College Year In Athens Inc
- Assets
- $6.1m
- Revenue
- $2.3m
- Investments
- $89.1k
- Employees
- 10
- Location
- Cambridge, MA
- Founding
- 07/1998
- Data as of
- 06/2021
- EIN
- 04-2374513
Organization Overview
College Year In Athens Inc is located in Cambridge, MA. The organization was established in 1998. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, College Year In Athens Inc employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. College Year In Athens Inc 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, College Year In Athens Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 6 years. 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
RUNNING EDUCATIONAL PROGRAMS IN GREECE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM OF COURSES IN GREEK AND EAST MEDITERRANEAN STUDIES FOR NORTH AMERICAN COLLEGE LEVEL STUDENTS. SERVICED 167 STUDENTS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Phylactopoulos Vice Chairman | OfficerTrustee | 40 | $254,620 |
Cornelia Mayer Herzfeld Recording Secretary | Officer | 3 | $28,526 |
Costas Petropoulos Assistant Treasurer | OfficerTrustee | 0.5 | $0 |
K Chris Todd Chairman | OfficerTrustee | 4 | $0 |
Peter S Allen Treasurer | OfficerTrustee | 4 | $0 |
Daphne Hatsopoulos Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,019 |
| Total Program Service Revenue | $1,722,924 |
| Investment income | $2,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,268,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $278,543 |
| Compensation of current officers, directors, key employees. | $278,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,305 |
| Payroll taxes | $32,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,354 |
| Fees for services: Accounting | $32,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,670 |
| Advertising and promotion | $27,260 |
| Office expenses | $164,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,103 |
| Travel | $25,024 |
| 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 | $0 |
| Insurance | $164,666 |
| All other expenses | $0 |
| Total functional expenses | $1,718,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,894 |
| Savings and temporary cash investments | $5,015,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,168 |
| 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 | $180,746 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $89,148 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $570,755 |
| Total assets | $6,112,559 |
| Accounts payable and accrued expenses | $79,422 |
| Grants payable | $0 |
| Deferred revenue | $212,940 |
| 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 | $96,000 |
| Other liabilities | $0 |
| Total liabilities | $388,362 |
| Net assets without donor restrictions | $5,499,589 |
| Net assets with donor restrictions | $224,608 |
| 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 | $6,112,559 |
Grants Awarded
Over the last fiscal year, College Year In Athens Inc has awarded $678,374 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $227,952 |
Cambridge, MA PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $227,952 |
THE GEORGE PHYLACTOPOULOUS FOUNDATION PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $111,235 |
THE GEORGE PHYLACTOPOULOUS FOUNDATION PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $111,235 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that College Year In Athens Inc has recieved totaling $103,000.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $68,000 |
Rob And Melani Walton Foundation Bentonviille, AR PURPOSE: MEMORIAL SCHOLARSHIP | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $45,042 |
| Earnings | $846 |
| Grants | $846 |
| Ending Balance | $45,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Afs-Usa Inc New York, NY | $16,942,442 | $16,772,784 |
American Academy In Rome New York, NY | $156,286,917 | $13,968,918 |
Alexander Muss Institute For Israel Education Inc Rockville Centre, NY | $21,964,723 | $9,700,291 |
Onward Israel Usa Inc New York, NY | $2,215,370 | $5,939,234 |
Showa Boston Institute For Language And Culture Jamaica Plain, MA | $39,110,971 | $10,562,824 |
Afs Intercultural Programs Inc New York, NY | $14,241,646 | $12,687,356 |
Egyptian-American Enterprise Fund New York, NY | $169,845,703 | $41,150,119 |
International Student Exchange Inc Bay Shore, NY | $14,840,965 | $6,979,556 |
Insead North America Inc Valhalla, NY | $10,753,709 | $6,277,643 |
Program Of Academic Exchange Port Chester, NY | $4,242,998 | $6,723,504 |
School Year Abroad Inc North Andover, MA | $31,777,579 | $4,148,421 |
Urban Assembly Inc New York, NY | $3,965,114 | $5,718,202 |