Overview
What is Institute Of Global Exchange Inc?
Institute of Global Exchange Inc, located in Torrance, California, is a nonprofit organization with a mission to bridge cultural and educational gaps between the United States and other countries worldwide. They offer dynamic internship experiences to foreign students and young professionals, providing them with an opportunity to gain practical skills in the American workforce. With a team of six dedicated individuals, this organization facilitates cultural and educational exchange programs to foster global understanding and mutual growth. Their services empower young individuals to broaden their perspectives and contribute positively to the international community.
Official website here: www.igeworld.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 62%)
The Institute of Global Exchange Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and accountability practices. The organization scores 62% overall, with a notable strength in its program expense ratio, which stands at 75.06%. This suggests that a significant portion of its funds is allocated towards its programs rather than administrative costs.
However, there are several areas of concern regarding the organization’s governance and financial transparency. The lack of a conflict of interest policy, whistleblower policy, and document retention practices are particularly troubling, as these are essential for maintaining accountability and trust. Additionally, the organization has received no points for independent board size, indicating that there are very few independent members on the board.
While the organization has a majority of independent board members, the overall governance structure appears weak due to insufficient financial statement disclosures. The absence of critical documentation on their website further exacerbates transparency issues. Overall, while the organization demonstrates a commitment to program expenses, significant improvements are needed in governance and financial accountability to enhance its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Global Exchange Inc legitimate?
Institute Of Global Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Global Exchange Inc 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: $122,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,758
For more financial information, click here
Official website here: www.igeworld.org
What is the mission statement of Institute Of Global Exchange Inc?
The Institute of Global Exchange Inc is committed to offering dynamic experiences to students and young professionals through cultural and educational exchange programs between the United States and various countries worldwide. Their mission is to facilitate such exchanges, providing opportunities for personal growth and cross-cultural understanding. By offering internship services, they enable foreign students and young professionals to gain valuable practical experience in the United States.
Official website here: www.igeworld.org
Who is the CEO of Institute Of Global Exchange Inc?
Ken Inoue is the President of Institute Of Global Exchange Inc.
Official website here: www.igeworld.org
What is the revenue of Institute Of Global Exchange Inc?
Institute Of Global Exchange Inc's revenue in 2022 was $1,221,087.
Official website here: www.igeworld.org
Who are the executives of Institute Of Global Exchange Inc and what are their salaries?
The average compensation at Institute Of Global Exchange Inc during 2022 was $53,960. There are 6 employees and 2 volunteers at Institute Of Global Exchange Inc.
Here are 3 key members and their salaries:
- Compensation: $120,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Official website here: www.igeworld.org
Where can I find the form 990 for Institute Of Global Exchange Inc?
Institute Of Global Exchange Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.igeworld.org
Learn more at the official website: www.igeworld.org
Mission Statement of Institute Of Global Exchange Inc
The Institute of Global Exchange Inc is committed to providing enriching experiences for students and young professionals by facilitating cultural and educational exchange programs between the United States and various countries worldwide. Through these programs, the organization aims to offer dynamic opportunities that allow individuals to gain valuable experiences beyond their domestic boundaries. This mission is achieved by organizing internships for foreign students and young professionals seeking to expand their horizons and gain practical experience in the United States. By fostering cultural exchange and education, the Institute of Global Exchange Inc contributes to the personal and professional development of its participants, promoting global understanding and cooperation.
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Impact
October, 2024
Institute Of Global Exchange Inc creates a significant impact by facilitating dynamic cultural and educational exchange programs for students and young professionals. These programs immerse participants in international experiences, allowing them to gain valuable insights into different cultures while enhancing their academic and professional skills. By providing internship opportunities in the United States for foreign students and young professionals, the organization not only enriches participants' lives but also fosters cross-cultural understanding and collaboration. This bridging of diverse backgrounds enables participants to bring their unique perspectives back to their home countries, promoting global citizenship and intercultural dialogue. The Institute's efforts thus contribute to a more interconnected and empathetic world.
This information is meant to be a general summary of Institute Of Global Exchange Inc. 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.
- Program Service Revenue: $1,221,087
- Gross Receipts: $1,221,087
Assets and Liabilities:
- Total Assets: $469,331
- Total Liabilities: $136,747
- Net Assets: $332,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Internship Service Fee
Revenue
$1,221,087
Organization Details
Founding Year
2008
Phone
(310) 769-5770Principal Officer
Ken Inoue
Main Address
19191 S Vermont Ave 640, Torrance, CA, 90502
Website
www.igeworld.orgNTEE Category
Code: Q22 - International
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