2015-05-15T10:33:24-05:00 2014-09-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2013-10-01 222986701 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY A NON-PROFIT CORPORATION EFED 6176191000 TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 DAN SODERVALL PRESIDENT 6176191000 2015-05-13 1 MARK J PREZIOSI P00968923 7813564800 2013 2016-04-25 22:37:26Z X EF HIGH SCHOOL EXCHYEAR EFFS DAN SODERVALL TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 14938292 0 X WWW.EFFOUNDATION.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. 6 3 163 1000 0 0 0 0 15406374 14938269 32 23 0 0 15406406 14938292 0 0 0 0 8130323 8331295 0 0 0 7223115 6570084 15353438 14901379 52968 36913 3375080 4296379 2235253 3119639 1139827 1176740 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IS A NON-PROFIT ORGANIZATION DEDICATED TO ENCOURAGING CULTURAL AWARENESS THROUGH INTERNATIONAL STUDENT EXCHANGE. 0 0 13163932 14938269 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. 13163932 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 0 0 0 1 12 0 163 1 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X X LOUISE HELLESTAM 6176191000 TWO EDUCATION CIRCLE CAMBRIDGE MA 02141 GORAN RANNEFORS CHAIRMAN 1.00 X 4000 0 0 DAN SODERVALL PRESIDENT 40.00 X X 374046 0 12113 JEFFREY ALLEN CLERK 5.00 X X 0 0 0 BETH JACOBS DIRECTOR 1.00 X 10000 0 0 JENNIFER BAVERSTAM DIRECTOR 1.00 X 4000 0 0 JENS APPELKVIST DIRECTOR 1.00 X 4000 0 0 LOUISE HELLESTAM TREASURER/V.P. FINANCE 40.00 X 109601 0 4346 MEGAN ALLEN VP PLACEMENT & SUPPORT 40.00 X 187079 0 10475 ROBERT FREDETTE JR VP PLACEMENT & SUPPORT 40.00 X 202851 0 12618 KERI CHARLES REGIONAL PLACEMENT DIRECTO 40.00 X 109863 0 5607 JEFFREY RAHILLY VP MARKETING 40.00 X 151932 0 10584 1157372 0 55743 5 0 1 0 0 PROGRAM SERVICE FEES 611710 14938269 14938269 14938269 23 23 14938292 14938269 0 23 531100 531100 6734708 5989264 745444 618022 509250 108772 447465 368711 78754 40390 28542 11848 44666 44666 22331 18535 3796 680 564 116 294362 244320 50042 486384 400780 85604 24477 24477 42322 35127 7195 PLACEMENT & SUPERVISORY 3594115 3594115 OTHER SALES COSTS 1303934 1303934 SALES INCENTIVES 259947 259947 POSTAGE 127100 104730 22370 329376 281636 47740 14901379 13163932 1737447 0 1894345 3590002 1272 0 85597 288899 1185536 768058 52318 417478 1341548 0 3375080 4296379 2235253 1915726 0 1203913 2235253 3119639 X 1139827 1176740 1139827 1176740 3375080 4296379 36913 0 X 0 1 X 0 0 X 11914970 14308218 15580900 15406374 14938269 72148731 11914970 14308218 15580900 15406374 14938269 72148731 0 0 0 72148731 110 109 19 32 23 293 110 109 19 32 23 293 64316 31379 -33 95662 11979396 14339706 15580886 15406406 14938292 72244686 0.99870 0.99800 0.00000 0.00000 X 1185536 768058 417478 417478 DUE TO EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY, LTD. 1203913 1203913 X 14938292 0 14938292 0 14938292 14901379 0 14901379 0 14901379 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN, AND HAD CONCLUDED THAT AS OF SEPTEMBER 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010 (YEAR ENDED SEPTEMBER 30, 2011). X 0 0 0 0 0 0 0 0 0 DAN SODERVALL PRESIDENT 374046 0 0 0 0 0 0 0 12113 0 386159 0 0 0 MEGAN ALLEN VP PLACEMENT & SUPPORT 187079 0 0 0 0 0 0 0 10475 0 197554 0 0 0 ROBERT FREDETTE JR VP PLACEMENT & SUPPORT 202851 0 0 0 0 0 0 0 12618 0 215469 0 0 0 JEFFREY RAHILLY VP MARKETING 151932 0 0 0 0 0 0 0 10584 0 162516 0 0 0 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 DISCUSSED WITH THE INDEPENDENT ACCOUNTANTS AND IF APPROPRIATE, INCORPORATED INTO THE FINAL VERSION OF FORM 990. 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 ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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, 2014 AND 2013, THE FOUNDATION RECEIVED $14,938,155 AND $15,320,474, 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 $39,181 FOR THE YEAR ENDED SEPTEMBER 30, 2014 FOR LEGAL SERVICES. EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IN CANADA 127 PORTLAND STREET TORONTO ONTARIO CA M4V 2N4 FOREIGN EXCHANGE STUDENT PROGRAM CA N/A N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0