Hellenic-American Chamber of Commerce Foundation

Nonprofit profile at a glance

EIN
842522356
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
New York, NY, USA
Phone
2126296380
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$116,753
Expenses
$128,232
Assets
$288
Liabilities
$11,330

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARKOS DRAKOTOS (DIRECTOR / PRESIDENT)
  • ALEXANDRA MITSAKIS (EXECUTIVE DIRECTOR)

People named in this filing

  • CLAY MAITLAND (DIRECTOR / CHAIRMAN)
  • MARKOS DRAKOTOS (DIRECTOR / PRESIDENT)
  • NICK KATSANOS (DIRECTOR / VP / TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To organize, promote and fund all manner of educational, artistic and cultural programs, seminars, symposia, concerts, recitals, performances, exhibits and similar events for the benefit of all persons in the New York area or elsewhere interested in the history, culture, activities, accomplishments, conditions and affairs of greece and its people and of people of greek ancestry in the united states and elsewhere in the world

What it reported doing in 2024

New York City Greek Film Festival - September 11 - 14, 2024 - Celebrating Greece's cultural presence in New York through the lens of Greek Cinema. Our goal remains the same, to provide Greece's top filmmakers a venue to screen their work here in the United States. The first evening began with opening speeches and live performances by the Cretan Breeched Association, followed by a special awards presentation by the Hellenic-American Chamber of Commerce to the leading actors of the popular Greek television series SASMOS. The film Murderess (97') was screened in the presence of actress Maria Protopappa. The program continued with a live concert featuring Yorgos Vogiatzakis, dance performances by Michalis Lymakis and the Cretan Breeched Association, and a special guest vocal performance by Evangelia. The second evening began with a screening of Greek Short Films (103'), featuring a curated selection of outstanding recent Greek productions. The program included The Boar (20'), Why Won't You Dance? (15'), Light of Light (13'), End of August (17'), When I Die Let the Universe Burn (9'), Wings (17'), and The Knock (12'). The third evening began with a special screening of Venizelos: The Struggle for Asia Minor (84'). Nickos Kastrinakis, President of the World Council of Cretans and President of the Venizelos Foundation USA, delivered a speech on Cretan culture, coordinated by Eirini Mo. This was followed by a presentation from Eva Vamvouka, creator and owner of Kritiko Argastiri, who spoke about traditional Cretan outfits, also coordinated by Eirini Mo. The evening concluded with the screening of Kapetan Mihalis (151'). The final evening began with the screening of Behind the Haystacks (118'). Murderess (97') was presented in the presence of director Eva Nathena and actresses Kariofillia Karabeti and Maria Protopappa. Following the screening, a Q&A session was held with all three guests, moderated by Eirini Mo. The Closing Ceremony took place, also presented by Eirini Mo, and featured the Audience Awards Presentation recognizing the best Greek feature film, best Greek short film, and the Nikos Perakis Award for the best new director. The evening concluded with a Closing Reception.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.8%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 39.34; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 19.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: -6.7% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $128K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.