2016-10-01T10:49:37-04:00 2016-05-31 042666565 John M Monticone CPA 5 High Street Suite 207 Medford MA 02155 990 2015-06-01 222789574 Friends of the American Board School FRIE 14 Beacon Street Boston MA 02108 ISMAIL EKMEKCI President 6175233433 2016-10-15 true John M Monticone CPA P01257043 7813950024 2016-10-01 2015 2017-02-10 21:41:12Z 681383 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. 10 10 1 10 0 0 250588 162756 33600 80541 75322 32466 400 0 359910 275763 191782 103510 0 40628 40148 0 19215 47992 70192 280402 213850 79508 61913 933949 933154 3400 5000 930549 928154 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 162982 103510 80541 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. 162982 true true false false false false false false false true true true false false false true true false false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false true 4 0 true 1 true false false false false false false false false false false false false X 10 10 true false false false false false false true false false false true true true true true true false false false MA NY X KADRIYE 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 OZAKBAS 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 0 0 0 0 false false false 8000 154756 162756 PROGRAM SERVICE REVENUE 900099 80541 80541 80541 30955 30955 387131 385620 1511 1511 1511 20000 8000 20000 275763 80541 0 32466 103510 103510 36000 18000 9000 9000 4148 2074 1037 1037 3500 3500 7655 7655 7200 3600 3600 5324 2662 1331 1331 9912 4956 2478 2478 2963 1481 741 741 25121 22561 2560 243 243 3469 1735 867 867 Telephone 1495 747 374 374 Postages and shipping 355 177 89 89 Printingcopying newsletter 901 451 225 225 Dues and Subscriptions 224 112 56 56 1830 916 457 457 213850 162982 31653 19215 X 75999 125041 21463 26558 3505 4326 11441 522 5770 5009 1004 761 516263 543297 304274 232649 933949 933154 3400 5000 3400 5000 X 762988 766091 112191 99193 55370 62870 930549 928154 933949 933154 61913 -64308 0 X false true X true false X 126826 842112 116617 250588 162756 1498899 126826 842112 116617 250588 162756 1498899 80605 1418294 22806 29532 27898 75322 32466 188024 1686923 195101 0.84080 0.88000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 926649 103771 -31842 103510 895068 882677 222531 41223 191782 28000 926649 789017 82842 87996 77178 882677 685803 795803 115235 766082 41742 789017 711392 44315 -60789 9115 685803 0.00820 0.00070 0.00110 false false 5770 5009 761 761 AMCAP FUND INC 61657 F JP MORGAN TR II EQUITY INCOME 49783 F TEMPLETON INCOME TR GLOBAL BD ADVI 53736 F VANGUARD SPECIALIZED FUNDS 67473 F 232649 X 231455 -64308 20000 -44308 275763 275763 233850 20000 20000 213850 213850 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 $ 733,004.The Permanent Endowment is held in perpetuity. Earnings resulting from the investment of principal are available to make scholarships awards. Total $ 62,870.The Temporarily Restricted Endowment consists of the following:Restricted for grants to schools and hospitals in Turkey $ 96,271Restricted for scholarships 2,923Total Temporarily Restricted funds as of May 31, 2015 $ 99,194 Other revenues not included on Form 990 (Part XI, line 2d) Gross revenue from Fundraising activity was disclosed in the 990 net of direct expenses. Other expenses not included on Form 990 (Part XII, line 2d) Fundraising event expense for $20,000 was disclosed in the 990 net of revenue. 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, 2015. 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, 2013 are open to examination. true Europe including Iceland and Greenland Grant making NA 103510 103510 103510 Europe including Iceland and Greenland See Sch O 27128 Wired Europe including Iceland and Greenland See Sch O 9303 Wired Europe including Iceland and Greenland See Sch O 27463 Wired Europe including Iceland and Greenland Schedule O 6409 Wired Europe including Iceland and Greenland Schedule O 2407 Wired Europe including Iceland and Greenland Schedule O 25800 Wired Europe including Iceland and Greenland Schedule O 5000 Wired 7 false false false false false false 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. See Sch O 28000 8000 20000 20000 28000 8000 20000 20000 20000 Kadriye Ekmekci Wife of Ismail Ekmekci President 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 30 hours a week with a monthly salary of $3,000. 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 and educational assistance to schools and Hospitals in Turkey.Line 2: Scholarships for students in Turkey.Line 3: Financial and educational assistance to schools and Hospitals in Turkey. Schedule G, Part II, Page 3, Event Tpe:SEV Leaders Night in New York: 200 SEV school graduates and donors came together for a joyful evening of friendship and fellowship aimed to reinforce the spirit of solidarity with SEV American High Schools in Turkey.