The American College Of The Mediterranean
- Assets
- $15.5m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Tempe, AZ
- Founding
- 04/2019
- Data as of
- 07/2023
- EIN
- 82-2123116
Organization Overview
The American College Of The Mediterranean is located in Tempe, AZ. The organization was established in 2019. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2023, American College Of The Mediterranean employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of The Mediterranean 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 07/2023, American College Of The Mediterranean generated $16.6m in total revenue. All expenses for the organization totaled $14.0m during the year ending 07/2023. While expenses have increased by 94.2% per year over the past 5 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 MISSION OF THE AMERICAN COLLEGE OF THE MEDITERRANEAN IS TO PROVIDE EXCELLENCE IN INTERNATIONAL EDUCATION, INSPIRE INTERCULTURAL AWARENESS, AND PREPARE STUDENTS FOR SUCCESS IN A GLOBAL COMMUNITY THROUGH THE STUDY OF EUROPEAN AND MEDITERRANEAN HISTORY, LANGUAGES, CULTURES, AND CONTEMPORARY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN COLLEGE OF THE MEDITERRANEAN ("ACM") IS AN INSTITUTION OF HIGHER LEARNING OFFERING AMERICAN-STYLE UNDERGRADUATE AND GRADUATE DEGREES TO STUDENTS IN ATTENDANCE AT ITS MAIN CAMPUS LOCATED IN AIX-EN-PROVENCE FRANCE. ACM IS THE SUCCESSOR ORGANIZATION FROM THE MERGER OF ACM AND THE INSTITUTE FOR AMERICAN UNIVERSITIES ("IAU"), A NEW YORK NOT-FOR-PROFIT EDUCATIONAL CORPORATION, WHICH HAS PROVIDED ACADEMIC PROGRAMS IN AIX-EN-PROVENCE FOR AMERICAN UNIVERSITY STUDENTS SPENDING AN ACADEMIC YEAR OR SEMESTER ABROAD SINCE ITS FOUNDING IN 1957. ACM WAS ESTABLISHED TO EXPAND UPON A LONG HISTORY OF AMERICAN-STYLE HIGHER EDUCATION IN SOUTHERN FRANCE BY LEVERAGING THE TALENTS OF AN EXISTING FACULTY, THE FACILITIES OF AN HISTORIC CAMPUS, AND THE CULTURAL DIVERSITY OF ITS MEDITERRANEAN LOCATION THROUGH THE INTRODUCTION OF SEVERAL BACHELOR'S AND MASTER'S PROGRAMS IN THE ARTS, SOCIAL SCIENCES, AND BUSINESS.THE INSTITUTE FOR AMERICAN UNIVERSITIES ("IAU") WAS THE SOLE CORPORATE MEMBER OF THE AMERICAN COLLEGE OF THE MEDITERRANEAN.IAU AND ACM MERGED EFFECTIVE JULY 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Granara PHD Director | Trustee | 1 | $0 |
Sanford J Ungar Director | Trustee | 1 | $0 |
Olivier Breillot Director | Trustee | 1 | $0 |
Mary Frances Pearson JD Director | Trustee | 1 | $0 |
Marianne Keler Director | Trustee | 1 | $0 |
Joseph M Herlihy Board Chair | Trustee | 1 | $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 | $573,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,615 |
| Total Program Service Revenue | $15,974,917 |
| Investment income | $40,306 |
| 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 | $16,589,967 |
| 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. | $914,437 |
| Compensation of current officers, directors, key employees. | $402,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,621,430 |
| Pension plan accruals and contributions | $792,475 |
| Other employee benefits | $251,891 |
| Payroll taxes | $255,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,726 |
| Fees for services: Accounting | $96,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,268 |
| Fees for services: Other | $275,691 |
| Advertising and promotion | $180,448 |
| Office expenses | $179,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $469,157 |
| Travel | $485,907 |
| 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 | $300,217 |
| Insurance | $250,504 |
| All other expenses | $0 |
| Total functional expenses | $14,014,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,456,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $515,053 |
| 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 | $256,090 |
| Net Land, buildings, and equipment | $4,488,304 |
| Investments—publicly traded securities | $4,643,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,169,496 |
| Total assets | $15,528,367 |
| Accounts payable and accrued expenses | $603,510 |
| Grants payable | $0 |
| Deferred revenue | $534,990 |
| 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 | $359,530 |
| Other liabilities | $1,168,081 |
| Total liabilities | $2,666,111 |
| Net assets without donor restrictions | $12,862,256 |
| 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 | $15,528,367 |