Civic Intelligence

Hellenic Bar Association Foundation

990 • Fiscal year 2022 • EIN 36-4444401

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 30, 2023

4200 Cantera Drive Suite 112Warrenville, IL 60555

(312) 578-0757

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-56%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$416,303

Up $21,293 (+5.4%) from 2021

Net Assets

Up

$416,303

Up $21,293 (+5.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$122,473

Down $156,705 (-56%) from 2021

Expenses

Down

$74,970

Down $70,008 (-48%) from 2021

Net Income

Down

$47,503

Down $86,697 (-65%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $145,432Net Assets 2013: $145,4322013Assets 2014: $178,437Liabilities 2014: $0Net Assets 2014: $178,4372014Assets 2015: $208,067Liabilities 2015: $0Net Assets 2015: $208,0672015Assets 2016: $212,620Liabilities 2016: $0Net Assets 2016: $212,6202016Assets 2017: $222,556Liabilities 2017: $0Net Assets 2017: $222,5562017Assets 2018: $233,981Liabilities 2018: $0Net Assets 2018: $233,9812018Assets 2019: $293,416Liabilities 2019: $0Net Assets 2019: $293,4162019Assets 2020: $285,746Liabilities 2020: $0Net Assets 2020: $285,7462020Assets 2021: $395,010Liabilities 2021: $0Net Assets 2021: $395,0102021Assets 2022: $416,303Liabilities 2022: $0Net Assets 2022: $416,3032022Assets 2023: $600,292Liabilities 2023: $0Net Assets 2023: $600,2922023Assets 2024: $621,090Liabilities 2024: $0Net Assets 2024: $621,0902024

Highlighted filing

2022

Assets$416,303
Liabilities$0
Net Assets$416,303

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $22,558Expenses 2013: $36,280Net Income 2013: -$13,7222013Revenue 2014: $159,414Expenses 2014: $126,409Net Income 2014: $33,0052014Revenue 2015: $151,838Expenses 2015: $122,208Net Income 2015: $29,6302015Revenue 2016: $115,812Expenses 2016: $111,259Net Income 2016: $4,5532016Revenue 2017: $106,912Expenses 2017: $96,976Net Income 2017: $9,9362017Revenue 2018: $81,581Expenses 2018: $70,156Net Income 2018: $11,4252018Revenue 2019: $193,854Expenses 2019: $134,419Net Income 2019: $59,4352019Revenue 2020: $129,355Expenses 2020: $137,025Net Income 2020: -$7,6702020Revenue 2021: $279,178Expenses 2021: $144,978Net Income 2021: $134,2002021Revenue 2022: $122,473Expenses 2022: $74,970Net Income 2022: $47,5032022Revenue 2023: $192,860Expenses 2023: $18,446Net Income 2023: $174,4142023Revenue 2024: $135,971Expenses 2024: $135,237Net Income 2024: $7342024

Highlighted filing

2022

Revenue$122,473
Expenses$74,970
Net Income$47,503
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$262,801
Mission and Program Overview

Mission

Improve the effectiveness and efficiency of the administration of justice in the state of il and members' effectiveness and efficiency in the practive of law. Ensure that bench and bar adhere to acceptable professional and ethical standards. Improve public understanding of the functions and importance of our legal and constitutional system and encourage respect thereof. Increase public understanding and respect for the legal profession and the role of hellenism in the law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$159,661$212,733▲ $53,072
Cash and Non-Interest-Bearing Accounts$112,971$161,674▲ $48,703
Investments in Publicly Traded Securities$111,499$41,317▼ $70,182
Total Assets$395,010$416,303▲ $21,293
Other Assets Total$10,879$579▼ $10,300
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$390,485$415,803▲ $25,318
Net Assets With Donor Restrictions$4,525$500▼ $4,025
Total Net Assets Fund Balance$395,010$416,303▲ $21,293
Total Liabilities and Net Assets / Fund Balance$395,010$416,303▲ $21,293
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$130,023
Program Service Revenue
$0
Investment Income
$9,101
Other Revenue
$-16,651
Change in Net Assets
$47,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$61,200
Other Expenses$13,770
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$61,200--$61,200
Advertising-$4,530-$4,530
Conferences and Meetings-$3,670-$3,670
Insurance-$2,012-$2,012
Other Expenses$220$560-$220
All Other Expenses-$87-$87
Total Functional Expenses$64,111$10,859$0$74,970
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$96,357
Fundraising Gross Income$77,880
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Bal$207,903$77,880$96,357$-18,477
Total Events$207,903$77,880$96,357$-18,477
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Governance Explanations

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

President and treasurer review the return prior to filing.

Form 990, Page 6, Part VI, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Hellenic Bar Association Foundation
EIN
36-4444401
Phone
3125780757
Address
4200 CANTERA DRIVE SUITE 112, WARRENVILLE, IL 60555

Signing Officer

Name
Spyro Demakis
Title
President
Phone
3125802303
Signed
2023-10-30

Organization Details

Principal Officer
Spyro Demakis
Formed
2001
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
50

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 - ORGANIZATION'S MISSION

Improve the effectiveness and efficiency of the administration of justice in the state of il and members' effectiveness and efficiency in the practive of law. Ensure that bench and bar adhere to acceptable professional and ethical standards. Improve public understanding of the functions and importance of our legal and constitutional system and encourage respect thereof. Increase public understanding and respect for the legal profession and the role of hellenism in the law.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMPROVE THE EFFECTIVENESS AND EFFICIENCY OF THE ADMINISTRATION OF JUSTICE IN THE STATE OF IL AND MEMBERS' EFFECTIVENESS AND EFFICIENCY IN THE PRACTIVE OF LAW. ENSURE THAT BENCH AND BAR ADHERE TO ACCEPTABLE PROFESSIONAL AND ETHICAL STANDARDS. IMPROVE PUBLIC UNDERSTANDING OF THE FUNCTIONS AND IMPORTANCE OF OUR LEGAL AND CONSTITUTIONAL SYSTEM AND ENCOURAGE RESPECT THEREOF. INCREASE PUBLIC UNDERSTANDING AND RESPECT FOR THE LEGAL PROFESSION AND THE ROLE OF HELLENISM IN THE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESIDENT AND TREASURER REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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