Form 990 for tax year 2024
Filed by FOUNDATION FOR INTERNATIONAL UNDERSTANDING THROUGH STUDENTS.
Totals
- Total revenue
- $1,045,307
- Total expenses
- $1,199,186
- Contributions and grants received
- $301,983
- Grants paid
- $0
- Program service revenue
- $740,807
- Investment income
- $304
- Other revenue
- $2,213
- Total assets, end of year
- $190,146
- Total liabilities, end of year
- $515,191
- Net assets or fund balances, end of year
- -$325,045
- Program services expenses (Part IX)
- $1,048,892
- Management and general expenses
- $112,732
- Fundraising expenses
- $37,562
- Program service expenses (Part III)
- $1,048,892
Program services were 87.5% 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.
-
1b · Membership dues
$500
-
1e · Government grants (contributions)
$83,395
-
1f · All other contributions, gifts and grants
$218,088
-
2a · Program service revenue: Visiting Programs
total $714,624 · related or exempt $714,624
-
2b · Program service revenue: Activity Fees
total $8,878 · related or exempt $8,878
-
2c · Program service revenue: Student Programs
total $17,305 · related or exempt $17,305
-
6a · Gross rents
real property $173
-
6c · Rental income or loss
real property $173
-
6d · Net rental income or loss
total $173 · related or exempt $173
-
7a · Gross sales of assets other than inventory
securities $6,700
-
7b · Less cost or other basis and sales expenses
securities $6,396
-
7c · Gain or loss
securities $304
-
7d · Net gain or loss
total $304 · excluded $304
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Cashback Rewards
total $2,040 · related or exempt $2,040
-
11e · Other revenue, total
$2,040
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,742 · program services $79,609 · management and general $7,688 · fundraising $5,445
-
7 · Other salaries and wages
total $319,204 · program services $274,004 · management and general $26,460 · fundraising $18,740
-
8 · Pension plan contributions
total $4,210 · program services $3,610 · management and general $318 · fundraising $282
-
9 · Other employee benefits
total $13,693 · program services $10,930 · management and general $1,545 · fundraising $1,218
-
10 · Payroll taxes
total $38,452 · program services $32,141 · management and general $4,111 · fundraising $2,200
-
11c · Fees: accounting
total $12,348 · management and general $12,348
-
11g · Fees: other
total $46,642 · program services $42,952 · management and general $2,922 · fundraising $768
-
12 · Advertising and promotion
total $9,470 · program services $8,315 · management and general $866 · fundraising $289
-
13 · Office expenses
total $16,272 · program services $14,556 · management and general $453 · fundraising $1,263
-
14 · Information technology
total $9,317 · program services $7,127 · management and general $1,811 · fundraising $379
-
16 · Occupancy
total $63,783 · program services $51,026 · management and general $8,930 · fundraising $3,827
-
20 · Interest
total $39,570 · management and general $39,570
-
23 · Insurance
total $12,939 · program services $10,593 · management and general $2,116 · fundraising $230
-
24a · Other expenses: Student Activities
total $512,717 · program services $509,518 · management and general $2,807 · fundraising $392
-
24b · Other expenses: Staff & Volunteer Expenses
total $1,314 · program services $1,004 · management and general $266 · fundraising $44
-
24e · All other expenses
total $6,513 · program services $3,507 · management and general $521 · fundraising $2,485
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,910 · end of year $32,491
-
4 · Accounts receivable
beginning of year $185,370 · end of year $15,830
-
9 · Prepaid expenses and deferred charges
beginning of year $76,799 · end of year $9,286
-
15 · Other assets
beginning of year $196,158 · end of year $132,539
-
17 · Accounts payable and accrued expenses
beginning of year $146,455 · end of year $147,962
-
19 · Deferred revenue
beginning of year $172,182 · end of year $116,327
-
24 · Unsecured notes and loans payable
beginning of year $100,644 · end of year $96,132
-
25 · Other liabilities
beginning of year $222,550 · end of year $154,770
-
27 · Net assets without donor restrictions
beginning of year -$170,594 · end of year -$325,045
Mission and programs · 2024
Mission
FIUTS connects university students with local and global communities through cross-cultural experiences, student leadership, and community connections.
-
Visiting Programs welcome short-term groups of international visitors to the Seattle area for thematic and immersive experiences. Most participants are high school and college students from countries around the world.
Expenses $743,865 · Revenue $694,057
-
Student Programs provide social and intercultural programs for college and university students in the greater Seattle area, with a focus on international students. These programs include welcoming and belonging programs, social and intercultural events, and student leadership training.
Expenses $228,937 · Revenue $39,717
-
Community Programs connect students with members of the Seattle community for exchange and networking. Programs include homestay, connections with local professionals, and tours of the business.
Expenses $76,090 · Revenue $7,033
As filed on the 2024 return.
Listed in Part VII
-
Era Schrepfer
Executive Director
- Total calculated
- $99,135
- From this org
- $90,127
- From related orgs
- $0
- Other
- $9,008
- Hours/week
- 45
-
Ricardo Ibarra
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Caitlin Blomquist
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
John Aldaya
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Matthew Bateman
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Allegra Bozorth
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Bhramar Dey
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jayasri Ghosh
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Andy Gordon-Maclean
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Nitika Gupta
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jay Lu
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
I-Nong Lee
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Anjali Malik
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Fortunato Vega
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Aswathy Kumar
Student Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Alicia Cheng
Student Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Pranaya Pakala
Student Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Duane Landon
President & Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Kate Spoor
Secretary
- Total calculated
- $0
- Hours/week
- 4
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202610269349301966
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