Thessalonica Agricultural & Industrial Institute
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCH O.
- Income
- $22.0 million
- Spending
- $18.3 million
- Spent on programs
- 79%
- Reserves
- 5.4 months of spending
- Largest source of income
- fees for its services, 54%
- Employees
- 13
- Volunteers
- 27
- Highest pay
- $256,197, president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 81 out of 100. Higher than 66% of charities in its peer group (international, $10m to $100m).
Reserves
20 of 35Spendable reserves would cover 5.4 months of spending.
Debt
16 of 20It owes 28% of what it owns.
Living within its means
15 of 15Income exceeded spending by 17% of income.
Income trend
15 of 15Income rose 42% on the year before.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 11 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100. Higher than 19% of charities in its peer group (international, $10m to $100m).
Independent board
25 of 2527 of 27 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $9.0 million spent. 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.
- $4.8 million spent. 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.
- $616,617 spent. 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1953.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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