Federation of Hellenic American Societie of Phila and Greater Delaware Valley Inc

EIN: 320709807 501(c)(3) Arts, Culture & Humanities

Philadelphia, PA

Total Revenue
$139,473
Total Expenses
$43,466
Total Assets
$377,457
Net Assets
$376,957
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
PA
Principal Officer
Harry Karapalides
Phone
6103522929
Tax Period
2025-01-01 to 2025-12-31

Federation of Hellenic American Societie of Phila and Greater Delaware Valley Inc, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $139K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $96K, a strong 69% operating margin.

Mission

THE FEDERATION ITSELF SERVES THE PURPOSE OF BEING THE HUB: ORGANIZING AND SYNCHRONIZING THE MEMBERS AND ESTABLISHING RELATIONSHIPS WITH OTHER ETHNIC GROUPS IN THE REGION. IT SERVES AS AN AMBASSADOR PROMOTING PHILHELLENISM IN OUR SURROUNDING COMMUNITIES THROUGH AWARENESS AND PARTICIPATION IN CULTURAL AND SOCIAL EVENTS SUCH AS LECTURES, PRESENTATIONS, FESTIVALS, AND THE ANNUAL GREEK INDEPENDENCE DAY.

Program Service Accomplishments

Program 1
Expenses: $32,123

THE FEDERATION ITSELF SERVES THE PURPOSE OF BEING THE HUB: ORGANIZING AND SYNCHRONIZING THE MEMBERS AND ESTABLISHING RELATIONSHIPS WITH OTHER ETHNIC GROUPS IN THE REGION. IT SERVES AS AN AMBASSADOR...

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THE FEDERATION ITSELF SERVES THE PURPOSE OF BEING THE HUB: ORGANIZING AND SYNCHRONIZING THE MEMBERS AND ESTABLISHING RELATIONSHIPS WITH OTHER ETHNIC GROUPS IN THE REGION. IT SERVES AS AN AMBASSADOR PROMOTING PHILHELLENISM IN OUR SURROUNDING COMMUNITIES THROUGH AWARENESS AND PARTICIPATION IN CULTURAL AND SOCIAL EVENTS SUCH AS LECTURES, PRESENTATIONS, FESTIVALS, AND THE ANNUAL GREEK INDEPENDENCE DAY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $18,558
Program Service Revenue $0
Investment Income $10,634
Other Revenue $110,281
TOTAL REVENUE $139,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,261
Program Expenses $32,123
Other Expenses $43,466
TOTAL EXPENSES $43,466

Year-over-Year Comparison

2025 2024 Change
Revenue $139,473 $202,592 -0.3%
Expenses $43,466 $60,197 -0.3%
Net Income $96,007 $142,395 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dimitris Rozanitis Board Member 7.00
Officer Director
$0 $0 $0
Georgia Chletcos Chairman 10.00
Officer Director
$0 $0 $0
Harry Karapalides President 15.00
Officer Director
$0 $0 $0
Peter Papadeas Treasurer 10.00
Officer Director
$0 $0 $0
Maria Agatsiotis Secretary 10.00
Officer Director
$0 $0 $0
Chris Papadeas Director 5.00
Officer Director
$0 $0 $0
John Vasiliou Vice President 5.00
Director
$0 $0 $0
Michael Economou Vice President 5.00
Director
$0 $0 $0
Artemis Tsingiropoulos Director 5.00
Director
$0 $0 $0
Carissa Fafalios Secretary 10.00
Director
$0 $0 $0
Ana Bousoulas Director 5.00
Director
$0 $0 $0
Philip Nicoliades Director 5.00
Director
$0 $0 $0
Vasilis Keisoglou Director 5.00
Director
$0 $0 $0
Dan Pithis Director 5.00
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
2025 $139,473 $43,466 $377,457 $96,007
2024 No data No data No data No data
2023 $79,210 $28,723 $138,555 $50,487
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