Paideia Institute For Humanistic Study Inc
- Assets
- $1.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- 04/2013
- Data as of
- 08/2023
- EIN
- 45-4597273
Organization Overview
Paideia Institute For Humanistic Study Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Paideia Institute For Humanistic Study Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paideia Institute For Humanistic Study 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 08/2023, Paideia Institute For Humanistic Study Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $4.9m during the year ending 08/2023. While expenses have increased by 8.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PAIDEIA INSTITUTE (PI) AIMS TO PROMOTE THE STUDY OF THE HUMANITIES THROUGH EDUCATIONAL PROGRAMMING IN EUROPE AND THE UNITED STATES. BY 'HUMANISTIC' PI UNDERSTANDS NOT ONLY THE MATERIAL THAT IS TAUGHT, NAMELY THOSE ACADEMIC DISCIPLINES WHICH STUDY THE PRODUCTIONS OF HUMAN CULTURE IN DISTINCTION FROM THE NATURAL OR SOCIAL SCIENCES, BUT ALSO HOW THAT MATERIAL IS PRESENTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICAL TOURS. THE PURPOSE OF THESE TOURS IS TO SPREAD HUMANISTIC STUDY AND KNOWLEDGE OF CLASSICAL ANTIQUITY TO A BROADER BASE THAN CAN BE SERVED BY OUR INDEPENDENT PROGRAMMING AND TO MAKE AVAILABLE OUR LOCAL KNOWLEDGE SO AS TO HELP INSTRUCTORS OF LATIN AND GREEK AT HIGH SCHOOLS AND UNIVERSITIES CREATE TRIPS TO EUROPE FOR THEIR OWN STUDENTS. THE LENGTH OF EACH TRIP VARIED FROM 7 TO 21 DAYS.
TELEPAIDEIA OFFERS COURSES ON CLASSICAL HUMANITIES, SUCH AS TEACHING LATIN AND GREEK ON-LINE. THE INSTITUTE ALSO RUNS LIVING GREEK COURSES IN GREECE, A TEACHING CONFERENCE IN NEW YORK, AND MANY OTHER EVENTS. THESE PROGRAMS VARY FROM ONE-DAY EVENTS TO TWO-WEEK COURSES. THESE PROGRAMS ALLOW TEACHERS AND STUDENTS OF LATIN TO EXPLORE AND PRACTICE THE ACTIVE USE OF LATIN IN THE CLASSROOM.
THE PAIDEIA INSTITUTE RUNS VARIOUS "LIVING IN" PROGRAMS. THIS INCLUDES LIVING GREEK IN GREECE, LIVING LATIN IN PARIS, LIVING LATIN IN ROME AND LIVING LATIN IN ROME FOR HIGH SCHOOL STUDENTS.THESE PROGRAMS OFFER THE UNUSUAL PEDAGOGICAL APPROACH OF TREATING LATIN AS A SPOKEN LANGUAGE, COMBINED WITH EXTENSIVE VISITS TO ANCIENT ROMAN SITES. EACH COURSE LASTED TWO WEEKS AND INVOLVED TWO HOURS OF CLASSROOM TIME PER DAY, PLUS TWO OR THREE HOUR SITE VISITS THREE DAYS A WEEK AND ONE AND A HALF HOUR PRACTICE SESSIONS TWICE A WEEK, FOR A TOTAL OF 21 HOURS OF FORMAL TEACHING PER WEEK.
THE PAIDEIA INSTITUTE IS COMMITTED TO EXPANDING ACCESS TO THE CLASSICAL HUMANITIES AND TO BUILDING AND SUPPORTING A NETWORK OF INDIVIDUALS WHO CARE DEEPLY ABOUT ANCIENT LANGUAGES, LITERATURE, HISTORY, AND ART. PAIDEIA'S OUTREACH INITIATIVES FALL INTO THREE MAIN CATEGORIES:TEACHING LITERACY WITH LATIN, CAREERS FOR CLASSICISTS, AND PUBLICATIONS. IN 2022, 500 STUDENTS ENROLLED IN THE INSTITUTE'S STUDY ABROAD PROGRAMS, AND THE INSTITUTE OFFERED EIGHT FULL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Pedicone President | OfficerTrustee | 40 | $132,871 |
Daniel G Cohen Board Member | Trustee | 2 | $0 |
Joshua Davis Board Member | Trustee | 2 | $0 |
Kathleen DE Riesthal Board Member | Trustee | 2 | $0 |
James Hankin Board Member | Trustee | 2 | $0 |
Ben Marrow Board Member | Trustee | 2 | $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 | $554,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,119 |
| Total Program Service Revenue | $3,127,030 |
| Investment income | $5,210 |
| 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 | $3,702,952 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $302,873 |
| Compensation of current officers, directors, key employees. | $42,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,102 |
| Pension plan accruals and contributions | $38,357 |
| Other employee benefits | $115,119 |
| Payroll taxes | $243,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,555 |
| Fees for services: Accounting | $33,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,025 |
| Advertising and promotion | $62,551 |
| Office expenses | $19,951 |
| Information technology | $63,670 |
| Royalties | $0 |
| Occupancy | $92,582 |
| Travel | $22,882 |
| 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 | $32,428 |
| All other expenses | $31,021 |
| Total functional expenses | $4,927,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,845 |
| Savings and temporary cash investments | $690,691 |
| Pledges and grants receivable | $24,205 |
| 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 | $91,446 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,516 |
| Total assets | $1,185,703 |
| Accounts payable and accrued expenses | $103,319 |
| Grants payable | $0 |
| Deferred revenue | $126,754 |
| 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 | $1,903,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $276,117 |
| Total liabilities | $2,409,496 |
| Net assets without donor restrictions | -$1,337,019 |
| Net assets with donor restrictions | $113,226 |
| 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 | $1,185,703 |