Greater Manchester Hellenic Scholarship Fund
- Assets
- $504.8k
- Revenue
- $177.3k
- Investments
- $497.0k
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 23-7296946
Organization Overview
Greater Manchester Hellenic Scholarship Fund is located in Manchester, NH. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Manchester Hellenic Scholarship Fund 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, Greater Manchester Hellenic Scholarship Fund generated $177.3k 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 (4.5%) each year. All expenses for the organization totaled $25.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE SCHOLARSHIP FUND IS TO PROVIDE COLLEGE SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND HAS GRANTED THIRTEEN DIFFERENT COLLEGE SCHOLARSHIPS DURING 2020 RANGING FROM $1,500 TO $2,500.
THE FUND HAS GRANTED THIRTEEN DIFFERENT COLLEGE SCHOLARSHIPS DURING 2020 RANGING FROM $1,500 TO $2,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vasiliki Canotas Trustee | 1 | $0 | |
Peter G Kachavos MD Trustee | 1 | $0 | |
Kristine Haveles-Pelletier Trustee | 1 | $0 | |
Arthur Pappas Trustee | 1 | $0 | |
Stephanie Spanos Honan Chair | 2 | $0 | |
Diane Spiro Laroche Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,195 |
| Interest on Savings | $1,251 |
| Dividends & Interest | $10,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,213 |
| Capital Gain Net Income | $13,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,445 |
| Total operating and administrative expenses | $2,796 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $25,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,761 |
| Savings and temporary cash investments | $0 |
| 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 | $476,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $504,803 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greater Manchester Hellenic Scholarship Fund has awarded $23,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL VOUGIAS PURPOSE: SCHOLARSHIP | $2,500 |
NIKOS KATSIANTONIS PURPOSE: SCHOLARSHIP | $2,500 |
MARIO FERRO PURPOSE: SCHOLARSHIP | $2,500 |
SARAH GLENNON PURPOSE: SCHOLARSHIP | $2,500 |
ANASTASIA BOURASSA PURPOSE: SCHOLARSHIP | $2,500 |
ILEAS HARB PURPOSE: SCHOLARSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |