2013-05-03T08:29:44-05:00 2012-09-30 043108635 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2011-10-01 222986701 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY A NON-PROFIT CORPORATION EFED 6176191000 ONE EDUCATION STREET CAMBRIDGE MA 02141 DAN SODERVALL 6176191000 2013-04-19 1 MARK J PREZIOSI P00968923 7813564800 2011 2016-02-25 16:41:14Z DAN SODERVALL ONE EDUCATION STREET CAMBRIDGE MA 02141 15580886 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 3 125 800 0 0 0 0 14308218 15580900 -983 19 31379 -33 14338614 15580886 0 0 0 0 6831395 8063668 0 0 0 7459711 7476762 14291106 15540430 47508 40456 2737924 3209033 1691521 2122174 1046403 1086859 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY IS A NON-PROFIT ORGANIZATION DEDICATED TO ENCOURAGING CULTURAL AWARENESS THROUGH INTERNATIONAL STUDENT EXCHANGE. 0 0 13885693 15580900 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. 13885693 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 0 1 8 0 1 125 1 0 1 AS NZ 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 294625 0 13186 JEFFREY ALLEN 5.00 X X 0 0 0 BETH JACOBS 1.00 X 14000 0 0 JENNIFER BAVERSTAM 1.00 X 3000 0 0 JENS APPELKVIST 1.00 X 2000 0 0 LOUISE HELLESTAM 40.00 X 0 0 0 MEGAN ALLEN 40.00 X 158267 0 6279 ROBERT FREDETTE JR 40.00 X 156815 0 12047 KERI CHARLES 40.00 X 104411 0 5091 JENNIFER MIRKEN 40.00 X 113570 0 6139 DEBORAH HOEY 28.00 X 142411 0 14828 992099 0 57570 6 1 1 0 0 PROGRAM SERVICE FEES 611710 15580900 15580900 15580900 19 19 FOREIGN EXCHANGE LOSS 900099 -33 -33 -33 15580886 15580900 0 -14 509656 509656 6505025 5780098 724927 579910 477846 102064 469077 386519 82558 12581 10442 2139 41550 41550 17491 14518 2973 10286 8537 1749 259233 218938 40295 424784 350022 74762 21205 21205 57170 47451 9719 PLACEMENT & SUPERVISORY 4419366 4419366 OTHER SALES COSTS 1297257 1297257 SALES INCENTIVES 518080 518080 TELEPHONE 150465 123983 26482 247294 211431 35863 15540430 13885693 1654737 0 1054693 1373106 6321 140991 89805 1166990 1073092 120114 93898 1415805 1652224 2737924 3209033 1691521 2122174 1691521 2122174 X 1046403 1086859 1046403 1086859 2737924 3209033 40456 0 X 0 1 0 X 0 X 10611228 10317047 11914970 14308218 15580900 62732363 10611228 10317047 11914970 14308218 15580900 62732363 0 0 0 62732363 11385 396 110 109 19 12019 11385 396 110 109 19 12019 -77403 39234 64316 31379 -33 57493 10545210 10356677 11979396 14339706 15580886 62801875 0.99890 0.99570 0.00020 0.00100 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: FOREIGN EXCHANGE GAIN (LOSS) 1166990 1073092 93898 93898 DEPOSITS 8000 DUE FROM EF EDUCATIONAL FOUND. FOR FOREIGN STUDY, LTD. 1644224 1652224 15580886 15540430 40456 40456 15580886 0 15580886 0 15580886 15540430 0 15540430 0 15540430 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, 2012, 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 2008 (YEAR ENDED SEPTEMBER 30, 2009). X 0 0 0 0 0 0 0 0 0 DAN SODERVALL 294625 0 0 0 0 0 2348 0 10838 0 307811 0 0 0 MEGAN ALLEN 158267 0 0 0 0 0 1600 0 4679 0 164546 0 0 0 ROBERT FREDETTE JR 156815 0 0 0 0 0 1209 0 10838 0 168862 0 0 0 DEBORAH HOEY 142411 0 0 0 0 0 3990 0 10838 0 157239 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 POLICY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AT BOARD MEETINGS. EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST DURING THEIR ANNUAL REVIEW. 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 THE STUDENTS. FOR THE YEARS ENDED SEPTEMBER 30, 2012 AND 2011, THE FOUNDATION RECEIVED $15,493,579 AND $14,241,074, 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 $12,676 FOR THE YEAR ENDED SEPTEMBER 30, 2012 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