Totals
- Total revenue
- $2,674,218
- Total expenses
- $3,324,210
- Contributions and grants received
- $2,823,564
- Grants paid
- $1,344,488
- Program service revenue
- $0
- Investment income
- $76,043
- Other revenue
- -$225,389
- Total assets, end of year
- $2,855,442
- Total liabilities, end of year
- $187,182
- Net assets or fund balances, end of year
- $2,668,260
- Program services expenses (Part IX)
- $1,565,288
- Management and general expenses
- $696,167
- Fundraising expenses
- $1,062,755
- Program service expenses (Part III)
- $1,565,288
Program services were 47.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$1,223,360
-
1f · All other contributions, gifts and grants
$1,600,204
-
3 · Investment income
total $76,043 · excluded $76,043
-
8a · Fundraising events: gross income
$883,030
-
8a · Fundraising events: contributions included on line 1c
$1,223,360
-
8b · Fundraising events: direct expenses
$1,108,419
-
8c · Net income from fundraising events
total -$225,389 · excluded -$225,389
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,344,488 · program services $1,344,488
-
5 · Compensation of officers, directors and key employees
total $80,000 · management and general $64,000 · fundraising $16,000
-
7 · Other salaries and wages
total $34,294 · management and general $27,435 · fundraising $6,859
-
11a · Fees: management
total $640,923 · program services $220,800 · management and general $255,804 · fundraising $164,319
-
11c · Fees: accounting
total $26,340 · management and general $26,340
-
11g · Fees: other
total $359,574 · management and general $35,111 · fundraising $324,463
-
12 · Advertising and promotion
total $28,083 · fundraising $28,083
-
13 · Office expenses
total $99,381 · management and general $99,381
-
14 · Information technology
total $6,903 · management and general $6,903
-
16 · Occupancy
total $45,820 · management and general $45,820
-
17 · Travel
total $637,976 · management and general $114,945 · fundraising $523,031
-
23 · Insurance
total $5,428 · management and general $5,428
-
24a · Other expenses: PROVISION FOR BAD DEBT
total $15,000 · management and general $15,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,240 · end of year $3,283
-
2 · Savings and temporary cash investments
beginning of year $1,884,960 · end of year $1,086,345
-
3 · Pledges and grants receivable
beginning of year $414,863 · end of year $204,561
-
9 · Prepaid expenses and deferred charges
beginning of year $5,500 · end of year $71,400
-
10a · Land, buildings and equipment: cost or other basis
$39,036
-
10b · Land, buildings and equipment: accumulated depreciation
$5,536
-
10c · Land, buildings and equipment, net
beginning of year $33,500 · end of year $33,500
-
11 · Investments: publicly traded securities
beginning of year $1,256,575 · end of year $1,456,353
-
17 · Accounts payable and accrued expenses
beginning of year $312,846 · end of year $187,182
-
27 · Net assets without donor restrictions
beginning of year $3,308,792 · end of year $2,668,260
Mission and programs · 2024
Mission
THE HELLENIC INITIATIVE ("THI") IS A NONPARTISAN, SECULAR ORGANIZATION FORMED TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. THI IS COMMITTED TO THE RELIEF, RECOVERY, AND RENEWAL OF GREECE WHILE IT HELPS SHAPE GREECE'S LONG-TERM RECOVERY IN RESPONSE TO THE WORSENING ECONOMIC CRISIS. THI'S STRATEGIES ENTAIL BUILDING PROGRAMS IN THREE AREAS CRITICAL TO SHAPING GREECE'S GROWTH AS IT EMERGES FROM THE ECONOMIC CRISIS: CRISIS RELIEF, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT.
Activities or mission (Part I)
TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE.
-
CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS.
Expenses $919,252 · Grants $789,582
-
ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY.
Expenses $387,105 · Grants $332,500
-
ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES.
Expenses $258,931 · Grants $222,406
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Achilles ConstantakopoulosACHILLES CONSTANTAKOPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Alex KarloutsosALEX KARLOUTSOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Aris CandrisARIS CANDRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Constantine KaridesCONSTANTINE KARIDES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Corinne MentzelopoulosCORINNE MENTZELOPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Constantine DakoliasCONSTANTINE DAKOLIAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dean MetropoulosDEAN METROPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dennis MehielDENNIS MEHIEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dimitris GeorgakopoulosDIMITRIS GEORGAKOPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Drake BehrakisDRAKE BEHRAKIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eleni KounalakisELENI KOUNALAKIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George DavidGEORGE DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George FrazisGEORGE FRAZIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George LogothetisGEORGE LOGOTHETIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George MarcusGEORGE MARCUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George SvokosGEORGE SVOKOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Harry WilsonHARRY WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
James NearyJAMES NEARY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeremy DownwardJEREMY DOWNWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John KoudounisJOHN KOUDOUNIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
John Calamos SrJOHN CALAMOS SR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
John CatsimatidisJOHN CATSIMATIDIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
John D GeorgesJOHN D GEORGES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria AllwinMARIA ALLWIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael PsarosMICHAEL PSAROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas G PappasNICHOLAS G PAPPAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas AlexosNICHOLAS ALEXOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick MitarosNICK MITAROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nikos KoumettisNIKOS KOUMETTIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nikos StathopoulosNIKOS STATHOPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Theodore LeonsisTHEODORE LEONSIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
William DoucasWILLIAM DOUCAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew LiverisANDREW LIVERIS
CHAIRMAN & CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
George StamasGEORGE STAMAS
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Caterina Papoulias-SakellarisCATERINA PAPOULIAS-SAKELLARIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George AndersonGEORGE ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Pericles NavabPERICLES NAVAB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter BarrisPETER BARRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Theane EvangelisTHEANE EVANGELIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
William Bill SpellWILLIAM BILL SPELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Muhtar KentMUHTAR KENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter PoulosPETER POULOS
EXECUTIVE DIRECTOR
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349320939
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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