2024-08-02T20:55:55-07:00 2023-12-31 990EZ 2023-01-01 451045150 NEW WORLD ACADEMIC AND CULTURAL EXCHANGE NEWW 2158808088 496 Reginald Ln Collegeville PA 19426 Brent Smallwood President 2158808088 2024-08-02 1 2023 2024-08-08 14:25:15Z X X NWACE.ORG X X 3150 X 300 0 0 0 0 0 0 0 0 0 0 0 0 0 2850 3150 0 0 0 0 653 209 335 1197 1953 427 0 2380 427 2380 0 0 0 0 427 2380 0 0 427 2380 NEW WORLD ACADEMIC AND CULTURAL EXCHANGE(NWACE) OPERATES AN INTERNATIONAL STUDENT EXCHANGE PROGRAM WHERE STUDENTS ATTEND PRIVATE HIGH SCHOOLS IN THE UNITED STATES. STUDENTS RECEIVE F1 STUDENT VISAS FROM THE USCIS AND LIVE WITH LOCAL HOST FAMILIES IN A "HOME STAY" PROGRAM. IN NON COVID YEARS MULTIPLE STUDENTS AND TWO PRIVATE NON-PROFIT U.S. SCHOOLS BENEFITING FROM NWACE'S PROGRAM. IN NON COVID YEARS, THE MAJORITY OF OTHER EXPENSES RELATE TO STUDENT TUITION/FEE EXPENSES PAID TO NON-PROFIT AND PRIVATE SCHOOLS. OTHER EXPENSES ALSO INCLUDES MANDATORY STUDENT HEALTH INSURANCE. COVID HAD DISRUPTED OUR BUSINESS MODEL. TUITION/FEES, HEALTH INSURANCE, AND SOME STUDENT ACTIVITIES ROM REVENUE. STUDENT TUITION/FEE EXPENSE PAID TO THE NON-PROFIT AND PRIVATE SCHOOLS REPRESENTS 90% OF TOTAL EXPENSES PAID BY NWACE. 0 0 0 BRENT SMALLWOOD CHAIRMAN/PRESIDENT 12 0 0 0 DAVID RAUZINO SECRETARY/TREASURER 4 0 0 0 CHARLES TRAUTMAN DIRECTOR 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PA BRENT SMALLWOOD 496 Reginald Ln Collegeville PA 19426 2158808088 0 0 0 0 0 0 0 0 0 1 0 NONE NONE 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 WEBSITE IS SOLE PUBLIC SOURCE OF INFORMATION ABOUT NEW WORLD ACADEMIC AND CULTURAL EXCHANGE. ADDITIONALLY, WE HAVE AN EXTENSIVE AND DOCUMENTED ORIENTATION PROCESS FOR STUDENTS AND HOST FAMILIES THAT INCLUDES NON-DISCRIMATARY COMPONENTS. Form 990-EZ, Part I, Line 8 Form 990-EZ, Part I, Line 8 - NEW WORLD ACADEMIC AND CULTURAL EXCHANGE(NWACE) OPERATES AN INTERNATIONAL STUDENT EXCHANGE PROGRAM WHERE STUDENTS ATTEND PRIVATE HIGH SCHOOLS IN THE UNITED STATES. STUDENTS RECEIVE F1 STUDENT VISAS FROM THE USCIS AND LIVE WITH LOCAL HOST FAMILIES IN A "HOME STAY" PROGRAM. COVID 19 SERIOUSLY DISRUPTED THE BUSINESS AS MOST STUDENTS ORIGINATE FROM CHINA AND HAD NOT BEEN ABLE TO TRAVEL TO US. Form 990-EZ, Part I, Line 16 Form 990-EZ, Part I, Line 16 - BANK FEES, OFFICE SUPPLIES AND TAX DUE Extension form 8868 was filed on March 20, 2024. Extension was approved by IRS.