2017-05-12T13:57:33-05:00 2016-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPA PC 19 MORGAN DRIVE LEBANON NH 03766 990 2015-07-01 042589375 SCHOOL YEAR ABROAD INC SCHO 9787256828 120 WATER STREET NORTH ANDOVER MA 01845 MICHAEL MCCARTHY DIRECTOR OF OPERATIONS AND FINANCE 9787256828 2017-05-11 1 JAMES N GODFREY CPA P00913422 6036530044 2017-05-09 2015 2021-01-29 14:40:06Z MICHAEL MCCARTHY 120 WATER STREET NORTH ANDOVER MA 01845 14873838 0 X WWW.SYA.ORG X 1965 MA TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS THAT ALLOW THEM TO LIVE AND STUDY ABROAD 15 15 54 405 0 0 1666228 1200242 12851523 13269192 259462 301392 298634 103012 15075847 14873838 3296984 3051842 0 0 5372764 5149052 0 0 737018 5482826 5137102 14152574 13337996 923273 1535842 21530865 20524276 5424253 3068047 16106612 17456229 TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS THAT ALLOW THEM TO LIVE IN EITHER CHINA, SPAIN, ITALY, OR FRANCE FOR AN ENTIRE YEAR, FOR A SEMESTER, OR FOR A SUMMER, WHILE EARNING US GRADUATION CREDITS 0 0 9963462 3051842 13372204 SCHOOL YEAR ABROAD, INC PROVIDES EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS BY SENDING THEM OVERSEAS TO STUDY AT ONE OF FOUR SCHOOLS IN CHINA, FRANCE, ITALY,OR SPAIN. DURING THE 2015-2016 SCHOOL YEAR, 236 STUDENTS STUDIED AT ONE OF OUR CAMPUSES IN CHINA, FRANCE, ITALY, AND SPAIN AND 116 ATTENDED SUMMER PROGRAMS IN FRANCE, CHINA, ITALY, AND SPAIN. 9963462 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 54 1 0 1 FR IT CH SP 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MICHAEL MCCARTHY 9787256828 120 WATER STREET NORTH ANDOVER MA 01845 TOM HASSAN PRESIDENT 50.00 X X 0 0 0 BODIE BRIZENDINE TRUSTEE 2.00 X 0 0 0 JAMES BRODERICK TRUSTEE 2.00 X 0 0 0 EMERY N BROWN TRUSTEE 2.00 X 0 0 0 KENNETH KRUSHEL CHAIR 5.00 X X 0 0 0 AIMECLAIRE LAMBERT ROCHE VICE-CHAIR 5.00 X X 0 0 0 ALEXANDRA ALGER TRUSTEE 2.00 X 0 0 0 DAVID BERZ TRUSTEE 2.00 X 0 0 0 ALEXA BATOR CHAE TRUSTEE 2.00 X 0 0 0 KIRK A DAVENPORT II TRUSTEE 2.00 X 0 0 0 JULIA RUSSELL EELLS TRUSTEE 2.00 X 0 0 0 RICK HARDY TRUSTEE 2.00 X 0 0 0 PETER S W LEVIN TRUSTEE 2.00 X 0 0 0 CAROLYN MILLSTEIN TRUSTEE 2.00 X 0 0 0 CARL H MOOR TRUSTEE 2.00 X 0 0 0 JOHN R PACKARD TRUSTEE 2.00 X 0 0 0 JOHN G PALFREY JR TRUSTEE 2.00 X 0 0 0 KRISTIN LUND VOSMIK TRUSTEE 2.00 X 0 0 0 JENNY D WANGER TRUSTEE 2.00 X 0 0 0 JACK CREEDEN PRESIDENT THRU 6/30/16 20.00 X 236252 0 54598 MICHAEL MCCARTHY DIRECTOR OF FINANCE 50.00 X 41846 0 2927 JON DOUGLAS DIRECTOR OF FINANCE THRU 8/1/15 50.00 X 89876 0 27424 EILEEN KELLY-AQUIRRE EXECUTIVE DIRECTOR 50.00 X 154336 0 45159 HILDE BECKER RESIDENT DIRECTOR 40.00 X 102510 0 14406 DENIS BROCHU RESIDENT DIRECTOR 40.00 X 110683 0 22482 KATHERINE KOZIN DIRECTOR OF DEVELOPMENT 40.00 X 108590 0 14831 844093 0 181827 5 0 1 0 0 1200242 25660 1200242 TUITION AND FEES 611710 13161692 13161692 SCHOOL MEMBER FEES 611710 107500 107500 13269192 274819 274819 26573 0 26573 26573 26573 MISCELLANEOUS INCOME 900099 164909 164909 FOREIGN CURRENCY ADJUS 900099 -61897 -61897 103012 14873838 13372204 0 301392 3051842 3051842 442706 124399 221553 96754 3627100 2201480 1069155 356465 688563 601614 41109 45840 390683 138589 187197 64897 91352 32810 58542 51107 51107 19649 19649 31731 25455 6276 243208 512 242696 104887 35614 59819 9454 507536 338831 126528 42177 988383 876249 112134 11443 11443 232320 209126 23194 292877 167663 125214 HOUSING 1530265 1530265 EQUIPMENT AND FURNITURE 229939 88676 141263 MEALS 179771 179771 ALUMNI DEVELOPMENT 165797 44366 121431 456837 349123 107714 13337996 9963462 2637516 737018 2594617 2831108 2919431 1757815 235000 200000 53838 60165 175000 174922 280765 227834 6193254 2257397 3909699 3935857 4678902 4752518 6683613 6584057 21530865 20524276 1139920 908314 3604033 2159733 680300 0 5424253 3068047 X 13460298 14895297 538544 449127 2107770 2111805 16106612 17456229 21530865 20524276 X 1535842 -286305 100080 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11406579 367854 -25939 338819 11409675 11771168 22609 153545 540743 11406579 10704142 21456 1547800 502230 11771168 9969190 162988 875059 303095 10704142 9460453 1032207 -38209 485261 9969190 0.79400 0.18500 0.02100 0 0 3091341 542301 2549040 2187139 961447 1225692 914774 753649 161125 3935857 OTHER SECURITIES 6584057 F 6584057 X 11517536 -286305 1493 -3051841 -3336653 14854189 19649 19649 14873838 10167919 1493 -100079 -98586 10266505 19649 3051842 3071491 13337996 PART V, LINE 4: SCHOOL YEAR ABROAD'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC SUPPORT, STUDENT SERVICES, AND GENERAL OPERATING SUPPORT. PART X, LINE 2: THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740), ON JULY 1, 2009. FASB ASC 740 SEEKS TO REDUCE THE DIVERSITY IN PRACTICE ASSOCIATED WITH CERTAIN ASPECTS OF MEASUREMENT AND RECOGNITION IN ACCOUNTING FOR INCOME TAXES. IN ADDITION, FASB ASC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND ACCOUNTING IN INTERIM PERIODS AND REQUIRES EXPANDED DISCLOSURE WITH RESPECT TO THE UNCERTAINTY IN INCOME TAXES. THE SCHOOL'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS INCLUDES A REVIEW OF ALL MATERIAL TAX POSITIONS FOR ALL TYPES OF TAXES IN ALL JURISDICTIONS AND FOR ALL OPEN YEARS IN ACCORDANCE WITH THE RECOGNITION AND MEASUREMENT REQUIREMENTS OF FASB ASC 740. THE MOST COMMON TAX POSITION FOR THE SCHOOL IS A POSITION TAKEN IN THE ENTITY'S TAX EXEMPT STATUS. HOWEVER, FASB ASC 740 ALSO LOOKS AT OTHER FORMS OF TAX POSITIONS, INCLUDING WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. ONCE THIS PROCESS IS COMPLETED, THE POSITIONS ARE EVALUATED IN TERMS OF THEIR LIKELIHOOD TO SUCCEED. FOR TAX POSITIONS THAT DO NOT MEET THE DEFINITION OF MORE LIKELY THAN NOT TO SUCCEED, NO TAX BENEFIT IS CONSIDERED. ONLY THOSE TAX POSITIONS THAT HAVE A GREATER-THAN-50% CHANCE OF BEING SUSTAINED ON AUDIT BY A KNOWLEDGEABLE AGENT ARE INCLUDED IN VALUING THE BENEFIT. THIS ANALYSIS IS PERFORMED USING ALL RELEVANT AUTHORITIES. THE SCHOOL FILES THE FORM 990. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE JUNE 30, 2013. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITIES FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,051,842. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY EXCHANGE -100,079. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,051,842. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN THE INSTRUCTIONS GIVEN TO COORDINATORS AT MEMBER SCHOOLS FRANCE 1 16 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1895577 SPAIN 1 14 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1927179 CHINA 1 14 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1363951 ITALY 1 12 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1414426 4 56 0 0 4 56 6601133 0 6601133 0 0 0 0 0 0 1 FINANCIAL AID 128 3051842 FMV DISCOUNTS TO SCHOLARSHIPS PART I, LINE 2: SCHOLARSHIP GRANTS ARE AWARDED TO STUDENTS AS A DISCOUNT ON THEIR TUITION. ALL SUCH GRANTS ARE AWARDED UPON COMPLETION OF THE SSS APPLICATION AND SUBMISSION OF INCOME TAX DOCUMENTS. NO CASH IS GIVEN DIRECTLY TO AN INDIVIDUAL. 1 X X X X X 0 0 0 0 0 0 0 0 0 JACK CREEDEN PRESIDENT THRU 6/30/16 236252 0 0 0 0 0 29137 0 25461 0 290850 0 0 0 EILEEN KELLY-AQUIRRE EXECUTIVE DIRECTOR 154336 0 0 0 0 0 19409 0 25750 0 199495 0 0 0 JOHN E CREEDAN PRESIDENT PERSONAL HOME MORTGAGE PAYMENT AND ASSISTANCE X 175000 174922 0 1 1 174922 X 13 25660 FMV 0 1 1 PART I, LINE 32B: STOCK GIFTS RECEIVED ARE PROCESSED AND SOLD BY THE SCHOOL'S CUSTODIAL FINANCIAL INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS DISTRIBUTED ELECTRONICALLY TO BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. ANY QUESTIONS OR COMMENTS ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES ARE DISTRIBUTED AND SIGNED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 WAGES ARE COMPARED AGAINST NATIONAL AND REGIONAL DATA PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY EXCHANGES 100,079. ROUNDING 1. 990 , PART XII, LINE 2C FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.