Greece Debt Free Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greece Debt Free Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2015
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVE AND CHARITABLE PURPOSE OF GREECE DEBT FREE, INC. (GDF), IS TO ALLEVIATE THE ECONOMIC HARDSHIP OF THE GREEK PEOPLE BY REDUCING THE GREEK NATIONAL DEBT THROUGH DIRECT INVESTMENT IN THE BOND MARKET. TO HAVE THE MAXIMUM IMPACT ON THE DEBT ITSELF, GDF INTENDS ON ACQUIRING BONDS ISSUED BY THE GREEK TREASURY AND REPRESENTING THE GREATEST AMOUNT OF GREEK NATIONAL DEBT AVAILABLE ON THE SECONDARY MARKET BEFORE CANCELLING, HOLDING OR RESELLING SUCH BONDS. GDF AIMS TO BECOME A LARGE CHARITABLE OWNER OF GREEK GOVERNMENT BONDS (GGBS) BY BUYING THE GREATEST AMOUNT OF GREEK DEBT OBLIGATIONS FOR THE LOWEST PRICE.
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $45,550 |
Total expenses | $45,550 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $255,682 |
Other assets | $0 |
Total assets | $255,682 |
Total liabilities | $0 |
Net assets or fund balances | $255,682 |