Form 990 for tax year 2022
Filed by HELLENIC AMERICAN ACADEMY FOUNDATION NFP.
Totals
- Total revenue
- $2,718,169
- Total expenses
- $2,065,305
- Contributions and grants received
- $1,063,141
- Grants paid
- $0
- Program service revenue
- $1,575,582
- Investment income
- $0
- Other revenue
- $79,446
- Total assets, end of year
- $5,569,088
- Total liabilities, end of year
- $3,280,094
- Net assets or fund balances, end of year
- $2,288,994
- Program services expenses (Part IX)
- $1,503,699
- Management and general expenses
- $561,606
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,503,699
Program services were 72.8% 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
$181,399
-
1f · All other contributions, gifts and grants
$881,742
-
2a · Program service revenue: TUITION AND FEE INCOME
total $1,519,849 · related or exempt $1,519,849
-
2b · Program service revenue: SUMMER CAMP
total $49,760 · related or exempt $49,760
-
2c · Program service revenue: CULTURAL PROGRAMS
total $5,973 · related or exempt $5,973
-
8a · Fundraising events: gross income
$154,257
-
8a · Fundraising events: contributions included on line 1c
$181,399
-
8b · Fundraising events: direct expenses
$74,811
-
8c · Net income from fundraising events
total $79,446
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,418,407 · program services $1,320,532 · management and general $97,875
-
11b · Fees: legal
total $1,599 · management and general $1,599
-
11c · Fees: accounting
total $6,950 · management and general $6,950
-
11g · Fees: other
total $35,557 · program services $13,867 · management and general $21,690
-
12 · Advertising and promotion
total $5,508 · program services $1,377 · management and general $4,131
-
13 · Office expenses
total $16,494 · program services $8,247 · management and general $8,247
-
14 · Information technology
total $24,036 · program services $7,576 · management and general $16,460
-
16 · Occupancy
total $108,530 · program services $97,677 · management and general $10,853
-
20 · Interest
total $130,157 · management and general $130,157
-
22 · Depreciation, depletion and amortization
total $206,684 · management and general $206,684
-
23 · Insurance
total $26,952 · management and general $26,952
-
24a · Other expenses: SUPPLIES AND MATERIALS
total $47,730 · program services $47,730
-
24b · Other expenses: BANK/CREDIT CARD FEES
total $25,838 · management and general $25,838
-
24c · Other expenses: FOOD COSTS
total $9,528 · program services $6,543 · management and general $2,985
-
24d · Other expenses: CHARITABLE DONATIONS
total $1,185 · management and general $1,185
-
24e · All other expenses
total $150 · program services $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $389,844 · end of year $218,272
-
4 · Accounts receivable
beginning of year $850 · end of year $6,681
-
10a · Land, buildings and equipment: cost or other basis
$5,138,926
-
10b · Land, buildings and equipment: accumulated depreciation
$224,747
-
10c · Land, buildings and equipment, net
beginning of year $4,961,605 · end of year $4,914,179
-
15 · Other assets
beginning of year $2,473 · end of year $429,956
-
17 · Accounts payable and accrued expenses
beginning of year $15,245 · end of year $43,995
-
23 · Secured mortgages and notes payable
beginning of year $3,201,926 · end of year $2,641,798
-
24 · Unsecured notes and loans payable
beginning of year $500,000 · end of year $500,000
-
25 · Other liabilities
beginning of year $75,312 · end of year $94,301
-
27 · Net assets without donor restrictions
beginning of year $1,562,289 · end of year $2,288,994
Mission and programs · 2022
Mission
TO BE THE PREEMINENT EDUCATIONAL AND CULTURAL CENTER FOR HELLENISM IN THE UNITED STATES RECOGNIZED FOR ACADEMIC EXCELLENCE, A STRONG SENSE OF COMMUNITY, AND THE PROMOTION OF GREEK HERITAGE AND FAITH.
-
SCHOOL PROGRAMS: THE ACADEMEY WAS FORMED IN ORDER TO PROVIDE AN INDEPENDANT, BILINGUAL, PRIVATE SCHOOL. THE ACADEMY ALSO OFFERS WEEKEND AND EVENING SCHOOL PROGRAMS.
Expenses $1,458,651 · Revenue $1,519,849
-
SUMMER PROGRAMS: THE ACADEMY OFFERS A SUMMER CAMP AND A GREEK CONVERSATION PROGRAM.
Expenses $39,616 · Revenue $49,760
-
CULTURAL PROGRAMS: THE ACADEMY WAS FORMED IN ORDER TO PROMOTE AN UNDERSTANDING OF THE HELLENIC CULTURE, IDEAS, AND TRADITION.
Expenses $5,432 · Revenue $5,973
As filed on the 2022 return.
Listed in Part VII
-
Manolis KaramouzisMANOLIS KARAMOUZIS
TREASURER
- Total calculated
- $0
-
Dr Spiro KarrasDR SPIRO KARRAS
VICE-PRESIDE
- Total calculated
- $0
-
Demetrios LogothetisDEMETRIOS LOGOTHETIS
CHAIRMAN
- Total calculated
- $0
-
Peter MaroutsosPETER MAROUTSOS
CHIEF OPER.
- Total calculated
- $0
-
Angelo SpyratosANGELO SPYRATOS
SECRETARY
- Total calculated
- $0
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
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343539349301209
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