Civic Intelligence

Hellenic American Academy Foundation Nfp

990 • Fiscal year 2021 • EIN 32-0167308

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 24, 2021

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

3.07x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.44x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

1.7%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

52nd percentile

10%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

19%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$231,063

Up $21,384 (+10%) from 2020

Net Assets

Up

-$477,995

Up $35,675 (+6.9%) from 2020

Liabilities

Down

$709,058

Down $14,291 (-2.0%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin29th percentile

Revenue

Up

$1,595,542

Up $251,500 (+19%) from 2020

Expenses

Up

$1,568,505

Up $175,874 (+13%) from 2020

Net Income

Up

$27,037

Up $75,626 (+156%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

2021

Assets$231,063
Liabilities$709,058
Net Assets-$477,995
Open 2021 Filing

Operations Trend

Revenue Growth57th percentile

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

2021

Revenue$1,595,542
Expenses$1,568,505
Net Income$27,037
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 24, 2021
Return Version
2020v4.0
Gross Receipts
$1,603,499
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$117,319$140,852▲ $23,533
Land, Buildings, and Equipment, Net$72,990$78,891▲ $5,901
Accounts Receivable$19,370$11,320▼ $8,050
Total Assets$209,679$231,063▲ $21,384
Liabilities
Unsecured Notes Loans Payable$679,813$625,833▼ $53,980
Other Liabilities$39,275$73,493▲ $34,218
Accounts Payable and Accrued Expenses$4,261$9,732▲ $5,471
Total Liabilities$723,349$709,058▼ $14,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-513,670$-477,995▲ $35,675
Total Net Assets Fund Balance$-513,670$-477,995▲ $35,675
Total Liabilities and Net Assets / Fund Balance$209,679$231,063▲ $21,384

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$55,868$17,112$72,980
Equipment$23,023$46,603$69,626
Compensation and Service Providers
Top Officer Pay39th 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
$332,409
Program Service Revenue
$1,183,163
Investment Income
$0
Other Revenue
$79,970
All Other Contributions
$332,259
Change in Net Assets
$27,037

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$60,000Fair Market Value
Total Noncash Contributions1$60,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,126,510
Other Expenses$441,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,040,738$85,772-$1,126,510
Occupancy$188,757$80,702-$269,459
Interest-$28,762-$28,762
Depreciation Depletion-$20,142-$20,142
Information Technology$1,137$18,959-$20,096
Fees for Services Other$4,665$7,949-$12,614
Insurance-$12,068-$12,068
Other Expenses$5,952$2,287-$8,239
Office Expenses$4,611$3,354-$7,965
Fees for Services Accounting-$6,725-$6,725
Advertising$1,444$3,080-$4,524
Fees for Services Legal-$375-$375
Total Functional Expenses$1,277,944$290,561$0$1,568,505
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$87,927
Fundraising Direct Expenses$7,957
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$55,150$55,150$125$55,025
Greek Fest$8,927$8,927$1,645$7,282
Total Events$64,077$64,077$6,770$57,307
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$58,250
Accrued & Withheld P/r Tax$15,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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

“AVAILABLE UPON REQUEST”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

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
2021-11-24

Organization Details

Principal Officer
Demetrios Logothetis
Formed
2005
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
52
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 8,638”

Raw XML Appendix376 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/FoodAndBeverageEvent1Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08927
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08927
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064077
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt057307
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01770
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0125
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01645
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0DONATED SPACE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt060000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMMITTEE WILL REVIEW A DRAFT OF THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 8,638
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0209679
IRS990/TotalAssetsEOYAmt0231063
IRS990/TotalAssetsGrp/BOYAmt0209679
IRS990/TotalAssetsGrp/EOYAmt0231063
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0332409
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0290561
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01277944
IRS990/TotalFunctionalExpensesGrp/TotalAmt01568505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0723349
IRS990/TotalLiabilitiesEOYAmt0709058
IRS990/TotalLiabilitiesGrp/BOYAmt0723349
IRS990/TotalLiabilitiesGrp/EOYAmt0709058
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-513670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-477995
IRS990/TotalProgramServiceExpensesAmt01277944
IRS990/TotalProgramServiceRevenueAmt01183163
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01183163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01595542
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0209679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0231063
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0679813
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0625833
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HELLENICAMERICANACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DEMETRIOS LOGOTHETIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08473171063
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-24
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060015
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/PreparationDt02021-11-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD M HAYES
ReturnHeader/ReturnTs02021-11-30T13:32:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEMETRIOS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOGOTHETIS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$231,063
Liabilities
$709,058
Net assets
-$477,995
Revenue
$1,595,542
Expenses
$1,568,505
Net income
$27,037
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