FOUNDATION FOR HELLENIC COLLEGE HOLY CROSS

EIN: 260874360 501(c)(3)

HOUSTON, TX

Total Revenue
$570,317
Total Expenses
$2,771,530
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DC
Principal Officer
HARRIS J PAPPAS
Phone
7138035253
Tax Period
2020-01-01 to 2020-12-11

FOUNDATION FOR HELLENIC COLLEGE HOLY CROSS, founded in 2007, is a small nonprofit that reported $570K in total revenue in fiscal year 2020. Revenue surged 154% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 386% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR RELIGIOUS CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). IN ACCOMPLISHMENT OF THESE PURPOSES, THE CORPORATION RAISES FUNDS FOR AND OTHERWISE SUPPORTS HELLENIC COLLEGE AND HOLY CROSS GREEK ORTHODOX SCHOOL OF THEOLOGY (THE "SUPPORTED ORGANIZATION"). THE SUPPORTED ORGANIZATION IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) THAT IS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A).

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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 (2020)

Revenue Breakdown

Contributions & Grants $150,255
Program Service Revenue $0
Investment Income $371,016
Other Revenue $49,046
TOTAL REVENUE $570,317

Expense Breakdown

Grants Paid $2,756,823
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,771,530
Other Expenses $14,707
TOTAL EXPENSES $2,771,530

Year-over-Year Comparison

2020 2019 Change
Revenue $570,317 $224,351 +1.5%
Expenses $2,771,530 $170,202 +15.3%
Net Income $-2,201,213 $54,149 -41.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRIS J PAPPAS TRUSTEE, CO-CHAIRMAN AND P 1.00
Director
$0 $0 $0
CHARLES H COTROS TRUSTEE, CO-CHAIRMAN AND P 1.00
Director
$0 $0 $0
THOMAS L DEMAKES TRUSTEE, TREASURER AND SEC 1.00
Director
$0 $0 $0
CYNTHIA G KOSTAS TRUSTEE 1.00
Director
$0 $0 $0
HELEN A CARLOS TRUSTEE 1.00
Director
$0 $0 $0
FATHER JON MAGOULIAS EX OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
GEORGE CANTONIS EX OFFICIO TRUSTEE 1.00
Director
$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
2020 $570,317 $2,771,530 No data $-2,201,213
2019 $224,351 $170,202 $2,254,698 $54,149
2018 $58,018 $9,134 $2,189,616 $48,884
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