2019-11-19T09:56:07-06:00 2018-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2018-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2019-11-19 1 FREDERICK E DAVIS JR P00446023 2127094500 38.104.190.50 2019-11-19 09:47:51 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BAF9C2179A8149247AB72ACAACFD07EE1F05E142 2018 2020-03-31 21:24:44Z GEORGE P STAMAS 135 E 57TH ST FLOOR 14 NEW YORK NY 10022 3138119 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 43 43 2 0 0 0 1889724 2362221 0 0 12477 13415 0 0 1902201 2375636 1241963 795141 0 0 307136 329849 110000 166777 1034737 747997 1306632 2407096 2598399 -504895 -222763 1519829 1261439 364167 336219 1155662 925220 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 439140 350100 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. 558364 445041 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 997504 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 2 1 0 0 0 0 0 1 1 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 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 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 1.00 X 0 0 0 ALEXANDER NAVAB BOARD MEMBER 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 MARK AREY EXECUTIVE DIRECTOR 40.00 X 250000 0 0 250000 0 0 1 0 1 0 POULOS BROTHERS INC 236 ENCORE BLVD EASTPORT NY 11941 FUNDRAISERS 166777 IMPETUS SERVICES 17 DIMOSTHENI ST NICOSIA CY PROGRAM DIRECTOR 142363 2 1819769 542452 2362221 14042 14042 627 -627 -627 -627 761856 1819769 761856 0 2375636 -627 0 14042 X 67500 67500 727641 727641 250000 60000 150000 40000 46898 46898 18202 18202 14749 14749 18849 18849 50590 50590 166777 166777 275622 142363 133259 13303 13303 40983 6882 34101 22119 22119 40706 40706 50068 50068 7501 7501 6335 6335 EVENT EXPENSES 780556 780556 2598399 997504 566158 1034737 2095 1766 692725 638300 136900 166400 5500 5500 24177 22506 9172 1671 673437 418905 0 28897 1519829 1261439 111667 312719 252500 23500 364167 336219 X 1091963 861521 63699 63699 1155662 925220 1519829 1261439 -222763 -7677 0 X 0 0 0 X 2707790 1778735 1707497 1889724 2362221 10445967 2707790 1778735 1707497 1889724 2362221 10445967 10445967 19299 20149 23785 12477 14042 89752 10535719 0.99150 0.99270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4176 2505 1671 20001 20001 0 1671 X 2367958 -7677 -7677 2375635 0 2375635 2598399 0 2598399 0 2598399 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, 2017 AND 2016, 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 2015 UNDER FEDERAL AND STATE TAX JURISDICTIONS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 CRISIS RELIEF AND ECONOMIC DEVELOPMENT 807641 0 2 0 0 0 2 807641 0 807641 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE REGENERATION PROGRAM 50000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GRANT TO COVER OPERATIONS OF THE SAMOS TRANSIT ACCOMMODATION FACILITY 125000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT OPERATIONS OF THE GREEK MUSCLAR DYSTROPHY ASSOCIATION 19500 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE OPERATIONS OF THE CARDIAC SURGERY DEPT. 75100 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO BRING INVESTMENT IN GREECE AND SUPPORT YOUTH GREEK ENTREPRENEURSHIP 50000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM FUNDING TO THE OLYMPIC ATHLETES AS THEY PREPARE FOR TOKYO 2020 GAMES 54287 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT OF THE "THERAPEUTIC RECREATIONAL SUMMER CAMP PROGRAM" 32400 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE 3RD DELPHI ECONOMIC FORUM 15000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO DRIVE INNOVATION IN GREECE BY SUPPORTING ENTREPRENEURS 14566 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO FUND THE OPERATIONS OF "ACTION FOR WOMEN - ATHENA CENTER" ON CHIOS 30000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE OPERATIONS OF THE ORGANIZATION 17000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROMOTE THE GREEK-AMERICAN HERITAGE AND GREEK CULTURE 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO PROMOTE THE CONCEPT OF PALLIATIVE CARE IN GREECE 30000 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 2955 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO REINFORCE NGOS IN GREECE THROUGH CAPACITY BUILDING 25000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE MOBILE LAUNDRY FOR THE HOMELESS OF ATHENS 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TO THE FIRE DEPARTMENT IN MATI 50000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT SERVICES TO UNACCOMPANIED REFUGEE MINORS IN GREECE 16200 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO SUPPORT THE EDUCATIONAL PROGRAMS ON ENTREPRENEURSHIP, FINANCIAL LITERACY AND SKILLS BUILDING IN GREEK SCHOOLS. 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT TO SOCIAL INNOV FOR THE 2018 THESSALONIKI INTERNATIONAL FAIR 10000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GRANT TO SUPPORT THE "FOOD RELIEF" PROGRAM 7500 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. X X X X 1 POULOS BROTHERS INC 236 ENCORE BOULEVARD EASTPORT NY 11941 0 1390226 166777 1223449 1390226 166777 1223449 DINNER BANQUET 1959488 1408510 550978 386795 42500 121683 LONDON EVENT 622137 411259 210878 143838 27909 39131 2581625 1819769 761856 530633 70409 160814 761856 0 1 INTERNATIONAL ACCELERATOR 8121 BEE CAVE ROAD SUITE 100 AUSTIN TX 78746 800142392 25000 TO SUPPORT GREEK STARTUPS IN PARTICIPATING AT SXSW 2018 INTERNATIONAL ORTHODOX CHRISTIAN CHARITIES INC 110 WEST ROAD SUITE 360 BALTIMORE MD 21204 251679348 501(C)(3) 25000 TO SUPPORT GREEK STARTUPS IN PARTICIPATING AT SXSW 2018 FEDERATION OF HELLENIC SOCIETIES OF GREATER NEW YORK 22-51 29TH STREET ASTORIA NY 11105 112931965 10000 TO PROMOTE THE GREEK-AMERICAN HERITAGE NATIONAL HELLENIC STUDENT ASSOCIATION OF NORTH AMERICA INC 99 BATTERY PLACE 8D NEW YORK NY 10280 464266982 7500 TO SUPPORT BEACH CLEAN UP IN GREECE 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 MARK AREY EXECUTIVE DIRECTOR 200000 0 50000 0 0 0 0 0 0 0 250000 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 142,363. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,363. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,390. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,390. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,499. AUDIT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,000. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 68,089. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,089. SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,331. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,331. AUCTION SERVICE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,950.