2016-05-02T12:59:57-05:00 2015-06-30 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 990 2014-07-01 841217703 THE AMERICAN UNIVERSITY OF GREECE % KELLY A MORRA AMER 8572847908 10 LIBERTY SQUARE 2ND FLOOR BOSTON MA 02109 KELLY A MORRA VP OF FINANCE & CFO 6177237900 2016-02-14 true Robert J Butler Jr P00037953 6177237900 2014 2016-08-17 19:52:53Z DR DAVID G HORNER 10 LIBERTY SQUARE 2ND FLOOR BOSTON MA 02109 30717952 false X WWW.ACG.EDU X 1991 CO ACTS AS A SUPPORTING ORGANIZATION WITH FINANCIAL ASSISTANCE FOR THE SOLE BENEFIT OF THE AMERICAN COLLEGE OF GREECE WHICH CONSISTS OF A HIGH SCHOOL AND COLLEGE IN ATHENS, GREECE. 24 23 10 23 0 0 0 0 0 0 2314394 430135 0 0 2314394 430135 0 0 0 0 1083042 1005621 0 0 0 805518 878467 1888560 1884088 425834 -1453953 195560582 196838643 2697013 2445475 192863569 194393168 THE GOVERNING BOARD HAS NOT ADOPTED A SEPARATE MISSION STATEMENT BEYOND THE ORIGINAL BYLAWS OF THE AMERICAN UNIVERSITY OF GREECE WHICH STATES THAT IT "...IS A COLORADO NON-PROFIT CORPORATION WHOSE CORPORATE PURPOSE IS TO SUPPORT THE AMERICAN COLLEGE OF GREECE WHICH LATTER INSTITUTION CONDUCTS AND MAINTAINS SCHOOLS & INSTITUTIONS OF LEARNING IN GREECE, AND TO PERFORM SUCH ACTIVITIES AS STATED IN THE CORPORATION'S CERTIFICATE OF INCORPORATION." false false 1421122 THE AMERICAN UNIVERSITY OF GREECE HAS PROVIDED FINANCIAL SUPPORT FOR THE AMERICAN COLLEGE OF GREECE BY PAYING PROGRAM EXPENSES OF $1,421,122 PLUS MANAGEMENT AND GENERAL EXPENSES OF $462,966 ON ITS BEHALF. THIS ASSISTED THE AMERICAN COLLEGE OF GREECE IN BEING ABLE TO FURTHER ITS OWN TAX EXEMPT PURPOSES BY UTILIZING ITS OWN FUNDS FOR EDUCATION. 1421122 true false false false false false false false false false true true false false true true false true false true true false false false false false false false false true false false false false false false true false false false false false false true true false false false true 12 0 true 10 true false false false false false false false false false false X 24 23 false false false false false false false true true false false true true true true true true true false false MA X X KELLY A MORRA 8572847908 10 LIBERTY SQUARE 2ND FLOOR BOSTON MA 02109 DR DAVID G HORNER PRESIDENT 10.0 40.0 X X 187186 264709 124244 DR WILLIAM ANTHOLIS TRUSTEE 1.0 2.0 X 0 0 0 DR KENYON C BOLTON III TRUSTEE 1.0 2.0 X 0 0 0 ANN W CALDWELL TRUSTEE 1.0 2.0 X 0 0 0 DR CHARLES M COOK SECRETARY 1.0 2.0 X X 0 0 0 NIKOS M EBEOGLOU TRUSTEE 1.0 2.0 X 0 0 0 DR MATT GLENDINNING trustee 1.0 2.0 X 0 0 0 PHILIP C KOROLOGOS ESQ chair 1.0 2.0 X X 0 0 0 NIKOLAOS KOUMETTIS trustee 1.0 2.0 X 0 0 0 DR ANTHONY T KRONMAN trustee 1.0 2.0 X 0 0 0 ULYSSES A KYRIACOPOULOS trustee 1.0 2.0 X 0 0 0 VANA LAVIDAS trustee 1.0 2.0 X 0 0 0 LEE ANN C LEAHY trustee 1.0 2.0 X 0 0 0 HAROLD LEVY VICE CHAIR & TREASURER 1.0 2.0 X X 0 0 0 DEMETRIOS LOGOTHETIS trustee 1.0 2.0 X 0 0 0 ALEXANDER MACRIDIS TRUSTEE 1.0 2.0 X 0 0 0 ANGELO MANIOUDAKIS TRUSTEE 1.0 2.0 X 0 0 0 DR DAN MILLER TRUSTEE 1.0 2.0 X 0 0 0 LISA O'DONNELL trustee 1.0 2.0 X 0 0 0 ANASTASIOS PARAFESTAS TRUSTEE 1.0 2.0 X 0 0 0 JOHN PYROVOLAKIS TRUSTEE 1.0 2.0 X 0 0 0 MILTON SIPP TRUSTEE 1.0 2.0 X 0 0 0 DR CONCETTA M STEWART TRUSTEE 1.0 2.0 X 0 0 0 LENA G TRIANTOGIANNIS TRUSTEE 1.0 2.0 X 0 0 0 KELLY A MORRA VICE PRES. OF FINANCE & CFO 10.0 30.0 X 211032 0 50147 THIMIOS D ZAHAROPOULOS PROVOST 40.0 0.0 X 66608 172468 75470 464826 437177 249861 2 false true false Cambridge Associates 125 High Street BOSTON MA 02110 INV MGMT FEE 343018 1 0 0 615331 615331 0 0 0 0 0 30102621 30287817 -185196 -185196 -185196 0 0 0 0 430135 430135 0 0 0 0 517993 517993 53000 53000 308789 308789 47944 47944 20432 20432 57463 57463 6000 6000 29445 29445 78388 78388 0 0 433521 433521 13121 13121 49096 49096 17707 17707 3772 3772 0 54216 54216 120225 120225 0 0 0 0 0 5851 5851 BOARD EXPENSES 67125 67125 1884088 1421122 462966 0 506685 742820 21420908 9946991 0 0 0 4834234 0 0 0 0 0 0 0 0 5274 5274 20413 20413 44632345 20172477 128971329 161105806 0 0 0 0 24041 31041 195560582 196838643 33910 67538 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2663103 2377937 2697013 2445475 X 192863569 194393168 0 0 0 0 192863569 194393168 195560582 196838643 X -1453953 2674791 308761 X false true X true false X X X 1 THE AMERICAN COLLEGE OF GREECE 042306054 2 true 1884088 0 1 1884088 true false false false false false false false false false false false false false false true false 20413 20413 EQUITY AND HEDGE FUNDS 161105806 F 161105806 0 INTERCOMPANY PAYABLE - ACG US 2346896 457B LIABILITY 31041 2377937 X FIN 48 FOOTNOTE PART X, LINE 2 AUG WAS ORGANIZED TO SUPPORT THE OPERATIONS OF ACG AND IS DESCRIBED IN SECTION 501(C)(3) OF THE CODE, AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. Central America and the Caribbean Investments 140686000 140686000 140686000 true false false false false false X X true true X X X X false false false false false false false false false DR DAVID G HORNER PRESIDENT 125028 259860 40787 21371 4849 58125 34978 1107 30034 246418 329721 0 0 KELLY A MORRA VICE PRES. OF FINANCE & CFO 210618 0 0 0 414 0 30750 0 19397 0 261179 0 0 0 THIMIOS D ZAHAROPOULOS PROVOST 66608 167751 0 0 0 4717 15750 34285 15671 9764 98029 216517 0 0 Schedule J, Part I, LINE 1A GROSS UP PAYMENTS PRESIDENT DAVID G. HORNER'S TAXABLE WAGES DURING CALENDAR YEAR 2014 WERE INCREASED TO COVER THE ADDITIONAL TAX LIABILITY DUE TO GREECE. SOCIAL DUES AUG PROVIDES THE PRESIDENT WTIH A MEMBERSHIP TO THE HARVARD CLUB. THE MEMBERSHIP IS CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT and is reported on Schedule J, Part II, Column (B)(iii). PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE'S PERFORMANCE. ONCE REVIEWED BY HR AND THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE COMPLETE BOARD. THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO AND PROVOST. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE U.S. AND ABROAD. Sandra Sue Horner Spouse of President 25000 EMPLOYMENT false Julie Crain Spouse of Provost 28000 Employment false SCHEDULE L, PART IV The University engages family members of officers and key employees in the ordinary course of business. Officers and key employees do not participate in establishing the compensation of their spouses. EXECUTIVE COMMITTEE FORM 990, PART VI, LINE 1A THE BOARD OF TRUSTEES HAS A STANDING EXECUTIVE COMMITTEE COMPRISED OF THE CHAIRMAN (WHO SERVES AS THE COMMITTEE CHAIR), THE VICE CHAIR, TREASURER, SECRETARY, AND STANDING COMMITTEE CHAIRS. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES IN THE INTERIM BETWEEN MEETINGS OF THE BOARD. THE COLLEGE PRESIDENT SERVES AS EX OFFICIO MEMBER OF THE COMMITTEE. HOWEVER, CURRENTLY, AS THE BY-LAWS ARE BEING REVIEWED BY THE GOVERNANCE COMMITTEE, THE BOARD VOTED TO APPROVE THE FORMATION OF AN AD HOC BOARD PLANNING COMMITTEE TO ACT IN LIEU OF THE EXEC COMMITTEE. THE AD HOC BOARD PLANNING COMMITTEE IS MADE UP OF THE CHAIR, VICE-CHAIR, TREASURER AND SECRETARY WITH THE COLLEGE PRESIDENT AS AN EX-OFFICIO MEMBER. THE COMMITTEE MEETS IN BETWEEN BOARD MEETINGS AND PROVIDES COPIES OF MINUTES TO ALL MEMBERS OF THE BOARD OF TRUSTEES. REVIEW PROCESS FORM 990, PART VI, LINE 11 THE FORM 990 IS PREPARED WITH INFORMATION PROVIDED BY MANAGEMENT TO THE UNIVERSITY'S ACCOUNTING FIRM. INITIAL REVIEW OF THE COMPLETED FORM IS PERFORMED BY THE AUDIT COMMITTEE. AFTER COMPLETE REVIEW BY THE AUDIT COMMITTEE AND PRIOR TO FILING THE FORM, A COPY OF THE FORM AS IT IS ULTIMATELY FILED IS PROVIDED TO ALL BOARD MEMBERS. EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS FORM 990, PART VI, LINE 12C PRACTICES FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICT OF INTEREST: EACH BOARD MEMBER SIGNS AN ANNUAL STATEMENT THAT THEY ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND DISCLOSES ANY POTENTIAL CONFLICTS PERSONS COVERED UNDER THE POLICY: POLICY APPLIES TO THE BOARD OF TRUSTEES AS WELL AS THE PRESIDENT. LEVEL AT WHICH DETERMINATION AS TO WHETHER A CONFLICT EXISTS ARE MADE: THE AUDIT COMMITTEE MAKES THE DETERMINATION OF WHETHER A CONFLICT EXISTS. LEVEL AT WHICH CONFLICTS ARE REVIEWED: THE ANNUAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S CFO AND DISCUSSED WITH THE AUDIT COMMITTEE WHEN A CONFLICT ARISES. THE PRESIDENT'S OFFICE MONITORS ALL CONTRACTS AND ACTIONS OF ALL EMPLOYEES ON A REGULAR BASIS. RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT: INTERESTED PERSONS ARE RECUSED FROM DISCUSSIONS AND VOTING ON ANY TOPIC THAT MAY CONSTITUTE A CONFLICT. COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEES FORM 990, PART VI, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE'S PERFORMANCE. ONCE REVIEWED BY HR AND THE EXECUTIVE COMMITTEE, AND IN TEH ABSENCE OF THE PRESIDENT, TE COMMITEE MAKES RECOMMENDATIONS FOR ACTION TO THE COMPLETE BOARD. THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPESNATION FOR THE CFO AND PROVOST. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE U.S. AND ABROAD. OTHER ORGANIZATIONAL DOCUMENTS PUBLICLY AVAILABLE FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AMERICAN UNIVERSITY OF GREECE OFFICE. Other changes in net assets or fund balances FORM 990, PART XI, LINE 9 Unrealized Foreign Exchange gain translation: 308,761 THE AMERICAN COLLEGE OF GREECE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 042306054 HIGH SCHOOL CO 501(C )(3) 02 NA false THE AMERICAN COLLEGE OF GREECE - DEREE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 980611322 COLLEGE GR 501(C )(3) 02 ACG false THE AMERICAN COLLEGE OF GREECE - GREECE 6 GRAVIAS ST ATHENS AGHIA PARASKEVI GR 15342 COLLEGE GR NFP ASSPC ACG false false false false false false false false false false false false true false false true false false false false