American International School Of Lagos Nigeria
- Assets
- $73.8m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- Data as of
- 07/2022
- EIN
- 85-2846654
Organization Overview
American International School Of Lagos Nigeria is located in Alexandria, VA. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American International School Of Lagos Nigeria 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 07/2022, American International School Of Lagos Nigeria generated $15.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $11.6m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 3 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 OF THE AMERICAN INTERNATIONAL SCHOOL OF LAGOS IS TO SERVE THE EDUCATIONAL NEEDS OF THE INTERNATIONAL COMMUNITY OF LAGOS. WE ARE A CO-EDUCATIONAL AND NO-SECTARIAN INSTITUTION THAT WELCOMES STUDENTS OF ALL NATIONALITIES, RACES, RELIGIONS AND CULTURES. WE RECOGNIZE THE VALUE OF THE DIVERSITY OF THE SCHOOL AND THE ADMISSION POLICIES ARE DESIGNED TO MAINTAIN AN APPROPRIATE BALANCE OF DIVERSITY AND PRESERVE OUR FUNDAMENTAL IDENTITY AS AN AMERICAN INTERNATIONAL SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A COMPREHENSIVE EDUCATIONAL PROGRAM WHICH WILL MEET THE NEED OF ITS PUPILS. ATTENTION WILL BE GIVEN TO PREPARING PUPILS FOR ADMISSION WHEN TRANSFER IS NECESSARY, TO THE COUNTERPART EDUCATIONAL INSTITUTIONS IN THE UNITED STATES OF AMERICA AND AT SUCH TIMES AS FACILITIES PERMIT PUPILS WILL BE PREPARED FOR TRANSFER TO COUNTERPART SCHOOLS IN NIGERIA AND OTHER COUNTRIES FROM WHICH THEY MAY COME.TO SERVE A FUNCTIONAL NEED BY PROVIDING EDUCATIONAL FACILITIES FOR CHILDREN OF AMERICAN OVERSEAS PERSONNEL, FOR NIGERIAN CHILDREN AND FOR CHILDREN OF VARIOUS EXPATRIATE GROUPS LIVING IN AND AROUND THE CITY OF LAGOS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Safieddine President | Trustee | 5 | $0 |
Andrew Nahman Res 31 May 22 Secretary | Trustee | 5 | $0 |
Femi Ogunlowo Eff 04 Oct 21 Director | Trustee | 2 | $0 |
Ben Meyer Eff 24 Jan 2023 Treasurer | Trustee | 5 | $0 |
Nada Matni Beylouny Vice President | Trustee | 5 | $0 |
Amira Aly Director | 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 | $114,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,000 |
| Total Program Service Revenue | $15,235,000 |
| Investment income | $138,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,471,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,133,000 |
| Pension plan accruals and contributions | $402,000 |
| Other employee benefits | $1,846,000 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,000 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | -$49,000 |
| Fees for services: Other | $37,000 |
| Advertising and promotion | $0 |
| Office expenses | $64,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,835,000 |
| 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 | $807,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,569,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,738,000 |
| Savings and temporary cash investments | $3,253,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $382,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,397,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,806,000 |
| Accounts payable and accrued expenses | $12,370,000 |
| Grants payable | $0 |
| Deferred revenue | $324,000 |
| 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 | $12,694,000 |
| Net assets without donor restrictions | $61,112,000 |
| 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 | $73,806,000 |
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