Civic Intelligence

Parrhasian Heritage Foundation

EIN 45-2436613 • 501(c)3 • Tucson, AZ

Profile

The parrhasian heritage foundation exists to support the ongoing excavation, preservation and documentation of projects at the sanctuary of zeus at mt. Lykaion as well as associated regional research. It also provides support for the creation of the parrhasian heritage park, which will unify and protect a large area (ca. 550 square kilometers) in western arcadia, northern messenia and eastern elis.in addition, it will provide opportunities for students and scholars from the united states, greece and other parts of the world to conduct research at my. Lykaion and in the neighboring areas.

2321 E Calle LustreTucson, AZ 85718

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

23rd percentile

-20%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

29th percentile

-22%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-40%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$197,141

Down $55,611 (-22%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$197,141

Down $55,611 (-22%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin23rd percentile

Revenue

Down

$284,981

Down $192,700 (-40%) from 2023

Expenses

Down

$340,592

Down $247 (-0.1%) from 2023

Net Income

Down

-$55,611

Down $192,453 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2016: $120,246Net Assets 2016: $120,2462016Assets 2017: $66,353Liabilities 2017: $0Net Assets 2017: $66,3532017Assets 2018: $23,825Net Assets 2018: $23,8252018Assets 2019: $41,006Net Assets 2019: $41,0062019Assets 2020: $92,327Net Assets 2020: $92,3272020Assets 2021: $111,572Net Assets 2021: $111,5722021Assets 2022: $115,910Net Assets 2022: $115,9102022Assets 2023: $252,752Liabilities 2023: $0Net Assets 2023: $252,7522023Assets 2024: $197,141Liabilities 2024: $0Net Assets 2024: $197,1412024

Highlighted filing

2024

Assets$197,141
Liabilities$0
Net Assets$197,141
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $102,425Expenses 2016: $87,599Net Income 2016: $14,8262016Revenue 2017: $219,200Expenses 2017: $273,093Net Income 2017: -$53,8932017Revenue 2018: $180,358Expenses 2018: $222,886Net Income 2018: -$42,5282018Revenue 2019: $176,691Expenses 2019: $159,510Net Income 2019: $17,1812019Revenue 2020: $100,005Expenses 2020: $48,684Net Income 2020: $51,3212020Revenue 2021: $94,505Expenses 2021: $75,260Net Income 2021: $19,2452021Revenue 2022: $181,996Expenses 2022: $177,658Net Income 2022: $4,3382022Revenue 2023: $477,681Expenses 2023: $340,839Net Income 2023: $136,8422023Revenue 2024: $284,981Expenses 2024: $340,592Net Income 2024: -$55,6112024

Highlighted filing

2024

Revenue$284,981
Expenses$340,592
Net Income-$55,611
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$197,141
Liabilities
$0
Net assets
$197,141
Revenue
$284,981
Expenses
$340,592
Net income
-$55,611
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.00$1.97$2.85$3.41$0.56
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$4.78$3.41$1.37
2022Detailed filing. Detailed filing data is available for this year.$1.16$1.16$1.82$1.78$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.12$1.12$0.95$0.75$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.92$1.00$0.49$0.51
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.41$1.77$1.60$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.24$1.80$2.23$0.43
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$2.19$2.73$0.54
2016Detailed filing. Detailed filing data is available for this year.$1.20$1.20$1.02$0.88$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 29, 2025
Return Version
2024v5.2
Gross Receipts
$284,981
Mission and Program Overview

Mission

The parrhasian heritage foundation exists to support the ongoing excavation, preservation and documentation of projects at the sanctuary of zeus at mt. Lykaion as well as associated regional research. It also provides support for the creation of the parrhasian heritage park, which will unify and protect a large area (ca. 550 square kilometers) in western arcadia, northern messenia and eastern elis.in addition, it will provide opportunities for students and scholars from the united states, greece and other parts of the world to conduct research at my. Lykaion and in the neighboring areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,404$105,395▲ $4,991
Cash and Non-Interest-Bearing Accounts$152,348$91,746▼ $60,602
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$252,752$197,141▼ $55,611
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$252,752$197,141▼ $55,611
Total Net Assets Fund Balance$252,752$197,141▼ $55,611
Total Liabilities and Net Assets / Fund Balance$252,752$197,141▼ $55,611

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,317$5,317
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
David Gilman RomanoPresident / Director
Christos KoumoundourosDirector
Dorothy DinsmoorDirector
George DavisDirector
James H Ottaway JrDirector
Tom KeatingDirector
Mary E VoyatzisVice Pres / Director
Nota PantzouSecretary
Dimitris PapakonstantinouVP Legislative
Mark DavisonVP Park Plannin
Irene RomanoVP Public Relat
Nicholas StappVP Technology
Revenue and Support

Revenue Composition

Contributions and Grants
$278,670
Program Service Revenue
$0
Investment Income
$4,991
Other Revenue
$1,320
All Other Contributions
$278,670
Change in Net Assets
$-55,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$340,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$825-$825
Other Expenses$50,000$717-$717
All Other Expenses$145$130-$275
Total Functional Expenses$338,920$1,672$0$340,592
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The president is married to the vice president for public relations.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is distributed to each board member for review prior to filing with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization makes available its financial statements, organizational documents and forms 990 upon request.”

Filing and Contact Details

Filer

Filer Name
Parrhasian Heritage Foundation
EIN
45-2436613
Address
2321 E CALLE LUSTRE, TUCSON, AZ 85718

Signing Officer

Name
David Gilman Romano
Title
President
Signed
2025-08-29
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
30

Preparer

Firm
Beucler Kelly & Irwin Ltd
Address
125 STRAFFORD AVE STE 116, WAYNE, PA 19087
Preparer
Janine Bovatsek
Phone
6106883200
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IRS990/MissionDesc0THE PARRHASIAN HERITAGE FOUNDATION EXISTS TO SUPPORT THE ONGOING EXCAVATION, PRESERVATION AND DOCUMENTATION OF PROJECTS AT THE SANCTUARY OF ZEUS AT MT. LYKAION AS WELL AS ASSOCIATED REGIONAL RESEARCH. IT ALSO PROVIDES SUPPORT FOR THE CREATION OF THE PARRHASIAN HERITAGE PARK, WHICH WILL UNIFY AND PROTECT A LARGE AREA (CA. 550 SQUARE KILOMETERS) IN WESTERN ARCADIA, NORTHERN MESSENIA AND EASTERN ELIS.IN ADDITION, IT WILL PROVIDE OPPORTUNITIES FOR STUDENTS AND SCHOLARS FROM THE UNITED STATES, GREECE AND OTHER PARTS OF THE WORLD TO CONDUCT RESEARCH AT MY. LYKAION AND IN THE NEIGHBORING AREAS.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: The Parrhasian Heritage Foundation was founded in June, 2012. The Foundation exists to support the ongoing excavation, preservation and documentation of projects at the Sanctuary of Zeus at Mt. Lykaion as well as associated regional research in a number of fields including archaeology, architecture, history, anthropology, geology, and ethnography. It also provides support for the creation of the Parrhasian Heritage Park, the first cultural heritage park of Greece, which will unify and protect a large area (ca. 650 square kilometers) in Western Arcadia, Northern Messenia and Eastern Elis. In addition, it will provide opportunities for students and scholars from the United States, Greece and other parts of the world to conduct research at Mt. Lykaion and in the neighboring areas.Additional goals include the promotion of publications and conferences relating to the work of the project, the creation of a research center as a permanent and comfortable place to work, study and live in Andritsaina that could be used the whole year for the above objectives and which could also serve as a place where students from around the world could be taught the latest techniques and methods for Heritage management.Finally, the Parrhasian Heritage Foundation also encourages and assists Local Community efforts aiming at providing active and sustained support to the projects and the objectives of the Foundation.The organization qualifies as publicly supported because it meets the 10% plus facts and circumstances in the following respects: (1) 10% of support limitation The organization's support fraction is 23.65%, well above the 10% threshold. (2) Attraction of public support the Foundation maintains a continuous and bona fide program for solicitation of funds from the general public including individuals, businesses, and other nonprofit organizations and foundations. (3) Sources of support the foundation is supported by a diverse and representative group of donors including individuals, businesses, non-profit organizations and foundations. (4) Representative governing body The organization is governed by a Board of Directors of eight individuals with varying backgrounds and expertise including members who are academics, a former journalist, several business men and women, several Greek nationals as civic leaders and academics. (5) Facilities and Services provided to the general public on a regular basis. Since inception the Foundation has offered public lectures consistent with their mission. The lectures are open to the public and widely advertised. The Foundation organized an international meeting in Athens, Greece on May 31, 2019 and the presentations are to be published by the Foundation. Furthermore, the Foundation has sponsored and run the Parrhasian Heritage Park Field School in Arcadia, Greece, each summer since 2011. The Foundation also supports undergraduate and graduate students to participate in the Mt. Lykaion Excavation and Survey Project each summer.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT IS MARRIED TO THE VICE PRESIDENT FOR PUBLIC RELATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES AVAILABLE ITS FINANCIAL STATEMENTS, ORGANIZATIONAL DOCUMENTS AND FORMS 990 UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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