FAITH AN ENDOWMENT FOR ORTHODOXY AND HELLENISM

EIN: 200359862 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$1,155,704
Total Expenses
$694,051
Total Assets
$27,523,629
Net Assets
$27,499,129
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
ELAINE JAHARIS
Phone
2128039328
Tax Period
2024-01-01 to 2024-12-31

FAITH AN ENDOWMENT FOR ORTHODOXY AND HELLENISM, founded in 2003, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $462K, a strong 40% operating margin.

Mission

FAITH AN ENDOWMENT FOR ORTHODOXY AND HELLENISM MISSION IS TO PROMOTE HELLENISM, SUPPORT THE GREEK ORTHODOX FAITH, AND CELEBRATE EXCELLENCE IN EDUCATION FOR FUTURE GENERATIONS. SUPPORTING PROGRAMS AND SCHOLARSHIP INITIATIVES TO EDUCATE AND RAISE AWARENESS ABOUT HELLENISM AND THE GREEK ORTHODOX FAITH THROUGHOUT THE GREEK ORTHODOX ARCHDIOCESE OF AMERICA AND THE WORLD. CHALLENGING YOUNG, TALENTED, AND INTELLIGENT GREEK AMERICANS TO ATTAIN (AND SUSTAIN) EXCELLENCE BY OFFERING A SERIES OF MERIT-BASED COLLEGE SCHOLARSHIPS TO THE MOST PROMISING YOUNG LEADERS OF THE HELLENIC AND GREEK ORTHODOX COMMUNITIES. PARTNERING WITH TOP ACADEMIC INSTITUTIONS (SUCH AS THE FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY, FULBRIGHT FOUNDATION OF GREECE, HELLENIC COLLEGE HOLY CROSS PRESS, PATRIARCHAL INSTITUTE OF THESSALONIKI) TO SUPPORT THE ADVANCEMENT OF HELLENISM AND THE GREEK ORTHODOX FAITH AS WELL SCHOLARLY EXCHANGES AND DIALOGUES BETWEEN GREECE, THE UNITED STATES AND WORLDWIDE.

Program Service Accomplishments

Program 1
Expenses: $592,775

SUPPORTING PROGRAMS AND INITIATIVES TO EDUCATE AND RAISE AWARENESS ABOUT HELLENISM AND THE GREEK ORTHODOX FAITH THROUGHOUT THE GREEK ORTHODOX ARCHDIOCESE OF AMERICA AND THE WORLD.SUPPORTING YOUNG...

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SUPPORTING PROGRAMS AND INITIATIVES TO EDUCATE AND RAISE AWARENESS ABOUT HELLENISM AND THE GREEK ORTHODOX FAITH THROUGHOUT THE GREEK ORTHODOX ARCHDIOCESE OF AMERICA AND THE WORLD.SUPPORTING YOUNG, TALENTED, AND INTELLIGENT GREEK AMERICANS TO ATTAIN (AND SUSTAIN) EXCELLENCE BY OFFERING A SERIES OF MERIT-BASED COLLEGE SCHOLARSHIPS TO THE MOST PROMISING YOUNG LEADERS OF THE HELLENIC AND GREEK ORTHODOX COMMUNITY.PARTNERING WITH TOP ACADEMIC INSTITUTIONS (SUCH AS THE FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY, FULBRIGHT FOUNDATION OF GREECE, HELLENIC COLLEGE HOLY CROSS PRESS, PATRIARCHAL INSTITUTE OF THESSALONIKI) TO SUPPORT THE ADVANCEMENT OF HELLENISM AND THE GREEK ORTHODOX FAITH AS WELL SCHOLARLY EXCHANGES AND DIALOGUES BETWEEN GREECE, THE UNITED STATES AND WORLDWIDE.GRANTING SUPPORT FOR INITIATIVES AND PROJECTS THAT SHOWCASE THE LEGACY OF HELLENISM AND THE GREEK ORTHODOX FAITH WITH THE WORLD. FAITH HAS GENEROUSLY PROVIDED LEAD DONOR SUPPORT TO PROJECTS AND EVENTS SYMBOLIZING THE HISTORY OF OUR COMMUNITY SUCH AS THE REBUILDING OF THE ST. NICHOLAS GREEK ORTHODOX CHURCH AT GROUND ZERO, THE IMVROS SCHOOL, AND THE PATRIARCHAL INSTITUTE FOR PATRISTIC STUDIES.ENRICHING THE CLASSROOMS OF GREEK LANGUAGE PROGRAMS AND PARISH SCHOOLS NATIONWIDE BY UNDERWRITING THE PRODUCTION OF MULTIMEDIA RESOURCES AND THE PUBLICATION AND DISTRIBUTION OF NEW TEXTBOOKS TO UPDATE AND ENHANCE THE CLASSROOMS FOR OUR YOUNGEST CHILDREN AND THEIR TEACHERS.PROVIDING FINANCIAL AID GRANTS FOR YOUNG PEOPLE TO TRAVEL TO GREECE TO LEARN MORE ABOUT THEIR HELLENIC HERITAGE AND GREEK ORTHODOX FAITH THROUGH IONIAN VILLAGE SUMMER CAMP. FOR OVER THE LAST DECADE, THE ENDOWMENT HAS UNDERWRITTEN PARTIAL AND FULL TRAVEL GRANTS TO YOUNG GREEK AMERICANS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO ATTEND.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,155,704
Other Revenue $0
TOTAL REVENUE $1,155,704

Expense Breakdown

Grants Paid $486,000
Salaries & Benefits $161,015
Fundraising Expenses $0
Program Expenses $592,775
Other Expenses $47,036
TOTAL EXPENSES $694,051

Year-over-Year Comparison

2024 2023 Change
Revenue $1,155,704 $1,140,621 +0.0%
Expenses $694,051 $612,552 +0.1%
Net Income $461,653 $528,069 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$149,500
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE JAHARIS PRESIDENT 5.00
Officer Director
$0 $0 $0
GEORGE BEHRAKIS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
PETER VLACHOS CO-TREASURER 2.00
Officer Director
$0 $0 $0
ZOE VLACHOS CO-TREASURER 2.00
Officer Director
$0 $0 $0
JAMES MOSHOVITIS BOARD MEMBER (THROUGH 12/24) 1.00
Director
$0 $0 $0
MICHAEL JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
P ROY VAGELOS BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY NICHOLSON EXECUTIVE DIRECTOR 25.00
Officer
$149,500 $0 $149,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,155,704 $694,051 $27,523,629 $461,653
2023 $1,140,621 $612,552 $25,237,124 $528,069
2022 $632,274 $596,712 $23,099,991 $35,562
2021 $8,585 $3,465,940 $25,732,336 $-3,457,355
2020 $4,306,115 $15,171,440 $26,398,018 $-10,865,325
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