2024-10-17T09:37:26-05:00 2023-12-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2023-01-01 200359862 FAITH AN ENDOWMENT FOR ORTHODOXY AND HELLENISM FAIT 2128039328 499 PARK AVENUE 23 FLOOR NEW YORK NY 10022 ELAINE JAHARIS PRESIDENT 2128039328 2024-10-17 1 0 MARQUS WHITE P00053187 9734726250 2024-10-11 2023 2024-10-15 13:58:12Z ELAINE JAHARIS 499 PARK AVENUE 23 FLOOR NEW YORK NY 10022 1140621 0 X WWW.THEFAITHENDOWMENT.ORG X 2003 NY TO PROMOTE AN UNDERSTANDING OF THE GREEK ORTHODOX FAITH, HELLENISM, AND EXCELLENCE OF HIGH QUALITY, INNOVATIVE EDUCATIONAL PROGRAMS AND CULTURAL INITIATIVES. 5 5 1 10 0 0 0 0 0 0 632274 1140621 0 0 632274 1140621 374500 403000 0 0 160808 160958 0 0 0 61404 48594 596712 612552 35562 528069 23099991 25237124 21100 35500 23078891 25201624 X FAITH AN ENDOWMENT FOR ORTHODOXY AND HELLENISM MISSION IS TO PROMOTE HELLENISM, SUPPORT THE GREEK ORTHODOX FAITH, AND CELEBRATE EXCELLENCE IN EDUCATION FOR FUTURE GENERATIONS. SUPPORTING PROGRAMS AND SCHOLARSHIP INITIATIVES TO EDUCATE AND RAISE AWARENESS ABOUT HELLENISM AND THE GREEK ORTHODOX FAITH THROUGHOUT THE GREEK ORTHODOX ARCHDIOCESE OF AMERICA AND THE WORLD. CHALLENGING YOUNG, TALENTED, AND INTELLIGENT GREEK AMERICANS TO ATTAIN (AND SUSTAIN) EXCELLENCE BY OFFERING A SERIES OF MERIT-BASED COLLEGE SCHOLARSHIPS TO THE MOST PROMISING YOUNG LEADERS OF THE HELLENIC AND GREEK ORTHODOX COMMUNITIES. PARTNERING WITH TOP ACADEMIC INSTITUTIONS (SUCH AS THE FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY, FULBRIGHT FOUNDATION OF GREECE, HELLENIC COLLEGE HOLY CROSS PRESS, PATRIARCHAL INSTITUTE OF THESSALONIKI) TO SUPPORT THE ADVANCEMENT OF HELLENISM AND THE GREEK ORTHODOX FAITH AS WELL SCHOLARLY EXCHANGES AND DIALOGUES BETWEEN GREECE, THE UNITED STATES AND WORLDWIDE. 0 0 508151 403000 SUPPORTING PROGRAMS AND INITIATIVES TO EDUCATE AND RAISE AWARENESS ABOUT HELLENISM AND THE GREEK ORTHODOX FAITH THROUGHOUT THE GREEK ORTHODOX ARCHDIOCESE OF AMERICA AND THE WORLD. SUPPORTING YOUNG, TALENTED, AND INTELLIGENT GREEK AMERICANS TO ATTAIN (AND SUSTAIN) EXCELLENCE BY OFFERING A SERIES OF MERIT-BASED COLLEGE SCHOLARSHIPS TO THE MOST PROMISING YOUNG LEADERS OF THE HELLENIC AND GREEK ORTHODOX COMMUNITY. PARTNERING WITH TOP ACADEMIC INSTITUTIONS (SUCH AS THE FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY, FULBRIGHT FOUNDATION OF GREECE, HELLENIC COLLEGE HOLY CROSS PRESS, PATRIARCHAL INSTITUTE OF THESSALONIKI) TO SUPPORT THE ADVANCEMENT OF HELLENISM AND THE GREEK ORTHODOX FAITH AS WELL SCHOLARLY EXCHANGES AND DIALOGUES BETWEEN GREECE, THE UNITED STATES AND WORLDWIDE. GRANTING SUPPORT FOR INITIATIVES AND PROJECTS THAT SHOWCASE THE LEGACY OF HELLENISM AND THE GREEK ORTHODOX FAITH WITH THE WORLD. FAITH HAS GENEROUSLY PROVIDED LEAD DONOR SUPPORT TO PROJECTS AND EVENTS SYMBOLIZING THE HISTORY OF OUR COMMUNITY SUCH AS THE REBUILDING OF THE ST. NICHOLAS GREEK ORTHODOX CHURCH AT GROUND ZERO, THE IMVROS SCHOOL, AND THE PATRIARCHAL INSTITUTE FOR PATRISTIC STUDIES. ENRICHING THE CLASSROOMS OF GREEK LANGUAGE PROGRAMS AND PARISH SCHOOLS NATIONWIDE BY UNDERWRITING THE PRODUCTION OF MULTIMEDIA RESOURCES AND THE PUBLICATION AND DISTRIBUTION OF NEW TEXTBOOKS TO UPDATE AND ENHANCE THE CLASSROOMS FOR OUR YOUNGEST CHILDREN AND THEIR TEACHERS. PROVIDING FINANCIAL AID GRANTS FOR YOUNG PEOPLE TO TRAVEL TO GREECE TO LEARN MORE ABOUT THEIR HELLENIC HERITAGE AND GREEK ORTHODOX FAITH THROUGH IONIAN VILLAGE SUMMER CAMP. FOR OVER THE LAST DECADE, THE ENDOWMENT HAS UNDERWRITTEN PARTIAL AND FULL TRAVEL GRANTS TO YOUNG GREEK AMERICANS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO ATTEND 508151 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X PETER VLACHOS 2128039328 499 PARK AVENUE 23 FLOOR NEW YORK NY 10022 ELAINE JAHARIS PRESIDENT 5.00 X X 0 0 0 GEORGE BEHRAKIS VICE CHAIRMAN 1.00 X X 0 0 0 PETER VLACHOS CO-TREASURER 2.00 X X 0 0 0 ZOE VLACHOS CO-TREASURER 2.00 X X 0 0 0 JAMES MOSHOVITIS BOARD MEMBER 1.00 X 0 0 0 MICHAEL JOHNSON BOARD MEMBER 1.00 X 0 0 0 PROY VAGELOS BOARD MEMBER 1.00 X 0 0 0 PEGGY NICHOLSON EXECUTIVE DIRECTOR 25.00 X 149500 0 0 149500 0 0 1 0 0 0 0 664262 664262 476359 0 476359 476359 476359 1140621 0 0 1140621 403000 403000 149500 74750 74750 11458 5729 5729 26900 13450 13450 5750 2875 2875 750 750 15026 7513 7513 MISCELLANEOUS 108 54 54 BANK CHARGES 60 30 30 612552 508151 104401 0 194830 199154 503583 667918 1981865 1986476 20419713 22383576 23099991 25237124 21100 35500 21100 35500 X 21097026 23215148 1981865 1986476 23078891 25201624 23099991 25237124 528069 1594664 0 X 0 1 X 1 0 X 0 X 2735285 1594664 1594664 1140621 0 1140621 612552 0 612552 0 612552 PART X, LINE 2: FAITH IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY FAITH AND RECOGNIZE A TAX LIABILITY IF FAITH HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED FAITH'S TAX POSITIONS AND CONCLUDED THAT FAITH HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 FAITH SCHOLARSHIPS FOR ACADEMIC EXCELLENCE 96 267500 FAITH SCHOLARSHIPS FOR EXCELLENCE IN STEM 72 110500 ST JOHN CHYSOSTOM ORATORICAL 18 25000 PART III ACADEMIC EXCELLENCE (FSAE): MERIT-BASED SCHOLARSHIP AWARDS GIVEN TO GRADUATING HIGH SCHOOL SENIORS (OF HELLENIC/GREEK ORTHODOX COMMUNITY) ABOUT TO ENTER THEIR FIRST YEAR OF COLLEGE/UNIVERSITY. QUALIFICATIONS ARE EXCEPTIONAL ACADEMIC MERIT PLUS INVOLVEMENT IN EXTRACURRICULAR ACTIVITIES, SPORTS, COMMUNITY SERVICE AND HELLENIC/GREEK ORTHODOX GROUPS. FAITH STEM: SCHOLARSHIP AWARDS GIVEN TO UNIVERSITY SOPHOMORES, JUNIORS, AND SENIORS WHO MAJOR IN STEM FIELDS, MAINTAIN AN A (OR EQUIVALENT) GPA AND ARE ACTIVELY INVOLVED IN HELLENIC/GREEK ORTHODOX ORGANIZATIONS. ST JOHN CHRYSOSTOM ORATORICAL SCHOLARSHIP AWARDS TO THE NATIONAL FINALISTS OF THIS ANNUAL COMPETITION THAT RUNS ON A LOCAL, STATE AND ULTIMATELY NATIONAL COMPETITION. FORM 990, PART VI, SECTION A, LINE 2 PETER VLACHOS AND ZOE VLACHOS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED PRIOR TO FILING BY THE EXECUTIVE DIRECTOR, PRESIDENT AND TREASURER WHO AUTHORIZES THE ELECTRONIC FILING OF FORM 990. THE FORM IS THEN APPROVED BY THE BOARD OF DIRECTORS BASED ON THE RECOMMENDATION OF THOSE PERSONS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF THE CONFLICT-OF-INTEREST POLICY. THE POLICY IS DISCUSSED AT ALL MEETINGS AND ADDRESSED AS REQUIRED. THE POLICY IS MAILED OUT TO ALL OF OUR MEMBERS EVERY 2 YEARS FOR SIGNATURE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE BOARD AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S ADMINISTRATIVE OFFICE.