Thessalonica Agricultural & Industrial Institute
- Assets
- $79.8m
- Revenue
- $17.7m
- Investments
- $31.7k
- Employees
- 16
- Location
- New York, NY
- Founding
- 11/1953
- Data as of
- 06/2022
- EIN
- 13-1624206
Organization Overview
Thessalonica Agricultural & Industrial Institute is located in New York, NY. The organization was established in 1953. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Thessalonica Agricultural & Industrial Institute employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thessalonica Agricultural & Industrial Institute 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, Thessalonica Agricultural & Industrial Institute generated $17.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $14.7m during the year ending 06/2022. 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
EDUCATE YOUTH/ADULTS TO BECOME ACCOMPLISHED IN ASPECTS OF AGRICULTURE/ ECOLOGY & LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY ENTERPRISES PROGRAM - SEE SCHEDULE O.
THE SECONDARY SCHOOL - SEE SCHEDULE O.
OTHER PROGRAM SERVICES - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Lansdale President | OfficerTrustee | 45 | $75,744 |
Stefanos Panteliades Chairman | OfficerTrustee | 5 | $0 |
Alexander Georgiadis Vice Chairman | OfficerTrustee | 2 | $0 |
Theodora Valentis Vice Chairman | OfficerTrustee | 2 | $0 |
Constantine N Darras Treasurer | OfficerTrustee | 2 | $0 |
Sophia S Hartch Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pagoni Sa Technical Constructions Company | 6/29/22 | $912,417 |
Dei (Public Power Corporation) Electric Power | 6/29/22 | $607,830 |
Patterson Belknap Webb & Tyler Llc Legal | 6/29/22 | $430,678 |
Sogia Hellas Sa Trade Of Veterinary Products Company/ani | 6/29/22 | $319,933 |
Mytilineos Sa Natural Gas | 6/29/22 | $283,091 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,625 |
| Related organizations | $0 |
| Government grants | $313,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,196,829 |
| Noncash contributions included in lines 1a–1f | $208,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,631,354 |
| Total Program Service Revenue | $6,494,700 |
| Investment income | $476,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,966,809 |
| Net Income from Fundraising Events | -$6,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,701,076 |
| 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 | $496,888 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $525,616 |
| Compensation of current officers, directors, key employees. | $525,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,008,551 |
| Pension plan accruals and contributions | $24,139 |
| Other employee benefits | $493,832 |
| Payroll taxes | $932,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352,250 |
| Fees for services: Accounting | $444,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,625 |
| Advertising and promotion | $223,346 |
| Office expenses | $100,614 |
| Information technology | $145,645 |
| Royalties | $0 |
| Occupancy | $791,391 |
| Travel | $165,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,721 |
| Interest | $141,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,609,627 |
| Insurance | $61,039 |
| All other expenses | $23,115 |
| Total functional expenses | $14,688,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $1,418,851 |
| Pledges and grants receivable | $3,679,052 |
| Accounts receivable, net | $1,965,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $366,435 |
| Prepaid expenses and deferred charges | $184,779 |
| Net Land, buildings, and equipment | $32,289,315 |
| Investments—publicly traded securities | $39,831,237 |
| Investments—other securities | $31,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,768,133 |
| Accounts payable and accrued expenses | $12,048,126 |
| Grants payable | $0 |
| Deferred revenue | $384,131 |
| 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 | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,225,238 |
| Total liabilities | $20,157,495 |
| Net assets without donor restrictions | $35,635,643 |
| Net assets with donor restrictions | $23,974,995 |
| 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 | $79,768,133 |