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← AMERICAN SCHOOL IN LONDON FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN SCHOOL IN LONDON FOUNDATION.

Totals

Total revenue
$22,242,570
Total expenses
$22,195,286
Contributions and grants received
$3,868,008
Grants paid
$3,605,842
Program service revenue
$18,359,999
Investment income
$14,563
Other revenue
$0
Total assets, end of year
$3,632,900
Total liabilities, end of year
$2,839,891
Net assets or fund balances, end of year
$793,009
Program services expenses (Part IX)
$21,112,873
Management and general expenses
$816,277
Fundraising expenses
$266,136
Program service expenses (Part III)
$21,112,873

Program services were 95.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,868,008

  • 1g · Noncash contributions included above

    $35,959

  • 2a · Program service revenue: MANAGEMENT FEE - EDUCATION

    total $18,356,137 · related or exempt $18,356,137

  • 2b · Program service revenue: ALUMNI EVENT REGISTRATION FEES

    total $3,862 · related or exempt $3,862

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14,563 · excluded $14,563

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 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 $3,605,842 · program services $3,605,842

  • 5 · Compensation of officers, directors and key employees

    total $574,627 · management and general $574,627

  • 6 · Compensation of disqualified persons

    total $58,000 · program services $58,000

  • 7 · Other salaries and wages

    total $15,920,243 · program services $15,654,107 · fundraising $266,136

  • 8 · Pension plan contributions

    total $1,533,295 · program services $1,533,295

  • 10 · Payroll taxes

    total $277,552 · program services $258,047 · management and general $19,505

  • 11b · Fees: legal

    total $18,804 · management and general $18,804

  • 11c · Fees: accounting

    total $77,401 · management and general $77,401

  • 11g · Fees: other

    total $63,929 · program services $0 · management and general $63,929 · fundraising $0

  • 13 · Office expenses

    total $15,395 · management and general $15,395

  • 23 · Insurance

    total $28,859 · program services $3,532 · management and general $25,327

  • 24a · Other expenses: PENSION/PAYROLL PROCESSING FEES

    total $21,249 · program services $0 · management and general $21,249 · fundraising $0

  • 24b · Other expenses: Corporate Taxes

    total $50 · program services $50 · management and general $0 · fundraising $0

  • 24c · Other expenses: COMMUNICATIONS, SUBSCRIptions

    total $40 · program services $0 · management and general $40 · fundraising $0

  • 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 $654 · end of year $17,912

  • 2 · Savings and temporary cash investments

    beginning of year $394,165 · end of year $1,615,178

  • 3 · Pledges and grants receivable

    beginning of year $559,894 · end of year $613,996

  • 4 · Accounts receivable

    beginning of year $1,280,727 · end of year $1,267,719

  • 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 $136,566 · end of year $118,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,383,772 · end of year $2,409,891

  • 18 · Grants payable

    beginning of year $242,000 · end of year $430,000

  • 19 · Deferred revenue

    beginning of year $2,500

  • 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 $743,734 · end of year $655,837

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $137,172

Mission and programs · 2024

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, ATHLETIC, ARTS, CULTURAL, AND COMMUNITY ENRICHMENT PROGRAMS, AND (D) SUPPORT FOR FACILIITES AND EQUIPMENT.

    Expenses $21,112,873 · Grants $3,605,842 · Revenue $18,359,999

As filed on the 2024 return.

Listed in Part VII

  • Deirdre A Simon

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Jacques Soenens

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Stephen Potter

    President

    Total calculated
    $0
    Hours/week
    2
  • Albert D Angel

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Alison Blood

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Barry M Sabloff

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Biff Bowman

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Bob Diamond

    DIRECTOR (Beginning October 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Brad F England

    Director (Through November 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Derek Bandeen

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Hahnah Seminara

    CHAIR OF TRUST BOARD

    Total calculated
    $0
    Hours/week
    0.5
  • Janet Newkirk

    Director (Through November 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • John Edwards III

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • John Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Linda Ely

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Lisa Bennett

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Lori Fields

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Margaret Grandy

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Margaret Pringle

    DIRECTOR (BEGINNING MARCH 2025)

    Total calculated
    $0
    Hours/week
    0.5
  • Mary Marsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Matt Horvat

    Head of School

    Total calculated
    $646,584
    From this org
    $583,677
    From related orgs
    $0
    Other
    $62,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $568,390
    Bonus
    $0
    Other
    $15,287
    Deferred
    $8,752
    Nontaxable benefits
    $54,155
    Filer's total
    $646,584
  • Susan J Wilen

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Timothy Craighead

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • William A Obenshain

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • William C Mules

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • William L Scheffler

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • William Tucker

    DIRECTOR (BEGINNING MARCH 2025)

    Total calculated
    $0
    Hours/week
    0.5
  • Mirangela Buggs

    Director of Institutional Equity

    Total calculated
    $275,505
    From this org
    $251,867
    From related orgs
    $0
    Other
    $23,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,335
    Bonus
    $0
    Other
    $3,532
    Deferred
    $23,638
    Nontaxable benefits
    $0
    Filer's total
    $275,505
  • Peter Lutkoski

    Middle School Principal

    Total calculated
    $288,903
    From this org
    $263,922
    From related orgs
    $0
    Other
    $24,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,615
    Bonus
    $0
    Other
    $1,307
    Deferred
    $24,981
    Nontaxable benefits
    $0
    Filer's total
    $288,903
  • Rebekah Westphal

    Dean of Admissions

    Total calculated
    $286,493
    From this org
    $260,929
    From related orgs
    $0
    Other
    $25,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,636
    Bonus
    $0
    Other
    $1,293
    Deferred
    $25,564
    Nontaxable benefits
    $0
    Filer's total
    $286,493
  • Sacha Franzen

    Lower School Principal

    Total calculated
    $319,843
    From this org
    $291,740
    From related orgs
    $0
    Other
    $28,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,640
    Bonus
    $0
    Other
    $4,100
    Deferred
    $28,103
    Nontaxable benefits
    $0
    Filer's total
    $319,843
  • Siofra Rucker

    Director of Advancement

    Total calculated
    $284,563
    From this org
    $259,995
    From related orgs
    $0
    Other
    $24,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,026
    Bonus
    $0
    Other
    $1,969
    Deferred
    $24,568
    Nontaxable benefits
    $0
    Filer's total
    $284,563
  • Robin Appleby

    Former Head of School

    Total calculated
    $58,000
    From this org
    $58,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $58,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $58,000

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
The 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 $54,155.
Schedule J, Part I, Line 4a Severance or change-of-control payment
During the tax year, severance of $58,000 was paid to Robin Appleby. The amount is 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 $2,408,694 · assets $1,347,103

    Directly controlled by AMERICAN SCHOOL IN LONDON FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
17 March 2026
IRS schema version
2024v5.1
Source object
202630769349300423

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