Public Charity

ASSOCIATION FOR CULTURAL INTERCHANGE INC

ASSOCIATION FOR CULTURAL INTERCHANGE INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $15.9M in revenue, $11.9M in expenses, $242.2M in total assets. 20 publicly reported grants to this organization, totaling roughly $16.1M, appear in IRS filings.

EIN: 526054124 NEW YORK, NY Fund Raising & Fund Distribution NTEE: Q12 Latest filing: 2024
Total Revenue$15.9M
Total Expenses$11.9M
Total Assets$242.2M
Grant Records20
Funding Total$16.1M
Filing Years2019–2024

Mission

ACI PROVIDES A PROGRAM OF SUPPORT AND ASSISTANCE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL AND VOCATIONAL TRAINING INSTITUTIONS FROM ELEMENTARY LEVEL THROUGH GRADUATE STUDIES. ACI EMPHASIZES THE PROMOTION OF INTERNATIONAL UNDERSTANDING AND THE INTERCHANGE OF IDEAS AND CULTURAL ACTIVITIES AMONG PEOPLE OF DIFFERENT NATIONS. ACI'S PROGRAM IS CARRIED OUT IN THE UNITED STATES AND FOREIGN COUNTRIES. ACI ACHIEVES THIS BY PROVIDING GRANTS AND LOANS THAT ARE INTEREST-FREE OR BEAR BELOW-MARKET INTEREST RATES TO ORGANIZATIONS THAT FOSTER AND FACILITATE CHARITABLE AND EDUCATIONAL PROGRAMS. ACI ALSO OWNS AND MAINTAINS REAL PROPERTY FACILITIES IN ITALY AND ISRAEL. THOSE FACILITIES ARE MADE AVAILABLE RENT-FREE TO EDUCATIONAL AND CULTURAL INSTITUTIONS OPERATED BY NOT-FOR-PROFIT ORGANIZATIONS. ACI ALSO OWNS AND OPERATES THE SAXUM CENTER IN ISRAEL WHICH OFFER WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER PROVIDING ORIENTATION FOR PILGIRMS TO THE HOLY LAND.

Where $100 goes at Association for Cultural Interchange Inc

How Association for Cultural Interchange Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$90 Programs the work itself
$10 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $90 for programs

$61
Made educational and training grants to foreign and domestic institutions
68% of program spending
$22
Saxum center consists of a conference center which operates workshops, conferences and spiritual retreats; as well as a visitor center
24% of program spending
$7
Developed and maintained institutional properties in jerusalem and rome used by charitable, educational and training institutions
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

EXECUTIVE DIRECTOR Andrew P O'meara
SECRETARY/DIRECTOR Brendan F Quigley
V.P./TREASURER/DIRECTOR Federico Riera-Marsa
DIRECTOR John E Fagan
DIRECTOR Julien Nagore
DIRECTOR Luis E Tellez

Officer compensation and complete director data available with membership.

Top Grant Purposes

International Aid & Development
$5,036,000 3 grants
Human & Social Services
$5,000,000 1 grant
General Support
$3,371,510 9 grants
Training & Professional Development
$2,669,199 5 grants
Religion & Spirituality
$70,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $15.9M $11.9M $242.2M
2023 $11.3M $8.4M $221.3M
2022 $5.9M $6.8M $211.4M
2020 $3.5M $6.1M $220.6M
2019 $7.0M $5.6M $206.8M

Between 2019 and 2024, reported annual revenue grew from $7.0M to $15.9M (+126%), with total assets most recently reported at $242.2M.

Interactive year-over-year charts and full filing details available with membership.

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