THE AMERICAN COLLEGE OF GREECE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE AMERICAN COLLEGE OF GREECE (EIN 04-2306054)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-08
- IRS object ID
- 201211299349301911
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-08T16:01:17-04:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042306054 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AMERICAN COLLEGE OF GREECE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AMER | NameControl |
| Phone | 8572847908 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 LIBERTY SQUARE 2ND FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02109 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLY MORRA | Name |
| Title | VP FINANCE & CFO | Title |
| Date Signed | 2012-05-08 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | Dr David G Horner | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 LIBERTY SQUARE 2ND FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18025537 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ACG.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1961 | YearFormation |
| State Legal Domicile | CO | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 16 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 687499 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 179979 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 39423050 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15931323 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1238621 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1248767 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 226414 | OtherRevenuePriorYear |
| Other Revenue Current Year | 27076 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 41575584 | TotalRevenuePriorYear |
| Total Revenue Current Year | 17387145 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1745550 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 598460 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 24991974 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11286312 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 51348 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22060820 | OtherExpensePriorYear |
| Other Expenses Current Year | 12153440 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 48798344 | TotalExpensesPriorYear |
| Total Expenses Current Year | 24038212 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -7222760 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6651067 | RevenuesLessExpensesCY |
| Total Assets BOY | 250463469 | TotalAssetsBOY |
| Total Assets EOY | 220934524 | TotalAssetsEOY |
| Total Liabilities BOY | 10066600 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6046957 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 240396869 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 214887567 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | INTERNATIONAL IN ORIGIN AND OUTLOOK, THE AMERICAN COLLEGE OF GREECE OFFERS A DISTINCTIVE ACADEMIC ETHOS ROOTED IN AMERICAN HIGHER EDUCATION BEST PRACTICES AND INTEGRATING AMERICAN, GREEK AND EUROPEAN CULTURES. THE COLLEGE IS COMMITTED TO EXTENDING EDUCATIONAL OPPORTUNITIES TO QUALIFIED STUDENTS OF DIVERSE BACKGROUNDS AND TO ACTIVE, MUTUALLY SUPPORTIVE INTERACTION WITH ITS ALUMNI. THE FACULTY, DEDICATED TO TEACHING, SCHOLARSHIP AND SERVICE, CULTIVATE A RICH INTELLECTUAL CAMPUS ENVIRONMENT, SERVE NUMEROUS EXTERNAL CONSTITUENCIES AND CONTRIBUTE TO THEIR PROFESSIONAL DISCIPLINES. THROUGH UNDERGRADUATE AND GRADUATE CURRICULA IN THE LIBERAL ARTS AND SCIENCES, BUSINESS AND SELECTED PROFESSIONS, AS WELL AS THROUGH ITS CO-CURRICULAR PROGRAMS, THE COLLEGE ENABLES STUDENTS: - TO DEFINE AND PURSUE THEIR EDUCATIONAL AND PROFESSIONAL GOALS, - TO DEVELOP AS CRITICAL AND CREATIVE THINKERS AND SOCIALLY AWARE INDIVIDUALS, AND - TO PREPARE FOR LIVES OF REFLECTION AS WELL AS RESPONSIBLE CIVIC ENGAGEMENT I | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 15866620 | Expense |
| Revenue | 15931323 | Revenue |
| Description | IN THE CURRENT YEAR ENDING 6/30/11, 2,954 STUDENTS ATTENDED THE UNDERGRADUATE PROGRAM AND 491 GRADUATED WITH DIPLOMAS. THE GRADUATE SCHOOL HAD 166 STUDENTS ENROLLED OF WHOM 36 GRADUATED WITH ADVANCED DEGREES. THE HIGH SCHOOL (ACTUALLY GRADES 7 TO 12) HAD 785 STUDENTS OF WHOM 103 GRADUATED. THE AMERICAN COLLEGE OF GREECE ALSO OFFERED CONTINUING EDUCATION PLUS CULTURAL EVENTS FOR THE COMMUNITY WHICH WERE VERY WELL ATTENDED. | Description |
| Total Program Service Expense | 15866620 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 16 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | GR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | true | NonDeductibleContributions |
| Non Deductible Disclosure | true | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KELLY MORRA | NamePerson |
| Telephone Number | 8572847908 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 LIBERTY SQUARE 2ND FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| DR DAVID G HORNER | |||||||||
| PRESIDENT | 40.0 | X | X | 292500 | 132500 | 27388 | |||
| DR KENYON C BOLTON III | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| ANN W CALDWELL | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| HAROLD LEVY | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| KOSMO KALLIAREKOS | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| MIKE KOROLOGOS | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| PHILIP KOROLOGOS ESQ | |||||||||
| VICE CHAIRMAN AND TREASURER | 2.0 | X | X | 0 | 0 | 0 | |||
| KRISTEN SILVERBERG | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| NIKI LEONDAKIS | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| ANASTASIOS PARAFESTAS | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| PETER THUN | |||||||||
| CHAIRMAN | 2.0 | X | X | 0 | 0 | 0 | |||
| DR ANTHONY T KRONMAN | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| DR CONCETTA M STEWART | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| NIKOLAOS KOUMETTIS | |||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | ||||
| DR CHARLES M COOK | |||||||||
| SECRETARY | 2.0 | X | X | 0 | 0 | 0 | |||
| Kelly Morra | |||||||||
| Vice Pres. of Finance & CFO | 1.0 | X | 0 | 0 | 0 | ||||
| TODD G FRITCH | |||||||||
| VP FOR ACAD DEVELOP & DEAN | 40.0 | 162136 | 0 | 30578 | X | ||||
| JOHN M BAWOROWSKY | |||||||||
| VP FOR ENROLLMENT & STUD SVCS | 40.0 | 180492 | 0 | 25065 | X | ||||
| OLGA JULIUS | |||||||||
| PRINCIPAL & CHAIR ENGLISH DPT | 40.0 | 106325 | 0 | 16101 | X | ||||
| GABRIEL ALEXOPOULOS | |||||||||
| CONTROLLER | 40.0 | 116275 | 30472 | 26348 | X | ||||
| KATHLEEN CROSS | |||||||||
| CTO & DEAN STUDIES ABROAD | 40.0 | 104494 | 0 | 25923 | X | ||||
| NICHOLAS JIAVARAS | |||||||||
| EVP FOR INSTITUTIONAL ADVMNT | 40.0 | 141241 | 0 | 19383 | X | ||||
| ILIANA LAZANA | |||||||||
| VP for HR & ADMIN SUPPORT SVCS | 40.0 | 102680 | 23824 | 27074 | X | ||||
| JOHN S BAILEY | |||||||||
| CHANCELLOR | 0.0 | 187336 | 75000 | 67781 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1393479 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 261796 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 265641 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | Province Or StateAddressOfContractor/AddressForeign/ProvinceOrState | CountryAddressOfContractor/AddressForeign/Country | Postal CodeAddressOfContractor/AddressForeign/PostalCode |
|---|---|---|---|---|---|---|---|---|---|---|
| KL GATES | ||||||||||
| 1601 K STREET | WASHINGTON | DC | 20006 | LEGAL | 601768 | |||||
| SOFIA KALOGEROPOULOU | ||||||||||
| BUILDING RENOVATIONS | 288114 | 11 VOUTZA STREET | ATHENS | N. SMYRNI | GR | 171 21 | ||||
| GREGORY PAPPAS | ||||||||||
| 1250 S MICHIGAN AVE 1310 | CHICAGO | IL | 60605 | CONSULTING | 213235 | |||||
| STEFANOS DIAMANTARAS | ||||||||||
| CIVIL ENG/STAT STDY | 158772 | 4 EL VENIZELOU ST 15237 FILOTHEI | ATHENS | 0 | GR | |||||
| ERNST YOUNG | ||||||||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | TAX & ACCOUNTING | 114743 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 73503 | GovernmentGrants |
| All Other Contributions | 106476 | AllOtherContributions |
| Total Contributions | 179979 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611600 | 11579407 | 11579407 |
| INTERCOMPANY REVENUE - RENTAL INCOME | 900099 | 1621026 | 1621026 |
| INTERCOMPANY REVENUE - GAIN ON INDEMNITY | 900099 | 2730890 | 2730890 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15931323 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1268011 | TotalRevenueColumn |
| Exclusion | $1,268,011 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13270 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13270 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13270 | TotalRevenueColumn |
| Exclusion | $13,270 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 619148 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 638392 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -19244 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -19244 | TotalRevenueColumn |
| Exclusion | -$19,244 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| SNACK BAR INCOME | 900099 | 2614 | $2,614 |
| MISCELLANEOUS REVENUE | 900099 | 11192 | $11,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 13806 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17387145 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15931323 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,275,843 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 598460 | Total |
| Program Services | 598460 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 647551 | Total |
| Program Services | 495377 | ProgramServices |
| Management And General | 149584 | ManagementAndGeneral |
| Fundraising | 2590 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8165893 | Total |
| Program Services | 6235011 | ProgramServices |
| Management And General | 1905007 | ManagementAndGeneral |
| Fundraising | 25875 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1168309 | Total |
| Program Services | 679823 | ProgramServices |
| Management And General | 488073 | ManagementAndGeneral |
| Fundraising | 413 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1304559 | Total |
| Program Services | 973663 | ProgramServices |
| Management And General | 323286 | ManagementAndGeneral |
| Fundraising | 7610 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 520327 | Total |
| Management And General | 520327 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33693 | Total |
| Management And General | 33693 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329661 | Total |
| Program Services | 35788 | ProgramServices |
| Management And General | 293873 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360839 | Total |
| Program Services | 118045 | ProgramServices |
| Management And General | 242794 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 616873 | Total |
| Program Services | 111775 | ProgramServices |
| Management And General | 501386 | ManagementAndGeneral |
| Fundraising | 3712 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197682 | Total |
| Program Services | 33804 | ProgramServices |
| Management And General | 163878 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2209745 | Total |
| Program Services | 1613114 | ProgramServices |
| Management And General | 596631 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665750 | Total |
| Program Services | 165291 | ProgramServices |
| Management And General | 489831 | ManagementAndGeneral |
| Fundraising | 10628 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4271951 | Total |
| Program Services | 3118524 | ProgramServices |
| Management And General | 1153427 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96005 | Total |
| Program Services | 82 | ProgramServices |
| Management And General | 95923 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| BAD DEBTS | 116920 | 116920 | |
| STUDENT TRANSPORT | 1252885 | 1252885 | |
| BOOKS, PERIODICALS & EDCTN | 236738 | 227933 | 8805 |
| GREEK TAX ASSESSMENT | 102915 | 102915 | |
| PUBLICATIONS | 18332 | 18332 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1123124 | Total |
| Program Services | 71793 | ProgramServices |
| Management And General | 1050811 | ManagementAndGeneral |
| Fundraising | 520 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24038212 | Total |
| Program Services | 15866620 | ProgramServices |
| Management And General | 8120244 | ManagementAndGeneral |
| Fundraising | 51348 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108148069 | BOY |
| EOY | 140361679 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 551328 | BOY |
| EOY | 35019 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 978537 | BOY |
| EOY | 263186 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121972 | BOY |
| EOY | 133640 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154845 | BOY |
| EOY | 55721 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 654697 | BOY |
| EOY | 643823 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 96728948 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 47055000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43421386 | BOY |
| EOY | 49673948 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95783947 | BOY |
| EOY | 28956857 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 648688 | BOY |
| EOY | 810651 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250463469 | BOY |
| EOY | 220934524 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6352629 | BOY |
| EOY | 4138666 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210394 | BOY |
| EOY | 171575 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3503577 | BOY |
| EOY | 1736716 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10066600 | BOY |
| EOY | 6046957 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 237123480 | BOY |
| EOY | 211533571 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543979 | BOY |
| EOY | 584217 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2729410 | BOY |
| EOY | 2769779 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240396869 | BOY |
| EOY | 214887567 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250463469 | BOY |
| EOY | 220934524 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -6651067 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -18858235 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3273391 | BeginningOfYearBalance |
| Contributions | 71832 | Contributions |
| Investment Earnings Or Losses | 31215 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22440 | GrantsOrScholarships |
| End Of Year Balance | 3353998 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2700399 | BeginningOfYearBalance |
| Contributions | 586853 | Contributions |
| Investment Earnings Or Losses | 22241 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 36102 | GrantsOrScholarships |
| End Of Year Balance | 3273391 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2640904 | BeginningOfYearBalance |
| Contributions | 95919 | Contributions |
| Investment Earnings Or Losses | 58858 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 75251 | GrantsOrScholarships |
| Other Expenditures | 20001 | OtherExpenditures |
| End Of Year Balance | 2700429 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.83000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.17000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6224529 | OtherCostOrOtherBasis |
| Book Value | 6224529 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 70598076 | OtherCostOrOtherBasis |
| Depreciation | 31698376 | Depreciation |
| Book Value | 38899700 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18571298 | OtherCostOrOtherBasis |
| Depreciation | 15042915 | Depreciation |
| Book Value | 3528383 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1335045 | OtherCostOrOtherBasis |
| Depreciation | 313709 | Depreciation |
| Book Value | 1021336 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 49673948 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | EMPLOYEE RETIREMENT & SEVERANCE | Description |
| Amount | $1,736,716 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1736716 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F/S FOOTNOTE FOR ART, TREASURES, ETC. | PART III, LINE 1A | WORKS OF ART THAT WERE RECEIVED ARE NOT INCLUDED IN REVENUE OR ON THE BALANCE SHEET PER SFAS 116 AND THE INSTRUCTIONS TO FORM 990. THEY ARE MAINTAINED FOR THE BENEFIT OF THE STUDENTS EDUCATIONAL AND CULTURAL BENEFIT. |
| DESCRIPTION OF ORGANIZATION'S COLLECTIONS AND HOW FURTHERS EXEMPT PURPOSE | PART III, LINE 4 | THE ART WORK IS MADE UP OF DIFFERENT VENUES SUCH AS PAINTINGS, DRAWINGS, ARTIFACTS, COINS, PHOTOGRAPHS, SCULPTURES, ETC. WHILE THE COLLECTION IS PARTICULARLY STRONG IN ART WORKS ORIGINATING FROM GREECE, WORKS FROM OTHER COUNTRIES (INCLUDING THE U.S.) ARE WELL REPRESENTED. WORKS ARE ON CONSTANT DISPLAY ON A ROTATING BASIS AT THE ART GALLERY. MANY SCULPTURES ARE ON DISPLAY THROUGHOUT THE CAMPUS. THE GOAL IS TO EDUCATE AND FOSTER INTEREST IN WORKS OF ART BY THE COLLEGE COMMUNITY, SCHOLARLY RESEARCHERS AND THE PUBLIC AT LARGE. TWELVE ANNUAL VISITING ARTIST PROGRAMS ARE HELD TO FURTHER SHOWCASE & EDUCATE. IN ADDITION, SPECIAL EXHIBITIONS ARE HELD DURING THE YEAR. |
| INTENDED USES OF ENDOWMENT FUND | PART V, LINE 4 | THE ENDOWMENT FUNDS ARE HELD FOR SCHOLARSHIPS TO DESERVING STUDENTS. THE COLLEGE MATCHES MOST SCHOLARSHIPS IN THE ENDOWMENT FUNDS BEYOND GIVING ADDITIONAL AMOUNTS TO WORTHY STUDENTS. |
| FIN 48 FOOTNOTE | PART X, LINE 2 | A FIN 48 (ASC 740) FOOTNOTE WAS NOT INCLUDED IN THE AUDITED FINANCIAL STATEMENTS FOR THE CURRENT YEAR. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Publication of Racially Nondiscrinimatory Policy | Schedule E, Line 3 | A RACIALLY NONDISCRIMINATORY POLICY HAS BEEN ADOPTED BY THE ORGANIZATION. THIS INFORMATION IS GIVEN TO STUDENTS AND THE PUBLIC IN ITS MAILINGS, BROCHURES & PUBLICATIONS. IT IS ALSO PROVIDED IN ITS HIRING PRACTICES OF EMPLOYEES. |
| Explanation of Aid or Assistance from Governmental Agency | Schedule E, Line 6 | IN THE FISCAL YEAR ENDED JUNE 30, 2004, A GRANT OF US $140,000 WAS AWARDED BY THE US AGENCY FOR INTERNATIONAL DEVELOPMENT ("US AID") FOR THE PROCUREMENT OF PC'S, MULTIMEDIA PRESENTATION EQUIPMENT AND COMPUTER NETWORK HARDWARE AND SOFTWARE FOR MBA AND ART CENTRE PROGRAM. THE CONDITIONS SATISFYING THE REQUIREMENTS OF THE GRANT HAVE BEEN FULLY MET. AN AMOUNT OF US $78,050 WAS CLAIMED AND RECEIVED DURING THE FISCAL YEAR ENDED 6/30/06. THE RECEIVABLE ON THE BOOKS AS OF 6/30/05 OF $61,950 WAS RECEIVED FROM US AID DURING THE FISCAL YEAR ENDED 6/30/06. AN ADDITIONAL GRANT OF US $135,000 WAS AWARDED BY THE US AID DURING THE FISCAL YEAR ENDED 6/30/06 FOR THE PROCUREMENT OF HARDWARE, SOFTWARE AND OTHER COMMODITIES FOR THE NEW MASTER'S IN BUSINESS ADMINISTRATION PROGRAM, THE DEREE COLLEGE COMMUNICATION PROGRAM LABORATORIES AND THE PIERCE COLLEGE MULTIMEDIA LABORATORIES. DURING THE CURRENT FISCAL YEAR, $73,503 WAS RECOGNIZED AS INCOME FROM THE OUTSTANDING GRANT. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures | Specific Services ProvidedSpecificServicesProvided |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | 1344139 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | 0 | TUITION & FEES |
| Europe (Including Iceland and Greenland) | 1 | 593 | Program Services | 23219793 | SCHOOL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 593 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 593 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 24563932 | SubtotalAmountSpent |
| Total Amount Spent | 24563932 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | SCHOLARSHIPS | TypeOfAssistance |
| Region | Europe/Iceland/Greenland | Region |
| Number Of Recipients | 93 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 598460 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | SCHOLARSHIPS | DescriptionOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTMAKERS EXPLANATION FOR GRANTS OUTSIDE U.S. | Identifier |
| Return Reference | PART 1, LINE 2 | ReturnReference |
| Explanation | THE COLLEGE OFFERS SCHOLARSHIPS TO ITS STUDENTS IN ATHENS, GREECE BASED ON ACADEMIC PERFORMANCE AS WELL AS FINANCIAL NEEDS. THE SCHOLARSHIPS ARE DIRECTLY CREDITED TO THE RECIPIENT STUDENT'S ACCOUNT. THE STUDENT ACCOUNTS DEPARTMENT MONITORS THE SCHOLARSHIP FUNDS. THE SCHOLARSHIPS MAY BE REVOKED IF STUDENTS DO NOT ACHIEVE MINIMUM STANDARDS. STUDENT GRADES ARE MONITORED ON A SEMESTER BASIS BY THE SCHOLARSHIP COMMITTEE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | true | InitialContractException |
| Rebuttable Presumption Procedure | true | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR DAVID G HORNER | |||||||||||||
| 217500 | 132500 | 75000 | 0 | 0 | 0 | 0 | 0 | 27388 | 0 | 319888 | 132500 | 0 | 0 |
| JOHN S BAILEY | |||||||||||||
| 187336 | 75000 | 0 | 0 | 0 | 0 | 9338 | 0 | 58443 | 0 | 255117 | 75000 | 0 | 0 |
| TODD G FRITCH | |||||||||||||
| 162136 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30578 | 0 | 192714 | 0 | 0 | 0 |
| JOHN M BAWOROWSKY | |||||||||||||
| 180492 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25065 | 0 | 205557 | 0 | 0 | 0 |
| GABRIEL ALEXOPOULOS | |||||||||||||
| 116275 | 30472 | 0 | 0 | 0 | 0 | 14321 | 5714 | 4047 | 2266 | 134643 | 38452 | 0 | 0 |
| NICHOLAS JIAVARAS | |||||||||||||
| 141241 | 0 | 0 | 0 | 0 | 0 | 12781 | 0 | 6602 | 0 | 160624 | 0 | 0 | 0 |
| ILIANA LAZANA | |||||||||||||
| 102680 | 23824 | 0 | 0 | 0 | 0 | 6602 | 5867 | 4047 | 2266 | 113329 | 31957 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS | PART 1, LINE 1A | TRAVEL FOR COMPANIONS THE PRESIDENT TRAVELS FOR UNIVERSITY BUSINESS WITH HIS SPOUSE ON A LIMITED BASIS. SPOUSAL TRAVEL EXPENSES ARE FOR A BONA FIDE BUSINESS PURPOSE AND ARE NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE HOUSING IS PROVIDED AS NONTAXABLE FRINGE BENEFIT TO U.S. EMPLOYEES LIVING NEAR THE CAMPUS. THIS BENEFIT IS IN CONFORMITY WITH IRC SECTION 911. PER WRITTEN CONTRACTS THAT WERE PREPARED IN CONJUNCTION WITH AN INDEPENDENT CONSULTANT AND APPROVED BY THE BOARD OF DIRECTORS, PRESIDENT DAVID HORNER AND CHANCELLOR JOHN BAILEY ARE PROVIDED HOUSING ON COLLEGE PROPERTY. THIS IS A COMMON PRACTICE FOR COLLEGES. |
| AMOUNTS REPORTED PURSUANT TO A CONTRACT SUBJECT TO INITIAL CONTRACT | PART 1, LINE 8 | DR. HORNER'S INITIAL CONTRACT WAS PREPARED IN CONJUNCTION WITH YAFEE & ASSOCIATES WHO SPECIALIZE IN THE FIELD OF COMPENSATION. THE BOARD OF TRUSTEES APPROVED THE FINAL CONTRACT BASED UPON THEIR EXPERIENCES AND THE RECOMMENDATIONS OF THE CONSULTANT. THE CONTRACT WAS DRAWN UP BY THE COLLEGE'S OUTSIDE ATTORNEYS. |
Schedule L IRS990ScheduleL
Loan Table LoanTable (5 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Dr David G Horner | ||||||
| Payroll Advance | X | $23,562 | 23562 | false | true | true |
| Gabriel Alexopoulos | ||||||
| Payroll Adv / Loan | X | $1,484 | 1484 | false | true | true |
| Olga Julius | ||||||
| Payroll Advance | X | $1,159 | 1159 | false | true | true |
| Todd G Fritch | ||||||
| Payroll Advance | X | $976 | 976 | false | true | true |
| John S Bailey | ||||||
| Payroll Advance | X | $106,459 | 106459 | false | true | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 133640 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 1 | THE AMERICAN COLLEGE OF GREECE IS A NOT-FOR-PROFIT ENTITY INCORPORATED IN THE UNITED STATES OF AMERICA BUT OPERATED IN ATHENS, GREECE FOR THE PURPOSE OF PROVIDING GREEK CITIZENS WITH THE OPPORTUNITY FOR HIGHER EDUCATION WITH AMERICAN TEACHING METHODS TAUGHT IN ENGLISH. |
| BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECT | FORM 990, PART VI, LINE 2 | MIKE KOROLOGOS, TRUSTEE, AND PHILIP C. KOROLOGOS, TRUSTEE, HAVE A FAMILY RELATIONSHIP. |
| BYLAW CHANGES | FORM 990, PART VI, LINE 4 | ACG AMENDED ITS BYLAWS BY ADJUSTING THE COMPOSITION OF ITS BOARD OF TRUSTEES. ACG'S BOARD OF TRUSTEES MUST INCLUDE BETWEEN SEVEN AND TWENTY-FIVE MEMBERS OF WHICH AT LEAST ONE MEMBER MUST BE A GRADUATE OF PIERCE COLLEGE AND AT LEAST ONE MEMBER MUST BE A GRADUATE OF DEREE COLLEGE. IN ADDITION, THE PRESIDENT OF ACG WILL BE AN EX-OFFICIO MEMBER OF THE BOARD AND ANY OTHER SUCH PERSONS DESIGNED BY THE BOARD OF TRUSTEES WILL SERVE ON THE BOARD. ALL MEMBERS OF THE BOARD HOLD VOTING RIGHTS. |
| REVIEW PROCESS | FORM 990, PART VI, LINE 11 | THE FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS TO BE REVIEWED PRIOR TO BEING FILED. PRIOR TO SAID REVIEW, IT WILL BE REVIEWED BY THE TREASURER OF THE BOARD. |
| EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS | FORM 990, PART VI, LINE 12C | EACH BOARD MEMBER SIGNS AN ANNUAL STATEMENT THAT THEY ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT NO CONFLICTS HAVE OCCURRED DURING THE YEAR. THIS IS MAINTAINED BY THE BOARD FOR THE TRUSTEE AS WELL AS FOR THE PRESIDENT. THE ANNUAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S CFO AND DISCUSSED WITH THE AUDIT COMMITTEE WHEN A CONFLICT ARISES. THE AUDIT COMMITTEE RECUSES ITSELF FROM ANY VOTING RELATED TO THE CONFLICTED ACTIVITY. THE PRESIDENT'S OFFICE WITH THE ASSISTANCE OF THAT OF THE CONTROLLER MONITORS ALL CONTRACTS AND ACTIONS OF ALL EMPLOYEES ON A REGULAR BASIS. |
| COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEE | FORM 990, PART VI, LINES 15A AND 15B | COMPENSATION REVIEW WAS DONE BY YAFFEE & CO., AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE FINDINGS AND LOOKED AT COMPARABLE COMPENSATIONS AT OTHER COLLEGES IN THE U.S. AND ABROAD. IT WAS THE COMMITTEE'S FUNCTION TO MONITOR COMPENSATION AND REPORT THEIR RECOMMENDATIONS TO THE FULL BOARD. THE FINANCE COMMITTEE REVIEWED THE BUDGETED SALARY FOR THE FISCAL YEAR TO THE ACTUAL AMOUNTS PAID. COMPENSATION IS BUDGETED AND MONITORED ANNUALLY. THE PRESIDENT'S CONTRACT BECAME EFFECTIVE 7/1/2008. THIS REVIEW WAS LAST COMPLETED IN JUNE 2011 IN WHICH AN OPINION ON THE COMPENSATION LEVEL OF THE ORGANIZATION'S PRESIDENT WAS PROVIDED. |
| OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE | FORM 990, PART VI, LINE 19 | THE GOVERNING DOCUMENTS, AS WELL AS, THE CONFLICT OF INTEREST POLICY MAY BE REQUESTED FROM BOARD MEMBERS AT THE OFFICE OF THE CONTROLLER OF THE INSTITUTION IN ATHENS, GREECE. |
| COMPENSATION | FORM 990, PART VII, SECTION A | THE TRUSTEES OF THE AMERICAN COLLEGE OF GREECE ARE UNPAID VOLUNTEERS. THE OFFICERS OF THE BOARD OF TRUSTEES ARE LISTED AS OFFICERS, BUT ARE UNPAID. MOST EMPLOYEES OF THE COLLEGE WORK IN GREECE AND ARE NOT U.S. CITIZENS AND THEREFORE DO NOT HAVE ANY FILING OF FORM W-2 OR 1099-MISC. IF SAID FILINGS WOULD HAVE BEEN REQUIRED, NO EMPLOYEE HAD INCOME IN EXCESS OF $150,000 IN 2010. |
| AVERAGE HOURS WORKED FOR A RELATED ORGANIZATION | FORM 990, PART VII, SECTION A | DR. DAVID G. HORNER WORKED 10 HOURS FOR THE AMERICAN UNIVERSITY OF GREECE, A RELATED ORGANIZATION. GABRIEL ALEXOPOULOS WORKED 10 HOURS FOR THE AMERICAN COLLEGE OF GREECE - DEREE, A RELATED ORGANIZATION. ILIANA LAZUNA WORKED 10 HOURS FOR THE AMERICAN COLLEGE OF GREECE - DEREE, A RELATED ORGANIZATION. |
| FOREIGN EXCHANGE DIFFERENTIALS | FORM 990, PARTS VIII AND IX | FOREIGN EXCHANGE GAINS OF $11,175,357 DUE TO CURRENCY FLUCTUATIONS RELATED TO ASSETS ARE NOT REFLECTED PART VIII OR PART IX OF THIS TAX RETURN. |
| OTHER CHANGES IN NET ASSETS OR FUND BALANCES | FORM 990, PART XI, LINE 5 | THE OTHER CHANGES ON THIS LINE ARE: UNREALIZED GAIN $4,972,117 INTERCOMPANY TRANSFERS ($35,005,709) CURRENT YEAR TRANSLATION $11,175,357 ------------- ($18,858,235) ============= |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| THE AMERICAN UNIVERSITY OF GREECE | ||||||||||||||
| C/O FORGACH 53 N PARK AVE50 | ROCKVILLE CENTRE | NY | 11570 | 841217703 | SUPPORT | CO | 501(C)(3) | 11 TYPE-I | ACG | |||||
| AMERICAN COLLEGE OF GREECE - DEREE | ||||||||||||||
| 980611322 | COLLEGE | 501(C)(3) | 2 | ACG | 6 GRAVIAS ST | ATHENS, AGHIA PARASKEVI GR | GR | 153 42 | GR | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| ACG - DEREE COLLEGE | |
| I | 1621026 |
| ACG - DEREE COLLEGE | |
| Q | 3736599 |
| AMERICAN UNIVERSITY OF GREECE | |
| Q | 34000000 |
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