Nonprofit · EIN 22-2789574
FABSIT
Also known as FRIENDS OF THE AMERICAN BOARD SCHO
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $193,465 | $220,722 | -$27,257 | $1,204,939 | $5,000 | $1,199,939 |
| May 31, 2024 | 990 | $289,181 | $206,644 | $82,537 | $1,192,109 | $4,800 | $1,187,309 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $124,084
- Program service revenue
- $0
- Investment income
- $69,381
- Net gain from sales of assets
- $24,464
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $98,765
- Other salaries and wages
- $60,000
- Salaries, compensation and benefits (total)
- $74,933
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Occupancy
- $1,280
- Travel
- $3,551
- Program services (functional)
- $148,893
- Management and general (functional)
- $47,392
- Fundraising (functional)
- $24,437
Balance sheet and other
- Total assets, start of year
- $1,192,109
- Total assets, end of year
- $1,204,939
- Total liabilities, end of year
- $5,000
- Net assets, end of year
- $1,199,939
- Publicly traded securities
- $1,094,335
- Net assets without donor restrictions
- $1,056,915
- Net assets with donor restrictions
- $143,024
- Gross receipts
- $781,962
- Employees
- 1
- Volunteers
- 10
- Year formed
- 1986
- State of legal domicile
- DE
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DILHAN KALYON | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT KELLER | DIRECTOR Trustee or director | 3 | $0 |
| HAKAN OZKABAS | DIRECTOR Trustee or director | 3 | $0 |
| BARCLAY SHEPARD | DIRECTOR Trustee or director | 3 | $0 |
| SELIM SULOS | DIRECTOR Trustee or director | 3 | $0 |
| AHMET HOKE | DIRECTOR Trustee or director | 3 | $0 |
| ISMAIL EKMEKCI | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEREM TURUNC | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| TARIK MUGHISUDDIN | TREASURER Trustee or director, Officer | 3 | $0 |
| BALCA KORKUT GOK | SECRETARY Trustee or director, Officer | 3 | $0 |
990 for the year ended May 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAKAN OZKABAS | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT KELLER | DIRECTOR Trustee or director | 3 | $0 |
| BARCLAY SHEPARD | DIRECTOR Trustee or director | 3 | $0 |
| AHMET HOKE | DIRECTOR Trustee or director | 3 | $0 |
| SELIM SULOS | DIRECTOR Trustee or director | 3 | $0 |
| DILHAN KALYON | DIRECTOR Trustee or director | 3 | $0 |
| KEREM TURUNC | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| ISMAIL EKMEKCI | PRESIDENT Trustee or director, Officer | 5 | $0 |
| BALCA KORKUT GOK | SECRETARY Trustee or director, Officer | 3 | $0 |
| TARIK MUGHISUDDIN | TREASURER Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 292 NEWBURY STREET SUITE NUMBER 344, BOSTON, MA 02115-2863
- In care of
- % ISMAIL EKMEKCI
- Principal officer (990 for 2024)
- ISMAIL EKMEKCI, 292 Newbury Street STE 344, Boston, MA 02115
- Signed the 990
- ISMAIL EKMEKCI, PRESIDENT
- Phone
- (617) 523-3433
- Website
- www.fabsit.org
- Return prepared by
- John M Monticone CPA
Mission
FOSTER EXCELLENCE IN SECONDARY EDUCATION AND HEALTH CARE IN TURKEY THROUGH SUPPORT THE AMERICAN BOARD SCHOOLS AND HOSPITAL AND THROUGH THEM, TO INSTILL VALUES AND PROVIDE KNOWLEDGE TO HELP YOUNG MEN AND WOMEN BECOME CONTEMPORARY LEADERS CONTRIBUTING TO THE DEVELOPMENT OF TURKEY.
Program accomplishments
- ESTABLISHED TO PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO SCHOOLS AND HOSPITALS IN TURKEY. THE EXPENDITURES ALLOCATED TO PROGRAM SERVICES WERE ACTUAL GRANTS AND AN ALLOCATION OF ALL OTHER EXPENSES BASED ON ESTIMATED TIME.Expenses $148,893 · grants $98,765
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2789574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q123)
- Assets (IRS master file)
- $1,204,939
- Income (IRS master file)
- $781,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $193,465 | $220,722 | $1,204,939 | IRS |
| 990 | May 2024 | $289,181 | $206,644 | $1,192,109 | XML |
| 990 | May 2023 | $169,268 | $188,378 | $972,771 | IRS |
| 990 | May 2022 | $365,600 | $346,364 | $1,007,254 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 22-2789574).
Questions about FABSIT
- What is the EIN of FABSIT?
- The employer identification number (EIN) of FABSIT is 22-2789574.
- Is FABSIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to FABSIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FABSIT 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 FABSIT due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FABSIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FABSIT?
- The 990 for the year ended May 31, 2025 names ISMAIL EKMEKCI.
- Who are the officers and directors of FABSIT?
- The 990 for the year ended May 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does FABSIT have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $193,465, expenses of $220,722 and total assets of $1,204,939 at year end.
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