Ef Intercultural Foundation INC FY2020 filing

Cambridge, MAUnknown exempt organization EIN 04-3174501Revenue $2.0M in FY2020

On file with the IRSefhomestay.orgOne Education Street · Cambridge, MA

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To operate programs of international education and cultural exchange between the united states and other countries.

31¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $7K a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$653K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$2.0M
To programs
31%
Net assets
$691K
By yearFY2020–FY2021
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$370K
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$370K
Net assets
$691K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$691K
FY2021$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $621K Management & general 69% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Area Manager
$108,588Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer/Clerk
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Ef Intercultural Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects people through international education and cultural exchange programs.

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Provided by the organization

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1 program · $621K · in their own filed words · FY2019
01

Develop and manage visitor exchange programs for teen-aged students to enhance their knowledge, awareness, and appreciation of international culture and language through active participation abroad. Approximately 11 students served in 2020.

$621Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$5

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$14K
Money outPt IX
$2.0M
Ln 25
Programscol B$621K
Managementcol C$1.4M
Owns and owesPt X
$691K
net assets · Ln 32
Cash and savingsLn 1–2$662K
Total assetsLn 16$1.3M
LiabilitiesLn 26$653K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$14K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$662K
Cash and savings togetherLn 1–2$662K
Land, buildings, equipmentLn 10c$358
Other assetsLn 15$680K
Total assetsLn 16$1.3M
LiabilitiesLn 26$653K
Net assetsLn 32$691K
OperationsPt I, VI
EmployeesI 5216
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.0M$662K
Land, buildings, equipmentLn 10c$2K$358
Total assetsLn 16$2.0M$1.3M
LiabilitiesLn 26$1.3M$653K
Net assetsLn 32$677K$691K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$462K$243K$219K
Pension plan contributionsLn 8$7K$2K$4K
Other employee benefitsLn 9$99K$63K$36K
Payroll taxesLn 10$34K$13K$22K
Legal feesLn 11b$627K$627K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$58K$58K
OccupancyLn 16$75K$75K
TravelLn 17$29K$29K
Conferences, conventions and meetingsLn 19$110K$110K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$434K$274K$160K
All other expensesLn 24e$26K$26K$97
Total functional expensesLn 25$2.0M$621K$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $370K$370K−$196$0 990 PDF
FY2020 Viewing $2.0M$2.0M$14K$691K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,999,110 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,924,911$1,984,937
I-10 Investment incomePrior year $30,560$14,173
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,955,471$1,999,110
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,537,855$602,439
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,286,855$1,382,381
I-18 Total expensesPrior year $4,824,710$1,984,820
I-19 Revenue less expensesPrior year $130,761$14,290
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,999,110 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,984,937$1,984,937
VIII-3 Investment incomeExcluded from tax $14,173$14,173
VIII-12 Total revenueRelated to mission $1,984,937 · Unrelated business $0 · Excluded from tax $14,173$1,999,110
Part IX · Statement of functional expenses $1,984,820 across 14 lines filed
IX-7 Other salaries and wagesPrograms $243,061 · Management $218,913$461,974
IX-8 Pension plan contributionsPrograms $2,181 · Management $4,363$6,544
IX-9 Other employee benefitsPrograms $63,054 · Management $36,400$99,454
IX-10 Payroll taxesPrograms $12,702 · Management $21,765$34,467
IX-11b Legal feesManagement $627,093$627,093
IX-11c Accounting feesManagement $15,000$15,000
IX-11g Other fees for servicesManagement $6,597$6,597
IX-13 Office expensesManagement $57,956$57,956
IX-16 OccupancyManagement $74,620$74,620
IX-17 TravelManagement $29,076$29,076
IX-19 Conferences, conventions and meetingsManagement $110,375$110,375
IX-22 Depreciation, depletion and amortizationManagement $1,647$1,647
IX-24 Other expenses (24a–d)Programs $274,454 · Management $159,616$434,070
IX-24e All other expensesPrograms $25,850 · Management $97$25,947
IX-25 Total functional expensesPrograms $621,302 · Management $1,363,518 · Fundraising $0$1,984,820
Part X · Balance sheet $1,343,340 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,970,918$662,406
X-4 Accounts receivableStart of year $24,648$554
X-9 Prepaid expenses and deferred chargesStart of year $5,972$221
X-10c Land, buildings and equipment, netStart of year $2,005$358
X-15 Other assetsStart of year $0$679,801
X-16 Total assetsStart of year $2,003,543$1,343,340
X-17 Accounts payable and accrued expensesStart of year $123,079$652,513
X-25 Other liabilitiesStart of year $1,203,927$0
X-26 Total liabilitiesStart of year $1,327,006$652,513
X-27 Net assets without donor restrictionsStart of year $676,537$690,827
X-32 Total net assets or fund balancesStart of year $676,537$690,827
X-33 Total liabilities and net assetsStart of year $2,003,543$1,343,340
Part XI · Reconciliation of net assets $690,827 net assets at year end
XI-1 Total revenue$1,999,110
XI-2 Total expenses$1,984,820
XI-3 Revenue less expenses$14,290
XI-4 Net assets at start of year$676,537
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$690,827

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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