2026-05-14T09:20:37-05:00 2025-06-30 991445194 TSS ADVISORS LLC 19 MORGAN DRIVE LEBANON NH 03766 990 2024-07-01 042589375 SCHOOL YEAR ABROAD INC SCHO 9787256828 120 WATER STREET 310 NORTH ANDOVER MA 01845 MICHAEL MCCARTHY CFO 9787256828 2026-05-14 1 0 JAMES N GODFREY CPA P00913422 6036530044 2026-05-12 2024 2025-03-06 01:10:19Z MICHAEL MCCARTHY 120 WATER STREET 310 NORTH ANDOVER MA 01845 13639860 0 X WWW.SYA.ORG X 1965 MA TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS THAT ALLOW THEM TO LIVE AND STUDY ABROAD 20 19 39 100 0 1759 1798090 1602953 12010588 10811741 943041 1211018 0 0 14751719 13625712 2801401 2886996 0 0 5014886 5181438 0 0 813195 4160176 4182127 11976463 12250561 2775256 1375151 44493128 48418465 4505309 3716343 39987819 44702122 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. 0 0 8723920 2886996 10811741 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. 8723920 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 39 1 1 1 1 FR IT SP 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MICHAEL MCCARTHY 9787256828 120 WATER STREET NORTH ANDOVER MA 01845 TED RAMSEY TRUSTEE 2.00 X 0 0 0 ANNE STAVNEY TRUSTEE 2.00 X 0 0 0 BRYAN SIMMONS TRUSTEE 2.00 X 0 0 0 DARCY MCLEAN TRUSTEE 2.00 X 0 0 0 DAVID MCKEAN TRUSTEE 2.00 X 0 0 0 DONALD AUSTIN TRUSTEE 2.00 X 0 0 0 HOLLAND GOSS LYNCH CHAIR 5.00 X X 0 0 0 JIM VENTRE TRUSTEE 2.00 X 0 0 0 JULIAN FU TRUSTEE 2.00 X 0 0 0 JULIANNE PUENTE TRUSTEE 2.00 X 0 0 0 NAHIN JORGGE TRUSTEE 2.00 X 0 0 0 PETER KIRBY TRUSTEE 2.00 X 0 0 0 RUSSELL SHAW TRUSTEE 2.00 X 0 0 0 STEVE WERBER TRUSTEE 2.00 X 0 0 0 TAYLOR RUGGLES TRUSTEE 2.00 X 0 0 0 DENNIS MANNING TRUSTEE 2.00 X 0 0 0 TOM HASSAN PRESIDENT 50.00 X X 375581 0 67845 ANNE-CARMENE ALMONORD TRUSTEE 2.00 X 0 0 0 ANNE MORRISSEY TRUSTEE 2.00 X 0 0 0 BRITTANY TOSCANO GORE TRUSTEE 2.00 X 0 0 0 MICHAEL MCCARTHY CFO 50.00 X 167513 0 64746 ERIN ERICSON DIRECTOR OF DEVELOPMENT 50.00 X 123374 0 33440 RACHEL KEEGAN DIRECTOR OF ADMISSIONS 50.00 X 164740 0 48686 831208 0 214717 4 0 1 0 CARNEY SANDOE & ASSOCIATES 5070 NORTH HIGHWAY A1A SUITE 260 VERO BEACH FL 32963 RECRUITING 100516 1 1602953 57099 1602953 TUITION AND FEES 611710 10612000 10612000 SCHOOL MEMBER FEES 611710 122500 122500 MISCELLANEOUS INCOME 611710 77241 77241 10811741 1170959 1170959 54207 14148 40059 40059 40059 13625712 10811741 0 1211018 2886996 2886996 693806 204606 330062 159138 3355567 1977199 1103245 275123 1132065 767901 279001 85163 7403 1295 6108 82616 26841 55775 44500 11913 32587 62914 1333 61581 57722 19061 31180 7481 375611 180183 146571 48857 970604 821724 148880 157752 155046 2706 396219 172342 223877 UNRELATED BUSINESS INCO 2894 2894 HOUSING 1176906 1176906 ALUMNI DEVELOPMENT 237294 237294 EQUIPMENT AND FURNITURE 178632 56824 121808 431060 263750 167171 139 12250561 8723920 2713446 813195 2141248 1476683 6994875 5086038 8482 0 4230 64147 165245 146916 6854853 3535083 3238127 3319770 15170594 1512527 16550068 36722917 220259 89467 44493128 48418465 718259 788584 3561938 2835530 225112 92229 4505309 3716343 X 25923255 30279583 14064564 14422539 39987819 44702122 44493128 48418465 X 1375151 3336709 2443 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30526477 2569943 4356497 730000 36722917 24552874 3285288 3268315 580000 30526477 18779901 4204627 2058346 490000 24552874 17620910 4175157 -2556166 460000 18779901 14860420 8128 3402362 650000 17620910 0.80784 0.13617 0.05599 0 0 3190421 968670 2221751 2802547 1799409 1003138 861885 767004 94881 3319770 OTHER SECURITIES 36722917 F 36722917 OPERATING LEASE RIGHT-OF-USE OBLIGATION 92229 92229 X 14075425 3336709 3336709 10738716 2886996 2886996 13625712 9361122 -2443 -2443 9363565 2886996 2886996 12250561 PART V, LINE 4: SCHOOL YEAR ABROAD'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC SUPPORT, STUDENT SERVICES, AND GENERAL OPERATING SUPPORT. PART X, LINE 2: THE SCHOOL ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740), ON JULY 1, 2009. FASB ASC 740 SEEKS TO REDUCE THE DIVERSITY IN PRACTICE ASSOCIATED WITH CERTAIN ASPECTS OF MEASUREMENT AND RECOGNITION IN ACCOUNTING FOR INCOME TAXES. IN ADDITION, FASB ASC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND ACCOUNTING IN INTERIM PERIODS AND REQUIRES EXPANDED DISCLOSURE WITH RESPECT TO THE UNCERTAINTY IN INCOME TAXES. THE SCHOOL'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS INCLUDES A REVIEW OF ALL MATERIAL TAX POSITIONS FOR ALL TYPES OF TAXES IN ALL JURISDICTIONS AND FOR ALL OPEN YEARS IN ACCORDANCE WITH THE RECOGNITION AND MEASUREMENT REQUIREMENTS OF FASB ASC 740. THE MOST COMMON TAX POSITION FOR THE SCHOOL IS A POSITION TAKEN IN THE ENTITY'S TAX-EXEMPT STATUS.HOWEVER, FASB ASC 740 ALSO LOOKS AT OTHER FORMS OF TAX POSITIONS, INCLUDING WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. ONCE THIS PROCESS IS COMPLETED, THE POSITIONS ARE EVALUATED IN TERMS OF THEIR LIKELIHOOD TO SUCCEED. FOR TAX POSITIONS THAT DO NOT MEET THE DEFINITION OF MORE LIKELY THAN NOT TO SUCCEED, NO TAX BENEFIT IS CONSIDERED. ONLY THOSE TAX POSITIONS THAT HAVE A GREATER-THAN-50% CHANCE OF BEING SUSTAINED ON AUDIT BY A KNOWLEDGEABLE AGENT ARE INCLUDED IN VALUING THE BENEFIT. THIS ANALYSIS IS PERFORMED USING ALL RELEVANT AUTHORITIES. THE SCHOOL FILES THE FORM 990. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE JUNE 30, 2022. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITIES FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,886,996. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY EXCHANGE -2,443. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,886,996. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN THE INSTRUCTIONS GIVEN TO COORDINATORS AT MEMBER SCHOOLS ITALY 1 12 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1571841 FRANCE 1 13 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 1981899 SPAIN 1 14 PROGRAM SERVICES OPERATION OF SCHOOL AND RELATED ACTIVITIES 2283184 3 39 0 0 3 39 5836924 0 5836924 0 0 0 0 0 0 1 FINANCIAL AID 98 2886996 FMV DISCOUNTS TO TUITION PART I, LINE 2: SCHOLARSHIP GRANTS ARE AWARDED TO STUDENTS AS A DISCOUNT ON THEIR TUITION. ALL SUCH GRANTS ARE AWARDED UPON COMPLETION OF THE SSS APPLICATION AND SUBMISSION OF INCOME TAX DOCUMENTS. NO CASH IS GIVEN DIRECTLY TO AN INDIVIDUAL. 1 X X X X X 0 0 0 0 0 0 0 0 0 TOM HASSAN PRESIDENT 375581 0 0 0 0 0 27600 0 40245 0 443426 0 0 0 MICHAEL MCCARTHY CFO 167513 0 0 0 0 0 14180 0 50566 0 232259 0 0 0 RACHEL KEEGAN DIRECTOR OF ADMISSIONS 164740 0 0 0 0 0 13664 0 35022 0 213426 0 0 0 ERIN ERICSON DIRECTOR OF DEVELOPMENT 123374 0 0 0 0 0 10476 0 22964 0 156814 0 0 0 X 20 57099 FMV 0 1 1 PART I, LINE 32B: STOCK GIFTS RECEIVED ARE PROCESSED AND SOLD BY THE SCHOOL'S CUSTODIAL FINANCIAL INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED ELECTRONICALLY TO BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. ANY QUESTIONS OR COMMENTS ARE ADDRESSED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES ARE DISTRIBUTED AND SIGNED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 WAGES ARE COMPARED AGAINST NATIONAL AND REGIONAL DATA PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY EXCHANGES 2,443. 990 , PART XII, LINE 2C FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.