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American Cultural Exchange Service

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

An independent audit commissioned by this organization for the fiscal year ending June 2023 identified:

Material weakness in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.

Summary charts: organization finances over time

Revenue
$2.64M (2023)

Expenses
$2.54M (2023)

Total Assets
$1.99M (2023)

Total Liabilities
$605k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,641,411
Expenses
$2,537,983
Net Income
$103,428
Net Assets
$1,388,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,898,872
71.9%
Program Services $725,112
27.5%
Investment Income $12,467
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,960
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $376,128
14.8%
Professional Fundraising Fees $0
Other Salaries and Wages $256,794
10.1%
Assets/Debt
Total Assets $1,993,498
Total Liabilities $604,788
Net Assets $1,388,710
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President, Treasurer) $186,534 $0 $7,736
Debbe Li (Executive Director) $186,534 $0 $7,736
Paul Pfeifer (Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,669,779
Expenses
$1,675,826
Net Income
-$6,047
Net Assets
$1,129,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,180,399
70.7%
Program Services $480,912
28.8%
Investment Income $1,644
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,824
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $316,315
18.9%
Professional Fundraising Fees $0
Other Salaries and Wages $137,741
8.2%
Assets/Debt
Total Assets $1,390,063
Total Liabilities $260,967
Net Assets $1,129,096
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President, Treasurer) $135,690 $0 $0
Debbie Li (Executive Director) $135,690 $0 $0
Paul Pfeifer (Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$847,599
Expenses
$889,168
Net Income
-$41,569
Net Assets
$1,189,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $746,107
88.0%
Program Services $97,733
11.5%
Investment Income $2,454
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,305
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $281,500
31.7%
Professional Fundraising Fees $0
Other Salaries and Wages $96,683
10.9%
Assets/Debt
Total Assets $1,308,432
Total Liabilities $118,533
Net Assets $1,189,899
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President) $141,000 $0 $0
Debbie Li (Executive Di) $141,000 $0 $0
Paul Pfeifer (Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,493,478
Expenses
$1,562,123
Net Income
-$68,645
Net Assets
$1,231,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $983,727
65.9%
Program Services $502,927
33.7%
Investment Income $6,702
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $122
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $281,500
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $147,717
9.5%
Assets/Debt
Total Assets $1,361,710
Total Liabilities $130,242
Net Assets $1,231,468
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President) $139,250 $0 $0
Debbie Li (Executive Di) $139,250 $0 $0
Paul Pfeifer (Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,798,332
Expenses
$1,628,395
Net Income
$169,937
Net Assets
$1,300,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,189,788
66.2%
Program Services $602,772
33.5%
Investment Income $5,772
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $276,000
16.9%
Professional Fundraising Fees $0
Other Salaries and Wages $150,931
9.3%
Assets/Debt
Total Assets $1,638,807
Total Liabilities $338,694
Net Assets $1,300,113
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President) $138,000 $0 $0
Debbie Li (Executive Di) $138,000 $0 $0
Paul Pfeifer (Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,593,472
Expenses
$1,483,461
Net Income
$110,011
Net Assets
$1,130,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $910,281
57.1%
Program Services $677,296
42.5%
Investment Income $5,205
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $690
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $269,500
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $121,077
8.2%
Assets/Debt
Total Assets $1,291,494
Total Liabilities $161,318
Net Assets $1,130,176
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President) $130,250 $0 $0
Debbie Li (Executive Di) $130,250 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0
Paul Pfeifer (Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,598,357
Expenses
$1,525,375
Net Income
$72,982
Net Assets
$1,020,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $920,716
57.6%
Program Services $672,062
42.0%
Investment Income $5,146
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $433
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $256,000
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $148,573
9.7%
Assets/Debt
Total Assets $1,259,678
Total Liabilities $239,513
Net Assets $1,020,165
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President/Treas) $128,000 $0 $0
Debbie Li (Executive Dir.) $128,000 $0 $0
Paul Pfeifer (Board Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,730,946
Expenses
$1,625,795
Net Income
$105,151
Net Assets
$835,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $816,205
47.2%
Program Services $910,331
52.6%
Investment Income $3,504
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $906
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $260,200
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $124,048
7.6%
Assets/Debt
Total Assets $1,124,183
Total Liabilities $288,200
Net Assets $835,983
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (President/Treas) $127,250 $0 $2,850
Debbie Li (Executive Dir.) $127,250 $0 $2,850
Paul Pfeifer (Board Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,545,121
Expenses
$1,377,079
Net Income
$168,042
Net Assets
$730,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $775,144
50.2%
Program Services $767,211
49.7%
Investment Income $49
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,717
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $254,800
18.5%
Professional Fundraising Fees $0
Other Salaries and Wages $129,735
9.4%
Assets/Debt
Total Assets $852,697
Total Liabilities $121,865
Net Assets $730,832
Other
Reported conflict of interest transactions
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Yongqian Li (Pres/Treasurer) $125,000 $0 $2,400
Debbie Li (Executive Dir.) $125,000 $0 $2,400
Paul Pfeifer (Board Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,517,048
Expenses
$1,398,351
Net Income
$118,697
Net Assets
$688,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $693,542
45.7%
Program Services $820,295
54.1%
Investment Income $550
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,661
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $250,013
17.9%
Professional Fundraising Fees $0
Other Salaries and Wages $118,999
8.5%
Assets/Debt
Total Assets $854,570
Total Liabilities $165,926
Net Assets $688,644
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Debbie Li (Executive Dir.) $115,282 $0 $2,400
Yongqian Li (Pres/Treasurer) $115,269 $0 $2,613
Paul Pfeifer (Board Chair) $0 $0 $0
Jennifer Maddox (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,583,529
Expenses
$1,330,546
Net Income
$252,983
Net Assets
$569,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $499,333
31.5%
Program Services $1,083,960
68.5%
Investment Income $236
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $236,800
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $95,715
7.2%
Assets/Debt
Total Assets $844,703
Total Liabilities $274,756
Net Assets $569,947

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,404,344
Expenses
$1,407,515
Net Income
-$3,171
Net Assets
$316,964
Notable Sources of Revenue Percent of Total Revenue
Contributions $485,547
34.6%
Program Services $918,494
65.4%
Investment Income $303
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $224,800
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $110,572
7.9%
Assets/Debt
Total Assets $551,426
Total Liabilities $234,462
Net Assets $316,964

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$543,168
Expenses
$689,860
Net Income
-$146,692
Net Assets
$320,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $429,354
79.0%
Program Services $114,489
21.1%
Investment Income $776
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,451
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,400
14.8%
Professional Fundraising Fees $0
Other Salaries and Wages $50,500
7.3%
Assets/Debt
Total Assets $527,253
Total Liabilities $207,118
Net Assets $320,135

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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