Kardamylian Foundation Inc
- Assets
- $967.2k
- Revenue
- $29.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 06-1573073
Organization Overview
Kardamylian Foundation Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kardamylian Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kardamylian Foundation Inc generated $29.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $67.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, DEVELOP, FUND, AND SUPPORT EDUCATIONAL AND CHARITABLE ACTIVITIES FOR THE BENEFIT OF THE VILLAGE OF KARDAMYLA, LOCATED ON THE ISLAND OF CHIOS, GREECE. THE ACTIVITIES AND PROGRAMS OF THE FOUNDATION WILL INCLUDE PROVIDING SCHOLARSHIPS FOR KARDAMYLIAN STUDENTS, BUILDING AND RESTORING PUBLIC BUILDINGS AND/OR INFRASTRUCTURE, PUBLIC COLLECTIONS OF SOCIAL, HISTORICAL, AND CULTURAL SIGNIFICANCE, SUPPORTING AND PROMOTING THE PRESERVATION OF KARDAMYLIAN ART AND CULTURES, AND EDUCATING THE PUBLIC ABOUT KARDAMYLIAN HISTORY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS GRANT WAS USED TO RENOVATE CLASSROOMS, PLAYGROUND AND OTHER AREAS IN THE SCHOOL WHICH UPGRADED THE SCHOOL INFRASTRUCTURE AND ENHANCED THE FACILITIES FOR THE EDUCATION OF THE YOUTH.
VARIOUS GRANTS TO ORGANIZATIONS TO PROMOTE CULTURE, RESTORE INFRASTRUCTURE, YOUTH EDUCATION AND YOUTH SPORTS.
GRANT TO THE VILLAGE OF KARDAMYLA. THIS GRANT WAS USED FOR AN ARCHITECTURAL STUDY FOR THE POTENTIAL CONSTRUCTION OF A SPORTS INDOOR HALL FOR THE BENEFIT OF THE VILLAGE AND THE KARDAMYLIAN YOUTH.
GRANT TO ST. MARINA KARDAMYLA CARE HOME (NONPROFIT ORGANIZATION), A NURSING HOME FOR THE ELDERLY BASED IN KARDAMYLA. THE PURPOSE OF THIS DONATION IS TO ASSIST IN THE CASH FLOW PROBLEMS OF THE ORGANIZATION IN ORDER TO AVOID THE CLOSURE OF THE INSTITUTION AND TO PROVIDE THE BEST POSSIBLE SERVICES FOR THE ELDERLY KARDAMYLIANS WHO LIVE THERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vlasis Anastasiou Asst Treasur | OfficerTrustee | $0 | |
Michael Apostolis Trustee | OfficerTrustee | $0 | |
Apostolos Boulas Asst Secreta | OfficerTrustee | $0 | |
Name Not Listed 2nd VP | OfficerTrustee | $0 | |
Name Not Listed 1st VP | OfficerTrustee | $0 | |
Spyros Papadakis Gen Secretar | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,268 |
| Total Program Service Revenue | $0 |
| Investment income | $5,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,736 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,731 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $66,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $680,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $967,197 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $967,197 |
| Total liabilities and net assets/fund balances | $967,197 |