Overview
What is International Xchange Organization?
International Xchange Organization, often referred to as IXO, is a nonprofit organization situated in Chattanooga, Tennessee. Its primary focus is to facilitate cross-cultural exchanges, particularly in the realms of education and business. During regular operations, they send teams and individuals to various parts of the world, such as China and Europe, to build relationships with educational institutions, faculty, students, and business professionals. These interactions often revolve around English language instruction and broader cultural and religious discussions. In the event of pandemic restrictions, IXO adjusts its approach, offering virtual seminary training and continuing to support local businesses through touring packages and translation services. Additionally, IXO extends its reach to assist pastors with their training, mentorship, community outreach, and sports exchanges in Europe. IXO's mission is multifaceted. It offers educational and business training courses to qualified students worldwide, manages and provides administrative services for its non-profit subsidiaries, and assists organizations in fostering an exchange environment. The organization also supports the growth of new start-ups through a non-profit incubator process, and provides training and mentorship for pastors and leaders. With a team of 17 dedicated individuals, IXO continues to promote cultural exchange and mutual understanding globally.
Official website here: www.ixoglobal.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The International Xchange Organization has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain areas while maintaining strong accountability and finance practices. The organization boasts a perfect score of 100% in this category, showcasing effective management of its financial resources. However, the board composition raises concerns, with only 33% of members being independent and a total of just one independent member, which does not align with best practices for governance.
While the organization demonstrates a commendable program expense ratio of 90.37%, showing that a significant portion of its budget is directed toward its programs, it has significant shortcomings in other financial areas. The fundraising efficiency ratio is low, at $0.01, indicating challenges in generating funds relative to expenses incurred for fundraising activities. Additionally, key governance policies, such as a whistleblower policy and a document retention policy, are missing, which could hinder transparency and accountability.
In summary, while the International Xchange Organization excels in program spending and maintains a solid financial health indicator with a low liabilities-to-assets ratio, it faces challenges in board independence, fundraising efficiency, and the presence of essential governance policies. Addressing these limitations could enhance its overall effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is International Xchange Organization legitimate?
International Xchange Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Xchange Organization submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,119,397
For more financial information, click here
Official website here: www.ixoglobal.org
What is the mission statement of International Xchange Organization?
The International Xchange Organization's mission is centered around facilitating educational, sports, entrepreneurial, and business exchanges globally. Their primary objective is to offer teaching and training opportunities worldwide, with a focus on fostering Christian relationships between English-speaking business professionals and college students. The organization operates cultural exchange and English language as well as business training courses that are open to all eligible students. Additionally, IXO offers management and administrative services for its non-profit subsidiary LLCs. Moreover, the organization extends its support to various organizations, subsidiaries, and their personnel to encourage and nurture an exchange environment. Lastly, IXO plays a role in establishing new start-up organizations through a non-profit incubator process and provides training and mentorship for pastors and leaders.
Official website here: www.ixoglobal.org
Who is the CEO of International Xchange Organization?
Dan Faber is the President & Ceo of International Xchange Organization. The CEO's salary of International Xchange Organization is $148,711 and their total compensation is $148,711.
Official website here: www.ixoglobal.org
What is the revenue of International Xchange Organization?
International Xchange Organization's revenue in 2022 was $2,156,129.
Official website here: www.ixoglobal.org
Who are the executives of International Xchange Organization and what are their salaries?
The average compensation at International Xchange Organization during 2022 was $75,653. There are 17 employees at International Xchange Organization.
Here are 3 key members and their salaries (International Xchange Organization's CEO's salary is $148,711 and their total compensation is $148,711):
- Compensation: $148,711
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
Official website here: www.ixoglobal.org
Where can I find the form 990 for International Xchange Organization?
International Xchange Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ixoglobal.org
Learn more at the official website: www.ixoglobal.org
Mission Statement of International Xchange Organization
The International Xchange Organization (IXO) is committed to promoting educational, sports, entrepreneurial, and business exchanges internationally. Its primary objective is to offer teaching and training opportunities worldwide, with a particular emphasis on fostering Christian relationships between English-speaking business professionals and college students. Beyond this, IXO operates a cultural exchange and English and business training program open to all qualified students. The organization also provides management and administrative services for its non-profit subsidiary LLCs, and extends assistance to these entities and their personnel to encourage and support the establishment of an exchange environment. Furthermore, IXO plays a role in helping to create new start-up organizations through a non-profit incubator process, and offers training and mentorship for pastors and leaders.
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Impact
October, 2024
The International Xchange Organization (IXO) has a significant impact on fostering cross-cultural understanding and professional development through its educational and entrepreneurial exchanges. By facilitating international programs, IXO enhances the personal and professional growth of participants, providing valuable teaching and training opportunities in various regions.
In 2022, IXO supported initiatives in China aimed at enriching relationships among schools, faculty, and students, despite the challenges posed by the pandemic. This focus on English language education has expanded to include discussions on cultural and religious topics, as well as seminary training.
IXO operates within a framework that encourages collaboration between English-speaking business professionals and local communities. This enables not just language learning, but also the sharing of business practices and cultural insights. The organization also assists in developing tourism packages and translation services, enhancing the experience of foreign visitors and strengthening ties with host countries.
In Europe, IXO's initiatives extend to supporting pastoral training, mentorship, and community outreach, all of which contribute to building stronger, more interconnected communities. By providing a platform for cultural exchanges and professional development, IXO plays a crucial role in creating a more informed and engaged global citizenry, while also aiding in the establishment of new organizations through its incubator process. The overarching goal is to nurture an environment conducive to exchange, learning, and mutual support, ultimately leading to a more collaborative international landscape.
This information is meant to be a general summary of International Xchange Organization. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $339
- Gross Receipts: $2,156,129
Assets and Liabilities:
- Total Assets: $1,552,116
- Total Liabilities: $1,031
- Net Assets: $1,551,085
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Organization Details
Founding Year
2005
Phone
(407) 279-1250Principal Officer
Dan Faber
Main Address
PO Box 6247, Chattanooga, TN, 37401
Website
www.ixoglobal.orgNTEE Category
Code: Q21 - International
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