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Nonprofit · EIN 43-2041133

ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE

Tax-exempt · LA JOLLA, CA 92037

Financials

$75K$194K2022$133K$239K2023$264K$251K2024
Revenue Expenses · by fiscal year end
Financials of ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$263,648$251,095$12,553$38,334$522,608-$484,274
December 31, 2023990 (amended)$133,371$239,029-$105,658$74,464$571,291-$496,827
December 31, 2022990$74,712$193,523-$118,811$200,122$591,291-$391,169
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$40,000
of which government grants
$40,000
Program service revenue
$223,648
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$100,000
Salaries, compensation and benefits (total)
$108,084
Professional fundraising fees
$0
Accounting fees
$17,380
Program services (functional)
$131,280
Management and general (functional)
$114,076
Fundraising (functional)
$5,739

Balance sheet and other

Total assets, start of year
$74,464
Total assets, end of year
$38,334
Total liabilities, end of year
$522,608
Net assets, end of year
-$484,274
Net assets without donor restrictions
-$484,274
Gross receipts
$263,648
Employees
1
Year formed
2003
State of legal domicile
CA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Kevin RingPresident
Trustee or director, Officer
40$100,000
Heidi EvansTreasurer
Trustee or director
0$0
Toroshinia KennedySecretary
Trustee or director
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Kevin RingPresident
Trustee or director, Officer
40$100,000
Annemarie DonakerDirector
Trustee or director
15$14,400
Jason KnappDirector
Trustee or director
0.25$0
Mark YturraldeDirector
Trustee or director
0.25$0
Heidi EvansTreasurer
Trustee or director
0.25$0
Toroshinia KennedySecretary
Trustee or director
0.25$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
Kevin RingPresident
Trustee or director, Officer
40$200,000
Annemarie DonakerDirector
Trustee or director
15$14,400
Jason KnappDirector
Trustee or director
0.25$0
Mark YturraldeDirector
Trustee or director
0.25$0
Toroshinia KennedySecretary
Trustee or director
0.25$0
Anne RingDirector
Trustee or director
20$0
Heidi EvansTreasurer
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
7242 LA JOLLA BLVD, LA JOLLA, CA 92037-5434
In care of
% KEVIN RING
Principal officer (990 for 2024)
Kevin Ring, 7242 La Jolla Blvd, La Jolla, CA 92037
Signed the 990
KEVIN RING, President
Phone
(858) 455-0302
Return prepared by
Peak Accounting Services Inc

California records

California keeps its own records of charities and corporations. Search them by EIN 43-2041133 or by the name ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

The organization was formed to promote international understanding, heighten cultural awareness, and promote global peace by facilitating opportunities for secondary school students to live and attend school in another country as a member of a local family.

990 for the year ended December 31, 2024

Program accomplishments

  • There was participation from several countries throughout the world, where students shared their culture with their American host parents while learning first hand about life in the U.S. Many students participated in cross-cultural activities and visited sites of cultural significance here in the U.S.
    Expenses $131,280 · revenue $223,648

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
43-2041133
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$38,334
Income (IRS master file)
$263,648

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$263,648$251,095$38,334XML
990December 2023$133,371$239,029$74,464XML
990December 2022$74,712$193,523$200,122XML
990December 2021–––IRS
990December 2020–––IRS
990December 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 43-2041133).

Questions about ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE

What is the EIN of ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE?
The employer identification number (EIN) of ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE is 43-2041133.
Is ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL 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 ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE?
The 990 for the year ended December 31, 2024 names Kevin Ring.
Who are the officers and directors of ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $100,000 (Kevin Ring, President).
How much revenue does ACADEMIC FOUNDATION FOR INTERNATIONAL CULTURAL EXCHANGE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $263,648, expenses of $251,095 and total assets of $38,334 at year end.

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