Civic Intelligence

Trustees of Robert College of Istanbul

EIN 13-5596877 • 501(c)3 • New York, NY

Profile

Organization's mission is to promote educational excellence in turkey. This is accomplished through the operation of robert college, a secondary school in istanbul, turkey, which educates young men and women with the skills, insights, and determination to function as leaders and contributing citizens in a wide range of social and cultural roles, both locally and internationally. Robert college has an academic program designed to enable highly talented and motivated students to pursue academic excellence and acquire fluency and literacy in english and in turkish.

1430 Broadway Suite 1105New York, NY 10018

rcwww.robcol.k12.tr

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.96x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.54x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

22nd percentile

-6.0%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

86th percentile

29%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

8.8%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$9,110,869

Down $3,502,897 (-28%) from 2024

Liabilities

Down

$11,261,572

Down $232,130 (-2.0%) from 2024

Net Assets

Down

-$2,150,703

Down $3,270,767 (-292%) from 2024

Revenue

Up

$26,920,426

Up $6,133,696 (+30%) from 2024

Expenses

Up

$30,796,355

Up $8,155,798 (+36%) from 2024

Net Income

Down

-$3,875,929

Down $2,022,102 (-109%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2010: $14,816,846Liabilities 2010: $7,341,640Net Assets 2010: $7,475,2062010Assets 2011: $14,484,501Liabilities 2011: $8,597,909Net Assets 2011: $5,886,5922011Assets 2012: $14,076,195Liabilities 2012: $9,362,290Net Assets 2012: $4,713,9052012Assets 2013: $13,915,309Liabilities 2013: $9,618,555Net Assets 2013: $4,296,7542013Assets 2014: $12,993,671Liabilities 2014: $8,900,011Net Assets 2014: $4,093,6602014Assets 2015: $11,341,339Liabilities 2015: $7,621,563Net Assets 2015: $3,719,7762015Assets 2016: $13,208,050Liabilities 2016: $9,236,411Net Assets 2016: $3,971,6392016Assets 2017: $11,973,546Liabilities 2017: $7,943,366Net Assets 2017: $4,030,1802017Assets 2018: $10,615,493Liabilities 2018: $6,427,371Net Assets 2018: $4,188,1222018Assets 2019: $10,094,353Liabilities 2019: $6,046,332Net Assets 2019: $4,048,0212019Assets 2020: $10,858,169Liabilities 2020: $6,876,312Net Assets 2020: $3,981,8572020Assets 2021: $10,685,892Liabilities 2021: $6,982,593Net Assets 2021: $3,703,2992021Assets 2022: $8,124,389Liabilities 2022: $6,535,126Net Assets 2022: $1,589,2632022Assets 2023: $10,456,416Liabilities 2023: $10,061,127Net Assets 2023: $395,2892023Assets 2024: $12,613,766Liabilities 2024: $11,493,702Net Assets 2024: $1,120,0642024Assets 2025: $9,110,869Liabilities 2025: $11,261,572Net Assets 2025: -$2,150,7032025

Highlighted filing

2025

Assets$9,110,869
Liabilities$11,261,572
Net Assets-$2,150,703

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $24,139,6022010Revenue 2011: $26,541,388Expenses 2011: $27,875,325Net Income 2011: -$1,333,9372011Expenses 2012: $26,783,1892012Expenses 2013: $28,961,7142013Revenue 2014: $28,271,794Expenses 2014: $27,912,014Net Income 2014: $359,7802014Revenue 2015: $27,519,256Expenses 2015: $27,060,377Net Income 2015: $458,8792015Revenue 2016: $27,105,677Expenses 2016: $26,296,946Net Income 2016: $808,7312016Revenue 2017: $25,959,611Expenses 2017: $25,043,219Net Income 2017: $916,3922017Revenue 2018: $25,744,301Expenses 2018: $24,642,152Net Income 2018: $1,102,1492018Revenue 2019: $22,535,556Expenses 2019: $21,978,026Net Income 2019: $557,5302019Revenue 2020: $23,748,098Expenses 2020: $23,271,308Net Income 2020: $476,7902020Revenue 2021: $20,101,446Expenses 2021: $19,567,492Net Income 2021: $533,9542021Revenue 2022: $17,013,776Expenses 2022: $18,095,188Net Income 2022: -$1,081,4122022Revenue 2023: $18,503,033Expenses 2023: $19,620,791Net Income 2023: -$1,117,7582023Revenue 2024: $20,786,730Expenses 2024: $22,640,557Net Income 2024: -$1,853,8272024Revenue 2025: $26,920,426Expenses 2025: $30,796,355Net Income 2025: -$3,875,9292025

Highlighted filing

2025

Revenue$26,920,426
Expenses$30,796,355
Net Income-$3,875,929

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.11$11.3$2.15$26.9$30.8$3.88
2024Detailed filing. Detailed filing data is available for this year.$12.6$11.5$1.12$20.8$22.6$1.85
2023Detailed filing. Detailed filing data is available for this year.$10.5$10.1$0.40$18.5$19.6$1.12
2022Detailed filing. Detailed filing data is available for this year.$8.12$6.54$1.59$17.0$18.1$1.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$6.98$3.70$20.1$19.6$0.53
2020Detailed filing. Detailed filing data is available for this year.$10.9$6.88$3.98$23.7$23.3$0.48
2019Detailed filing. Detailed filing data is available for this year.$10.1$6.05$4.05$22.5$22.0$0.56
2018Detailed filing. Detailed filing data is available for this year.$10.6$6.43$4.19$25.7$24.6$1.10
2017Detailed filing. Detailed filing data is available for this year.$12.0$7.94$4.03$26.0$25.0$0.92
2016Detailed filing. Detailed filing data is available for this year.$13.2$9.24$3.97$27.1$26.3$0.81
2015Detailed filing. Detailed filing data is available for this year.$11.3$7.62$3.72$27.5$27.1$0.46
2014Detailed filing. Detailed filing data is available for this year.$13.0$8.90$4.09$28.3$27.9$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$9.62$4.30$29.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$9.36$4.71$26.8
2011Summary only. Only limited summary data is available for this year.$14.5$8.60$5.89$26.5$27.9$1.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$7.34$7.48$24.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 18, 2026
Return Version
2024v5.2
Gross Receipts
$26,920,426
Mission and Program Overview

Mission

The organization's mission is to promote educational excellence in turkey. This is accomplished through the operation of robert college, a secondary school in istanbul, turkey.

Provide teachers, administrators and facilites for a secondary school in istanbul, turkey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,364,628$4,581,457▼ $2,783,171
Land, Buildings, and Equipment, Net$4,775,796$3,668,791▼ $1,107,005
Prepaid Expenses and Deferred Charges$232,533$564,383▲ $331,850
Cash and Non-Interest-Bearing Accounts$226,095$153,210▼ $72,885
Accounts Receivable$12,716$30,590▲ $17,874
Inventories for Sale or Use$1,998$422▼ $1,576
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$12,613,766$9,110,869▼ $3,502,897
Other Assets Total-$112,016-
Liabilities
Deferred Revenue$9,236,473$9,345,708▲ $109,235
Accounts Payable and Accrued Expenses$1,336,304$1,395,481▲ $59,177
Other Liabilities$920,925$520,383▼ $400,542
Total Liabilities$11,493,702$11,261,572▼ $232,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,120,064$-2,150,703▼ $3,270,767
Total Net Assets Fund Balance$1,120,064$-2,150,703▼ $3,270,767
Total Liabilities and Net Assets / Fund Balance$12,613,766$9,110,869▼ $3,502,897

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$914,547$2,902,361$3,816,908
Leasehold Improvements$1,885,583$980,744$2,866,327
Land$868,661-$868,661

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$135,651,586$1,620,059▲ $17,880,959-$151,983,714
2023$123,033,860$698,209▲ $17,194,528-$135,651,586
2022$115,356,797$1,088,934▲ $12,763,503-$123,033,860
2021$135,888,110$867,247▼ $17,830,922-$115,356,797
2020$107,802,768$988,781▲ $31,071,101-$135,888,110
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam OliverHead of SchoolFT$459,364$79,010$538,374
Umran UngunAssociate Head of SchoolFT$244,406$34,806$279,212
Maura KellyDean of FacultyFT$155,671$69,712$225,383
Margaret HaliciogluDean Student AfrsFT$137,603$42,922$180,525
Yildiz GnayDirector Inst AdvancmtFT$126,007$23,309$149,316
Nilhan etinyamaAssoc HeadFT$103,251$25,197$128,448

Highest Paid Contractors

ContractorServicesLocationCompensation
Askur Yemek Uretim Ve Hizmet AsFood ServicesADNAN KAHVECI CAD CELIK SOK NO 14, Ferahevler Sariyeris, Tu$2,060,120
Iss Tesis Yonetim Hiz AsJanitorial ServicesCAGLAYAN MAH KARAAGAC SOK NO 2, Istanbul, Tu$475,216
Iss Proser Koruma Ve Guvenlik Hiz AsSecurity ServicesCAGLAYAN MAH KARAAGAC SOK NO 2, Istanbul, Tu$446,535
Grsel Turizm Tasimacilik ve Servis ASTransportation ServicesSoganlik Orta MahBektas SokNo1 3, Istanbul, Tu$383,739
IT Servis Tek Hiz Egit Ve Dan San ve TicIt RenovationsSerifali Mah Bykyavuz No3 Kat8, Istanbul, Tu$312,342
Revenue and Support

Revenue Composition

Contributions and Grants
$4,008,758
Program Service Revenue
$21,342,784
Investment Income
$1,568,884
Other Revenue
$0
All Other Contributions
$1,158,758
Change in Net Assets
$-3,875,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,920,426
Total Revenue per Audited Statements
$26,920,426
Total Revenue per Form 990
$26,920,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,682,853
Other Expenses$6,287,711
Grants and Similar Amounts Paid$4,825,791
Total Fundraising Expense$693,157
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,916,468$1,303,025$285,204$10,504,697
Foreign Grants$4,825,791--$4,825,791
Payroll Taxes$3,195,337$539,415$59,894$3,794,646
Other Employee Benefits$2,264,559$77,232$54,725$2,396,516
Pension Plan Contributions$1,526,865$221,474$12,353$1,760,692
Fees for Services Other$1,300,173$38,674$153,012$1,491,859
Current Officers, Directors, Trustees, and Key Employees-$1,226,302-$1,226,302
Office Expenses$725,157-$127,969$853,126
Occupancy$547,110--$547,110
Depreciation Depletion$505,410--$505,410
Information Technology$339,028--$339,028
All Other Expenses$206,053--$206,053
Other Expenses$152,285--$152,285
Insurance-$147,815-$147,815
Travel$116,246--$116,246
Conferences and Meetings$102,810--$102,810
Fees for Services Accounting-$37,642-$37,642
Total Functional Expenses$26,511,619$3,591,579$693,157$30,796,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,796,355
Total Expenses per Audited Statements$30,796,355
Total Expenses per Form 990$30,796,355
International Activity

International Summary

Offices
1
Employees
272
Spending
$30,796,355

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesOperation of School in Turkey1272$30,796,355
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Termination & Retirement Liabilities$520,383
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The bylaws of the organization provide for members of the corporation who serve four year terms.

Form 990, Part VI, Section B, Line 11B

The form is provided to all board members prior to filing. It is reviewed and approved for filing by the audit committee.

Form 990, Part VI, Section B, Line 12C

Under the conflict of interest and related party transaction policy, directors are required to annually complete a disclosure statement affirming their compliance with the policy. Any possible conflict is reviewed by the audit committee and any transaction that may be a related party or other covered transaction is presented to the audit committee for review and approval. The minutes of the audit committee will reflect the details and resolutions of these matters.

Form 990, Part VI, Section B, Line 15A

Compensation of the headmaster is reviewed and approved by the executive committee of the board. Compensation of other key employees is reviewed and approved by the headmaster in consultation with the chairman of the finance committee using data from comparable schools for the respective positions.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Trustees of Robert College of Istanbul
EIN
13-5596877
Phone
2129447733
Address
1430 BROADWAY SUITE 1105, NEW YORK, NY 10018

Signing Officer

Name
Erol Hakanoglu
Title
Chairman
Signed
2026-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erol Hakanoglu
Formed
1864
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
40
Volunteers
26

Preparer

Firm
Eisikovic & Kane LLP
Address
1430 Broadway suite 1105, NEW YORK, NY 10018
Preparer
Max Eisikovic
Phone
2129447733
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Actuarial loss = -$133424

Form 990, Part XI, Line 9

Foreign exchange gain = $1369185

Form 990, Part XI, Line 9

Prior period adjustment = -$667018

Form 990, Part XI, Line 9

TAXATION CREDIT = $36419

Form 990, Part XII, Line 2C

The process of audit oversight and selection has not changed from the prior year.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment funds are held by robert college foundation, a 501(c)(3) organization. Funds available to the organization are used to provide scholarships and to support the operations of the organization.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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