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ObjectId: 201711309349300906 - Submission: 2017-05-10
TIN: 04-2306054
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Information about Schedule J (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
THE AMERICAN COLLEGE OF GREECE
Employer identification number
04-2306054
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
................
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
No
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
...........................
5a
No
b
Any related organization?
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
No
b
Any related organization?
.........................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
.............................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015
Page 2
Schedule J (Form 990) 2015
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column(B) reported as deferred on prior Form 990
(i)
Base compensation
(ii)
Bonus & incentive compensation
(iii)
Other reportable compensation
1
Dr David G Horner
President
(i)
(ii)
259,365
-------------
149,738
0
-------------
0
4,125
-------------
38,298
0
-------------
58,125
13,568
-------------
1,518
277,058
-------------
247,679
0
-------------
0
2
Kelly A Morra
VP of Finance, CFO, and Treas
(i)
(ii)
0
-------------
202,149
0
-------------
0
0
-------------
414
0
-------------
31,500
0
-------------
18,412
0
-------------
252,475
0
-------------
0
3
Thimios D Zaharopoulos
Provost
(i)
(ii)
153,534
-------------
62,385
0
-------------
0
3,966
-------------
0
0
-------------
31,500
9,322
-------------
1,178
166,822
-------------
95,063
0
-------------
0
Schedule J (Form 990) 2015
Page 3
Schedule J (Form 990) 2015
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Schedule J, Part I, Line 1a
SPOUSE TRAVEL: THE AMERICAN COLLEGE OF GREECE PAYS FOR TRAVEL FOR THE PRESIDENT'S SPOUSE FOR PURPOSES OF CONDUCTING BUSINESS OF THE COLLEGE. THIS BENEFIT IS TREATED AS A BUSINESS EXPENSE AND IS NOT CONSIDERED COMPENSATION TO THE PRESIDENT. HOUSING ALLOWANCE: DR. DAVID HORNER RECEIVED A HOUSING ALLOWANCE DURING THE YEAR. THE ALLOWANCE IS PROVIDED IN-KIND, AND TO SATISFY THE REQUIREMENT OF SERVICE THAT HE LIVE ON CAMPUS. THE AMOUNT OF THE ALLOWANCE IS INCLUDED IN NONTAXABLE INCOME REPORTED IN PART II. SOCIAL DUES: THE AMERICAN COLLEGE OF GREECE PROVIDES THE PRESIDENT WITH A MEMBERSHIP TO THE HARVARD CLUB. THE MEMBERSHIP IS CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). GROSS UP PAYMENTS: DR. DAVID G. HORNER'S TAXABLE WAGES DURING CALENDAR YEAR 2015 FROM RELATED ORGANIZATION THE AMERICAN UNIVERSIITY OF GREECE WERE INCREASED TO COVER THE ADDITIONAL TAX LIABILITY DUE TO GREECE AND A TAX LIABILITY FOR A MEDICAL STIPEND TO SECURE U.S. MEDICAL BENEFITS. PERSONAL SERVICES: THE COLLEGE PROVIDES THE PRESIDENT WITH CLEANING SERVICES FOR THE PERSONAL PORTION OF HIS HOUSING. THE services are NONTAXABLE INCOME REPORTED IN SCHEDULE J PART II. THE RELATED ORGANIZATION AMERICAN UNIVERSITY OF GREECE PROVIDES DR. DAVID G. HORNER WTIH A FINANCIAL PLANNER. THE SERVICES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 3
COMPENSATION OF THE PRESIDENT THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE HR AND THE EXECUTIVE COMMITTEES, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE COMPLETE BOARD. In certain years in which there are changes to the presidents compensation or a new employment contract is signed, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE INDEPENDENT BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO AND PROVOST. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE US AND ABROAD.
Schedule J, Part I, Line 4a
Severence Benefits All ACG employees are eligible for severance benefits per Greek labor regulations. Employees whose service is terminated under certain circumstances or who retire are entitled to severance payments determined in accordance with their status and length of service.
Schedule J (Form 990) 2015
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