Form 990 for tax year 2022
Filed by HELLENIC INITIATIVE INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 22 December 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total expenses
- $2,159,486 changed to $2,159,487
- Fundraising expenses
- $292,277 changed to $292,278
Totals
- Total revenue
- $2,464,533
- Total expenses
- $2,159,486
- Contributions and grants received
- $2,744,630
- Grants paid
- $1,119,600
- Program service revenue
- $0
- Investment income
- $32,943
- Other revenue
- -$313,040
- Total assets, end of year
- $3,020,856
- Total liabilities, end of year
- $186,048
- Net assets or fund balances, end of year
- $2,834,808
- Program services expenses (Part IX)
- $1,312,794
- Management and general expenses
- $554,415
- Fundraising expenses
- $292,277
- Program service expenses (Part III)
- $1,312,794
Program services were 60.8% 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
$2,091,800
-
1f · All other contributions, gifts and grants
$652,830
-
3 · Investment income
total $32,943 · excluded $32,943
-
8a · Fundraising events: gross income
$806,715
-
8a · Fundraising events: contributions included on line 1c
$2,091,800
-
8b · Fundraising events: direct expenses
$1,119,755
-
8c · Net income from fundraising events
total -$313,040 · excluded -$313,040
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,119,600 · program services $1,119,600
-
7 · Other salaries and wages
total $164,914 · management and general $131,931 · fundraising $32,983
-
10 · Payroll taxes
total $13,720 · management and general $10,976 · fundraising $2,744
-
11a · Fees: management
total $477,870 · program services $193,194 · management and general $120,585 · fundraising $164,091
-
11c · Fees: accounting
total $235,504 · management and general $132,004 · fundraising $103,500
-
11g · Fees: other
total $128,671 · management and general $4,410 · fundraising $124,261
-
12 · Advertising and promotion
total $10,209 · fundraising $10,209
-
13 · Office expenses
total $73,513 · management and general $73,513
-
14 · Information technology
total $5,238 · management and general $5,238
-
16 · Occupancy
total $30,341 · management and general $30,341
-
17 · Travel
total -$116,832 · management and general $28,679 · fundraising -$145,511
-
22 · Depreciation, depletion and amortization
total $252 · management and general $252
-
23 · Insurance
total $14,316 · management and general $14,316
-
24a · Other expenses: MISCELLANEOUS
total $2,170 · management and general $2,170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,343 · end of year $14,073
-
2 · Savings and temporary cash investments
beginning of year $1,039,821 · end of year $1,659,131
-
3 · Pledges and grants receivable
beginning of year $349,013 · end of year $540,452
-
9 · Prepaid expenses and deferred charges
beginning of year $5,500 · end of year $5,500
-
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 $33,752 · end of year $33,500
-
11 · Investments: publicly traded securities
beginning of year $1,361,670 · end of year $768,200
-
17 · Accounts payable and accrued expenses
beginning of year $227,622 · end of year $186,048
-
27 · Net assets without donor restrictions
beginning of year $2,573,477 · end of year $2,834,808
Mission and programs · 2022
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 $658,906 · Grants $561,940
-
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 $372,475 · Grants $317,660
-
ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY.
Expenses $281,413 · Grants $240,000
As filed on the 2022 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
-
Dean DakoliasDEAN DAKOLIAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
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 SakellarisGEORGE SAKELLARIS
BOARD MEMBER - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 0.5
-
George SvokosGEORGE SVOKOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George TsunisGEORGE TSUNIS
BOARD MEMBER - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 0.5
-
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
-
Marianna V VardinoyannisMARIANNA V VARDINOYANNIS
BOARD MEMBER - UNTIL 12/31/21
- 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
-
Nick AlexosNICK 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
-
Katherine CourpasKATHERINE COURPAS
EXECUTIVE DIRECTOR
- Total calculated
- $190,822
- From this org
- $190,822
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,822
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $190,822
-
Maria PapastathiMARIA PAPASTATHI
DEPUTY DIRECTOR
- Total calculated
- $105,000
- From this org
- $105,000
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
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
-
$16,000
SPONSORSHIP TOWARDS THE COUNTRY TO REPRESENT ETHNIC AND ECONOMIC PRIDE.
-
$10,000
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323249349301202
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