Hellenic Bar Association Foundation

EIN: 364444401 501(c)(3) Education

Warrenville, IL

Total Revenue
$135,971
Total Expenses
$135,237
Total Assets
$621,090
Net Assets
$621,090
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Tax Period
2024-01-01 to 2024-12-31

Hellenic Bar Association Foundation, founded in 2001, is a small nonprofit in the Education sector that reported $136K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $621K represent 55 months of operating reserves.

Mission

To apply its income and all or any part of its principal to: (1) Support programs and organizations which may be expected to contribute to the administration of justice and of the legal services available to the public with particular reference to the State of Illinois; (2) Support any program or organization whose purposes and operations are exclusively charitable, scientific, literary or educational; (3) Foster and maintain the honor and integrity of the profession of the law; (4) Promote the study of the law and research therein, the diffusion of knowledge thereof, and the continuing education of lawyers; (5) Provide support organizations established to provide legal services through staff attorneys or unpaid volunteers to persons who find it difficult to obtain such services through normal channels.

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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 (2024)

Revenue Breakdown

Contributions & Grants $159,695
Program Service Revenue $0
Investment Income $13,370
Other Revenue $-37,094
TOTAL REVENUE $135,971

Expense Breakdown

Grants Paid $122,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $123,241
Other Expenses $12,837
TOTAL EXPENSES $135,237

Year-over-Year Comparison

2024 2023 Change
Revenue $135,971 $192,860 -0.3%
Expenses $135,237 $18,446 +6.3%
Net Income $734 $174,414 -1.0%
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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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
50

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
8
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Athena Farmakis President 1.00
Officer Director
$0 $0 $0
Pamela Visvardis Savvides President-Elect 1.00
Officer Director
$0 $0 $0
Hon Frank Andreou First V.P. 1.00
Officer Director
$0 $0 $0
Katerina Alexopoulos Second V.P. 1.00
Officer Director
$0 $0 $0
Georgia Loukas Demeros Treasurer 1.00
Officer Director
$0 $0 $0
Themistocles Frangos Secretary 1.00
Officer Director
$0 $0 $0
Efie M Vainikos Corr. Secretary 1.00
Officer Director
$0 $0 $0
Angelo Tzivas Law Sch Liaison 1.00
Officer Director
$0 $0 $0
Spyridon J Demakis Chair of Board 1.00
Director
$0 $0 $0
Eleni Katsoulis Director 0.00
Director
$0 $0 $0
Dimitra Anderson Director 0.00
Director
$0 $0 $0
Kyriakoula A Fournier Director 0.00
Director
$0 $0 $0
Constantine Kanellos Director 0.00
Director
$0 $0 $0
Hariklia Karis Director 0.00
Director
$0 $0 $0
Vicki Pappas Karl Director 0.00
Director
$0 $0 $0
Thomas Massouras Director 0.00
Director
$0 $0 $0
Maria Vathis Director 0.00
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
2024 $135,971 $135,237 $621,090 $734
2023 $192,860 $18,446 $600,292 $174,414
2022 $122,473 $74,970 $416,303 $47,503
2021 $279,178 $144,978 $395,010 $134,200
2020 $129,355 $137,025 $285,746 $-7,670
2019 $193,854 $134,419 $293,416 $59,435
2018 $81,581 $70,156 $233,981 $11,425
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