Form 990 for tax year 2022
Filed by PANCRETAN ASSOCIATION OF AMERICA.
Totals
- Total revenue
- $868,579
- Total expenses
- $582,172
- Contributions and grants received
- $68,185
- Grants paid
- $116,825
- Program service revenue
- $519,326
- Investment income
- $281,068
- Other revenue
- $0
- Total assets, end of year
- $5,771,561
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,771,561
- Program services expenses (Part IX)
- $511,920
- Management and general expenses
- $70,252
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $511,920
Program services were 87.9% 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
$68,026
-
1f · All other contributions, gifts and grants
$159
-
2a · Program service revenue: Magazine Dues
total $92,553 · related or exempt $92,553
-
2b · Program service revenue: Scholarship Contributions
total $251,442 · related or exempt $251,442
-
2c · Program service revenue: Cultural and Education
total $92,616 · related or exempt $92,616
-
2d · Program service revenue: Philanthropic
total $70,050 · related or exempt $70,050
-
2e · Program service revenue: 300 Cretans Program
total $1,000 · related or exempt $1,000
-
2f · All other program service revenue
total $11,665 · related or exempt $11,665
-
3 · Investment income
total $281,068 · excluded $281,068
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $116,825 · program services $116,825
-
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 $19,500 · management and general $19,500
-
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 $5,102 · management and general $5,102
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $600 · management and general $600
-
13 · Office expenses
total $29,673 · management and general $29,673
-
14 · Information technology
total $9,119 · management and general $9,119
-
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 $4,000 · management and general $4,000
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,758 · management and general $1,758
-
24a · Other expenses: KPHTH Magazine
total $99,180 · program services $99,180
-
24b · Other expenses: Philanthropic Contributions
total $131,922 · program services $131,922
-
24c · Other expenses: Cultural Education Contributions
total $84,517 · program services $84,517
-
24d · Other expenses: Convention
total $79,476 · program services $79,476
-
24e · All other expenses
total $500 · management and general $500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $443,825 · end of year $294,368
-
2 · Savings and temporary cash investments
beginning of year $7,618 · end of year $7,831
-
10a · Land, buildings and equipment: cost or other basis
$4,062
-
10b · Land, buildings and equipment: accumulated depreciation
$4,062
-
11 · Investments: publicly traded securities
beginning of year $5,303,977 · end of year $5,469,362
-
28 · Net assets with donor restrictions
beginning of year $5,755,420 · end of year $5,771,561
Mission and programs · 2022
Mission
To support educational, cultural and philanthropic activities which encompass the pancretan culture.
-
SCHOLARSHIP - The PanCretan Association of America is proud to provide scholarships for youth members of our organization. Since its inception, the Various Scholarship Funds have awarded scholarships to eligible high school, college and graduate students in need of financial assistance.
Expenses $116,825 · Revenue $251,442
-
CULTURAL AND EDUCATION - The PanCretan Association of America is dedicated to developing, encouraging and sustaining programs and activities that promote Hellenic culture, thought, language and traditions. These goals are achieved through the production and distribution of cds and dvds that highlight cretan music and dance, and the encouragement of youth dance groups throughout the country. The cultural and education committee has also arranged special concerts and plays that have toured the country.
Expenses $84,517 · Revenue $92,616
-
PHILANTHROPIC - The PanCretan Association of America philanthropic fund was created to provide financial support to a variety of organizations including hospitals, orphanages, churches and schools and individuals with critical needs both here in the United States and in Crete, Greece.
Expenses $131,922 · Revenue $70,050
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dianne Sophinos
General Secretary
- Total calculated
- $19,500
- From this org
- $19,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 20 related
-
James Boutzoukas
President
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
John Marakis
1st Vice-President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Diane Kounalakis
2nd Vice-President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
George Tsoutsounakis
3rd Vice-President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Tom Lantzourakis
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Maria Vamvakis
Womens Executive Director
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Nikos Kastrinakes
General Supervisor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Nicholas Papasifakis
Legal Advisor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Thomas Papadakos
PYA President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sophia Papadakis
Youth Supervisor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Bobby Zoumberakis
Youth Supervisor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
John G Russon CFA
Board of Investments
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Hristos Stavrou
Cultural Education Chair
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Anna Giannoulias
Endowment Fund
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Kostas Katsohirakis
Foundation
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Evangelia Hobitakis
Philanthropic Fund
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Dr Sophia Papasifakis Masters
Scholarships
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Peter Marangoudakis
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Gary Ahladianakis
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Alex Tsipras
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Andreas Papadakis
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Vasili Lyhnakis
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Steve J LaBritt
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Steve Steffas
Ditrict Governor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
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
- 2022
- Filed
- 14 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431069349300913
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