Foundation For Hellenic Education And Culture Nfp
- Assets
- $4.1m
- Revenue
- $254.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-2989882
Organization Overview
Foundation For Hellenic Education And Culture Nfp is located in Wilmette, IL. The organization was established in 2017. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Hellenic Education And Culture Nfp 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, Foundation For Hellenic Education And Culture Nfp generated $254.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $295.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HELLENIC EDUCATION AND CULTURE BY OPERATING HELLENIC DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOUNDATION PURCHASED AND PROVIDED A SCHOOL BUILDING TO THE HELLENIC AMERICAN ACADEMY IN DIRECT FURTHERANCE OF THE FOUNDATIONS CHARITABLE PURPOSE TO SUPPORT EDUCATION AND ARTS WITH AN EMPHASIS ON PROMOTING A GREATER UNDERSTANDING OF HELLENIC LANGUAGE, CULTURE AND HERITAGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stavros Basseas Chairman Trustee Treasurer | OfficerTrustee | 6 | $0 |
Constantine Kanellos President - Se President/trustee | OfficerTrustee | 30 | $0 |
Demetrios G Logothetis Chairman | OfficerTrustee | 1 | $0 |
Harold V Anagnos Treasurer Trustee Vice President | OfficerTrustee | 2 | $0 |
Jimmy Bousis Trustee Trustee | OfficerTrustee | 1 | $0 |
Peter Skiouris Trustee Trustee | OfficerTrustee | 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 | $252,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,100 |
| Total Program Service Revenue | $0 |
| Investment income | $2,403 |
| 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 | $254,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,000 |
| 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 | $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 | $1,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,220 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $295,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,356 |
| Savings and temporary cash investments | $0 |
| 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 | $3,283,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $698,269 |
| Total assets | $4,071,354 |
| 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 | $1,150,000 |
| Secured mortgages and notes payable | $2,175,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,066 |
| Total liabilities | $3,448,286 |
| 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 | $623,068 |
| Total liabilities and net assets/fund balances | $4,071,354 |
Grants Awarded
Over the last fiscal year, Foundation For Hellenic Education And Culture Nfp has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Des Plaines, IL PURPOSE: KIDS EDUCATION | $25,000 |
ASCENSION OF OUR LORD GREEK ORTHODOX PURPOSE: CHILDREN EVENTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Hellenic Education And Culture Nfp has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Evanston Art Center And Market Evanston, IL | $5,253,080 | $1,872,951 |
Arts Of Life Chicago, IL | $862,987 | $1,651,270 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |