2024-10-08T02:17:26-05:00 2024-03-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-04-01 364253842 AMERICAN YOUTH HOSTELS - CHICAGO INC AMER 2406502100 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 20910 ANALIA CASTELO CFO 2406502100 2024-10-07 1 1 ZACHARY SEGAL P01511850 3016529100 2024-10-05 2023 2024-10-15 13:58:12Z HOSTELLING INTERNATIONAL - CHICAGO RUSSELL HEDGE 8455 COLESVILLE ROAD 1225 SILVER SPRING MD 20910 4835440 0 X WWW.HICHICAGO.ORG X 1998 IL SEE SCHEDULE O 5 2 0 58 0 0 0 0 5668117 4714481 1432 2924 106865 117620 5776414 4835025 0 0 0 0 0 0 0 0 0 4324183 5276495 4324183 5276495 1452231 -441470 15350680 14638894 3453638 3183322 11897042 11455572 X SEE SCHEDULE O 0 0 5102353 4747381 IN A TYPICAL YEAR, AYH CHICAGO HOSTS TRAVELERS FROM MORE THAN 80 COUNTRIES AND MORE THAN 90,000 GUEST STAY OVERNIGHTS ANNUALLY. THE HOSTEL IS PART OF THE AMERICAN YOUTH HOSTELS, INC. (AYH) NETWORK OF 14 HOSTELS NATIONWIDE. THE HOSTEL STAY CREATES THE ENVIRONMENT FOR CULTURAL EXCHANGE AND UNDERSTANDING AND IS FUNDAMENTAL TO ALL OTHER PROGRAMS WE OFFER. THE HOSTEL IS PURPOSELY DESIGNED WITH SPACES AND AMENITIES THAT BRING PEOPLE TOGETHER AND ENCOURAGE INTERACTION IN AN INCLUSIVE AND INVITING WAY. WE STRATEGICALLY DEVELOP AND USE SPACES TO DELIVER CULTURAL EXCHANGE THROUGH EXPERIENTIAL LEARNING TO OUR TRAVELER GUESTS AND COMMUNITY MEMBERS. AS TRAVELERS GET TO KNOW EACH OTHER, THEY DISCOVER THEIR SIMILARITIES AND DIFFERENCES, CHALLENGING STEREOTYPES AND SOCIAL BARRIERS, EXPAND WORLD VIEWS, AND HELP TO CREATE A MORE TOLERANT WORLD. 138272 GUEST LEARNING PROGRAMS: AYH CHICAGO DELIVERS EXPERIENTIAL LEARNING PROGRAMS AND ACTIVITIES IN THE HOSTEL TO ENGAGE AND FACILITATE THE SHARING OF CULTURAL PERSPECTIVES AMONG GUESTS, AND TO CONNECT GUESTS WITH THE LOCAL COMMUNITY. THROUGH VOLUNTEER FACILITATION GUESTS ARE GIVEN OPPORTUNITIES TO BETTER UNDERSTAND OTHER CULTURES, CREATE A SENSE OF SPACE AND CONNECTION TO LOCAL COMMUNITY AND REFLECT ON THEIR OWN PERSPECTIVES AND UNDERSTANDING, TAKING ACTIONS CONSISTENT WITH THEIR LEARNINGS. PROGRAM DESIGN IS ALIGNED WITH AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES (AACU) VALUE LEARNING RUBRICS IN THE DISCIPLINES OF INTERCULTURAL COMMUNICATION, CIVIC ENGAGEMENT AND GLOBAL CITIZENSHIP. EACH YEAR, IN ADDITION TO THE HOSTEL STAY PROGRAM, AYH CHICAGO TYPICALLY DELIVERS FACILITATED LEARNING PROGRAMS WITH PARTICIPANTS. NATIONWIDE SIGNATURE PROGRAMS: AYH CHICAGO PARTICIPATES IN NATIONAL SCOPE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR PEOPLE TO ENHANCE THEIR INTERCULTURAL UNDERSTANDING AND CONTRIBUTE TO A MORE TOLERANT WORLD. TRAVEL SCHOLARSHIP AWARDS GIVE 18 TO 30-YEAR OLD'S, WITH QUALFIEID FINANCIAL NEED, THE OPPORTUNITY TO ENGAGE IN EDUCATIONAL TRAVEL WITHIN THE USA AND AROUND THE WORLD. SAY HI FOR PEACE ENGAGES HOSTEL GUESTS AND COMMUNITY MEMBERS IN ACTIVITIES THAT CELEBRATE THE UNITED NATIONS INTERNATIONAL DAY OF PEACE AND EXPLORE HOW THEY CAN CONTRIBUTE TO A PEACEFUL SOCIETY. THE GREAT HOSTEL GIVE BACK PROGRAM OFFERS TO GROUPS OF SIX OR MORE PEOPLE AS AN OPPORTUNITY TO RECEIVE A FREE NIGHT'S STAY AT OUR HOSTELS DURING THE MONTHS OF JANUARY AND FEBRUARY FOR EACH DAY THEIR MEMBERS VOLUNTEER IN THE SURROUNDING COMMUNITY. IOU RESPECT BRINGS YOUNG PEOPLE TOGETHER FROM WESTERN AND MIDDLE EASTERN COUNTRIES INCLUDING THE US, GERMANY, FRANCE, TUNISIA, LEBANON AND EGYPT FOR TWO WEEK HOSTEL BASED INTENSIVE DIALOGUE, TRAVEL AND REFLECTION. THESE AND OTHER SIGNATURE PROGRAMS PROMOTE CROSS-CULTURAL EXCHANGE, MUTUAL UNDERSTANDING AND TOLERANCE. 5240625 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL MD X ANALIA CASTELO 2406509013 8455 COLESVILLE ROAD STE 1225 SILVER SPRING MD 20910 RUSSELL HEDGE PRESIDENT 3.00 43.00 X X 0 420187 53153 AARON CHAFFEE SECRETARY 1.00 40.00 X X 0 225262 19080 FREDERICA BROWNE OUTGOING 3.00 43.00 X X 0 198058 20251 CHARLES HOKANSON DIRECTOR 1.00 2.00 X 0 0 0 ERIN HAMANT DIRECTOR 1.00 3.00 X 0 0 0 ANALIA CASTELO CFO AS OF 3/24 3.00 43.00 X X 0 0 0 0 843507 92484 0 0 1 0 MEADE INDUSTRIES INC PO BOX 74631 CHICAGO IL 60197 ELECTRIC REPAIRS 825701 BOOKINGCOM PO BOX 414462 BOSTON MA 02241 ONLINE BOOKING SERVICE 268635 ADVANCED SECURITY 1645 BIRCHWOOD AVE DES PLAINES IL 60615 HOSTEL SECURITY SERVICES 169479 ANDERSON ELEVATOR CO 2801 S 19TH AVE BROADVIEW IL 60155 ELEVATOR MAINTENANCE 158693 PEOPLEREADY INC PO BOX 820145 PHILADELPHIA PA 19182 HOUSEKEEPING SERVICES 113549 5 HOSTEL STAY 721199 4714481 4714481 4714481 2924 2924 84391 0 84391 84391 84391 744 415 329 329 32900 32900 32900 4835025 4747381 0 87644 1960298 1960298 16230 16230 208331 204726 3605 145630 145630 49144 49144 345155 345155 16035 16035 481 481 172220 172220 671259 671259 145139 145139 HOSTEL SUPPLIES & MAINT 747672 747672 HOSTELLER BREAKFAST SER 164345 164345 BANK FEES 161426 161426 473130 473130 5276495 5240625 35870 0 1097819 939752 316668 449451 897388 797 340 28192 1158 21395747 11295339 10252618 10100408 3654586 2250397 15350680 14638894 108585 201407 312195 363253 3027908 2613712 4950 4950 3453638 3183322 X 11897042 11455572 11897042 11455572 15350680 14638894 -441470 0 X 0 1 X 1 0 X 4635961 101360 2092855 5668117 4714481 17212774 64249 64249 4700210 101360 2092855 5668117 4714481 17277023 0 0 0 17277023 102286 52430 82095 81029 87315 405155 102286 52430 82095 81029 87315 405155 11673 2707 9714 27268 33229 84591 4814169 156497 2184664 5776414 4835025 17766769 0.97240 0.96990 0.02280 0.02660 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 11,673. 2020 AMOUNT: $ 2,707. 2021 AMOUNT: $ 9,714. 2022 AMOUNT: $ 25,497. 2023 AMOUNT: $ 32,900. INVENTORY - 2022 AMOUNT: $ 1,771. 2023 AMOUNT: $ 329. 1500000 1500000 15194074 8565655 6628419 2357927 1355173 1002754 2343746 1374511 969235 10100408 DUE FROM AYH 2250397 2250397 TENANT DEPOSITS 4950 4950 X 4835440 0 4835440 -415 -415 4835025 5276910 0 5276910 -415 -415 5276495 PART X, LINE 2: THE HOSTEL HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HOSTEL IS SUBJECT TO INCOME TAXES ON REVENUE GENERATED FROM OTHER SOURCES UNRELATED TO ITS EXEMPT PURPOSE. DUE TO ITS TAX-EXEMPT STATUS, THE HOSTEL IS NOT SUBJECT TO INCOME TAXES AND DOES NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MARCH 31, 2024 AND 2023. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE HOSTEL HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE HOSTEL ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO OTHER TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE HOSTEL AND HAS DETERMINED THAT AS OF MARCH 31, 2024, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -415. PART XII, LINE 4B - OTHER ADJUSTMENTS: COGS -415. 0 0 0 0 0 0 0 1 0 RUSSELL HEDGE PRESIDENT 0 367813 0 20000 0 32374 0 9900 0 43253 0 473340 0 0 AARON CHAFFEE SECRETARY 0 211148 0 13250 0 864 0 6367 0 12713 0 244342 0 0 FREDERICA BROWNE OUTGOING 0 187434 0 8250 0 2374 0 5753 0 14498 0 218309 0 0 PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENT BONUSES. STAFF COMPENSATION IS SET PRIMARILY BASED ON MARKET STUDIES PERFORMED FOR POSITIONS IN OUR VARIOUS LOCATIONS, WHILE ALSO TAKING INTO ACCOUNT INTERNAL EQUITY. BEYOND BASE COMPENSATION, ADDITIONAL COMPENSATION MAY BE GIVEN IN THE FORM OF END OF YEAR GIFTS TO ALL STAFF, OR BONUSES FOR SELECT STAFF. THESE FORMS OF ADDITIONAL COMPENSATION ARE AT THE DISCRETION OF THE CEO. CEO BASE COMPENSATION IS SET BY THE BOARD FOLLOWING A PERIODIC MARKET STUDY CONDUCTED BY AN INDEPENDENT 3RD PARTY. ANY ADDITIONAL BONUS COMPENSATION IS AT THE DISCRETION OF THE BOARD AND IS DETERMINED FOLLOWING AN EVALUATION OF CEO PERFORMANCE FOR THE PRECEDING FISCAL YEAR. PART III THE CEO OF AMERICAN YOUTH HOSTELS, INC. SERVES ON THE BOARD OF DIRECTORS OF THIS ENTITY, HOWEVER THE CEO COMPENSATION IS DETERMINED BY A RELATED ENTITY, AMERICAN YOUTH HOSTELS, INC. FORM 990, PART I, LINE 1, AYH CHICAGO PROMOTES A DEEPER UNDERSTANDING OF PEOPLE, PLACES AND CULTURES TO ADVANCE A MORE TOLERANT WORLD THROUGH THE HOSTEL STAY, LEARNING PROGRAMS AND PARTICIPATION IN NATIONWIDE SIGNATURE PROGRAMS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: OUR MISSION IS "TO HELP ALL, ESPECIALLY THE YOUNG, GAIN A GREATER UNDERSTANDING OF THE WORLD AND ITS PEOPLE THROUGH HOSTELLING." IN THE HOSTEL, LEARNING PROGRAMS AND PARTICIPATION IN NATIONWIDE SIGNATURE PROGRAMS, WE BRING PEOPLE TOGETHER FROM DIVERSE BACKGROUNDS TO CREATE INTERACTION, DIALOGUE AND RELATIONSHIPS THAT IMPROVE CULTURAL UNDERSTANDING AND CREATE A MORE TOLERANT WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF AMERICAN YOUTH HOSTELS, INC. PRIOR TO ITS FILING. THE AUDIT COMMITTEE MEETS WITH THE CFO AND CONTROLLER, AND THE ORGANIZATION'S AUDITORS AND TAX ACCOUNTANTS TO REVIEW AND DISCUSS THE AUDIT AND THE 990 FORM. THE AUDIT COMMITTEE THEN BRINGS A MOTION BEFORE THE BOARD OF DIRECTORS OF AMERICAN YOUTH HOSTELS, INC. TO ACCEPT THE AUDIT AND THE FILING OF THE 990 FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HELPS ENSURE THAT ALL INSTITUTIONAL DECISIONS ARE MADE SOLELY TO PROMOTE THE BEST INTERESTS OF AMERICAN YOUTH HOSTELS, INC. AND ITS AFFILIATED ENTITIES, WITHOUT FAVOR OR PREFERENCE BASED ON PERSONAL CONSIDERATIONS, AND TO PROMOTE THE HIGHEST ETHICAL CONDUCT IN ALL TRANSACTIONS. ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE COMPLETES AND SIGNS A DISCLOSURE FORM TO DESCRIBE TRANSACTIONS AND RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OR THE APPEARANCE THEREOF. AN UPDATED CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS IN MARCH 2023, WHICH PROVIDES FOR THE AUDIT COMMITTEE TO REVIEW EACH DISCLOSURE FORM FILED BY EACH OFFICER, DIRECTOR AND KEY EMPLOYEE, AND TAKE APPROPRIATE ACTION TO ENSURE FULL TRANSPARENCY AND THAT THE HIGHEST ETHICAL STANDARD IS IN PLACE FOR ALL TRANSACTIONS AND/OR RELATIONSHIPS. THE GOAL IS TO PERMIT HI USA TO MANAGE CONFLICTING INTERESTS SUCCESSFULLY AND TO REACH OPTIMUM DECISIONS WITH KNOWLEDGE OF THE CONFLICTS. ACCORDINGLY, SO LONG AS TRANSACTIONS ARE DISCLOSED BY BOARD MEMBERS TO THE HI USA BOARD OF DIRECTORS; BY COMMITTEE MEMBERS TO THE RELEVANT HI USA COMMITTEE; AND/OR BY EMPLOYEES OR VOLUNTEERS TO HI USA SENIOR MANAGEMENT; AND THE TRANSACTIONS ARE BELIEVED TO BE IN THE BEST INTERESTS OF HI USA, THEY MAY LAWFULLY BE UNDERTAKEN. FORM 990, PART VI, SECTION B, LINE 15 FOR BOARD MEMBERS OF THIS ENTITY LISTED ON PART VII THAT ARE ALSO EMPLOYEES OF AMERICAN YOUTH HOSTELS, INC., THE USE OF INDEPENDENT COMPENSATION REVIEWS, COMPARABLE DATA, AND REGULAR ANNUAL PERFORMANCE REVIEWS DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION FOR THESE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE ORGANIZATION VIA EMAIL, TELEPHONE OR MAIL AT: AMERICAN YOUTH HOSTELS - CHICAGO INC. ATTENTION: VP OF FINANCE 8455 COLESVILLE ROAD, SUITE 1225 SILVER SPRING, MD 20910 (240) 650-2100 FINANCE@HIUSA.ORG FORM 990, PART IX, LINE 11 AYH CHICAGO, INC SHARES EMPLOYEES WITH AMERICAN YOUTH HOSTELS, INC. THE EMPLOYEES ARE PAID OUT OF AMERICAN YOUTH HOSTELS, INC. AYH CHICAGO, INC REIMBURSES AMERICAN YOUTH HOSTELS, INC FOR THOSE EXPENSES. AMERICAN YOUTH HOSTELS INC 8455 COLESVILLE RD - SUITE 1225 SILVER SPRING MD 20910 135639689 HOSTELLING NY 501(C)(3) LINE 10 N/A 0 AYH BOSTON HOSTEL INC 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 20910 271079973 HOSTELLING MA 501(C)(3) LINE 10 AYH 0 INDEPENDENT AFFILIATE HOSTELS INC 8455 COLESVILLE ROAD SUITE 1225 SILVER SPRING MD 20910 822136644 RENTAL OF PROPERTY DE N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0