2025-11-17T16:28:13-06:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 455301968 HELLENIC INITIATIVE INC HELL 6469261972 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 GEORGE P STAMAS CO-PRESIDENT 6469261972 2025-11-17 1 0 QIAN ZHANG P01306575 2127094500 2025-11-17 2024 2025-03-06 01:10:19Z GEORGE P STAMAS 750 LEXINGTON AVE 9TH FLOOR NEW YORK NY 10022 3782637 0 X WWW.THEHELLENICINITIATIVE.ORG X 2012 DE TO UNDERTAKE CHARITABLE AND HUMANITARIAN ACTS AND SERVICES IN GREECE. 41 41 2 41 0 0 3241744 2823564 0 0 37433 76043 -163122 -225389 3116055 2674218 1131596 1344488 0 0 169266 114294 0 0 1062755 1370222 1865428 2671084 3324210 444971 -649992 3621638 2855442 312846 187182 3308792 2668260 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 919252 789582 0 CRISIS RELIEF - SUPPORTING HIGH-IMPACT NONPROFIT ORGANIZATIONS THAT ARE PROVIDING A CRITICAL SAFETY NET TO FAMILIES AFFECTED BY THE ECONOMIC CRISIS. 387105 332500 0 ECONOMIC DEVELOPMENT - MOBILIZING INVESTMENT CAPITAL TO REINVIGORATE GREECE'S ECONOMY WHILE CHARTING A PATH TO ITS LONG-TERM PROSPERITY. 258931 222406 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. 1565288 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 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 0 0 X 41 41 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 ACHILLES CONSTANTAKOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 ALEX KARLOUTSOS BOARD MEMBER 0.50 0.00 X 0 0 0 ARIS CANDRIS BOARD MEMBER 0.50 0.00 X 0 0 0 CONSTANTINE KARIDES BOARD MEMBER 1.00 0.00 X 0 0 0 CORINNE MENTZELOPOULOS BOARD MEMBER 1.00 0.00 X 0 0 0 CONSTANTINE DAKOLIAS BOARD MEMBER 0.50 0.00 X 0 0 0 DEAN METROPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 DENNIS MEHIEL BOARD MEMBER 2.00 0.00 X 0 0 0 DIMITRIS GEORGAKOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 DRAKE BEHRAKIS BOARD MEMBER 1.00 0.00 X 0 0 0 ELENI KOUNALAKIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE DAVID BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE FRAZIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE LOGOTHETIS BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE MARCUS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE SVOKOS BOARD MEMBER 1.00 0.00 X 0 0 0 HARRY WILSON BOARD MEMBER 0.50 0.00 X 0 0 0 JAMES NEARY BOARD MEMBER 0.50 0.00 X 0 0 0 JEREMY DOWNWARD BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN KOUDOUNIS BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN CALAMOS SR BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN CATSIMATIDIS BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN D GEORGES BOARD MEMBER 0.50 0.00 X 0 0 0 MARIA ALLWIN BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL PSAROS BOARD MEMBER 0.50 0.00 X 0 0 0 NICHOLAS G PAPPAS BOARD MEMBER 0.50 0.00 X 0 0 0 NICHOLAS ALEXOS BOARD MEMBER 0.50 0.00 X 0 0 0 NICK MITAROS BOARD MEMBER 0.50 0.00 X 0 0 0 NIKOS KOUMETTIS BOARD MEMBER 0.50 0.00 X 0 0 0 NIKOS STATHOPOULOS BOARD MEMBER 0.50 0.00 X 0 0 0 THEODORE LEONSIS BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM DOUCAS BOARD MEMBER 0.50 0.00 X 0 0 0 ANDREW LIVERIS CHAIRMAN & CO-PRESIDENT 1.00 0.00 X X 0 0 0 GEORGE STAMAS CO-PRESIDENT 10.00 0.00 X X 0 0 0 CATERINA PAPOULIAS-SAKELLARIS BOARD MEMBER 0.50 0.00 X 0 0 0 GEORGE ANDERSON BOARD MEMBER 0.50 0.00 X 0 0 0 PERICLES NAVAB BOARD MEMBER 0.50 0.00 X 0 0 0 PETER BARRIS BOARD MEMBER 0.50 0.00 X 0 0 0 THEANE EVANGELIS BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM BILL SPELL BOARD MEMBER 0.50 0.00 X 0 0 0 MUHTAR KENT BOARD MEMBER 0.50 0.00 X 0 0 0 PETER POULOS EXECUTIVE DIRECTOR 40.00 0.00 X 80000 0 0 80000 0 0 0 0 0 0 0 1223360 1600204 2823564 76043 76043 883030 1223360 1108419 -225389 -225389 2674218 0 0 -149346 X 1344488 1344488 80000 64000 16000 34294 27435 6859 640923 220800 255804 164319 26340 26340 359574 35111 324463 28083 28083 99381 99381 6903 6903 45820 45820 637976 114945 523031 5428 5428 PROVISION FOR BAD DEBT 15000 15000 3324210 1565288 696167 1062755 26240 3283 1884960 1086345 414863 204561 5500 71400 39036 5536 33500 33500 1256575 1456353 3621638 2855442 312846 187182 312846 187182 X 3308792 2668260 3308792 2668260 3621638 2855442 -649992 9460 0 X 0 1 X 1 0 X 2926280 2754508 2744630 3241744 2823564 14490726 2926280 2754508 2744630 3241744 2823564 14490726 14490726 3809 4666 32943 37433 76043 154894 14645620 0.98940 0.99380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33500 33500 5536 5536 0 33500 X 2909067 9460 9460 2899607 -225389 -225389 2674218 3549599 225389 225389 3324210 0 3324210 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, 2024 AND 2023, 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 2021 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) SUPPORTING STARTUPS. 14296 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORTING BUSINESSES WITH MICROLOANS. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) ESTABLISHMENT OF A TORTOISE REHABILITATION CENTRE & PURCHASING OF EQUIPMENT WILD ANIMAL CARE. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT THE ORGANIZATIONS EMERGENCY FOOD FUND - PURCHASE OF FOOD ITEMS EQUIVALENT TO 420,000 MEALS AND 70,000 GLASSES OF MILK. 90000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PURCHASE A SLIGHTLY USED SCHOOL BUS. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT TRAINING PROGRAMS FOR PUBLIC OFFICIALS IN THE FIELD OF CHILD PROTECTION. 40000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT HOSPITAL FOR CHILDREN FIGHTING CANCER. 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT PROFESSIONAL GROWTH OF CHILDREN AGED 16 TO 18 LIVING IN CLOSED CHILD PROTECTION FACILITIES. 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT "BABY BANK" PROGRAM AN INITIATIVE AIMED TO COMBAT CHILD POVERRTY BY SUPPLYING ESSENTIAL BABY ITEMS TO FAMILIES IN EXTREME NEED. 22263 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT THE ORCHESTRA'S DEBUT CONCERT AT CARNEGIE HALL. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT PROGRAM EMPOWERING YOUTH EMPLYABILITY IN THE REGION. 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT IN LAUNCHING TAILOR MADE VOLUNTEERING ACTIVITY PROGRAM FOR PEOPLE VISITING GREECE. 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT LAUNCH OF CENTRE OFFERING VOCATIONAL TRAINING FOR BLUE COLLAR JOBS. 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT 45 KINDERGARTEN STUDENTS WITH OVER 5,000 SCHOOL MEALS. 10600 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) CREATION OF 6-MONTH PAID INTERNSHIPS IN SOME OF GREECE'S LARGEST COMPANIES. 207500 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT FAMILY STRENGTHENING PROGRAMS IN THE CITIES OF ALEXANDROUPOLIS AND PATRAS IN GREECE. 50000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT PRIZE ON ENTREPRENEURSHIP COMPETITION. 25000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) EMPOWEREMENT OF UNDERPRIVILIGED YOUTH THROUGH SPORTS. 136664 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) CLASSROOM BASED ENTREPRENEURSHIP COURSES FOR EARLY STAGE COMPANIES. 23110 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT STARTUPS WITH AWARDS. 110000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) DONATION OF 5 PICK UP TRUCKS TO GREEK FIRE SERVICE. 140055 WIRE 0 0 21 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 0 NY NY GALA 1583019 1063623 519396 67665 395009 124387 122497 LONDON GALA 308290 55583 252707 3895 213619 39087 28878 2 215081 104154 110927 1854 109927 1000 600 2106390 1223360 883030 73414 718555 164474 151975 1108418 -225388 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 DESIGN SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,720. FUNDRAISING EXPENSES 42,878. TOTAL EXPENSES 53,598. EVENTS ASSISTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 35,271. TOTAL EXPENSES 35,271. INTERNATIONAL AMBASSADORS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 144,260. TOTAL EXPENSES 144,260. MEDIA: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 10,000. TOTAL EXPENSES 10,000. RESEARCH: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 21,848. TOTAL EXPENSES 21,848. SOCIAL MEDIA SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 70,206. TOTAL EXPENSES 70,206. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,380. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,380. COPY EDITOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,011. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,011.