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← PANCRETAN ASSOCIATION OF AMERICA

Form 990 for tax year 2023

Filed by PANCRETAN ASSOCIATION OF AMERICA.

Totals

Total revenue
$613,178
Total expenses
$533,988
Contributions and grants received
$122,813
Grants paid
$162,376
Program service revenue
$273,983
Investment income
$216,382
Other revenue
$0
Total assets, end of year
$6,340,460
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,340,460
Program services expenses (Part IX)
$423,030
Management and general expenses
$110,958
Fundraising expenses
not reported
Program service expenses (Part III)
$423,030

Program services were 79.2% 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

    $93,582

  • 1f · All other contributions, gifts and grants

    $29,231

  • 2a · Program service revenue: Magazine Dues

    total $50,314 · related or exempt $50,314

  • 2b · Program service revenue: Scholarship Contributions

    total $87,203 · related or exempt $87,203

  • 2c · Program service revenue: Cultural and Education

    total $12,997 · related or exempt $12,997

  • 2d · Program service revenue: Philanthropic

    total $123,469 · related or exempt $123,469

  • 3 · Investment income

    total $216,382 · excluded $216,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,800 · program services $31,800

  • 2 · Grants to domestic individuals

    total $130,576 · program services $130,576

  • 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 $19,977 · management and general $19,977

  • 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 $4,490 · management and general $4,490

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $41,553 · management and general $41,553

  • 14 · Information technology

    total $7,345 · management and general $7,345

  • 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 $33,977 · management and general $33,977

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $2,000 · management and general $2,000

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,616 · management and general $1,616

  • 24a · Other expenses: KPHTH Magazine

    total $99,545 · program services $99,545

  • 24b · Other expenses: Philanthropic Contributions

    total $133,260 · program services $133,260

  • 24c · Other expenses: Cultural Education Contributions

    total $6,300 · program services $6,300

  • 24d · Other expenses: Convention

    total $21,549 · program services $21,549

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,368 · end of year $381,976

  • 2 · Savings and temporary cash investments

    beginning of year $7,831 · end of year $10,008

  • 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 $5,469,362 · end of year $5,798,476

  • 15 · Other assets

    end of year $150,000

  • 28 · Net assets with donor restrictions

    beginning of year $5,771,561 · end of year $6,340,460

Mission and programs · 2023

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 $130,576 · Revenue $87,203

  • 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 $6,300 · Revenue $12,997

  • 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 $133,260 · Revenue $123,469

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dianne Sophinos

    General Secretary

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

  • Diane Kounalakis

    President

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • John Marakis

    1st Vice-President

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Toula Detorakis

    2nd Vice-President

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • George Tsoutsounakis

    3rd Vice-President

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Debbie Nikokavouras

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Irene Peros

    Womens Executive Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nikos Kastrinakis

    General Supervisor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nicholas Papasifakis

    Legal Advisor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Vanessa Balls

    PYA President

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Olga Markogiannakis

    Youth Supervisor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tasia Manassakis

    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

  • Andreas Batakis

    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

  • Sia Sooklaris

    Scholarships

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kosta Pitaridis

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gary Ahladianakis

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sphia Getchell

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Irene Kiousis

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Chris Tzortzis

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Maria Hallis

    Ditrict Governor

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John Datseris

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 April 2025
IRS schema version
2023v6.0
Source object
202501049349302415

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