Australian Universities & Schools Usa Foundation Inc is located in Cambridge, MA. The organization was established in 2006. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Australian Universities & Schools USA Foundation 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 12/2021, Australian Universities & Schools USA Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 15.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AUSTRALIAN INDEPENDENT SCHOOLS USA FOUNDATION EXISTS TO SUPPORT QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AISUSA FOUNDATION REQUESTS PROPOSALS FROM SELECTED INSTITUTIONS AND AWARDS GRANTS TO SUPPORT EDUCATIONAL PRIORITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Louisa Teo Secretary | Officer | 1 | $48,000 |
Charles Grant Through Oct 2021 Chairman | OfficerTrustee | 1 | $0 |
Nicholas Roach Appointed Oct 2021 Chairman | OfficerTrustee | 1 | $0 |
Richard Southby Director | Trustee | 1 | $0 |
Rebecca A John Director | Trustee | 1 | $0 |
Michael Edye Director | Trustee | 1 | $0 |
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 | $2,349,744 |
Noncash contributions included in lines 1a–1f | $146,350 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,349,744 |
Total Program Service Revenue | $67,391 |
Investment income | $156 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,023 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,427,102 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $2,254,556 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $39,019 |
Compensation of current officers, directors, key employees. | $39,019 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,028 |
Fees for services: Accounting | $8,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $321 |
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 | $0 |
Insurance | $0 |
All other expenses | $201 |
Total functional expenses | $2,406,980 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $240,477 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,650 |
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 | $87,878 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,248 |
Total assets | $340,253 |
Accounts payable and accrued expenses | $11,219 |
Grants payable | $186,307 |
Deferred revenue | $0 |
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 | $197,526 |
Net assets without donor restrictions | $142,727 |
Net assets with donor restrictions | $0 |
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 | $340,253 |
Over the last fiscal year, we have identified 2 grants that Australian Universities & Schools Usa Foundation Inc has recieved totaling $149,526.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $79,460 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $70,066 |
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