Pancretan Association Of America
- Assets
- $403.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wood Dale, IL
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 23-7641380
Organization Overview
Pancretan Association Of America is located in Wood Dale, IL. The organization was established in 1946. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within 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 12/2021, Pancretan Association Of America generated $60.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $70.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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 ACHEIVED THROUGH CRETAN MUSIC AND DANCE AND THE ENCOURAGEMENT OF YOUTH DANCE GROUPS. THE PHILANTHROPIC FUND WAS CREATED TO PROVIDE FINANCIAL SUPPORT TO A VARIETY OF ORGANIZATIONS (INCLUDING HOSPITALS, ORPHANAGES, CHURCHES, AND SCHOOLS) AND INDIVIDUALS WITH CRITICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manolis Tsikoudakis General Secretary | 10 | $0 | |
Dimitris Spatharakis President | 12 | $0 | |
Lakis Nikokavouras Director | 1 | $0 | |
John Evangelinos Corresponding Secretary | 10 | $0 | |
Kostas F Sacakis Vice-President | 10 | $0 | |
Mike Manovkarakis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,800 |
| Investment income | $57,315 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,615 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,868 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,893 |
| Total expenses | $69,961 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $403,767 |
| Total liabilities | $8,052 |
| Net assets or fund balances | $395,715 |
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