2019-06-26T13:44:09-05:00 2018-09-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2017-10-01 043174501 EF INTERCULTURAL FOUNDATION INC EFIN 8009921892 ONE EDUCATION STREET CAMBRIDGE MA 02141 MARK HILDITCH TREASURER 6176191135 2019-06-21 1 MARK J PREZIOSI P00968923 7813564800 50.78.249.1 2019-06-21 10:51:42 ED P 6761E5A0F78115DE24D110D3E4C16F6B53D4B498 1162D84580A2728FAB810BB07A5075FB9277F4DF 2017 2019-02-21 02:37:17Z X LARS AHLQVIST TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 5419507 0 X WWW.EFHOMESTAY.ORG X 1992 MA TO OPERATE PROGRAMS OF INTERNATIONAL EDUCATION AND CULTURAL EXCHANGE BETWEEN THE UNITED STATES AND OTHER COUNTRIES. 2 2 235 12 0 0 0 0 5623457 5418316 0 1191 271 0 5623728 5419507 0 0 0 0 1789642 1731468 0 0 0 3716383 3661411 5506025 5392879 117703 26628 789437 755941 270289 210165 519148 545776 TO OPERATE PROGRAMS OF INTERNATIONAL EDUCATION AND CULTURAL EXCHANGE BETWEEN THE UNITED STATES AND OTHER COUNTRIES. 0 0 3581288 5418316 DEVELOP AND MANAGE VISITOR EXCHANGE PROGRAMS FOR TEEN-AGED STUDENTS TO ENHANCE THEIR KNOWLEDGE, AWARENESS, AND APPRECIATION OF INTERNATIONAL CULTURE AND LANGUAGE THROUGH ACTIVE PARTICIPATION ABROAD. APPROXIMATELY 2,276 STUDENTS SERVED IN 2018. 3581288 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 122 0 235 1 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 MA CA X X MARK HILDITCH 6176191135 TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 JENS APPELKVIST DIRECTOR 1.00 X 0 0 0 LISA SOUSA DIRECTOR 1.00 X 0 0 0 ROBERT HART THRU 102017 PRESIDENT 40.00 X 175903 0 21309 JONAS BERGVALL TREASURER/CLERK 3.00 X 0 0 0 LARS AHLQVIST EFF 102017 PRESIDENT 1.00 40.00 X 0 99017 11745 MARYANN TRUE AREA MANAGER 40.00 X 183663 0 17652 359566 99017 50706 2 0 1 0 SEYFARTH SHAW LLP 131 S DEARBORN SUITE 2400 CHICAGO IL 60603 LEGAL SERVICES 354481 1 PROGRAM FEE REVENUE 611710 5418316 5418316 5418316 1191 1191 5419507 5418316 0 1191 134746 134746 1386805 795434 591371 5614 1980 3634 103778 73938 29840 100525 38101 62424 165120 165120 14000 14000 9676 9676 157471 157471 155625 155625 96313 96313 167015 167015 5311 5311 TRANSPORTATION 1023929 1023929 TOURS 690678 690678 ACCOMMODATION EXPENSES 501759 501759 OTHER DIRECT COSTS 455469 455469 219045 219045 5392879 3581288 1811591 0 540501 527581 40286 24772 38396 46357 1906 62882 58361 8663 4521 115234 197161 789437 755941 270289 210165 270289 210165 X 519148 545776 519148 545776 789437 755941 26628 0 X 0 1 X 1 0 X 10116273 8758549 6474038 5623457 5418316 36390633 10116273 8758549 6474038 5623457 5418316 36390633 0 0 0 36390633 1191 1191 1191 1191 271 271 10116273 8758549 6474038 5623728 5419507 36392095 1.00000 1.00000 0.00000 X 62882 58361 4521 4521 DUE FROM AFFILIATED COMPANIES 196311 DEPOSITS 850 197161 X 0 0 0 0 0 0 0 0 0 ROBERT HART THRU 102017 PRESIDENT 175903 0 0 0 0 0 1921 0 19388 0 197212 0 0 0 MARYANN TRUE AREA MANAGER 183663 0 0 0 0 0 6000 0 11652 0 201315 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES. DUE TO THE SIZE OF THE BOARD (2 MEMBERS), ALL DIRECTORS AND OFFICERS ARE INVOLVED IN ALL FOUNDATION DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S TREASURER AND CLERK PRESENT A DRAFT OF THE FORM 990 TO THE BOARD, WHICH IS PREPARED BY THE FOUNDATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTANT COMMENTS AND CHANGES ARE THEN INCORPORATED INTO THE FORM 990 BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS OF THE FOUNDATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE FOUNDATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE EFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP OFFICIALS IS BASED UPON APPROVAL BY THE BOARD OF DIRECTORS. FOR OTHER KEY EMPLOYEES AND OFFICERS, COMPENSATION IS BASED UPON A FIXED SUM AGREED UPON AT THE TIME OF EMPLOYMENT. THIS SUM REFLECTS AN EMPLOYEE'S LEVEL OF EXPERIENCE AND EXPERTISE WHEN (S)HE JOINS THE FOUNDATION. SALARIES ARE STRICTLY CONFIDENTIAL AND NEGOTIATED INDIVIDUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE WEBSITES OF CERTAIN STATE REGULATORY AGENCIES AS WELL AS UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 UNDER AN AGREEMENT WITH EF EDUCATION FIRST, LTD., THE FOUNDATION IS COMPENSATED FOR OPERATING AND ADMINISTERING EDUCATIONAL AND CULTURAL EXCHANGE PROGRAMS WITHIN THE UNITED STATES. EF EDUCATION FIRST, LTD. REIMBURSED THE FOUNDATION FOR ALL PRODUCTION COSTS AND OTHER APPROVED EXPENDITURES INCURRED. FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017, THE AMOUNT OF THESE COSTS TOTALED $5,418,288 AND $5,476,511, RESPECTIVELY, AND ARE INCLUDED IN PROGRAM FEE REVENUE ON FORM 990, PART VIII. AMOUNTS DUE FROM AFFILIATED COMPANIES AT SEPTEMBER 30, 2018 AND 2017 TOTALED $196,311 AND $115,234, AND ARE INCLUDED IN OTHER ASSETS ON FORM 990, PART X. INTEREST INCOME RECOGNIZED RELATIVE TO THE BALANCES FROM TO AFFILIATED COMPANIES TOTALED $1,191 FOR THE YEAR ENDED SEPTEMBER 30, 2018. THE FOUNDATION LEASES ITS PRIMARY OFFICE SPACE IN CAMBRIDGE, MASSACHUSETTS FROM EFEKTA HOUSE, INC. THE ORIGINAL LEASE WAS ENTERED INTO DECEMBER 1, 2014 AND WAS AMENDED ON JANUARY 1, 2016 AND ON OCTOBER 1, 2017. THE AMENDED LEASE CALLS FOR ANNUAL RENT OF $155,625 AND EXPIRES ON SEPTEMBER 30, 2022. RENT EXPENSE FOR OFFICE SPACE PAID TO EFEKTA HOUSE, INC. TOTALED $155,625 AND $120,350 IN 2018 AND 2017, RESPECTIVELY AND ARE INCLUDED IN OCCUPANCY EXPENSES ON FORM 990, PART IX. EF INTERNATIONAL EDUCATION FOUNDATION LLC 2 EDUCATION CIRCLE CAMBRIDGE MA 02141 452721466 EVALUATION OF APPLICATIONS FOR SCHOLARSHIPS MA 0 0 EF INTERCULTURAL FOUNDATION INC