Faith an Endowment for Orthodoxy and Hellenism
Nonprofit profile at a glance
- EIN
- 200359862
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2128039328
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,155,704
- Expenses
- $694,051
- Assets
- $27,523,629
- Liabilities
- $24,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ELAINE JAHARIS (PRESIDENT)
- PEGGY NICHOLSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- PEGGY NICHOLSON (EXECUTIVE DIRECTOR): $149,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Faith an endowment for orthodoxy and hellenism mission is to promote hellenism, support the greek orthodox faith, and celebrate excellence in education for future generations. Supporting programs and scholarship initiatives to educate and raise awareness about hellenism and the greek orthodox faith throughout the greek orthodox archdiocese of america and the world. Challenging young, talented, and intelligent greek americans to attain (and sustain) excellence by offering a series of merit-based college scholarships to the most promising young leaders of the hellenic and greek orthodox communities. Partnering with top academic institutions (such as the fletcher school of law and diplomacy at tufts university, fulbright foundation of greece, hellenic college holy cross press, patriarchal institute of thessaloniki) to support the advancement of hellenism and the greek orthodox faith as well scholarly exchanges and dialogues between greece, the united states and worldwide.
What it reported doing in 2024
Supporting programs and initiatives to educate and raise awareness about hellenism and the greek orthodox faith throughout the greek orthodox archdiocese of america and the world.supporting young, talented, and intelligent greek americans to attain (and sustain) excellence by offering a series of merit-based college scholarships to the most promising young leaders of the hellenic and greek orthodox community.partnering with top academic institutions (such as the fletcher school of law and diplomacy at tufts university, fulbright foundation of greece, hellenic college holy cross press, patriarchal institute of thessaloniki) to support the advancement of hellenism and the greek orthodox faith as well scholarly exchanges and dialogues between greece, the united states and worldwide.granting support for initiatives and projects that showcase the legacy of hellenism and the greek orthodox faith with the world. Faith has generously provided lead donor support to projects and events symbolizing the history of our community such as the rebuilding of the st. Nicholas greek orthodox church at ground zero, the imvros school, and the patriarchal institute for patristic studies.enriching the classrooms of greek language programs and parish schools nationwide by underwriting the production of multimedia resources and the publication and distribution of new textbooks to update and enhance the classrooms for our youngest children and their teachers.providing financial aid grants for young people to travel to greece to learn more about their hellenic heritage and greek orthodox faith through ionian village summer camp. For over the last decade, the endowment has underwritten partial and full travel grants to young greek americans who otherwise would not have been able to attend.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 82% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 82
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 85.4%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39.9%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 39.66; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 21.5%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -89.5% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -44% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 85.4% of spending went to programs
- Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $593K in reported program spending
- Leadership: top reported pay $150K · 8 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.