2021-11-15T19:06:44-06:00 2020-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2020-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2021-11-15 1 GEORGE STAMAS 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GEORGE P STAMAS 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 2931680 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 39 39 1 0 0 0 2013596 1275160 0 0 5447 5400 211 1414545 2019254 2695105 912395 752639 0 0 84061 96443 0 0 362093 959878 884270 1956334 1733352 62920 961753 1320114 2057415 328357 96305 991757 1961110 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 281069 222482 CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS. 379242 300192 ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES. 290522 229966 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 950833 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 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 NICHOLAS LAZARES BOARD MEMBER 1.00 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 SAVAS KONSTANTINIDES 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 1275160 1275160 3809 3809 1591 0 1591 1591 1591 1651120 236575 1414545 1414545 2695105 1591 0 1418354 X 6000 6000 746639 746639 89593 71674 17919 6850 5480 1370 348780 188796 99990 59994 9137 9137 72000 72000 289509 9398 25182 254929 11722 11722 67919 51728 16191 21764 21764 35222 35222 256760 20217 236543 836 836 INSURANCE - LIABILITY, 6421 6421 HEALTH INSURANCE EXPENS 775 775 DIRECT EXPENSES - FUND -236575 -236575 1733352 950833 420426 362093 22840 16346 1014625 928478 38602 467238 5500 45500 24177 24177 836 0 237711 599853 1320114 2057415 313357 96305 15000 0 328357 96305 X 991757 1961110 991757 1961110 1320114 2057415 961753 7600 0 X 0 1 X 1 0 X 1707497 1889724 2362221 2013596 2926280 10899318 1707497 1889724 2362221 2013596 2926280 10899318 10899318 23785 12477 14042 6845 3809 60958 211 211 10960487 0.99440 0.99210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4176 4176 0 20001 20001 0 0 X 2939280 7600 236575 244175 2695105 0 2695105 1969927 236575 236575 1733352 0 1733352 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, 2020 AND 2019, 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 2D - 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 SUPPORT EARLY CANCER SCREENING 35000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT HOSPITAL AND HELP THEM OFFER STATE OF THE ART PRECISION-BASED MEDICAL TREATMENTS 15000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT GREEK YOUTH AND HELP THEM OFFER PERFORMANCES 25000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT GREEK YOUTH AND HELP THEM OFFER PERFORMANCES 15000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SCHOLARSHIPS TOWARDS GREEK AND CYPRIOT ATHLETES AS THEY PREPARE FOR THE OLYMPIC GAMES 50000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TRANSIT ACCOMMODATION FACILITIES FOR REFUGEES ON THE GREEK ISLANDS 4482 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT ENVIROMENTAL AND OCCUPATIONAL HEALTH PROGRAMS 45000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORTERS OF THE ORGANIZATION'S HELPLINE AIDING PEOPLE LOOKING FOR SUPPORT WHEN FACED WITH MENTAL HEALTH ISSUES 3000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORTERS OF THE ORGANIZATION'S HELPLINE AIDING PEOPLE LOOKING FOR SUPPORT WHEN FACED WITH MENTAL HEALTH ISSUES 30000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELP CLEAN ATHENS CITY CENTER FROM GRAFFITI AND TAGS, THEREFORE, BOOSTING BUSINESS FOR 100 NEARBY SHOPS AND OTHER BUSINESSES 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SPONSORSHIP TOWARDS THE COUNTRY TO REPRESENT ETHNIC AND ECOMOMIC PRIDE. 2000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT OPERATIONS OF MUSEUM 2966 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELP COMMERCIALIZE R&D RESULTS STEMMING FROM CYPRUS UNIVERSITIES AND OTHER ACADEMIC RESEARCH INSTITUTIONS 60000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SPONSORSHIP TOWARDS THE COUNTRY'S LARGEST ECONOMIC FORUM 5000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TOWARDS THE COUNTRY'S LARGEST INTERNSHIP/JOB CREATION PROGRAM TARGETING YOUNG AND TALENTED GREEKS 150000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORTERS OF THE ORGANIZATION'S HELPLINE AIDING PEOPLE LOOKING FOR SUPPORT WHEN FACED WITH MENTAL HEALTH ISSUES 18750 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SPONSORSHIP TOWARDS THE VENTURE GARDEN PROGRAM RUN BY ANATOLIA IN THESSALONIKI 18750 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM ORGANIZE THE ATHENS VENTURE FAIR, THE ONLY US-STYLE PITCHING EVENT FOR GREEK STARTUPS 256692 WIRE 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 1 VIRTUAL GALA 1504200 1504200 8106 9696 208294 1 146920 146920 10479 1651120 1651120 10479 8106 9696 208294 236575 1414545 1 AMERICAN HELLENIC INSTITUTE 521006027 3000 HELP STARTUPS FROM GREECE TO ATTEND THE PROGRAM OXI DAY FOUNDATION 453059221 3000 SPONSORSHIP TOWARDS THE COUNTRY TO REPRESENT ETHNIC AND ECOMOMIC PRIDE. 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. 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 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 SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 9,398. MANAGEMENT AND GENERAL EXPENSES 9,398. FUNDRAISING EXPENSES 9,398. TOTAL EXPENSES 28,194. DESIGN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 63,381. TOTAL EXPENSES 63,381. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 112,500. TOTAL EXPENSES 112,500. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,413. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,413. RESEARCH: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,371. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,371. SPECIAL EVENTS DIRECTOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 76,865. TOTAL EXPENSES 76,865. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES -7,215. TOTAL EXPENSES -7,215.