Istanbul International Community School Inc
- Assets
- $19.0m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1987
- Data as of
- 06/2022
- EIN
- 13-3321837
Organization Overview
Istanbul International Community School Inc is located in Princeton, NJ. The organization was established in 1987. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Istanbul International Community School 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, Istanbul International Community School Inc generated $13.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE IS TO PROVIDE TEACHERS AND ADMINISTRATORS AS WELL AS FACILITIES AND EQUIPMENT, INCLUDING DORMITORIES, FACULTY AND ADMINISTRATIVE SERVICES FOR A PRIMARY AND SECONDARY SCHOOL IN ISTANBUL, TURKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIMARY AND SECONDARY SCHOOL FOR INTERNATIONAL COMMUNITY OF ISTANBUL, TURKEY. THE SCHOOL PROVIDES TEACHERS AND ADMINISTRATION AS WELL AS FACILITIES. APPROXIMATELY 475 STUDENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Richards Vice Chairman | OfficerTrustee | 5 | $0 |
Elizabeth Duffy President | OfficerTrustee | 5 | $0 |
Yu Shik Kim Treasurer | OfficerTrustee | 5 | $0 |
Deirdre A Simon Secretary/ Treasurer | OfficerTrustee | 5 | $0 |
Ferhat Ferhangil Chairperson | OfficerTrustee | 5 | $0 |
Figen Underdown Board Secretary | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,934,033 |
| Investment income | $770,762 |
| 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 | $13,733,005 |
| 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 | $9,059,994 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,022 |
| Fees for services: Legal | $456 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $396,941 |
| Insurance | $2,133 |
| All other expenses | $127,852 |
| Total functional expenses | $12,059,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,662,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,273 |
| Prepaid expenses and deferred charges | $452,905 |
| Net Land, buildings, and equipment | $10,509,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,158 |
| Total assets | $19,037,423 |
| Accounts payable and accrued expenses | $382,080 |
| Grants payable | $0 |
| Deferred revenue | $4,051,846 |
| 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 | $124,307 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $877,612 |
| Total liabilities | $5,435,845 |
| Net assets without donor restrictions | $13,601,578 |
| Net assets with donor restrictions | $0 |
| 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 | $19,037,423 |
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