Ahepa Marathon Chapter No 2 Foundation
- Assets
- $3.6m
- Revenue
- $775.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 56-2271746
Organization Overview
Ahepa Marathon Chapter No 2 Foundation is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahepa Marathon Chapter No 2 Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Ahepa Marathon Chapter No 2 Foundation generated $775.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $336.7k during the year ending 12/2021. While expenses have increased by 13.6% 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 2015, Ahepa Marathon Chapter No 2 Foundation has awarded 21 individual grants totaling $689,400. 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
SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING THE PROMOTION OF HELLENISM AND CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES. OTHER GRANTS ARE ALSO GIVEN TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSES.
GRANTS WERE GIVEN TO ST. NEKTARIOS GREEK ORTHODOX CHURCH FOR YOUTH PROGRAMS AND FOR A BUILDING FUND FOR CHARITABLE AND RELIGIOUS PURPOSES.
SCHOLARSHIPS WERE GIVEN TO 16 RECIPIENTS FOR EDUCATIONAL PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter B Pappas Chairman | OfficerTrustee | 1 | $0 |
James T Cavalaris Vice-Chairman | OfficerTrustee | 1 | $0 |
Nicholas Markos Kontos Secretary/treasurer | OfficerTrustee | 1 | $0 |
Louie P Politis Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ronald Stavro Drobonick Trustee | Trustee | 1 | $0 |
George C Andrinopoulos Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $78,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $697,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $775,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,400 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,003 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,442 |
| All other expenses | $21 |
| Total functional expenses | $336,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,412 |
| Savings and temporary cash investments | $197,924 |
| 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 | $0 |
| Investments—publicly traded securities | $3,389,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,592,742 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,592,742 |
| Total liabilities and net assets/fund balances | $3,592,742 |
Grants Awarded
Over the last fiscal year, Ahepa Marathon Chapter No 2 Foundation has awarded $219,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST NEKTARIOS PURPOSE: CHRISTMAS BRUNCH FUNDRAISER AND MINISTRY CENTER | $77,000 |
Chicago, IL PURPOSE: DONATION FOR CATHEDRAL REPAIRS, PRAYER CORNER, CENTENNIAL CELEBRATION, AND OCF FUND | $61,000 |
Matthews, NC PURPOSE: GENERAL DONATION | $50,000 |
Mooresville, NC PURPOSE: CAPITAL CAMPAIGN | $25,000 |
SONS OF PERICLES CHARITIES PURPOSE: GENERAL DONATION | $6,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Educational Facilities Corporationfor Lexington School District No 2 West Columbia, SC | $17,713,387 | $2,158,056 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
New Vision Research Mt Pleasant, SC | $135,395 | $1,251,782 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
The Triad Health Project Greensboro, NC | $661,078 | $1,457,249 |