American Cooperative School Of Tunis Acst Association
- Assets
- $24.2m
- Revenue
- $10.8m
- Investments
- $540.6k
- Employees
- 0
- Location
- Seaford, DE
- Founding
- 10/2004
- Data as of
- 06/2021
- EIN
- 83-0379231
Organization Overview
American Cooperative School Of Tunis Acst Association, operating under the name Acst, is located in Seaford, DE. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acst 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, Acst generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
THE MISSION OF ACST, AN INDEPENDENT, PRE-K TO 12 UNIVERSITY PREPARATORY AMERICAN SCHOOL PRIMARILY SERVING THE INTERNATIONAL COMMUNITY IN TUNIS, IS TO DEVELOP WELL-ROUNDED, RESPONSIBLE, AND HIGHLY COMPETENT STUDENTS BY PROVIDING A CHALLENGING ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PRE-K TO 12TH GRADE U.S. STYLE EDUCATION TO 445 STUDENTS RESIDING IN TUNIS, TUNISIA. THE SCHOOL IS ACCREDITED BY THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS AND IS SPONSORED BY THE U.S. STATE DEPARTMENT OFFICE OF OVERSEAS SCHOOLS.SPORTS TRIPS, MUN, TUNISIAN STUDIES, AND BAND TRIPS WERE CANCELLED DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Emborsky School Director | Officer | 40 | $212,206 |
Mark Temperley Finance Director | Officer | 40 | $150,004 |
Kevin Thomas Hs Principal | Officer | 40 | $125,547 |
Lorri Newman Es Principal | Officer | 40 | $123,696 |
Mary Horvers Vice President | OfficerTrustee | 5 | $0 |
Ann Wyman Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Societe Total Security Supply & Fitting-mylar Window Film | 6/29/20 | $341,422 |
Sun Solutions Supply And Installation Of Photovoltaic | 6/29/20 | $236,897 |
Movenpick Hotel Gammarth School Canteen Services | 6/29/20 | $162,726 |
Societe Total Security Supply & Fitting-mylar Window Film | 6/29/20 | $341,422 |
Iss International School Services School Equipment | 6/29/20 | $474,491 |
Iss International School Services School Equipment | 6/29/20 | $474,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,004 |
| Total Program Service Revenue | $10,764,192 |
| Investment income | $41,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$172,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,809,438 |
| 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 | $57,097 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $727,609 |
| Compensation of current officers, directors, key employees. | $356,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,444,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,309,485 |
| Payroll taxes | $259,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,393 |
| Fees for services: Accounting | $8,937 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,229 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,415 |
| Information technology | $160,166 |
| Royalties | $0 |
| Occupancy | $150,167 |
| Travel | $172,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,039,029 |
| Insurance | $43,356 |
| All other expenses | $322,763 |
| Total functional expenses | $9,318,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,808 |
| Savings and temporary cash investments | $11,047,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,711 |
| 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 | $564,535 |
| Net Land, buildings, and equipment | $9,954,990 |
| Investments—publicly traded securities | $1,885,559 |
| Investments—other securities | $540,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,162,067 |
| Accounts payable and accrued expenses | $1,823,053 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $736,705 |
| Total liabilities | $2,559,758 |
| Net assets without donor restrictions | $21,383,448 |
| Net assets with donor restrictions | $218,861 |
| 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 | $24,162,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |
Mastery Charter School-Pickett Campus Philadelphia, PA | $12,425,498 | $19,474,866 |
Philadelphia Academy Charter School Philadelphia, PA | $22,346,982 | $21,291,315 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Yeshiva Of Bergen County Inc Paramus, NJ | $23,355,062 | $17,409,656 |