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Nonprofiteer
← ASSOCIATION FOR CULTURAL INTERCHANGE INC

Form 990 for tax year 2022

Filed by ASSOCIATION FOR CULTURAL INTERCHANGE INC.

Totals

Total revenue
$5,933,961
Total expenses
$6,787,299
Contributions and grants received
$2,572,540
Grants paid
$1,553,703
Program service revenue
$1,024,030
Investment income
$3,857,558
Other revenue
-$1,520,167
Total assets, end of year
$211,426,576
Total liabilities, end of year
$147,856
Net assets or fund balances, end of year
$211,278,720
Program services expenses (Part IX)
$5,872,199
Management and general expenses
$915,100
Fundraising expenses
$0
Program service expenses (Part III)
$5,872,199

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,572,540

  • 2a · Program service revenue: SAXUM CONFERENCE CENTER

    total $876,315 · related or exempt $876,315

  • 2b · Program service revenue: SERVICE AGREEMENTS

    total $81,672 · related or exempt $81,672

  • 2c · Program service revenue: PROGRAM LOAN INTEREST

    total $66,043 · related or exempt $66,043

  • 3 · Investment income

    total $2,249,183 · excluded $2,249,183

  • 7a · Gross sales of assets other than inventory

    securities $39,087,509

  • 7b · Less cost or other basis and sales expenses

    securities $37,479,134

  • 7c · Gain or loss

    securities $1,608,375

  • 7d · Net gain or loss

    total $1,608,375 · excluded $1,608,375

  • 11a · Other revenue: PARTNERSHIP EARNINGS (LOSS)

    total -$1,520,167 · excluded -$1,520,167

  • 11e · Other revenue, total

    -$1,520,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,000 · program services $103,000

  • 3 · Grants to foreign organizations and individuals

    total $1,450,703 · program services $1,450,703

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · program services $78,750 · management and general $26,250

  • 7 · Other salaries and wages

    total $378,411 · program services $265,390 · management and general $113,021

  • 9 · Other employee benefits

    total $10,968 · program services $8,226 · management and general $2,742

  • 10 · Payroll taxes

    total $12,158 · program services $9,505 · management and general $2,653

  • 11a · Fees: management

    total $317,671 · program services $20,155 · management and general $297,516

  • 11b · Fees: legal

    total $9,239 · program services $9,239

  • 11c · Fees: accounting

    total $11,723 · management and general $11,723

  • 11f · Fees: investment management

    total $437,089 · management and general $437,089

  • 13 · Office expenses

    total $31,216 · program services $28,520 · management and general $2,696

  • 14 · Information technology

    total $17,346 · program services $11,521 · management and general $5,825

  • 16 · Occupancy

    total $658,867 · program services $645,730 · management and general $13,137

  • 17 · Travel

    total $8,112 · program services $6,837 · management and general $1,275

  • 22 · Depreciation, depletion and amortization

    total $2,913,293 · program services $2,913,293

  • 23 · Insurance

    total $31,977 · program services $31,977

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $270,442 · program services $270,442

  • 24b · Other expenses: MARKETING

    total $12,408 · program services $12,408

  • 24c · Other expenses: BANK AND CREDIT CARD FE

    total $7,676 · program services $6,503 · management and general $1,173

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,364 · end of year $9,847

  • 2 · Savings and temporary cash investments

    beginning of year $2,416,345 · end of year $2,095,830

  • 10a · Land, buildings and equipment: cost or other basis

    $108,092,191

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,213,471

  • 10c · Land, buildings and equipment, net

    beginning of year $72,365,698 · end of year $62,878,720

  • 11 · Investments: publicly traded securities

    beginning of year $132,208,125 · end of year $119,006,655

  • 12 · Investments: other securities

    beginning of year $14,207,159 · end of year $17,887,432

  • 13 · Investments: program-related

    beginning of year $12,311,914 · end of year $9,265,903

  • 15 · Other assets

    beginning of year $154,331 · end of year $282,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,969 · end of year $147,856

  • 27 · Net assets without donor restrictions

    beginning of year $187,310,833 · end of year $168,925,244

  • 28 · Net assets with donor restrictions

    beginning of year $46,045,134 · end of year $42,353,476

Mission and programs · 2022

Mission

ACI PROVIDES A PROGRAM OF SUPPORT AND ASSISTANCE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL AND VOCATIONAL TRAINING INSTITUTIONS FROM ELEMENTARY LEVEL THROUGH GRADUATE STUDIES. ACI EMPHASIZES THE PROMOTION OF INTERNATIONAL UNDERSTANDING AND THE INTERCHANGE OF IDEAS AND CULTURAL ACTIVITIES AMONG PEOPLE OF DIFFERENT NATIONS. ACI'S PROGRAM IS CARRIED OUT IN THE UNITED STATES AND FOREIGN COUNTRIES. ACI ACHIEVES THIS BY PROVIDING GRANTS AND LOANS THAT ARE INTEREST-FREE OR BEAR BELOW-MARKET INTEREST RATES TO ORGANIZATIONS THAT FOSTER AND FACILITATE CHARITABLE AND EDUCATIONAL PROGRAMS. ACI ALSO OWNS AND MAINTAINS REAL PROPERTY FACILITIES IN ITALY AND ISRAEL. THOSE FACILITIES ARE MADE AVAILABLE RENT-FREE TO EDUCATIONAL AND CULTURAL INSTITUTIONS OPERATED BY NOT-FOR-PROFIT ORGANIZATIONS. ACI ALSO OWNS AND OPERATES THE SAXUM CENTER IN ISRAEL WHICH OFFERS WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER PROVIDING ORIENTATION FOR PILGRIMS TO THE HOLY LAND.

Activities or mission (Part I)

ACI PROVIDES A PROGRAM OF SUPPORT AND ASSISTANCE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL AND VOCATIONAL TRAINING INSTITUTIONS FROM ELEMENTARY LEVEL THROUGH GRADUATE STUDIES. ACI EMPHASIZES THE PROMOTION OF INTERNATIONAL UNDERSTANDING AND THE INTERCHANGE OF IDEAS AND CULTURAL ACTIVITIES AMONG PEOPLE OF DIFFERENT NATIONS. ACI'S PROGRAM IS CARRIED OUT IN THE UNITED STATES AND FOREIGN COUNTRIES.ACI ACHIEVES THIS BY PROVIDING GRANTS AND PROGRAM LOANS, AS WELL AS THE USE OF PHYSICAL FACILITIES, TO ORGANIZATIONS IN THE UNITED STATES AND OTHER COUNTRIES THAT OPERATE IN FURTHERANCE OF ACI'S MISSION. ACI ALSO OWNS AND OPERATES THE SAXUM CENTER ("SAXUM") IN ABU GOSH, ISRAEL. SAXUM CONSISTS OF A CONFERENCE CENTER WHICH OPERATES WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AND A VISITOR CENTER PROVIDING ORIENTATION AND INFORMATION RESOURCES FOR INDIVIDUALS AND GROUPS VISITING THE HOLY LAND.

  • MADE EDUCATIONAL AND TRAINING GRANTS TO 9 FOREIGN AND 2 DOMESTIC INSTITUTIONS.MANAGED PROGRAM LOANS TO 10 FOREIGN AND 3 DOMESTIC INSTITUTIONS.

    Expenses $1,607,515 · Grants $1,553,703 · Revenue $66,043

  • DEVELOPED AND MAINTAINED INSTITUTIONAL PROPERTIES IN JERUSALEM AND ROME USED BY CHARITABLE, EDUCATIONAL AND TRAINING INSTITUTIONS. PROGRAM EXPENSES INCLUDE $874,248 IN PROPERTY DEPRECIATION.

    Expenses $946,066

  • SAXUM CENTER CONSISTS OF A CONFERENCE CENTER WHICH OPERATES WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER. PROGRAM EXPENSES INCLUDE $2,039,045 IN PROPERTY DEPRECIATION.

    Expenses $3,237,630 · Revenue $876,315

  • SERVICE AGREEMENTS WITH OTHER 501(C)(3) ORGANIZATIONS.

    Expenses $80,988 · Revenue $81,672

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Federico Riera-Marsa

    V.P./TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • William P Orchard

    EXEC. DIR./PRESIDENT/DIREC

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Luis E Tellez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John E Fagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John F Sweeney

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Barry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julien Nagore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SAXUM LTD (CC)

    HOLY LAND CONFERENCE AND VISITOR CENTER · IS

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349326211

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