Interexchange INC

Tax-deductible

New York, NY501(c)(3)Since 1988InternationalEIN 13-3449415Revenue $23.5M in FY2025

On file with the IRSinterexchange.org1 State Street, 10004-1561 · New York, NYTax-exempt since Jun 1988Publicly supported — 509(a)(2)

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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. 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, many of whom have lived or worked overseas. Because of this global perspective, we are better able to ensure a rewarding and enriching experience for everyone.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 7 volunteers and 158 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.6M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 9% of spending
Top officer’s pay higher than 63% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.2M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.5M
+2% vs prior year
Spent
$21.4M
To programs
72%
Net assets
$38.0M
By yearFY2020–FY2025
Revenue
$23.5M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.5M
FY2021$12.0M
FY2022$19.7M
FY2023$22.7M
FY2024$23.0M
FY2025$23.5M
Expenses
$21.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.5M
FY2021$12.0M
FY2022$15.5M
FY2023$18.1M
FY2024$20.4M
FY2025$21.4M
Net assets
$38.0M
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.4M
FY2021$22.5M
FY2022$23.0M
FY2023$28.6M
FY2024$32.4M
FY2025$38.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1988.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $15.5M Management & general 28% · $6.0M

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

18 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
$312,831Pt VII · Sec A
CFO, Treasurer
$219,255Pt VII · Sec A
Senior VP of Programs
$212,182Pt VII · Sec A
VP Au Pair Program
$210,950Pt VII · Sec A
COO, Vice President
$209,106Pt VII · Sec A
Dir. of Business Planning
$168,281Pt VII · Sec A
Dir. of Marketing
$158,464Pt VII · Sec A
VP Au Pair Development
$153,518Pt VII · Sec A

Christine La Monica-Lunn’s $313K as CEO, President is at the 63rd percentile of top reported officer pay among 345 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christine La Monica-Lunn$312,831$302,164$288,047$257,487$226,133$250,930
Lee Andrews$219,255$157,447$150,285$135,368$170,886$219,688
Casey Slamin$212,182$204,250$194,748$175,100$153,000$170,000
Michael McHugh$210,950$202,460$193,058$173,661$152,445$166,774
Nicole Santomasso$209,106$200,463$190,044$169,251$152,142$170,423
James Brodows$168,281$138,964$135,177$120,720—$103,670
Jordan Payne$158,464$152,915$144,418$125,308$110,782$127,256
Aaron Todd———$154,624$142,147$153,416

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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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 15aYes

Programs and updates

Facilitates cultural exchange and international understanding through work, travel, and volunteer programs globally.

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Provided by the organization

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3 programs · $13.7M · in their own filed words · FY2025
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.

$6.5Mprogram 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.

$6.0Mprogram 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.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $225K · 2020–2025
Unitemized GrantFY2025$132,650
Unitemized GrantFY2024$25,500
Unitemized GrantFY2023$38,800
Unitemized GrantFY2022$14,100
Unitemized GrantFY2021$8,006
Unitemized GrantFY2020$6,330

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$23.5M
Ln 12
Fees for servicesLn 2g$21.5M
Investment incomeLn 3$1.9M
Money outPt IX
$21.4M
Ln 25
Programscol B$15.5M
Managementcol C$6.0M
Owns and owesPt X
$38.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$44.2M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A10
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$21.5M
Investment incomeLn 3$1.9M
Gains on assetsLn 7$649K
Total revenueLn 12$23.5M
Assets in detailPt X, end of year
CashLn 1$453K
SavingsLn 2$756K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$38.1M
Land, buildings, equipmentLn 10c$355K
Other assetsLn 15$2.0M
Total assetsLn 16$44.2M
LiabilitiesLn 26$6.2M
Net assetsLn 32$38.0M
OperationsPt I, VI
EmployeesI 5158
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$1.8M$1.2M
InvestmentsLn 11–13$34.0M$38.1M
Land, buildings, equipmentLn 10c$84K$355K
Total assetsLn 16$43.5M$44.2M
LiabilitiesLn 26$11.1M$6.2M
Net assetsLn 32$32.4M$38.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$133K$133K
Pay of current officers, directors and key staffLn 5$1.3M$438K$813K
Other salaries and wagesLn 7$7.1M$5.5M$1.6M
Pension plan contributionsLn 8$175K$126K$48K
Other employee benefitsLn 9$788K$560K$228K
Payroll taxesLn 10$665K$444K$220K
Legal feesLn 11b$398K$398K
Accounting feesLn 11c$65K$65K
Investment management feesLn 11f$149K$149K
Other fees for servicesLn 11g$3.5M$1.7M$1.8M
Advertising and promotionLn 12$701K$697K$4K
Office expensesLn 13$388K$334K$54K
Information technologyLn 14$352K$333K$19K
OccupancyLn 16$410K$209K$201K
TravelLn 17$719K$681K$38K
Depreciation, depletion and amortizationLn 22$58K$33K$25K
InsuranceLn 23$2.8M$2.7M$45K
Other expenses (24a–d)Ln 24$1.7M$1.4M$235K
All other expensesLn 24e$99K$99K$163
Total functional expensesLn 25$21.4M$15.5M$6.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $23.5M$21.4M$2.1M$38.0M 990 PDF
FY2024 $23.0M$20.4M$2.7M$32.4M 990 PDF
FY2023 $22.7M$18.1M$4.6M$28.6M 990 PDF
FY2022 $19.7M$15.5M$4.2M$23.0M 990 PDF
FY2021 $12.0M$12.0M$7K$22.5M 990 PDF
FY2020 $8.5M$12.5M−$4.1M$21.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $23,465,174 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $21,764,026$21,519,127
I-10 Investment incomePrior year $1,219,493$1,946,047
I-11 Other revenuePrior year $66,478$0
I-12 Total revenuePrior year $23,049,997$23,465,174
I-13 Grants and similar amounts paidPrior year $25,500$132,650
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,131,319$9,995,126
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,227,582$11,286,463
I-18 Total expensesPrior year $20,384,401$21,414,239
I-19 Revenue less expensesPrior year $2,665,596$2,050,935
Part VI · Governance 7 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $23,465,174 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,519,127$21,519,127
VIII-3 Investment incomeExcluded from tax $1,296,976$1,296,976
VIII-7 Net gain or loss on sales of assetsExcluded from tax $649,071$649,071
VIII-12 Total revenueRelated to mission $21,519,127 · Unrelated business $0 · Excluded from tax $1,946,047$23,465,174
Part IX · Statement of functional expenses $21,414,239 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $132,650$132,650
IX-5 Pay of current officers, directors and key staffPrograms $438,272 · Management $812,996$1,251,268
IX-7 Other salaries and wagesPrograms $5,533,140 · Management $1,582,568$7,115,708
IX-8 Pension plan contributionsPrograms $126,401 · Management $48,299$174,700
IX-9 Other employee benefitsPrograms $560,395 · Management $228,077$788,472
IX-10 Payroll taxesPrograms $444,496 · Management $220,482$664,978
IX-11b Legal feesManagement $398,011$398,011
IX-11c Accounting feesManagement $64,950$64,950
IX-11f Investment management feesManagement $148,876$148,876
IX-11g Other fees for servicesPrograms $1,673,803 · Management $1,837,142$3,510,945
IX-12 Advertising and promotionPrograms $696,947 · Management $3,897$700,844
IX-13 Office expensesPrograms $334,434 · Management $53,662$388,096
IX-14 Information technologyPrograms $332,592 · Management $19,146$351,738
IX-16 OccupancyPrograms $208,603 · Management $201,358$409,961
IX-17 TravelPrograms $680,976 · Management $38,027$719,003
IX-22 Depreciation, depletion and amortizationPrograms $32,993 · Management $25,383$58,376
IX-23 InsurancePrograms $2,737,976 · Management $45,426$2,783,402
IX-24 Other expenses (24a–d)Programs $1,418,240 · Management $234,538$1,652,778
IX-24e All other expensesPrograms $99,320 · Management $163$99,483
IX-25 Total functional expensesPrograms $15,451,238 · Management $5,963,001 · Fundraising $0$21,414,239
Part X · Balance sheet $44,217,222 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $664,702$452,810
X-2 Savings and temporary cash investmentsStart of year $1,085,681$755,598
X-4 Accounts receivableStart of year $1,718,467$1,970,465
X-9 Prepaid expenses and deferred chargesStart of year $386,318$603,726
X-10c Land, buildings and equipment, netStart of year $84,248$355,113
X-11 Publicly traded securitiesStart of year $32,246,051$36,335,945
X-13 Program-related investmentsStart of year $1,750,000$1,750,000
X-15 Other assetsStart of year $5,604,589$1,993,565
X-16 Total assetsStart of year $43,540,056$44,217,222
X-17 Accounts payable and accrued expensesStart of year $845,002$1,256,508
X-19 Deferred revenueStart of year $4,334,896$4,339,415
X-25 Other liabilitiesStart of year $5,912,228$599,291
X-26 Total liabilitiesStart of year $11,092,126$6,195,214
X-27 Net assets without donor restrictionsStart of year $32,447,930$38,022,008
X-32 Total net assets or fund balancesStart of year $32,447,930$38,022,008
X-33 Total liabilities and net assetsStart of year $43,540,056$44,217,222
Part XI · Reconciliation of net assets $38,022,008 net assets at year end
XI-1 Total revenue$23,465,174
XI-2 Total expenses$21,414,239
XI-3 Revenue less expenses$2,050,935
XI-4 Net assets at start of year$32,447,930
XI-5 Net unrealized gains (losses) on investments$1,656,597
XI-9 Other changes in net assets$1,866,546
XI-10 Net assets at end of year$38,022,008

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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