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Nonprofit · EIN 02-0439252

PROGRAM OF ACADEMIC EXCHANGE

Also known as P A X

Tax-exempt · NEW ROCHELLE, NY 10801

Financials

$8.9M$8.8M2022$8.6M$8.5M2023$9M$8.8M2024
Revenue Expenses · by fiscal year end
Financials of PROGRAM OF ACADEMIC EXCHANGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$8,998,307$8,818,692$179,615$4,297,047$1,445,868$2,851,179
September 30, 2024990$8,557,789$8,506,851$50,938$4,201,122$1,691,601$2,509,521
September 30, 2023990 (amended)$8,879,903$8,837,976$41,927$4,065,934$1,548,272$2,517,662
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$3,154,271
of which government grants
$3,154,271
Program service revenue
$5,690,989
Investment income
$153,047
Net gain from sales of assets
$4,003
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$553,898
Other salaries and wages
$2,127,907
Salaries, compensation and benefits (total)
$3,306,424
Professional fundraising fees
$0
Legal fees
$5,502
Accounting fees
$46,624
Occupancy
$191,423
Travel
$1,445,513
Depreciation
$27,905
Program services (functional)
$7,769,336
Management and general (functional)
$1,049,356

Balance sheet and other

Total assets, start of year
$4,201,122
Total assets, end of year
$4,297,047
Total liabilities, end of year
$1,445,868
Net assets, end of year
$2,851,179
Land, buildings and equipment
$29,059
Publicly traded securities
$1,491,974
Net assets without donor restrictions
$2,851,179
Gross receipts
$9,232,343
Employees
48
Volunteers
200
Year formed
1990
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Bradley SmithPresident & CEO
Trustee or director, Officer
40$277,068$9,086
Sarah FellowsVice President
Officer
40$146,202$29,409
Matthew StainbackVP, Field Ops
Officer
40$165,878$9,086
Edward MasseyChairman
Trustee or director
0$0$0
Rodney GouldDirector
Trustee or director
0$0$0
Tom WhitehouseDirector
Trustee or director
0$0$0
Kevin McQuadeDirector
Trustee or director
0$0$0
Scott MeadowsDirector
Trustee or director
0$0$0
Walter StewartDirector
Trustee or director
0$0$0
Rob FenstermacherDirector
Trustee or director
0$0$0
990 for the year ended September 30, 2024: 11 people
NameTitleHours / weekCompensationOther / benefits
Bradley SmithPresident & CEO
Trustee or director, Officer
40$276,423$11,660
Sarah FellowsVice President
Officer
40$130,523$27,289
Matthew StainbackVP, Field Ops
Officer
40$138,591$11,592
Edward MasseyChairman
Trustee or director
0$0$0
Rodney GouldDirector
Trustee or director
0$0$0
Tom WhitehouseDirector
Trustee or director
0$0$0
Kevin McQuadeDirector
Trustee or director
0$0$0
Scott MeadowsDirector
Trustee or director
0$0$0
Jane SpaldingDirector
Trustee or director
0$0$0
Walter StewartDirector
Trustee or director
0$0$0
Rob FenstermacherDirector
Trustee or director
0$0$0
990 for the year ended September 30, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
Bradley SmithPresident & CEO
Trustee or director, Officer
40$276,623$3,377
Matthew StainbackVP, Field Ops
Officer
40$132,934$3,186
Sarah FellowsVP, Quality
Officer
40$116,040$17,210
Edward MasseyChairman
Trustee or director, Officer
2$0$0
Rodney GouldDirector
Trustee or director
2$0$0
Tom WhitehouseDirector
Trustee or director
2$0$0
Kevin McQuadeDirector
Trustee or director
2$0$0
Scott MeadowsDirector
Trustee or director
2$0$0
Jane SpaldingDirector
Trustee or director
2$0$0
Walter StewartDirector
Trustee or director
2$0$0
Rob FenstermacherDirector
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
271 NORTH AVE STE 601, NEW ROCHELLE, NY 10801-5113
Signed the 990
Bradley Smith, President & CEO
Phone
(800) 555-6211
Return prepared by
RLN US LLP

Mission

PAX Laurasian Exchange envisions a global community of people who are open minded and appreciate cultural differences, because we believe such a community is a fertile field for justice, peace, and prosperity. We aspire to be the quality leader in academic exchange and experiential learning because we believe such experiences transform the individual's ability to influence our world for the better.

990 for the year ended September 30, 2025

Program accomplishments

  • Program of Academic Exchange (PAX) administers international educational and cultural exchange programs sponsored by the U.S. Department of State, American Councils, schools, and other partners. Programs include student placement with volunteer host families, participant orientation, educational support, local coordinator services, monitoring, and cultural exchange activities that promote mutual understanding between the United States and other countries.
    Expenses $7,769,336 · revenue $5,690,989

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
02-0439252
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,297,047
Income (IRS master file)
$9,232,343

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$8,998,307$8,818,692$4,297,047XML
990September 2024$8,557,789$8,506,851$4,201,122XML
990September 2023$8,879,903$8,837,976$4,065,934XML
990September 2022$6,874,816$6,885,640$3,864,978IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0439252).

Questions about PROGRAM OF ACADEMIC EXCHANGE

What is the EIN of PROGRAM OF ACADEMIC EXCHANGE?
The employer identification number (EIN) of PROGRAM OF ACADEMIC EXCHANGE is 02-0439252.
Is PROGRAM OF ACADEMIC EXCHANGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to PROGRAM OF ACADEMIC EXCHANGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROGRAM OF ACADEMIC EXCHANGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROGRAM OF ACADEMIC EXCHANGE due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROGRAM OF ACADEMIC EXCHANGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who are the officers and directors of PROGRAM OF ACADEMIC EXCHANGE?
The 990 for the year ended September 30, 2025 lists 10 people; 3 received compensation from the organization, the highest $277,068 (Bradley Smith, President & CEO).
How much revenue does PROGRAM OF ACADEMIC EXCHANGE have?
On its 990 for the year ended September 30, 2025 it reported revenue of $8,998,307, expenses of $8,818,692 and total assets of $4,297,047 at year end.

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