Forum On Education Abroad Inc
- Assets
- $3.2m
- Revenue
- $2.3m
- Investments
- $2.9m
- Employees
- 10
- Location
- Carlisle, PA
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 23-3100062
Organization Overview
Forum On Education Abroad Inc is located in Carlisle, PA. The organization was established in 2002. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Forum On Education Abroad Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum On Education 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 06/2023, Forum On Education Abroad Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP ORGANIZATION THAT IS THE STANDARDS DEVELOPMENT ORGANIZATION FOR EDUCATION ABROAD
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF THE FORUM COMMIT TO FOLLOWING THE FORUM'S STANDARDS OF GOOD PRACTICE FOR EDUCATION ABROAD AND SUPPORT THE FORUM'S MISSION TO CULTIVATE EDUCATORS WHO CHAMPION HIGH-QUALITY EDUCATION ABROAD EXPERIENCES THAT IGNITE CURIOSITY, IMPACT LIVES, AND CONTRIBUTE TO A BETTER WORLD. BY ENGAGING IN DIALOGUE, COLLABORATION, SHARING BEST PRACTICES, RESEARCH AND INNOVATION, AND PROFESSIONAL DEVELOPMENT, THE FORUM STRIVES TO ADDRESS AND PROVIDE CRITICAL RESOURCES AND A FORUM FOR DISCUSSION FOR THE FIELD OF EDUCATION ABROAD, WITH PARTICULAR CONSIDERATION OF GROUPS WHO HAVE BEEN HISTORICALLY EXCLUDED OR MARGINALIZED IMPACTING ACCESS TO EDUCATION ABROAD.
THROUGH CONVENING EVENTS AND CONFERENCES, THE FORUM OFFERS OPPORTUNITIES FOR DISCUSSION, LEARNING, AND NETWORKING. THE FORUM'S ANNUAL CONFERENCE IS THE LARGEST EDUCATION ABROAD GATHERING AND THE SIGNATURE EVENT OF THE FORUM. IN MARCH, OVER 715 PEOPLE ATTENDED THIS IN PERSON AND A FURTHER 220 VIRTUALLY.
THE FORUM'S TRAINING PROGRAMS, SERVICES AND RESOURCES OFFER IMPORTANT LEARNING AND DEVELOPMENT OPPORTUNITIES, DATA AND ANALYSIS, QUALITY ASSURANCE TOOLS, PUBLICATIONS AND ONLINE RESOURCES TO HELP INSTITUTIONS TO ADVANCE THEIR EDUCATION ABROAD PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lucas PHD Chair | OfficerTrustee | 2 | $0 |
Dawn Whitehead PHD Vice-Chair | OfficerTrustee | 1 | $0 |
Kerry J Edmonds Treasurer | OfficerTrustee | 1 | $0 |
Martha Johnson Secretary | OfficerTrustee | 1 | $0 |
Eduardo Contreras Board Member (effective January 2023) | Trustee | 1 | $0 |
Jennifer Donaghue Board Member (effective January 2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dickinson College Staffing Services | 6/29/23 | $1,150,941 |
Heza Consulting Professional Services | 6/29/23 | $124,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,774 |
| Total Program Service Revenue | $2,131,587 |
| Investment income | $119,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,324,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,579 |
| Compensation of current officers, directors, key employees. | $52,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,511 |
| Payroll taxes | $61,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,495 |
| Fees for services: Accounting | $158,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,299 |
| Fees for services: Other | $8,434 |
| Advertising and promotion | $107,595 |
| Office expenses | $73,837 |
| Information technology | $41,372 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $754,265 |
| Interest | $11,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $36,199 |
| Total functional expenses | $2,514,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,920 |
| Savings and temporary cash investments | $30,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,863 |
| 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 | $25,637 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,863,899 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,244,857 |
| Accounts payable and accrued expenses | $159,075 |
| Grants payable | $0 |
| Deferred revenue | $452,740 |
| 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 | $497,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,109,377 |
| Net assets without donor restrictions | $1,995,345 |
| Net assets with donor restrictions | $140,135 |
| 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 | $3,244,857 |