The American College Of Greece
- Assets
- $67.4m
- Revenue
- $58.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 02/1964
- Data as of
- 06/2021
- EIN
- 04-2306054
Organization Overview
The American College Of Greece is located in Boston, MA. The organization was established in 1964. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, American College Of Greece employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Greece is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American College Of Greece generated $58.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $60.3m during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN COLLEGE OF GREECE IS AN INDEPENDENT, NOT FOR PROFIT, (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDING 6/30/21, 3,763 STUDENTS ATTENDED THE UNDERGRADUATE PROGRAM AND 386 GRADUATED WITH DIPLOMAS. THE GRADUATE SCHOOL AT DEREE HAD 392 STUDENTS ENROLLED OF WHOM 101 GRADUATED WITH ADVANCED DEGREES AND THE ALBA GRADUATE BUSINESS SCHOOL HAD 644 STUDENTS ENROLLED OF WHOM 340 GRADUATED WITH ADVANCED DEGREES. THE HIGH SCHOOL (ACTUALLY GRADES 7 TO 12) HAD 1,577 STUDENTS OF WHOM 229 GRADUATED. THE AMERICAN COLLEGE OF GREECE (ACG) ALSO OFFERED WELL-ATTENDED CONTINUING EDUCATION AND CULTURAL EVENTS FOR THE COMMUNITY IN WHICH IT OPERATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David G Horner President | Officer | 35 | $264,917 |
Nikolaos Travlos Professor, Finance (thru 09/2020) | 40 | $246,031 | |
Konstantinos Axarloglou Dean Of Alba Grad. Bus. School | 40 | $160,504 | |
Thimios D Zaharopoulos Provost | Officer | 40 | $145,448 |
Iliana Lazana Senior VP Of Admin & Pierce | 40 | $119,357 | |
Dr Anna Triantafillou Dean Of School Of Bus. & Econ. | 40 | $102,043 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Open Univ Accreditation | 6/29/21 | $876,855 |
Univ Media Advertizing Hellas Sa Advertising | 6/29/21 | $866,978 |
Simou E Mon Epe Travel Agency | 6/29/21 | $656,692 |
Unison Facility Services Sa Cleaning Service | 6/29/21 | $579,748 |
Michigan State University Certification | 6/29/21 | $309,517 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,933,079 |
| Noncash contributions included in lines 1a–1f | $701,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,061,740 |
| Total Program Service Revenue | $55,561,096 |
| Investment income | $18,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,397 |
| Net Gain/Loss on Asset Sales | -$10,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,892,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,768,325 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $426,324 |
| Compensation of current officers, directors, key employees. | $426,324 |
| Compensation to disqualified persons | $24,857,261 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,138,859 |
| Payroll taxes | $5,397,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $288,190 |
| Fees for services: Accounting | $43,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,089,104 |
| Advertising and promotion | $2,227,016 |
| Office expenses | $1,224,359 |
| Information technology | $827,972 |
| Royalties | $0 |
| Occupancy | $2,279,582 |
| Travel | $229,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,195,684 |
| Insurance | $475,328 |
| All other expenses | $1,167,191 |
| Total functional expenses | $60,338,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,003 |
| Savings and temporary cash investments | $17,315,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,143,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,081,273 |
| Net Land, buildings, and equipment | $39,513,239 |
| Investments—publicly traded securities | $590,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $642,830 |
| Total assets | $67,377,188 |
| Accounts payable and accrued expenses | $6,279,739 |
| Grants payable | $0 |
| Deferred revenue | $8,587,537 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,819,890 |
| Total liabilities | $17,687,166 |
| Net assets without donor restrictions | $34,158,073 |
| Net assets with donor restrictions | $15,531,949 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,377,188 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The American College Of Greece has recieved totaling $902,080.
| Awarding Organization | Amount |
|---|---|
Profesta Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $775,075 |
Georg & Judy Marcus Family Foundation Palo Alto, CA PURPOSE: GENERAL FUND | $100,000 |
N Demos Foundation Inc Chicago, IL PURPOSE: FUNDS TOWARD DEMOS SCHOLARSHIPS | $18,000 |
Trust U/W Charles C Ely Pittsburgh, PA PURPOSE: EDUCATIONAL | $8,000 |
Franklin And Alice Hoyt Charitable Foundation Wilmington, DE PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $28,394,697 |
| Earnings | $3,204,186 |
| Net Contributions | $582,809 |
| Grants | $263,050 |
| Ending Balance | $31,918,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Aids Vaccine Initiative Inc New York, NY | $107,049,023 | $126,352,598 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |
World Education Inc Boston, MA | $10,873,421 | $51,800,410 |