2011-11-14T14:24:49-06:00 2010-12-31 JH COHN LLP 1212 6TH AVENUE NEW YORK NY 10036 990 2010-01-01 133449415 INTEREXCHANGE INC INTE 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 MS CHRISTINE LA MONICA-LUNN 2129240446 2011-11-14 1 2122970400 2010 2016-02-24 21:20:13Z MS CHRISTINE LA MONICA-L 161 SIXTH AVENUE NEW YORK NY 10013 18463939 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. 4 2 80 0 0 0 0 0 9907947 9878374 103935 478116 5033 12790 10016915 10369280 54500 66700 0 0 3523427 3450178 0 0 0 6016824 6465666 9594751 9982544 422164 386736 26837871 32502989 207293 3529097 26630578 28973892 X SEE SCHEDULE 0 0 1 2729620 3862565 SEE SCHEDULE O 1277011 4246737 SEE SCHEDULE O 191300 578778 SEE SCHEDULE O 2155199 1190294 SEE SCHEDULE O 2155199 1190294 6353130 1 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 1 216 0 1 80 1 0 1 GM 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X INTEREXCHANGE INC 2129240446 161 SIXTH AVENUE NEW YORK NY 10013 UTA CHRISTIANSON 21.00 X X 11460 0 0 PAUL CHRISTIANSON 21.00 X X 11460 0 0 BARBARA GILLIAM 2.00 X 0 0 0 WELF EBELING 2.00 X 0 0 0 CHRISTINE LA MONICA-LUNN 40.00 X 187302 0 16361 HOPE CHECKLEY 40.00 X 112749 0 7517 LARRY ROTHCHILD 40.00 X 118998 0 11690 MICHAEL MCHUGH 40.00 X 101732 0 10905 CASEY SLAMIN 40.00 X 100032 0 7680 643733 0 54153 5 0 1 0 TONY WHITE DESIGNS 118 REMSEN STREET BROOKLYN NY 11201 DATABASE CONSULTANT 110794 1 PROGRAM FEES 900099 9878374 9878374 9878374 417816 417816 8154959 8094659 60300 60300 60300 PRIOR YEAR ADJUSTMENT 900099 12790 12790 12790 10369280 9891164 0 478116 66700 66700 346849 346849 2597458 1422144 1175314 70692 70692 191811 191811 243368 138195 105173 82120 66238 15882 47848 21746 26102 21511 21511 7937 7937 290020 206505 83515 1337370 1144285 193085 128407 72133 56274 514533 514533 981097 976145 4952 313260 275037 38223 202522 202522 886695 812220 74475 LOCAL COORDINATOR FEES 689653 689653 COOPERATIVE SERVICES 449815 449815 BAD DEBT EXPENSE 249341 249341 BANK CHARGES & FEES 120409 423 119986 EQUIPMENT RENTAL & MAIN 70295 299 69996 72833 3655 69178 9982544 6353130 3629414 0 129646 332603 3226897 4757250 864525 111718 1871884 646689 1046990 1225195 18869624 19116557 3463462 6004834 101252 90307 26837871 32502989 897585 2395295 207293 236217 207293 3529097 X 26630578 28973892 26630578 28973892 26837871 32502989 X 386736 1956578 X X 0 1 1 X 0 X 11088453 12195035 13054011 9907947 9878374 56123820 11088453 12195035 13054011 9907947 9878374 56123820 0 0 0 56123820 635575 603965 627209 103935 417816 2388500 635575 603965 627209 103935 417816 2388500 22631 6484 1060 5033 12790 47998 11746659 12805484 13682280 10016915 10308980 58560318 0.95840 0.95800 0.04080 0.04100 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12 DOES NOT INCLUDE $60,300 OF GAIN FROM SALE ON SECURITIES AS PER IRS INSTRUCTIONS. 1016416 336050 680366 855468 310639 544829 1225195 VARIABLE ANNUITIES 6004834 F 6004834 DEFERRED RENT 236217 236217 10369280 9982544 386736 1442746 513832 1956578 2343314 11799236 1442746 1442746 10356490 12790 12790 10369280 9969754 -12790 -12790 9982544 0 9982544 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, 2010. INFORMATION RETURNS PRIOR TO FISCAL YEAR 2007 ARE CLOSED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CUMULATIVE EFFECT OF CHANGE IN BASIS OF ACCOUNTING 513,832. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR ADJUSTMENT RECLASSED TO REVENUE 12,790. PART XIII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR ADJUSTMENT RECLASSED TO REVENUE -12,790. 1 CHRISTIANSON GRANTS 17 57700 WORK ABROAD GRANTS 6 9000 X X X X 0 0 0 0 0 0 0 0 0 CHRISTINE LA MONICA-LUNN 187302 0 0 0 0 0 9540 0 6821 0 203663 0 0 0 ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 - ORGANIZATION MISSION INTEREXCHANGE IS DEDICATED TO PROMOTING CULTURAL AWARENESS THROUGH A WIDE RANGE OF WORK AND TRAVEL, 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, AND WORK HARD TO ENSURE A REWARDING AND ENRICHING EXPERIENCE FOR EVERYONE. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 IN 2010, DUE TO CHANGES IN REGULATORY ENVIRONMENT, THE H-2B VISA USA -PROGRAM WAS DISCONTINUED BY INTEREXCHANGE MID-YEAR. SEE SCHEDULE O "FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES" FOR MORE INFORMATION. PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS 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 2010, THE PERSISTENCE OF HIGH UNEMPLOYMENT RATES FOR AMERICAN HOST FAMILIES POSED A CHALLENGE TO MATCHING ALL QUALIFIED AU PAIR PARTICIPANTS. PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4B - PROGRAM SERVICE ACCOMPLISHMENTS WORK & TRAVEL USA - THE ORGANIZATION PROVIDED PLACEMENTS FOR INTERNATIONAL UNIVERSITY STUDENTS IN ENTRY-LEVEL SEASONAL 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 2010, THERE WAS CONTINUED INTEREST IN THE PROGRAM BY BOTH US HOST EMPLOYERS AND INTERNATIONAL STUDENTS. PROGRAM SERVICE STATEMENT FORM 990, PART III, LINE 4C - PROGRAM SERVICE ACCOMPLISHMENTS 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 2010, THE PROGRAM SAW RENEWED INTEREST BY US EMPLOYERS IN HOSTING INTERNATIONAL TRAINEES AND INTERNS. FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES 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. 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 AND GHANA; 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. H-2B VISA USA - THE ORGANIZATION FACILITATED THE PLACEMENT OF INTERNATIONAL WORKERS SEEKING SEASONAL WORK OPPORTUNITIES WITH AMERICAN HOST EMPLOYERS UNABLE TO SECURE ADEQUATE LEVELS OF AMERICAN EMPLOYEES. ENTRY-LEVEL PLACEMENTS WERE SECURED IN HOTELS AND RESTAURANTS IN RESORT COMMUNITIES, COUNTRY CLUBS, AMUSEMENT PARKS AND SKI RESORTS. ALL PLACEMENTS INCLUDED ACCOMMODATION FOR THE PARTICIPANTS. THE PROGRAM SERVICES INCLUDED A SELECTION PROCESS INCLUDING PERSONAL INTERVIEWS WITH ALL PARTICIPANTS, PRE-DEPARTURE ORIENTATIONS AND PROGRAM SUPPORT AND MONITORING. THROUGH THESE EXPERIENCES PARTICIPANTS GET A CLOSER LOOK AT LIFE IN AMERICA AND IMPROVE THEIR ENGLISH LANGUAGE SKILLS. THEIR EXPERIENCE CAN LAST A LIFETIME, SHAPING THEIR FUTURE GOALS AND VIEWS OF THE WORLD. IN 2010, DUE TO CHANGES IN THE REGULATORY ENVIRONMENT, THIS PROGRAM WAS DISCONTINUED BY INTEREXCHANGE MID-YEAR. 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 2010, THE FOUNDATION RECEIVED 54 GRANT APPLICATIONS OUT OF WHICH 23 WERE AWARDED GRANTS TOTALING $66,700.00 PROGRAMS FUNDED INCLUDED PROJECTS IN AUSTRALIA, BOLIVIA, BURUNDI, FRANCE, GUATEMALA, INDIA, MEXICO, PERU, RWANDA, SOUTH AFRICA AND SPAIN. FORM 990, PART VI, SECTION A, LINE 2 PAUL AND UTA CHRISTIANSON ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS 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 KEY EMPLOYEES 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 AUDITED FINANCIAL STATEMENTS ARE FILED WITH THE NYS CHARITIES BUREAU, ALONG WITH THE FORM 990, AND ARE MADE AVAILABLE TO THE PUBLIC VIA THEIR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,442,746. CUMULATIVE EFFECT OF CHANGE IN BASIS OF ACCOUNTING 513,832. TOTAL TO FORM 990, PART XI, LINE 5: 1,956,578. FORM 990, PART XI, LINE 2C INTEREXCHANGE HAS A COMMITTEE AND THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.