Modern Greek Studies Assoc Inc

EIN: 221992750 501(c)(3)

Providence, RI

Total Revenue
$27,100
Total Expenses
$63,131
Total Assets
$813,684
Net Assets
$813,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
RI
Principal Officer
EVANGELOS CALOTYCHOS
Phone
4013510257
Tax Period
2023-01-01 to 2023-12-31

Modern Greek Studies Assoc Inc, founded in 1970, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 133% operating deficit.

Mission

The Modern Greek Studies Association is an international organization that fosters and advances Modern Greek Studies in North America. To that end, the MGSA organizes a biennial interdisciplinary symposium and publishes the premier peer-reviewed Journal of Modern Greek Studies and occasional reference works. Serving as a hub for scholarship and research, teaching and learning, and professional development, the MGSA also supports the establishment and consolidation of Modern Greek Chairs and Programs in North American universities and colleges. From its earliest foundations, the MGSA has been committed to promoting public understanding of the Greek world while defending academic freedom.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,660
Program Service Revenue $0
Investment Income $19,440
Other Revenue $0
TOTAL REVENUE $27,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,300
Fundraising Expenses $0
Program Expenses $49,291
Other Expenses $44,831
TOTAL EXPENSES $63,131

Year-over-Year Comparison

2023 2022 Change
Revenue $27,100 $71,258 -0.6%
Expenses $63,131 $65,942 0.0%
Net Income $-36,031 $5,316 -7.8%
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
13
Independent Members
13
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM PAPADEMETRIOU Board Member 4.00
Director
$0 $0 $0
DESPINA LALAKI Board Member 3.00
Director
$0 $0 $0
OTHON ALEXANDRAKIS Board Member 2.00
Director
$0 $0 $0
LISSI ATHANASIOU-KRIKELIS Board Member 2.00
Director
$0 $0 $0
EUGENIA GEORGES Board Member 2.00
Director
$0 $0 $0
FRANKLIN HESS Board Member 2.00
Director
$0 $0 $0
ROLAND S MOORE Board Member 2.00
Director
$0 $0 $0
WILL STROEBEL Board Member 2.00
Director
$0 $0 $0
AMANDA KUBIC Board Member 2.00
Director
$0 $0 $0
SAKIS GEKAS Treasurer 2.00
Officer
$0 $0 $0
NEOVI KARAKATSANIS Vice President 2.00
Officer
$0 $0 $0
KATERINA LAGOS President 3.00
Officer
$0 $0 $0
EVANGELOS CALOTYCHOS Executive Director 20.00
Officer
$0 $0 $0
FEVRONIA K SOUMAKIS Secretary 3.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $27,100 $63,131 $813,684 $-36,031
2022 $71,258 $65,942 $765,112 $5,316
2021 $82,315 $43,915 $863,002 $38,400
2020 $23,066 $37,874 $758,600 $-14,808
2019 $99,299 $64,813 $750,923 $34,486
2018 $37,496 $47,982 $626,364 $-10,486
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