College Year In Athens Inc
- Assets
- $7.1m
- Revenue
- $6.8m
- Investments
- $79.8k
- Employees
- 13
- Location
- Cambridge, MA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 04-2374513
Organization Overview
College Year In Athens Inc is located in Cambridge, MA. The organization was established in 1998. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, College Year In Athens Inc employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. College Year In Athens Inc 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 06/2022, College Year In Athens Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RUNNING EDUCATIONAL PROGRAMS IN GREECE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM OF COURSES IN GREEK AND EAST MEDITERRANEAN STUDIES FOR NORTH AMERICAN COLLEGE LEVEL STUDENTS. SERVICED 923 STUDENTS IN FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Kondoleon Trustee | Trustee | 0.5 | $0 |
Daphne Hatsopoulos Secretary | OfficerTrustee | 4 | $0 |
Brian Martens Trustee | Trustee | 0.5 | $0 |
Andrea Hannon Brown Trustee | Trustee | 0.5 | $0 |
Yannis Ioannides Trustee | Trustee | 0.5 | $0 |
Julia Hotz Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,003 |
| Total Program Service Revenue | $6,465,410 |
| Investment income | $9,606 |
| 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 | $6,764,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,327 |
| Compensation of current officers, directors, key employees. | $205,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,850 |
| Payroll taxes | $36,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,365 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,080 |
| Advertising and promotion | $47,792 |
| Office expenses | $78,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,628 |
| Travel | $96,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $214,111 |
| All other expenses | $28,837 |
| Total functional expenses | $5,867,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,409 |
| Savings and temporary cash investments | $5,636,347 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $454,855 |
| 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 | $205,856 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $79,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $558,673 |
| Total assets | $7,148,407 |
| Accounts payable and accrued expenses | $167,867 |
| Grants payable | $0 |
| Deferred revenue | $359,438 |
| 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 | $0 |
| Total liabilities | $527,305 |
| Net assets without donor restrictions | $6,382,694 |
| Net assets with donor restrictions | $238,408 |
| 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 | $7,148,407 |
Grants Awarded
Over the last fiscal year, College Year In Athens Inc has awarded $339,187 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ISMENE PHYLACTOPOULOUS FOUNDATION PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $227,952 |
THE GEORGE PHYLACTOPOULOUS FOUNDATION PURPOSE: RUNNING EDUCATIONAL PROGRAMS IN GREECE | $111,235 |