2026-05-15T09:40:23-05:00 2025-06-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-07-01 131624206 THESSALONICA AGRICULTURAL & INDUSTRIAL INSTITUTE (THE AMERICAN FARM SCHOOL) THES 2124638434 1325 AVENUE OF THE AMERICAS 28F NEW YORK NY 10019 BARBARA HEMING TREASURER 2124638434 2026-05-13 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z BARBARA HEMING 1325 AVENUE OF THE AMERICAS 28F NEW YORK NY 10019 29005642 0 X WWW.AFS.EDU.GR X 1904 NY THE AMERICAN FARM SCHOOL OF THESSALONIKI, GREECE APPLIES ITS HALLMARK LEARN BY DOING APPROACH TO EDUCATE STUDENTS OF ALL AGE TOWARDS RESPONSIBLE STEWARDSHIP IN THE AREAS OF AGRICULTURE, FOOD SYSTEMS, THE ENVIRONMENT AND OTHER LIFE SCIENCES RELATED TO OUR SUSTAINABLE FUTURE. 27 27 13 27 0 0 2922461 4170816 7538175 11859109 4315156 4792440 693201 1134175 15468993 21956540 624401 1034265 0 0 6356906 8789767 0 0 451502 7464570 8441020 14445877 18265052 1023116 3691488 88265315 100285284 23053955 28113963 65211360 72171321 X SEE SCH O. 0 0 9000206 1034265 7370131 THE SECONDARY SCHOOL - SEE SCHEDULE O. 4845335 4488978 AUXILIARY ENTERPRISES PROGRAM - SEE SCHEDULE O. 616617 OTHER PROGRAM SERVICES - SEE SCHEDULE O. 14462158 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 13 1 0 1 GR 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL MD NY OH X X THE ORGANIZATION 2124638434 1325 AVENUE OF THE AMERICAS 28F NEW YORK NY 10019 PETROS A LEVIS CHAIRMAN 5.00 X X 0 0 0 STEFANOS PANTELIADIS FIRST VICE CHAIR 2.00 X X 0 0 0 WILLIAM L RICHTER VICE CHAIRMAN 2.00 X X 0 0 0 BARBARA K HEMING TREASURER 2.00 X X 0 0 0 FRANCES MANTHOS VICE CHAIRMAN 2.00 X X 0 0 0 SOPHIA S HARTCH SECRETARY 2.00 X X 0 0 0 DAVID G ACKER TRUSTEE 1.00 X 0 0 0 DEBORAH ANDROUS TRUSTEE 1.00 X 0 0 0 OLIA AVIDIS TRUSTEE 1.00 X 0 0 0 JOANNIE C DANIELIDES TRUSTEE 1.00 X 0 0 0 ANNIE MANIATI EFSTATHIOU TRUSTEE 1.00 X 0 0 0 THYMIS EFTHYMIADIS TRUSTEE 1.00 X 0 0 0 CHRISTINA KAZIS SAYARE TRUSTEE 1.00 X 0 0 0 KEITH DRONEN TRUSTEE 1.00 X 0 0 0 ANTONIS HADJIYANNAKIS TRUSTEE 1.00 X 0 0 0 VICKI KYRIAKOS TRUSTEE 1.00 X 0 0 0 PHOEBE LEGAKIS TRUSTEE 1.00 X 0 0 0 KONSTANTINOS KRAVVAS TRUSTEE 1.00 X 0 0 0 ANGELO LAMPOUSIS TRUSTEE 1.00 X 0 0 0 GEORGE MILONAS TRUSTEE 1.00 X 0 0 0 NIKOLAOS PENTZOS TRUSTEE 1.00 X 0 0 0 JOEL S POST TRUSTEE 1.00 X 0 0 0 PETER SCHUBE TRUSTEE 1.00 X 0 0 0 WILLIAM A TSACALIS TRUSTEE 1.00 X 0 0 0 ROBERT J UEK TRUSTEE 1.00 X 0 0 0 SHARON W VAINO TRUSTEE 1.00 X 0 0 0 PANAYIOTIS YATAGANTZIDIS TRUSTEE 1.00 X 0 0 0 COSTA DARRAS FORMER TRUSTEE 1.00 X 0 0 0 KIM DOOLEY HONORARY TRUSTEE 1.00 X 0 0 0 CONSTANTINOS HADJIYANNAKIS HONORARY TRUSTEE 1.00 X 0 0 0 JEFFREY LANSDALE PRESIDENT 60.00 X 202077 0 54120 LAURA SOMMERS FINANCE OFFICER 40.00 X 116400 0 65126 318477 0 119246 10 0 1 0 DIMITRIAKI SA BISSARIONOS 9 ATHENS GR AGRICULTURAL PRODUCTS/ANIMAL FEEDS 421639 DEH SA CHALKOKONDYLI 30 ATHENS GR ELECTRIC POWER COMPANY 401173 COSMOS LTD POLIORKITOU 64 THESSALONIKI GR CONSTRUCTION COMPANY 381645 METLEN ENERGY & METALS SA ARTEMIDOS 8 ATHENS GR ENERGRY COMPANY 347065 KNOWLEDGE AND EXPERIENCE 1133 AVENUE OF THE AMERICAS NEW YORK GR 10036 EDUCATIONAL PROGRAMS 338799 5 153794 92569 3924453 179526 4170816 EDUCATIONAL INCOME 611710 7370131 7370131 AUXILIARY ENTERPRISES 900099 4488978 4488978 11859109 1038454 1038454 10717591 2785 6966390 0 3751201 2785 3753986 3753986 60293 153794 82712 -22419 -22419 OTHER INCOME 900099 1156594 1156594 1156594 21956540 13015703 0 4770021 1034265 1034265 304959 304959 6277221 5394262 704828 178131 22692 15708 5955 1029 803353 465431 331466 6456 1381542 1131448 212506 37588 5735 5735 106530 106530 207114 207114 267606 183629 53717 30260 185154 18812 152784 13558 94885 62694 24978 7213 199162 17171 162585 19406 727659 625252 96475 5932 191589 122801 59375 9413 69353 45627 19933 3793 330552 325869 28 4655 1467016 1138696 286654 41666 92367 92367 FARM SUPPLIES & OTHER O 2159897 2159897 OTH SCHOOL/OTH COLLEGE 854855 854855 OTHER EXPENSES 811333 103161 615770 92402 OTHER CAMPUS OPERATIONA 639581 639581 30632 30632 18265052 14462158 3351392 451502 800 800 739815 1435809 654813 3591137 1672658 1652255 402215 494356 205268 169485 63697393 26206249 33947136 37491144 50606715 55422468 35895 27830 88265315 100285284 15131680 17337794 858490 2589563 2500000 2500000 4563785 5686606 23053955 28113963 X 41301926 45731830 23909434 26439491 65211360 72171321 88265315 100285284 X 3691488 1764421 1504052 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23909434 3017620 1667553 2155115 26439492 23232255 1480352 1663586 2466759 23909434 23974995 1368816 1243273 3354829 23232255 22810433 5570766 -1456289 2949915 23974995 20468144 1395536 2502991 1556238 22810433 0.47880 0.52120 0 0 2560696 2560696 43562943 13008088 30554855 2952948 814278 2138670 14191269 12383883 1807386 429537 429537 37491144 SHORT-TERM BORROWINGS 2013906 LONG-TERM BORROWINGS AND OTHER 2423872 PROVISION FOR GREEK RETIREMENT BENEFITS 1248828 5686606 PART V, LINE 4: THE INTENDED USE OF THE PERMANENT AND TEMPORARILY RESTRICTED FUNDS IS SOLELY TO SUPPORT THE EDUCATIONAL MISSION OF THE SCHOOL. THE PERROTIS COLLEGE ENDOWMENT PIECE IS RESTRICTED FOR PERROTIS COLLEGE NEEDS. 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL DOES NOT ADVISE IN THE MEDIA WHEN FILLING JOB POSITIONS OR RECRUITING STUDENTS. HOWEVER, A DISCLAIMER APPEARS IN THE "ENROLLMENT AND "CAREER OPPORTUNITIES" PAGES OF OUR WEBSITE: WWW.AFS.EDU.GR. IT READS: "THE AMERICAN FARM SCHOOL DOES NOT DISCRIMINATE AGAINST ANY PERSON ON THE BASIS OF RACE, RELIGION, COLOR, GENDER, NATIONAL ORIGIN, DISABILITY OR ANY OTHER STATUS OR CONDITION PROTECTED BY LAW." SCHEDULE E, PART I, LINE 4 IT IS NOT THE POLICY OF THE SCHOOL TO TRACK THE RACIAL COMPOSITION. THE SCHOOL DOES NOT DISCRIMINATE BASED ON RACE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM USAID/ASHA, EUROPEAN UNION AND GREEK STATE. 1 EUROPE 1 304 PROGRAM SERVICES SCHOOL 13034792 EUROPE 0 0 GRANTMAKING GRANTS TO INDIVIDUALS 1034265 1 304 0 0 1 304 14069057 0 14069057 TUITION FEE WAIVER EUROPE/ICELAND/GREENLAND 622 475682 WIRE FMV SCHOLARSHIPS EUROPE/ICELAND/GREENLAND 323 558582 WIRE FMV 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL'S FINANCE OFFICE MONITORS THE EXPENDITURE OF ALL GRANTS RECEIVED BY GOVERNMENT AND FOUNDATION ENTITIES FOLLOWING ACCEPTANCE BY THE SCHOOL'S DEVELOPMENT OFFICE AND ACCORDING TO THE DONOR'S RESTRICTIONS, IF ANY. UNION LEAGUE CLUB EVENT 116248 84903 31345 32101 TELLY'S DINNER 42455 39155 3300 4192 3 55384 29736 25648 33701 2645 10073 214087 153794 60293 33701 2645 46366 82712 -22419 X 1 1 X X X 0 0 0 0 0 0 0 0 0 JEFFREY LANSDALE PRESIDENT 202077 0 0 0 0 0 20258 0 33862 0 256197 0 0 0 LAURA SOMMERS FINANCE OFFICER 116400 0 0 0 0 0 11640 0 53486 0 181526 0 0 0 PART I, LINE 1A JEFFREY LANSDALE (PRESIDENT) RECEIVES A HOUSING ALLOWANCE. X 3 31365 FMV X VARIOUS 7 148161 FMV 0 1 0 PART III - LINE 1 THE AMERICAN FARM SCHOOL OF THESSALONIKI, GREECE APPLIES ITS HALLMARK LEARN BY DOING APPROACH TO EDUCATE STUDENTS OF ALL AGE TOWARDS RESPONSIBLE STEWARDSHIP IN THE AREAS OF AGRICULTURE, FOOD SYSTEMS, THE ENVIRONMENT AND OTHER LIFE SCIENCES RELATED TO OUR SUSTAINABLE FUTURE. FOUNDED IN 1904 BY ENLIGHTENED AMERICAN EDUCATORS, THE SCHOOL TODAY IS CONSIDERED THE PREMIER INSTITUTION IN SOUTHEASTERN EUROPE FOR EDUCATION IN THESE AREAS. AT THE HEART OF AN AMERICAN FARM SCHOOL EDUCATION IS THE INSTITUTION'S DIVERSIFIED RESEARCH, DEMONSTRATION AND TRAINING FARM THAT SERVES FUNCTIONS AS A LIVING LABORATORY FOR STUDENTS OF ALL AGES TO EXPERIENCE HANDS-ON DISCOVERY, ENGAGEMENT AND INQUIRY IN THE LIFE SCIENCES. PART III - LINE 4A ECONOMIC OUTLOOK AND ITS IMPACT ON THE SCHOOL DESPITE GLOBAL ECONOMIC VOLATILITY AND ADVERSE GEOPOLITICAL DEVELOPMENTS, GREECE'S ECONOMY IS SHOWING RESILIENCE AND SOLID ECONOMIC GROWTH. NEVERTHELESS, DOWNSIDE RISKS FROM THE ENERGY CRISIS, MONETARY TIGHTENING, ESCALATION OF REGIONAL CONFLICTS, AND A SLOWDOWN IN MAJOR EUROZONE MARKETS REMAIN, PUTTING A STRAIN ON FISCAL PERFORMANCE AND INTRODUCING UNCERTAINTY TO FUTURE ECONOMIC PROJECTIONS. DESPITE THE GENERAL ECONOMIC CONDITIONS, THE SCHOOL REMAINS FINANCIALLY STRONG, HAVING SUFFICIENT FINANCIAL RESOURCES TO RETAIN THE QUALITY OF ITS EDUCATIONAL OFFERINGS, THE DISTRIBUTION OF ITS FARM PRODUCTS REMAINS UNDISRUPTIVE AND TO MEET, IF NECESSARY, ANY UNFORESEEN CIRCUMSTANCES. PART III - LINE 4B AUXILIARY ENTERPRISES PROGRAM: SELECT AUXILIARY ENTERPRISES CONSIST OF A DIVERSIFIED DEMONSTRATION AND TEACHING FARM THAT INCLUDES ONE OF THE MOST IMPORTANT HOLSTEIN FRIESIAN DAIRY HERDS IN GREECE; A POULTRY UNIT USING THE LATEST RESEARCH FOR EGG AND TURKEY PRODUCTION; GREENHOUSES; VEGETABLE GARDENS; VINEYARDS; FRUIT AND OLIVE TREES. FURTHER, EXTENSIVE EXPERIMENTAL AND PRODUCTION FIELD CROPS ARE GROWN AT THE ZANNAS FARM LOCATED NEAR THE DELTA OF THE AXIOS RIVER, NEAR THESSALONIKI, GREECE. THE SCHOOL'S FARM PRODUCTS ARE SOLD TO THE GENERAL PUBLIC VIA THIRD PARTY DISTRIBUTION AGREEMENTS TO SUPPORT THE EDUCATIONAL MISSION OF THE SCHOOL. PART III - LINE 4C OTHER: OTHER PROGRAMS MAINLY RELATE TO THE AFS'S WIDE REACHING EXTENSION SERVICES INCLUDING PROFESSIONAL EDUCATION AND TRAINING, STUDIES AND RESEARCH, JOINTLY MANAGED BY THE SCHOOL'S STRATEGIC PROJECT MANAGEMENT OFFICE AND THE SCHOOL OF PROFESSIONAL EDUCATION IN COLLABORATION WITH PERROTIS COLLEGE. SHOULD BE NOTED THAT LARGE PART OF THE REVENUES FOR THOSE SERVICES IS RECEIVED THROUGH GRANTS FROM PRIVATE AND STATE ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIRMAN OF THE AUDIT COMMITTEE, THE TREASURER AND THE SCHOOL'S SENIOR FINANCIAL MANAGEMENT REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY. TRUSTEES AND DECISION MAKING EMPLOYEES ARE REQUIRED TO REPORT REAL OR POTENTIAL CONFLICTS THAT ARISE. THE AFFECTED INDIVIDUALS ARE REMINDED ANNUALLY OF THEIR RESPONSIBILITY IN THIS REGARD. THE CHAIRMAN OF THE BOARD MONITORS THE RESPONSES FROM ALL TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT SERVES PURSUANT TO AN INDEFINIZE DURATION SERVICE CONTRACT. THE PRESIDENT'S CONTRACT DEFINES THE FIXED AMOUNT OF SALARY AND THE VARIOUS BENEFITS HE WILL RECEIVE ANNUALLY AS DETERMINED BY A GENERAL REFERENCE TO OTHER COMPARABLE AMERICAN SCHOOLS OPERATING IN GREECE AND TO COMPARABLE SALARIES OF OTHER NOT-FOR-PROFIT SENIOR EXECUTIVES LIVING AND OPERATING IN GREECE. THE CONTRACT ALSO INCLUDES THE PROVISION FOR A POTENTIAL, UNDEFINED AMOUNT OF ANNUAL BONUS TO BE PAID CONTINGENT UPON PERFORMANCE AND MEETING ANNUAL GOALS. A SMALL GROUP OF INDEPENDENT TRUSTEES, HEADED BY THE CHAIRMAN OF THE BOARD, UNDERTAKES AN ANNUAL REVIEW OF THE PERFORMANCE OF THE PRESIDENT INCLUDING INFORMAL INTERVIEWS WITH TRUSTEES AND STAFF. EVERY THREE YEARS THE CHAIRMAN AND THESE FEW INDEPENDENT TRUSTEES UNDERTAKE AN IN-DEPTH REVIEW OF THE PRESIDENT'S PERFORMANCE WHICH INCLUDES DIRECTLY INTERVIEWING AND SURVEYING A NUMBER OF BOTH RESIDENT TRUSTEES AND OF AMERICAN TRUSTEES AND ALSO INCLUDES A NUMBER OF KEY DIRECT-REPORT STAFF/TEACHERS TO THE PRESIDENT ALL WITH THE OBJECTIVE OF CLOSELY EVALUATING THE PERFORMANCE OF THE PRESIDENT. WITH RESPECT TO BONUS, THE CHAIRMAN, BASED ON THE REVIEW, PROPOSES THERE BE, OR NOT BE, A BONUS FOR THE YEAR, AND IF SO, IN WHAT AMOUNT. THIS IS ORALLY DISCUSSED WITH THE BOARD OF TRUSTEES AT THE ANNUAL TRUSTEE MEETING, CONSENSUS IS REACHED AND VOTED ON, AND PAYMENT IS MADE IF APPROPRIATE. WITH RESPECT TO THE COMPENSATION PROCESS FOR OTHER KEY EMPLOYEES, THE CHAIRMAN ENGAGES IN PERIODIC GENERAL DISCUSSIONS WITH THE PRESIDENT AS TO THE SALARIES AND BENEFITS PAID TO THE SCHOOL'S KEY EMPLOYEES WITH THE OBJECTIVE OF ENSURING THESE COMPENSATION AMOUNTS ARE REASONABLE IN THE CONTEXT OF THE SCHOOL, OF THE ECONOMIC TRENDS EFFECTING GREECE AND IN RELATIONSHIP TO THEIR RESPECTIVE RESPONSIBILITIES. THE CHAIRMAN AND THE BOARD MEMBERS DO NOT DIRECTLY DETERMINE THE COMPENSATION OF THE SCHOOL'S KEY EMPLOYEES. THIS FUNCTION IS MANAGEMENTS. THE BOARD'S ROLE IS ONE OF OVERSIGHT, WITH RESPECT TO THE COMPENSATION MATTERS OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION GAIN (LOSS), NET 1,596,294. PENSION ADJUSTMENT -65,207. FOREIGN EXCHANGE GAIN (LOSS), NET -27,035. AMERICAN FARM SCHOOL POST SECONDARY EDUCATION MARINOU ANTIPA 54 PO BOX 60097 THERMI THESSALONIKI GR SCHOOL GR N/A N/A THE SCHOOL 0 ASSOCIATION OF EXPERIENTIAL LEARNING SCHOOLS OF THESSALONIKI MARINOU ANTIPA 54 PO BOX 60097 THERMI THESSALONIKI GR SCHOOL GR N/A N/A THE SCHOOL 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0