Civic Intelligence

Pancretan Association of America

EIN 23-7208073 • 501(c)8 • Bethesda, MD

Profile

To support educational, cultural and philanthropic activities which encompass the pancretan culture.

6506 Bells Mill RoadBethesda, MD 20817

www.pancretan.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)8 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)8 • $5M-$10M nonprofits • Source year 2024

Net Margin

47th percentile

13%

Higher net margin than 47% of similar nonprofits.

501(c)8 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$18,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)8 • $5M-$10M nonprofits • Source year 2024

Asset Growth

66th percentile

9.9%

Faster asset growth than 66% of similar nonprofits.

501(c)8 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-29%

Faster revenue growth than 15% of similar nonprofits.

501(c)8 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$6,340,460

Up $568,899 (+9.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$6,340,460

Up $568,899 (+9.9%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin47th percentile

Revenue

Down

$613,178

Down $255,401 (-29%) from 2023

Expenses

Down

$533,988

Down $48,184 (-8.3%) from 2023

Net Income

Down

$79,190

Down $207,217 (-72%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,551,108Liabilities 2011: $0Net Assets 2011: $1,551,1082011Assets 2021: $6,094,298Liabilities 2021: $0Net Assets 2021: $6,094,2982021Assets 2022: $5,755,420Liabilities 2022: $0Net Assets 2022: $5,755,4202022Assets 2023: $5,771,561Liabilities 2023: $0Net Assets 2023: $5,771,5612023Assets 2024: $6,340,460Liabilities 2024: $0Net Assets 2024: $6,340,4602024

Highlighted filing

2024

Assets$6,340,460
Liabilities$0
Net Assets$6,340,460
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Expenses 2011: $204,2192011Revenue 2021: $418,383Expenses 2021: $362,627Net Income 2021: $55,7562021Revenue 2022: $1,134,061Expenses 2022: $580,930Net Income 2022: $553,1312022Revenue 2023: $868,579Expenses 2023: $582,172Net Income 2023: $286,4072023Revenue 2024: $613,178Expenses 2024: $533,988Net Income 2024: $79,1902024

Highlighted filing

2024

Revenue$613,178
Expenses$533,988
Net Income$79,190
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,340,460
Liabilities
$0
Net assets
$6,340,460
Revenue
$613,178
Expenses
$533,988
Net income
$79,190
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.34$0.00$6.34$0.61$0.53$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.77$0.00$5.77$0.87$0.58$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.76$0.00$5.76$1.13$0.58$0.55
2021Detailed filing. Detailed filing data is available for this year.$6.09$0.00$6.09$0.42$0.36$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 14, 2025
Return Version
2023v6.0
Gross Receipts
$613,178
Mission and Program Overview

Mission

To support educational, cultural and philanthropic activities which encompass the pancretan culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,469,362$5,798,476▲ $329,114
Cash and Non-Interest-Bearing Accounts$294,368$381,976▲ $87,608
Savings and Temporary Cash Investments$7,831$10,008▲ $2,177
Total Assets$5,771,561$6,340,460▲ $568,899
Other Assets Total-$150,000-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,771,561$6,340,460▲ $568,899
Total Net Assets Fund Balance$5,771,561$6,340,460▲ $568,899
Total Liabilities and Net Assets / Fund Balance$5,771,561$6,340,460▲ $568,899

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,427$2,427
Other Land Buildings-$1,635$1,635
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dianne SophinosGeneral SecretaryPT$18,000$18,000

Board Members and Trustees

NameTitle
Andreas BatakisCultural Education Chair
Diane KounalakisPresident
Vanessa BallsPYA President
John Marakis1st Vice-President
Toula Detorakis2nd Vice-President
George Tsoutsounakis3rd Vice-President
John G Russon CFABoard of Investments
Irene PerosWomens Executive Director
Chris TzortzisDitrict Governor
Gary AhladianakisDitrict Governor
Irene KiousisDitrict Governor
John DatserisDitrict Governor
Kosta PitaridisDitrict Governor
Maria HallisDitrict Governor
Sphia GetchellDitrict Governor
Anna GiannouliasEndowment Fund
Kostas KatsohirakisFoundation
Nikos KastrinakisGeneral Supervisor
Nicholas PapasifakisLegal Advisor
Evangelia HobitakisPhilanthropic Fund
Sia SooklarisScholarships
Debbie NikokavourasTreasurer
Olga MarkogiannakisYouth Supervisor
Tasia ManassakisYouth Supervisor
Revenue and Support

Revenue Composition

Contributions and Grants
$122,813
Program Service Revenue
$273,983
Investment Income
$216,382
Other Revenue
$0
All Other Contributions
$29,231
Change in Net Assets
$79,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$351,635
Grants and Similar Amounts Paid$162,376
Salaries, Compensation, and Employee Benefits$19,977
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$130,576--$130,576
Office Expenses-$41,553-$41,553
Conferences and Meetings-$33,977-$33,977
Grants to Domestic Orgs$31,800--$31,800
Other Expenses$21,549--$21,549
Comp Disqual Persons-$19,977-$19,977
Information Technology-$7,345-$7,345
Fees for Services Accounting-$4,490-$4,490
Payments to Affiliates-$2,000-$2,000
Insurance-$1,616-$1,616
Total Functional Expenses$423,030$110,958$0$533,988
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Venizelos Foundation USA IncBloomingdale, IL501 c 3Promote research study of E. Venizelos$31,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pancretan Association of America
EIN
23-7208073
Phone
5612676807
Address
6506 BELLS MILL ROAD, BETHESDA, MD 20817

Signing Officer

Name
Diane Kounalakis
Title
President
Phone
5612676807
Signed
2025-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Kounalakis
Formed
1929
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
0

Preparer

Firm
Jerry Makris CPA Pa
Address
2110 DREW STREET, CLEARWATER, FL 33765
Preparer
Jerry Makris
Phone
7273864386
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 300 Cretans Program”

Form 990, Part III, Line 4D

“Program Service Expenses 21,549, Grants and allocations 0, Revenue 0 Biennial Convention”

Form 990, Part III, Line 4D

“Program Service Expenses 99,545, Grants and allocations 0, Revenue 50,314 KPHTH Magazine Dues Ads”

Form 990, Part III, Line 4D

“Program Service Expenses 31,800, Grants and allocations 0, Revenue 0 Venizelos Foundation USA Inc - to Promote the life of E. Venizelos”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0General Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt21st Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt32nd Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt43rd Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Womens Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7General Supervisor
IRS990/Form990PartVIISectionAGrp/TitleTxt8Legal Advisor
IRS990/Form990PartVIISectionAGrp/TitleTxt9PYA President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Youth Supervisor
IRS990/Form990PartVIISectionAGrp/TitleTxt11Youth Supervisor
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board of Investments
IRS990/Form990PartVIISectionAGrp/TitleTxt13Cultural Education Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt14Endowment Fund
IRS990/Form990PartVIISectionAGrp/TitleTxt15Foundation
IRS990/Form990PartVIISectionAGrp/TitleTxt16Philanthropic Fund
IRS990/Form990PartVIISectionAGrp/TitleTxt17Scholarships
IRS990/Form990PartVIISectionAGrp/TitleTxt18Ditrict Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt19Ditrict Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt20Ditrict Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt21Ditrict Governor
IRS990/Form990PartVIISectionAGrp/TitleTxt22Ditrict Governor
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IRS990/OtherExpensesGrp/Desc1Philanthropic Contributions
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IRS990/OtherExpensesGrp/Desc3Convention
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IRS990/ProgSrvcAccomActy2Grp/Desc0CULTURAL AND EDUCATION - The PanCretan Association of America is dedicated to developing, encouraging and sustaining programs and activities that promote Hellenic culture, thought, language and traditions. These goals are achieved through the production and distribution of cds and dvds that highlight cretan music and dance, and the encouragement of youth dance groups throughout the country. The cultural and education committee has also arranged special concerts and plays that have toured the country.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PHILANTHROPIC - The PanCretan Association of America philanthropic fund was created to provide financial support to a variety of organizations including hospitals, orphanages, churches and schools and individuals with critical needs both here in the United States and in Crete, Greece.
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