2024-10-08T02:21:42-05:00 2024-03-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-04-01 271079973 AMERICAN YOUTH HOSTELS-BOSTON HOSTELINC AMER 2406502100 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 209106339 ANALIA CASTELO CFO 2406502100 2024-10-07 1 0 ZACHARY SEGAL P01511850 3016529100 2024-10-05 2023 2024-10-15 13:58:12Z HOSTELLING INTERNATIONAL-BOSTON RUSSELL HEDGE 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 209106339 7870536 0 3153 X WWW.HIUSA.ORG/BOSTON X 2009 MA SEE SCHEDULE O 4 2 0 47 0 0 0 0 6653718 7390998 247 361 297680 446722 6951645 7838081 0 0 0 0 0 0 0 0 0 5076824 6121095 5076824 6121095 1874821 1716986 41886889 41190300 22230738 21856554 19656151 19333746 X SEE SCHEDULE O 0 0 6033478 7393101 HOSTEL STAY: IN A TYPICAL YEAR, AYH BOSTON HOSTS TRAVELERS FROM MORE THAN 80 COUNTRIES AND HOSTS MORE THAN 90,000 GUEST STAY OVERNIGHTS ANNUALLY. THE HOSTEL IS PART OF THE AMERICAN YOUTH HOSTELS, INC. (AYH) NETWORK OF 14 HOSTELS NATIONWIDE. THE HOSTEL STAY CREATES THE ENVIRONMENT FOR CULTURAL EXCHANGE AND UNDERSTANDING AND IS FUNDAMENTAL TO ALL OTHER PROGRAMS WE OFFER. THE HOSTEL IS PURPOSELY DESIGNED WITH SPACES AND AMENITIES THAT BRING PEOPLE TOGETHER AND ENCOURAGE INTERACTION IN AN INCLUSIVE AND INVITING WAY. WE STRATEGICALLY DEVELOP AND USE SPACES TO DELIVER CULTURAL EXCHANGE THROUGH EXPERIENTIAL LEARNING TO OUR TRAVELER GUESTS AND COMMUNITY MEMBERS. AS TRAVELERS GET TO KNOW EACH OTHER, THEY DISCOVER THEIR SIMILARITIES AND DIFFERENCES, CHALLENGING STEREOTYPES AND SOCIAL BARRIERS, EXPAND WORLD VIEWS, AND HELP TO CREATE A MORE TOLERANT WORLD. 77461 GUEST LEARNING PROGRAMS: AYH BOSTON DELIVERS EXPERIENTIAL LEARNING PROGRAMS AND ACTIVITIES IN THE HOSTEL TO ENGAGE AND FACILITATE THE SHARING OF CULTURAL PERSPECTIVES AMONG GUESTS, AND CONNECT GUESTS WITH THE LOCAL COMMUNITY. THROUGH VOLUNTEER FACILITATION GUESTS ARE GIVEN OPPORTUNITIES TO BETTER UNDERSTAND OTHER CULTURES, CREATE A SENSE OF SPACE AND CONNECTION TO LOCAL COMMUNITY AND REFLECT ON THEIR OWN PERSPECTIVES AND UNDERSTANDING, TAKING ACTIONS CONSISTENT WITH THEIR LEARNINGS. PROGRAM DESIGN IS ALIGNED WITH AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES (AACU) VALUE LEARNING RUBRICS IN THE DISCIPLINES OF INTERCULTURAL COMMUNICATION, CIVIC ENGAGEMENT AND GLOBAL CITIZENSHIP. EACH YEAR, IN ADDITION TO THE HOSTEL STAY PROGRAM, AYH BOSTON TYPICALLY DELIVERS FACILITATED LEARNING PROGRAMS WITH PARTICIPANTS. NATIONWIDE SIGNATURE PROGRAMS: AYH BOSTON PARTICIPATES IN NATIONAL SCOPE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR PEOPLE TO ENHANCE THEIR INTERCULTURAL UNDERSTANDING AND CONTRIBUTE TO A MORE TOLERANT WORLD. TRAVEL SCHOLARSHIP AWARDS GIVE 18 TO 30-YEAR OLD'S, WITH QUALIFIED FINANCIAL NEED, THE OPPORTUNITY TO ENGAGE IN EDUCATIONAL TRAVEL WITHIN THE USA AND AROUND THE WORLD. SAY HI FOR PEACE ENGAGES HOSTEL GUESTS AND COMMUNITY MEMBERS IN ACTIVITIES THAT CELEBRATE THE UNITED NATIONS INTERNATIONAL DAY OF PEACE AND EXPLORE HOW THEY CAN CONTRIBUTE TO A PEACEFUL SOCIETY. THE GREAT HOSTEL GIVE BACK PROGRAM OFFERS GROUPS OF SIX OR MORE PEOPLE AN OPPORTUNITY TO RECEIVE A FREE NIGHT'S STAY AT OUR HOSTELS DURING THE MONTHS OF JANUARY AND FEBRUARY FOR EACH DAY THEIR MEMBERS VOLUNTEER IN THE SURROUNDING COMMUNITY. IOU RESPECT BRINGS YOUNG PEOPLE TOGETHER FROM WESTERN AND MIDDLE EASTERN COUNTRIES INCLUDING THE US, GERMANY, FRANCE, TUNISIA, LEBANON AND EGYPT FOR TWO WEEK HOSTEL BASED INTENSIVE DIALOGUE, TRAVEL AND REFLECTION. THESE AND OTHER SIGNATURE PROGRAMS PROMOTE CROSS-CULTURAL EXCHANGE, MUTUAL UNDERSTANDING AND TOLERANCE. 6110939 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 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 0 X 4 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X ANALIA CASTELO 2406509013 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 209106339 RUSSELL HEDGE PRESIDENT 3.00 43.00 X X 0 420187 53153 CHARLES HOKANSON PRESIDENT 1.00 2.00 X X 0 0 0 ERIN HAMANT SECRETARY 1.00 3.00 X 0 0 0 ANALIA CASTELO CFO AS OF 3/24 3.00 43.00 X X 0 0 0 FREDERICA BROWNE OUTGOING 3.00 43.00 X X 0 198058 20251 0 618245 73404 0 0 1 0 BOOKINGCOM PO BOX 740401 LOS ANGELES CA 90074 ONLINE BOOKING SERVICE 271347 MEDFORD WELLINGTON SERVICE CO PO BOX 961 WORCESTER MA 01613 REPAIR SERVICE 118656 2 HOSTEL STAY 721199 6825057 6825057 STUDENT DORM RENT 721199 565931 565931 COMMUNITY PROGRAMS AND 611600 10 10 7390998 361 361 425124 0 425124 425124 425124 51950 32455 19495 19495 2103 2103 2103 7838081 7393101 0 444980 1895460 1895460 10156 10156 26591 26591 230 230 28881 28881 28814 28814 468228 468228 16743 16743 577 577 1002256 1002256 1154258 1154258 152291 152291 HOSTEL SUPPLIES & MAINT 418470 418470 BANK FEES 205682 205682 HOSTELLER BREAKFAST SER 126351 126351 586107 586107 6121095 6110939 10156 0 508161 503699 3747 6139 4797 22395 1055 46043379 14830653 34204912 31212726 7145282 9464276 41886889 41190300 245973 302620 661020 846388 15479815 14996497 5843930 5711049 22230738 21856554 X 19656151 19333746 19656151 19333746 41886889 41190300 X 1716986 -2039391 X 0 1 X 1 0 X 1455 251 25 1731 6718464 674842 3102383 6653718 7390998 24540405 68111 10084 36500 53058 51950 219703 6788030 685177 3138908 6706776 7442948 24761839 0 0 0 24761839 350098 345092 338526 266036 425485 1725237 350098 345092 338526 266036 425485 1725237 688 653 2499 3663 2103 9606 7138816 1030922 3479933 6976475 7870536 26496682 0.93450 0.93610 0.06510 0.06360 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 688. 2020 AMOUNT: $ 653. 2021 AMOUNT: $ 2,499. 2022 AMOUNT: $ 3,663. 2023 AMOUNT: $ 2,103. 3000000 3000000 41068401 13454388 27614013 210625 103778 106847 1741008 1249142 491866 23345 23345 0 31212726 DUE FROM AYH 9464276 9464276 X PART X, LINE 2: AYH, HI CHICAGO, AND HI BOSTON ARE SUBJECT TO INCOME TAXES ON REVENUE GENERATED FROM OTHER SOURCES UNRELATED TO THEIR EXEMPT PURPOSE. DUE TO THEIR TAX-EXEMPT STATUS, THESE ENTITIES ARE NOT SUBJECT TO INCOME TAXES ON REVENUE THAT ARE GENERATED RELATED TO THEIR EXEMPT PURPOSE. AYH, HI CHICAGO, AND HI BOSTON ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS REFLECT PROVISIONS FOR UNRELATED BUSINESS INCOME TAXES IN NOTE 16 AND NOTE 17. INCOME TAX RETURNS FILED BY AYH ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO OTHER TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2019 REMAIN OPEN. DURING THE YEARS ENDED MARCH 31, 2024 AND 2023, AYH BOSTON DID NOT HAVE ANY UNRELATED BUSINESS TAXABLE INCOME AND NO INCOME TAX EXPENSE WAS INCURRED. DUE TO ITS TAX-EXEMPT STATUS, AYH BOSTON IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. AYH BOSTON HAS ADOPTED THE ACCOUNTING GUIDANCE FROM THE ACCOUNTING STANDARDS CODIFICATION FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS OF MARCH 31, 2024 AND 2023, NO MATERIAL UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTS. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF A TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO POSITIONS THAT WOULD RESULT IN ADDITIONAL TAX ASSETS OR LIABILITIES. 0 0 0 0 0 0 0 1 0 RUSSELL HEDGE PRESIDENT 0 367813 0 20000 0 32374 0 9900 0 43253 0 473340 0 0 FREDERICA BROWNE OUTGOING 0 187434 0 8250 0 2374 0 5753 0 14498 0 218309 0 0 PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUSES. PART III THE CEO OF AMERICAN YOUTH HOSTELS, INC. SERVES ON THE BOARD OF DIRECTORS OF THIS ENTITY, HOWEVER THE CEO COMPENSATION IS DETERMINED BY A RELATED ENTITY, AMERICAN YOUTH HOSTELS, INC. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2018-06-01 17514000 TO FINANCE & REFINANCE A BUILDING USED FOR TAX-EXEMPT PURPOSES 0 0 0 A 2517503 17514000 160899 17353101 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART I, LINE 1, AYH BOSTON PROMOTES A DEEPER UNDERSTANDING OF PEOPLE, PLACES AND CULTURES TO ADVANCE A MORE TOLERANT WORLD THROUGH THE HOSTEL STAY, LEARNING PROGRAMS AND PARTICIPATION IN NATIONWIDE SIGNATURE PROGRAMS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: OUR MISSION IS "TO HELP ALL, ESPECIALLY THE YOUNG, GAIN A GREATER UNDERSTANDING OF THE WORLD AND ITS PEOPLE THROUGH HOSTELLING." IN THE HOSTEL, LEARNING PROGRAMS AND PARTICIPATION IN NATIONWIDE SIGNATURE PROGRAMS, WE BRING PEOPLE TOGETHER FROM DIVERSE BACKGROUNDS TO CREATE INTERACTION, DIALOGUE AND RELATIONSHIPS THAT IMPROVE CULTURAL UNDERSTANDING AND CREATE A MORE TOLERANT WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF AMERICAN YOUTH HOSTELS, INC. (ALSO THE DE FACTO AUDIT COMMITTEE FOR AMERICAN YOUTH HOSTELS - BOSTON HOSTEL, INC.). THE AUDIT COMMITTEE MEETS WITH THE CFO, THE CONTROLLER , AND THE ORGANIZATION'S AUDITORS AND TAX ACCOUNTANTS TO REVIEW AND DISCUSS THE AUDIT AND THE FORM 990. THE AUDIT COMMITTEE THEN BRINGS A MOTION BEFORE THE BOARD OF DIRECTORS OF AMERICAN YOUTH HOSTELS, INC. TO ACCEPT THE AUDIT AND THE FILING OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HELPS ENSURE THAT ALL INSTITUTIONAL DECISIONS ARE MADE SOLELY TO PROMOTE THE BEST INTERESTS OF AMERICAN YOUTH HOSTELS, INC. WITHOUT FAVOR OR PREFERENCE BASED ON PERSONAL CONSIDERATIONS, AND TO PROMOTE THE HIGHEST ETHICAL CONDUCT IN ALL TRANSACTIONS. ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE COMPLETES AND SIGNS A DISCLOSURE FORM TO DESCRIBE TRANSACTIONS AND RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OR THE APPEARANCE THEREOF. AN UPDATED CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS IN MARCH 2023, WHICH PROVIDES FOR THE AUDIT COMMITTEE TO REVIEW EACH DISCLOSURE FORM FILED BY EACH OFFICER, DIRECTOR AND KEY EMPLOYEE, AND TAKE APPROPRIATE ACTION TO ENSURE FULL TRANSPARENCY AND THAT THE HIGHEST ETHICAL STANDARD IS IN PLACE FOR ALL TRANSACTIONS AND/OR RELATIONSHIPS. THE GOAL IS TO PERMIT HI USA TO MANAGE CONFLICTING INTERESTS SUCCESSFULLY AND TO REACH OPTIMUM DECISIONS WITH KNOWLEDGE OF THE CONFLICTS. ACCORDINGLY, SO LONG AS TRANSACTIONS ARE DISCLOSED BY BOARD MEMBERS TO THE HI USA BOARD OF DIRECTORS; BY COMMITTEE MEMBERS TO THE RELEVANT HI USA COMMITTEE; AND/OR BY EMPLOYEES OR VOLUNTEERS TO HI USA SENIOR MANAGEMENT; AND THE TRANSACTIONS ARE BELIEVED TO BE IN THE BEST INTERESTS OF HI USA, THEY MAY LAWFULLY BE UNDERTAKEN. FORM 990, PART VI, SECTION B, LINE 15A FOR BOARD MEMBERS OF THIS ENTITY LISTED ON PART VII THAT ARE ALSO EMPLOYEES OF AMERICAN YOUTH HOSTELS, INC., THE USE OF INDEPENDENT COMPENSATION REVIEWS, COMPARABLE DATA, AND REGULAR ANNUAL PERFORMANCE REVIEWS DETERMINES THE APPROPRIATE LEVEL OF COMPENSATION FOR THESE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE ORGANIZATION VIA MAIL, TELEPHONE, OR EMAIL AT: AMERICAN YOUTH HOSTELS- BOSTON HOSTEL, INC. ATTENTION: TREASURER 8455 COLESVILLE ROAD, SUITE 1225 SILVER SPRING, MD 20910 240-650-2100 FINANCE@HIUSA.ORG FORM 990, PART XI, LINE 9: UN-CONSOLIDATION ADJUSTMENT -2,039,391. FORM 990, PART IX, LINE 11 AYH BOSTON HOSTEL, INC SHARES EMPLOYEES WITH AMERICAN YOUTH HOSTELS, INC. THE EMPLOYEES ARE PAID OUT OF AMERICAN YOUTH HOSTELS, INC. AYH BOSTON HOSTEL, INC REIMBURSES AMERICAN YOUTH HOSTELS, INC FOR THOSE EXPENSES. AMERICAN YOUTH HOSTELS INC 8455 COLESVILLE RD - STE 1225 SILVER SPRING MD 20910 135639689 HOSTELLING NY 501(C)(3) LINE 10 N/A 0 AMERICAN YOUTH HOSTELS - CHICAGO INC 8455 COLESVILLE ROAD STE 1225 SILVER SPRING MD 20910 364253842 HOSTELLING IL 501(C)(3) LINE 10 AYH 0 INDEPENDENT AFFILIATE HOSTELS INC 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 20910 822136644 RENTAL OF PROPERTY DE N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0