Civic Intelligence

Hellenic American Academy Foundation Nfp

990 • Fiscal year 2020 • EIN 32-0167308

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 14, 2020

Organization ProfileHELLENICAMERICANACADEMY.ORG
445 Pine StreetDeerfield, IL 60015

(847) 317-1063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.45x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.54x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

$209,679

No earlier filing loaded for comparison.

Net Assets

-$513,670

No earlier filing loaded for comparison.

Liabilities

$723,349

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin30th percentile

Revenue

$1,344,042

No earlier filing loaded for comparison.

Expenses

$1,392,631

No earlier filing loaded for comparison.

Net Income

-$48,589

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $209,679Liabilities 2020: $723,349Net Assets 2020: -$513,6702020Assets 2021: $231,063Liabilities 2021: $709,058Net Assets 2021: -$477,9952021Assets 2022: $5,354,772Liabilities 2022: $3,792,483Net Assets 2022: $1,562,2892022Assets 2023: $5,569,088Liabilities 2023: $3,280,094Net Assets 2023: $2,288,9942023Assets 2024: $5,317,932Liabilities 2024: $3,210,110Net Assets 2024: $2,107,8222024Assets 2025: $5,201,418Liabilities 2025: $3,099,992Net Assets 2025: $2,101,4262025

Highlighted filing

2020

Assets$209,679
Liabilities$723,349
Net Assets-$513,670
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2020: $1,344,042Expenses 2020: $1,392,631Net Income 2020: -$48,5892020Revenue 2021: $1,595,542Expenses 2021: $1,568,505Net Income 2021: $27,0372021Revenue 2022: $3,876,315Expenses 2022: $1,845,134Net Income 2022: $2,031,1812022Revenue 2023: $2,718,169Expenses 2023: $2,065,305Net Income 2023: $652,8642023Revenue 2024: $1,794,533Expenses 2024: $1,982,088Net Income 2024: -$187,5552024Revenue 2025: $1,976,798Expenses 2025: $1,983,194Net Income 2025: -$6,3962025

Highlighted filing

2020

Revenue$1,344,042
Expenses$1,392,631
Net Income-$48,589
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 14, 2020
Return Version
2019v5.0
Gross Receipts
$1,411,353
Mission and Program Overview

Mission

To be the preeminent educational and cultural center for hellenism in the united states recognized for academic excellence, a strong sense of community, and the promotion of greek heritage and faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,740$117,319▲ $89,579
Land, Buildings, and Equipment, Net$71,369$72,990▲ $1,621
Accounts Receivable$21,546$19,370▼ $2,176
Total Assets$120,655$209,679▲ $89,024
Liabilities
Unsecured Notes Loans Payable$488,163$679,813▲ $191,650
Other Liabilities$64,043$39,275▼ $24,768
Accounts Payable and Accrued Expenses$38,208$4,261▼ $33,947
Total Liabilities$590,414$723,349▲ $132,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-469,759$-513,670▼ $43,911
Total Net Assets Fund Balance$-469,759$-513,670▼ $43,911
Total Liabilities and Net Assets / Fund Balance$120,655$209,679▲ $89,024

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$61,862$11,118$72,980
Equipment$11,128$41,093$52,221
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Demetrios LogothetisChairman
Peter MaroutsosChief Oper.
Angelo SpyratosSecretary
Manolis KaramouzisTreasurer
Dr Spiro KarrasVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$224,230
Program Service Revenue
$922,649
Investment Income
$0
Other Revenue
$197,163
All Other Contributions
$211,855
Change in Net Assets
$-48,589

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$120,000Fair Market Value
Total Noncash Contributions1$120,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,056,247
Other Expenses$336,384
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$925,200$131,047-$1,056,247
Occupancy$132,828$42,345-$175,173
Interest-$22,582-$22,582
Advertising$220$17,135-$17,355
Fees for Services Other$6,979$7,545-$14,524
Depreciation Depletion-$13,526-$13,526
Insurance-$12,799-$12,799
Information Technology-$10,681-$10,681
Office Expenses$3,276$4,814-$8,090
Fees for Services Accounting-$7,850-$7,850
Other Expenses$11,971$2,600-$2,600
Fees for Services Legal-$-4,952-$-4,952
Total Functional Expenses$1,102,104$290,527$0$1,392,631
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$264,474
Fundraising Direct Expenses$67,311
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$247,386$236,236$18,215$218,021
Greek Fest$15,469$14,319$1,062$13,257
Total Events$262,855$250,555$67,073$183,482
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Def Program and Reg Fees$26,250
Accrued & Withheld P/r Tax$13,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Executive committee will review a draft of the form 990 prior to its filing.”

Form 990, Page 6, Part VI, Line 18

“First filing of form 990 on own; method of public disclosure to be determined.”

Form 990, Page 6, Part VI, Line 19

“First filing of form 990 on own; method of public disclosure to be determined.”

Filing and Contact Details

Filer

Filer Name
Hellenic American Academy
EIN
32-0167308
Phone
8473171063
Address
445 PINE STREET, DEERFIELD, IL 60015

Signing Officer

Name
Demetrios Logothetis
Title
Chairman
Phone
8473171063
Signed
2020-11-14

Organization Details

Principal Officer
Demetrios Logothetis
Formed
2005
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
62
Volunteers
85

Preparer

Firm
Klesman & Company Pc
Address
7110 W 127TH STREET SUITE 230, PALOS HEIGHTS, IL 60463
Preparer
Edward M Hayes
Phone
7089230200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 4,678”

Raw XML Appendix392 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0262855
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0236236
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014319
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0250555
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0183482
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt019277
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018215
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01062
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01604
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01604
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0120000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMMITTEE WILL REVIEW A DRAFT OF THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FIRST FILING OF FORM 990 ON OWN; METHOD OF PUBLIC DISCLOSURE TO BE DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FIRST FILING OF FORM 990 ON OWN; METHOD OF PUBLIC DISCLOSURE TO BE DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 4,678
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0209679
IRS990/TotalAssetsGrp/BOYAmt0120655
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IRS990/TotalContributionsAmt0224230
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0290527
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01102104
IRS990/TotalFunctionalExpensesGrp/TotalAmt01392631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0590414
IRS990/TotalLiabilitiesEOYAmt0723349
IRS990/TotalLiabilitiesGrp/BOYAmt0590414
IRS990/TotalLiabilitiesGrp/EOYAmt0723349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-469759
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-513670
IRS990/TotalProgramServiceExpensesAmt01102104
IRS990/TotalProgramServiceRevenueAmt0922649
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0922649
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01344042
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120655
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0209679
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0HELLENICAMERICANACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DEMETRIOS LOGOTHETIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08473171063
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HELLENIC AMERICAN ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HELL
ReturnHeader/Filer/EIN0320167308
ReturnHeader/Filer/PhoneNum08473171063
ReturnHeader/Filer/USAddress/AddressLine1Txt0445 PINE STREET
ReturnHeader/Filer/USAddress/CityNm0DEERFIELD
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.165.86.109
ReturnHeader/FilingSecurityInformation/IPDt02020-12-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:52:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363606968
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KLESMAN & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07110 W 127TH STREET SUITE 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALOS HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060463
ReturnHeader/PreparerPersonGrp/PhoneNum07089230200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD M HAYES
ReturnHeader/ReturnTs02020-12-04T12:52:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$209,679
Liabilities
$723,349
Net assets
-$513,670
Revenue
$1,344,042
Expenses
$1,392,631
Net income
-$48,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$3.10$2.10$1.98$1.98$0.01
2024Detailed filing. Detailed filing data is available for this year.$5.32$3.21$2.11$1.79$1.98$0.19
2023Detailed filing. Detailed filing data is available for this year.$5.57$3.28$2.29$2.72$2.07$0.65
2022Detailed filing. Detailed filing data is available for this year.$5.35$3.79$1.56$3.88$1.85$2.03
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.71$0.48$1.60$1.57$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.72$0.51$1.34$1.39$0.05