Nonprofit · EIN 04-2589375
SCHOOL YEAR ABROAD INC
Tax-exempt · NORTH ANDOVER, MA 01845
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,625,712 | $12,250,561 | $1,375,151 | $48,418,465 | $3,716,343 | $44,702,122 |
| June 30, 2024 | 990 | $14,751,719 | $11,976,463 | $2,775,256 | $44,493,128 | $4,505,309 | $39,987,819 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,602,953
- Program service revenue
- $10,811,741
- Investment income
- $1,211,018
- Net gain from sales of assets
- $40,059
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,886,996
- Compensation of officers, directors and key employees
- $693,806
- Other salaries and wages
- $3,355,567
- Salaries, compensation and benefits (total)
- $5,181,438
- Professional fundraising fees
- $0
- Legal fees
- $7,403
- Accounting fees
- $82,616
- Occupancy
- $375,611
- Travel
- $970,604
- Depreciation
- $157,752
- Program services (functional)
- $8,723,920
- Management and general (functional)
- $2,713,446
- Fundraising (functional)
- $813,195
Balance sheet and other
- Total assets, start of year
- $44,493,128
- Total assets, end of year
- $48,418,465
- Total liabilities, end of year
- $3,716,343
- Net assets, end of year
- $44,702,122
- Land, buildings and equipment
- $3,319,770
- Publicly traded securities
- $1,512,527
- Net assets without donor restrictions
- $30,279,583
- Net assets with donor restrictions
- $14,422,539
- Gross receipts
- $13,639,860
- Employees
- 39
- Volunteers
- 100
- Year formed
- 1965
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM HASSAN | PRESIDENT Trustee or director, Officer | 50 | $375,581 | $67,845 |
| MICHAEL MCCARTHY | CFO Officer | 50 | $167,513 | $64,746 |
| RACHEL KEEGAN | DIRECTOR OF ADMISSIONS Highest-paid employee | 50 | $164,740 | $48,686 |
| ERIN ERICSON | DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $123,374 | $33,440 |
| TED RAMSEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE STAVNEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRYAN SIMMONS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DARCY MCLEAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID MCKEAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DONALD AUSTIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOLLAND GOSS LYNCH | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JIM VENTRE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIAN FU | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIANNE PUENTE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NAHIN JORGGE | TRUSTEE Trustee or director | 2 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER KIRBY | TRUSTEE Trustee or director | 2 | $0 |
| RUSSELL SHAW | TRUSTEE Trustee or director | 2 | $0 |
| STEVE WERBER | TRUSTEE Trustee or director | 2 | $0 |
| TAYLOR RUGGLES | TRUSTEE Trustee or director | 2 | $0 |
| DENNIS MANNING | TRUSTEE Trustee or director | 2 | $0 |
| ANNE-CARMENE ALMONORD | TRUSTEE Trustee or director | 2 | $0 |
| ANNE MORRISSEY | TRUSTEE Trustee or director | 2 | $0 |
| BRITTANY TOSCANO GORE | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM HASSAN | PRESIDENT Trustee or director, Officer | 50 | $357,567 | $63,776 |
| MICHAEL MCCARTHY | CFO Officer | 50 | $159,583 | $60,776 |
| RACHEL KEEGAN | DIRECTOR OF ADMISSIONS Highest-paid employee | 50 | $156,938 | $45,161 |
| ERIN ERICSON | DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $117,303 | $29,416 |
| ANNABELLE BROWN FOWLKES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE STAVNEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRYAN SIMMONS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DARCY MCLEAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID MCKEAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DONALD AUSTIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOLLAND GOSS LYNCH | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JIM VENTRE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIAN FU | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIANNE PUENTE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NAHIN JORGGE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER KIRBY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RUSSELL SHAW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEVE WERBER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TAYLOR RUGGLES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIM PRATT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE-CARMENE ALMONORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE MORRISSEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRITTANY TOSCANO GORE | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 WATER ST STE 310, NORTH ANDOVER, MA 01845-2650
- Principal officer (990 for 2024)
- MICHAEL MCCARTHY, 120 WATER STREET 310, NORTH ANDOVER, MA 01845
- Signed the 990
- MICHAEL MCCARTHY, CFO
- Phone
- (978) 725-6828
- Website
- WWW.SYA.ORG
- Return prepared by
- TSS ADVISORS LLC
Mission
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.
Program accomplishments
- SCHOOL YEAR ABROAD, INC PROVIDES EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS BY SENDING THEM OVERSEAS TO STUDY AT ONE OF THREE SCHOOLS IN FRANCE, ITALY,OR SPAIN.Expenses $8,723,920 · grants $2,886,996 · revenue $10,811,741
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2589375
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q220)
- Assets (IRS master file)
- $48,418,465
- Income (IRS master file)
- $13,639,860
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,625,712 | $12,250,561 | $48,418,465 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $14,751,719 | $11,976,463 | $44,493,128 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $14,932,700 | $11,689,429 | $39,940,860 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $14,077,338 | $10,404,264 | $33,320,885 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2589375).
Questions about SCHOOL YEAR ABROAD INC
- What is the EIN of SCHOOL YEAR ABROAD INC?
- The employer identification number (EIN) of SCHOOL YEAR ABROAD INC is 04-2589375.
- Is SCHOOL YEAR ABROAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to SCHOOL YEAR ABROAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOOL YEAR ABROAD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SCHOOL YEAR ABROAD INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHOOL YEAR ABROAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHOOL YEAR ABROAD INC?
- The 990 for the year ended June 30, 2025 names MICHAEL MCCARTHY.
- Who are the officers and directors of SCHOOL YEAR ABROAD INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 4 received compensation from the organization, the highest $375,581 (TOM HASSAN, PRESIDENT).
- How much revenue does SCHOOL YEAR ABROAD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,625,712, expenses of $12,250,561 and total assets of $48,418,465 at year end.
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