2014-05-12T09:20:17-05:00 2013-09-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2012-10-01 222986701 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY A NON-PROFIT CORPORATION EFED 6176191000 ONE EDUCATION STREET CAMBRIDGE MA 02141 DAN SODERVALL 6176191000 2014-05-07 1 MARK J PREZIOSI P00968923 7813564800 2012 2015-11-30 17:44:51Z EF FOUNDATION FOR FOREIGN STUDY DAN SODERVALL ONE EDUCATION STREET CAMBRIDGE MA 02141 15406406 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 3 133 847 0 0 0 0 15580900 15406374 19 32 -33 0 15580886 15406406 0 0 0 0 8063668 8130323 0 0 0 7476762 7223115 15540430 15353438 40456 52968 3209033 3375080 2122174 2235253 1086859 1139827 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IS A NON-PROFIT ORGANIZATION DEDICATED TO ENCOURAGING CULTURAL AWARENESS THROUGH INTERNATIONAL STUDENT EXCHANGE. 0 0 13681185 15406374 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. 13681185 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 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 25 0 133 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 ONE EDUCATION STREET CAMBRIDGE MA 02141 GORAN RANNEFORS 1.00 X 3000 0 0 DAN SODERVALL 40.00 X X 318317 0 11640 JEFFREY ALLEN 5.00 X X 0 0 0 BETH JACOBS 1.00 X 10000 0 0 JENNIFER BAVERSTAM 1.00 X 3000 0 0 JENS APPELKVIST 1.00 X 3000 0 0 LOUISE HELLESTAM 40.00 X 99301 0 6209 MEGAN ALLEN 40.00 X 175020 0 9221 ROBERT FREDETTE JR 40.00 X 180890 0 12228 KERI CHARLES 40.00 X 134904 0 6430 SCOTT DESATNICK 40.00 X 104872 0 10156 DEBORAH HOEY 28.00 X 114594 0 2536 JENNIFER MIRKEN 40.00 X 128218 0 4214 1275116 0 62634 7 1 1 0 0 PROGRAM SERVICE FEES 611710 15406374 15406374 15406374 32 32 15406406 15406374 0 32 515110 515110 6522101 5815513 706588 600656 494941 105715 492456 405784 86672 35634 29576 6058 42750 42750 18948 15727 3221 3475 2884 591 296752 246304 50448 429026 353517 75509 59554 59554 59989 49791 10198 PLACEMENT & SUPERVISORY 4186808 4186808 OTHER SALES COSTS 1200967 1200967 SALES INCENTIVES 485371 485371 TELEPHONE 148328 122222 26106 255513 212226 43287 15353438 13681185 1672253 0 1373106 1894345 1272 89805 85597 1185399 1133081 93898 52318 1652224 1341548 3209033 3375080 2122174 2235253 2122174 2235253 X 1086859 1139827 1086859 1139827 3209033 3375080 52968 0 X 0 1 X 0 0 X 10317047 11914970 14308218 15580900 15406374 67527509 10317047 11914970 14308218 15580900 15406374 67527509 0 0 0 67527509 396 110 109 19 32 666 396 110 109 19 32 666 39234 64316 31379 -33 134896 10356677 11979396 14339706 15580886 15406406 67663071 0.99800 0.99890 0.00000 0.00020 X 1185399 1133081 52318 52318 DEPOSITS 7965 DUE FROM EF EDUCATIONAL FOUND. FOR FOREIGN STUDY, LTD. 1333583 1341548 X 15406406 0 15406406 0 15406406 15353438 0 15353438 0 15353438 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, 2013, 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 2009 (YEAR ENDED SEPTEMBER 30, 2010). X 1 0 0 0 0 0 0 0 0 DAN SODERVALL 318317 0 0 0 0 0 0 0 11640 0 329957 0 0 0 MEGAN ALLEN 175020 0 0 0 0 0 0 0 9221 0 184241 0 0 0 ROBERT FREDETTE JR 180890 0 0 0 0 0 0 0 12228 0 193118 0 0 0 DEBORAH HOEY 114594 0 0 0 0 0 0 0 2536 0 117130 0 0 0 JENNIFER MIRKEN 128218 0 0 0 0 0 0 0 4214 0 132432 0 0 0 PART I, LINE 4A JENNIFER MIRKEN (VP OF MARKETING & RESEARCH) TERMINATED HER EMPLOYMENT IN NOVEMBER 2012. AS PART OF A SEVERANCE AGREEMENT, SHE RECEIVED A LUMP SUM PAYMENT OF $ 27,500 DURING THE YEAR ENDED SEPTEMBER 30, 2013, WHICH HAS BEEN INCLUDED IN HER COMPENSATION REPORTED ON SCHEDULE J, PART VII, SECTION A, LINE 13. THE SEVERANCE AMOUNT WAS PAID IN FULL AND THE ORGANIZATION HAS NO CONTINUING LIABILITY OR OBLIGATION RELATING TO THIS AGREEMENT. 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. COMPENSATION FOR TOP OFFICIAL 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 EF. SALARIES AT EF 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, 2013 AND 2012, THE FOUNDATION RECEIVED $15,320,474 AND $15,493,579, 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 $17,031 FOR THE YEAR ENDED SEPTEMBER 30, 2013 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