VISTAS, INC.'S (CV'S) INTERNSHIP PROGRAM IN ARGENTINA, GERMANY, OR SPAIN CAN APPLY TO THE CV'S SCHOLARSHIP FUND. SCHOLARSHIPS ARE AWARDED TO PARTICIPANTS PURSUING UNPAID INTERNSHIPS AND ARE BASED ON DEMONSTRATED NEED. A CV PROGRAM OFFICER WILL PROVIDE ACCEPTED PARTICIPANTS WITH A SCHOLARSHIP APPLICATION. FUNDS DISBURSED ARE SEGREGATED IN A FUND ACCOUNTING SYSTEM. RECIPIENTS SUBMIT REPORTS ABOUT THEIR PROGRAM ACTIVITY RELATED TO A SCHOLARSHIP. X X X 1 0 0 0 0 0 0 0 0 ROBERT FENSTERMACHER PRESIDENT AND CEO 181119 0 0 0 0 0 17500 0 0 0 198619 0 0 0 LINDA BOUGHTON EXECUTIVE VP AND CFO 165216 0 7500 0 0 0 8388 0 19854 0 200958 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE IN DETAIL. ONCE IT HAS PASSED THEIR APPROVAL, THE INFORMATION RETURN IS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW. THE BOARD IS ASKED TO COMMENT AFTER RECEIVING THE FORM 990. IF NO COMMENTS ARE RECEIVED WITHIN ONE WEEK, THE FORM 990 WILL BE FILED AS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ASKED TO RESPOND TO THE CONFLICT OF INTEREST POLICY ANNUALLY. ALL OPEN ITEMS ARE REVIEWED. ADDITIONALLY, ANY CONFLICTS THAT ARISE IN THE INTERIM ARE TO BE REPORTED TO THE BOARD CHAIR IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF ITS CEO: 1)FORM 990 OF OTHER ORGANIZATIONS, 2)APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.