Civic Intelligence

Hellenic Bar Association Foundation

990 • Fiscal year 2023 • EIN 36-4444401

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

86th percentile

44%

Faster asset growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

57%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$600,292

Up $183,989 (+44%) from 2022

Net Assets

Up

$600,292

Up $183,989 (+44%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$192,860

Up $70,387 (+57%) from 2022

Expenses

Down

$18,446

Down $56,524 (-75%) from 2022

Net Income

Up

$174,414

Up $126,911 (+267%) from 2022

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

2023

Assets$600,292
Liabilities$0
Net Assets$600,292

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

2023

Revenue$192,860
Expenses$18,446
Net Income$174,414
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$397,488
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
Investments in Publicly Traded Securities$41,317$264,151▲ $222,834
Cash and Non-Interest-Bearing Accounts$161,674$225,214▲ $63,540
Savings and Temporary Cash Investments$212,733$110,348▼ $102,385
Total Assets$416,303$600,292▲ $183,989
Other Assets Total$579$579→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$415,803$539,792▲ $123,989
Net Assets With Donor Restrictions$500$60,500▲ $60,000
Total Net Assets Fund Balance$416,303$600,292▲ $183,989
Total Liabilities and Net Assets / Fund Balance$416,303$600,292▲ $183,989
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$183,100
Program Service Revenue
$0
Investment Income
$12,615
Other Revenue
$-2,855
Change in Net Assets
$174,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,246
Grants and Similar Amounts Paid$2,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,728-$4,728
Conferences and Meetings-$3,685-$3,685
Insurance-$2,684-$2,684
Grants to Domestic Individuals$2,200--$2,200
Fees for Service Investment Mgmnt Fees-$1,738-$1,738
Advertising$375--$375
All Other Expenses$73$116-$189
Other Expenses$387$115-$115
Total Functional Expenses$5,380$13,066$0$18,446
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,085
Fundraising Gross Income$116,230
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Bal$297,330$116,230$119,085$-2,855
Total Events$297,330$116,230$119,085$-2,855
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 2

Hariklia karris constantine kanellos director director married

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
2024-05-06

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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IRS990/OtherExpensesGrp/Desc3CHASE SERVICE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0115
IRS990/OtherExpensesGrp/ProgramServicesAmt01870
IRS990/OtherExpensesGrp/ProgramServicesAmt1475
IRS990/OtherExpensesGrp/ProgramServicesAmt2387
IRS990/OtherExpensesGrp/TotalAmt01870
IRS990/OtherExpensesGrp/TotalAmt1475
IRS990/OtherExpensesGrp/TotalAmt2387
IRS990/OtherExpensesGrp/TotalAmt3115
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SPYRO DEMAKIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0LAW DAY ESSAY CONTEST FOR ELEMENTARY SCHOOL STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05380
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02200
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0130023
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt061200
IRS990/PYInvestmentIncomeAmt09101
IRS990/PYOtherExpensesAmt013770
IRS990/PYOtherRevenueAmt0-16651
IRS990/PYRevenuesLessExpensesAmt047503
IRS990/PYTotalExpensesAmt074970
IRS990/PYTotalRevenueAmt0122473
IRS990/ReconcilationRevenueExpnssAmt0174414
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212733
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110348
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01,826
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0183100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0130023
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0136963
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0535086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012615
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01828
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0114230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt077880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0106073
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt099656
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0139043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0536882
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01828
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023544
IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01826
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01826
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97690
IRS990ScheduleA/PublicSupportPY509Pct00.98560
IRS990ScheduleA/PublicSupportTotal509Amt01071968
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0297330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0243036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0134656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0189043
IRS990ScheduleA/Total509Grp/TotalAmt01071968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0309945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0218830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0244864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0134656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0189043
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01097338
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
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0181100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0181100
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0119085
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARSHIP BAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0297330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0297330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0116230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0116230
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2855
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0119085
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0119085
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1HARIKLIA KARRIS CONSTANTINE KANELLOS DIRECTOR DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRESIDENT AND TREASURER REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0416303
IRS990/TotalAssetsEOYAmt0600292
IRS990/TotalAssetsGrp/BOYAmt0416303
IRS990/TotalAssetsGrp/EOYAmt0600292
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0183100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013066
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05380
IRS990/TotalFunctionalExpensesGrp/TotalAmt018446
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0416303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0600292
IRS990/TotalProgramServiceExpensesAmt05380
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192860
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0416303
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0600292
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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