2013-02-13T14:11:06-06:00 2012-06-30 020476956 TYLER SIMMS & STSAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2011-07-01 042589375 SCHOOL YEAR ABROAD INC SCHO 9787256828 439 SOUTH UNION STREET LAWRENCE MA 01843 JOHN E CREEDEN 9787256828 2013-02-12 1 JAMES N GODFREY CPA P00913422 6036530044 2013-02-11 2011 2016-03-07 17:11:31Z JOHN E CREEDEN 439 SOUTH UNION STREET LAWRENCE MA 01843 15910571 0 X WWW.SYA.ORG X 1964 MA TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS BY ALLOWING THEM TO LIVE AND STUDY ABROAD. 15 15 64 350 0 0 1780355 2427552 12425651 12921434 136622 248579 6050 302501 14348678 15900066 3359920 3185348 0 0 6140096 5260248 0 0 549982 5594727 5355449 15094743 13801045 -746065 2099021 14794134 17693452 3879414 5006703 10914720 12686749 X TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS ALLOWING THEM TO LIVE IN EITHER CHINA, SPAIN, ITALY, VIETNAM, OR FRANCE FOR AN ENTIRE YEAR, FOR A SEMESTER, OR FOR A SUMMER WHILE EARNING US GRADUATION CREDITS 0 1 11059494 3185348 13223935 SCHOOL YEAR ABROAD, INC PROVIDED EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS BY SENDING THEM OVERSEAS TO STUDY AT ONE OF FIVE SCHOOLS IN CHINA, FRANCE, ITALY, VIETNAM, OR SPAIN. DURING THE 2011-2012 SCHOOL YEAR, 249 STUDENTS STUDIED AT ONE OF OUR CAMPUSES IN CHINA, FRANCE, ITALY, VIETNAM, AND SPAIN, AND 108 ATTENDED SUMMER PROGRAMS IN FRANCE, CHINA, AND SPAIN. 11059494 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 9 0 1 64 1 0 1 FR IT CH SP JA VM 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JONATHAN DOUGLAS 9787256828 439 SOUTH UNION STREET LAWRENCE MA 01843 BRYAN GARMAN 5.00 X X 0 0 0 COREEN HESTER 2.00 X 0 0 0 DOUGLAS RENFIELD-MILLER 5.00 X X 0 0 0 JAYE MORENCY 2.00 X X 0 0 0 KRISTIN LUND VOSMIK 2.00 X 0 0 0 MARGARET CONKLIN 2.00 X 0 0 0 NATALIA BULGARI 2.00 X 0 0 0 PAUL CHAPMAN 2.00 X 0 0 0 ROBERT SCHILLER 5.00 X X 0 0 0 TOM FARQUHAR 2.00 X 0 0 0 AMICLAIRE ROCHE 2.00 X 0 0 0 WILLIAM GRIDLEY 5.00 X X 0 0 0 FRANK LANE HEARD 2.00 X 0 0 0 TOM HASSAN 2.00 X 0 0 0 CARLOS ALVAREZ 2.00 X 0 0 0 JOHN CREEDEN 50.00 X 103129 0 21789 JONATHAN DOUGLAS 40.00 X 90962 0 23176 NELSON CHASE 50.00 X 148707 0 35793 DENIS BROCHU 40.00 X 103403 0 34157 LYNN NATHANSON 40.00 X 115500 0 15588 WOODRUFF W HALSEY II 0.00 X 265423 0 49482 827124 0 179985 5 1 1 0 0 2427552 95732 2427552 TUITION AND FEES 611710 12808934 12808934 SCHOOL MEMBER FEES 611710 112500 112500 12921434 225323 225323 33761 0 10505 33761 -10505 23256 23256 FOREIGN CURRENCY ADJUS 900099 183975 183975 MISCELLANEOUS INCOME 900099 118526 118526 302501 15900066 13223935 0 248579 3185348 3185348 394334 394334 3637533 2593940 725581 318012 896044 834592 61452 332337 170057 124584 37696 79130 72737 6393 45977 17920 28057 14384 14384 91775 458 91317 162252 52033 104126 6093 609364 438126 128428 42810 1225063 1084979 140084 30057 30057 220803 220803 262616 151738 110878 HOUSING 1720833 1720833 EQUIPMENT AND FURNITURE 194226 99542 94684 MEALS 188732 188732 ALUMNI DEVELOPMENT 154018 70693 83325 356219 197599 158026 594 13801045 11059494 2191569 549982 438318 1014717 20806 1786929 464574 310439 68027 35557 188652 175000 203548 154729 5782542 1503426 4054756 4279116 4380184 4325317 4975269 5611648 14794134 17693452 1004567 779156 1041714 2959035 1833133 1268512 3879414 5006703 X 8664087 10488257 1198219 118871 1052414 2079621 10914720 12686749 14794134 17693452 X 2099021 -326992 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9460453 1032207 -38209 485261 9969190 8681941 100000 1533260 838934 15814 9460453 8967835 8338 1088408 3161148 21492 8681941 11159566 7818 -1689458 477993 32098 8967835 0.78270 0.20860 0.00870 0 0 3091341 294994 2796347 1989565 733714 1255851 701636 474718 226918 4279116 OTHER SECURITIES 5611648 C 5611648 15900066 13801045 2099021 -267719 -59272 -1 -326992 1772029 11236060 -267719 -3185348 -3453067 14689127 14384 1196555 1210939 15900066 9990495 0 9990495 14384 3796166 3810550 13801045 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS A FINANCIAL CUSHION THAT WOULD ALLOW SYA TO WITHSTAND THE SHOCK OF A DRAMATIC DROP IN THE VALUE OF THE U.S. DOLLAR OR IN A DECREASE IN ENROLLMENT RESULTING FROM INTERNATIONAL TERRORISM OR ECONOMIC CRISIS. IT IS ALSO A POTENTIAL SOURCE OF A REAL ESTATE DOWN PAYMENT, AND/OR A CONVINCING INDICATOR OF SYA'S FINANCIAL WELL-BEING SHOULD THE TRUSTEES DECIDE TO BUY A BUILDING AT HOME OR ABROAD. THE ENDOWMENT, ALONG WITH OTHER ASSETS, IS CONCRETE EVIDENCE THAT SYA IS A ROBUST AND INDEPENDENT INSTITUTION, NOT A LEGAL SHELL OR MERE ADJUNCT PROGRAM OF THE SCHOOLS THAT FOUNDED IT. THE ENDOWMENT IS A SOURCE OF INCOME (I) TO SUPPORT FINANCIAL AID AND OTHER OPERATING EXPENSES, (II) TO EXPAND ITS PROGRAM IN NEW VENUES ABROAD, AND (III) TO ENHANCE ITS RECOGNITION AMOUNG SCHOOLS IN THE UNITED STATES THAT SUPPLY APPLICANTS FOR THE PROGRAM. THE ENDOWMENT ALSO OFFERS A HOME FOR RESTRICTED GIFTS OF ALL KINDS, INCREASING THE VALUE OF THE ENDOWMENT WILL HELP SYA ADVANCE ITS MISSION. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,185,348. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS 401,689. NON-OPERATING CONTRIBUTIONS 621,396. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -10,505. FOREIGN EXCHANGE ADJUSTMENT 183,975. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,185,348. DISCONTINUED OPERATIONS 610,819. ROUNDING -1. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION: SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN THE INSTRUCTIONS GIVEN TO COORDINATORS AT MEMBER SCHOOLS FRANCE 1 16 PROGRAM SERVICE OPERATION OF SCHOOL AND RELATED ACTIVITIES 1824070 SPAIN 1 12 PROGRAM SERVICE OPERATION OF SCHOOL AND RELATED ACTIVITIES 1860437 CHINA 1 15 PROGRAM SERVICE OPERATION OF SCHOOL AND RELATED ACTIVITIES 1320481 ITALY 1 14 PROGRAM SERVICE OPERATION OF SCHOOL AND RELATED ACTIVITIES 1565124 VIETNAM 1 8 PROGRAM SERVICE OPERATION OF SCHOOL AND RELATED ACTIVITIES; PROGRAM SUSPENSION COSTS 479602 JAPAN 1 1 PROGRAM SERVICE PROGRAM SUSPENSION COSTS 131217 6 66 0 0 6 66 7180931 0 7180931 0 0 0 0 0 0 1 FINANCIAL AID 119 3185348 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP GRANTS ARE AWARDED TO STUDENTS AS A DISCOUNT ON THEIR TUITION. ALL SUCH GRANTS ARE AWARDED UPON COMPLETION OF THE SSS APPLICATION AND SUBMISSION OF INCOME TAX DOCUMENTS. NO CASH IS GIVEN DIRECTLY TO AN INDIVIDUAL. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 NELSON CHASE 148707 0 0 0 0 0 17845 0 17948 0 184500 0 0 0 WOODRUFF W HALSEY II 265423 0 0 0 0 0 31851 0 17631 0 314905 0 0 0 PART I, LINE 1A TRAVAL EXPENSES FOR BONA FIDE BUSINESS PURPOSES ON BEHALF OF A FAMILY MEMBER OF NELSON CHASE AND JOHN CREEDEN CAN BE PAID BY THE SCHOOL. HOUSING IS PROVIDED TO THE RESIDENT DIRECTOR AS A REQUIREMENT OF HIS JOB. JACK CREEDEN PERSONAL HOME MORTGAGE PAYMENT AND ASSISTANCE X 175000 175000 0 1 1 175000 X 12 95732 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK GIFTS RECEIVED ARE PROCESSED AND SOLD BY THE SCHOOL'S CUSTODIAL FINANCIAL INSTITUTION. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 DURING FISCAL YEAR 2011, THE SCHOOL'S BOARD OF TRUSTEES AND MANAGEMENT MADE THE DETERMINATION TO CEASE OPERATIONS IN JAPAN FOR THE FISCAL YEAR 2012 SCHOOL YEAR. DURING FISCAL YEAR 2012, THE SCHOOL'S BOARD OF TRUSTEES AND MANAGEMENT MADE THE DETERMINATION TO CEASE OPERATIONS IN VIETNAM FOR THE FISCAL YEAR 2013 SCHOOL YEAR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS DISTRIBUTED ELECTRONICALLY TO BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. ANY QUESTIONS OR COMMENTS ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES ARE DISTRIBUTED AND SIGNED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 WAGES ARE COMPARED AGAINST NATIONAL AND REGIONAL DATA PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -267,719. PRIOR PERIOD ADJUSTMENTS: -59,272. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -326,992.