Form 990 for tax year 2023
Filed by TRUSTEES OF THE AMERICAN SCHOOL OF CLASSICAL STUDIES AT ATHENS.
Totals
- Total revenue
- $14,048,677
- Total expenses
- $14,338,409
- Contributions and grants received
- $5,687,567
- Grants paid
- $594,365
- Program service revenue
- $648,039
- Investment income
- $7,420,763
- Other revenue
- $292,308
- Total assets, end of year
- $230,009,662
- Total liabilities, end of year
- $1,116,890
- Net assets or fund balances, end of year
- $228,892,772
- Program services expenses (Part IX)
- $11,918,128
- Management and general expenses
- $1,524,552
- Fundraising expenses
- $895,729
- Program service expenses (Part III)
- $11,918,128
Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$86,700
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$5,600,867
-
1g · Noncash contributions included above
$644,657
-
2a · Program service revenue: Student Tuition and Fees
total $571,615 · related or exempt $571,615 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Publication Revenues
total $186,105 · related or exempt $186,105 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Other Program Services
total -$109,681 · related or exempt -$109,681 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5,366,821 · related or exempt $0 · unrelated business $0 · excluded $5,366,821
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $2,053,942 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $2,053,942 · other assets $0
-
7d · Net gain or loss
total $2,053,942 · related or exempt $0 · unrelated business $0 · excluded $2,053,942
-
8a · Fundraising events: gross income
$497,170
-
8a · Fundraising events: contributions included on line 1c
$86,700
-
8b · Fundraising events: direct expenses
$204,862
-
8c · Net income from fundraising events
total $292,308 · unrelated business $0 · excluded $292,308
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $360,320 · program services $360,320
-
3 · Grants to foreign organizations and individuals
total $234,045 · program services $234,045
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,138,386 · program services $601,252 · management and general $312,666 · fundraising $224,468
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $3,375,070 · program services $2,594,950 · management and general $460,770 · fundraising $319,350
-
8 · Pension plan contributions
total $193,971 · program services $115,331 · management and general $24,258 · fundraising $54,382
-
9 · Other employee benefits
total $367,970 · program services $277,804 · management and general $63,760 · fundraising $26,406
-
10 · Payroll taxes
total $686,615 · program services $537,828 · management and general $105,070 · fundraising $43,717
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $85,384 · program services $42,692 · management and general $42,692 · fundraising $0
-
11c · Fees: accounting
total $139,964 · program services $69,982 · management and general $69,982 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $352,740 · program services $352,740 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $227,406 · program services $0 · management and general $0 · fundraising $227,406
-
13 · Office expenses
total $309,020 · program services $263,134 · management and general $45,886 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $914,639 · program services $735,007 · management and general $179,632 · fundraising $0
-
17 · Travel
total $134,875 · program services $109,412 · management and general $25,463 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $73,069 · program services $46,503 · management and general $26,566 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,360,940 · program services $1,308,116 · management and general $52,824 · fundraising $0
-
23 · Insurance
total $128,111 · program services $65,405 · management and general $62,706 · fundraising $0
-
24a · Other expenses: Excavation Expenses
total $2,451,629 · program services $2,451,629 · management and general $0 · fundraising $0
-
24b · Other expenses: Library Costs
total $1,089,691 · program services $1,089,691 · management and general $0 · fundraising $0
-
24c · Other expenses: Instructional, Student Service Costs
total $260,067 · program services $260,067 · management and general $0 · fundraising $0
-
24d · Other expenses: Publication Costs
total $340,628 · program services $340,167 · management and general $461 · fundraising $0
-
24e · All other expenses
total $113,869 · program services $62,053 · management and general $51,816 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,049,355 · end of year $1,214,688
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,218,983 · end of year $1,435,993
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $254,913 · end of year $164,146
-
10a · Land, buildings and equipment: cost or other basis
$42,125,044
-
10b · Land, buildings and equipment: accumulated depreciation
$24,187,854
-
10c · Land, buildings and equipment, net
beginning of year $18,477,549 · end of year $17,937,190
-
11 · Investments: publicly traded securities
beginning of year $157,795,015 · end of year $169,359,851
-
12 · Investments: other securities
beginning of year $39,426,149 · end of year $39,897,794
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $361,387 · end of year $918,913
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $257,039 · end of year $197,977
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $101,473,539 · end of year $106,102,969
-
28 · Net assets with donor restrictions
beginning of year $117,129,999 · end of year $122,789,803
Mission and programs · 2023
Mission
The broad mission of the ASCSA has remained constant over its distinguished history: teaching research archaeological exploration publication and dissemination of research. Founded in 1881 the ASCSA provides graduate students and scholars from a consortium of nearly 200 leading North American colleges universities and research institutions a base for research and study in Greece.
Activities or mission (Part I)
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.
-
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.
Expenses $2,279,604 · Grants $452,365 · Revenue $1,784,775
-
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.
Expenses $5,653,204 · Grants $142,000 · Revenue $4,635,537
-
Publication and Libraries: The American School maintains and operates two research libraries holding about 268,000 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.
Expenses $3,985,320 · Revenue $1,828,847
As filed on the 2023 return.
Listed in Part VII
-
F Beinecke
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
C Mauzy
Excavation Deputy Director
- Total calculated
- $135,056
- From this org
- $106,676
- From related orgs
- $0
- Other
- $28,380
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $106,676
- Bonus
- $0
- Other
- $0
- Deferred
- $10,668
- Nontaxable benefits
- $17,712
- Filer's total
- $135,056
-
R Burke
Mellon Professor
- Total calculated
- $186,502
- From this org
- $132,925
- From related orgs
- $0
- Other
- $53,577
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,925
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $53,577
- Filer's total
- $186,502
-
B Wescoat
Director of School
- Total calculated
- $41,538
- From this org
- $0
- From related orgs
- $0
- Other
- $41,538
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $2,485
- Deferred
- $0
- Nontaxable benefits
- $39,053
- Filer's total
- $41,538
-
M Lefkowitz
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
R Maguire
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
G Marcus
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
T Melas-Kyriazi
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
S Missoffe
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
A Packard-Martell
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
W Slaughter
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
C Steinmetz
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
P Tamvakakis
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
A Zombanakis
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
K Yatrakis
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
P Panos euro salaried Note Sch J
General Manager
- Total calculated
- $206,389
- From this org
- $180,276
- From related orgs
- $0
- Other
- $26,113
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,276
- Bonus
- $0
- Other
- $20,058
- Deferred
- $6,055
- Nontaxable benefits
- $0
- Filer's total
- $206,389
-
G Orfanakos
Executive Director
- Total calculated
- $311,315
- From this org
- $283,073
- From related orgs
- $0
- Other
- $28,242
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,073
- Bonus
- $0
- Other
- $0
- Deferred
- $27,584
- Nontaxable benefits
- $658
- Filer's total
- $311,315
-
M Schneller
Director of Finance and Administration
- Total calculated
- $196,222
- From this org
- $153,059
- From related orgs
- $0
- Other
- $43,163
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,059
- Bonus
- $0
- Other
- $0
- Deferred
- $15,306
- Nontaxable benefits
- $27,857
- Filer's total
- $196,222
-
J Camp
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
M Georgopoulou
Library Director
- Total calculated
- $196,977
- From this org
- $114,229
- From related orgs
- $0
- Other
- $82,748
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $114,229
- Bonus
- $0
- Other
- $0
- Deferred
- $11,423
- Nontaxable benefits
- $71,325
- Filer's total
- $196,977
-
A Zagoreos
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
W Loomis
President
- Total calculated
- $0
- Hours/week
- 12
-
C Dakolias
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
J McCabe
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
S Andris
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
J Buikstra
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
J Cohen
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
H Davis
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
J Davis
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
R Desnick
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
A Georges
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
G Lavender
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
M Lawall
Trustee
- Total calculated
- $0
- Hours/week
- 20
-
K Shanmugam
Trustee
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part II Line 1
- | Name :, Title:, Item Selected:, Description:| B. Wescoat, The School Director resides in a School owned property as a condition of employment. S. B. Wescoat is an employee of a US College and receives compensation directly from that School. In exchange for her services the American School reimburses B. Wescoats employer for salary and benefit costs. These costs do not appear as salary expenditures. In addition the School pays the Director certain amounts as reported in this schedule.|
- Part II Line 1
- | Name :, Title:, Item Selected:, Description:| P. Panos, Greek employees are paid in euros. the dollar value is based on the average euro dollar value in calendar year 2023. This employee does not receive a W-2.|
- Part II Line 1
- | Name :, Title:, Item Selected:, Description:| M. Georgopoulou, The Library Director resides in a School owned property as a condition of employment.|
- Part II Line 1
- | Name :, Title:, Item Selected:, Description:| R. Burke, The Mellon Professor resides in a School owned property as a condition of employment.|
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510629349300301
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