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New York BBB Wise Giving Report for
Cultural Vistas, Inc.

A BBB Accredited charity

 



Expiration Date:
09/2014
Name:
Cultural Vistas, Inc
Formerly known as:
AIPT-CDS
Address:
440 Park Avenue South
New York, NY 10016
Phone:
212-497-3500
Year, State Incorporated:
1963, New York
Affiliates:
None
Stated Purpose:
" Cultural Vistas is committed to its mission to enrich minds, advance global skills, build careers, and connect lives through international exchange. "





Evaluation Conclusions
 

              
Cultural Vistas, Inc meets the 20 Standards for Charity Accountability.




Programs
 

              
CDS International provides students and young professionals with international training opportunities and internships in business, engineering, hotel administration, and technical fields. These include both inbound opportunities for foreign students and professionals and outbound opportunities for Americans. The organization also manages fellowships enabling young American professionals to pursue work assignments and study in Germany and Russia.



Programs
 

              

"Cultural Vistas builds upon the longstanding and rich histories of the Association for International Practical Training (AIPT) and CDS International. The exciting result of a January 2011 merger between the two recognized exchange leaders, Cultural Vistas represents an exciting new beginning; bringing together a strengthened voice, broader global network, and the enhanced capacity to continue and create new and innovative programs that engage young people, build mutual understanding, and develop global competencies."

Train USA Professional development program providing international students and young professionals the opportunity to complete career-focused internships and structured training programs with U.S. companies for up to 18 months.

Teach USA Teacher exchange program connecting experienced foreign educators with full-time placements for up to three years at U.S. primary and secondary schools where the growing needs exist.

IAESTE United States Longstanding, reciprocal exchange program dedicated to developing global skills in tomorrow’s leaders thorough career-building internships abroad for U.S. and international students majoring in science and technical fields.

Korea WEST Personalized exchange program bringing top Korean students and young professionals to the United States for up to 18 months to study English, complete a professional internship, and travel independently.

Global Career Launch Summer internship program providing international students with the professional experience necessary to build careers and the opportunity to explore and experience U.S. life and culture.

Work and Travel USA A J-1 visa program offering international students the opportunity to spend their university vacations immersing in American life and culture.

International Leadership Program The U.S. Department of State's premier professional exchange program , enabling emerging world leaders to gain first hand knowledge about the United States, its people, policies and culture through carefully designed short-term visits. As one of only eight national program agencies, Cultural Vistas administers, designs, and implements IVLP programs.

Congress-Bundestag Youth Exchange for Young Professionals (CBYX) Full year, reciprocal work-study scholarship program providing young German professionals the opportunity to live, work, and study in the United States.

Placement USA The Cultural Vistas Placement USA program works in cooperation with universities and government organizations to offer international students and recent graduates career-focused internship placements at established organizations across the United States.

Alfa Fellowship Program High level, 11-month professional development program for young professionals from the U.S. and U.K. to live abroad and work at leading organizations in Russia.

EMGIP Fellowship One to three-month program providing U.S. and Canadian students interested in pursuing careers in government and public affairs with internships in the German state parliament.

Halle Fellowship Program Three-month fellowship program annually providing university students from the state of Georgia opportunities to live, work, and explore their career interests in Germany.

Robert Bosch Foundation Fellowship Program Comprehensive, nine-month professional development program in Germany for accomplished young Americans in the fields of business, economics, journalism, law, and public policy.

Baden-Württemberg-STIPENDIUM WISP Fellowship Three month summer work-study immersion program in Germany exclusively for community college students.

Internships Abroad Enriching, personalized training and professional internship programs in Argentina, Chile, Germany, and Spain for U.S. students and young professionals designed to enhance business skills and foreign language proficiency. Custom internship programs for students enrolled at Yale University, University of Michigan, Michigan State University, and the College of Charleston are also offered.

Work Abroad in Germany An independent work abroad program that equips U.S. students and recent graduates with work authorization and the support necessary to live, learn, and advance their skills in Germany for up to 12 months.

Work Abroad in Switzerland An independent work abroad program providing young professionals with work authorization and support necessary to live, learn, and advance their skills in Switzerland for up to 18 months.

American Youth Leadership Program The American Youth Leadership Program with Japan, Japan – America Watershed Stewardship Project is a virtual and international exchange supported by a grant from the U.S. Department of State. The program develops a corps of individuals (both high school students and educators) who are exposed to the people, culture, and ecology of Japan, and trained to pass on their knowledge to others in their schools and communities.

IAESTE Longstanding, reciprocal exchange program dedicated to developing global skills in tomorrow's leaders through career-building internships abroad for U.S. students majoring in science and technical fields with host companies around the world.






Governance
 

              
Chief Executive Officer:
Mr. Robert Fenstermacher, President & Chief Executive Officer
Compensation*:
$177,634
Highest Paid Executive:
Ms. Elizabeth Chazottes,SPL Liaison for GOV. RELS.
Compensation*
: $217,350
Chair of the Board:
Dr. Howard A. Rollins, Jr.
Chair's Profession / Business Affiliation:
Georgia Institute of Technology
Board Size:
20
Paid Staff Size:
65



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, grant proposals, and internet.
Fund raising costs were 15.3% of related contributions. (Related contributions, which totaled $144,416, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Cultural Vistas's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Program administration fees

$6,096,230

Program revenues

3,443,138

Government contracts (less IVLP government grant)

1,215,819

IVLP government grant

113,522

Investment activity

85,061

Contributions

30,894

Other income

15,185

Total Income

$10,999,849

Program Expenses  

Train USA and WEST Programs

$5,048,263

Robert Bosch and Alfa Fellowships

1,302,498

Congress-Bundestag Youth Exchange

996,218

Internships Abroad and IAESTE Programs

557,010

American Youth Leadership Programs

383,293

Short-term Programs

375,180

International Visitor Leadership Program

122,341
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

8,784,803
22,137
1,761,195

$10,568,135

$431,714




Uses of Funds as a % of Total Expenses


Programs: 83%  Fund Raising: %  Administrative 17% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,053,922
Ending net assets 6,485,636
Total liabilities 1,665,567

Total assets

$8,151,203






 

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