2025-10-15T21:51:07-05:00 2025-03-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2024-04-01 135639689 AMERICAN YOUTH HOSTELS INC AMER 2406502100 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 209106339 ANALIA CASTELO CFO 2406502100 2025-10-15 1 1 ZACHARY SEGAL P01511850 3016529100 2025-09-24 2024 2025-03-06 01:10:19Z HOSTELLING INTERNATIONAL USA RUSSELL HEDGE 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 209106339 33296351 1 1 3153 X WWW.HIUSA.ORG X 1949 NY SEE SCHEDULE O 13 13 483 232 0 0 2452348 767605 30210684 29721577 1867296 1392336 765321 769717 35295649 32651235 0 0 0 0 17248288 18404497 0 0 566388 16807914 16739986 34056202 35144483 1239447 -2493248 74077240 66608111 48550512 43718225 25526728 22889886 X SEE SCHEDULE O 0 0 28256547 30042200 HOSTEL STAY: AYH PROVIDES A NETWORK OF 14 HOSTELS NATIONWIDE, AND IN A TYPICAL YEAR HOSTS TRAVELERS FROM MORE THAN 80 COUNTRIES WITH OVER 650,000 GUEST OVERNIGHT STAYS ANNUALLY. THE SHARED COMMUNITY MODEL AT OUR HOSTELS CREATES AN ENVIRONMENT FOR AUTHENTIC CULTURAL EXCHANGE AND NEW EXPERIENCES THAT CAN BUILD CULTURAL UNDERSTANDING. EACH 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. 1086085 GUEST LEARNING PROGRAMS: AYH'S HOTEL EXPERIENCE IS BASED ON THE EXPERIENTIAL LEARNING MODEL, ONE THAT ENCOURAGES IMMERSION, ENGAGEMENT, AND REFLECTION. INTENTIONAL DESIGNED TOURS, OUTINGS, AND IN-HOSTEL GATHERINGS DELIVERED BY STAFF AND VOLUNTEERS PROVIDE GUESTS WITH OPPORTUNITIES TO BETTER UNDERSTAND OTHER CULTURES AND CONNECT TO LOCAL COMMUNITY. PROGRAM DESIGN IS ALIGNED WITH AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES (AACU) LEARNING VALUE RUBRICS IN THE DISCIPLINES OF INTERCULTURAL COMMUNICATION, CIVIC ENGAGEMENT AND GLOBAL CITIZENSHIP. EACH YEAR, IN ADDITION TO THE HOSTEL STAY PROGRAM, AYH TYPICALLY DELIVERS MORE THAN 2,900 FACILITATED LEARNING PROGRAMS NATIONWIDE WITH OVER 38,000 PARTICIPANTS. 57496 NATIONWIDE SIGNATURE PROGRAMS: AYH DELIVERS NATIONAL SCOPE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR AUTHENTIC CULTURAL EXCHANGE AND NEW EXPERIENCES THAT CAN MAKE AN ENDURING DIFFERENCE IN THEIR LIVES AND THEIR WORLDS. TRAVEL SCHOLARSHIPS GIVE 18 TO 30 YEAR OLDS, 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 IN ACTIVITIES THAT CELEBRATE THE UNITED NATIONS INTERNATIONAL DAY OF PEACE, IN PARTNERSHIP WITH HOSTELS AROUND THE WORLD 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 UNITED STATES, GERMANY, FRANCE, TUNISIA, LEBANON AND EGYPT ANNUALLY FOR A TWO-WEEK HOSTEL BASED EXCHANGE PROGRAM THAT INCLUDES FACILITATED INTENSIVE DIALOGUE, EXPERIENTIAL LEARNING ACTIVITIES, TRAVEL AND REFLECTION. THESE AND OTHER SIGNATURE PROGRAMS PROMOTE CROSS-CULTURAL EXCHANGE, MUTUAL UNDERSTANDING AND TOLERANCE. AYH HOESTELS ARE PLATFORMS FOR COMMUNITY ENGAGEMENT THROUGH VOLUNTEERISM, CIVIC ENGAGEMENT, AND SERVICE-LEARNING OPPORTUNITIES. ACROSS THE COUNTRY, VOLUNTEERS CONTRIBUTE THEIR TIME TO ENSURE HOSTELS ARE SAFE, WELCOMING SPACES FOR TRAVELERS TO CONNECT WITH ONE ANOTHER AND THE LOCAL COMMUNITY. AYH HOSTELS OFFER SPACE AND PROGRAMMING FOR LOCAL ORGANIZATIONS AND INDIVIDUALS TO GATHER, EXCHANGE IDEAS, AND ENGAGE IN ACTIONS THAT HAVE AN ENDURING IMPACT ON THEIR LIVES AND THEIR WORLDS. OUR HOSTELS, AND THE PROGRAMS AND ACTIVITIES THEY SUPPORT, CONNECT PEOPLE TO EACH OTHER, TO COMMUNITIES, AND TO THE WORLD. 29400128 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 137 0 1 483 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MS NH NJ NM NY NC OH PA RI SC TN TX WA WI X ANALIA CASTELO 2406502100 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 209106339 AUDRA JONES DIRECTOR 1.00 1.00 X 0 0 0 BERKITA BRADFORD DIRECTOR 1.00 1.00 X 0 0 0 BRUCE MARSDEN DIRECTOR 1.00 1.00 X 0 0 0 CHARLES HOKANSON DIRECTOR/CHAIR 1.00 2.00 X X 0 0 0 DEAN PAPADEMETRIOU DIRECTOR 1.00 1.00 X 0 0 0 ERIN HAMANT DIRECTOR/SECRETARY 2.00 2.00 X X 0 0 0 JOEL YAFFE DIRECTOR 1.00 1.00 X 0 0 0 LEAH MOSCHELLA DIRECTOR 1.00 1.00 X 0 0 0 LISA GURWITCH DIRECTOR 1.00 1.00 X 0 0 0 NICOLE SANDOVAL DIRECTOR 1.00 1.00 X 0 0 0 VIOLET APPLE DIRECTOR/VICE CHAIR 1.00 1.00 X X 0 0 0 WALT KNOEPFEL DIRECTOR 1.00 1.00 X 0 0 0 WANGARI KAMAU DIRECTOR 1.00 1.00 X 0 0 0 AARON CHAFFEE VP, HOSTEL DEV/ASST TREASU 40.00 1.00 X 224638 0 20577 ANALIA CASTELO CFO 40.00 6.00 X 145073 0 23621 DANIELLE BRUMFITT NORRIS VP EXTERNAL AFFAIRS/ASST T 40.00 1.00 X 204308 0 17625 LISA ZHU VP HR, ASST SECRETARY 40.00 1.00 X 183656 0 49598 MICHELLE HIRSCHFELD VP SALES STAKEHOLDER ACTIV 40.00 1.00 X 213456 0 36198 RUSSELL HEDGE CEO/ASST SECRETARY 40.00 6.00 X 437449 0 57536 SAM HUSSEIN VP HEAD OF IT 40.00 2.00 X 222113 0 6415 AMY CARTER SR. DIRECTOR OF MARKETING 40.00 1.00 X 158150 0 19800 DANIEL CASE VP, HOSTEL OPERATIONS 40.00 1.00 X 181793 0 13436 CANDICE WASHINGTON VP OF EDUCATION AND EXPERI 40.00 1.00 X 151615 0 18763 ISABEL CRUZ GENERAL MANAGER 40.00 1.00 X 142989 0 22603 JENNIFER HUTCHERSON DIRECTOR, HR 40.00 1.00 X 140610 0 21606 LOLITA BROWN CONTROLLER 40.00 1.00 X 155839 0 22481 NATALIE RAINFORD DIRECTOR, REVENUE MANAGER 40.00 1.00 X 147357 0 20144 2709046 0 350403 31 0 1 0 BOOKINGCOM BV 5295 PAYSHPERE CIRCLE CHICAGO IL 60674 ONLINE BOOKING SERVICE 1551103 STENSON ELEVATOR CO 676 TOLAND PLACE SAN FRANCISCO CA 94124 ELEBATOR MAINTENANCE 475292 C&M MAINTENANCE PO BOX 77348 SAN FRANCISCO CA 94107 HOUSEKEEPING SERVICES 215467 STAFF PRO LLC 28 DEBUYS RD BILOXI MS 39531 HOUSEKEEPING SERVICES 184873 EXPEDIA INC PO BOX 844120 DALLAS TX 752844120 ONLINE BOOKING ENGINE 178249 8 767605 767605 HOSTEL STAY 721110 29597757 29597757 MEMBERSHIP SERVICES 721110 119397 119397 LEARNING PROGRAMS 611600 4423 4423 29721577 1392336 1392336 203063 0 203063 203063 203063 891147 645116 246031 246031 320623 320623 320623 32651235 30042200 0 1841430 2215443 1109043 939949 166451 12819504 10692622 1810567 316315 171830 132116 32212 7502 2052549 1698826 312676 41047 1145171 924084 186014 35073 116776 116776 202003 202003 71279 886 70393 1237315 514776 722539 278126 276915 1211 256389 232498 23891 300916 160707 140209 3929231 3754703 174528 203981 154405 49576 176993 34844 142149 541645 541645 2513519 2513519 1007564 1001458 6106 COMMISSION EXPENSE 2251807 2251807 HOSTEL SUPPLIES & MAINT 1759694 1759694 BANK FEES 955691 890454 65237 HOSTELLER BREAKFAST SER 434816 434816 502241 320310 181931 35144483 29400128 5177967 566388 3542328 924658 1053122 1343677 131792 444544 44764 33388 671859 1448397 80536181 38283039 41193744 42253142 27252532 20071493 187099 88812 74077240 66608111 3807149 2582044 2784625 3170498 30449027 22167726 11509711 15797957 48550512 43718225 X 11619292 12248164 13907436 10641722 25526728 22889886 74077240 66608111 X -2493248 -143594 X 0 1 X 1 0 X 713062 7686080 2875634 2452348 767605 14494729 924589 10567888 27833879 30210684 29721577 99258617 1369899 387883 84133 862901 891147 3595963 3007550 18641851 30793646 33525933 31380329 117349309 44325 58178 34751 46513 62629 246396 0 44325 58178 34751 46513 62629 246396 117102913 1576995 732373 209645 2059501 1595399 6173913 1576995 732373 209645 2059501 1595399 6173913 579398 39650 432122 320623 1371793 5163943 19374224 31042941 36017556 33296351 124895015 0.93760 0.95060 0.04940 0.03680 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 579,398. 2022 AMOUNT: $ 39,650. 2023 AMOUNT: $ 432,122. 2024 AMOUNT: $ 320,623. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072556 378672 34303 12622 1472909 846526 48250 181855 4075 1072556 431259 450000 -29984 4749 846526 430008 1251 431259 4024492 416237 125698 4136419 430008 0.32916 0.67084 0 0 1990897 1990897 31021823 18032305 12989518 13212263 9450063 3762200 16105841 9281836 6824005 18205357 1518835 16686522 42253142 DUE TO AFFILIATES 15797957 15797957 X PART V, LINE 4: AYH HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR DONOR-RESTRICTED ENDOWMENT ASSETS THAT ATTEMPT TO GENERATE A SERIES OF CASH WITHDRAWALS THAT GROW WITH INFLATION TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE DONOR-RESTRICTED ENDOWMENT ASSETS. DONOR-RESTRICTED ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT AYH MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS. THE PURPOSE OF THE AYH BOARD-DESIGNATED ENDOWMENT FUND IS TO GENERATE LONG-TERM APPRECIATION THAT CAN BE USED TO FUND FUTURE PROGRAMS AND TO PROVIDE A RESERVE OF MONEY TO AYH IN THE EVENT OF UNFORESEEN ECONOMIC CONDITIONS. UNDER BOTH POLICIES, AYH ACCEPTS A MODERATE LEVEL OF RISK IN INVESTMENT RETURN COMPARABLE TO THE RISK ASSOCIATED WITH THE S&P 500 EQUITY INDEX. FOUR PERCENT (4%) OF THE ASSET VALUE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS AT THE END OF THE FISCAL YEAR MAY BE WITHDRAWN EACH YEAR FOR OPERATING PURPOSES, FIRST FROM DIVIDENDS AND INTEREST EARNED, AND THE REMAINDER FROM LIQUIDATION OF PRINCIPAL, LEAVING THE REMAINING ASSET VALUE TO APPRECIATE OVER TIME TO INCREASE THE DONOR-RESTRICTED FUND FOR FUTURE YEARS. PART X, LINE 2: AMERICAN YOUTH HOSTELS, INC., HI CHICAGO, AND HI BOSTON HAVE APPLIED FOR AND HAVE RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AMERICAN YOUTH HOSTELS, INC., 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. AMERICAN YOUTH HOSTELS, INC., 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 15. INCOME TAX RETURNS 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 2020 REMAIN OPEN. DURING THE YEARS ENDED MARCH 31, 2025 AND 2024, AYH DID NOT HAVE ANY UNRELATED BUSINESS TAXABLE INCOME AND NO INCOME TAX EXPENSE WAS INCURRED. DUE TO ITS TAX-EXEMPT STATUS, AYH IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. AYH HAS ADOPTED THE ACCOUNTING GUIDANCE FROM THE ACCOUNTING STANDARDS CODIFICATION FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS OF MARCH 31, 2025 AND 2024, 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 CONSOLIDATED 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. X X X X 0 0 0 0 0 0 0 1 0 RUSSELL HEDGE CEO/ASST SECRETARY 383241 0 20000 0 34208 0 10350 0 47186 0 494985 0 0 0 MICHELLE HIRSCHFELD VP SALES STAKEHOLDER ACTIV 205186 0 8000 0 270 0 6638 0 29560 0 249654 0 0 0 AARON CHAFFEE VP, HOSTEL DEV/ASST TREASU 215864 0 8000 0 774 0 6638 0 13939 0 245215 0 0 0 LISA ZHU VP HR, ASST SECRETARY 175242 0 8000 0 414 0 5934 0 43664 0 233254 0 0 0 SAM HUSSEIN VP HEAD OF IT 213843 0 8000 0 270 0 6415 0 0 0 228528 0 0 0 DANIELLE BRUMFITT NORRIS VP EXTERNAL AFFAIRS/ASST T 196028 0 8000 0 280 0 5775 0 11850 0 221933 0 0 0 DANIEL CASE VP, HOSTEL OPERATIONS 181023 0 500 0 270 0 2018 0 11418 0 195229 0 0 0 LOLITA BROWN CONTROLLER 154151 0 500 0 1188 0 4827 0 17654 0 178320 0 0 0 AMY CARTER SR. DIRECTOR OF MARKETING 157470 0 500 0 180 0 4863 0 14937 0 177950 0 0 0 CANDICE WASHINGTON VP OF EDUCATION AND EXPERI 150701 0 500 0 414 0 4092 0 14671 0 170378 0 0 0 ANALIA CASTELO CFO 139539 0 5200 0 334 0 0 0 23621 0 168694 0 0 0 NATALIE RAINFORD DIRECTOR, REVENUE MANAGER 146587 0 500 0 270 0 4539 0 15605 0 167501 0 0 0 ISABEL CRUZ GENERAL MANAGER 142056 0 663 0 270 0 4504 0 18099 0 165592 0 0 0 JENNIFER HUTCHERSON DIRECTOR, HR 139696 0 500 0 414 0 4385 0 17221 0 162216 0 0 0 PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUSES. STAFF COMPENSATION IS SET PRIMARILY BASED ON MARKET STUDIES PERFORMED FOR POSITIONS IN OUR VARIOUS LOCATIONS, WHILE ALSO TAKING INTO ACCOUNT INTERNAL EQUITY. BEYOND BASE COMPENSATION, ADDITIONAL COMPENSATION MAY BE GIVEN IN THE FORM OF END OF YEAR GIFTS TO ALL STAFF, OR BONUSES FOR SELECT STAFF. THESE FORMS OF ADDITIONAL COMPENSATION ARE AT THE DISCRETION OF THE CEO. CEO BASE COMPENSATION IS SET BY THE BOARD FOLLOWING A PERIODIC MARKET STUDY CONDUCTED BY AN INDEPENDENT 3RD PARTY. ANY ADDITIONAL BONUS COMPENSATION IS AT THE DISCRETION OF THE BOARD AND IS DETERMINED FOLLOWING AN EVALUATION OF CEO PERFORMANCE FOR THE PRECEDING FISCAL YEAR. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: AYH PROMOTES A DEEPER UNDERSTANDING OF PEOPLE, PLACES AND CULTURES TO ADVANCE A MORE TOLERANT WORLD THROUGH OUR HOSTELS, EXPERIENTIAL LEARNING PROGRAMS AND 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 HOSTELS, EXPERIENTIAL LEARNING PROGRAMS AND NATIONWIDE SIGNATURE PROGRAMS, WE BRING PEOPLE TOGETHER FROM DIVERSE BACKGROUNDS AND PERSPECTIVES FACILITATING INTERACTION, FOR DIALOGUE LEARNING AND RELATIONSHIP BUILDING THAT INTENTIONALLY BROADENS PERSPECTIVE, IMPROVES CULTURAL UNDERSTANDING AND CREATES A MORE TOLERANT WORLD. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS "TRANSACTIONAL MEMBERS AND SUCH STATUS IS AVAILABLE TO ANY PERSON INTERESTED IN ADVANCING THE PURPOSE OF THE CORPORATION. FEES AND REGULATIONS FOR SUCH TRANSACTIONAL MEMBERS ARE ESTABLISHED BY SENIOR MANAGEMENT. THESE TRANSACTIONAL MEMBERS ARE NOT CONSIDERED "MEMBERS" FOR PURPOSES OF NEW YORK NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO ITS FILING. THE AUDIT COMMITTEE MEETS WITH THE CFO, CONTROLLER AND THE ORGANIZATION'S AUDITORS AND TAX ACCOUNTANTS TO REVIEW AND DISCUSS THE AUDIT AND 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 AND ITS AFFIILIATED ENTITIES. 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 AYH 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 AYH BOARD OF DIRECTORS; BY COMMITTEE MEMBERS TO THE RELEVANT AYH COMMITTEE; AND/OR BY EMPLOYEES OR VOLUNTEERS TO AYH SENIOR MANAGEMENT; AND THE TRANSACTIONS ARE BELIEVED TO BE IN THE BEST INTERESTS OF AYH, THEY MAY LAWFULLY BE UNDERTAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS OF AMERICAN YOUTH HOSTELS, INC. THE EXECUTIVE COMMITTEE ENGAGES AN OUTSIDE NONPROFIT COMPENSATION CONSULTANT TO PROVIDE COMPENSATION DATA FOR COMPARABLE POSITIONS. THE CEO'S PERFORMANCE IS DOCUMENTED ANNUALLY BY THE BOARD. BASED ON THE CEO'S PERFORMANCE AND CONSULTANT DATA, THE BOARD OF DIRECTORS SETS THE CEO'S ANNUAL COMPENSATION. THIS DECISION IS DOCUMENTED IN BOARD MEETING MINUTES. THE COMPENSATION OF ALL OTHER EMPLOYEES OF THE ORGANIZATION ARE SET BY USING COMPENSATION DATA FROM EXTERNAL SOURCES, ANNUAL PERFORMANCE REVIEWS AND COMPARABLE DATA. 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 ATTENTION: CFO 8455 COLESVILLE ROAD, SUITE 1225 SILVER SPRING, MD 20910 240-650-2100 FINANCE@HIUSA.ORG FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP -204,962. DISSOLUTION OF INTERNATIONAL AFFILIATED HOSTELS 61,368. AMERICAN YOUTH HOSTELS - CHICAGO INC 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 20910 364253842 HOSTELLING IL 501(C)(3) LINE 10 AYH 1 AYH BOSTON HOSTEL INC 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 20910 271079973 HOSTELLING MA 501(C)(3) LINE 10 AYH 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 AYH BOSTON HOSTEL INC O 2039707 FMV AYH CHICAGO INC O 1992679 FMV