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School Year Abroad INC FY2021 filing

Tax-deductible

North Andover, MA501(c)(3)Since 1965International EIN 04-2589375Revenue $4.1M in FY2021

On file with the IRSsya.org120 Water St Ste 310, 01845-2650 · North Andover, MATax-exempt since Jan 1977School — 170(b)(1)(A)(ii)

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To provide educational opportunities to high School students that allow them to live in either spain, italy, or france for an entire Year, for a semester, or for a summer, while earning US graduation credits.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
$725K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.6M a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$725K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Plus $18.2M in investments, Pt X · Ln 11–13
Looks good: 23.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
-64% vs prior year
Spent
$5.0M
To programs
43%
Net assets
$28.8M
By yearFY2020–FY2025
Revenue
$4.1M
FY2021▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.5M
FY2021$4.1M
FY2022$14.1M
FY2023$14.9M
FY2024$14.8M
FY2025$13.6M
Expenses
$5.0M
FY2021▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.4M
FY2021$5.0M
FY2022$10.4M
FY2023$11.7M
FY2024$12.0M
FY2025$12.3M
Net assets
$28.8M
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.5M
FY2021$28.8M
FY2022$29.7M
FY2023$34.6M
FY2024$40.0M
FY2025$44.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $2.1M Management & general 38% · $1.9M Fundraising 19% · $955K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $725K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Tom Hassan
President
$315,178Pt VII · Sec A
Aric Visser
Executive Director
$146,125Pt VII · Sec A
$137,120Pt VII · Sec A
Rachel Keegan
Director of Admissions
$126,085Pt VII · Sec A
Carl Moor
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tom Hassan’s $376K as President is at the 75th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tom Hassan$375,581$357,567$330,769$316,155$315,178$315,904
Michael McCarthy$167,513$159,583$146,799$140,470$137,120$134,337
Rachel Keegan$164,740$156,938$147,628$135,047$126,085$125,727
Aric Visser————$146,125$136,635
John McLoughlin—————$137,004
Erin Ericson$123,374$117,303$111,424$106,255——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers high school students chances to live and study overseas.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2020
01

School year abroad, inc provides educational opportunities to high school students by sending them overseas to study at one of four schools in china, france, italy,or spain. During the 2020-2021 school year, no students studied at our campuses in china, france, italy, and spain and no students attended summer programs in france, china…

$2.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Impetus FoundationFY2025$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$1.2M
Fees for servicesLn 2g$243K
Money outPt IX
$5.0M
Ln 25
Programscol B$2.1M
Managementcol C$1.9M
Fundraisingcol D$955K
Owns and owesPt X
$28.8M
net assets · Ln 32
Cash and savingsLn 1–2$10.0M
Total assetsLn 16$31.8M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Noncash giftsLn 1g$147K
Fees for servicesLn 2g$243K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$1.0M
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$3.5M
SavingsLn 2$6.6M
Cash and savings togetherLn 1–2$10.0M
InvestmentsLn 11–13$18.2M
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$31.8M
LiabilitiesLn 26$2.9M
Net assetsLn 32$28.8M
OperationsPt I, VI
EmployeesI 539
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.4M$10.0M
InvestmentsLn 11–13$14.8M$18.2M
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$27.6M$31.8M
LiabilitiesLn 26$1.2M$2.9M
Net assetsLn 32$26.5M$28.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$576K$171K$271K$133K
Other salaries and wagesLn 7$2.3M$1.1M$795K$441K
Other employee benefitsLn 9$828K$396K$270K$162K
Legal feesLn 11b$42K$37K$5K
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$70K$70K
Office expensesLn 13$43K$9K$28K$7K
OccupancyLn 16$305K$124K$136K$45K
TravelLn 17$18K$14K$4K
Depreciation, depletion and amortizationLn 22$182K$177K$5K
InsuranceLn 23$181K$13K$168K
Other expenses (24a–d)Ln 24$397K$121K$108K$168K
All other expensesLn 24e$27K$19K$8K
Total functional expensesLn 25$5.0M$2.1M$1.9M$955K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.6M$12.3M$1.4M$44.7M 990 PDF
FY2024 $14.8M$12.0M$2.8M$40.0M 990 PDF
FY2023 $14.9M$11.7M$3.2M$34.6M 990 PDF
FY2022 $14.1M$10.4M$3.7M$29.7M 990 PDF
FY2021 Viewing $4.1M$5.0M−$880K$28.8M 990 PDF
FY2020 $11.5M$12.4M−$870K$26.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $4,148,421 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,982,808$2,753,027
I-9 Program service revenuePrior year $9,322,239$242,674
I-10 Investment incomePrior year $239,612$1,152,720
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,544,659$4,148,421
I-13 Grants and similar amounts paidPrior year $2,429,434$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,254,712$3,706,953
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,730,983$1,321,916
I-18 Total expensesPrior year $12,415,129$5,028,869
I-19 Revenue less expensesPrior year −$870,470−$880,448
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,148,421 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,753,027
VIII-1g Noncash contributions (included above)$147,486
VIII-1h Total contributions, gifts and grants$2,753,027
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $242,674$242,674
VIII-3 Investment incomeExcluded from tax $123,247$123,247
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,029,473$1,029,473
VIII-12 Total revenueRelated to mission $242,674 · Unrelated business $0 · Excluded from tax $1,152,720$4,148,421
Part IX · Statement of functional expenses $5,028,869 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $171,166 · Management $271,335 · Fundraising $133,129$575,630
IX-7 Other salaries and wagesPrograms $1,067,746 · Management $795,172 · Fundraising $440,606$2,303,524
IX-9 Other employee benefitsPrograms $396,325 · Management $269,662 · Fundraising $161,812$827,799
IX-11b Legal feesPrograms $36,807 · Management $5,412$42,219
IX-11c Accounting feesManagement $53,228$53,228
IX-11g Other fees for servicesManagement $2,586$2,586
IX-12 Advertising and promotionManagement $70,344$70,344
IX-13 Office expensesPrograms $9,052 · Management $27,520 · Fundraising $6,576$43,148
IX-16 OccupancyPrograms $123,797 · Management $135,560 · Fundraising $45,187$304,544
IX-17 TravelPrograms $13,998 · Management $4,004$18,002
IX-22 Depreciation, depletion and amortizationPrograms $177,098 · Management $5,067$182,165
IX-23 InsurancePrograms $12,999 · Management $168,018$181,017
IX-24 Other expenses (24a–d)Programs $121,327 · Management $107,766 · Fundraising $168,096$397,189
IX-24e All other expensesPrograms $19,097 · Management $8,377$27,474
IX-25 Total functional expensesPrograms $2,149,412 · Management $1,924,051 · Fundraising $955,406$5,028,869
Part X · Balance sheet $31,777,579 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,808,419$3,468,725
X-2 Savings and temporary cash investmentsStart of year $5,579,866$6,560,675
X-3 Pledges and grants receivableStart of year $1,272,917$565,714
X-4 Accounts receivableStart of year $54,806$9,071
X-9 Prepaid expenses and deferred chargesStart of year $35,446$52,057
X-10c Land, buildings and equipment, netStart of year $3,126,087$2,954,840
X-11 Publicly traded securitiesStart of year $5,954,025$6,564,622
X-12 Other securitiesStart of year $8,809,763$11,601,875
X-16 Total assetsStart of year $27,641,329$31,777,579
X-17 Accounts payable and accrued expensesStart of year $915,747$501,865
X-19 Deferred revenueStart of year $267,418$2,430,148
X-26 Total liabilitiesStart of year $1,183,165$2,932,013
X-27 Net assets without donor restrictionsStart of year $18,105,877$18,350,383
X-28 Net assets with donor restrictionsStart of year $8,352,287$10,495,183
X-32 Total net assets or fund balancesStart of year $26,458,164$28,845,566
X-33 Total liabilities and net assetsStart of year $27,641,329$31,777,579
Part XI · Reconciliation of net assets $28,845,566 net assets at year end
XI-1 Total revenue$4,148,421
XI-2 Total expenses$5,028,869
XI-3 Revenue less expenses−$880,448
XI-4 Net assets at start of year$26,458,164
XI-5 Net unrealized gains (losses) on investments$3,207,062
XI-9 Other changes in net assets$60,788
XI-10 Net assets at end of year$28,845,566

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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