2017-05-03T15:10:37-05:00 2016-09-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2015-10-01 222986701 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY A NON-PROFIT CORPORATION EFED 6176191000 ONE EDUCATION STREET CAMBRIDGE MA 02141 ROBERT FREDETTE JR PRESIDENT 6176191000 2017-05-03 1 MARK J PREZIOSI P00968923 7813564800 2015 2017-02-10 21:41:12Z EF HIGH SCHOOL EXCHYEAR EFFS ROBERT FREDETTE JR ONE EDUCATION STREET CAMBRIDGE MA 02141 16553963 0 X WWW.EFEXCHANGEYEAR.ORG X 1981 MA EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IS A NON-PROFIT ORGANIZATION DEDICATED TO ENCOURAGING CULTURAL AWARENESS THROUGH INTERNATIONAL EDUCATION AND EXCHANGE. 7 6 170 900 0 0 0 0 16317031 16553963 0 0 5744 0 16322775 16553963 0 0 0 0 8983045 8947842 0 0 0 7300092 7575170 16283137 16523012 39638 30951 3972295 4004886 2755917 2757557 1216378 1247329 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IS A NON-PROFIT ORGANIZATION DEDICATED TO ENCOURAGING CULTURAL AWARENESS THROUGH INTERNATIONAL STUDENT EXCHANGE. 0 0 15968743 16553963 THE FOUNDATION HAS THE OBJECTIVE OF ORGANIZING AND ADMINISTERING A TEENAGE EDUCATIONAL EXCHANGE PROGRAM THAT SCREENS AND PLACES FOREIGN STUDENTS WITH A HOST FAMILY WHILE THEY ATTEND HIGH SCHOOL IN THE UNITED STATES. 15968743 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1085 0 170 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 MA X X LOUISE HELLESTAM 6176191000 ONE EDUCATION STREET CAMBRIDGE MA 02141 GORAN RANNEFORS DIRECTOR 1.00 X 4000 0 0 DAN SODERVALL DIRECTOR (PRES THRU 2/16) 40.00 X X 336499 0 16493 JEFFREY ALLEN CLERK/DIRECTOR 5.00 X X 0 0 0 BETH JACOBS DIRECTOR 1.00 X 10000 0 0 JENNIFER BROWN BAVERSTAM DIRECTOR 1.00 X 4000 0 0 JENS APPELKVIST DIRECTOR 1.00 X 5000 0 0 MICHAEL MCCARRY DIRECTOR 1.00 X 15000 0 0 ROBERT FREDETTE JR PRESIDENT BEG 3/16 40.00 X 235512 0 16896 LOUISE HELLESTAM TREASURER/FINANCE MANAGER 40.00 X 135513 0 4500 JEFFREY RAHILLY VP MARKETING 40.00 X 182785 0 16896 JOHN ZABLOCKI DIRECTOR OF IT 40.00 X 138334 0 5289 KATHERINE GARRETT VP PROGRAM QUALITY & COMPLIANCE 40.00 X 123370 0 7884 EDWARD HOLLERAN NATIONAL DIR. OF PROGRAM PLACEMENT 40.00 X 105796 0 8169 1295809 0 76127 7 0 1 0 0 PROGRAM SERVICE FEES 611710 16553963 16553963 16553963 16553963 16553963 0 0 698009 523507 174502 7064929 6913387 151542 673949 645643 28306 510955 489495 21460 14937 8369 6568 32423 32423 27437 26285 1152 651758 585105 66653 1134186 1086550 47636 64157 64157 192767 184671 8096 PLACEMENT & SUPERVISORY 3584712 3584712 OTHER SALES COSTS 1205418 1205418 SALES INCENTIVES 288051 288051 TELEPHONE 122557 117410 5147 256767 245983 10784 16523012 15968743 554269 0 2944397 3412426 193934 149173 524512 318572 359263 205940 474701 237347 3972295 4004886 2755917 2757557 2755917 2757557 X 1216378 1247329 1216378 1247329 3972295 4004886 30951 0 X X 0 1 X 1 0 X 15580900 15406374 14938269 16317031 16553963 78796537 15580900 15406374 14938269 16317031 16553963 78796537 0 0 0 78796537 19 32 23 74 19 32 23 74 -33 5744 5711 15580886 15406406 14938292 16322775 16553963 78802322 0.99990 0.99950 0.00000 X 524512 318572 205940 205940 DUE FROM EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY, LTD. 237347 237347 16553963 0 16553963 0 16553963 16523012 0 16523012 0 16523012 X 0 0 0 0 0 0 0 0 0 DAN SODERVALL DIRECTOR (PRES THRU 2/16) 336499 0 0 0 0 0 0 0 16493 0 352992 0 0 0 ROBERT FREDETTE JR PRESIDENT BEG 3/16 235512 0 0 0 0 0 0 0 16896 0 252408 0 0 0 JEFFREY RAHILLY VP MARKETING 182785 0 0 0 0 0 0 0 16896 0 199681 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S PRESIDENT, TREASURER AND OTHER MEMBERS OF THE BOARD OF DIRECTORS REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY RESULTING COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM 990 BY THE INDEPENDENT ACCOUNTANTS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND EMPLOYEES ARE PROVIDED WITH COPIES OF THE CONFLICT OF INTEREST POLICY. DIRECTORS AND OFFICERS ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT GIVE RISE TO CONFLICTS. EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST DURING THEIR ANNUAL REVIEW. DIRECTORS AND EMPLOYEES WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S PRESIDENT 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 AT THE FOUNDATION 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 WEBSITE OF A CERTAIN REGULATORY AGENCY AND UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, QUESTION 2C THE ENTIRE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FOUNDATION'S ANNUAL AUDIT AND THE SELECTION OF THE FOUNDATION'S AUDITORS. ADDITIONAL DISCLOSURES UNDER AN AGREEMENT WITH THE FOUNDATION, EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY, LTD. COMPENSATES THE FOUNDATION FOR PROVIDING THE EXCHANGE PROGRAM TO ITS STUDENTS. FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015, THE FOUNDATION RECEIVED $16,553,963 AND $16,317,031, RESPECTIVELY, FROM EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY, LTD. THE FOUNDATION'S CLERK IS EMPLOYED BY A LAW FIRM THAT PERIODICALLY REPRESENTS THE FOUNDATION IN LEGAL MATTERS. THE FOUNDATION PAID THE LAW FIRM $14,937 FOR THE YEAR ENDED SEPTEMBER 30, 2016, WHICH CONSISTED OF $ 8,736 FOR LEGAL SERVICES AND $ 6,201 FOR CLERK-RELATED SERVICES.