Trustees Of The American School Of Classical Studies At Athens
- Assets
- $208.5m
- Revenue
- $26.8m
- Investments
- $34.4m
- Employees
- 25
- Location
- Princeton, NJ
- Founding
- 08/1932
- Data as of
- 06/2022
- EIN
- 13-5658824
Organization Overview
Trustees Of The American School Of Classical Studies At Athens, operating under the name American School of Classical Studies at Athens, is located in Princeton, NJ. The organization was established in 1932. As of 06/2022, American School of Classical Studies at Athens employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American School of Classical Studies at Athens 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, American School of Classical Studies at Athens generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $14.1m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
THE AMERICAN SCHOOL OF CLASSICAL STUDIES AT ATHENS ASCSA FOR MORE THAN A CENTURY HAS BEEN THE LEADING U.S. TEACHING AND RESEARCH INSTITUTION IN GREECE DEDICATED TO THE STUDY OF ALL ASPECTS OF GREEK CIVILIZATION FROM ANTIQUITY TO PRESENT DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND STUDENT SERVICES THE SCHOOL IS A NON-DEGREE GRANTING OVERSEAS RESEARCH INSTITUTION WITH A 9-MONTH PROGRAM OF STUDY FOR APPROXIMATELY 20 GRADUATE LEVEL-STUDENTS AN INDEPENDENT STUDY FACILITY FOR OVER 80 POST-GRADUATE SCHOLARS ONE 6-WEEK SUMMER PROGRAM FOR ABOUT 20 STUDENTS AND TEACHERS AND TWO 3-WEEK SUMMER PROGRAMS WITH APPROXIMATELY 15 STUDENTS IN EACH. IN ADDITION THERE ARE STUDY TRIPS MADE AVAILABLE TO STUDENTS AND VISITING SCHOLARS. THE SCHOOL MAINTAINS APPROXIMATELY 4 FULL-YEAR FACULTY ON SITE EACH YEAR.
EXCAVATIONS: THE SCHOOL MAINTAINS TWO YEAR-ROUND EXCAVATION SITES IN THE ATHENIAN AGORA AND AT ANCIENT CORINTH. IN THE SPRING APPROXIMATELY 20 STUDENTS TAKE PART IN THREE 4-WEEK EXCAVATION SESSIONS AT CORINTH AND DURING THE SUMMER APPROXIMATELY 40 STUDENTS TAKE PART IN AN 8-WEEK EXCAVATION SEASON AT THE AGORA. BOTH EXCAVATIONS MAINTAIN ARCHAEOLOGICAL COLLECTIONS WHICH ARE OVERSEEN BY THE GREEK ARCHAEOLOGICAL SERVICE.
PUBLICATION AND LIBRARIES: THE AMERICAN SCHOOL MAINTAINS AND OPERATES TWO RESEARCH LIBRARIES HOLDING ABOUT 265,000 VOLUMES IN TOTAL. THE BLEGEN LIBRARY HAS ONE OF THE MOST COMPLETE COLLECTIONS IN THE WORLD FOR RESEARCH IN THE CIVILIZATION OF ANCIENT GREECE. THE GENNADIUS LIBRARY HOUSES BOTH VOLUMES AND ELECTRONIC RESOURCES WHICH COMPRISE ONE OF THE MOST SIGNIFICANT COLLECTIONS FOR THE STUDY OF HELLENIC CIVILIZATION AFTER THE END OF ANTIQUITY. THE SCHOOL PUBLISHES SCHOLARLY RESEARCH IN THE FORM OF BOOKS 3-5 VOLUMES PER YEAR AND A QUARTERLY JOURNAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Orfanakos Executive Director | Officer | 40 | $262,888 |
P Panos Euro Salaried Note Sch J General Manager | Officer | 40 | $181,816 |
J Neils Director Of The School | Officer | 40 | $180,738 |
M Schneller Director Of Finance And Administration | Officer | 40 | $149,359 |
J Camp Excavation Director | 40 | $109,184 | |
M Georgopoulou Library Director | 40 | $105,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackrock Financial Management Investment Services | 6/29/21 | $247,718 |
6-8 Charlton Llc | 6/29/21 | $102,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,000 |
| Related organizations | $0 |
| Government grants | $79,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,130,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,279,879 |
| Total Program Service Revenue | $600,690 |
| Investment income | $3,496,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,657,638 |
| Net Income from Fundraising Events | $746,015 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,781,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $417,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $282,350 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $984,266 |
| Compensation of current officers, directors, key employees. | $307,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,503,745 |
| Pension plan accruals and contributions | $188,944 |
| Other employee benefits | $379,161 |
| Payroll taxes | $695,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,221 |
| Fees for services: Accounting | $143,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $346,572 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,873 |
| Office expenses | $322,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,089,595 |
| Travel | $78,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,452,988 |
| Insurance | $216,926 |
| All other expenses | $87,370 |
| Total functional expenses | $14,054,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,701,207 |
| Accounts receivable, net | $0 |
| 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 | $125,138 |
| Net Land, buildings, and equipment | $18,897,094 |
| Investments—publicly traded securities | $142,868,731 |
| Investments—other securities | $34,382,789 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,545,974 |
| Accounts payable and accrued expenses | $536,595 |
| Grants payable | $0 |
| Deferred revenue | $156,620 |
| 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 | $693,215 |
| Net assets without donor restrictions | $96,693,475 |
| Net assets with donor restrictions | $111,159,284 |
| 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 | $208,545,974 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Trustees Of The American School Of Classical Studies At Athens has recieved totaling $6,018,988.
| Awarding Organization | Amount |
|---|---|
Malcolm Hewitt Wiener Foundation New York, NY PURPOSE: ARCHAEOLOGICAL INSTITUTE IN ATHENS, WIENER LAB PLEDGE | $3,500,000 |
Malcolm Hewitt Wiener Foundation New York, NY PURPOSE: ARCHAEOLOGICAL INSTITUTE IN ATHENS, WIENER LAB OPERATING EXPENSES | $1,500,000 |
Malcolm Hewitt Wiener Foundation New York, NY PURPOSE: ARCHAEOLOGICAL INSTITUTE IN ATHENS, LAB EQUIPMENT | $500,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: SPECIAL PURPOSE | $150,000 |
Georg & Judy Marcus Family Foundation Palo Alto, CA PURPOSE: CHARITY | $125,000 |
Steinmetz Foundation Torrance, CA PURPOSE: TO SUPPORT RESEARCH ON THE PHALERON BIOARCHAEOLOGICAL PROJECT. | $80,000 |
Endowment Analysis
| Beg. Balance | $200,518,333 |
| Earnings | -$22,854,985 |
| Net Contributions | $14,741,945 |
| Other Expense | -$6,368,039 |
| Grants | -$663,219 |
| Ending Balance | $185,374,035 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Glenstone Foundation Potomac, MD | $0 | $596,667,510 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Alvin Ailey Dance Foundation Inc New York, NY | $224,568,695 | $40,132,303 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
New York City Ballet Inc New York, NY | $352,054,118 | $35,122,869 |
1389 Superior Credit Union Inc Lima, OH | $1,486,357,264 | $59,843,984 |
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |