Hellenic Womens Club INC FY2023 filing

Tax-deductible

Brookline, MA501(c)(3)EIN 04-3105708

To promote good fellowship among members, assist by scholarships to deserving students of greek origin, to engage in philanthropic endeavors approved by the executive board by majority vote.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 3
years in the black
Pt I · Ln 19 · 3 filings
How much reaches the programs?
86%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
36 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
4
named funders · $34K
Funders’ Sch. I, 990-PF
Do they carry debt?
$0
liabilities
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Pt VI · Ln 1a–1b
Revenue
$192K
+49% vs prior year
Spent
$128K
To programs
86%
Net assets
$393K
By yearFY2022–FY2025
Revenue
$192K
FY2023▲ +49%
Revenue by fiscal year
FY2022$129K
FY2023$192K
FY2024$140K
FY2025$143K
Expenses
$128K
FY2023
Expenses by fiscal year
FY2022Not on file
FY2023$128K
FY2024$154K
FY2025$129K
Net assets
$393K
FY2023▲ +19%
Net assets by fiscal year
FY2022$329K
FY2023$393K
FY2024$379K
FY2025$393K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — revoked Nov 2021, reinstated
IRS ruling Jun 2022, per the IRS master file.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CHellenic Womens Club INC
EINHdr · item D04-3105708
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBrookline, MA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.hellenicwomenclub.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$110K
Management & general14%$18K
Total functional expensesLn 25$128K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs
Operating runway
36.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$393K
FY2023
Total assets by fiscal year
FY2022Not on file
FY2023$393K
FY2024$379K
FY2025$393K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2022Not on file
FY2023$0
FY2024$0
FY2025$206
Revenue less expensesPt I · Ln 19$64K
Total assetsPt X · Ln 16$393K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$386K
Total assetsLn 16$393K
Total liabilitiesLn 26$0
Total net assetsLn 32$393K
Months of cash on handcomputed36.2

Statement of Revenue

Part VIII
Contributions & grants130%$250K
Investment income$98
Total revenueLn 12$192K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $386K · Operating expenses/yr $128K
36.2 months
Where the money goes
Program services
Program services $110K · Total expenses $128K
86%
Management & General
Management & general $18K · Total expenses $128K
14%
Fundraising
Fundraising $0 · Total expenses $128K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $250K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $250K · Total revenue $192K
130%
Government reliance
Government grants — · Total revenue $192K
—
Earned-income share
Program service revenue $0 · Total revenue $192K
0%
Investment reliance
Investment income $98 · Total revenue $192K
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $128K
0%
Growth & trend
Revenue growth (YoY)
This year $192K · Prior year $129K
+49%
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $192K · Expenses $128K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $393K
—
Net-asset ratio
Net assets $393K · Total assets $393K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $393K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janice Panagako · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $128K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $128K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——
Revenue growth 49%——
Legal fee ratio 4%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Budget Chair
$0Pt VII · Sec A
Charity Review Chair
$0Pt VII · Sec A
See Hellenic Womens Club INC executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Awards scholarships and supports philanthropic projects for students of Greek origin.

Provided by the organization

This section is blank until Hellenic Womens Club INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $110K of program spending, described in the organization's own filed words · FY2022.
01

The organization donated a total $74,900 to established charities during fiscal year 2023.

$75Kprogram expense
02

The organization awarded seven scholarships to young women attending colleges and universities during fiscal year 2023.

$35Kprogram expense
03

Raised over $150,000 through our sustaining sponsor program, hosted our mistletoe ball in november.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 24 grants · $235K · 2022–2024
Mgh - Breast Cancer Research and Patient Assistance FundFY2024$33,333
American Farm School ThessalonikiFY2024$10,600
Saint Methodios Faith and Heritage CenterFY2024$10,000
Philoxenia House INCMD · FY2024$5,850
Rosies Place INCMA · FY2024$5,500
Mgh - Breast Cancer Research and Patient Assistance FundFY2023$33,334
University of MassachusettsFY2023$15,000
Hellenic College Holy Cross ScholarshipFY2023$10,000
Mgh - Alzheimer's ResearchFY2023$6,000
Hellenic Women's Benevolent AssociationFY2023$6,000
American Farm SchoolFY2023$5,500
Brandeis UniversityMA · FY2023$5,000
Stanford Law SchoolFY2023$5,000
Women's Club ScholarshipFY2023$5,000
Rosies Place INCMA · FY2023$5,000
Philoxenia House INCMD · FY2023$5,000
See all 24 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $143K$129K+2% 990 PDF
FY2024 $140K$154K-27% 990 PDF
FY2023 Viewing $192K$128K+49% 990 PDF
FY2022 $129K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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