2012-11-09T08:59:56-06:00 2011-12-31 221478099 COHNREZNICK LLP 1212 6TH AVENUE NEW YORK NY 10036 990 2011-01-01 133449415 INTEREXCHANGE INC INTE 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 CHRISTINE LA MONICA-LUNN 2129240446 2012-11-05 1 THOMAS LANNING P00851654 2122970400 2011 2016-02-24 21:20:13Z CHRISTINE LA MONICA-LUNN 161 SIXTH AVENUE NEW YORK NY 10013 14689173 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. 6 4 93 0 0 0 0 0 9878374 9081964 478116 513272 12790 522 10369280 9595758 66700 42055 0 0 3450178 3893700 0 0 0 6465666 6742448 9982544 10678203 386736 -1082445 32502989 29932027 3529097 2881050 28973892 27050977 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 3678304 3953012 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. IN 2011, THE PROGRAM IMPLEMENTED MATCHING AND COMMUNICATION SOLUTIONS TO SIMPLIFY THE PROCESS BETWEEN HOST FAMILIES AND AU PAIRS YIELDING GREATER OPPORTUNITIES FOR IMPROVED CROSS-CULTURAL RELATIONSHIPS. 2246443 3845636 WORK & TRAVEL USA - THE ORGANIZATION PROVIDED AND FACILITATE 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 SUPERVISION. 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. IN 2011, THE PROGRAM IMPLEMENTED NEW PROCESSES FOR COMPLIANCE WITH CHANGING REGULATIONS AND RESTRICTIONS WHICH REDUCED PROGRAM SIZE. 605657 760116 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. IN 2011, THE PROGRAM CONTINUED TO SEE GROWING INTEREST BY US EMPLOYERS IN HOSTING INTERNATIONAL TRAINEES AND INTERNS. 634449 42055 523200 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 AMERICAS 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. IN 2011, INTEREST IN THE PROGRAM FROM INTERNATIONAL COUNSELOR PARTICIPANTS AND AMERICAN SUMMER CAMPS REMAINED AT ENCOURAGING LEVELS.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. IN 2011, THE TREND FOR PROGRAMS WITH HOMESTAY OPTIONS SUCH AS TEACHING ENGLISH AND AU PAIRING, AND PROGRAMS IN SPANISH-SPEAKING COUNTRIES REMAINED STRONG.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. IN 2011, THE FOUNDATION RECEIVED 53 GRANT APPLICATIONS OUT OF WHICH 13 WERE AWARDED GRANTS. THE COUNTRIES WHERE OUR CHRISTIANSON GRANT RECIPIENTS WORKED WERE BOLIVIA, UGANDA, KENYA, INDIA (3), MEXICO AND SOUTH AFRICA. THE COUNTRIES WHERE OUR WORKING ABROAD GRANT RECIPIENTS WORKED WERE FRANCE (3), PERU (2) AND SPAIN. 634449 42055 523200 7164853 1 0 0 0 0 0 0 0 0 0 1 1 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 0 1 107 0 1 93 1 0 1 GM 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X HOPE CHECKLEY FINANCE DIRECTOR 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 UTA CHRISTIANSON 21.00 X X 11420 0 0 PAUL CHRISTIANSON 21.00 X X 11420 0 0 BARBARA GILLIAM 2.00 X 0 0 0 WELF EBELING 2.00 X 0 0 0 JANICE JENG 2.00 X 0 0 0 MARIE MISSALEK 2.00 X 0 0 0 CHRISTINE LA MONICA-LUNN 40.00 X 190123 0 18746 HOPE CHECKLEY 40.00 X 109001 0 25334 MICHAEL MCHUGH 40.00 X 117624 0 12033 CASEY SLAMIN 40.00 X 116712 0 8196 NICOLE SANTOMASSO 40.00 X 116469 0 14280 RONALD HERNANDEZ 40.00 X 103350 0 10209 LARRY ROTHCHILD 40.00 X 112862 0 8785 888981 0 97583 7 0 1 0 0 PROGRAM FEES 900099 9081964 9081964 9081964 405842 405842 5200845 5093415 107430 107430 107430 MISC INCOME 900099 522 522 522 9595758 9082486 0 513272 42055 42055 381516 182929 198587 2910659 1653737 1256922 173512 173512 164324 164324 263689 156177 107512 37186 33186 4000 91813 22813 69000 10769 10769 11155 5237 5918 256620 194739 61881 1429058 1076229 352829 288524 180240 108284 529706 321 529385 1101380 1101380 303428 274576 28852 231660 231660 1169880 1049439 120441 LOCAL COORDINATOR FEES 654268 654268 COOPERATIVE SERVICES 386880 386880 BAD DEBT EXPENSE 147809 147809 EQUIPMENT RENTAL & MAIN 76963 76963 15349 2838 12511 10678203 7164853 3513350 0 332603 526653 4757250 2253014 864525 1211059 111718 103697 1884655 878349 1225195 1006306 19116557 18183215 6004834 6585361 90307 62722 32502989 29932027 897585 664713 2395295 1954437 236217 261900 3529097 2881050 X 28973892 27050977 28973892 27050977 32502989 29932027 X -1082445 -840470 X X 0 1 1 X 0 X 12195035 13054011 9907947 9878374 9081964 54117331 12195035 13054011 9907947 9878374 9081964 54117331 0 0 0 54117331 603965 627209 103935 417816 405842 2158767 603965 627209 103935 417816 405842 2158767 6484 1060 5033 12790 522 25889 12805484 13682280 10016915 10308980 9488328 56301987 0.96120 0.95840 0.03830 0.04080 X 1016416 424212 592204 868239 454137 414102 1006306 VARIABLE ANNUITIES 5558362 F MANAGED FEATURES 1026999 F 6585361 DEFERRED RENT 261900 261900 9595758 10678203 -1082445 -840470 -840470 -1922915 8755288 -840470 -840470 9595758 0 9595758 10678203 0 10678203 0 10678203 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011. INFORMATION RETURNS PRIOR TO FISCAL YEAR 2008 ARE CLOSED. 1 CHRISTIANSON GRANTS 10 36055 WORK ABROAD GRANTS 4 6000 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 190123 0 0 0 0 0 9720 0 9026 0 208869 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PAUL CHRISTIANSON, SECRETARY, HAS A FAMILY RELATIONSHIP WITH UTA CHRISTIANSON, PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11 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 EXECUTIVE DIRECTOR AND OTHER OFFICERS TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE ARE VOTED ON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -840,470. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.