2022-11-15T20:20:56-06:00 2021-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2021-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2022-11-15 1 GEORGE STAMAS 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GEORGE P STAMAS 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 3354040 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 37 37 1 0 0 0 1275160 2754508 0 0 5400 4666 1414545 -97318 2695105 2661856 752639 925736 0 0 96443 107700 0 0 430060 884270 1011953 1733352 2045389 961753 616467 2057415 2801099 96305 227622 1961110 2573477 X THE HELLENIC INITIATIVE ("THI") IS A NONPARTISAN, SECULAR ORGANIZATION FORMED TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. THI IS COMMITTED TO THE RELIEF, RECOVERY, AND RENEWAL OF GREECE WHILE IT HELPS SHAPE GREECE'S LONG-TERM RECOVERY IN RESPONSE TO THE WORSENING ECONOMIC CRISIS. THI'S STRATEGIES ENTAIL BUILDING PROGRAMS IN THREE AREAS CRITICAL TO SHAPING GREECE'S GROWTH AS IT EMERGES FROM THE ECONOMIC CRISIS: CRISIS RELIEF, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT. 0 0 446361 364469 0 CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS. 372289 303987 0 ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES. 315089 257280 0 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 1133739 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X MY STRATEGIC PAYROLL ATTN NICK TSISMENAKIS 5162408400 377 OAK ST 4TH FLOOR GARDEN CITY NY 11530 X ACHILLES CONSTANTAKOPOULOS BOARD MEMBER 0.50 X 0 0 0 ALEX KARLOUTSOS BOARD MEMBER 0.50 X 0 0 0 ARIS CANDRIS BOARD MEMBER 0.50 X 0 0 0 CONSTANTINE KARIDES BOARD MEMBER 1.00 X 0 0 0 CORINNE MENTZELOPOULOS BOARD MEMBER 1.00 X 0 0 0 DEAN DAKOLIAS BOARD MEMBER 1.00 X 0 0 0 DEAN METROPOULOS BOARD MEMBER 0.50 X 0 0 0 DENNIS MEHIEL BOARD MEMBER 2.00 X 0 0 0 DIMITRIS GEORGAKOPOULOS BOARD MEMBER 0.50 X 0 0 0 DRAKE BEHRAKIS BOARD MEMBER 1.00 X 0 0 0 ELENI KOUNALAKIS BOARD MEMBER 0.50 X 0 0 0 GEORGE DAVID BOARD MEMBER 1.00 X 0 0 0 GEORGE FRAZIS BOARD MEMBER 0.50 X 0 0 0 GEORGE LOGOTHETIS BOARD MEMBER 1.00 X 0 0 0 GEORGE MARCUS BOARD MEMBER 0.50 X 0 0 0 GEORGE SAKELLARIS BOARD MEMBER 0.50 X 0 0 0 GEORGE SVOKOS BOARD MEMBER 1.00 X 0 0 0 GEORGE TSUNIS BOARD MEMBER 0.50 X 0 0 0 HARRY WILSON BOARD MEMBER 0.50 X 0 0 0 JAMES NEARY BOARD MEMBER 0.50 X 0 0 0 JEREMY DOWNWARD BOARD MEMBER 2.00 X 0 0 0 JOHN KOUDOUNIS BOARD MEMBER 0.50 X 0 0 0 JOHN CALAMOS SR BOARD MEMBER 0.50 X 0 0 0 JOHN CATSIMATIDIS BOARD MEMBER 0.50 X 0 0 0 JOHN D GEORGES BOARD MEMBER 0.50 X 0 0 0 MARIA ALLWIN BOARD MEMBER 0.50 X 0 0 0 MARIANNA V VARDINOYANNIS BOARD MEMBER 0.50 X 0 0 0 MICHAEL PSAROS BOARD MEMBER 0.50 X 0 0 0 NICHOLAS G PAPPAS BOARD MEMBER 0.50 X 0 0 0 NICK ALEXOS BOARD MEMBER 0.50 X 0 0 0 NICK MITAROS BOARD MEMBER 0.50 X 0 0 0 NIKOS KOUMETTIS BOARD MEMBER 0.50 X 0 0 0 NIKOS STATHOPOULOS BOARD MEMBER 0.50 X 0 0 0 THEODORE LEONSIS BOARD MEMBER 0.50 X 0 0 0 WILLIAM DOUCAS BOARD MEMBER 0.50 X 0 0 0 ANDREW LIVERIS CHAIRMAN & CO-PRESIDENT 1.00 X X 0 0 0 GEORGE STAMAS CO-PRESIDENT 10.00 X X 0 0 0 0 0 0 0 0 0 0 POULOS BROTHERS INC 236 ENCORE BLVD EASTPORT NY 11941 DIRECTOR FEES 200000 IMPETUS SERVICES 17 DIMOSTHENI ST NICOSIA CY PROGRAM DIRECTOR 148800 2 1648025 1106483 33500 2754508 4666 4666 594866 1648025 692184 -97318 -97318 2661856 0 0 -92652 X 925736 925736 100525 80420 20105 7175 5740 1435 354535 194551 99990 59994 536 536 75820 75820 388352 13452 36933 337967 10559 10559 65665 65665 12321 12321 23723 23723 72936 72936 1108 1108 6398 6398 2045389 1133739 481590 430060 16346 11343 928478 1039821 467238 349013 45500 5500 39036 5284 0 33752 599853 1361670 2057415 2801099 96305 227622 96305 227622 X 1961110 2573477 1961110 2573477 2057415 2801099 616467 3400 -7500 0 X 0 1 X 1 0 X 1889724 2362221 2013596 2926280 2754508 11946329 1889724 2362221 2013596 2926280 2754508 11946329 11946329 12477 14042 6845 3809 4666 41839 211 211 11988379 0.99650 0.99440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33500 33500 5536 5284 252 33752 X 2762574 3400 3400 2759174 -97318 -97318 2661856 2142707 97318 97318 2045389 0 2045389 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE CORPORATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021 AND 2020, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE CORPORATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. MANAGEMENT BELIEVES THAT THE CORPORATION IS NO LONGER SUBJECT TO SUCH AUDITS FOR YEARS PRIOR TO 2016 UNDER FEDERAL AND STATE TAX JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM CRISIS RELIEF AND ECONOMIC DEVELOPMENT 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM COLLECT FOOD SUITABLE FOR CONSUMPTION BUT NON-SELLABLE FOR VARIOUS REASONS AND THEN DONATES IT TO CHARITIES, SOUP KITCHENS, ORPHANAGES AND OTHER CARE INSTITUTIONS. 90000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO DESTIGMATIZE MENTAL HEALTH, PROMOTE SELF-CARE AND CREATE AWARENESS FOR MENTAL HEALTH ISSUES. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM FOCUS ON THE ENLIGHTENMENT AND MOBILIZATION OF SOCIETY AGAINST THE MALTREATMENT OF CHILDREN. 28313 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM WORK TOWARDS DEVELOPING AN EFFICIENT NETWORK OF BOTH PUBLIC AND PRIVATE ACTORS PROMOTING THE DONATION OF MEDICINE IN SOCIALLY VULNERABLE GROUPS. 15000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM WORK TO REVERSE THE BIRTH DEFICIT OF THE COUNTRY WORKING AT IT ASPIRES TO REVERSE THE TREND OF DECLINING BIRTH RATES IN GREECE. 30000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROVIDING CARE FOR MOTHERS AND THEIR CHILDREN, MOST OF WHICH ARE HOMELESS, ABANDONED, WITHOUT FOOD, SHELTER, OR MEDICAL CARE. 20000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM OFFER SOCIAL AND HUMANITARIAN SUPPORT AND EDUCATIONAL SERVICES TO THE VULNERABLE GROUPS LIVING IN THE CITY AND THE SURROUNDING REGION. 20000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM COUNSELING, REFERRAL, INFORMATIONAL, AND CHILD ABUSE REPORTING SERVICE FOR CHILDREN, ADOLESCENTS, PARENTS AND EDUCATORS. 30000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELPLINE AIDING PEOPLE LOOKING FOR SUPPORT WHEN FACED WITH WILDFIRE ISSUES. 71161 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SPONSORSHIP TOWARDS THE COUNTRY'S LARGEST ECONOMIC FORUM. 20000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELP COMMERCIALIZE R&D RESULTS STEMMING FROM CYPRUS UNIVERSITIES AND OTHER ACADEMIC RESEARCH INSTITUTIONS. 60000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PARTNERING DIRECTLY WITH EMPLOYERS AND ACADEMIC INSTITUTIONS AND ACTIVELY CONNECTING ITS GRADUATES TO MEANINGFUL CAREERS AND RE-ENGINEERING THE MECHANICS BETWEEN ACADEMIC INSTITUTIONS AND THE LABOR MARKET. 175000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ORGANIZE THE ATHENS VENTURE FAIR, THE ONLY US-STYLE PITCHING EVENT FOR GREEK STARTUPS. 16000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SPONSORSHIP TOWARDS THE VENTURE GARDEN PROGRAM RUN BY ANATOLIA IN THESSALONIKI. 11463 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELP STARTUPS FROM GREECE TO ATTEND THE PROGRAM. 271524 WIRE 0 0 0 0 0 0 0 PART I, LINE 2: ALL AWARDED GRANTS ARE PERFORMANCE DRIVEN AND REQUIRE MONTHLY/QUARTERLY REPORTS WITH PRE-DEFINED PERFORMANCE CRITERIA AND METRICS, TAILORED TO EACH PROJECT, WHICH ARE REQUIRED FOR CONTINUED FUNDING. PART III ACCOUNTING METHOD: X X X X 0 NY NY GALA 1725365 1261213 464152 68540 199053 84582 163795 LONDON 240169 124406 115763 27112 89228 12494 32429 277357 262406 14951 14951 2242891 1648025 594866 95652 288281 97076 211175 692184 -97318 X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA X LAND 1 33500 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND PROGRAM COORDINATOR. ONCE APPROVED, THE FORM 990 IS THEN PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. PRIOR TO FILING, THE COMPLETE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL CONFLICT OF INTEREST AS THEY ARISE, INCLUDING IF A CONFLICT IS EQUIVOCAL. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL NEW BOARD MEMBERS. BOARD MEMBERS SHALL NOT PARTICIPATE IN THE DECISION OF ANY MATTER IN WHICH THEY MAY HAVE A CONFLICT OF INTEREST; NOR SHALL THEY PARTICIPATE IN THE DISCUSSION OF SUCH A MATTER UNLESS THE NATURE OF THE CONFLICT HAS FIRST BEEN DISCLOSED TO THE OTHER PARTICIPANTS IN THE DISCUSSION. THE USUAL PROCEDURE SHOULD BE THAT THE MEMBER AFFECTED BY THE CONFLICT OF INTEREST ANNOUNCES THE EXISTENCE OF THE CONFLICT AND THE MINUTES REFLECT THE FACT THAT THE MEMBER DID NOT PARTICIPATE IN THE DECISION OF THE MATTER, NOR IN THE DISCUSSION, IF THAT BE THE CASE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AS REQUESTED AND ARE PROVIDED VIA MAIL OR ELECTRONIC COPY AS APPROPRIATE. FORM 990, PART IX, LINE 11G ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 23,481. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,481. SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 13,452. MANAGEMENT AND GENERAL EXPENSES 13,452. FUNDRAISING EXPENSES 13,451. TOTAL EXPENSES 40,355. DESIGN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 44,931. TOTAL EXPENSES 44,931. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 187,552. TOTAL EXPENSES 187,552. SPECIAL EVENTS DIRECTOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 92,033. TOTAL EXPENSES 92,033.