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Nonprofiteer
← GREEK-AMERICAN RESTAURANT ASSOCIATION

Form 990 for tax year 2024

Filed by GREEK-AMERICAN RESTAURANT ASSOCIATION.

Totals

Total revenue
$404,754
Total expenses
$184,361
Contributions and grants received
$274,000
Grants paid
$159,626
Program service revenue
$0
Investment income
$130,754
Other revenue
$0
Total assets, end of year
$3,356,752
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,356,752
Program services expenses (Part IX)
$169,003
Management and general expenses
$15,358
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 91.7% 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.

  • 1f · All other contributions, gifts and grants

    $274,000

  • 3 · Investment income

    total $130,754 · unrelated business $0 · excluded $130,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $159,626 · program services $159,626

  • 7 · Other salaries and wages

    total $11,000 · program services $0 · management and general $11,000 · fundraising $0

  • 10 · Payroll taxes

    total $3,099 · program services $0 · management and general $3,099 · fundraising $0

  • 11b · Fees: legal

    total $500 · program services $0 · management and general $500 · fundraising $0

  • 13 · Office expenses

    total $492 · program services $0 · management and general $492 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $253 · program services $0 · management and general $253 · fundraising $0

  • 24b · Other expenses: LICENSES

    total $14 · program services $0 · management and general $14 · fundraising $0

  • 24e · All other expenses

    total $9,377 · program services $9,377 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $335,008 · end of year $513,608

  • 2 · Savings and temporary cash investments

    beginning of year $1,600,334 · end of year $1,676,135

  • 7 · Other notes and loans receivable

    beginning of year $1,199,792 · end of year $1,163,284

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,225 · end of year $3,725

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,000 · end of year $1,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $64,382 · end of year $64,382

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,070,977 · end of year $3,291,370

Mission and programs · 2024

Mission

SEE PART III (a) BELOW

  • CONTRIBUTIONS TO VARIOUS INSTITUTIONS

  • ASSISTS ACTIVE GREEK AMERICAN RESTAURNAT OWNERS PURCHASE ITEMS FOR THE OPERATION OF THEIR ESTABLISHMENTS.

As filed on the 2024 return.

Listed in Part VII

  • Sam Markos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Theofanous

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Revel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Romas

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349311073

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