2015-02-24T10:00:07-06:00 2014-06-30 CROWE HORWATH LLP 488 MADISON AVENUE FLOOR 3 NEW YORK NY 100225702 990 2013-07-01 136258480 AMERICAN SCHOOL IN LONDON FOUNDATION AMER 6094520990 15 Roszel Road Princeton NJ 08540 WILLIAM A OBENSHAIN PRESIDENT 2015-02-12 true RACHEL SPURLOCK P00520729 2125725500 2013 2016-02-25 16:41:14Z WILLIAM A OBENSHAIN 1 EAST JACKSON BLVD CHICAGO IL 60604 40162645 false X N/A X 1968 NY AMERICAN SCHOOL IN LONDON FOUNDATION WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND PRIMARILY FURNISHES FINANCIAL AND ADMINISTRATIVE SUPPORT BY EMPLOYING AND ADMINISTERING THE TEACHING AND SUPPORT STAFF AT THE AMERICAN SCHOOL IN LONDON. 19 17 142 18 0 0 7880531 18813869 16100002 19637078 0 662 -66867 1711036 23913666 40162645 4219611 10281141 0 0 15869528 18735351 0 0 291696 172206 143391 20261345 29159883 3652321 11002762 6716638 18021317 1379272 1636101 5337366 16385216 AMERICAN SCHOOL IN LONDON FOUNDATION WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND PRIMARILY FURNISHES FINANCIAL AND ADMINISTRATIVE SUPPORT BY EMPLOYING AND ADMINISTERING THE TEACHERS AND ADMINISTRATORS WHO ARE SECONDED TO AND WORK AT THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LIMITED. false false 27655195 10281141 21348114 AMERICAN SCHOOL IN LONDON FOUNDATION, INC HAS FUNDED SPECIFIC INITIATIVES AIMED AT HIRING, DEVELOPING AND KEEPING AN EXCEPTIONAL FACULTY AND STAFF. THESE INITIATIVES INCLUDED ADDITIONAL SUPPORT FOR PROFESSIONAL DEVELOPMENT, PROPERTY PURCHASES AS WELL AS DISCRETIONARY SERVICE AWARD TO THOSE WHO SERVED ASL FOR MANY YEARS. APPROXIMATELY 1,353 INDIVIDUALS WERE SERVED IN FISCAL YEAR 2014. 27655195 true true false false false false false false false false false false false false true false true false true true true false false false false false false false true false false false false false false true false false false false false true false false false false false true 3 0 true 142 true false true UK false false false false false false false false X 19 17 false false false false false false false true true false false false true true true false true false false false NY X Susan Alekhin 6094520990 15 ROSZEL ROAD PRINCETON NJ 08540 BARBARA G COLONEY VICE-PRESIDENT 5.00 X X 0 0 0 WILLIAM A OBENSHAIN PRESIDENT 5.00 X X 0 0 0 ALBERT D ANGEL DIRECTOR 5.00 X 0 0 0 ALISON BLOOD DIRECTOR 5.00 X 0 0 0 BARRY M SABLOFF DIRECTOR 5.00 X 0 0 0 BRAD F ENGLAND DIRECTOR 5.00 X 0 0 0 COREEN R HESTER HEAD OF SCHOOL 40.00 X 416374 0 87167 DANIEL F COUGHLIN DIRECTOR 5.00 X 0 0 0 DAVID E FIFE DIRECTOR 5.00 X 0 0 0 DEIRDRE MCKECHNIE DIRECTOR (PARTIAL YEAR) 5.00 X 0 0 0 DIANA H GREENE DIRECTOR 5.00 X 0 0 0 ELLEN R STOFAN DIRECTOR (PARTIAL YEAR) 5.00 X 0 0 0 JANET NEWKIRK DIRECTOR 5.00 X 0 0 0 JOHN R FARMER DIRECTOR 5.00 X 0 0 0 JULIE ALEXANDRE DIRECTOR (PARTIAL YEAR) 5.00 X 0 0 0 LINDA ELY DIRECTOR 5.00 X 0 0 0 LORI E FIELDS DIRECTOR 5.00 X 0 0 0 SUSAN WILEN DIRECTOR 5.00 X 0 0 0 TIMOTHY CRAIGHEAD DIRECTOR 5.00 X 0 0 0 WILLIAM A PLAPINGER DIRECTOR 5.00 X 0 0 0 WILLIAM C MULES DIRECTOR 5.00 X 0 0 0 WILLIAM SCHEFFLER DIRECTOR 5.00 X 0 0 0 DEIRDRE A SIMON SECRETARY/TREASURER 5.00 X 0 0 0 CATHY FUNK PRINCIPAL 40.00 X 289109 0 0 JAMES HEYNDERICKX DIRECTOR OF TECHNOLOGY AND OPERATIONS 40.00 X 215864 0 20978 JULIE RYAN PRINCIPAL 40.00 X 292367 0 42999 PATRICIA STROHM DIRECTOR OF GUIDANCE AND COLLEGE COUNSELING 40.00 X 205480 0 20103 WILLIAM J VAUGHAN DIRECTOR OF ADVANCEMENT 40.00 X 276341 0 27022 1695535 0 198269 89 false true false 0 18813869 18813869 MANAGEMENT FEE - EDUCATION 611710 19637078 19637078 0 0 0 0 0 0 0 0 19637078 662 662 0 0 0 0 0 0 0 0 0 0 0 GAIN ON FOREIGN CURRENCY EXCHANGE 900099 1711036 1711036 0 0 0 0 0 0 1711036 40162645 21348114 0 662 0 0 10281141 10281141 0 450645 450645 114021 114021 16148439 14779486 1092612 276341 1518214 1502859 15355 0 504032 504032 0 8275 8275 35115 35115 0 0 0 47839 0 47839 0 0 0 0 0 0 1218 1218 0 0 0 0 0 9187 9187 COMMNICATIONS, SUBSCRIPTIONS 30980 3047 27933 PENSION PROCESSING FEES 6492 6492 CREDIT CARD & BANK FEES 4285 4285 0 0 0 0 29159883 27655195 1212992 291696 0 248562 226511 640804 496205 5505529 15588033 28427 910121 0 0 0 0 53338 54506 0 0 0 0 0 0 0 0 239978 745941 6716638 18021317 1095575 1636101 283697 0 0 0 0 1379272 1636101 X -326841 338861 5664207 16046355 5337366 16385216 6716638 18021317 X 11002762 45088 X X false true X true false X 3280556 3870943 3092980 7880531 18813869 36938879 0 0 3280556 3870943 3092980 7880531 18813869 36938879 837504 36101375 13050 21346 427 0 662 35485 0 0 1330747 -140087 -66867 1711036 2834829 39809193 77257486 0.90680 0.94900 X Schedule A, Part II, Line 10, Other Income DESCRIPTION - GAIN (LOSS) ON FOREIGN CURRENCY EXCHANGE, COLUMN A - , COLUMN B - 509378, COLUMN C - -140087, COLUMN D - -66867, COLUMN E - 1711036, COLUMN F - 2013460; DESCRIPTION - GROSS INCOME FROM FUNDRAISING ACTIVITIES, COLUMN A - , COLUMN B - 821369, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 821369; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 X Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote THE US FOUNDATION IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. THE UK FOUNDATION IS CONSIDERED A CHARITY UNDER UK LAW AND ITS INCOME FALLS WITHIN THE EXEMPTIONS GRANTED BY THE UK CORPORATION TAX ACT OF 2010 AND IS NOT SUBJECT TO TAXES ON INCOME. THE FOUNDATION HAS ADOPTED ACCOUNTING GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES THE FOUNDATION TO RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED. THE FOUNDATION HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT LIABILITIES OR QUESTIONABLE TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE FOUNDATION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE FOUNDATION DID NOT HAVE ANY AMOUNT ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2014 OR 2013. true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 142 PROGRAM SERVICES THE FOUNDATION FURNISHES FINANCIAL AND ADMINISTRATIVE SUPPORT BY EMPLOYING AND ADMINISTERING THE TEACHING AND SUPPORT STAFF AT THE AMERICAN SCHOOL IN LONDON. 17200824 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 10281141 0 142 27481965 EUROPE (INCLUDING ICELAND AND GREENLAND) GENERAL SUPPORT 10281141 WIRE 1 0 false false true false false false SCHEDULE F, PART I, COMBINED FINANCIAL INFORMATION AMERICAN SCHOOL IN LONDON FOUNDATION FILES A TAX RETURN (FORM 990) WHICH INCLUDES THE TRANSACTIONS OF ITS WHOLLY OWNED FOREIGN SUBSIDIARY, AMERICAN SCHOOL IN LONDON FOUNDATION (UK) LTD, A UK CHARITABLE ORGANIZATION. Schedule F, Part I, Line 2, Procedures for monitoring use of grant funds THE BOARD RECEIVES REPORTS (3) TIMES PER YEAR REGARDING THE USE OF FUNDS BY THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LIMITED. THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LIMITED ALSO PROVIDES AN ANNUAL REPORT INCLUDING ITS AUDITED FINANCIAL STATEMENTS TO THE AMERICAN SCHOOL IN LONDON FOUNDATION. Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL Schedule F, Part II, Line 1, Method used to account for grants on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL false false false false false false false false false COREEN R HESTER HEAD OF SCHOOL 407603 0 0 0 8771 0 87167 0 0 0 503541 0 0 0 JULIE RYAN PRINCIPAL 282134 0 0 0 10233 0 42999 0 0 0 335366 0 0 0 CATHY FUNK PRINCIPAL 277289 0 0 0 11820 0 0 0 0 0 289109 0 0 0 WILLIAM J VAUGHAN DIRECTOR OF ADVANCEMENT 270360 0 0 0 5981 0 27022 0 0 0 303363 0 0 0 PATRICIA STROHM DIRECTOR OF GUIDANCE AND COLLEGE COUNSELING 201132 0 0 0 4348 0 20103 0 0 0 225583 0 0 0 JAMES HEYNDERICKX DIRECTOR OF TECHNOLOGY AND OPERATIONS 214829 0 0 0 1035 0 20978 0 0 0 236842 0 0 0 JOHN FARMER FAMILY MEMBER OF JOHN FARMER, CURRENT DIRECTOR 114021 COMPENSATION false Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body FOR REASONS OF CONFIDENTIALITY, A COMPLETE COPY OF THE FORM 990, EXCEPT FOR THE NAMES AND ADDRESSES ON SCHEDULE B, IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. SINCE THE BOARD DOES NOT RECEIVE A COMPLETE COPY AHEAD OF FILING, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE INSTRUCTIONS. Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy PRIOR TO ELECTION TO THE BOARD OR AS AN OFFICER, AND ANNUALLY THEREAFTER, ALL DIRECTORS AND OFFICERS SHALL DISCLOSE IN WRITING, TO THE BEST OF THEIR KNOWLEDGE, ANY INTEREST WHICH COULD BE CONSIDERED A CONFLICT. IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE A DIRECTOR OR OFFICER HAS ANY INTEREST WHICH MAY POSE A CONFLICT OF INTEREST AT ANY TIME DURING THAT DIRECTOR OR OFFICER'S SERVICE, HE OR SHE SHALL PROMPTLY DISCLOSE THE MATERIAL FACTS OF THAT INTEREST IN WRITING TO THE CHAIRPERSON OF THE BOARD AND CHAIR OF THE AUDIT COMMITTEE. WHEN ANY MATTER IN WHICH A DIRECTOR OR OFFICER HAS AN INTEREST COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD FOR DECISION OR APPROVAL, THAT INTEREST SHALL BE IMMEDIATELY DISCLOSED TO THE BOARD OR THE COMMITTEE BY THAT DIRECTOR OR OFFICER. NO DIRECTOR SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS AN INTEREST; THE CONFLICTED INDIVIDUAL SHALL RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION OR VOTING ON ANY MATTER IN WHICH THE INDIVIDUAL HAS A CONFLICT. THE RECUSAL OF THE CONFLICTED BOARD MEMBER IS TO BE MEMORIALIZED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, LINE 15A, PROCESS USED TO ESTABLISH COMPENSATION FOR TOP MANAGEMENT OFFICIAL THE FOUNDATION CONSIDERS ITS TOP MANAGEMENT OFFICIAL TO BE WILLIAM OBENSHAIN, PRESIDENT OF THE BOARD. THE PRESIDENT DOES NOT RECEIVE ANY COMPENSATION, AND ACCORDINGLY, PER THE INSTRUCTIONS, THIS QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, LINE 15B, PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS OFFICERS OF THE ORGANIZATION DO NOT RECEIVE COMPENSATION. THE FOUNDATION PROVIDES COMPENSATION TO BOARD MEMBER, COREEN HESTER, AND FACULTY AND ADMINISTRATORS OF THE AMERICAN SCHOOL IN LONDON FOR THEIR CAPACITY AS FACULTY. ACCORDINGLY, AS PER THE INSTRUCTIONS, THIS QUESTION HAS BEEN ANSWERED "NO". Form 990, Part VI, Sec C, Line 19, Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990 , Part XI, Line 9, Other changes in net assets or fund balances CUMULATIVE TRANSLATION ADJUSTMENT - 45088; FORM 990, PART XII, LINE 2C, RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS THE FINANCIAL STATEMENTS ARE FIRST APPROVED BY THE AUDIT COMMITTEE, AND THEN PRESENTED TO THE FULL BOARD OF TRUSTEES AT THE ANNUAL MEETING FOR ACCEPTANCE.. THE AMERICAN SCHOOL IN LONDON FOUNDATION (UK) ONE WAVERLY PLACE LONDON UK EDUCATION UK 18377232 14815990 AMERICAN SCHOOL IN LONDON FOUNDATION INC