Panhellenic Scholarship Foundation
- Assets
- $4.8m
- Revenue
- $634.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 10/2002
- Data as of
- 09/2022
- EIN
- 36-4302482
Organization Overview
Panhellenic Scholarship Foundation is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 09/2022, Panhellenic Scholarship Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhellenic Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Panhellenic Scholarship Foundation generated $634.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $934.3k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EDUCATION OF WORTHY STUDENTS OF HELLENIC DESCENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS AND COMMUNICATIONS PROGRAMS TO RAISE AWARENESS OF THE AVAILABILITY OF SCHOLARSHIPS, THE APPLICATION PROCESS, AND THE CRITERIA BY WHICH RECIPIENTS ARE CHOSEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Athan P Sotos Secretary | OfficerTrustee | $0 | |
John G Manos Treasurer | OfficerTrustee | $0 | |
Robert A Buhler Chairman | OfficerTrustee | $0 | |
Ted Argeroplos Director | Trustee | $0 | |
Demetrios L Kozonis Director | Trustee | $0 | |
John W Galanis Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,848 |
| Total Program Service Revenue | $0 |
| Investment income | $127,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $285,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,359 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,008 |
| Office expenses | $37,826 |
| Information technology | $23,538 |
| Royalties | $0 |
| Occupancy | $41,533 |
| Travel | $8,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,081 |
| Insurance | $5,017 |
| All other expenses | $0 |
| Total functional expenses | $934,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,703 |
| Savings and temporary cash investments | $59,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,906 |
| Net Land, buildings, and equipment | $5,449 |
| Investments—publicly traded securities | $4,534,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,756,611 |
| Accounts payable and accrued expenses | $160,395 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $160,395 |
| Net assets without donor restrictions | $3,992,811 |
| Net assets with donor restrictions | $603,405 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,756,611 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Panhellenic Scholarship Foundation has recieved totaling $80,017.
| Awarding Organization | Amount |
|---|---|
Renaissance Fund Nfp Chicago, IL PURPOSE: FELLOWSHIP AWARDS 2022-2023 SCHOOL YEAR (ADDITIONAL RECIPIENT) | $20,000 |
Renaissance Fund Nfp Chicago, IL PURPOSE: SCHOLARSHIP 50 SOCIETY GRANT (2021 PAYMENT) | $20,000 |
Hellenic Foundation Chicago, IL PURPOSE: SCHOLARSHIP | $10,000 |
Buhler Kapsalis Family Foundation Pleasant Prairie, WI PURPOSE: PROVIDE EDUCATIONAL SUPPORT FOR GREEK AMERICAN STUDENTS | $10,000 |
Booth 10 Foundation Deerfield, IL PURPOSE: TO FURTHER ORGANIZATION'S TAX-EXEMPT PURPOSES. | $10,000 |
Renaissance Fund Nfp Chicago, IL PURPOSE: SCHOLARSHIP 50 SOCIETY GRANT 2021 ADDITIONAL AWARD | $10,000 |
Endowment Analysis
| Beg. Balance | $832,081 |
| Earnings | -$181,877 |
| Admin Expense | $16,799 |
| Grants | $30,000 |
| Ending Balance | $603,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |