Interexchange INC EIN 13-3449415

Interexchange INC

EIN  13-3449415 Public charity (501(c)(3)) New York, NY Founded 1988
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Facilitates cultural exchange and international understanding through work, travel, and volunteer programs globally.
Leadership
Christine La Monica-Lunn · President/CEO · $302K
Money in and out
$23.0M revenue, $20.4M expenses
Bottom line
73% program efficiency

Facilitates cultural exchange and international understanding through work, travel, and volunteer programs globally. For fiscal year 2024 it reported $23.0M in revenue, $20.4M in expenses, and $32.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$23.0M
Pt VIII · Ln 12
Total expenses
$20.4M
Pt IX · Ln 25
Net assets
$32.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.7M
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
20.0mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -43% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$23.0M
FY2024▲ +1%
Expenses
$20.4M
FY2024▲ +12%
Total assets
$43.5M
FY2024▲ +5%
Total liabilities
$11.1M
FY2024▼ -14%
Total revenue
$23.0M
Pt VIII · Ln 12
Total expenses
$20.4M
Pt IX · Ln 25
Net assets
$32.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.7M
Total assetsPt X · Ln 16$43.5M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $13.0M of program spending, described in the organization's own filed words · FY2024.
01

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.

$6.3Mprogram expense
02

Work & Travel USA

The organization provided and facilitates 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.

$5.5Mprogram expense
03

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.

$1.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInterexchange INC
EINHdr · item D13-3449415
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.interexchange.org
Year of formationHdr · item L1988
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q230)
Ruling yearIRS BMFJun 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$302,164Pt VII · Sec A
Senior VP Programs
$204,250Pt VII · Sec A
VP Au Pair Program
$202,460Pt VII · Sec A
COO/Vice President
$200,463Pt VII · Sec A
CFO/Sec/Treasurer
$157,447Pt VII · Sec A
Director of Marketing
$152,915Pt VII · Sec A
VP Au Pair Development
$145,503Pt VII · Sec A
Director Business Planning
$138,964Pt VII · Sec A

Christine La Monica-Lunn’s $302K as President/CEO is at the 60th percentile of top reported officer pay among 344 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christine La Monica-Lunn$302,164$288,047$257,487$226,133$250,930
Lee Andrews$157,447$150,285$135,368$170,886$219,688
Casey Slamin$204,250$194,748$175,100$153,000$170,000
Michael McHugh$202,460$193,058$173,661$152,445$166,774
Nicole Santomasso$200,463$190,044$169,251$152,142$170,423
Aaron Todd$154,624$142,147$153,416
Jordan Payne$152,915$144,418$125,308$110,782$127,256
Heidi Mispagel$145,503$137,265$124,807$108,287$124,170

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$21.8M · 94%
Investment income$1.2M · 5%
Program service revenue94%$21.8M
Investment income5%$1.2M
Other revenue$66K
Total revenueLn 12$23.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$14.8M
Management & general27%$5.6M
Total functional expensesLn 25$20.4M

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$43.5M
Total liabilitiesLn 26$11.1M
Total net assetsLn 32$32.4M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34.0M · Operating expenses/yr $20.4M
20.0 months
Where the money goes
Program services
Program services $14.8M · Total expenses $20.4M
73%
Management & General
Management & general $5.6M · Total expenses $20.4M
27%
Fundraising
Fundraising $0 · Total expenses $20.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $23.0M
0%
Government reliance
Government grants — · Total revenue $23.0M
Earned-income share
Program service revenue $21.8M · Total revenue $23.0M
94%
Investment reliance
Investment income $1.2M · Total revenue $23.0M
+5%
Program self-sufficiency
Program service revenue $21.8M · Total expenses $20.4M
107%
Growth & trend
Revenue growth (YoY)
This year $23.0M · Prior year $22.7M
+1%
Revenue CAGR
FY2020 $8.5M · FY2024 $23.0M
+28%
Net-asset trend (YoY)
End of year $32.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $23.0M · Expenses $20.4M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $43.5M
Net-asset ratio
Net assets $32.4M · Total assets $43.5M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $32.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $43.5M
74%
People & payroll
Highest Reported Total Compensation
Individual Christine La Monica-Lunn · Reported title PRESIDENT/CEO · Highest reported compensation $302K · Total expenses $20.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.1M · Total expenses $20.4M
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $93K · 2020–2024
Unitemized GrantFY2024$25,500
Unitemized GrantFY2023$38,800
Unitemized GrantFY2022$14,100
Unitemized GrantFY2021$8,006
Unitemized GrantFY2020$6,330

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$23.0M revenue · viewing · ⤓ 990 PDF
FY2023$22.7M revenue · ⤓ 990 PDF
FY2022$19.7M revenue · ⤓ 990 PDF
FY2021$12.0M revenue · ⤓ 990 PDF
FY2020$8.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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