2019-01-06T11:07:18-05:00 2018-05-31 042666565 John M Monticone CPA 5 High Street Suite 207 Medford MA 02155 990 2017-06-01 222789574 Friends of the American Board School FRIE 14 Beacon Street Boston MA 02108 Ismail Ekmekci President 6175233433 2019-01-15 true John M Monticone CPA P01257043 7813950024 2019-01-06 X 98.217.9.124 2019-05-09 15:04:07 0404342019129wzhazyu 2019-05-09 P 3F32101032E160E6A2CA19266E00DF59511B13FC 3F32101032E160E6A2CA19266E00DF59511B13FC 2017 2019-02-21 02:37:17Z 1172399 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. 12 12 1 12 0 0 771798 802132 33600 33600 104168 35585 0 909566 871317 799072 773784 0 75698 75607 0 29702 42523 45029 917293 894420 -7727 -23103 1351098 896238 455001 5500 896097 890738 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 826789 773784 33600 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. 826789 true true false false false false false false false true true false false false false true true false false false true 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 X 12 12 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 14 Beacon Street Boston MA 02108 X ISMAIL EKMEKCI PRESIDENT 5.00 0.00 X X 0 0 0 KEREM TURUNC VICE PRESIDENT 3.00 0.00 X X 0 0 0 TARIK MUGHISUDDIN TREASURER 3.00 0.00 X X 0 0 0 BALCA KORKUT GOK SECRETARY 3.00 0.00 X X 0 0 0 DILHAN KALYON DIRECTOR 3.00 0.00 X 0 0 0 DOROTHY KELLER DIRECTOR 3.00 0.00 X 0 0 0 ROBERT KELLER DIRECTOR 3.00 0.00 X 0 0 0 HAKAN OZKABAS DIRECTOR 3.00 0.00 X 0 0 0 BARCLAY SHEPARD DIRECTOR 3.00 0.00 X 0 0 0 SELIM SULOS DIRECTOR 3.00 0.00 X 0 0 0 MEHMET NANE DIRECTOR 3.00 0.00 X 0 0 0 AHMET HOKE DIRECTOR 3.00 0.00 X 0 0 0 0 0 0 0 false false false 700000 102132 802132 PROGRAM SERVICE REVENUE 900099 33600 33600 33600 10410 10410 326257 301082 25175 25175 25175 871317 33600 0 35585 773784 773784 60000 30000 15000 15000 10000 5000 2500 2500 5607 2803 1402 1402 4150 4150 7200 3600 3600 3351 1675 838 838 10234 5234 5000 9912 4956 2478 2478 1449 725 362 362 243 243 3668 1834 917 917 Telephone 1692 846 423 423 Postages and shipping 233 117 58 58 Printingcopying newsletter 1183 591 296 296 Miscellaneous expenses 1714 858 428 428 894420 826789 37929 29702 X 514132 19004 21052 23096 18617 4977 300 1126 5770 5495 518 275 725296 847760 71183 1351098 896238 6200 5500 448801 455001 5500 X 796397 784623 29330 35745 70370 70370 896097 890738 1351098 896238 -23103 17744 0 X false true X true false X 116617 250588 162756 771798 802132 2103891 116617 250588 162756 771798 802132 2103891 66756 2037135 27898 75322 32466 104168 35585 275439 2379330 211341 0.85620 0.86100 X 838029 778159 53328 773784 39480 856252 895067 727319 79838 799195 65000 838029 926649 103771 -31842 103510 895068 882677 222531 41223 191782 28000 926649 789017 82842 87996 77178 882677 0.88000 0.08000 0.04000 false false 5770 5495 275 275 X 889061 17744 17744 871317 871317 894420 894420 894420 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 $ 750,139.The Permanent Endowment is held in perpetuity. Earnings resulting from the investment of principal are available to make scholarships awards. Total $ 70,370.The Temporarily Restricted Endowment consists of the following:Restricted for grants to schools and hospitals in Turkey $ 35,745. 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, 2018. 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, 2015 are open to examination. true Europe including Iceland and Greenland Grant making NA 773784 773784 773784 Europe including Iceland and Greenland See Sch O 28666 Wire Transfer Book Europe including Iceland and Greenland See Sch O 10168 Wire transfer Book Europe including Iceland and Greenland See Sch O 24930 Wire transfer Book Europe including Iceland and Greenland Schedule O 7429 Wire Transfer Book Europe including Iceland and Greenland Schedule O 2591 Wire transfer Book Europe including Iceland and Greenland Schedule O 523000 Wire transfer Book Europe including Iceland and Greenland Schedule O 177000 Wire Transfer Book 5 false false false false false false Use of grant monitoring procedures (Part I, line 2) 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. Method of accounting for expenditures (Part I, line 3, col f) Accrual Method of Accounting 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 14 Beacon Street, Boston MA 02108 General explanation attachment Form 990, Schedule F, page 2, Part II, Column D:Line 1: Financial aid to Gaziantep Hospital in TurkeyLine 2: Financial aid for the American Collegiate Institute in TurkeyLine 3: Financial aid for the TAC Brick ProjectLine 4: Campus upgrade of the IZMIR School in TurkeyLine 5: Financial aid for the Rehouse Press project in TurkeyLine 6: Scholarships for studentsLine 7: Campus upgrade of the Uskudar American AcademyLine 8: Financial aid for the Tarsus School in Turkey