2026-05-15T11:50:39-05:00 2025-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2024-07-01 830379231 AMERICAN COOPERATIVE SCHOOL OF TUNIS ASSOCIATION AMER 7167516101 CORP TRUST CENTER 1209 ORANGE ST WILMINGTON DE 19801 ZIED MATAAR FINANCE DIRECTOR 7167516101 2026-05-14 1 1 JULIA FLANNERY P00928918 3012963600 2026-05-14 2024 2025-03-06 01:10:19Z ACST ZAKARIYA SALIM PALSHA CORP TRUST CENTER 1209 ORANGE ST WILMINGTON DE 19801 12644079 0 X WWW.ACST.NET X 2003 DE THE MISSION OF ACST, AN INDEPENDENT, PRE-K TO 12 UNIVERSITY PREPARATORY AMERICAN SCHOOL PRIMARILY SERVING THE INTERNATIONAL COMMUNITY IN TUNIS, IS TO DEVELOP WELL-ROUNDED, RESPONSIBLE, AND HIGHLY COMPETENT STUDENTS BY PROVIDING A CHALLENGING ACADEMIC PROGRAM. 9 9 0 25 0 0 137836 143038 12084302 11325745 940112 911020 220000 264276 13382250 12644079 20230 50000 0 0 8466054 7545145 0 0 0 4120403 4653052 12606687 12248197 775563 395882 30615233 32862031 4986113 6405698 25629120 26456333 THE MISSION OF ACST, AN INDEPENDENT, PRE-K TO 12 UNIVERSITY PREPARATORY AMERICAN SCHOOL PRIMARILY SERVING THE INTERNATIONAL COMMUNITY IN TUNIS, IS TO DEVELOP WELL-ROUNDED, RESPONSIBLE, AND HIGHLY COMPETENT STUDENTS BY PROVIDING A CHALLENGING ACADEMIC PROGRAM. 0 0 9729117 50000 11325745 PROVIDING PRE-K TO 12TH GRADE U.S. STYLE EDUCATION TO 422 STUDENTS RESIDING IN TUNIS, TUNISIA. THE SCHOOL IS ACCREDITED BY THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS AND IS SPONSORED BY THE U.S. STATE DEPARTMENT OFFICE OF OVERSEAS SCHOOLS. 9729117 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 TS 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 DE X ZIED MATAAR 7167516101 CORP TRUST CENTER 1209 ORANGE ST WILMINGTON DE 19801 NICOLE DIANE DUEKER PRESIDENT 4.00 X X 0 0 0 RANIA FAZAH TREASURER 4.00 X X 0 0 0 GINA RENE CIARCIA VICE PRESIDENT 4.00 X X 0 0 0 MAUREEN FRANCES PARK SECRETARY 4.00 X X 0 0 0 SOUHA BEN HAMUDA MEMBER AT LARGE 4.00 X 0 0 0 CHRISTOPHER HUTTON MEMBER AT LARGE 4.00 X 0 0 0 STEPHEN FARTHING MEMBER AT LARGE 4.00 X 0 0 0 CHRISTOFFER STEFFEN MEMBER AT LARGE 4.00 X 0 0 0 JESUS ZURBARAN MEMBER AT LARGE 4.00 X 0 0 0 ZAKARIYA SALIM PALSHA SCHOOL DIRECTOR 40.00 X 401046 0 29441 HEND KHELIF BOUGHEDIR FINANCE & ADMINSTRATIVE DIRECTOR 40.00 X 140300 0 25413 LORI NEWMAN ELEMENTARY PRINCIPAL 36.50 X 145470 0 12389 KEVIN THOMAS SECONDARY PRINCIPAL 36.50 X 143692 0 13159 LYNN TERMAN ELEMENTARY PRINCIPAL ASSISTANT 36.50 X 106861 0 15309 937369 0 95711 5 0 1 0 ISS INTERNATIONAL SCHOOL SERVICES 15 ROSZEL RD PRINCETON NJ 08543 SCHOOL MANAGEMENT 651964 STE BM RESTAURANT 85 RUE EL BASSATINE CHOTRANA SOUKRA TS 2036 CATERING 291996 SATGURU TRAVEL & TOURS SERVICES 1 RUE DU LAC DOURMIA TUNIS TS 1053 TRAVEL AGENCY 127877 VISION VOYAGE 11 RUE JAAFER EL BARMAKI TUNIS TS 1082 TRAVEL AGENCY 113656 4 143038 143038 TUITION 900099 9817958 9817958 REGISTRATION & CAPITAL 900099 890800 890800 BUS FEES 900099 336337 336337 LUNCH FEES 900099 280650 280650 11325745 907961 907961 3059 0 3059 3059 3059 REIMBURSEMENT 900099 196060 196060 MISCELLANEOUS REVENUE 900099 66273 66273 LATE FEES 900099 1943 1943 264276 12644079 11325745 0 1175296 50000 50000 686009 686009 5812960 5812960 687746 687746 358430 358430 54351 54351 10915 10915 25812 25812 32771 32771 76470 76470 50868 50868 907444 907444 145403 145403 54701 54701 1090374 1090374 42282 42282 CLASSROOM 305260 305260 CANTEEN 272132 272132 STUDENT ACTIVITIES 265392 265392 BUS TRANSPORTATION 183640 183640 1135237 1135237 12248197 9729117 2519080 0 10180 11005 12599087 12845135 624267 1840549 693820 855293 21719527 12560155 9309998 9159372 2809704 2971744 4568177 5178933 30615233 32862031 1850319 1670197 3135794 4735501 4986113 6405698 X 25339874 26209425 289246 246908 25629120 26456333 30615233 32862031 X 395882 556122 1764 -126555 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 460322 460322 13655459 7739451 5916008 6672809 4820704 1852105 930937 930937 9159372 HOUSING BONDS 42057 F INVESTMENTS AT COST 5132387 C LONG TERM DEPOSITS 4489 F 5178933 REFUNDABLE ADVANCES 2193633 PROVISION FOR RISKS AND CHARGES 2541868 4735501 13117745 556122 -82456 473666 12644079 0 12644079 12035270 0 12035270 212927 212927 12248197 PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR ORDINARY GAINS & LOSSES -82,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR ORDINARY GAINS & LOSSES 212,927. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS LOCATED IN A FOREIGN COUNTRY AND DOES NOT ADVERTISE THROUGH NEWSPAPER OR BROADCAST MEDIA FOR SECURITY REASONS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM THE US DEPARTMENT OF STATE - OFFICE OF OVERSEAS SCHOOLS. 1 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 20995813 MIDDLE EAST AND NORTH AFRICA 1 187 PROGRAM SERVICES EDUCATION 12248197 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT MAKING 50000 1 187 0 0 1 187 33294010 0 33294010 TUTION DISCOUNT MIDDLE EAST AND NORTH AFRICA 7 50000 REDUCTION OF TUITION 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID FOR PARENTS WHO PAY PRIVATELY. THERE IS NO MONITORING AS THE ELIGIBILITY ANALYSIS IS DONE DURING THE APPLICATION PROCESS. THERE IS NO OUTLAY OF FUNDS, JUST A DISCOUNT IN TUITION. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 ZAKARIYA SALIM PALSHA SCHOOL DIRECTOR 291707 0 0 0 109339 0 0 0 29441 0 430487 0 0 0 HEND KHELIF BOUGHEDIR FINANCE & ADMINSTRATIVE DIRECTOR 140300 0 0 0 0 0 0 0 25413 0 165713 0 0 0 LORI NEWMAN ELEMENTARY PRINCIPAL 120605 0 0 0 24865 0 0 0 12389 0 157859 0 0 0 KEVIN THOMAS SECONDARY PRINCIPAL 120605 0 0 0 23087 0 0 0 13159 0 156851 0 0 0 PART I, LINE 1A ALL OF THE EMPLOYEES LISTED IN PART VII EXCEPT HEND KHELIF BOUGHEDIR RECEIVE THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN THEIR TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A THE AMERICAN COOPERATIVE SCHOOL OF TUNIS (ACST) IS GOVERNED BY A NINE-MEMBER BOARD OF GOVERNORS ELECTED BY THE ACST ASSOCIATION. FIVE BOARD MEMBERS MUST BE U.S. CITIZENS. THE BOARD ALSO INCLUDES TWO NON-VOTING MEMBERS: A TEACHER REPRESENTATIVE AND AN APPOINTEE OF THE U.S. AMBASSADOR TO TUNISIA. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL IS INCORPORATED AS A PARENTS AND EMPLOYEES ASSOCIATION. EACH PARENT OR GUARDIAN OF CHILDREN ENROLLED AT ACST AND EMPLOYEE OF THE SCHOOL IS A MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER HAS ONE VOTE AT THE GENERAL ASSEMBLY. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND BY-LAWS MUST BE APPROVED BY A GENERAL ASSEMBLY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PREPARES AND PROVIDES THE INFORMATION USED FOR THE FORM 990. THE 990 IS THEN PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE FINANCE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON IS DEFINED AS ANY DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE OR EMPLOYEE OF ACST WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONSIDERING ALL OTHER TRANSACTIONS AND ARRANGEMENTS, THE INTERESTED PERSON MUST PROVIDE DISCLOSURE TO THE RELEVANT DECISION MAKER OR MAKERS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE ACTION. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS ACST IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES, WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE ACST OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES AND BENEFITS OFFERED TO TOP MANAGEMENT POSITIONS AND FACULTY ARE COMPARED WITH THOSE OFFERED BY AMERICAN SCHOOLS WORLDWIDE, PARTICULARLY THE NEAR EAST, SOUTH ASIA REGION THROUGH THE REGIONAL ASSOCIATION NESA'S ANNUAL SURVEY. INCREASES AND/OR CHANGES ARE APPROVED AND DOCUMENTED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE UPPER SCHOOL LIBRARY AND DIRECTOR'S OFFICE. FINANCIAL STATEMENTS ARE AVAILABLE AT THE FINANCE OFFICE. THESE DOCUMENT ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -42,335. UNREALIZED CURRENCY LOSS -84,220.