2020-11-16T11:49:15-06:00 2019-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2019-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2020-11-16 1 FREDERICK E DAVIS JR P00446023 2127094500 2020-11-16 209.150.43.50 2020-11-16 11:47:16 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0B62EAAA1A95CD301CAFFF7AA91D28B655474A1E 2019 2021-01-29 14:40:06Z GEORGE P STAMAS 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 2770596 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 43 43 0 0 0 0 2362221 2013596 0 0 13415 5447 0 211 2375636 2019254 795141 912395 0 0 329849 84061 166777 0 306737 1306632 959878 2598399 1956334 -222763 62920 1261439 1320114 336216 328357 925223 991757 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 395572 319253 CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS. ENTREPRENEURSHIP - BUILDING A NEW GENERATION OF BUSINESSES AND CIVIC LEADERS AND HELPING THEM NURTURE AND TRANSITION GOOD IDEAS INTO VIABLE BUSINESSES AND SOCIAL VENTURES. 734935 593142 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 1130507 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 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 43 43 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 MARIA ALLWIN BOARD MEMBER 0.50 X 0 0 0 DOUG BAND BOARD MEMBER 0.50 X 0 0 0 DRAKE BEHRAKIS BOARD MEMBER 1.00 X 0 0 0 JOHN CALAMOS SR BOARD MEMBER 0.50 X 0 0 0 ARIS CANDRIS BOARD MEMBER 0.50 X 0 0 0 JOHN CATSIMATIDIS BOARD MEMBER 0.50 X 0 0 0 JAMES CHANOS BOARD MEMBER 0.50 X 0 0 0 ACHILLES CONSTANTAKOPOULOS BOARD MEMBER 0.50 X 0 0 0 DEAN DAKOLIAS BOARD MEMBER 1.00 X 0 0 0 GEORGE DAVID BOARD MEMBER 1.00 X 0 0 0 JEREMY DOWNWARD BOARD MEMBER 2.00 X 0 0 0 WILLIAM DOUCAS BOARD MEMBER 0.50 X 0 0 0 JOHN D GEORGES BOARD MEMBER 0.50 X 0 0 0 ARIANNA HUFFINGTON BOARD MEMBER THRU DEC 31 0.50 X 0 0 0 CONSTANTINE KARIDES BOARD MEMBER 1.00 X 0 0 0 ALEX KARLOUTSOS BOARD MEMBER 0.50 X 0 0 0 DECLAN KELLY BOARD MEMBER 0.50 X 0 0 0 MUHTAR KENT BOARD MEMBER 0.50 X 0 0 0 SAVAS KONSTANTINIDES BOARD MEMBER 0.50 X 0 0 0 JOHN KOUDOUNIS BOARD MEMBER 0.50 X 0 0 0 ELENI KOUNALAKIS BOARD MEMBER 0.50 X 0 0 0 NICHOLAS LAZARES BOARD MEMBER 1.00 X 0 0 0 THEODORE LEONSIS BOARD MEMBER 0.50 X 0 0 0 GEORGE LOGOTHETIS BOARD MEMBER 1.00 X 0 0 0 ALEXANDER MACRIDIS BOARD MEMBER THRU DEC 31 0.50 X 0 0 0 GEORGE MARCUS BOARD MEMBER 0.50 X 0 0 0 PANOS MARINOPOULOS BOARD MEMBER 0.50 X 0 0 0 DENNIS MEHIEL BOARD MEMBER 2.00 X 0 0 0 CORINNE MENTZELOPOULOS BOARD MEMBER 1.00 X 0 0 0 DEAN METROPOULOS BOARD MEMBER 0.50 X 0 0 0 NICK MITAROS BOARD MEMBER 0.50 X 0 0 0 NIKOS MOUYIARIS BOARD MEMBER THRU DEC 31 1.00 X 0 0 0 ALEXANDER NAVAB BOARD MEMBER THRU DEC 31 1.00 X 0 0 0 JOHN PAPPAJOHN BOARD MEMBER 1.00 X 0 0 0 NICHOLAS G PAPPAS BOARD MEMBER 0.50 X 0 0 0 MICHAEL PSAROS BOARD MEMBER 0.50 X 0 0 0 GEORGE SAKELLARIS BOARD MEMBER 0.50 X 0 0 0 NIKOS STATHOPOULOS BOARD MEMBER 0.50 X 0 0 0 GEORGE SVOKOS BOARD MEMBER 1.00 X 0 0 0 OLGA J TSUNIS BOARD MEMBER 0.50 X 0 0 0 HARRY WILSON 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 CHRIS CHRISAFIDES CO-SECRETARY 1.00 X 0 0 0 LOUIS VEGA CO-SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 POULOS BROTHERS INC 236 ENCORE BLVD EASTPORT NY 11941 DIRECTOR FEES 199980 IMPETUS SERVICES 17 DIMOSTHENI ST NICOSIA CY PROGRAM DIRECTOR 155118 2 1409165 604431 2013596 6845 6845 1398 -1398 -1398 -1398 749944 1409165 749944 0 OTHER INCOME 900099 211 211 211 2019254 -1398 0 7056 X 13000 13000 899395 899395 78003 78003 6058 6058 199981 59994 99990 39997 14892 14892 72000 72000 387466 155118 140690 91658 27188 27188 76586 3000 12456 61130 10554 10554 38299 38299 39526 39526 835 835 5787 5787 EVENT EXPENSES 86764 86764 1956334 1130507 519090 306737 1766 22840 638300 1014625 166400 38602 5500 5500 24177 23341 1671 836 418905 237711 28897 0 1261439 1320114 312716 313357 23500 15000 336216 328357 X 861524 991757 63699 0 925223 991757 1261439 1320114 62920 3614 0 X 0 1 X 1 0 X 1778735 1707497 1889724 2362221 2013596 9751773 1778735 1707497 1889724 2362221 2013596 9751773 9751773 20149 23785 12477 14042 6845 77298 211 211 9829282 0.99210 0.99150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4176 3340 836 20001 20001 0 836 X 2022868 3614 3614 2019254 0 2019254 1956334 0 1956334 0 1956334 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, 2019 AND 2018, 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. 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 TO SUPPORT THE REGENERATION PROGRAM WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TRANSIT ACCOMMODATION FACILITIES FOR REFUGEES ON THE GREEK ISLANDS 13025 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT MDA HELLAS UNIT IN NORTHERN GREECE AIDING PEOPLE SUFFERING FROM RARE MYOSKELETASL DISEASES 19500 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE OPERATIONS OF THE CARDIAC SURGERY DEPT. WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO BRING INVESTMENT IN GREECE AND SUPPORT YOUTH GREEK ENTREPRENEURSHIP WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SCHOLARSHIPS TOWARDS GREEK AND CYPRIOT ATHLETES AS THEY PREPARE FOR THE TOKYO GAMES 48997 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT ELPIDA HOSPITAL AND HELP THEM OFFER STATE OF THE ART PRECISION-BASED MEDICAL TREATMENTS FOR CHILDREN FIGHTING CANCER 50000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE 3RD DELPHI ECONOMIC FORUM 25000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM HELP STARTUPS FROM GREECE TO ATTEND THE ACCELERATE GREECE PROGRAM IN CALIFORNIA 12587 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO FUND THE OPERATIONS OF "ACTION FOR WOMEN - ATHENA CENTER" ON CHIOS WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE OPERATIONS OF THE ORGANIZATION WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROMOTE THE GREEK-AMERICAN HERITAGE AND GREEK CULTURE WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROMOTE THE CONCEPT OF PALLIATIVE CARE IN GREECE WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT FOR THE DONATION OF MEDICINE TO PATIENTS IN NEED 15000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO EMPOWER THE GLOBAL MOVEMENT OF THI WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT AN ACCELERATOR PROGRAM FOR NONPROFITS 15000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT MOBILE LAUNDRY UNITS CLEANING THE CLOTHES OF THE HOMELESS AND THE REFUGEES LIVING IN THE STREETS OF ATHENS 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TO THE FIRE DEPARTMENT IN MATI WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM COVERED PART OF THE SALARIES OF A CHILD PSYCHIATRIST AND A PSYCHOLOGIST WORKING WITH CHILDREN REFUGEES SUPPORTED BY THE NONPROFIT 16200 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TOWARDS THE JUNIOR ACHIEVEMENT COMPETITION IN GREECE 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TO SOCIAL INNOV FOR THE 2018 THESSALONIKI INTERNATIONAL FAIR 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 110, AG. POLYKARPOU STR., 118 55 THENS, GREECE DONATION OF 1 PICK UP TRUCK EQUIPPED WITH FIRE FIGHTING CAPABILITIES 51530 WIRE 4-6 SOLOMOU & STRATIGI ST., NEO PSYCHIKO, GR 15451 HELP FIGHT GREECE'S SHRINKING POPULATION PROBLEM BY AIDING PREGNANT WOMEN ON ISLANDS AND OTHER REMOTE AREAS TO GIVE BIRTH 30000 WIRE 3 ZINODOROU ST, 104 42 ATHENS GREECE ALLOWANCES TO SINGLE-PARENT FAMILIES 20000 WIRE 331-337 S. END AVE, NEW YORK, NY 10280 SUPPORT TOWARD BEACH CLEAN UP ON THE ISLANDS AND BEACHES OF GREECE 5000 WIRE 13 PINDAROU ST., ATHENS GREECE HELPED A TEAM OF RIB BOATS VISIT THE GREEK ISLANDS AND PROVIDE MUCH-NEEDED HELP FOR THE LOCAL SOCIETIES (HEALTHCARE SERVICES, INFRASTRUCTURE ETC.) 10000 WIRE 3-5 ANAXAGORA ST. ATHENS GREECE HELP CLEAN ATHENS CITY CENTER FROM GRAFFITI AND TAGS, THEREFORE, BOOSTING BUSINESS FOR 100 NEARBY SHOPS AND OTHER BUSINESSES 15000 WIRE 18 ANTINOU ST. 2034 NICOSIA CYPRUS HELP COMMERCIALIZE R&D RESULTS STEMMING FROM CYPRUS UNIVERSITIES AND OTHER ACADEMIC RESEARCH INSTITUTIONS 120000 WIRE 81 PATRIARCHOU, IOAKEM ST, PIRAEUS 185 38 GREECE SUPPORT GREECE'S ONLY SCHOOL FOR PROFESSIONAL FISHERMEN 20000 WIRE 9 ELDON ST.. LONDON EC2M 7LS UNITED KINGDOM SUPPORTING UNEMPLOYED YOUTH THROUGHOUT GREECE 51836 WIRE 2 PARADEISOU ST 15125 MAROUSI GREECE SUPPORT TOWARDS THE COUNTRY'S LARGEST INTERNSHIP/JOB CREATION PROGRAM TARGETING YOUNG AND TALENTED GREEKS 125000 WIRE PO BOX 685289 AUSTIN TX 78768 AID TO STARTUPS THAT HELPED THEM PICK UP THE COSTS ASSOCIATED WITH HAVING A GREEK BOOTH AT THE SXSW CONFERENCE IN AUSTIN, TX 44286 WIRE 3661 DANIELLE COURT, NORTH LIBERTY, IA 52317 ORGANIZE THE ATHENS VENTURE FAIR, THE ONLY US-STYLE PITCHING EVENT FOR GREEK STARTUPS 66433 WIRE 6-8 XENIAS STR 115 28 ATHENS GREECE SPONSORSHIP TOWARDS THE VENTURE GARDEN PROGRAM RUN BY ALBA IN ATHENS 37500 60 KENNEDY ST 555 10 PYLEA THESSALONIKI GREECE SPONSORSHIP TOWARDS THE VENTURE GARDEN PROGRAM RUN BY ANATOLIA IN THESSALONIKI 37500 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 DINNER BANQUET 1814167 1239344 574823 366990 55168 152665 LONDON EVENT 303095 151921 151174 80629 28886 41659 41847 17900 23947 23947 2159109 1409165 749944 471566 84054 194324 749944 0 1 FEDERATION OF HELLENIC SOCIETIES OF GREATER NEW YORK 22-51 29TH STREET ASTORIA NY 11105 112931965 10000 TO PROMOTE THE GREEK-AMERICAN HERITAGE WASHINGTON OXI DAY FOUNDATION 1100 NEW HAMPSHIRE AVE NW WASHINGTON DC 20037 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 PROGRAM DIRECTOR FEES: PROGRAM SERVICE EXPENSES 155,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,118. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 74,836. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,836. SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 26,947. TOTAL EXPENSES 26,947. DESIGN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 65,854. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,854. STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 64,711. TOTAL EXPENSES 64,711.