Panchiaki Korais Society Inc
- Assets
- $1.1m
- Revenue
- $393.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bayside, NY
- Founding
- 04/1969
- Data as of
- 06/2024
- EIN
- 23-7024590
Organization Overview
Panchiaki Korais Society Inc is located in Bayside, NY. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panchiaki Korais Society 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 06/2024, Panchiaki Korais Society Inc generated $393.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $284.6k during the year ending 06/2024. While expenses have increased by 9.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Panchiaki Korais Society Inc has awarded 84 individual grants totaling $313,008. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY RESURRECTION GREEK ORTHODOX CHURCH
A. FANTIS SCHOOL
CHIOS NURSING HOME "ZORZIS G. MICHALINOS"
NATIONAL HELLENIC SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gerazounis President | 8 | $0 | |
Maria Xydas Vice President | 2 | $0 | |
Stelios Tatsis Secretary | 5 | $0 | |
Ourania Mamounas Treasurer | 2 | $0 | |
Simone Moraitis-Lago Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,996 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $339,782 |
| Total Revenue | $393,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,192 |
| Depreciation | $21,085 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $660 |
| Other expenses | $160,808 |
| Total operating and administrative expenses | $212,140 |
| Contributions, gifts, grants paid | $72,483 |
| Total expenses and disbursements | $284,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,819 |
| Savings and temporary cash investments | $641,961 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $171,541 |
| Other assets | $0 |
| Total assets | $1,100,321 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48,540 |
| Total liabilities | $48,540 |
Grants Awarded
Over the last fiscal year, Panchiaki Korais Society Inc has awarded $72,483 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHIOS SOCIETIES CHARITABLE FOUNDATI PURPOSE: THIRD IONIAN MEDAL OF HONOR | $5,000 |
HOLY RESURRECTION GREEK ORTHODOX CH PURPOSE: IN MEMORY OF DR FOTIS BENETOS | $15,000 |
CHIOS NURSING HOME ZORZIS G MICHALI PURPOSE: TO SUPPORT ELDERLY GREEK PEOPLE | $8,628 |
PANCHIAN ASSOCIATION FOR KIDS PURPOSE: TO ASSIST CHILDREN WITH SPECIAL NEEDS | $22,855 |
QUEENS COLLEGE PURPOSE: TO HELP COLLEGE | $6,000 |
ST CONSTANTINE HELEN GREEK CHURCH PURPOSE: CHARITY | $15,000 |