Civic Intelligence

Alba Graduate Business School

EIN 98-1108496 • 501(c)3 • Athens, Attica, GR

Profile

Our mission is to educate visionary leaders of tomorrow who will act as agents of change and help shape the future business world by pushing forward the frontiers of knowledge related to the management of business organizations, while making that knowledge relevant to practitioners. Generating and disseminating knowledge represent our twin objectives. - see more at:

10 Xenias StreetAthens, Attica 11528Gr

www.alba.edu.gr

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.27x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

54th percentile

$69,103

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

55th percentile

5.2%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

25th percentile

-7.9%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,493,215

Up $220,532 (+5.2%) from 2024

Liabilities

Up

$584,345

Up $109,461 (+23%) from 2024

Net Assets

Up

$3,908,870

Up $111,071 (+2.9%) from 2024

Revenue

Down

$2,137,971

Down $182,544 (-7.9%) from 2024

Expenses

Down

$2,033,811

Down $235,784 (-10%) from 2024

Net Income

Up

$104,160

Up $53,240 (+105%) from 2024

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $6,362,765Liabilities 2014: $2,321,645Net Assets 2014: $4,041,1202014Assets 2015: $6,053,301Liabilities 2015: $1,964,078Net Assets 2015: $4,089,2232015Assets 2016: $6,311,885Liabilities 2016: $2,330,151Net Assets 2016: $3,981,7342016Assets 2017: $5,793,849Liabilities 2017: $1,396,252Net Assets 2017: $4,397,5972017Assets 2018: $5,107,447Liabilities 2018: $1,239,999Net Assets 2018: $3,867,4482018Assets 2019: $4,638,670Liabilities 2019: $1,099,088Net Assets 2019: $3,539,5822019Assets 2020: $4,534,108Liabilities 2020: $1,105,746Net Assets 2020: $3,428,3622020Assets 2021: $4,146,756Liabilities 2021: $500,755Net Assets 2021: $3,646,0012021Assets 2022: $4,010,207Liabilities 2022: $411,123Net Assets 2022: $3,599,0842022Assets 2023: $4,606,358Liabilities 2023: $527,004Net Assets 2023: $4,079,3542023Assets 2024: $4,272,683Liabilities 2024: $474,884Net Assets 2024: $3,797,7992024Assets 2025: $4,493,215Liabilities 2025: $584,345Net Assets 2025: $3,908,8702025

Highlighted filing

2025

Assets$4,493,215
Liabilities$584,345
Net Assets$3,908,870

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $7,424,949Expenses 2014: $7,353,995Net Income 2014: $70,9542014Revenue 2015: $7,477,144Expenses 2015: $7,429,041Net Income 2015: $48,1032015Revenue 2016: $6,851,751Expenses 2016: $6,959,240Net Income 2016: -$107,4892016Revenue 2017: $4,965,426Expenses 2017: $4,549,563Net Income 2017: $415,8632017Revenue 2018: $1,781,993Expenses 2018: $1,923,547Net Income 2018: -$141,5542018Revenue 2019: $1,725,632Expenses 2019: $1,858,611Net Income 2019: -$132,9792019Revenue 2020: $2,420,323Expenses 2020: $2,685,068Net Income 2020: -$264,7452020Revenue 2021: $2,167,600Expenses 2021: $2,196,956Net Income 2021: -$29,3562021Revenue 2022: $1,294,244Expenses 2022: $1,252,453Net Income 2022: $41,7912022Revenue 2023: $2,070,439Expenses 2023: $2,043,822Net Income 2023: $26,6172023Revenue 2024: $2,320,515Expenses 2024: $2,269,595Net Income 2024: $50,9202024Revenue 2025: $2,137,971Expenses 2025: $2,033,811Net Income 2025: $104,1602025

Highlighted filing

2025

Revenue$2,137,971
Expenses$2,033,811
Net Income$104,160

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.49$0.58$3.91$2.14$2.03$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$0.47$3.80$2.32$2.27$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$0.53$4.08$2.07$2.04$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.41$3.60$1.29$1.25$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.50$3.65$2.17$2.20$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$1.11$3.43$2.42$2.69$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$1.10$3.54$1.73$1.86$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$1.24$3.87$1.78$1.92$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.79$1.40$4.40$4.97$4.55$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$2.33$3.98$6.85$6.96$0.11
2015Detailed filing. Detailed filing data is available for this year.$6.05$1.96$4.09$7.48$7.43$0.05
2014Detailed filing. Detailed filing data is available for this year.$6.36$2.32$4.04$7.42$7.35$0.07
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$2,070,439
Mission and Program Overview

Mission

Our mission is to educate visionary leaders of tomorrow who will act as agents of change and help shape the future business world by pushing forward the frontiers of knowledge related to the management of business organizations, while making that knowledge relevant to practitioners. Generating and disseminating knowledge represent our twin objectives. - see more at:

Our mission is to educate visionary leaders of tomorrow who will act as agents of change and help shape the future business world by pushing forward the frontiers of knowledge relevant to practitioners. Generating and disseminating knowledge represent our twin objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$6,123,245$6,126,899▲ $3,654
Land, Buildings, and Equipment, Net$3,781,078$3,763,093▼ $17,985
Investments Other Securities$375,659$436,546▲ $60,887
Accounts Receivable$265,344$375,526▲ $110,182
Prepaid Expenses and Deferred Charges$19,163$22,841▲ $3,678
Cash and Non-Interest-Bearing Accounts$440,489$8,150▼ $432,339
Intangible Assets$1,854$202▼ $1,652
Rtn Earn Endowment Incm Other Fnds$-2,077,466$-2,047,545▲ $29,921
Total Assets$4,883,587$4,606,358▼ $277,229
Liabilities
Accounts Payable and Accrued Expenses$343,663$381,188▲ $37,525
Unsecured Notes Loans Payable$74,816$73,937▼ $879
Other Liabilities$419,329$71,879▼ $347,450
Total Liabilities$837,808$527,004▼ $310,804
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,045,779$4,079,354▲ $33,575
Total Liabilities and Net Assets / Fund Balance$4,883,587$4,606,358▼ $277,229

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,349$1,255,546-
Land$3,754,352--
Leasehold Improvements$3,392$64,572-
Other Securities$436,546--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Magdalene GeorgiouAccountantFT$49,365$49,365
Stelios ArgyrosChairman of the Bod-$44,164$44,164
Konstantinos AxarloglouMEMBER BofD - DEAN-$26,148$26,148

Board Members and Trustees

NameTitle
Dr David G HornerMEMBER BofD - PRESIDENT
Ioannis GiotisVice-chairman
I SaracakisMEMBER BoD
P KyriacopoulosMEMBER BoD
Kyriakos SabatakakisMEMBER BofD
Michael TsamazMEMBER BofD
Philippa MichaliMEMBER BofD
Konstantinos BitsiosSecretary General
Sofia Kounenaki-efraimoglouTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$517,458
Program Service Revenue
$1,551,013
Investment Income
$0
Other Revenue
$1,968
Change in Net Assets
$26,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,378,820
Salaries, Compensation, and Employee Benefits$665,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$791,932--$791,932
Other Salaries and Wages$538,604--$538,604
Other Expenses$129,150--$129,150
Payroll Taxes$116,646--$116,646
Occupancy$98,293--$98,293
All Other Expenses$97,765--$97,765
Travel$92,144--$92,144
Advertising$22,145--$22,145
Office Expenses$21,717--$21,717
Depreciation Depletion$14,172--$14,172
Other Employee Benefits$9,752--$9,752
Interest$3,615--$3,615
Insurance$1,117--$1,117
Fees for Services Legal$325--$325
Total Functional Expenses$2,043,822$0$0$2,043,822
International Activity

International Summary

Offices
1

International Compliance

Foreign grant records maintained
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe including Iceland and GreenlandGrant makingGraduate Program1--
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Provision for Severance Pay$42,465
Provision for Prior Period Expense$20,934
Provision for Debt$8,480
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

No review was conducted or will be conducted

Governing documents etc available to public Part VI line 19

Documentation is available upon request

Filing and Contact Details

Filer

Filer Name
Alba Executive Development & Applied Research Busi
EIN
98-1108496
Address
GR

Signing Officer

Name
Magdalene Georgiou
Title
Accountant
Phone
2108964531
Signed
2023-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Magdalene Georgiou
Formed
2014
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Vardalos & Associates Inc
Address
6831 WEST HIGHLAND DRIVE, Palos Heights, IL 60463
Preparer
Danae G Maridakis
Phone
2109317477
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Foreign exchange differences from euro, the currency used, to usd. Adjustment for fixed assets.

List of other fees for services expenses Part IX line 11G

Professors 589,593technical 202,339

Raw XML AppendixShowing 400 of 442 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTATION IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOREIGN EXCHANGE DIFFERENCES FROM EURO, THE CURRENCY USED, TO USD. ADJUSTMENT FOR FIXED ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSORS 589,593TECHNICAL 202,339
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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