Skip to content
Nonprofiteer
← AMERICAN SCHOOL IN LONDON FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN SCHOOL IN LONDON FOUNDATION.

Totals

Total revenue
$20,360,635
Total expenses
$20,502,148
Contributions and grants received
$2,518,268
Grants paid
$2,434,463
Program service revenue
$17,839,333
Investment income
$3,034
Other revenue
$0
Total assets, end of year
$2,372,006
Total liabilities, end of year
$1,628,272
Net assets or fund balances, end of year
$743,734
Program services expenses (Part IX)
$19,273,131
Management and general expenses
$959,276
Fundraising expenses
$269,741
Program service expenses (Part III)
$19,273,131

Program services were 94.0% 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

    $2,518,268

  • 1g · Noncash contributions included above

    $32,853

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

    total $17,839,333 · related or exempt $17,839,333

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $3,034 · excluded $3,034

  • 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 $2,434,463 · program services $2,434,463

  • 5 · Compensation of officers, directors and key employees

    total $576,766 · management and general $576,766

  • 6 · Compensation of disqualified persons

    total $326,024 · program services $196,997 · management and general $129,027

  • 7 · Other salaries and wages

    total $15,167,377 · program services $14,915,286 · fundraising $252,091

  • 8 · Pension plan contributions

    total $1,477,776 · program services $1,460,126 · fundraising $17,650

  • 10 · Payroll taxes

    total $291,391 · program services $262,602 · management and general $28,789

  • 11b · Fees: legal

    total $20,633 · management and general $20,633

  • 11c · Fees: accounting

    total $79,375 · management and general $79,375

  • 11g · Fees: other

    total $54,799 · program services $0 · management and general $54,799 · fundraising $0

  • 13 · Office expenses

    total $19,407 · management and general $19,407

  • 23 · Insurance

    total $28,917 · program services $3,532 · management and general $25,385

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

    total $25,046 · management and general $25,046

  • 24b · Other expenses: Corporate Taxes

    total $125 · program services $125

  • 24c · Other expenses: COMMUNICATIONS, SUBSCRIptions

    total $49 · management and general $49

  • 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 $13,562 · end of year $654

  • 2 · Savings and temporary cash investments

    beginning of year $1,347,749 · end of year $394,165

  • 3 · Pledges and grants receivable

    beginning of year $643,319 · end of year $559,894

  • 4 · Accounts receivable

    beginning of year $1,215,652 · end of year $1,280,727

  • 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 $209,600 · end of year $136,566

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,340,472 · end of year $1,383,772

  • 18 · Grants payable

    beginning of year $203,000 · end of year $242,000

  • 19 · Deferred revenue

    beginning of year $0 · end 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 $886,410 · end of year $743,734

Mission and programs · 2023

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 $19,273,131 · Grants $2,434,463 · Revenue $17,839,333

As filed on the 2023 return.

Listed in Part VII

  • Deirdre A Simon

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jacques Soenens

    Vice President (Beginning March 2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Potter

    VP(through March 2024)/President (Beginning March 2024)

    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
    1

  • Barry M Sabloff

    President (through March 2024)/Director

    Total calculated
    $0
    Hours/week
    2

  • Biff Bowman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Brad F England

    Director

    Total calculated
    $0
    Hours/week
    1

  • Derek Bandeen

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Erin Roth

    Chair of Trust Board

    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 (through Mar 2024)

    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 Fields

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret Grandy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matt Horvat

    Head of School

    Total calculated
    $388,055
    From this org
    $290,162
    From related orgs
    $0
    Other
    $97,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,859
    Bonus
    $0
    Other
    $3,303
    Deferred
    $4,639
    Nontaxable benefits
    $93,254
    Filer's total
    $388,055

  • Susan J 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 L Scheffler

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anne RICHARDSON

    Director of Student Advising

    Total calculated
    $235,707
    From this org
    $215,383
    From related orgs
    $0
    Other
    $20,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,770
    Bonus
    $0
    Other
    $4,613
    Deferred
    $20,324
    Nontaxable benefits
    $0
    Filer's total
    $235,707

  • Mirangela Buggs

    Director of Institutional Equity

    Total calculated
    $256,585
    From this org
    $235,378
    From related orgs
    $0
    Other
    $21,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,593
    Bonus
    $0
    Other
    $1,785
    Deferred
    $21,207
    Nontaxable benefits
    $0
    Filer's total
    $256,585

  • Peter Lutkoski

    Middle School Principal

    Total calculated
    $273,175
    From this org
    $250,764
    From related orgs
    $0
    Other
    $22,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,529
    Bonus
    $0
    Other
    $1,235
    Deferred
    $22,411
    Nontaxable benefits
    $0
    Filer's total
    $273,175

  • Sacha Franzen

    Lower School Principal

    Total calculated
    $298,379
    From this org
    $272,182
    From related orgs
    $0
    Other
    $26,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,307
    Bonus
    $0
    Other
    $3,875
    Deferred
    $26,197
    Nontaxable benefits
    $0
    Filer's total
    $298,379

  • Siofra Rucker

    Director of Advancement

    Total calculated
    $266,610
    From this org
    $244,569
    From related orgs
    $0
    Other
    $22,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,708
    Bonus
    $0
    Other
    $1,861
    Deferred
    $22,041
    Nontaxable benefits
    $0
    Filer's total
    $266,610

  • Coreen Hester

    Former Head of School

    Total calculated
    $389,512
    From this org
    $294,616
    From related orgs
    $0
    Other
    $94,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,788
    Bonus
    $0
    Other
    $7,828
    Deferred
    $1,642
    Nontaxable benefits
    $93,254
    Filer's total
    $389,512

  • Robin Appleby

    Former Head of School

    Total calculated
    $318,136
    From this org
    $318,136
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $318,136
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $318,136

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 $186,508 and was split between Coreen Hester and Matt Horvat in calendar year 2023.
Schedule J, Part I, Line 4a Severance or change-of-control payment
During the tax year, severance of $318,136 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 $1,813,290 · assets $902,735

    Directly controlled by AMERICAN SCHOOL IN LONDON FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202521059349301932

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.