2013-09-24T13:32:50-05:00 2012-12-31 221478099 COHNREZNICK LLP 1212 6TH AVENUE NEW YORK NY 10036 990 2012-01-01 133449415 INTEREXCHANGE INC INTE 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 LEE ANDREWS 2129240446 2013-09-20 1 THOMAS LANNING P00851654 2122970400 2012 2016-02-24 21:20:13Z CHRISTINE LA MONICA-LUNN 161 SIXTH AVENUE NEW YORK NY 10013 10529434 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 90 0 0 0 0 0 9081964 8873355 513272 735160 522 0 9595758 9608515 42055 51608 0 0 3893700 4035869 0 0 0 6742448 6974293 10678203 11061770 -1082445 -1453255 29932027 30294666 2881050 3761250 27050977 26533416 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 3569933 3858613 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. 2158928 3581364 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. 628461 773130 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. 508888 421760 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. 262203 236538 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. 128699 51608 1950 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. 899790 51608 660248 7257112 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 97 0 1 90 1 0 1 GM 0 0 0 0 0 0 0 0 X 7 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LEE ANDREWS CFO 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 BARBARA GILLAM 2.00 X 0 0 0 CHRISTINE LA MONICA-LUNN 40.00 X X 189685 0 27715 JANICE JENG 2.00 X 0 0 0 LEE ANDREWS 40.00 X X 58110 0 22790 MARIE MISSALEK 2.00 X 0 0 0 NICOLE SANTOMASSO 40.00 X X 123127 0 25153 PAUL CHRISTIANSON 2.00 X 11420 0 0 WELF EBELING 2.00 X 0 0 0 CASEY SLAMIN 40.00 X 121792 0 19503 HOPE CHECKLEY 40.00 X 110355 0 28788 MICHAEL MCHUGH 40.00 X 124284 0 14394 RONALD HERNANDEZ 40.00 X 114963 0 9847 853736 0 148190 6 0 1 0 TONY WHITE DESIGNS 44 BUTLER PLACE BROOKLYN NY 11238 SOFTWARE DEVELOPMENT 129656 1 PROGRAM FEES 900099 8873355 8873355 8873355 547902 547902 1108177 920919 187258 187258 187258 9608515 8873355 0 735160 51608 51608 458000 223954 234046 3036392 1774898 1261494 81160 81160 180052 1395 178657 280265 164187 116078 39829 35021 4808 64128 18628 45500 43700 43700 47210 2380 44830 285819 253661 32158 1022261 730781 291480 460408 163461 296947 541436 541436 1101247 1097429 3818 293413 224394 69019 278979 278979 1012368 900555 111813 LOCAL CORDINATOR FEE 621081 621081 0 COOPERATIVE SERVICES 454760 436912 17848 BAD DEBT 301617 305617 -4000 ORIENTATIONS 243640 243640 0 162397 7510 154887 11061770 7257112 3804658 0 526653 411803 2253014 9129779 1211059 1084840 62722 73756 103697 119324 2462054 1157328 1006306 1304726 18183215 16997294 6585361 1173144 29932027 30294666 664713 1468040 1954437 2029095 261900 264115 2881050 3761250 X 27050977 26533416 27050977 26533416 29932027 30294666 -1453255 935694 0 X X 0 1 X 1 0 X 13054011 9907947 9878374 9081964 8873355 50795651 13054011 9907947 9878374 9081964 8873355 50795651 0 0 0 50795651 627209 103935 417816 405842 547902 2102704 627209 103935 417816 405842 547902 2102704 1060 5033 12790 522 19405 13682280 10016915 10308980 9488328 9421257 52917760 0.95990 0.96120 0.03970 0.03830 X 1016416 512374 504042 1215962 481465 734497 229676 163489 66187 1304726 DEFERRED RENT 264115 264115 X 10544209 935694 935694 9608515 0 9608515 11061770 0 11061770 0 11061770 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012. INFORMATION RETURNS PRIOR TO FISCAL YEAR 2009 ARE CLOSED. 1 CHRISTIANSON GRANTS 12 44108 WORK ABROAD GRANTS 5 7500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 189685 0 0 0 0 0 9720 0 17995 0 217400 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE CHANGES TO THEIR BYLAWS DURING THE CURRENT YEAR. MOST OF THE CHANGES MODIFIED THE DATES AND PROCEDURES TO CARRYING OUT MEETINGS. A FEW OF THE OTHER HIGHLIGHTS INCLUDED: 1) CREATING THE AUDIT COMMITTEE, COMPENSATION COMMITTEE, AND INVESTMENT COMMITTEE 2) RAISED THE REQUIRED NUMBER OF BOARD OF DIRECTORS FROM 3 TO 5 3) REDEFINED THE DUTIES OF THE OFFICERS 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 WERE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND SUGGEST EDITS. PRIOR TO MAKING SUGGESTED EDITS, OUR AUDITOR WAS 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 BOARD 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: AN AUDIT COMMITTEE WAS FORMED DURING THE DECEMBER BOARD MEETING TO OVERSEE THE AUDIT AND TAX PROCESSES.