Form 990 for tax year 2024
Filed by FEDERATION OF CYPRIOT AMERICAN ORGANIZATIONS INC.
Totals
- Total revenue
- $294,147
- Total expenses
- $275,234
- Contributions and grants received
- $264,338
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $29,809
- Other revenue
- $0
- Total assets, end of year
- $682,021
- Total liabilities, end of year
- $7,203
- Net assets or fund balances, end of year
- $674,818
- Program services expenses (Part IX)
- $209,866
- Management and general expenses
- $65,368
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $209,866
Program services were 76.3% 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.
-
1b · Membership dues
$2,450
-
1e · Government grants (contributions)
$71,940
-
1f · All other contributions, gifts and grants
$189,948
-
3 · Investment income
total $29,809 · related or exempt $29,809
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,500 · management and general $2,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $4,992 · program services $2,358 · management and general $2,634
-
13 · Office expenses
total $4,555 · program services $2,050 · management and general $2,505
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $13,500 · program services $6,750 · management and general $6,750
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,095 · management and general $3,095
-
24a · Other expenses: OUTSIDE SERVICE
total $48,305 · program services $31,881 · management and general $16,424
-
24b · Other expenses: BANQUET HALL
total $45,855 · program services $45,855
-
24c · Other expenses: SPONSORSHIP & EVENTS
total $35,140 · program services $35,140
-
24d · Other expenses: ORGANIZATION EVENTS
total $28,900 · program services $21,470 · management and general $7,430
-
24e · All other expenses
total $88,392 · program services $64,362 · management and general $24,030
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $663,735 · end of year $662,628
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,000 · end of year $16,450
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,700 · end of year $2,943
-
17 · Accounts payable and accrued expenses
beginning of year $11,530 · end of year $7,203
-
27 · Net assets without donor restrictions
beginning of year $655,905 · end of year $674,818
Mission and programs · 2024
Mission
The Organization supports philanthropic and charitable initiatives, awards scholarships, and funds community, cultural, religious, and educational programs within the United States and Cyprus.
-
To sponsor and support organizations who share in the promotion of philanthropy and both host and partake in events which drive the organization's mission.
Expenses $101,777 · Revenue $86,890
-
To promote the organization's mission with a Gala.
Expenses $63,494 · Revenue $136,650
-
To award scholarships for educational purposes to individuals attending accredited colleges and universities within the United States, based on need and merit.
Expenses $23,000 · Revenue $18,750
-
To donate cash for philanthropic events and non-for-profit organizations.
Expenses $21,595 · Revenue $9,175
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kyriacos PapastylianouKYRIACOS PAPASTYLIANOU
President
- Total calculated
- $0
- Hours/week
- 5
-
Margarita EracleousMARGARITA ERACLEOUS
Executive VP
- Total calculated
- $0
- Hours/week
- 1
-
Yannis ChristodoulidesYANNIS CHRISTODOULIDES
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Stelios TsappasSTELIOS TSAPPAS
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Despina AxiotakisDESPINA AXIOTAKIS
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Andreas ChristouANDREAS CHRISTOU
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Toulla HadjioannouTOULLA HADJIOANNOU
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Arianna ChristouARIANNA CHRISTOU
Treasurer
- Total calculated
- $0
- Hours/week
- 3
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349313390
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