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        <BusinessNameLine1>ASSE INTERNATIONAL INC</BusinessNameLine1>
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      <Phone>9494944100</Phone>
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        <AddressLine1>228 NORTH COAST HIGHWAY</AddressLine1>
        <City>LAGUNA BEACH</City>
        <State>CA</State>
        <ZIPCode>92651</ZIPCode>
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      <StateLegalDomicile>CA</StateLegalDomicile>
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        <Description>CONTRIBUTION TO EURAUPAIR INTERNATIONAL, INC.</Description>
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        <ProgramServices>745540</ProgramServices>
      </FeesForServicesOther>
      <Advertising>
        <Total>88230</Total>
        <ProgramServices>88230</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>232450</Total>
        <ProgramServices>208330</ProgramServices>
        <ManagementAndGeneral>24120</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>53090</Total>
        <ProgramServices>37010</ProgramServices>
        <ManagementAndGeneral>16080</ManagementAndGeneral>
      </InformationTechnology>
      <Occupancy>
        <Total>470260</Total>
        <ProgramServices>431760</ProgramServices>
        <ManagementAndGeneral>38500</ManagementAndGeneral>
      </Occupancy>
      <Travel>
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        <ProgramServices>462960</ProgramServices>
        <ManagementAndGeneral>20310</ManagementAndGeneral>
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      <ConferencesMeetings>
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        <ProgramServices>398870</ProgramServices>
        <ManagementAndGeneral>29940</ManagementAndGeneral>
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      <DepreciationDepletion>
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        <ManagementAndGeneral>2340</ManagementAndGeneral>
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        <ProgramServices>560180</ProgramServices>
        <ManagementAndGeneral>11930</ManagementAndGeneral>
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        <ProgramServices>2589540</ProgramServices>
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      <OtherExpenses>
        <Description>AREA REPRESENTATIVES</Description>
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        <ProgramServices>1657040</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>HOST FAMILY RECRUITING</Description>
        <Total>623780</Total>
        <ProgramServices>623780</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>GRANT COSTS</Description>
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        <ProgramServices>513160</ProgramServices>
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      <AllOtherExpenses>
        <Total>120700</Total>
        <ProgramServices>91220</ProgramServices>
        <ManagementAndGeneral>29480</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
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        <ProgramServices>12392370</ProgramServices>
        <ManagementAndGeneral>1336420</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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        <EOY>659170</EOY>
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      <TotalLiabilities>
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        <EOY>6196240</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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        <EOY>3802930</EOY>
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      <TotalNetAssetsFundBalances>
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        <EOY>3802930</EOY>
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        <EOY>9999170</EOY>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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        <CurrentTaxYearMinus1Year>2485630</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2820800</CurrentTaxYear>
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      <GrantsOtherOrganizations>true</GrantsOtherOrganizations>
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      <OtherActivities>false</OtherActivities>
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      <NotDescribedIn501c3>false</NotDescribedIn501c3>
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    <IRS990ScheduleO documentId="RetDoc11">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>PART I, LINE 1 - ASSE PROGRAMS PROMOTE INTERNATIONAL EDUCATIONAL AND CULTURAL EXCHANGE BY PROVIDING OPPORTUNITIES FOR HIGH SCHOOL STUDENTS, UNIVERSITY STUDENTS, AND YOUNG ADULTS TO SPEND SEVERAL MONTHS LIVING IN ANOTHER COUNTRY AND LEARNING THE LANGUAGE AND CULTURE OF THE HOST FAMILY OR HOST EMPLOYER. PART III, LINE 1 - "ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3)THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING YOUNG PEOPLE FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAMILY, SCHOOL AND COMMUNITY LIFE IN COUNTRIES OR REGIONS THAN THEIR OWN."</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>CONTRIBUTION TO EURAUPAIR INTERNATIONAL, INC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES</Identifier>
        <ReturnReference>FORM 990, PART V, LINE 4B</ReturnReference>
        <Explanation>CANADA, MEXICO, NEW ZEALAND</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OFFICERS WHO CANNOT BE REACHED</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 9</ReturnReference>
        <Explanation>WILLIAM NEWTON FRANCISCO DE RICCI 11-O IZDA MADRID, SP 28015 SUSAN NOWAKOWSKI-BACHELOT ROUTE DES ROUDIERS EYGUIERES, FR 13430 ANN-KATRIN LINDGREN P.O.BOX 4823 LAGUNA BEACH, CA 92652 PATRICIA HASSELBLAD 8395 KEYSTONE CROSSING, SUITE 206 INDIANAPOLIS, IN 46240 MICHELLE SCHULMAN 728 FOREST PARK ROAD GREAT FALLS, VA 22066 SUZANNE PENTAK 155 N. HARBOR DRIVE, SUITE 3212 CHICAGO, IL 60601</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE FORM 990 IS PREPARED BY THE CHIEF FINANCIAL OFFICER AND REVIEWED BY THE PRESIDENT AND CEO.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>OFFICERS AND DIRECTORS DISCLOSE CONFLICTS OF INTEREST AT THE ANNUAL BOARD OF DIRECTORS MEETING. ONGOING CONFLICTS OF INTEREST ARE APPROVED BY THE BOARD OF DIRECTORS AT THE START OF EACH FISCAL YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC IN COMPLIANCE WITH THE FREEDOM OF INFORMATION ACT.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>