Academy Of Hellenic Paideia Inc
- Assets
- $631.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Astoria, NY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2605426
Organization Overview
Academy Of Hellenic Paideia Inc is located in Astoria, NY. The organization was established in 2015. 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. Academy Of Hellenic Paideia 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, Academy Of Hellenic Paideia Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $916.2k during the year ending 12/2021. While expenses have increased by 41.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS OUR MISSION TO ENCOURAGE LEARNING INSPIRED BY THE CLASSIC HELLENIC TRADITION. BY GUIDING EACH CHILDS MIND BY WHAT AMUSES THEM, WE MAY BETTER DISCOVER AND NOURISH THEIR UNIQUE GENIUS IN AN EFFORT TO PROMOTE THEIR FULLEST HUMAN POTENTIAL; MIND, BODY AND SPIRIT.VISION A BETTER WORLD BY (FOR, FROM, WITH) BETTER PEOPLE THE PURSUIT OF ARETE (EXCELLENCE, VIRTUE, GOODNESS) FOR ALL. SUCH AN ASPIRATION REQUIRES EFFORT, DISCIPLINE AND INTELLIGENCE. TO CREATE A SPARK THAT WILL ENLIGHTEN THE WORLD THAT ALL MIGHT PURSUE THEIR FULLEST HUMAN POTENTIALGOALS TO MAXIMIZE YOUR CHILDS FULLEST HUMAN POTENTIAL TO PROVIDE THE TOOLS FOR THE INSPIRATION OF CHILDREN TO BETTER REALIZE THEIR FULLEST HUMAN POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS OUR MISSION TO ENCOURAGE LEARNING INSPIRED BY THE CLASSIC HELLENIC TRADITION. BY GUIDING EACH CHILDS MIND BY WHAT AMUSES THEM, WE MAY BETTER DISCOVER AND NOURISH THEIR UNIQUE GENIUS IN AN EFFORT TO PROMOTE THEIR FULLEST HUMAN POTENTIAL; MIND, BODY AND SPIRIT.VISION A BETTER WORLD BY (FOR, FROM, WITH) BETTER PEOPLE THE PURSUIT OF ARETE (EXCELLENCE, VIRTUE, GOODNESS) FOR ALL. SUCH AN ASPIRATION REQUIRES EFFORT, DISCIPLINE AND INTELLIGENCE. TO CREATE A SPARK THAT WILL ENLIGHTEN THE WORLD THAT ALL MIGHT PURSUE THEIR FULLEST HUMAN POTENTIALGOALS TO MAXIMIZE YOUR CHILDS FULLEST HUMAN POTENTIAL TO PROVIDE THE TOOLS FOR THE INSPIRATION OF CHILDREN TO BETTER REALIZE THEIR FULLEST HUMAN POTENTIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Demetra Varsami President | Officer | 48 | $151,527 |
Antoneta Varsami Vice President | Officer | 10 | $8,400 |
Konstantinos Doikos Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,175 |
| Total Program Service Revenue | $1,025,953 |
| Investment income | $1,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,088,480 |
| 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. | $159,927 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000 |
| Payroll taxes | $49,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,220 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,016 |
| Advertising and promotion | $1,080 |
| Office expenses | $37,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,369 |
| Travel | $1,558 |
| 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 | $3,545 |
| Insurance | $8,246 |
| All other expenses | $26,448 |
| Total functional expenses | $916,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,587 |
| Other assets | $10,001 |
| Total assets | $631,300 |
| Accounts payable and accrued expenses | $5,184 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,500 |
| Total liabilities | $154,684 |
| Net assets without donor restrictions | $476,616 |
| 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 | $631,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy Of Hellenic Paideia Inc has recieved totaling $1,059.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITABLE CONTRIBUTION TO BENEFIT IRS APPROVED CHARITY | | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |