2011-03-15T14:01:06-05:00 2010-09-30 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2009-10-01 222986701 EF EDUCATIONAL FOUNDATION FOR FOREIGN STUDY A NON-PROFIT CORPORATION EFED 6176191000 ONE EDUCATION STREET CAMBRIDGE MA 02141 Dan Sodervall 6176191000 2011-01-27 1 Mark J Preziosi 7813564800 2009 2016-02-24 21:20:13Z Dan Sodervall ONE EDUCATION STREET CAMBRIDGE MA 02141 11979396 0 X www.effoundation.org X 1981 MA EF Foundation for Foreign Study is a non-profit organization dedicated to encouraging cultural awareness through international education and exchange. 6 5 87 755 0 0 0 10317047 11914970 396 110 39234 64316 10356677 11979396 100000 0 4744835 5464623 0 0 5560943 6381648 10305778 11946271 50899 33125 2390099 2269837 1424329 1270942 965770 998895 EF Foundation for Foreign Study is a non-profit organization dedicated to encouraging cultural awareness through international student exchange. 0 0 10758090 11979286 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. 10758090 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 87 1 0 1 AS NZ 0 0 0 0 0 0 0 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X X Deborah S Hoey Treasurer 6176191000 One Education Street Cambridge MA 02141 Goran Rannefors 1.00 X 3000 0 0 Dan Sodervall 40.00 X X X 231770 0 18666 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 Deborah Hoey 30.00 X 138562 0 24255 Asa Fanelli 0.00 X 200000 0 11100 Matthew Smith 40.00 X 0 0 0 Emily Santillo 40.00 X 0 0 0 589332 0 54021 5 1 1 0 0 Program Service Fees 611710 11914970 11914970 11914970 110 110 Foreign Exchange Gain 611710 64316 64316 64316 11979396 11979286 0 110 100000 100000 429254 353705 75549 4380346 3609405 770941 369684 304620 65064 285339 235119 50220 35898 29795 6103 36250 36250 15910 13205 2705 72467 60148 12319 19990 16592 3398 436154 359391 76763 19554 19554 31404 26065 5339 Placement & Supervisory 3760817 3760817 Other Sales Costs 1075634 1075634 Sales Incentives 394886 394886 Telephone 152098 125329 26769 Allocated Costs 140471 115289 25182 190115 158536 31579 11946271 10758090 1188181 0 1658140 716813 85516 61160 48926 89146 1009989 985200 32555 24789 564962 1377929 2390099 2269837 1424329 1270942 1424329 1270942 X 965770 998895 965770 998895 2390099 2269837 X 0 1 0 X 0 X 10047865 10963912 10611228 10317047 11914970 53855022 10047865 10963912 10611228 10317047 11914970 53855022 0 0 0 53855022 19783 47409 11385 396 110 79083 19783 47409 11385 396 110 79083 -3171 136174 -77403 39234 64316 159150 10064477 11147495 10545210 10356677 11979396 54093255 0.99560 0.99630 0.00150 0.00180 X 1009989 985200 24789 24789 Deposits 25820 Due from EF Educational Found. for Foreign Study, Ltd. 1352109 1377929 11979396 11946271 33125 0 33125 11915080 0 11915080 64316 64316 11979396 11946271 0 11946271 0 11946271 Part XII, Line 4b; THE FOUNDATION INCURS FOREIGN CURRENCY GAINS OR LOSSES ANNUALLY IN BANK ACCOUNTS HELD BY THE FOUNDATION IN FOREIGN COUNTRIES WHICH ARE NECESSARY COMPONENTS OF ITS OPERATIONS. Part X, Line 2; As of October 1, 2009, the Foundation adopted the provisions of accounting principles generally accepted in the United States of America related to accounting for uncertainty in income taxes, which prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Adopting these provisions did not result in the recognition of any additional financial assets or liabilities. Although not generally subject to income tax, the Foundation's tax returns for the years ended September 30, 2007 through 2010 are subject to examination by the Internal Revenue Service and a state regulatory agency. No such examinations have been initiated as of the date of the Report of Independent Auditors. New Zealand 1 3 Program Services Procurement of exchange programs and to provide an agent for local contacts to ensure successful high school exchange. 617602 Australia 1 2 Program Services Procurement of exchange programs and to provide an agent for local contacts to ensure successful high school exchange. 485259 2 5 1102861 1 american red cross PO Box 37295 washington DC 20013 530196605 501(c)3 100000 0 Cash Not applicable Haiti Relief Fund 1 0 X 1 0 0 0 0 0 0 0 0 Dan Sodervall 231770 0 0 0 0 0 0 0 18666 0 250436 0 0 0 Deborah Hoey 117995 0 20567 0 0 0 0 0 24255 0 162817 0 0 0 Asa Fanelli 200000 0 0 0 0 0 0 0 11100 0 211100 0 0 0 Part I, Line 4a PART I, LINE 4A: ASA FANELLI IS A FORMER EMPLOYEE AND DIRECTOR. THE EMPLOYEE RECEIVED A SEVERANCE PACKAGE THAT BEGAN ON OCTOBER 1, 2008. FOR THE 2009 CALENDAR YEAR, THE EMPLOYEE EARNED $ 200,000. 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. 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