Trustees Of Robert College Of Istanbul

The information for Trustees Of Robert College Of Istanbul is as of the organization's most recent filing in June '21. This organization is located in New York, NY. It has been in existence for 74 years, following its founding in 1947.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Trustees Of Robert College Of Istanbul's NTEE code is Q30. The "Q" tells us that the organization is classified along with International, Foreign Affairs & National Security. The "30" tells us that the organization is focused on International Development. The NTEE describes International Development organizations as those that provide technical assistance training and material resources to support the capacity-building efforts of nations outside the U.S., with a focus on various sectors such as agriculture, health, education, social welfare, small business development, and industrial growth. The organization's mission is to provide teachers, administrators, and facilities for a secondary school in Istanbul, Turkey.

Program Areas

Program Area 1: The organization operates a secondary school in Istanbul, Turkey with an enrollment of approximately 1,040 students. This includes 855 day students and 185 boarding students. The school provides classroom and other facilities, equipment, dorms, faculty, and administrative services for these students. Within the general fund, all revenues, support, and functional expenses that are not specifically reported by another fund or program are reported for this program area.

Program Area 2: The organization operates a secondary school in Istanbul, Turkey, with an enrollment of approximately 1,040 students. This includes 855 day students and 185 boarding students. The school provides classroom and other facilities, equipment, dorms, as well as faculty and administrative services for these students.

Organization Staffing

Trustees Of Robert College Of Istanbul has 50 employees, with 6 of them being paid over $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 26 volunteers.

Board Governance

The Trustees of Robert College of Istanbul appears to be a well-governed non-profit organization based on the provided information. The organization has a total of 24 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. This ensures that the organization's interests are prioritized over personal agendas. Furthermore, the absence of potential conflicts of interest within the organization is a positive sign of good governance. This suggests that the board members are solely focused on advancing the mission and objectives of the organization, rather than benefiting themselves or other affiliated entities. The fact that the organization has not delegated management to an outside firm indicates that the board is actively involved in overseeing the operations and strategic direction of the organization. This hands-on approach allows for greater transparency and accountability, as the board members are directly responsible for decision-making and ensuring the organization's resources are utilized effectively. The documentation of board meetings and committee meetings is another testament to the organization's commitment to transparency. This practice ensures that all discussions, decisions, and actions taken by the board are properly recorded, providing a clear record of the organization's governance and decision-making processes. The presence of conflict of interest policy, disclosure requirements, whistleblower policy, and document retention policy further demonstrates the organization's commitment to ethical conduct and accountability. These policies help prevent and address any potential conflicts or misconduct within the organization, ensuring that the best interests of the non-profit are protected. Additionally, the organization's practice of substantiating and reviewing leadership and officer's salaries, as well as providing copies of the 990 form to the board prior to filing, showcases a commitment to financial transparency and responsible use of funds. This ensures that the organization's leadership is compensated fairly and that financial information is readily available to the board for review and oversight. Overall, the Trustees of Robert College of Istanbul appears to have a robust governance structure in place, with policies and practices that promote transparency, accountability, and ethical conduct. These qualities are essential for a non-profit organization to effectively fulfill its mission, serve its beneficiaries, and maintain the trust of its stakeholders.

Organization Growth

The nonprofit organization, Trustees Of Robert College Of Istanbul, has experienced a decrease in various aspects of its operations over the given time period. Contributions and grants received decreased from $5.0 million in 2014 to $4.5 million in 2020. Program service revenue also decreased from $22.3 million in 2014 to $15.4 million in 2020. Investment income decreased from $163.5 thousand in 2014 to $154.7 thousand in 2020. Total revenue decreased from $27.5 million in 2014 to $20.1 million in 2020. Grants paid decreased from $5.1 million in 2014 to $3.5 million in 2020. Employee salaries decreased from $16.0 million in 2014 to $14.4 million in 2020. Total expenses decreased from $27.1 million in 2014 to $19.6 million in 2020. Additionally, the organization had fewer employees and volunteers, with total employees decreasing from 54 in 2014 to 50 in 2020, and total volunteers decreasing from 32 in 2014 to 26 in 2020. Overall, the nonprofit organization has experienced a decline in its growth and various aspects of its operations over the given time period.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Iss Tesis Yonetim Hiz As
Janitorial Services
$284,406
Iss Proser Koruma Ve Guvenlik Hiz As
Security Services
$206,744
Askur Yemek Uretim Ve Hizmet As
Food Services
$189,860
Akay Elektrik-ayhan Akbasoglu
Renecal Of Electricity Infrastructure
$204,948
Akay Elektrik-ayhan Akbasoglu
Renecal Of Electricity Infrastructure
$204,948
Iss Tesis Yonetim Hiz As
Janitorial Services
$284,406
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,004,624
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$540,794
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,545,418
Total Program Service Revenue$15,401,378
Investment income $154,650
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 $20,101,446

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Trustees Of Robert College Of Istanbul has recieved totaling $57,300.

Awarding OrganizationAmount
Alexander Shashaty Family Foundation Inc

New York, NY

PURPOSE: CHARITABLE

$24,500
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$18,916
Ora Foundation

Wilmington, DE

PURPOSE: GENERAL PURPOSE

$10,000
Mutual Of America Foundation

New York, NY

PURPOSE: GENERAL OPERATING PURPOSE

$2,500
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 11/03/21

$800
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 01/12/21

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$107,802,768
Earnings$30,900,058
Admin Expense$53,497
Net Contributions$988,781
Grants$3,750,000
Ending Balance$135,888,110

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