PINEWOOD SCHOOLS OF THESSALONIKI INC C/O KLR

EIN: 980012955 501(c)(3) Education

PROVIDENCE, RI

Total Revenue
$8,432,704
Total Expenses
$8,123,711
Total Assets
$7,028,381
Net Assets
$4,907,064
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
DE
Principal Officer
ALBERT H ELFNER III
Phone
2310301221
Tax Period
2024-07-01 to 2025-06-30

PINEWOOD SCHOOLS OF THESSALONIKI INC C/O KLR, founded in 1961, is a community nonprofit in the Education sector that reported $8.4M in total revenue in fiscal year 2024. Expenses of $8.1M left a modest 4% surplus.

Mission

PINEWOOD SCHOOLS OF THESSALONIKI INC. MISSION IS TO OFFER STUDENTS A PROGRESSIVE, PERSONALIZED AMERICAN INTERNATIONAL EDUCATION CENTERED ON ACADEMIC EXCELLENCE IN EACH STUDENT'S JOURNEY TOWARDS SELF-ACTUALIZATION. THIS IS ACHIEVED IN A STIMULATING, MULTICULTURAL LEARNING ENVIRONMENT THAT EMPHASIZES SERVICE, RESPECT FOR ETHICAL VALUES AND AWARENESS OF LOCAL CULTURE.

Program Service Accomplishments

Program 1
Expenses: $3,609,148 Revenue: $5,138,789

PINEWOOD'S SECONDARY SCHOOL OFFERS A COMPLETE AMERICAN COLLEGE-PREPARATORY PROGRAM IN GRADES 6-12, INCLUDING THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM. THE SCHOOL IS DEDICATED TO STRIVING FOR...

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PINEWOOD'S SECONDARY SCHOOL OFFERS A COMPLETE AMERICAN COLLEGE-PREPARATORY PROGRAM IN GRADES 6-12, INCLUDING THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM. THE SCHOOL IS DEDICATED TO STRIVING FOR EDUCATIONAL EXCELLENCE AND PREPARING STUDENTS FOR CHALLENGING UNIVERSITY STUDY IN THE UNITED STATES, THE UNITED KINGDOM OR OTHER UNIVERSITIES ABROAD. AS STUDENTS PROGRESS THROUGH THE SECONDARY SCHOOL PROGRAMS, THEY BECOME INCREASINGLY MORE KNOWLEDGEABLE, SELF-DIRECTED, RESPONSIBLE, AND SELF-DISCIPLINED. STUDENTS ARE ENCOURAGED TO EXCEL IN ACADEMIC, ATHLETIC, LEADERSHIP, AND STUDENT GOVERNANCE ACTIVITIES WHILE ALSO BECOMING INVOLVED IN ALL ASPECTS OF SCHOOL LIFE. THE INTERNATIONAL BACCALAUREATE (IB) DIPLOMA PROGRAMME IS AN ACADEMICALLY CHALLENGING AND BALANCED TWO-YEAR PROGRAM OF STUDIES AIMED AT STUDENTS IN GRADES 11 AND 12 THAT LEADS TO A QUALIFICATION, WHICH IS RECOGNIZED BY THE WORLD'S LEADING UNIVERSITIES. THE IB HAS BEEN OFFERED AT PINEWOOD SINCE 1999 AND IS FULLY INTEGRATED INTO THE SCHOOL'S AMERICAN HIGH SCHOOL DIPLOMA PROGRAM.NUMBER OF STUDENTS 323, NUMBER OF TEACHERS 41, NUMBER OF TEACHER AIDES 1

Program 2
Expenses: $1,684,269 Revenue: $2,358,788

PINEWOOD'S ELEMENTARY PROGRAM COVERS GRADES 1 - 5. GRADES ONE THROUGH THREE PROVIDE A SECURE AND STIMULATING ENVIRONMENT WHERE CHILDREN ARE ENCOURAGED TO DEVELOP AS INDIVIDUALS. WITHIN THIS...

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PINEWOOD'S ELEMENTARY PROGRAM COVERS GRADES 1 - 5. GRADES ONE THROUGH THREE PROVIDE A SECURE AND STIMULATING ENVIRONMENT WHERE CHILDREN ARE ENCOURAGED TO DEVELOP AS INDIVIDUALS. WITHIN THIS ENVIRONMENT, CHILDREN ARE PROVIDED WITH AN EXCELLENT FOUNDATION IN THE SKILLS NEEDED TO BECOME RESPONSIBLE AND PRODUCTIVE CITIZENS. DURING THE LOWER ELEMENTARY GRADES, STUDY SKILLS ARE DEVELOPED AND HOMEWORK IS ASSIGNED DAILY. FROM GRADE FOUR THROUGH GRADE FIVE, STUDENTS CONTINUE TO REFINE BASIC SKILLS. EMPHASIS IS ON INDEPENDENT STUDY WITH FREQUENT USE OF AVAILABLE RESOURCES FOR ASSIGNMENTS AND REGULAR LONG-TERM PROJECTS AND PRESENTATIONS. STUDENTS AT THE UPPER ELEMENTARY LEVEL ARE EXPECTED TO ASSUME LEADERSHIP POSITIONS AND SERVE AS ROLE MODELS. NUMBER OF STUDENTS 232, NUMBER OF TEACHERS 27, NUMBER OF TEACHER AIDES 3

Program 3
Expenses: $721,830 Revenue: $926,667

PINEWOOD'S EARLY YEARS PROGRAM IS A UNIQUE, CARING ENVIRONMENT WHERE CHILDREN FROM ALL OVER THE WORLD LEARN, PLAY AND GROW TOGETHER. CHILDREN ACQUIRE NATIVE ENGLISH FLUENCY NATURALLY AFTER JUST 3...

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PINEWOOD'S EARLY YEARS PROGRAM IS A UNIQUE, CARING ENVIRONMENT WHERE CHILDREN FROM ALL OVER THE WORLD LEARN, PLAY AND GROW TOGETHER. CHILDREN ACQUIRE NATIVE ENGLISH FLUENCY NATURALLY AFTER JUST 3 YEARS IN OUR DYNAMIC, ALL-ENGLISH EARLY YEARS PROGRAM. THE EARLY YEARS PROGRAM AT PINEWOOD CONSISTS OF PRE-KINDERGARTEN (4 YEARS OLD) AND KINDERGARTEN (5 YEARS OLD) CLASSES. CLASSES OFFER A FULL-DAY, DEVELOPMENTALLY-APPROPRIATE PROGRAM DESIGNED FOR FOUR, FIVE/SIX-YEAR OLDS IN SELF-CONTAINED CLASSROOMS. A BLEND OF TEACHER-DIRECTED ACTIVITIES, SELF-SELECTED ACTIVITIES, PROJECTS AND LEARNING CENTERS PROVIDE A VARIETY OF LARGE GROUP, SMALL GROUP AND INDEPENDENT LEARNING EXPERIENCES. THE ENCOURAGEMENT OF SOCIAL, EMOTIONAL, PHYSICAL AND ACADEMIC DEVELOPMENT IS PROVIDED IN A SUPPORTIVE, ACTIVE, AND NURTURING ENVIRONMENT. IT IS TAILORED TO MEET THE NEEDS OF BOTH GREEK AND INTERNATIONAL CHILDREN, PROVIDING A RICH AND VARIED CURRICULUM TO INCLUDE LANGUAGE DEVELOPMENT, EARLY MATH SKILLS, READING, SCIENCE, SOCIAL STUDIES, MUSIC, PHYSICAL EDUCATION, ARTS AND CRAFTS.NUMBER OF STUDENTS 45, NUMBER OF TEACHERS 3, NUMBER OF TEACHER AIDES 3

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,239,759
Investment Income $8,460
Other Revenue $184,485
TOTAL REVENUE $8,432,704

Expense Breakdown

Grants Paid $433,687
Salaries & Benefits $4,887,296
Fundraising Expenses $0
Program Expenses $6,015,247
Other Expenses $2,802,728
TOTAL EXPENSES $8,123,711

Year-over-Year Comparison

2024 2023 Change
Revenue $8,432,704 $8,326,694 +0.0%
Expenses $8,123,711 $7,178,267 +0.1%
Net Income $308,993 $1,148,427 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
41
Independent Members
40
Employees
N/A
Volunteers
40

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
$214,164
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT ELFNER III CHAIRMAN 2.00
Officer Director
$0 $0 $0
ROBERT DENORMANDIE TREASURER 2.00
Officer Director
$0 $0 $0
NESTOR NICHOLAS VICE CHAIR & CLERK 1.20
Officer Director
$0 $0 $0
JOHN HEMENWAY ASSISTANT TREASURER 1.20
Officer Director
$0 $0 $0
EVA DOUZINAS TRUSTEE 1.00
Director
$0 $0 $0
PANOS VLACHOS PRESIDENT, TRUSTEE EX-OFFICIO 16.50
Director
$0 $0 $0
ANNA GREKA TRUSTEE 0.50
Director
$0 $0 $0
ANASTASIA ECONOMOS TRUSTEE 0.50
Director
$0 $0 $0
ANGELOS PAPAIOANNOU TRUSTEE 0.50
Director
$0 $0 $0
ALEXANDROS MANOS TRUSTEE 0.50
Director
$0 $0 $0
BRENT E SHAY TRUSTEE (AS OF 6/25) 1.00
Director
$0 $0 $0
CAROLINE BISSELL TRUSTEE 0.50
Director
$0 $0 $0
CHARIS PLAKANTONAKI TRUSTEE 1.00
Director
$0 $0 $0
CONSTANTINOS CONSTANTINIDIS TRUSTEE 1.00
Director
$0 $0 $0
DAVID WEIL JR TRUSTEE 1.20
Director
$0 $0 $0
DIMOS ARHODIDIS TRUSTEE 0.50
Director
$0 $0 $0
EVELYN MORENO TRUSTEE 0.50
Director
$0 $0 $0
NIKOLAOS K MARGAROPOULOS TRUSTEE 1.00
Director
$0 $0 $0
VASSILIS EFTHYMIADIS TRUSTEE 1.00
Director
$0 $0 $0
GIKAS HARDOUVELIS TRUSTEE 0.50
Director
$0 $0 $0
GLYKERIA TSERNOU TRUSTEE 0.50
Director
$0 $0 $0
GREGORY GALLOPOULOS TRUSTEE 0.50
Director
$0 $0 $0
HELEN LINDSAY TRUSTEE 0.50
Director
$0 $0 $0
IRINA TAKA TRUSTEE 1.00
Director
$0 $0 $0
JACK FLORENTIN TRUSTEE 1.00
Director
$0 $0 $0
YANNIS ASSAEL TRUSTEE 1.00
Director
$0 $0 $0
KENYON BISSELL GROGAN TRUSTEE 1.00
Director
$0 $0 $0
LAMBROS ANAGNOSTOPOULOS TRUSTEE 0.50
Director
$0 $0 $0
LEONIDAS EVANGELIDIS TRUSTEE 0.50
Director
$0 $0 $0
LOUKIA SARANTI TRUSTEE 0.50
Director
$0 $0 $0
MADELINE DEMOULAS TRUSTEE 0.50
Director
$0 $0 $0
MARGUERITE TRETHEWEY TRUSTEE 0.50
Director
$0 $0 $0
MARIA BEHRAKIS TRUSTEE 0.50
Director
$0 $0 $0
MARKOS PAPAGEORGIOU TRUSTEE 1.00
Director
$0 $0 $0
NICHOLAS ELFNER TRUSTEE 1.00
Director
$0 $0 $0
PANAYOTIS BERNITSAS TRUSTEE 0.50
Director
$0 $0 $0
PETER ALLEN TRUSTEE 0.50
Director
$0 $0 $0
VASSILIS E KAFATOS TRUSTEE 1.00
Director
$0 $0 $0
STATHIS GEORGIADIS TRUSTEE 1.00
Director
$0 $0 $0
STEVEN LEVY TRUSTEE 0.50
Director
$0 $0 $0
GIAMPAPA ROBIN MICHELLE HEAD OF SCHOOL /VICE PRESIDENT 40.00
Officer
$195,869 $18,295 $214,164
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 $8,432,704 $8,123,711 $7,028,381 $308,993
2024 No data No data No data No data
2023 $6,538,087 $5,989,224 $4,888,279 $548,863
2022 $5,922,273 $5,339,098 $3,730,211 $583,175
2021 $5,589,070 $4,899,828 $3,685,038 $689,242
2020 $4,509,941 $3,719,191 $2,649,789 $790,750
2019 $4,210,975 $4,034,897 $2,969,670 $176,078
2018 $3,800,849 $3,621,380 $2,976,486 $179,469
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