Civic Intelligence

Hellenic American Academy Foundation Nfp

990 • Fiscal year 2024 • EIN 32-0167308

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 27, 2025

Organization ProfileN/A
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

84th percentile

0.60x

Higher debt load relative to assets than 84% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.79x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

19th percentile

-10%

Higher net margin than 19% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

19th percentile

-4.5%

Faster asset growth than 19% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$5,317,932

Down $251,156 (-4.5%) from 2023

Net Assets

Down

$2,107,822

Down $181,172 (-7.9%) from 2023

Liabilities

Down

$3,210,110

Down $69,984 (-2.1%) from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Down

$1,794,533

Down $923,636 (-34%) from 2023

Expenses

Down

$1,982,088

Down $83,217 (-4.0%) from 2023

Net Income

Down

-$187,555

Down $840,419 (-129%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2024

Assets$5,317,932
Liabilities$3,210,110
Net Assets$2,107,822
Open 2024 Filing

Operations Trend

Revenue Growth8th 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

2024

Revenue$1,794,533
Expenses$1,982,088
Net Income-$187,555
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 27, 2025
Return Version
2023v6.0
Gross Receipts
$1,874,288
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
Land, Buildings, and Equipment, Net$4,914,181$4,808,710▼ $105,471
Cash and Non-Interest-Bearing Accounts$218,272$82,976▼ $135,296
Accounts Receivable$6,681$0▼ $6,681
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,569,090$5,317,932▼ $251,158
Other Assets Total$429,956$426,246▼ $3,710
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,141,798$3,050,805▼ $90,993
Other Liabilities$94,303$136,995▲ $42,692
Accounts Payable and Accrued Expenses$43,995$22,310▼ $21,685
Total Liabilities$3,280,096$3,210,110▼ $69,986
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,288,994$2,107,822▼ $181,172
Total Net Assets Fund Balance$2,288,994$2,107,822▼ $181,172
Total Liabilities and Net Assets / Fund Balance$5,569,090$5,317,932▼ $251,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,388,570$247,333$4,635,903
Land$275,000-$275,000
Leasehold Improvements$131,592$45,612$177,204
Other Land Buildings$13,548$67,838$81,386
Other Assets Org$426,246--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Demetrios LogothetisChairman
Dr Spiro KarrasVice President
Peter MaroutsosCOO
Angelo SpyratosSecretary
Manolis KaramouzisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$285,918
Program Service Revenue
$1,473,749
Investment Income
$0
Other Revenue
$34,866
All Other Contributions
$106,582
Change in Net Assets
$-187,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,348,430
Other Expenses$633,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,242,352$106,078-$1,348,430
Depreciation Depletion-$142,420-$142,420
Interest-$127,473-$127,473
Occupancy$86,041$9,560-$95,601
Fees for Services Other$1,200$78,435-$79,635
Office Expenses$15,023$15,023-$30,046
Information Technology$12,708$12,708-$25,416
Insurance-$22,249-$22,249
Fees for Services Accounting-$7,629-$7,629
Advertising$867$2,600-$3,467
Other Expenses$150$1,040-$1,190
Total Functional Expenses$1,431,050$551,038$0$1,982,088
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,621
Fundraising Direct Expenses$79,755
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$258,946$86,896$14,702$72,194
All Others$35,011$27,725$8,047$19,678
Total Events$293,957$114,621$79,755$34,866
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Tuition$106,700
payroll liabilities$30,292
Rounding$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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, Part VI, Section B, Line 11B

“Organization's process to review form 990. Excutive committee will review a draft of the Form 990 prior to its filing.”

Form 990, Part VI, Section C, Line 18

“No public disclosure explanation. Available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation. 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
Signed
2025-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Demetrios Logothetis
Formed
2005
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
61
Volunteers
23

Preparer

Firm
Adducci Vega Financial Group LLC
Address
7808 WEST COLLEGE DRIVE STE 3W, PALOS HEIGHTS, IL 60463
Preparer
James Adducci
Phone
7085943838
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book to tax depreciation difference = $6383”

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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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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01063141
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0646898
IRS990/PYOtherRevenueAmt079446
IRS990/PYProgramServiceRevenueAmt01575582
IRS990/PYRevenuesLessExpensesAmt0652864
IRS990/PYSalariesCompEmpBnftPaidAmt01418407
IRS990/PYTotalExpensesAmt02065305
IRS990/PYTotalRevenueAmt02718169
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-187555
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01416689
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04388570
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0247333
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04635903
IRS990ScheduleD/LandGrp/BookValueAmt0275000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0275000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0131592
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt045612
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0177204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0426246
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ERC receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013548
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt067838
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt081386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0106700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Tuition
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1payroll liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04808710
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0426246
IRS990ScheduleD/TotalLiabilityAmt0136995
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Non-distrimination policy included in HAA socrates day school parent/student handbook signed for by parent and student.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Non-distrimination policy included in HAA socrates day school parent/student handbook signed for by parent and student.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0179336
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0172050
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07286
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt079755
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt010131
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt010131
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0All Others
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt046875
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt046875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0258946
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt035011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0293957
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt086896
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0114621
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034866
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022749
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014702
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08047
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization's process to review form 990. Excutive committee will review a draft of the Form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No public disclosure explanation. Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents disclosure explanation. Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Book to tax depreciation difference = $6383
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05569090
IRS990/TotalAssetsEOYAmt05317932
IRS990/TotalAssetsGrp/BOYAmt05569090
IRS990/TotalAssetsGrp/EOYAmt05317932
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0285918
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0551038

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,317,932
Liabilities
$3,210,110
Net assets
$2,107,822
Revenue
$1,794,533
Expenses
$1,982,088
Net income
-$187,555
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