Pancretan Association Of America
- Assets
- $5.8m
- Revenue
- $868.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1946
- Data as of
- 05/2023
- EIN
- 23-7208073
Organization Overview
Pancretan Association Of America is located in Bethesda, MD. The organization was established in 1946. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Pancretan Association Of America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 05/2023, Pancretan Association Of America generated $868.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $582.2k during the year ending 05/2023. While expenses have increased by 11.5% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATIONAL, CULTURAL AND PHILANTHROPIC ACTIVITIES WHICH ENCOMPASS THE PANCRETAN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Sophinos General Secretary | Officer | 20 | $19,500 |
James Boutzoukas President | Officer | 5 | $0 |
John Marakis 1st Vice-President | Officer | 2 | $0 |
Diane Kounalakis 2nd Vice-President | Officer | 2 | $0 |
George Tsoutsounakis 3rd Vice-President | Officer | 2 | $0 |
Tom Lantzourakis Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,026 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,185 |
| Total Program Service Revenue | $519,326 |
| Investment income | $281,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $19,500 |
| 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 | $5,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $29,673 |
| Information technology | $9,119 |
| 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 | $4,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,758 |
| All other expenses | $500 |
| Total functional expenses | $582,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,368 |
| Savings and temporary cash investments | $7,831 |
| 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 | $5,469,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,771,561 |
| 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 | $5,771,561 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,771,561 |