Hellenic Foundation
- Assets
- $18.7m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 245
- Location
- Chicago, IL
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 36-6098351
Organization Overview
Hellenic Foundation is located in Chicago, IL. The organization was established in 1969. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Hellenic Foundation employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hellenic Foundation 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, Hellenic Foundation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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.
Since 2016, Hellenic Foundation has awarded 47 individual grants totaling $1,281,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HELLENIC FOUNDATION'S MISSION IS TO FUND THE DEVELOPMENT AND SUPPORT OF PROGRAMS AND PROJECTS BENEFITING GREEK AMERICAN AND ORTHODOX CHRISTIAN ORGANIZATIONS IN THE CHICAGOLAND AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUIDED BY A VOLUNTEER BOARD OF DIRECTORS AND STAFF EXPERIENCED IN HUMAN SERVICES, HELLENIC FOUNDATION SERVES THE SOCIAL SERVICE NEEDS OF INDIVIDUALS, COUPLES AND FAMILIES OF ALL CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Valessares Executive Di | Officer | 40 | $153,630 |
Louis G Apostol Vice Preside | OfficerTrustee | 2 | $0 |
Nicholas Geroulis Assistant Se | OfficerTrustee | 2 | $0 |
Dorian Bezanis Secretary | OfficerTrustee | 2 | $0 |
Bill J Vranas Treasurer | OfficerTrustee | 6 | $0 |
James Soukoulis President | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,405 |
| Total Program Service Revenue | $4,554,730 |
| Investment income | $253,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $439,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,859,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,562 |
| 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. | $153,630 |
| Compensation of current officers, directors, key employees. | $102,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,344,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $268,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,673 |
| Fees for services: Other | $5,056 |
| Advertising and promotion | $15,573 |
| Office expenses | $115,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,634 |
| Insurance | $94,473 |
| All other expenses | -$90,471 |
| Total functional expenses | $4,204,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,063,639 |
| Pledges and grants receivable | $501,365 |
| 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 | $28,420 |
| Net Land, buildings, and equipment | $103,579 |
| Investments—publicly traded securities | $16,969,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,666,107 |
| Accounts payable and accrued expenses | $233,575 |
| Grants payable | $10,000 |
| 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 | $243,575 |
| Net assets without donor restrictions | $18,422,532 |
| 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 | $18,666,107 |
Grants Awarded
Over the last fiscal year, Hellenic Foundation has awarded $110,373 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST IAKOVOS RETREAT CENTER PURPOSE: BASKETBALL COURT | $50,470 |
Bloomingdale, IL PURPOSE: PRODUCE DOCUMENTARY | $18,000 |
Wheeling, IL PURPOSE: NURSE CALL SYSTEM | $11,903 |
ANNUNCIATION GREEK ORTHODOX CHURCH PURPOSE: OFFICE ADMIN. ASSIST | $10,000 |
Lincolnwood, IL PURPOSE: SCHOLARSHIP PROGRAM | $10,000 |
Chicago, IL PURPOSE: SCHOLARSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hellenic Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Peter And Paula Fasseas Foundation Chicago, IL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Mid Sioux Opportunity Inc Remsen, IA | $5,070,371 | $19,629,808 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Interlocal Community Action Program Inc New Castle, IN | $2,890,464 | $16,696,928 |
Loaves & Fishes Community Services Naperville, IL | $11,205,502 | $18,895,989 |
Wabash Center Inc Lafayette, IN | $13,437,721 | $16,787,564 |
Northeast Kentucky Community Action Agency Inc Olive Hill, KY | $1,572,064 | $16,034,107 |
Chaddock Quincy, IL | $570,922 | $15,390,482 |