2026-04-09T13:01:14-05:00 2025-05-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-06-01 464884633 UNIVERSITY STUDIES ABROAD CONSORTIUM UNIV 7757846569 1664 N VIRGINIA ST MS 0323 RENO NV 895570323 DAVID MUSTARD DIRECTOR OF FINANCE 7757846569 2026-04-09 1 1 DANIEL V ROMANO P00504182 2125990100 2024 2025-03-06 01:10:19Z DR ALYSSA NOTA 1664 N VIRGINIA ST MS 0323 RENO NV 895570323 26705566 0 X USAC.EDU X 2014 NV TO ORGANIZE AND ADMINISTER STUDY ABROAD PROGRAMS FOR UNIVERSITY STUDENTS WHICH (SEE SCHEDULE O) ENCOURAGE AND FACILITATE THE ACQUISITION AND USE OF FOREIGN LANGUAGES AND ACADEMIC DISCIPLINES. 10 10 122 25 0 0 35876 96273 22902072 25238190 2187576 1114171 22740 164675 25148264 26613309 1039466 1039393 0 0 10872466 11650749 0 0 22750 11766061 11973969 23677993 24664111 1470271 1949198 43321293 46672866 11228803 11282893 32092490 35389973 X THE MISSION OF UNIVERSITIES STUDIES ABROAD CONSORTIUM ("USAC") IS TO PROVIDE STUDENTS WITH THE OPPORTUNITY TO DEVELOP THE KNOWLEDGE, SKILLS, AND ATTITUDES TO SUCCEED IN THE GLOBAL SOCIETY OF THE 21ST CENTURY. WE STRIVE TO PROVIDE AN AUTHENTIC, QUALITY CONTEXT IN WHICH STUDENTS MAY GROW INTO ENGAGED CITIZENS OF THE WORLD, NOT ONLY IN THE CLASSROOM BUT ALSO THROUGH FIELD TRIPS, INTEGRATED LIVING AND ACADEMIC EXPERIENCES, SPORTS, INTERNSHIPS, AND VOLUNTEER AND SERVICE LEARNING OPPORTUNITIES. 0 0 13909319 759053 16653081 USAC ADMINISTERED AND FACILITATED SPECIALTY PROGRAMS FOR OVER 1,772 UNIVERSITY STUDENTS AT 23 SITES IN 12 FOREIGN COUNTRIES. PROGRAMS RANGE IN LENGTH FROM 3 WEEKS TO A FULL ACADEMIC YEAR. USAC PROGRAMS DELIVER AFFORDABLE STUDY ABROAD OPPORTUNITIES WHILE FULFILLING THE GOAL OF PROVIDING OUR STUDENTS WITH THE OPPORTUNITY TO DEVELOP THE KNOWLEDGE, INTER-CULTURAL COMPETENCIES AND SKILLS TO SUCCEED IN THE 21ST CENTURY. USAC HAS SPECIALTY PROGRAMS LOCATED IN CHILE, CHINA, COSTA RICA, CUBA, CZECH REPUBLIC, FRANCE, GERMANY, IRELAND, ITALY, SPAIN, THAILAND, AND URUGUAY. 6061608 280340 8585109 USAC PARTNERED WITH 24 FOREIGN UNIVERSITIES TO PROVIDE AN ACADEMIC EDUCATION AND INTERNATIONALIZATION FOR OVER 800 STUDENTS. STUDENTS PARTICIPATED IN PROGRAMS THAT RANGED IN LENGTH FROM 4 WEEKS TO A FULL ACADEMIC YEAR AT UNIVERSITIES IN AUSTRALIA, ENGLAND, IRELAND, JAPAN, SOUTH KOREA, THE NETHERLANDS, NEW ZEALAND, PORTUGAL, SCOTLAND, SOUTH AFRICA, SWEDEN, AND THAILAND. 19970927 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 X 9 0 1 122 1 0 1 CI CH CS EZ FR GM IN EI IT SP TH UK UY 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NV X X DAVID MUSTARD 7754391173 1664 N VIRGINIA ST MS 0323 RENO NV 895570323 KATE WRAY CHETTRI BOARD DIRECTOR 1.00 0.00 X 0 0 0 SARAH CRAVER BOARD DIRECTOR (AS OF 10/24) 1.00 0.00 X 0 0 0 JENNIFER HALL BOARD DIRECTOR (AS OF 10/24) 1.00 0.00 X 0 0 0 CORRINE HENKE BOARD DIRECTOR 1.00 0.00 X 0 0 0 LIZ WILDENBERG DE HERNANDEZ BOARD DIRECTOR (AS OF 10/24) 1.00 0.00 X 0 0 0 DOUGLAS LEE BOARD DIRECTOR (THRU 10/24) 1.00 0.00 X 0 0 0 COLLEEN MARCHWICK BOARD DIRECTOR (THRU 10/24) 1.00 0.00 X 0 0 0 KARA MARINCH BOARD DIRECTOR (AS OF 10/24) 1.00 0.00 X 0 0 0 LEANN SCHERBAUER BOARD DIRECTOR 1.00 0.00 X 0 0 0 DAVE SHINTANI BOARD DIRECTOR 1.00 0.00 X 0 0 0 SAMMY SPANN BOARD DIRECTOR 1.00 0.00 X 0 0 0 GREG STEPHANY BOARD DIRECTOR (THRU 10/24) 1.00 0.00 X 0 0 0 JOY WANDERI BOARD DIRECTOR 1.00 0.00 X 0 0 0 DR ALYSSA NOTA PRESIDENT/CEO 40.00 0.00 X 166192 0 25297 SABRINA HARRIS SECRETARY 11.00 0.00 X 29351 0 2275 DAVID MUSTARD TREASURER 40.00 0.00 X 109073 0 23516 FRIEDRICH ROSKE DIRECTOR OF IT 40.00 0.00 X 129229 0 22584 JOSH BLACK SOFTWARE DEVELOPMENT MANAGER 40.00 0.00 X 106970 0 15238 CAMI ALFARO DIRECTOR OF ADVISING 40.00 0.00 X 105268 0 7179 646083 0 96089 5 0 1 0 0 96273 55005 96273 SPECIALTY PROGRAM 611710 16653081 16653081 PARTNERSHIP PROGRAM 611710 8585109 8585109 25238190 1046034 1046034 54000 37252 16748 16748 16748 63142 60000 55005 0 8137 60000 68137 68137 MISCELLANEOUS REVENUE 900099 130838 130838 MISC. CENTRAL OFFICE 900099 17089 17089 147927 26613309 25238190 0 1278846 8799 8799 1030594 1030594 381358 318205 63153 8995980 7112440 1866040 17500 301168 238558 61560 1050 1647076 1304786 339490 2800 325167 257987 65780 1400 10753 2276 8477 9488 9488 143089 30292 112797 23917 23917 225854 47813 178041 429961 429961 522285 373434 148851 278734 13937 264797 250752 130767 119985 73101 17142 55959 223924 52510 171414 13567 13567 512612 512612 792761 654396 138365 ABROAD SCHOOL FEES 4146105 4146105 ROOM & BOARD 2129773 2129773 TOURS & ACTIVITIES 1046433 1046433 AFFILIATE BENEFITS 446255 446255 694605 608425 86180 24664111 19970927 4670434 22750 15578332 15243400 491382 583645 87793 91350 1776101 1421894 346500 292500 764127 676887 6180974 1597545 4739958 4583429 16785958 18242119 2152824 4680167 598318 857475 43321293 46672866 4041281 4596604 5748676 5221692 499781 465347 939065 999250 11228803 11282893 X 31959185 35207274 133305 182699 32092490 35389973 43321293 46672866 X 1949198 830227 3557 514501 X 0 1 X 1 0 X 18497 1832545 19479 35876 96273 2002670 1090661 11317221 21556373 22902072 25238190 82104517 149339 149161 188798 175585 186257 849140 1258497 13298927 21764650 23113533 25520720 84956327 55005 55005 0 55005 55005 84901322 246816 282005 760210 905820 1100034 3294885 246816 282005 760210 905820 1100034 3294885 1099066 508457 2277 147922 1757722 2604379 14089389 22524860 24021630 26768676 90008934 0.94330 0.95430 0.03660 0.02810 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,099,066. 2021 AMOUNT: $ 508,457. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 2,277. 2024 AMOUNT: $ 147,922. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 387976 387976 4481489 890553 3590936 27670 10734 16936 200420 168872 31548 1083419 527386 556033 4583429 OPERATING LEASE LIABILITY 999250 999250 X 21988945 830227 186257 -5593070 -4576586 26565531 23917 23861 47778 26613309 19205963 182700 -23861 158839 19047124 23917 5593070 5616987 24664111 PART X, LINE 2: THE CONSORTIUM IS ORGANIZED AS A NEVADA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3) AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. THE CONSORTIUM IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE CONSORTIUM IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE CONSORTIUM DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS FOR PURPOSES OF REPORTING UNRELATED BUSINESS INCOME TAX. THE WHOLLY-OWNED SUBSIDIARIES ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. THE CONSORTIUM ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THE RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN WHEN IT IS "MORE LIKELY THAN NOT" TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE CONSORTIUM DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF MAY 31, 2025. THE CONSORTIUM'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS. AS OF MAY 31, 2025, THE CONSORTIUM DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS; THEREFORE, THE CONSORTIUM DID NOT HAVE ANY INTEREST OR PENALTIES EXPENSE RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED MAY 31, 2025. THE CONSORTIUM IS NOT SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -1,300,425. PARTNERSHIP PROGRAM EXPENSES -4,292,645. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -37,252. FLUCTUATION IN VALUE -137,862. LEASE TERMINATION TRUE-UP 198,975. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 37,252. FLUCTUATION IN VALUE 137,862. LEASE TERMINATION TRUE-UP -198,975. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,300,425. PARTNERSHIP PROGRAM EXPENSES 4,292,645. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 23 PROGRAM SERVICES STUDY ABROAD PROGRAM 653023 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 3 28 PROGRAM SERVICES STUDY ABROAD PROGRAM 2538595 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 15 177 PROGRAM SERVICES STUDY ABROAD PROGRAM 9540227 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 30 PROGRAM SERVICES STUDY ABROAD PROGRAM 637222 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 1 PROGRAM SERVICES STUDY ABROAD PROGRAM 14749 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 31743 23 259 0 0 23 259 13415559 0 13415559 0 0 1 0 0 0 FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (F): USAC ACCOUNTS FOR EXPENDITURES AND CASH GRANTS USING THE ACCRUAL METHOD. 1 USAC ANNUAL SCHOLARSHIP 319 387875 0 DONOR SCHOLARSHIPS 42 48936 0 USAC MATCH SCHOLARSHIPS 33 32100 0 USAC TUITION DISCOUNTS 1837 561683 0 PART I, LINE 2: TO ENSURE PROPER USE OF THE GRANTS AWARDED, USAC CREDITS THE GRANT AMOUNT DIRECTLY TO THE PROGRAM FEE ON THE STUDENT'S ACCOUNT LIMITING ITS DIVERSION TO UNINTENDED USES. X X 0 0 0 0 0 0 0 0 0 DR ALYSSA NOTA PRESIDENT/CEO 166192 0 0 0 0 0 10105 0 15192 0 191489 0 0 0 FRIEDRICH ROSKE DIRECTOR OF IT 129229 0 0 0 0 0 7883 0 14701 0 151813 0 0 0 X 2 55005 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A EXCEPT AS OTHERWISE PROVIDED BY LAW, THE ARTICLES OF INCORPORATION, OR THE BY LAWS, THE ACTIVITIES AND AFFAIRS OF USAC ARE TO BE CONDUCTED AND ALL CORPORATE POWERS SHALL BE EXERCISED BY OR UNDER THE DIRECTION OF THE BOARD. HOWEVER, THE BOARD MAY DELEGATE THE MANAGEMENT OF THE ACTIVITIES OF USAC TO ONE OR MORE COMMITTEES. FORM 990, PART VI, SECTION A, LINE 4 DURING FY2025, USAC APPROVED AN ADDITION TO THEIR BYLAWS TO INCLUDE AN ARTICLE ON A NEW CONFIDENTIALITY POLICY. THE POLICY OUTLINES KEY INFORMATION THAT IS CONSIDERED "CONFIDENTAL INFORMATION AND PROHIBITS DIRECTORS AND EMPLOYEES FROM DISCLOSING THIS INFORMATION DURING AND AFTER THEIR SERVICE WITH USAC. THE POLICY ALSO OUTLINES ACTIONS THAT MAY BE TAKEN IF BOARD MEMBERS AND EMPLOYEES FAIL TO MAINTAIN THIS CONFIDENTIALITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONAL INDEPENDENT ACCOUNTING FIRM WITH THE ASSISTANCE OF MANAGEMENT. SUBSEQUENT TO THE PREPARATION THE RETURN IS REVIEWED BY MULTIPLE LAYERS OF MANAGEMENT AND ONCE FINALIZED SENT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS MUST ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ADDITIONALLY, MANAGEMENT STAFF AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE THE SAME ANNUAL STATEMENT. THE STATEMENT AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B. HAS READ AND UNDERSTANDS THE POLICY; C. HAS AGREED TO COMPLY WITH THE POLICY; AND D. UNDERSTANDS THE CORPORATION 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 THE CORPORATION 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. THERE ARE PROCEDURES INCLUDED IN THE "CONFLICT OF INTEREST ANNUAL STATEMENT" IF A POTENTIAL CONFLICT IS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 PER ARTICLE V, SECTION 3, OF THE USAC BYLAWS, THE BOARD, OR ANY AUTHORIZED COMMITTEE OF THE BOARD, SHALL REVIEW AND APPROVE THE COMPENSATION, INCLUDING BENEFITS, OF THE OFFICERS OF THE CORPORATION TO ENSURE THAT EACH SUCH OFFICER'S COMPENSATION IS JUST AND REASONABLE. SUCH REVIEW AND APPROVAL SHALL OCCUR WHEN THE OFFICER IS INITIALLY HIRED, WHENEVER THE OFFICER'S TERM OF EMPLOYMENT IS RENEWED OR EXTENDED. DURING THE INITIAL HIRING PROCESS COMPENSATION OF KEY EMPLOYEES IS SCREENED BY THE HUMAN RESOURCES DIRECTOR AND GOES THROUGH SEVERAL STEPS OF APPROVAL. THE PROCESS INCLUDES RESEARCH ON PAY RATES AND COMPARABLE SALARIES. KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY DURING THE REVIEW PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ALL COPIES OF OUR GOVERNING DOCUMENTS, CONFLICT POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN TRANSACTION GAIN 514,501. UNIVERSITY STUDIES ABROAD CONSORTIUM USAC AV REPUBLICA 470 1 COMUNA SANTIAGO CI STUDY ABROAD CI 0 0 USAC USAC FRANCE - (PAU) 136 AVENUE DE DOYEN ROBERT POPLAWSKI FR 64000 STUDY ABROAD FR 0 0 USAC USAC ITALIA VIA VENTIMIGLIA 115 TORINO IT 10126 STUDY ABROAD IT 0 0 USAC UNIVERSITY STUDIES ABROAD CONSORTIUM (SPAIN) CAMPUS UNIV EDIFICIO BIBLIOTECA LEIOA BIZKAIA SP SP 48940 STUDY ABROAD SP 0 0 USAC USAC FRANCE - LYON UNIVERSITE CATHOLIQUE 10 PLACE DES LYON FR 69002 STUDY ABROAD FR 0 0 USAC ASSOCIATION CIVIL USAC ESPANA BLVR MONTEVIDEO UY 2633 STUDY ABROAD UY 0 0 USAC UNIVERSITY STUDIES ABROAD CONSORTIUM INC II PISO DEL EDIFICIO DE VICERRECTOR ESTUDIANTIL HEREDIA CS 40101 STUDY ABROAD CS USAC 1 USAC FOUNDATION OF THAILAND CHIANG MAI UNIVERSITY 239 HUAYKAEW MUANG GHIAMG MAI TH STUDY ABROAD TH USAC 1 USAC UNITED KINGDOM LIMITED 50-60 STATION ROAD CAMBRIDGE UK CB1 2JH STUDY ABROAD UK USAC 1 USAC IRELAND COMPANY LIMITED BY GUARANTEE 88 HARCOURT STREET DUBLIN EI 2 D02DK18 STUDY ABROAD EI USAC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 USAC (COSTA RICA) R 604500 AMT TRANSFERRED USAC (THAILAND) R 375520 AMT TRANSFERRED USAC (IRELAND) R 264580 AMT TRANSFERRED FORM 990, SCHEDULE R, PART I: THE ENTITIES LISTED IN PART I ARE NONFUNCTIONAL ENTITIES, ORGANIZED FOR THE SOLE PURPOSE OF HOLDING BANK ACCOUNTS AND PAYING PAYROLL EXPENSES IN THE FOREIGN COUNTRIES IN WHICH USAC OPERATES. USAC HAS TAKEN THE POSITION THAT THEY ARE DISREGARDED AND THERE IS NO REPORTABLE ACTIVITY OR ASSETS IN THESE ENTITIES. FORM 990, SCHEDULE R, PART II: THE ENTITIES LISTED IN PART II ARE NONFUNCTIONAL CORPORATIONS, ORGANIZED FOR THE SOLE PURPOSE OF HOLDING BANK ACCOUNTS AND PAYING PAYROLL EXPENSES IN THE FOREIGN COUNTRIES. USAC HAS TAKEN THE POSITION THAT THEY ARE CONTROLLED FOREIGN CORPORATIONS AND THERE IS NO REPORTABLE ACTIVITY OR ASSETS HELD IN THESE ENTITIES.