Nonprofit · EIN 45-5301968
HELLENIC INITIATIVE INC
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,674,218 | $3,324,210 | -$649,992 | $2,855,442 | $187,182 | $2,668,260 |
| December 31, 2023 | 990 | $3,116,055 | $2,671,084 | $444,971 | $3,621,638 | $312,846 | $3,308,792 |
| December 31, 2022 | 990 (amended) | $2,464,533 | $2,159,487 | $305,046 | $3,020,856 | $186,048 | $2,834,808 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,823,564
- Program service revenue
- $0
- Investment income
- $76,043
- Net income from fundraising events
- -$225,389
- Other revenue
- -$225,389
Expenses
- Grants and similar amounts paid
- $1,344,488
- Compensation of officers, directors and key employees
- $80,000
- Other salaries and wages
- $34,294
- Salaries, compensation and benefits (total)
- $114,294
- Professional fundraising fees
- $0
- Accounting fees
- $26,340
- Occupancy
- $45,820
- Travel
- $637,976
- Program services (functional)
- $1,565,288
- Management and general (functional)
- $696,167
- Fundraising (functional)
- $1,062,755
Balance sheet and other
- Total assets, start of year
- $3,621,638
- Total assets, end of year
- $2,855,442
- Total liabilities, end of year
- $187,182
- Net assets, end of year
- $2,668,260
- Land, buildings and equipment
- $33,500
- Publicly traded securities
- $1,456,353
- Net assets without donor restrictions
- $2,668,260
- Gross receipts
- $3,782,637
- Employees
- 2
- Volunteers
- 41
- Year formed
- 2012
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER POULOS | EXECUTIVE DIRECTOR Officer | 40 | $80,000 |
| ACHILLES CONSTANTAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALEX KARLOUTSOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ARIS CANDRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CONSTANTINE KARIDES | BOARD MEMBER Trustee or director | 1 | $0 |
| CORINNE MENTZELOPOULOS | BOARD MEMBER Trustee or director | 1 | $0 |
| CONSTANTINE DAKOLIAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DEAN METROPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DENNIS MEHIEL | BOARD MEMBER Trustee or director | 2 | $0 |
| DIMITRIS GEORGAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DRAKE BEHRAKIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENI KOUNALAKIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE DAVID | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE FRAZIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE LOGOTHETIS | BOARD MEMBER Trustee or director | 1 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE MARCUS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE SVOKOS | BOARD MEMBER Trustee or director | 1 | $0 |
| HARRY WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JAMES NEARY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JEREMY DOWNWARD | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN KOUDOUNIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CALAMOS SR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CATSIMATIDIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN D GEORGES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARIA ALLWIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHAEL PSAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICHOLAS G PAPPAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICHOLAS ALEXOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK MITAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS KOUMETTIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS STATHOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEODORE LEONSIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM DOUCAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANDREW LIVERIS | CHAIRMAN & CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE STAMAS | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| CATERINA PAPOULIAS-SAKELLARIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE ANDERSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PERICLES NAVAB | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PETER BARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEANE EVANGELIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM BILL SPELL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MUHTAR KENT | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 42 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE COURPAS | EXECUTIVE DIRECTOR Officer | 40 | $100,000 |
| ACHILLES CONSTANTAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALEX KARLOUTSOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ARIS CANDRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CONSTANTINE KARIDES | BOARD MEMBER Trustee or director | 1 | $0 |
| CORINNE MENTZELOPOULOS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEAN DAKOLIAS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEAN METROPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DENNIS MEHIEL | BOARD MEMBER Trustee or director | 2 | $0 |
| DIMITRIS GEORGAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DRAKE BEHRAKIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENI KOUNALAKIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE DAVID | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE FRAZIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE LOGOTHETIS | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE MARCUS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE SVOKOS | BOARD MEMBER Trustee or director | 1 | $0 |
| HARRY WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JAMES NEARY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JEREMY DOWNWARD | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN KOUDOUNIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CALAMOS SR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CATSIMATIDIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN D GEORGES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARIA ALLWIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MICHAEL PSAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICHOLAS G PAPPAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK ALEXOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK MITAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS KOUMETTIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS STATHOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEODORE LEONSIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM DOUCAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANDREW LIVERIS | CHAIRMAN & CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE STAMAS | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| CATERINA PAPOULIAS-SAKELLARIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE ANDERSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PERICLES NAVAB | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PETER BARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEANE EVANGELIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STELIOS HAJI-IOANNOU | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM BILL SPELL | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2022: 44 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE COURPAS | EXECUTIVE DIRECTOR Key employee | 40 | $190,822 |
| MARIA PAPASTATHI | DEPUTY DIRECTOR Highest-paid employee | 40 | $105,000 |
| ACHILLES CONSTANTAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALEX KARLOUTSOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ARIS CANDRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CONSTANTINE KARIDES | BOARD MEMBER Trustee or director | 1 | $0 |
| CORINNE MENTZELOPOULOS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEAN DAKOLIAS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEAN METROPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DENNIS MEHIEL | BOARD MEMBER Trustee or director | 2 | $0 |
| DIMITRIS GEORGAKOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DRAKE BEHRAKIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENI KOUNALAKIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE DAVID | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE FRAZIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE LOGOTHETIS | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE MARCUS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE SAKELLARIS | BOARD MEMBER - UNTIL 12/31/21 Trustee or director | 0.5 | $0 |
| GEORGE SVOKOS | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE TSUNIS | BOARD MEMBER - UNTIL 12/31/21 Trustee or director | 0.5 | $0 |
| HARRY WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JAMES NEARY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JEREMY DOWNWARD | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN KOUDOUNIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CALAMOS SR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CATSIMATIDIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN D GEORGES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARIA ALLWIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARIANNA V VARDINOYANNIS | BOARD MEMBER - UNTIL 12/31/21 Trustee or director | 0.5 | $0 |
| MICHAEL PSAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICHOLAS G PAPPAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK ALEXOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NICK MITAROS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS KOUMETTIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKOS STATHOPOULOS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEODORE LEONSIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM DOUCAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANDREW LIVERIS | CHAIRMAN & CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE STAMAS | CO-PRESIDENT Trustee or director, Officer | 10 | $0 |
| CATERINA PAPOULIAS-SAKELLARIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GEORGE ANDERSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PERICLES NAVAB | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PETER BARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THEANE EVANGELIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 750 LEXINGTON AVENUE, NEW YORK, NY 10022-1200
- In care of
- % NICK TSISMENAKIS/C/O MY STRA
- Principal officer (990 for 2024)
- GEORGE P STAMAS, 750 LEXINGTON AVE 9TH FLOOR, NEW YORK, NY 10022
- Signed the 990
- GEORGE P STAMAS, CO-PRESIDENT
- Phone
- (646) 926-1972
- Return prepared by
- MITCHELL & TITUS LLP
Mission
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.
Program accomplishments
- CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS.Expenses $919,252 · grants $789,582
- ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY.Expenses $387,105 · grants $332,500
- ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES.Expenses $258,931 · grants $222,406
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5301968
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q11)
- Assets (IRS master file)
- $2,855,442
- Income (IRS master file)
- $3,782,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,674,218 | $3,324,210 | $2,855,442 | IRS |
| 990 | December 2023 | $3,116,055 | $2,671,084 | $3,621,638 | XML |
| 990 | December 2022 | $2,464,533 | $2,159,487 | $3,020,856 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5301968).
Questions about HELLENIC INITIATIVE INC
- What is the EIN of HELLENIC INITIATIVE INC?
- The employer identification number (EIN) of HELLENIC INITIATIVE INC is 45-5301968.
- Is HELLENIC INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to HELLENIC INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HELLENIC INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HELLENIC INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HELLENIC INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HELLENIC INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names GEORGE P STAMAS.
- Who are the officers and directors of HELLENIC INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 42 people; 1 received compensation from the organization, the highest $80,000 (PETER POULOS, EXECUTIVE DIRECTOR).
- How much revenue does HELLENIC INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,674,218, expenses of $3,324,210 and total assets of $2,855,442 at year end.
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