Hellenic Initiative Inc
- Assets
- $2.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 45-5301968
Organization Overview
Hellenic Initiative Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hellenic Initiative Inc 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 12/2021, Hellenic Initiative Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hellenic Initiative Inc has awarded 25 individual grants totaling $827,379. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS.
ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES.
ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Liveris Chairman & Co-President | OfficerTrustee | 1 | $0 |
George Stamas Co-President | OfficerTrustee | 10 | $0 |
Achilles Constantakopoulos Board Member | Trustee | 0.5 | $0 |
Alex Karloutsos Board Member | Trustee | 0.5 | $0 |
Constantine Karides Board Member | Trustee | 1 | $0 |
Dennis Mehiel Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Poulos Brothers Inc Director Fees | 12/30/21 | $200,000 |
Impetus Services Program Director | 12/30/21 | $148,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,648,025 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,106,483 |
| Noncash contributions included in lines 1a–1f | $33,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,754,508 |
| Total Program Service Revenue | $0 |
| Investment income | $4,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$97,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,661,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $925,736 |
| 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 | $100,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,175 |
| Fees for services: Management | $354,535 |
| Fees for services: Legal | $536 |
| Fees for services: Accounting | $75,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,352 |
| Advertising and promotion | $10,559 |
| Office expenses | $65,665 |
| Information technology | $12,321 |
| Royalties | $0 |
| Occupancy | $23,723 |
| Travel | $72,936 |
| 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 | $1,108 |
| Insurance | $6,398 |
| All other expenses | $0 |
| Total functional expenses | $2,045,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,343 |
| Savings and temporary cash investments | $1,039,821 |
| Pledges and grants receivable | $349,013 |
| 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 | $5,500 |
| Net Land, buildings, and equipment | $33,752 |
| Investments—publicly traded securities | $1,361,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,801,099 |
| Accounts payable and accrued expenses | $227,622 |
| 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 | $227,622 |
| Net assets without donor restrictions | $2,573,477 |
| Net assets with donor restrictions | $0 |
| 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 | $2,801,099 |
Grants Awarded
Over the last fiscal year, Hellenic Initiative Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: HELP STARTUPS FROM GREECE TO ATTEND THE PROGRAM | $3,000 |
Washington, DC PURPOSE: SPONSORSHIP TOWARDS THE COUNTRY TO REPRESENT ETHNIC AND ECOMOMIC PRIDE. | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hellenic Initiative Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Andreas And Shirley Kramvis Foundation Wilmington, DE PURPOSE: FOOD BANK FUND | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of I D C New York, NY | $14,623,044 | $14,040,962 |
Impactisrael Inc Needham, MA | $24,207,913 | $9,440,610 |
Western Wall Heritage Foundation Inc New York, NY | $25,127,804 | $7,810,412 |
American Academy In Berlin New York, NY | $65,074,118 | $12,729,406 |
Pardes Institute Of Jewish Studies North America Inc New York, NY | $14,479,491 | $5,447,773 |
American Friends Of Israel Organizations Inc Brooklyn, NY | $35,926 | $5,743,615 |
American Friends Of Bais Hamedresh Taharos Airmont, NY | $520,715 | $5,151,497 |
Kolel Chibas Jerusalem Brooklyn, NY | $2,229,952 | $6,000,349 |
American Friends Of The Rambam Medical Center New York, NY | $4,936,949 | $3,958,542 |
Oxford University Development North America Inc New York, NY | $1,680,155 | $4,245,191 |
The Vellore Christian Medical College Foundation Inc New York, NY | $11,427,824 | $4,431,468 |
The American Friends Of The British Museum Inc New York, NY | $2,180,959 | $995,747 |