School Year Abroad Inc
- Assets
- $33.3m
- Revenue
- $14.1m
- Investments
- $9.7m
- Employees
- 39
- Location
- North Andover, MA
- Founding
- 01/1977
- Data as of
- 06/2022
- EIN
- 04-2589375
Organization Overview
School Year Abroad Inc is located in North Andover, MA. The organization was established in 1977. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, School Year Abroad Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Year Abroad Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, School Year Abroad Inc generated $14.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $10.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS THAT ALLOW THEM TO LIVE AND STUDY ABROAD
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL YEAR ABROAD, INC PROVIDES EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS BY SENDING THEM OVERSEAS TO STUDY AT ONE OF THREE SCHOOLS IN FRANCE, ITALY,OR SPAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Temple Bacon Trustee | Trustee | 2 | $0 |
Annabelle Brown Fowlkes Trustee | Trustee | 2 | $0 |
Anne Stavney Trustee | Trustee | 2 | $0 |
Bryan Simmons Trustee | Trustee | 2 | $0 |
Darcy Mclean Trustee | Trustee | 2 | $0 |
David Mckean Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,123,176 |
| Noncash contributions included in lines 1a–1f | $112,588 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,123,176 |
| Total Program Service Revenue | $10,672,734 |
| Investment income | $239,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,077,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,236,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,247 |
| Compensation of current officers, directors, key employees. | $263,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,898,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,075,492 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,539 |
| Fees for services: Accounting | $88,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,393 |
| Advertising and promotion | $77,063 |
| Office expenses | $80,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $340,400 |
| Travel | $669,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,628 |
| Insurance | $396,733 |
| All other expenses | $138,966 |
| Total functional expenses | $10,404,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,448,590 |
| Savings and temporary cash investments | $7,225,258 |
| Pledges and grants receivable | $256,077 |
| Accounts receivable, net | $4,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $187,175 |
| Net Land, buildings, and equipment | $2,867,022 |
| Investments—publicly traded securities | $10,615,357 |
| Investments—other securities | $9,717,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,320,885 |
| Accounts payable and accrued expenses | $547,562 |
| Grants payable | $0 |
| Deferred revenue | $3,037,990 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,585,552 |
| Net assets without donor restrictions | $18,049,294 |
| Net assets with donor restrictions | $11,686,039 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,320,885 |