Thessalonica Agricultural & Industrial Institute
- Assets
- $90.6m
- Revenue
- $11.6m
- Investments
- $34.7k
- Employees
- 16
- Location
- New York, NY
- Founding
- 11/1953
- Data as of
- 06/2021
- EIN
- 13-1624206
Organization Overview
Thessalonica Agricultural & Industrial Institute is located in New York, NY. The organization was established in 1953. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Thessalonica Agricultural & Industrial Institute employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thessalonica Agricultural & Industrial Institute 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, Thessalonica Agricultural & Industrial Institute generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $14.3m during the year ending 06/2021. 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
EDUCATE YOUTH/ADULTS TO BECOME ACCOMPLISHED IN ASPECTS OF AGRICULTURE/ ECOLOGY & LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY ENTERPRISES PROGRAM - SEE SCHEDULE O.
THE SECONDARY SCHOOL - SEE SCHEDULE O.
OTHER PROGRAM SERVICES - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Panos Kanellis President | Officer | 45 | $308,243 |
Laura Sommers Finance Officer | 40 | $100,275 | |
Frances Manthos Vice Chairman | OfficerTrustee | 2 | $0 |
George Milonas Vice Chairman | OfficerTrustee | 2 | $0 |
Vicki Kyriakos Vice Chairman | OfficerTrustee | 2 | $0 |
Sophia S Hartch Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belnap Legal | 6/29/21 | $213,081 |
Anagnostopouloi Sa Trade And Production Of Plastics | 6/29/21 | $127,000 |
Dimitriaki Sa Agricultural Products | 6/29/21 | $219,864 |
Sogia Hellas Sa Trade Of Veterinary Products Company/ani | 6/29/21 | $201,594 |
Lamprianidis -Agrointech Imports/techical Company | 6/29/21 | $187,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,420,467 |
| Noncash contributions included in lines 1a–1f | $235,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,860,258 |
| Total Program Service Revenue | $5,920,551 |
| Investment income | $495,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,971,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,606,738 |
| 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 | $506,251 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $514,444 |
| Compensation of current officers, directors, key employees. | $84,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,333,030 |
| Pension plan accruals and contributions | $25,305 |
| Other employee benefits | $204,479 |
| Payroll taxes | $1,070,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $484,291 |
| Fees for services: Accounting | $361,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,692 |
| Fees for services: Other | $437,041 |
| Advertising and promotion | $164,787 |
| Office expenses | $98,391 |
| Information technology | $137,471 |
| Royalties | $0 |
| Occupancy | $489,005 |
| Travel | $139,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,461 |
| Interest | $139,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,789,052 |
| Insurance | $70,283 |
| All other expenses | $14,000 |
| Total functional expenses | $14,312,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $1,727,946 |
| Pledges and grants receivable | $4,049,694 |
| Accounts receivable, net | $2,352,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $355,761 |
| Prepaid expenses and deferred charges | $184,385 |
| Net Land, buildings, and equipment | $36,791,894 |
| Investments—publicly traded securities | $45,111,629 |
| Investments—other securities | $34,660 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,609,236 |
| Accounts payable and accrued expenses | $12,665,923 |
| Grants payable | $0 |
| Deferred revenue | $282,873 |
| 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 | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,551,386 |
| Total liabilities | $21,000,182 |
| Net assets without donor restrictions | $46,798,621 |
| Net assets with donor restrictions | $22,810,433 |
| 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 | $90,609,236 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thessalonica Agricultural & Industrial Institute has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: INTERNATIONAL RELATIONS | $25,000 |
Endowment Analysis
| Beg. Balance | $20,468,144 |
| Earnings | $2,502,991 |
| Net Contributions | $1,395,536 |
| Other Expense | $1,556,238 |
| Ending Balance | $22,810,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thessalonica Agricultural & Industrial Institute New York, NY | $90,609,236 | $11,606,738 |
The Boma Project Inc Manchester Center, VT | $12,762,735 | $15,093,429 |
International Service For The Acqstn Of Agri-Biotech Applcations Ithaca, NY | $385,268 | $794,763 |
Self Help Africa Inc New York, NY | $463,746 | $951,953 |
Tasai Inc Ithaca, NY | $560,439 | $1,122,176 |
Gardens For Health International Duxbury, MA | $553,934 | $742,505 |
Southeast Asia Development Program Inc Newton Highlands, MA | $1,785,223 | $829,080 |
The Manzanar Project Foundation Wenham, MA | $0 | $189,504 |
Partners In Progress Americans Supporting Rural Sustainable Carnegie, PA | $311,344 | $351,666 |
Building Together Inc Brooklyn, NY | $53,095 | $0 |
Levo International Inc Bloomfield, CT | $29,160 | $0 |
Qholaqhoe Mountain Connections Inc Honeoye Falls, NY | $111,521 | $0 |