ACADEMY OF HELLENIC PAIDEIA INC

EIN: 472605426 501(c)(3) Arts, Culture & Humanities

ASTORIA, NY

Total Revenue
$912,734
Total Expenses
$992,550
Total Assets
$539,605
Net Assets
$389,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
KELLY DEMETRA VARSAMI
Phone
9176034437
Tax Period
2023-01-01 to 2023-12-31

ACADEMY OF HELLENIC PAIDEIA INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $913K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

It is our mission to encourage learning inspired by the classic Hellenic tradition. By guiding each childs mind by what amuses them, we may better discover and nourish their unique genius in an effort to promote their fullest human potential; mind, body and spirit.VISION A better world by (for, from, with) better people The pursuit of ARETE (excellence, virtue, goodness) for all. Such an aspiration requires effort, discipline and intelligence. To create a spark that will enlighten the world that all might pursue their fullest human potentialGOALS To maximize your childs fullest human potential To provide the tools for the inspiration of children to better realize their fullest human potential

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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 $0
Program Service Revenue $912,306
Investment Income $428
Other Revenue $0
TOTAL REVENUE $912,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $679,007
Fundraising Expenses $2,542
Program Expenses $920,215
Other Expenses $313,543
TOTAL EXPENSES $992,550

Year-over-Year Comparison

2023 2022 Change
Revenue $912,734 $808,380 +0.1%
Expenses $992,550 $815,392 +0.2%
Net Income $-79,816 $-7,012 +10.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
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
3
$175,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY DEMETRA VARSAMI President 48.00
Officer
$160,000 $0 $160,000
ANTONETA VARSAMI Vice President 10.00
Officer
$15,600 $0 $15,600
KONSTANTINOS DOIKOS Treasurer 0.00
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 $912,734 $992,550 $539,605 $-79,816
2022 $808,380 $815,392 $629,436 $-7,012
2021 $1,088,480 $916,219 $631,300 $172,261
2020 $704,197 $523,853 $453,855 $180,344
2019 $369,093 $419,295 $127,980 $-50,202
2018 $449,024 $436,132 $177,074 $12,892
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