SCHOOL YEAR ABROAD INC

EIN: 042589375 501(c)(3) International Affairs

NORTH ANDOVER, MA

Total Revenue
$13,625,712
Total Expenses
$12,250,561
Total Assets
$48,418,465
Net Assets
$44,702,122
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MA
Principal Officer
MICHAEL MCCARTHY
Phone
9787256828
Tax Period
2024-07-01 to 2025-06-30

SCHOOL YEAR ABROAD INC, founded in 1965, is a mid-sized nonprofit in the International Affairs sector that reported $13.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $12.3M left a modest 10% surplus.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES TO HIGH SCHOOL STUDENTS THAT ALLOW THEM TO LIVE AND STUDY ABROAD

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,602,953
Program Service Revenue $10,811,741
Investment Income $1,211,018
Other Revenue $0
TOTAL REVENUE $13,625,712

Expense Breakdown

Grants Paid $2,886,996
Salaries & Benefits $5,181,438
Fundraising Expenses $813,195
Program Expenses $8,723,920
Other Expenses $4,182,127
TOTAL EXPENSES $12,250,561

Year-over-Year Comparison

2024 2023 Change
Revenue $13,625,712 $14,751,719 -0.1%
Expenses $12,250,561 $11,976,463 +0.0%
Net Income $1,375,151 $2,775,256 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
19
Employees
39
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$675,685
Total Directors
20
$443,426
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED RAMSEY TRUSTEE 2.00
Director
$0 $0 $0
ANNE STAVNEY TRUSTEE 2.00
Director
$0 $0 $0
BRYAN SIMMONS TRUSTEE 2.00
Director
$0 $0 $0
DARCY MCLEAN TRUSTEE 2.00
Director
$0 $0 $0
DAVID MCKEAN TRUSTEE 2.00
Director
$0 $0 $0
DONALD AUSTIN TRUSTEE 2.00
Director
$0 $0 $0
HOLLAND GOSS LYNCH CHAIR 5.00
Officer Director
$0 $0 $0
JIM VENTRE TRUSTEE 2.00
Director
$0 $0 $0
JULIAN FU TRUSTEE 2.00
Director
$0 $0 $0
JULIANNE PUENTE TRUSTEE 2.00
Director
$0 $0 $0
NAHIN JORGGE TRUSTEE 2.00
Director
$0 $0 $0
PETER KIRBY TRUSTEE 2.00
Director
$0 $0 $0
RUSSELL SHAW TRUSTEE 2.00
Director
$0 $0 $0
STEVE WERBER TRUSTEE 2.00
Director
$0 $0 $0
TAYLOR RUGGLES TRUSTEE 2.00
Director
$0 $0 $0
DENNIS MANNING TRUSTEE 2.00
Director
$0 $0 $0
TOM HASSAN PRESIDENT 50.00
Officer Director
$375,581 $67,845 $443,426
ANNE-CARMENE ALMONORD TRUSTEE 2.00
Director
$0 $0 $0
ANNE MORRISSEY TRUSTEE 2.00
Director
$0 $0 $0
BRITTANY TOSCANO GORE TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL MCCARTHY CFO 50.00
Officer
$167,513 $64,746 $232,259
ERIN ERICSON DIRECTOR OF DEVELOPMENT 50.00
Highest
$123,374 $33,440 $156,814
RACHEL KEEGAN DIRECTOR OF ADMISSIONS 50.00
Highest
$164,740 $48,686 $213,426
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,625,712 $12,250,561 $48,418,465 $1,375,151
2024 No data No data No data No data
2023 $14,932,700 $11,689,429 $39,940,860 $3,243,271
2022 $14,077,338 $10,404,264 $33,320,885 $3,673,074
2021 $4,148,421 $5,028,869 $31,777,579 $-880,448
2020 $11,544,659 $12,415,129 $27,641,329 $-870,470
2019 $17,068,487 $13,417,924 $30,813,013 $3,650,563
2018 $15,690,513 $13,224,177 $26,748,244 $2,466,336
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