2024-10-21T13:01:29-05:00 2023-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-01-01 263041520 FUND FOR EDUCATION ABROAD FUND 2023497340 1155 CONNECTICUT AVE NW 300 WASHINGTON DC 20036 ANGELA SCHAFFER EXECUTIVE DIRECTOR 2023497340 2024-10-21 1 1 KELLI PECK P01423033 3217516200 2024-10-21 2023 2024-10-15 13:58:12Z ANGELA SCHAFFER 1155 CONNECTICUT AVE NW 300 WASHINGTON DC 20036 764208 0 X WWW.FUNDFOREDUCATIONABROAD.ORG X 2008 DC TO PROVIDE STUDY ABROAD SCHOLARSHIPS AND ONGOING SUPPORT TO U.S. COLLEGE STUDENTS. 15 15 0 200 0 0 643326 604733 0 93125 23779 2839 -39006 -8642 628099 692055 611834 615555 0 0 43452 3420 0 0 35298 199159 185735 854445 804710 -226346 -112655 1884977 1769189 160371 125030 1724606 1644159 X THE MISSION OF THE FUND FOR EDUCATION ABROAD (FEA) IS TO PROVIDE SCHOLARSHIPS AND ONGOING SUPPORT TO STUDENTS WITH FINANCIAL NEED WHO ARE UNDERREPRESENTED AMONG THE U.S. STUDY-ABROAD POPULATION. FEA MAKES LIFE-CHANGING, INTERNATIONAL EXPERIENCES ACCESSIBLE TO ALL BY SUPPORTING STUDENTS OF COLOR, COMMUNITY COLLEGE, AND FIRST-GENERATION COLLEGE STUDENTS BEFORE, DURING, AND AFTER THEY PARTICIPATE IN EDUCATION ABROAD PROGRAMS. 0 0 648893 615555 93125 PROVIDING OPPORTUNITIES FOR COLLEGE STUDENTS TO PARTICIPATE IN HIGH-QUALITY, RIGOROUS EDUCATION ABROAD PROGRAMS BY REDUCING FINANCIAL RESTRICTIONS THROUGH THE PROVISION OF GRANTS AND SCHOLARSHIPS. 146 SCHOLARSHIPS WERE AWARDED TO RECIPIENTS SELECTED THROUGH AN INDEPENDENT VOLUNTEER REVIEW PROCESS DURING 2023. 648893 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 61 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA KY MA MN NH NJ OR SC TN UT WI X X X ANGELA SCHAFFER 2023497340 1155 CONNECTICUT AVE NW 300 WASHINGTON DC 20036 X ANGELA SCHAFFER EXECUTIVE DIRECTOR 40.00 X 114471 0 7616 KATE SIMPSON ATA PRESIDENT FINANCE DIRECTOR 5.00 40.00 X 0 0 0 MARK LENHART CET EXEC DIR CHAIRMAN 5.00 40.00 X X 0 0 0 AMAR REWARI VICE CHAIRMAN 1.00 X X 0 0 0 TONIJA HOPE SECRETARY 2.00 X X 0 0 0 MITZI SHORT TREASURER 1.00 X X 0 0 0 CYNTHIA BANKS TRUSTEE 1.00 X 0 0 0 JOHN CHRISTIAN TRUSTEE 1.00 X 0 0 0 ERRICK GREENE TRUSTEE 1.00 X 0 0 0 GAIL GUGEL TRUSTEE 1.00 X 0 0 0 SARAH JEFFRIES TRUSTEE 1.00 X 0 0 0 JAN KIELING TRUSTEE 1.00 X 0 0 0 BRAD STEPAN TRUSTEE 1.00 X 0 0 0 ELLEN YUI TRUSTEE 1.00 X 0 0 0 DANELLE RADNEY TRUSTEE 1.00 X 0 0 0 KESHIA ABRAHAM TRUSTEE 1.00 X 0 0 0 DEREK LUNA TRUSTEE 1.00 X 0 0 0 114471 0 7616 1 0 0 0 0 22328 582405 10300 604733 ACCESS PARTNER REVENUE 900099 93125 93125 93125 37367 37367 34528 -34528 -34528 -34528 23125 22328 37625 -14500 -14500 MISCELLANEOUS 900099 5858 5858 5858 692055 93125 0 -5803 615555 615555 3420 1721 761 938 65292 963 64329 10781 10781 12747 3258 9049 440 13882 6089 3576 4217 1418 1418 16957 2295 2838 11824 13809 640 804 12365 2856 2856 953 953 DUES AND SUBSCRIPTIONS 25658 18372 3370 3916 BAD DEBT EXPENSE 19500 19500 STATE FILING FEES 1480 1480 402 284 118 804710 648893 120519 35298 411699 400570 245859 217500 146625 53250 5218 9022 9833 9242 3446 591 1072030 1088256 100 0 1884977 1769189 151923 98787 26243 8448 160371 125030 X 1517214 1178882 207392 465277 1724606 1644159 1884977 1769189 -112655 134669 -64088 -38373 0 X X 0 1 X 1 0 X 1273486 303001 506881 643226 604733 3331327 1273486 303001 506881 643226 604733 3331327 860101 2471226 14588 24924 64463 23779 37367 165121 311 3 4431 5858 10603 3507051 250045 0.70460 0.66890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCOME FROM ACTIVITIES NOT REGULARLY CARRIED ON - 2019 AMOUNT: $ 311. 2020 AMOUNT: $ 3. 2022 AMOUNT: $ 4,431. 2023 AMOUNT: $ 5,858. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072029 201409 137508 311908 10782 1088256 1288134 175375 -223140 157510 10830 1072029 1041897 160000 96896 10659 1288134 588942 355689 104002 6736 1041897 20042 541347 27553 588942 0.42640 0.57360 0 0 9833 9242 591 591 X 1091048 134669 226699 361368 729680 -37625 -37625 692055 1143498 301163 37625 338788 804710 0 804710 PART V, LINE 4: STUDY ABROAD SCHOLARSHIPS AND/OR OPERATIONAL SUPPORT PART X, LINE 2: FUND FOR EDUCATION ABROAD IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION (509)(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT DECEMBER 31, 2023, FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. CURRENTLY, THE TAX YEARS ENDING 2020 THROUGH 2023 ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 -37,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 37,625. ANNUAL GALA 45453 22328 23125 7878 26050 3550 147 45453 22328 23125 7878 26050 3550 147 37625 -14500 1 SCHOLARSHIPS 146 615555 PART I, LINE 2: SCHOLARSHIP RECIPIENTS SIGN AN AGREEMENT STATING THAT THEY UNDERSTAND THE INTENTIONS OF THEIR SCHOLARSHIP AWARD AND COMMIT TO BLOGGING. SCHOLARSHIPS ARE DISBURSED TO AWARD RECIPIENTS FOR STUDY-ABROAD RELATED EXPENSES SUCH AS TUITION/PROGRAM FEES AND AIRFARE; RECEIPTING IN THE FORM OF PROGRAM INVOICES OR REIMBURSABLE TRAVEL EXPENSES ARE REQUIRED BEFORE DISBURSEMENTS ARE MADE. ADDITIONALLY, STUDENTS ARE MONITORED WHILE ABROAD THROUGH A BLOGGING REQUIREMENT. FORM 990, PART V, LINE 2A: COMPENSATION FOR THE ORGANIZATION'S EMPLOYEES IS PAID BY ACADEMIC TRAVEL ABROAD, A RELATED ORGANIZATION, UNDER A COMMON PAYMASTER ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE COMMITTEE REVIEWS THE 990; IT IS THEN PRESENTED TO THE BOARD FOR APPROVAL AT THE NEXT QUARTERLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST WHEN THEY SIGN THEIR ACCEPTANCE LETTER. THE ORGANIZATION ALSO REQUIRES THE CONFLICT OF INTEREST POLICY TO BE REVIEWED ANNUALLY BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY OFFICERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE DIRECTOR MEETS WITH THE FINANCE DIRECTOR AND BOARD CHAIR TO CONSIDER COMPENSATION FOR OTHER KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A, LINE 1A: FEA UNDERTOOK REASONABLE MEASURES TO REQUEST COMPENSATION INFORMATION FROM OFFICERS AS RELATED PARTY EMPLOYEES. FEA PROVIDED A QUESTIONNAIRE TO MARK LENHART AND KATE SIMPSON, OFFICERS OF FEA AND EMPLOYEES OF RELATED ORGANIZATION, ACADEMIC TRAVEL ABROAD (EIN 52-1098438), REQUESTING COMPENSATION INFORMATION. OFFICERS LISTED "CONFIDENTIAL" IN AREAS OF QUESTIONNAIRE REGARDING COMPENSATION. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. ACADEMIC TRAVEL ABROAD 1155 CONNECTICUT AVE NW STE 300 WASHINGTON DC 20036 521098438 TRAVEL DC N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0