Overview
What is Association For Cultural Interchange Inc?
The Association for Cultural Interchange Inc., based in New York City, is a nonprofit organization dedicated to fostering international understanding and cultural exchange. It achieves this mission by providing grants, interest-free or below-market interest rate loans, and rent-free facilities to not-for-profit organizations and educational institutions worldwide. These organizations utilize these resources to facilitate charitable and educational programs. The Association also operates the Saxum Center in Israel, providing workshops, conferences, spiritual retreats, and orientation services for pilgrims. Their reach extends beyond the U.S., with real property facilities in Italy and Israel. The Association for Cultural Interchange Inc. supports and assists various educational and vocational training institutions, promoting international cooperation and cultural activities among different nations.
Official website here: www.culturalinterchange.org
What are the reviews and ratings of this charity?
82% Rating from Charity Navigator
The Association for Cultural Interchange Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scores 82% overall, with its positive rating primarily driven by excellent accountability metrics, indicating a solid financial management system and responsible governance practices.
Strengths of the nonprofit include a fully independent board, with 85% of its members being independent, and a robust program expense ratio of 86.04%. The organization demonstrates transparency through practices such as distributing tax forms to board members prior to filing and maintaining a documented conflict of interest policy. Additionally, the nonprofit showcases excellent financial health, evidenced by a very low liabilities to assets ratio and an impressive working capital ratio of 33.38 years.
While the charity scores well on many fronts, the data does not highlight areas for improvement or any specific challenges faced by the organization. Overall, the Association for Cultural Interchange Inc appears to be a well-managed nonprofit committed to financial accountability and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Association For Cultural Interchange Inc legitimate?
Association For Cultural Interchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association For Cultural Interchange 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,411
For more financial information, click here
Official website here: www.culturalinterchange.org
What is the mission statement of Association For Cultural Interchange Inc?
The Association for Cultural Interchange Inc (ACI) supports and assists various not-for-profit organizations and educational and vocational training institutions globally, from elementary level to graduate studies. The primary objective of ACI is to promote international understanding and the exchange of ideas and cultural activities among people of different nations. ACI achieves this by offering grants and interest-free or low-interest loans to organizations that facilitate charitable and educational programs. Additionally, ACI owns and maintains property facilities in Italy and Israel, which it makes available rent-free to not-for-profit educational and cultural institutions. Moreover, ACI operates the Saxum Center in Israel, providing workshops, conferences, spiritual retreats, and orientation services for pilgrims visiting the Holy Land.
Official website here: www.culturalinterchange.org
Who is the CEO of Association For Cultural Interchange Inc?
William P Orchard is the V.P./Treasurer/Director of Association For Cultural Interchange Inc.
Official website here: www.culturalinterchange.org
What is the revenue of Association For Cultural Interchange Inc?
Association For Cultural Interchange Inc's revenue in 2022 was $5,933,961.
Official website here: www.culturalinterchange.org
Who are the executives of Association For Cultural Interchange Inc and what are their salaries?
The average compensation at Association For Cultural Interchange Inc during 2022 was $241,706. There are 2 employees at Association For Cultural Interchange Inc.
Here are 7 key members and their salaries:
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- Compensation: $105,000
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Official website here: www.culturalinterchange.org
Where can I find the form 990 for Association For Cultural Interchange Inc?
Association For Cultural Interchange Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.culturalinterchange.org
Learn more at the official website: www.culturalinterchange.org
Mission Statement of Association For Cultural Interchange Inc
Association for Cultural Interchange Inc, or ACI, is committed to providing support and assistance to various not-for-profit organizations and educational and vocational training institutions. This assistance extends from elementary level education to graduate studies. ACI's mission is centered around promoting international understanding and the interchange of ideas and cultural activities among people from different nations.
To achieve this, ACI provides grants and program loans, as well as the use of physical facilities, to organizations worldwide that align with its mission. These organizations work towards charitable and educational programs. Moreover, ACI owns and operates the Saxum Center in Abu Gosh, Israel. Saxum serves as a conference center, hosting workshops, conferences, and spiritual retreats. Additionally, it provides orientation and information resources for individuals and groups visiting the Holy Land.
In addition to the above, ACI also owns and maintains real property facilities in Italy and Israel. These facilities are made available rent-free to educational and cultural institutions operated by not-for-profit organizations. The Association for Cultural Interchange Inc's mission is therefore multifaceted, focusing on fostering international understanding, providing financial support, and offering facilities for educational and cultural activities.
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Impact
July, 2024
Association For Cultural Interchange Inc's impact is significant in promoting international understanding and cultural exchange among people of different nations. Through its program of providing grants and loans, it supports not-for-profit organizations and educational institutions from elementary level through graduate studies, both in the United States and foreign countries. Additionally, ACI owns and operates the Saxum Center in Israel, offering workshops, conferences, spiritual retreats, and a visitor center for those visiting the Holy Land. This organization plays a crucial role in facilitating educational and cultural programs globally, fostering collaboration and mutual learning between diverse communities.
This information is meant to be a general summary of Association For Cultural Interchange 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.
- Investment Income: $3,857,558
- Program Service Revenue: $1,024,030
- Gross Receipts: $43,413,095
Assets and Liabilities:
- Total Assets: $211,426,576
- Total Liabilities: $147,856
- Net Assets: $211,278,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAXUM CONFERENCE CENTER
Revenue
$876,315
SERVICE AGREEMENTS
Revenue
$81,672
PROGRAM LOAN INTEREST
Revenue
$66,043
Organization Details
Founding Year
1958
Phone
(212) 297-6199Principal Officer
William P Orchard
Main Address
420 LEXINGTON AVENUE SUITE 300, NEW YORK, NY, 10170
Website
www.culturalinterchange.orgNTEE Category
Code: Q122 - International
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