Ahepa Marathon Chapter No 2 Foundation
- Assets
- $3.3m
- Revenue
- $143.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 56-2271746
Organization Overview
Ahepa Marathon Chapter No 2 Foundation is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahepa Marathon Chapter No 2 Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Ahepa Marathon Chapter No 2 Foundation generated $143.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $170.1k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ahepa Marathon Chapter No 2 Foundation has awarded 27 individual grants totaling $752,800. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES. OTHER GRANTS ARE ALSO GIVEN TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSES.
SCHOLARSHIPS WERE GIVEN TO 18 RECIPIENTS FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Cavalaris Chairman | OfficerTrustee | 1 | $0 |
Terry Sarantou Vice-Chairman | OfficerTrustee | 1 | $0 |
Nicholas Markos Kontos Secretary/treasurer | OfficerTrustee | 1 | $0 |
Frank P Boardman Trustee | Trustee | 1 | $0 |
Ronald Stavro Drobonick Trustee | Trustee | 1 | $0 |
Khalil E Kardous Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $76,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,050 |
| Grants and other assistance to domestic individuals. | $29,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,865 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,336 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,442 |
| All other expenses | $444 |
| Total functional expenses | $170,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,308 |
| Savings and temporary cash investments | $12,436 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,265,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,298,364 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,298,364 |
| Total liabilities and net assets/fund balances | $3,298,364 |
Grants Awarded
Over the last fiscal year, Ahepa Marathon Chapter No 2 Foundation has awarded $63,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AHEPA MOTHER LODGE CHAPTER NO 1 EDUCATIONAL FUND INC PURPOSE: GENERAL SUPPORT | $10,000 |
AHEPA SCHOLARSHIP FOUNDATION INC PURPOSE: CENTENNIAL BANQUET, CENTENNIAL FUND, SCHOLARSHIPS | $16,900 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL SUPPORT | $6,000 |
CHARLOTTE RESCUE MISSION PURPOSE: NEW BUILDING DONATION | $12,500 |
DAUGHTERS OF PENELOPE CHARITABLE FDN PURPOSE: GENERAL SUPPORT | $10,000 |
ST NEKTARIOS PURPOSE: CHRISTMAS FUNDRAISER AND 5K WALK/RUN FUNDRAISER | $8,000 |