GREEK AMERICA CULTURAL AND EDUCATIONAL FOUNDATION INC

EIN: 811672793 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$367,037
Total Expenses
$401,383
Total Assets
$354,045
Net Assets
$351,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
DARDEN LIVESAY
Phone
4124270863
Tax Period
2023-01-01 to 2023-12-31

GREEK AMERICA CULTURAL AND EDUCATIONAL FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $367K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE, PRESERVE AND PERPETUATE GREEK CULTURE, HISTORY, HERITAGE AND IDEALS IN NORTH AMERICA.

Program Service Accomplishments

Program 1
Expenses: $199,166 Revenue: $156,152

TO PROVIDE SUPPORT TO GREEKS INSIDE AND OUTSIDE THE UNITED STATES BY BRINGING AWARENESS TO GREEK CULTURE AND HERITAGE AND DIRECTLY DONATING TO GREEKS IN NEED.

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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 $178,546
Program Service Revenue $156,152
Investment Income $21,137
Other Revenue $11,202
TOTAL REVENUE $367,037

Expense Breakdown

Grants Paid $88,596
Salaries & Benefits $65,169
Fundraising Expenses $36,362
Program Expenses $199,166
Other Expenses $247,618
TOTAL EXPENSES $401,383

Year-over-Year Comparison

2023 2022 Change
Revenue $367,037 $915,200 -0.6%
Expenses $401,383 $908,598 -0.6%
Net Income $-34,346 $6,602 -6.2%
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
8
Independent Members
8
Employees
1
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
3
$44,000
Total Directors
9
$44,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY PAPPAS PRESIDENT 40.00
Officer Director
$44,000 $0 $44,000
DR EVANGELINE BELTSOS DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA LAMBRECHT CO-CHAIR 1.00
Officer Director
$0 $0 $0
GEORGE LOGOTHETIS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PAPAVASILIOU DIRECTOR 1.00
Director
$0 $0 $0
MANOS SIFAKIS CO-CHAIR 1.00
Officer Director
$0 $0 $0
JOHN VARVATOS DIRECTOR 1.00
Director
$0 $0 $0
SPIRO VERRAS DIRECTOR 1.00
Director
$0 $0 $0
EMMANUEL YAKUMITHIS DIRECTOR 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
2023 $367,037 $401,383 $354,045 $-34,346
2022 $915,200 $908,598 $370,598 $6,602
2021 $362,160 $346,023 $452,359 $16,137
2020 $223,111 $207,704 $426,565 $15,407
2019 $267,701 $215,549 $409,195 $52,152
2018 $255,968 $226,975 $361,880 $28,993
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