2017-11-15T18:48:39-06:00 2016-12-31 132781641 Mitchell & Titus LLP One Battery Park Plaza New York NY 10004 990 2016-01-01 455301968 HELLENIC INITIATIVE INC HELL 2129093239 601 LEXINGTON AVENUE FLOOR 35 NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 2129093239 2017-11-15 1 Frederick E Davis Jr P00446023 2127094500 144.121.106.186 2017-11-15 18:43:53 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7F1DFDCF091E22B21AB8D1D80F85041128AB9606 2016 2021-01-29 14:40:06Z George P Stamas 601 LEXINGTON AVENUE FLOOR 35 NEW YORK NY 10022 2290017 0 X www.thehellenicinitiative.org X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 43 43 2 0 0 0 1778735 1707497 0 0 20149 23785 0 0 1798884 1731282 2384388 1408218 0 0 303599 312869 97405 110000 428137 880405 695171 3665797 2526258 -1866913 -794976 3477730 2054959 1038345 399711 2439385 1655248 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 1677587 1408218 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. ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 1677587 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 1 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 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 200000 0 14023 200000 0 14023 1 0 1 0 MICHAIL PRINTZOS DAFNOMILI 12 ATHENS GR 114 71 PROGRAM DIRECTOR 149369 POULOS BROTHERS INC 236 ENCORE BLVD EASTPORT NY 11941 FUNDRAISERS 110000 2 1378033 329464 1707497 23785 23785 558735 1378033 558735 0 1731282 0 0 23785 X 233460 233460 1174758 1174758 200000 60000 100000 40000 80000 60000 20000 16138 16138 16731 16731 44570 44570 110000 110000 264543 149369 115174 11855 11855 38384 38384 2834 2834 89931 52493 37438 7502 7502 6708 6708 EVENT EXPENSES 228844 228844 2526258 1677587 420534 428137 43964 1813 1773904 284963 130000 219050 3243 20000 15000 24177 7502 0 16675 1506619 1517458 3477730 2054959 89345 96391 949000 303320 1038345 399711 X 2265686 1591549 173699 63699 2439385 1655248 3477730 2054959 -794976 10839 0 X 0 1 X 1 0 X 1401395 3424768 2707790 1778735 1707497 11020185 1401395 3424768 2707790 1778735 1707497 11020185 11020185 2 8890 19299 20149 23785 72125 11092310 0.99350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4176 835 3341 20001 6667 13334 16675 X 2136014 10839 393893 404732 1731282 0 1731282 2920151 393893 393893 2526258 0 2526258 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, 2016 AND 2015, 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 2013 UNDER FEDERAL AND STATE TAX JURISDICTIONS. 0 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium GRANTMAKING Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium MAINTAINING OFFICES PRORGRAM DIRECTOR 149369 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, GRANTMAKING Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium PROGRAM SERVICES VENTURE FAIR 0 0 0 0 0 0 149369 0 149369 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium REGENERATION PROGRAM - PROFESSIONAL DEVELOPMENT & TRAINING TO YOUNG GREEKS 240000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium OPERATING SUPPORT FOR CARDIAC CENTER IN HERAKLION CRETE WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium VENTURE GARDEN SUPPORTING BUDDING GREEK ENTREPRENEURS WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium DIATROFI PROGRAM TO PROVIDE ONE DAILY MEAL TO SCHOOL CHILDREN IN GREECE 33000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium CONSTRUCTION OF A TRANSIT CENTER FOR REFUGEED UNACCOMPANIED MINORS ON LESVOS 50000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium SUPPORT ABANDONED AND ORPHANED CHILDREN WITH A FAMILY ENVIRONMENT 150000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium CHILD IMMUNIZATION AND DENTAL TREATMENTS TO CHILDREN IN GREECE 120000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium MEDICAL TREATMENTS TO GREEKS WITH 47 RARE NEUROMUSCULAR DISORDERS WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium SUPPORT CHILDREN IN GREECE FACING POVERTY, DOMESTIC VIOLENCE, ETC 110000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium COMPANY PROGRAM TO TEACH CHILDREN THE BASICS OF STARTING A BUSINESS 25000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium BUSINESS INCUBATOR, ACCELERATOR, AND CO-WORKING SPACE 100000 WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium LIBRARY PROGRAM AND TWO INTERNSHIPS IN GREECE WIRE Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium VENTURE GARDEN SUPPORTING BUDDING GREEK ENTREPRENEURS WIRE East Asia and the Pacific INTERNSHIP PROGRAM FOR GREEK NATIONALS IN AUSTRALIA WIRE EUrope (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium SUPPORT FOR HIRING DOCTORS AND NURSES 46000 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 X 1 POULOS BROTHERS INC 236 ENCORE BOULEVARD EASTPORT NY 11941 0 1378033 110000 1268033 1378033 110000 1268033 DINNER BANQUET 1936768 1378033 558735 558735 1936768 1378033 558735 558735 558735 0 1 INTERNATIONAL ACCELERATOR 8121 BEE CAVE ROAD SUITE 100 AUSTIN TX 78746 800142392 23140 SPONSOR GREEK STARTUP DELEGATION AT 2016 SXSW INTERNATIONAL ORTHODOX CHRISTIAN CHARITIES INC 110 WEST ROAD SUITE 360 BALTIMORE MD 21204 251679348 501(C)(3) SPONSOR GREEK FRESH FOOD PROJECT MIT ENTERPRISE FORUM INC 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042921492 501(C)(3) SPONSOR ACCELERATOR BOOTCAMP CIEEE 300 FORE STREET PORTLAND ME 04101 134038907 501(C)(3) FELLOWSHIP PROGRAM ANGELOUE ECONOMICS 8121 BEE CAVE ROAD SUITE 100 AUTISM TX 78746 742757206 SPONSOR GREEK STARTUP DELEGATION AT 2015 SXSW 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 0 0 0 0 0 0 14023 0 214023 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 149,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 149,369. PAYROLL PROCESSING FEES: Program service expenses 0. Management and general expenses 1,230. Fundraising expenses 0. Total expenses 1,230. ADMINISTRATIVE SERVICES: Program service expenses 0. Management and general expenses 113,944. Fundraising expenses 0. Total expenses 113,944.