COLLEGE YEAR IN ATHENS INC AFFILIATES

EIN: 911948115 501(c)(3)

CAMBRIDGE, MA

Total Revenue
$1,193,007
Total Expenses
$1,407,713
Total Assets
$204,506
Net Assets
$163,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
CORNELIA MAYER HERZFELD
Phone
6178688200
Tax Period
2024-07-01 to 2025-06-30

COLLEGE YEAR IN ATHENS INC AFFILIATES, founded in 1997, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 692% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE ENGLISH SPEAKING STUDENTS WITH THE OPPORTUNITY TO STUDY GREEK LANGUAGE AND CULTURE.

Program Service Accomplishments

Program 1
Expenses: $1,326,194 Revenue: $7,007

ACADEMIC PROGRAM OF COURSES IN GREEK AND EAST MEDITERRANIAN STUDIES FOR NORTH AMERICAN COLLEGE LEVEL STUDENTS. SERVICED 1073 STUDENTS IN FISCAL YEAR 2025.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,186,000
Program Service Revenue $7,007
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,193,007

Expense Breakdown

Grants Paid $1,255,320
Salaries & Benefits $83,328
Fundraising Expenses $0
Program Expenses $1,326,194
Other Expenses $69,065
TOTAL EXPENSES $1,407,713

Year-over-Year Comparison

2024 2023 Change
Revenue $1,193,007 $150,675 +6.9%
Expenses $1,407,713 $363,877 +2.9%
Net Income $-214,706 $-213,202 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
9
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$28,701
Total Directors
24
$351,323
Key Employees
1
$151,508
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXIS PHYLACTOPOULOS TRUSTEE 1.00
Director
$0 $44,160 $351,323
ANASTASSIS DAVID TRUSTEE 0.50
Director
$0 $0 $0
GEORGE KOMODIKIS TRUSTEE 0.50
Director
$0 $0 $0
DAPHNE HATSOPOULOS PRESIDENT 1.00
Officer Director
$0 $0 $0
PETER S ALLEN TREASURER 0.50
Officer Director
$0 $0 $0
NICHO HATSOPOULOS TRUSTEE 0.50
Director
$0 $0 $0
CHRISTINE KONDOLEON TRUSTEE 0.50
Director
$0 $0 $0
ANDREA HANNON BROWN TRUSTEE 0.50
Officer Director
$0 $0 $0
COSTAS PETROPOULOS TRUSTEE 0.50
Director
$0 $0 $0
JORDAN BLISS PERRY TRUSTEE 0.50
Director
$0 $0 $0
YIANNIS MONOVOUKAS TRUSTEE 0.50
Director
$0 $0 $0
ENDY ZEMENIDES TRUSTEE 0.50
Director
$0 $0 $0
DEBORAH WINCE-SMITH TRUSTEE 0.50
Director
$0 $0 $0
BRIAN MARTENS TRUSTEE 0.50
Director
$0 $0 $0
PETER ZARIFES TRUSTEE 0.50
Director
$0 $0 $0
ALEX MOISSIS TRUSTEE 0.50
Director
$0 $0 $0
YANNIS IOANNIDES TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT KRISCUNAS TRUSTEE 0.50
Director
$0 $0 $0
EVITA ARAPOGLOU TRUSTEE 0.50
Director
$0 $0 $0
THEO MELAS-KYRIAZI TRUSTEE 0.50
Director
$0 $0 $0
ELAINE PAPOULIAS TRUSTEE 0.50
Director
$0 $0 $0
MIKAIL BLETSAS TRUSTEE 0.50
Director
$0 $0 $0
LENA PAPALEXOPOULOU TRUSTEE 0.50
Director
$0 $0 $0
GERRY RANGLAS TRUSTEE 0.50
Director
$0 $0 $0
CORNELIA MAYER HERZFELD CLERK 2.00
Officer
$0 $0 $28,701
THEONI SCOURTA PRESIDENT (EURO/USD RATE 1.0822) 0.00
Key Emp
$0 $0 $151,508
MARIA MARAKAS BURSAR 0.00
Highest
$0 $0 $130,709
ALEXIS LINGAAS SENIOR RECRUITMENT 0.00
Highest
$0 $0 $117,096
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,193,007 $1,407,713 $204,506 $-214,706
2024 No data No data No data No data
2023 $1,588,095 $1,105,314 $618,091 $482,781
2022 $114,812 $121,813 $123,244 $-7,001
2021 $84,666 $181,587 $129,120 $-96,921
2020 $345,512 $182,978 $248,863 $162,534
2019 $187,168 $163,433 $70,203 $23,735
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