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← PAIDEIA INSTITUTE FOR HUMANISTIC STUDY INC

Form 990 for tax year 2022

Filed by PAIDEIA INSTITUTE FOR HUMANISTIC STUDY INC.

Totals

Total revenue
$3,702,952
Total expenses
$4,927,109
Contributions and grants received
$554,119
Grants paid
$0
Program service revenue
$3,127,030
Investment income
$5,210
Other revenue
$16,593
Total assets, end of year
$1,185,703
Total liabilities, end of year
$2,409,496
Net assets or fund balances, end of year
-$1,223,793
Program services expenses (Part IX)
$4,248,511
Management and general expenses
$485,630
Fundraising expenses
$192,968
Program service expenses (Part III)
$4,248,511

Program services were 86.2% 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.

  • 1f · All other contributions, gifts and grants

    $554,119

  • 2a · Program service revenue: CLASSICAL TOURS

    total $2,367,203 · related or exempt $2,367,203

  • 2b · Program service revenue: TRAVEL COURSES

    total $551,102 · related or exempt $551,102

  • 2c · Program service revenue: TELEPAIDEIA

    total $143,524 · related or exempt $143,524

  • 2d · Program service revenue: OUTREACH

    total $65,201 · related or exempt $65,201

  • 3 · Investment income

    total $5,210 · excluded $5,210

  • 11a · Other revenue: MISCELLANEOUS

    total $15,516 · excluded $15,516

  • 11b · Other revenue: CREDIT CARD CONVENIENC

    total $939 · excluded $939

  • 11c · Other revenue: TAX REFUND

    total $138 · excluded $138

  • 11e · Other revenue, total

    $16,593

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $302,873 · program services $224,932 · management and general $42,059 · fundraising $35,882

  • 7 · Other salaries and wages

    total $708,102 · program services $525,880 · management and general $98,334 · fundraising $83,888

  • 8 · Pension plan contributions

    total $38,357 · program services $28,487 · management and general $5,327 · fundraising $4,543

  • 9 · Other employee benefits

    total $115,119 · program services $85,495 · management and general $15,987 · fundraising $13,637

  • 10 · Payroll taxes

    total $243,239 · program services $180,645 · management and general $33,778 · fundraising $28,816

  • 11b · Fees: legal

    total $17,555 · program services $3,939 · management and general $13,616

  • 11c · Fees: accounting

    total $33,358 · program services $7,484 · management and general $25,874

  • 11g · Fees: other

    total $21,025 · program services $4,716 · management and general $16,309

  • 12 · Advertising and promotion

    total $62,551 · program services $40,365 · management and general $7,282 · fundraising $14,904

  • 13 · Office expenses

    total $19,951 · program services $11,360 · management and general $8,298 · fundraising $293

  • 14 · Information technology

    total $63,670 · program services $36,254 · management and general $26,481 · fundraising $935

  • 16 · Occupancy

    total $92,582 · program services $1,620 · management and general $90,962

  • 17 · Travel

    total $22,882 · program services $1,196 · management and general $16,538 · fundraising $5,148

  • 23 · Insurance

    total $32,428 · program services $5,680 · management and general $26,748

  • 24a · Other expenses: STAFF COSTS

    total $1,999,589 · program services $1,999,589

  • 24b · Other expenses: STAFF COSTS

    total $585,867 · program services $535,755 · management and general $45,417 · fundraising $4,695

  • 24c · Other expenses: EDUCATIONAL MATERIALS

    total $500,259 · program services $498,015 · management and general $2,036 · fundraising $208

  • 24d · Other expenses: OTHER COSTS

    total $36,681 · program services $35,671 · management and general $1,010

  • 24e · All other expenses

    total $31,021 · program services $21,428 · management and general $9,574 · fundraising $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,198,832 · end of year $106,845

  • 2 · Savings and temporary cash investments

    beginning of year $1,046,767 · end of year $690,691

  • 3 · Pledges and grants receivable

    beginning of year $34,300 · end of year $24,205

  • 4 · Accounts receivable

    beginning of year $1,244

  • 9 · Prepaid expenses and deferred charges

    beginning of year $196,190 · end of year $91,446

  • 15 · Other assets

    beginning of year $0 · end of year $272,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,870 · end of year $103,319

  • 19 · Deferred revenue

    beginning of year $603,045 · end of year $126,754

  • 23 · Secured mortgages and notes payable

    beginning of year $1,990,056 · end of year $1,903,306

  • 25 · Other liabilities

    beginning of year $0 · end of year $276,117

  • 27 · Net assets without donor restrictions

    beginning of year -$428,364 · end of year -$1,337,019

  • 28 · Net assets with donor restrictions

    beginning of year $230,726 · end of year $113,226

Mission and programs · 2022

Mission

THE PAIDEIA INSTITUTE PROMOTES THE STUDY OF THE CLASSICAL HUMANITIES THROUGH ACADEMIC PROGRAMMING ABROAD, US-BASED OUTREACH, PUBLICATIONS, AND DIGITAL INITIATIVES.

Activities or mission (Part I)

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.

  • 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.

    Expenses $2,675,803 · Revenue $2,367,203

  • 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.

    Expenses $1,195,289 · Revenue $551,102

  • 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.

    Expenses $246,193 · Revenue $65,201

  • 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.

    Expenses $131,226 · Revenue $143,524

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JASON PEDICONE

    PRESIDENT

    Total calculated
    $178,606
    From this org
    $132,871
    From related orgs
    $0
    Other
    $45,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,871
    Bonus
    $0
    Other
    $0
    Deferred
    $5,347
    Nontaxable benefits
    $40,388
    Filer's total
    $178,606

  • DANIEL G COHEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSHUA DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN DE RIESTHAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAMES HANKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BEN MARROW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAMES ALBRECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BAUMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • S GEORGIA NUGENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAUL MUMMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SCOTT CLEMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARCO ROMANI MISTRETTA

    TREASURER

    Total calculated
    $123,101
    From this org
    $109,833
    From related orgs
    $0
    Other
    $13,268
    Hours/week
    40

  • JONATHAN SABO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANNIE NUGENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PARISA JAFFER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BEVERLY MCCASKILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Approval by the board or compensation committee

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

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
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202441929349301409

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