2022-02-12T17:49:39-05:00 2021-05-31 042666565 John M Monticone CPA 5 High Street Suite 207 Medford MA 02155 990 2020-06-01 222789574 Friends of the American Board School FRIE 292 Newbury Street STE 344 Boston MA 02115 Ismail Ekmekci President 6175233433 2021-09-23 true Ismail Ekmekci John M Monticone CPA P01257043 7813950024 2022-02-12 X 0 00 AAL1 IAL1 2020 2022-09-23 18:48:47Z 730737 false X www.fabsit.org X 1986 DE FOSTER EXCELLENCE IN SECONDARY EDUCATION AND HEALTH CARE IN TURKEY THROUGH SUPPORT THE AMERICAN BOARD SCHOOLS AND HOSPITAL AND THROUGH THEM, TO INSTILL VALUES AND PROVIDE KNOWLEDGE TO HELP YOUNG MEN AND WOMEN BECOME CONTEMPORARY LEADERS CONTRIBUTING TO THE DEVELOPMENT OF TURKEY. 11 11 1 11 0 0 172295 281900 46000 46000 -19280 43205 0 199015 371105 140800 242172 0 75062 76976 0 22127 36930 26401 252792 345549 -53777 25556 904083 1127218 19700 20300 884383 1106918 FOSTER EXCELLENCE IN SECONDARY EDUCATION AND HEALTH CARE IN TURKEY THROUGH SUPPORT THE AMERICAN BOARD SCHOOLS AND HOSPITAL AND THROUGH THEM, TO INSTILL VALUES AND PROVIDE KNOWLEDGE TO HELP YOUNG MEN AND WOMEN BECOME CONTEMPORARY LEADERS CONTRIBUTING TO THE DEVELOPMENT OF TURKEY. false false 291225 242172 46000 ESTABLISHED TO PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO SCHOOLS AND HOSPITALS IN TURKEY. THE EXPENDITURES ALLOCATED TO PROGRAM SERVICES WERE ACTUAL GRANTS AND AN ALLOCATION OF ALL OTHER EXPENSES BASED ON ESTIMATED TIME. 291225 true true false false false false false false false true true false false false false true false false false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false true 2 0 true 1 true false false false false false false false false false false false false false false X 11 11 true false false false false false false true false false false true true true true true true false false false MA NY X ISMAIL EKMEKCI 6175233433 292 Newbury Street Boston MA 02115 X HAKAN OZKABAS DIRECTOR 3.00 0.00 X 0 0 0 ROBERT KELLER DIRECTOR 3.00 0.00 X 0 0 0 BARCLAY SHEPARD DIRECTOR 3.00 0.00 X 0 0 0 AHMET HOKE DIRECTOR 3.00 0.00 X 0 0 0 SELIM SULOS DIRECTOR 3.00 0.00 X 0 0 0 DOROTHY KELLER DIRECTOR 3.00 0.00 X 0 0 0 DILHAN KALYON DIRECTOR 3.00 0.00 X 0 0 0 KEREM TURUNC VICE PRESIDENT 3.00 0.00 X X 0 0 0 ISMAIL EKMEKCI PRESIDENT 5.00 0.00 X X 0 0 0 BALCA KORKUT GOK SECRETARY 3.00 0.00 X X 0 0 0 TARIK MUGHISUDDIN TREASURER 3.00 0.00 X X 0 0 0 0 0 0 0 false false false 15700 266200 281900 PROGRAM SERVICE REVENUE 900099 46000 46000 46000 3472 3472 399365 359632 39733 39733 39733 371105 46000 0 43205 242172 242172 60000 30000 15000 15000 10000 5000 2500 2500 1671 835 418 418 5305 2653 1326 1326 388 388 4000 4000 8700 4800 3900 1990 846 721 423 1169 1169 2677 1339 669 669 1077 539 269 269 2597 1297 650 650 Telephone 1241 621 310 310 Postages and shipping 88 44 22 22 Printingcopying newsletter 2159 1079 540 540 State Filing Fees 315 315 345549 291225 32197 22127 X 18070 62203 20166 16629 9455 2803 1073 5770 5770 853589 1047313 904083 1127218 4000 4600 15700 15700 19700 20300 X 781907 988150 102476 118768 884383 1106918 904083 1127218 25556 196979 0 X true X false true false X 771798 802132 320794 172295 281900 2348919 771798 802132 320794 172295 281900 2348919 68861 2280058 104168 35585 15879 9179 43205 208016 2556935 192800 0.89170 0.91870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 849164 229080 240180 241772 50000 1026652 834660 122294 51010 140800 18000 849164 856254 283500 4413 272000 37507 834660 838029 778159 53328 773784 39480 856252 895067 727319 79838 799195 65000 838029 0.88000 0.08000 0.04000 false false 5770 5770 X Endowment funds intended uses (Part V, line 4) Board Designated Endowment is to support the organization in providing financial and educational assistance to schools and hospitals in Turkey. Total $ 907,884.The Permanent Endowment is held in perpetuity. Earnings resulting from the investment of principal are available to make scholarships awards. Total $ 80,370.The Temporarily Restricted Endowment consists of the following:Restricted for grants to schools and hospitals in Turkey $ 38,398. Footnote for uncertain tax position under FIN 48 (Part X) The Organization has evaluated the tax positions taken on returns for open years and those expected to be taken on returns for the year ended May 31, 2021. It is Managements belief that such tax positions are more likely than not to be sustained upon examination by tax authorities. Accordingly, no liability for uncertain tax positions has been reflected in these financial statements. Returns for tax years beginning with those filed for the year ended May 31, 2018 are open to examination. Europe including Iceland and Greenland Schedule O 242172 Wire Transfers na Book 1 false false false false false false Supplemental Information (Part V, Other) Strategic Plans and Budgets are submitted by grant recipients outside of the United States for review by Friends Of The American Board Schools in Turkeys (FABSIT) Board of Directors. FABSIT requires written annual reports from Grant recipients upon the use of the funds. Kadriye Ekmekci Wife of Ismail Ekmekci President 60000 Salary earned as Office Administrator false Supplemental Information for Schedule L Mrs. Kadriye Ekmekci is married to Mr. Ismail Ekmekci, President of the Organization and works as Office Administrator 40 hours a week with a monthly salary of $5,000. The board of directors approved her salary with Mr. Ekmekci recusing himself. Officer directors etc family relationship Part VI line 2 Dorothy Keller and Robert Keller: Family relationship. Committee meeting documentation Part VI line 8b No committee has the authority to act on behalf of the governing body. Form 990 governing body review Part VI line 11 The Officers and the Board of Directors review the form 990 before it is filed. Conflict of interest policy compliance Part VI line 12c The Organization requires each new key employee, officer or director to review a copy of the Policy on Conflicts of Interest and Disclosure of certain Interest and to acknowledge in writing that he or she has done so. Additionally, each key employee, officer or director, annually completes a disclosure form identifying any relationships, positions, or circumstances in which the employee is involved that he or she believes could contribute to a conflict of interest arising. Other officer or key employee compensation Part VI line 15b The Organization doesnt have any compensated officer or key employee. Governing documents etc available to public Part VI line 19 Governing documents, conflict of interest policy and financial statements are available for public inspection, upon request, at 292 Newbury Street,Suite 344, Boston, MA 02115. General explanation attachment Form 990, Schedule F, page 2, Part II, Column D:Line 1: Campus upgrade for the Uskudar American Academy