Form 990 for tax year 2022

Filed by AMERICAN SCHOOL IN LONDON FOUNDATION.

Totals

Total revenue: $23,412,213
Total expenses: $22,803,985
Contributions and grants received: $6,400,154
Grants paid: $5,173,839
Program service revenue: $16,933,874
Investment income: $1,294
Other revenue: $76,891
Total assets, end of year: $3,429,882
Total liabilities, end of year: $2,543,472
Net assets or fund balances, end of year: $886,410
Program services expenses (Part IX): $21,004,754
Management and general expenses: $1,539,236
Fundraising expenses: $259,995
Program service expenses (Part III): $21,004,754

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$969,776
1f · All other contributions, gifts and grants

$5,430,378
1g · Noncash contributions included above

$566,851
2a · Program service revenue: MANAGEMENT FEE - EDUCATION

total $16,933,874 · related or exempt $16,933,874
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,294 · excluded $1,294
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$403,377
8a · Fundraising events: contributions included on line 1c

$969,776
8b · Fundraising events: direct expenses

$326,486
8c · Net income from fundraising events

total $76,891 · excluded $76,891
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $5,173,839 · program services $5,173,839
5 · Compensation of officers, directors and key employees

total $588,859 · management and general $588,859
6 · Compensation of disqualified persons

total $803,757 · program services $184,289 · management and general $619,468
7 · Other salaries and wages

total $14,326,649 · program services $14,089,791 · fundraising $236,858
8 · Pension plan contributions

total $1,374,201 · program services $1,351,064 · fundraising $23,137
10 · Payroll taxes

total $243,784 · program services $203,270 · management and general $40,514
11b · Fees: legal

total $121,424 · management and general $121,424
11c · Fees: accounting

total $60,772 · management and general $60,772
11g · Fees: other

total $53,422 · program services $0 · management and general $53,422 · fundraising $0
13 · Office expenses

total $4,302 · management and general $4,302
23 · Insurance

total $27,702 · program services $2,376 · management and general $25,326
24a · Other expenses: COMMUNICATIONS, SUBSCRIptions

total $99 · management and general $99
24b · Other expenses: PENSION/PAYROLL PROCESSING FEES

total $25,050 · management and general $25,050
24c · Other expenses: Miscellaneous

total $125 · program services $125
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $16,102 · end of year $13,562
2 · Savings and temporary cash investments

beginning of year $391,794 · end of year $1,347,749
3 · Pledges and grants receivable

beginning of year $247,611 · end of year $643,319
4 · Accounts receivable

beginning of year $1,660,921 · end of year $1,215,652
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $53,583 · end of year $209,600
17 · Accounts payable and accrued expenses

beginning of year $1,749,866 · end of year $2,340,472
18 · Grants payable

beginning of year $351,000 · end of year $203,000
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $269,145 · end of year $886,410
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

AMERICAN SCHOOL IN LONDON FOUNDATION WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND PRIMARILY FURNISHES FINANCIAL AND administrative support by employing and administering teachers and administrators who are seconded to and work at The American School in London Educational Trust Limited.

Activities or mission (Part I)

AMERICAN SCHOOL IN LONDON FOUNDATION WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND PRIMARILY FURNISHES FINANCIAL AND ADMINISTRATIVE SUPPORT BY EMPLOYING AND ADMINISTERING some of the teaching and administrative staff at the American School in London.

AMERICAN SCHOOL IN LONDON FOUNDATION EMPLOYS AND SECONDS TO THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LTD (THE "SCHOOL") A LARGE PORTION OF THE SCHOOL'S FACULTY AND ADMINSITRATORS. ADDITIONALLY, THE FOUNDATION RAISES FUNDS AND MAKES GRANTS TO THE SCHOOL FOR VARIOUS PURPOSES WHICH INLCUDE (A) SUPPORT FOR FACULTY AND STAFF SALARIES, BENEFITS AND PROFESSIONAL DEVELOPMENT, (B) FINANCIAL AID FOR STUDENTS, (C) EDUCATIONAL, AHTLETIC, ARTS, CULTURAL, AND COMMUNITY ENRICHMENT PROGRAMS, AND (D) SUPPORT FOR FACILIITES AND EQUIPMENT.

Expenses $21,004,754 · Grants $5,173,839 · Revenue $16,933,874

As filed on the 2022 return.

Listed in Part VII

Barry M Sabloff

PRESIDENT

Total calculated

$0

Hours/week

2
Deirdre A SimonDEIRDRE A SIMON

SECRETARY/TREASURER

Total calculated

$0

Hours/week

1
Stephen Potter

Vice-President

Total calculated

$0

Hours/week

1
Albert D Angel

Director

Total calculated

$0

Hours/week

0.5
Alison Blood

Director

Total calculated

$0

Hours/week

1
Biff Bowman

Director

Total calculated

$0

Hours/week

0.5
Brad F England

Director

Total calculated

$0

Hours/week

1
Coreen Hester

Head of School

Total calculated

$457,106

From this org

$452,883

From related orgs

$0

Other

$4,223

Hours/week

40

Schedule J breakdown matched by us

Base

$448,969

Bonus

$0

Other

$3,914

Deferred

$4,223

Nontaxable benefits

$0

Filer's total

$457,106
Derek Bandeen

Director

Total calculated

$0

Hours/week

0.5
Erin Roth

Chair of Trust Board

Total calculated

$0

Hours/week

0.5
Jacques Soenens

Director

Total calculated

$0

Hours/week

0.5
Janet Newkirk

Director

Total calculated

$0

Hours/week

1
John Edwards

Director

Total calculated

$0

Hours/week

0.5
John R Farmer

Director

Total calculated

$0

Hours/week

0.5
Linda Ely

Director

Total calculated

$0

Hours/week

1
Lisa Bennett

Director

Total calculated

$0

Hours/week

0.5
Lori FieldsLORI FIELDS

DIRECTOR

Total calculated

$0

Hours/week

1
Margaret Grandy

Director

Total calculated

$0

Hours/week

1
Michael Spies

Director (through Apr 2023)

Total calculated

$0

Hours/week

1
Susan Wilen

Director

Total calculated

$0

Hours/week

0.5
Timothy Craighead

Director

Total calculated

$0

Hours/week

1
William A Obenshain

Director

Total calculated

$0

Hours/week

0.5
William C Mules

Director

Total calculated

$0

Hours/week

0.5
William Scheffler

Director

Total calculated

$0

Hours/week

0.5
Devan Ganeshananthan

High School Principal

Total calculated

$278,209

From this org

$253,220

From related orgs

$0

Other

$24,989

Hours/week

40

Schedule J breakdown matched by us

Base

$251,962

Bonus

$0

Other

$1,258

Deferred

$24,989

Nontaxable benefits

$0

Filer's total

$278,209
Peter LutkoskiPETER LUTKOSKI

Middle School Principal

Total calculated

$263,929

From this org

$240,272

From related orgs

$0

Other

$23,657

Hours/week

40

Schedule J breakdown matched by us

Base

$239,086

Bonus

$0

Other

$1,186

Deferred

$23,657

Nontaxable benefits

$0

Filer's total

$263,929
Sacha Franzen

Lower School Principal

Total calculated

$329,058

From this org

$310,164

From related orgs

$0

Other

$18,894

Hours/week

40

Schedule J breakdown matched by us

Base

$306,443

Bonus

$0

Other

$3,721

Deferred

$18,894

Nontaxable benefits

$0

Filer's total

$329,058
Sarah E Donovan

Director of teaching and learning (Through August 2022)

Total calculated

$268,324

From this org

$257,616

From related orgs

$0

Other

$10,708

Hours/week

40

Schedule J breakdown matched by us

Base

$110,538

Bonus

$0

Other

$147,078

Deferred

$10,708

Nontaxable benefits

$0

Filer's total

$268,324
Siofra Rucker

Director of Advancement

Total calculated

$259,757

From this org

$236,491

From related orgs

$0

Other

$23,266

Hours/week

40

Schedule J breakdown matched by us

Base

$234,705

Bonus

$0

Other

$1,786

Deferred

$23,266

Nontaxable benefits

$0

Filer's total

$259,757
Robin Appleby

Former Head of School

Total calculated

$742,374

From this org

$638,080

From related orgs

$0

Other

$104,294

Hours/week

40

Schedule J breakdown matched by us

Base

$315,453

Bonus

$0

Other

$322,627

Deferred

$4,294

Nontaxable benefits

$100,000

Filer's total

$742,374

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
4a · Severance or change-of-control payment

Answered no

4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use: Robin Appleby, Head of School, is contractually obligated to live in the house provided to the Head of School on the school's land. The value of this housing was $100,000 in calendar year 2022.
Schedule J, Part I, Line 4a Severance or change-of-control payment: During the tax year, severance of $315,683 was paid to Robin Appleby, $146,746 was paid to SARAH E. DONOVAN. The amounts are reported in Part II, Column B(iii).
Schedule J, Part II COMPENSATION TO SECONDED EMPLOYEES: The individuals listed in Schedule J, Part II are compensated by the Foundation for services to the American School in London, where such employees have been seconded. The titles included with each individual references to their role with the School, not the Foundation.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

THE AMERICAN SCHOOL IN LONDON FOUNDATION (UK)

Support ASL Educational Trust Limited · UK · income $5,690,766 · assets $1,869,316

Directly controlled by AMERICAN SCHOOL IN LONDON FOUNDATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 19 March 2024
IRS schema version: 2022v5.0
Source object: 202430799349300613

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