Cultural Crete Usa Inc
- Assets
- $60.8k
- Revenue
- $10.5k
- Investments
- $54.5k
- Employees
- 0
- Location
- Dunedin, FL
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 35-2403890
Organization Overview
Cultural Crete Usa Inc is located in Dunedin, FL. The organization was established in 2011. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Crete USA 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 12/2021, Cultural Crete USA Inc generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CRETAN CULTURE THROUGH MUSIC, THEATRE & BOOKS TRANSLATION OF AMERICAN PHILHELLENES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel E Velivasakis President | 3 | $0 | |
Orsa P Velivasakis Treasurer | 1 | $0 | |
Lefteris N Velivasakis Secretary | 1 | $0 | |
George A Velivasakis Board Member | 0.5 | $0 | |
Dr Maria Hnaraki Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,787 |
| Interest on Savings | $0 |
| Dividends & Interest | $916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,830 |
| Capital Gain Net Income | $7,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $51 |
| Taxes | $566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,633 |
| Total operating and administrative expenses | $5,850 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $6,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,337 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,820 |
| 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 | $935 |
| Total liabilities | $935 |
Grants Awarded
Over the last fiscal year, Cultural Crete Usa Inc has awarded $500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATINA DEMELI - NIKOS KAZANTZAKIS PURPOSE: TRANSLATION AMERICAN PHILHELLENES | $250 |
NICOLE VENGALLI SCHOLARSHIP FUND CORP PURPOSE: SCHOLARSHIP | $250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cultural Crete Usa Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |