Hellenic American Academy Foundation Nfp
- Assets
- $5.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 54
- Location
- Deerfield, IL
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 32-0167308
Organization Overview
Hellenic American Academy Foundation Nfp is located in Deerfield, IL. The organization was established in 2007. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hellenic American Academy Foundation Nfp employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hellenic American Academy Foundation Nfp 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 06/2022, Hellenic American Academy Foundation Nfp generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREEMINENT EDUCATIONAL AND CULTURAL CENTER FOR HELLENISM IN THE UNITED STATES RECOGNIZED FOR ACADEMIC EXCELLENCE, A STRONG SENSE OF COMMUNITY, AND THE PROMOTION OF GREEK HERITAGE AND FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS: THE ACADEMEY WAS FORMED IN ORDER TO PROVIDE AN INDEPENDANT, BILINGUAL, PRIVATE SCHOOL. THE ACADEMY ALSO OFFERS WEEKEND AND EVENING SCHOOL PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manolis Karamouzis Treasurer | Officer | $0 | |
Dr Spiro Karras Vice-Preside | Officer | $0 | |
Demetrios Logothetis Chairman | Officer | $0 | |
Peter Maroutsos Chief Oper. | Officer | $0 | |
Angelo Spyratos Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,196,992 |
| Noncash contributions included in lines 1a–1f | $2,150,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,352,767 |
| Total Program Service Revenue | $1,421,714 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,876,315 |
| 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 | $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 | $0 |
| Other salaries and wages | $1,272,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $510 |
| Fees for services: Accounting | $7,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,303 |
| Advertising and promotion | $6,308 |
| Office expenses | $12,410 |
| Information technology | $13,225 |
| Royalties | $0 |
| Occupancy | $297,539 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,292 |
| Insurance | $12,098 |
| All other expenses | $0 |
| Total functional expenses | $1,845,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850 |
| 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 | $4,961,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,473 |
| Total assets | $5,354,772 |
| Accounts payable and accrued expenses | $15,245 |
| 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 | $3,201,926 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $75,312 |
| Total liabilities | $3,792,483 |
| Net assets without donor restrictions | $1,562,289 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,354,772 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hellenic American Academy Foundation Nfp has recieved totaling $2,556.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |