2024-12-02T10:30:23-06:00 2023-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2023-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2024-12-02 1 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-11-26 2023 2024-10-15 13:58:12Z GEORGE P STAMAS 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 4183897 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 41 41 3 0 0 0 2744630 3241744 0 0 32943 37433 -313040 -163122 2464533 3116055 1119600 1131596 0 0 178634 169266 0 0 532208 861252 1370222 2159486 2671084 305047 444971 3020856 3621638 186048 312846 2834808 3308792 X THE HELLENIC INITIATIVE ("THI") IS A NONPARTISAN, SECULAR ORGANIZATION FORMED TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. THI IS COMMITTED TO THE RELIEF, RECOVERY, AND RENEWAL OF GREECE WHILE IT HELPS SHAPE GREECE'S LONG-TERM RECOVERY IN RESPONSE TO THE WORSENING ECONOMIC CRISIS. THI'S STRATEGIES ENTAIL BUILDING PROGRAMS IN THREE AREAS CRITICAL TO SHAPING GREECE'S GROWTH AS IT EMERGES FROM THE ECONOMIC CRISIS: CRISIS RELIEF, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT. 0 0 568130 483962 CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS. 387646 330217 ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES. 372620 317417 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 1328396 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X MY STRATEGIC PAYROLL ATTN NICK TSISMENAKIS 5162408400 377 OAK ST 4TH FLOOR GARDEN CITY NY 11530 ACHILLES CONSTANTAKOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 ALEX KARLOUTSOS BOARD MEMBER 0.50 0.00 X 0 0 0 ARIS CANDRIS BOARD MEMBER 0.50 0.00 X 0 0 0 CONSTANTINE KARIDES BOARD MEMBER 1.00 0.00 X 0 0 0 CORINNE MENTZELOPOULOS BOARD MEMBER 1.00 0.00 X 0 0 0 DEAN DAKOLIAS BOARD MEMBER 1.00 0.00 X 0 0 0 DEAN METROPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 DENNIS MEHIEL BOARD MEMBER 2.00 0.00 X 0 0 0 DIMITRIS GEORGAKOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 DRAKE BEHRAKIS BOARD MEMBER 1.00 0.00 X 0 0 0 ELENI KOUNALAKIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE DAVID BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE FRAZIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE LOGOTHETIS BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE MARCUS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE SVOKOS BOARD MEMBER 1.00 0.00 X 0 0 0 HARRY WILSON BOARD MEMBER 0.50 0.00 X 0 0 0 JAMES NEARY BOARD MEMBER 0.50 0.00 X 0 0 0 JEREMY DOWNWARD BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN KOUDOUNIS BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN CALAMOS SR BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN CATSIMATIDIS BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN D GEORGES BOARD MEMBER 0.50 0.00 X 0 0 0 MARIA ALLWIN BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL PSAROS BOARD MEMBER 0.50 0.00 X 0 0 0 NICHOLAS G PAPPAS BOARD MEMBER 0.50 0.00 X 0 0 0 NICK ALEXOS BOARD MEMBER 0.50 0.00 X 0 0 0 NICK MITAROS BOARD MEMBER 0.50 0.00 X 0 0 0 NIKOS KOUMETTIS BOARD MEMBER 0.50 0.00 X 0 0 0 NIKOS STATHOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 THEODORE LEONSIS BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM DOUCAS BOARD MEMBER 0.50 0.00 X 0 0 0 ANDREW LIVERIS CHAIRMAN & CO-PRESIDENT 1.00 0.00 X X 0 0 0 GEORGE STAMAS CO-PRESIDENT 10.00 0.00 X X 0 0 0 CATERINA PAPOULIAS-SAKELLARIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE ANDERSON BOARD MEMBER 0.50 0.00 X 0 0 0 PERICLES NAVAB BOARD MEMBER 0.50 0.00 X 0 0 0 PETER BARRIS BOARD MEMBER 0.50 0.00 X 0 0 0 THEANE EVANGELIS BOARD MEMBER 0.50 0.00 X 0 0 0 STELIOS HAJI-IOANNOU BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM BILL SPELL BOARD MEMBER 0.50 0.00 X 0 0 0 KATHERINE COURPAS EXECUTIVE DIRECTOR 40.00 0.00 X 100000 0 0 100000 0 0 1 0 0 0 0 2186606 1055138 3241744 37433 37433 904720 2186606 1067842 -163122 -163122 3116055 0 0 -125689 X 1131596 1131596 156076 124861 31215 13190 10552 2638 555572 196800 286772 72000 25634 25634 402829 32860 369969 27727 27727 121552 121552 5030 5030 38319 38319 151325 122666 28659 13586 13586 MISCELLANEOUS 28648 0 28648 0 2671084 1328396 810480 532208 14073 26240 1659131 1884960 540452 414863 5500 5500 39036 5536 33500 33500 768200 1256575 3020856 3621638 186048 312846 186048 312846 X 2834808 3308792 2834808 3308792 3020856 3621638 444971 29013 0 X 0 1 X 1 0 X 2013596 2926280 2754508 2744630 3241744 13680758 2013596 2926280 2754508 2744630 3241744 13680758 13680758 6845 3809 4666 32943 37433 85696 211 211 13766665 0.99380 0.99510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33500 33500 5536 5536 0 33500 X 3308190 29013 29013 3279177 -163122 -163122 3116055 2834206 163122 163122 2671084 0 2671084 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE CORPORATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE CORPORATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. MANAGEMENT BELIEVES THAT THE CORPORATION IS NO LONGER SUBJECT TO SUCH AUDITS FOR YEARS PRIOR TO 2020 UNDER FEDERAL AND STATE TAX JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM CRISIS RELIEF AND ECONOMIC DEVELOPMENT 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM FOOD ITEMS THAT ARE DONATED TO SOUP KITCHENS, ORPHANAGES AND OTHER CARE INSTITUTIONS 80000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM DESTIGMATIZATION OF MENTAL HEALTH AND PROMOTE SELF CARE AND CREATE AWARENESS OF MENTAL HEALTH ISSUES 75000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT ACADEMIC RESEARCH TEAMS IN CYPRUS 60000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ENTREPRENEUR COMPETITION 160000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT FOREST FIREFIGHTING VOLUNTEER TEAMS (FFVT) AND PROVIDE PROTECTIVE AND FIRE-FIGHTING EQUIPMENT 55000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO COMPLETE SYSTEM TO TRAIN AND DEPLOY INTERPRETERS IN THE FIELD, CURRENTLY EMPLOYING OVER 350 INTERPRETERS IN 43 LANGUAGES. 20000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM OPPORTUNITY FOR GREEK YOUTH RE-SKILLING BY PARTNERING WITH EMPLOYERS AND ACADEMIC INSTITUTIONS 207417 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ENTREPRENEUR COMPETITION 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT AND PROMOTE SUCCESSFUL ENTREPRENEURS IN GREECE WITH FOUNDATIONAL TRAINING 18472 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROVIDE SUPPORT TO VULNERABLE GROUPS RESIDING IN REMOTE OR INACCESSIBLE REGIONS OF GREECE 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM REFURBISHMENT AND SUPPORT OPERATIONS OF MUSEUM 10000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO RESOLVE THE BLOOD AVAILABILITY PROBLEM IN GREECE 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROMOTE GREEK AND CYPRIOT FILM PROJECTS 40000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PURCHASE VEHICLES TO SUPPORT THE WELFARE PROGRAMS AND SERVICES OF THE COMMUNITY 30170 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PURCHASE VEHICLES TO SUPPORT THE WELFARE PROGRAMS AND SERVICES OF THE COMMUNITY 30423 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ENSURE FLOOD AFFECTED POPULATION WITH ACCESS TO PRIMARY HEALTH CARE 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT FOR MIGRANT AND REFUGEE WOMEN LIVING IN GREECE 20000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROVIDE PRIMARY, HOME AND PALLIATIVE CARE TO PEOPLE IN NEED. 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT PRIMARY AND SECONDARY SCHOOLS SITUATED IN SOCIOECONOMIC VULNERABLE AREAS 6430 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO COVER EXPENSES RELATED TO REPLANTING, MONITORING AND WATERING AREAS DEVASTATED BY WILDFIRE 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO ENSURE CHILDREN IN GREECE HAVE ACCESS TO SUSTAINABLE LIVING CONDITIONS AND EQUAL OPPORTUNITIES 36939 WIRE 0 0 21 0 0 0 0 0 0 PART I, LINE 2: ALL AWARDED GRANTS ARE PERFORMANCE DRIVEN AND REQUIRE MONTHLY/QUARTERLY REPORTS WITH PRE-DEFINED PERFORMANCE CRITERIA AND METRICS, TAILORED TO EACH PROJECT, WHICH ARE REQUIRED FOR CONTINUED FUNDING. X X X X 0 NY NY GALA 2277996 1765437 512559 45400 407909 59065 35149 LONDON 346940 123062 223878 142645 73954 6045 42093 2 466390 298107 168283 51306 37362 58919 107995 3091326 2186606 904720 239351 519225 124029 185237 1067842 -163122 X X 0 0 0 0 0 0 0 0 0 KATHERINE COURPAS EXECUTIVE DIRECTOR 100000 0 0 0 0 0 0 0 0 0 100000 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND PROGRAM COORDINATOR. ONCE APPROVED, THE FORM 990 IS THEN PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. PRIOR TO FILING, THE COMPLETE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL CONFLICT OF INTEREST AS THEY ARISE, INCLUDING IF A CONFLICT IS EQUIVOCAL. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL NEW BOARD MEMBERS. BOARD MEMBERS SHALL NOT PARTICIPATE IN THE DECISION OF ANY MATTER IN WHICH THEY MAY HAVE A CONFLICT OF INTEREST; NOR SHALL THEY PARTICIPATE IN THE DISCUSSION OF SUCH A MATTER UNLESS THE NATURE OF THE CONFLICT HAS FIRST BEEN DISCLOSED TO THE OTHER PARTICIPANTS IN THE DISCUSSION. THE USUAL PROCEDURE SHOULD BE THAT THE MEMBER AFFECTED BY THE CONFLICT OF INTEREST ANNOUNCES THE EXISTENCE OF THE CONFLICT AND THE MINUTES REFLECT THE FACT THAT THE MEMBER DID NOT PARTICIPATE IN THE DECISION OF THE MATTER, NOR IN THE DISCUSSION, IF THAT BE THE CASE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AS REQUESTED AND ARE PROVIDED VIA MAIL OR ELECTRONIC COPY AS APPROPRIATE. FORM 990, PART IX, LINE 11G SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 58,360. TOTAL EXPENSES 58,360. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,866. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,866. COPY EDITOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,994. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,994. INTERNATIONAL AMMBASSADORS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 112,500. TOTAL EXPENSES 112,500. COMMUNITY EVENTS DIRECTOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 122,000. TOTAL EXPENSES 122,000. DESIGN SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 77,109. TOTAL EXPENSES 77,109.