2018-05-11T11:10:42-05:00 2017-06-30 GRANT THORNTON LLP 75 State Street Boston MA 02109 990 2016-07-01 841217703 THE AMERICAN UNIVERSITY OF GREECE % KELLY MORRA AMER 8572847908 31 STATE STREET FLOOR 4 BOSTON MA 02109 KELLY A MORRA VP of Finance & CFO 8572847908 2018-05-09 true Curtis Young P01533495 6177237900 2016 2022-09-23 18:48:47Z DR DAVID G HORNER 31 STATE STREET FLOOR 4 BOSTON MA 02109 63253932 false X N/A X 1991 CO ACTS AS A SUPPORTING ORGANIZATION WITH FINANCIAL ASSISTANCE FOR THE SOLE BENEFIT OF THE AMERICAN COLLEGE OF GREECE WHICH CONSISTS OF A HIGH SCHOOL AND COLLEGE IN ATHENS, GREECE. 25 25 10 25 0 0 0 0 0 0 332827 2196737 0 0 332827 2196737 0 0 0 0 1321172 1357370 0 0 0 930833 950666 2252005 2308036 -1919178 -111299 179183162 198306966 1936667 1845748 177246495 196461218 TO SUPPORT THE AMERICAN COLLEGE OF GREECE WHICH CONDUCTS AND MAINTAINS SCHOOLS & INSTITUTIONS OF LEARNING IN GREECE. false false 1853925 THE AMERICAN UNIVERSITY OF GREECE (AUG) HAS PROVIDED FINANCIAL SUPPORT FOR THE AMERICAN COLLEGE OF GREECE (ACG) BY PAYING PROGRAM EXPENSES OF $1,853,925 PLUS MANAGEMENT AND GENERAL EXPENSES OF $454,111 ON ITS BEHALF. THIS ASSISTED THE AMERICAN COLLEGE OF GREECE IN BEING ABLE TO FURTHER ITS OWN TAX EXEMPT PURPOSES BY UTILIZING ITS OWN FUNDS FOR EDUCATION. 1853925 true false false false false false false false false false true true false false true true false true false true true false false false false false false false false true false false false false false false true false false false false false false true true true false false true 10 0 true 10 true false false false false false false false false false false X 25 25 false false false false false false false true true false false true true true true true true true false false MA X X KELLY MORRA 8572847908 31 STATE STREET FLOOR 4 BOSTON MA 02109 PHILIP C KOROLOGOS ESQ CHAIR 1.0 2.0 X X 0 0 0 SPIROS BOUAS VICE CHAIR 1.0 2.0 X X 0 0 0 NIKOLAOS KOUMETTIS VICE CHAIR 1.0 2.0 X X 0 0 0 DR ANTHONY T KRONMAN VICE CHAIR 1.0 2.0 X X 0 0 0 HAROLD LEVY VICE CHAIR 1.0 2.0 X X 0 0 0 DEMETRIOS LOGOTHETIS VICE CHAIR 1.0 2.0 X X 0 0 0 DR CONCETTA M STEWART SECRETARY 1.0 2.0 X X 0 0 0 DR BILL ANTHOLIS TRUSTEE 1.0 2.0 X 0 0 0 JOHN CHACHAS TRUSTEE 1.0 2.0 X 0 0 0 NIKOS M EBEOGLOU TRUSTEE 1.0 2.0 X 0 0 0 DR MATT GLENDINNING TRUSTEE 1.0 2.0 X 0 0 0 DR DENA HARITOS TSAMITIS TRUSTEE 1.0 2.0 X 0 0 0 KOSMO KALLIAREKOS TRUSTEE 1.0 2.0 X 0 0 0 DR MARTHA J KANTER TRUSTEE 1.0 2.0 X 0 0 0 ULYSSES A KYRIACOPOULOS TRUSTEE 1.0 2.0 X 0 0 0 VANA LAVIDAS TRUSTEE 1.0 2.0 X 0 0 0 LEE ANN LEAHY TRUSTEE 1.0 2.0 X 0 0 0 ALEXANDER MACRIDIS TRUSTEE 1.0 2.0 X 0 0 0 ANGELO MANIOUDAKIS TRUSTEE 1.0 2.0 X 0 0 0 DR DAN MILLER TRUSTEE 1.0 2.0 X 0 0 0 LISA O'DONNELL TRUSTEE 1.0 2.0 X 0 0 0 ALEXANDRA PAPALEXOPOULOU TRUSTEE 1.0 2.0 X 0 0 0 DR JOHN PYROVOLAKIS TRUSTEE 1.0 2.0 X 0 0 0 MILTON SIPP TRUSTEE 1.0 2.0 X 0 0 0 LENA G TRIANTOGIANNIS TRUSTEE 1.0 2.0 X 0 0 0 DR DAVID G HORNER PRESIDENT 15.0 35.0 X 375645 267896 77254 KELLY A MORRA VP OF FINANCE, CFO AND TREAS 10.0 30.0 X 258654 0 51355 THIMIOS D ZAHAROPOULOS PROVOST 10.0 40.0 X 82153 164036 42231 ADAM STEINBERG DIR OF MAJOR GIFTS (NORTH AM.) 40.0 0.0 X 127905 0 19386 844357 431932 190226 3 false true false CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INV MGMT FEE 343608 1 0 0 167806 167806 0 0 0 0 0 63086126 61057195 2028931 2028931 2028931 0 0 0 0 0 0 0 0 0 0 2196737 2196737 0 0 0 0 835096 835096 40000 40000 345985 345985 46302 46302 25415 25415 64572 64572 27666 27666 34650 34650 70478 70478 0 0 419461 419461 33916 33916 10749 10749 37302 37302 3944 3944 0 51401 51401 179814 179814 0 70223 70223 0 0 0 11062 11062 2308036 1853925 454111 0 481178 520440 692905 9152934 0 0 5698948 13174485 0 0 0 0 0 0 0 0 36261 82650 20413 20413 8787570 8929214 163442273 166387823 0 0 0 0 44027 59420 179183162 198306966 234079 151624 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1702588 1694124 1936667 1845748 X 177246495 196461218 0 0 0 0 177246495 196461218 179183162 198306966 X -111299 24326022 -5000000 X false true X true false X X X 1 THE AMERICAN COLLEGE OF GREECE 042306054 2 true 2308036 0 1 2308036 0 true false false false false false false false false false false false false false false true false 20413 20413 EQUITY AND HEDGE FUNDS 166387823 F 166387823 0 INTERCOMPANY PAYABLE - ACG US 1648897 457B LIABILITY 45227 1694124 X FIN 48 FOOTNOTE PART X, LINE 2 AUG WAS ORGANIZED TO SUPPORT THE OPERATIONS OF ACG AND IS DESCRIBED IN SECTION 501(C)(3) OF THE CODE, AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. Central America and the Caribbean Investments 142716717 Europe (Including Iceland and Greenland) 3 Program Services Employment 557814 3 3 143274531 143274531 true false true false true false X X X true true X X X X false false false false false false false false false DR DAVID G HORNER PRESIDENT 154220 263672 180000 0 41425 4224 58125 0 1560 17569 435330 285465 0 0 KELLY A MORRA VP OF FINANCE, CFO AND TREAS 258240 0 0 0 414 0 31500 0 19855 0 310009 0 0 0 THIMIOS D ZAHAROPOULOS PROVOST 82153 159964 0 0 0 4072 31688 0 1248 9295 115089 173331 0 0 Schedule J, Part I, Line 1a SPOUSE TRAVEL: THE RELATED ORGANIZATION THE AMERICAN COLLEGE OF GREECE PAYS FOR TRAVEL FOR THE PRESIDENT'S SPOUSE, WHO IS AN EMPLOYEE, FOR PURPOSES OF CONDUCTING BUSINESS OF THE COLLEGE. THIS BENEFIT IS TREATED AS A REIMBURSED BUSINESS EXPENSE AND IS NOT CONSIDERED COMPENSATION TO THE PRESIDENT. GROSS UP PAYMENTS: MR. THIMIOS D. ZAHAROPOULOS' TAXABLE WAGES DURING CALENDAR YEAR 2016 WERE INCREASED TO COVER THE ADDITIONAL TAX LIABILITY FOR A MEDICAL STIPEND TO SECURE U.S. MEDICAL BENEFITS. MS. KELLY A. MORRA'S TAXABLE WAGES DURING CALENDAR YEAR 2016 WERE INCREASED TO COVER THE ADDITIONAL TAX LIABILITY FOR THE SCHOOL'S REIMBURSEMENT OF HER GRADUATE DEGREE TUITION. HOUSING ALLOWANCE: THE PRESIDENT RECEIVED A HOUSING ALLOWANCE DURING THE YEAR FROM THE RELATED ORGANIZATION THE AMERICAN COLLEGE OF GREECE. THE ALLOWANCE IS PROVIDED IN-KIND, AND TO SATISFY THE REQUIREMENT OF SERVICE THAT HE LIVE ON CAMPUS. THE AMOUNT OF THE ALLOWANCE IS INCLUDED IN NONTAXABLE INCOME REPORTED IN PART II. SOCIAL DUES: THE AMERICAN UNIVERSITY OF GREECE PROVIDES THE PRESIDENT WTIH A MEMBERSHIP TO THE HARVARD CLUB. THE RELATED ORGANIZATION, THE AMERICAN COLLEGE OF GREECE PAYS MEMBERSHIP DUES TO THE PROPELLOR CLUB IN GREECE. THE MEMBERSHIPS ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). PERSONAL SERVICES: THE AMERICAN UNIVERSITY OF GREECE PROVIDES THE PRESIDENT WITH FINANCIAL PLANNING-RELATED SERVICES. THE SERVICES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE RELATED ORGANIZATION THE AMERICAN COLLEGE OF GREECE PROVIDES THE PRESIDENT WITH CLEANING SERVICES FOR THE PERSONAL PORTION OF HIS HOUSING. THE SERVICES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PRESIDENT AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). Schedule J, Part I, Line 3 COMPENSATION OF THE PRESIDENT THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE FULL BOARD. ADDITIONALLY, THE PRESIDENT REPORTS TO THE FULL BOARD IN A FORMAL WRITTEN PRESIDENTS REPORT THREE TIMES EACH YEAR WITH AN UPDATE ON ALL STRATEGIC INITIATIVES AND ACADEMIC, FINANCIAL AND OTHER MATTERS OF IMPORTANCE. IN CERTAIN YEARS IN WHICH THERE ARE CHANGES TO THE PRESIDENT'S COMPENSATION OR A NEW EMPLOYMENT CONTRACT IS SIGNED, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE INDEPENDENT BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO AND PROVOST. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE US AND ABROAD. SCHEDULE J, PART II PRESIDENT'S BONUS DURING CALENDAR YEAR 2016, THE PRESIDENT RECEIVED A RETENTION-BASED BONUS FOR HIS EMPLOYMENT FOR A PERIOD OF FOUR YEARS. DR SANDRA SUE HORNER SPOUSE OF PRESIDENT 40000 EMPLOYMENT false SCHEDULE L, PART IV, COLUMN B THE UNIVERSITY ENGAGES A FAMILY MEMBER OF AN OFFICER IN THE ORDINARY COURSE OF BUSINESS. THE OFFICER DOES NOT PARTICIPATE IN ESTABLISHING THE COMPENSATION OF THE FAMILY MEMBER. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11 THE FORM 990 IS PREPARED BY THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. INITIAL REVIEW OF THE COMPLETED FORM IS PERFORMED BY THE CFO AND AUDIT COMMITTEE. AFTER COMPLETE REVIEW BY THE AUDIT COMMITTEE AND PRIOR TO FILING THE FORM, A COPY OF THE FORM AS IT IS ULTIMATELY FILED IS PROVIDED TO ALL BOARD MEMBERS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C PERSONS COVERED UNDER THE POLICY: POLICY APPLIES TO THE BOARD OF TRUSTEES, THE PRESIDENT, CFO, PROVOST, AND ALL MEMBERS OF THE PRESIDENT'S CABINET, INCLUDING THE EMPLOYEES LISTED ON THE FORM 990. PRACTICES FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICT OF INTEREST: EACH INDIVIDUAL COVERED UNDER THIS POLICY SIGNS AN ANNUAL STATEMENT THAT THEY ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT THEY DISCLOSE ANY POTENTIAL CONFLICTS. LEVEL AT WHICH CONFLICTS ARE REVIEWED: THE ANNUAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S CFO AND DISCUSSED WITH THE AUDIT COMMITTEE WHEN A CONFLICT ARISES. THE PRESIDENT'S OFFICE MONITORS ALL CONTRACTS AND ACTIONS OF ALL EMPLOYEES ON A REGULAR BASIS. LEVEL AT WHICH DETERMINATION AS TO WHETHER A CONFLICT EXISTS ARE MADE: THE AUDIT COMMITTEE MAKES THE FINAL DETERMINATION OF WHETHER A CONFLICT EXISTS. RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT: INTERESTED PERSONS ARE RECUSED FROM DISCUSSIONS AND VOTING ON ANY TOPIC THAT MAY CONSTITUTE A CONFLICT. COMPENSATION REVIEW PROCESS FORM 990, PART VI, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE FULL BOARD. ADDITIONALLY, THE PRESIDENT REPORTS TO THE FULL BOARD IN A FORMAL WRITTEN PRESIDENTS REPORT THREE TIMES EACH YEAR WITH AN UPDATE ON ALL STRATEGIC INITIATIVES AND ACADEMIC, FINANCIAL AND OTHER MATTERS OF IMPORTANCE. IN CERTAIN YEARS IN WHICH THERE ARE CHANGES TO THE PRESIDENT'S COMPENSATION OR A NEW EMPLOYMENT CONTRACT IS SIGNED, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE INDEPENDENT BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO AND PROVOST. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE US AND ABROAD. DOCUMENTS AVAILABLE TO PUBLIC FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AMERICAN UNIVERSITY OF GREECE OFFICE. THE AMERICAN COLLEGE OF GREECE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 042306054 HIGH SCHOOL GR 501(C )(3) 02 NA false THE AMERICAN COLLEGE OF GREECE - DEREE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 980611322 COLLEGE GR 501(C )(3) 02 ACG false THE AMERICAN COLLEGE OF GREECE - GREECE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR COLLEGE GR NFP ASSOC ACG false false false false false false false false false false false false true false false true false false true false