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Kardamylian Foundation INC

Tax-deductible

New York, NY501(c)(3)International EIN 06-1573073Revenue $71K in FY2024

On file with the IRSkardamylianfoundation.com39 Broadway Rm 1810, 10006-3072 · New York, NYTax-exempt since Aug 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To establish, develop, fund, and support educational and charitable activities for the benefit of the village of kardamyla, located on the island of chios, greece. The activities and programs of the Foundation will include providing scholarships for Kardamylian students, building and restoring public buildings and/or infrastructure, public collections of social, historical, and cultural significance, supporting and promoting the preservation of Kardamylian art and cultures, and educating the public about Kardamylian history and culture.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $27K a year · 37% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Plus $749K in investments, Pt X · Ln 11–13
Looks good: 34.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$71K
+119% vs prior year
Spent
$83K
To programs
83%
Net assets
$989K
By yearFY2020–FY2024
Revenue
$71K
FY2024▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$91K
FY2022$29K
FY2023$32K
FY2024$71K
Expenses
$83K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$131K
FY2021$145K
FY2022$67K
FY2023$74K
FY2024$83K
Net assets
$989K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$967K
FY2023$966K
FY2024$989K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $68K Management & general 17% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Vlasis Anastasiou
Asst Treasur
$0Pt VII · Sec A
Apostolos Boulas
Asst Secreta
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Spyros Papadakis
Gen Secretar
$0Pt VII · Sec A
$0Pt VII · Sec A
Vyron Varonis
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kardamylian Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational and charitable activities for a Greek village, including scholarships and cultural preservation.

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Provided by the organization

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3 programs · $26K · in their own filed words · FY2024
01

This grant was used to renovate classrooms, playground and other areas in the school which upgraded the school infrastructure and enhanced the facilities for the education of the youth.

$10Kprogram expense
02

Grant to the kardamyla medical center. This grant was used to purchase an electric generator.

$10Kprogram expense
03

Grant to ST. Marina kardamyla care home (nonprofit organization), a nursing home for the elderly based in kardamyla. The purpose of this donation is to assist in the cash flow problems of the organization in order to avoid the closure of the institution and to provide the best possible services for the elderly kardamylians who live there.

$6Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Fidelity Investments Charitable Gift FundFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$71K
Ln 12
Gifts and grantsLn 1h$44K
Investment incomeLn 3$27K
Money outPt IX
$83K
Ln 25
Programscol B$68K
Managementcol C$14K
Owns and owesPt X
$989K
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$989K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Investment incomeLn 3$27K
Gains on assetsLn 7−$5K
Total revenueLn 12$71K
Assets in detailPt X, end of year
SavingsLn 2$240K
Cash and savings togetherLn 1–2$240K
InvestmentsLn 11–13$749K
Total assetsLn 16$989K
LiabilitiesLn 26$0
Net assetsLn 32$989K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$144K$240K
InvestmentsLn 11–13$822K$749K
Total assetsLn 16$966K$989K
LiabilitiesLn 26$0$0
Net assetsLn 32$966K$989K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$68K$68K
Conferences, conventions and meetingsLn 19$4K$4K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$83K$68K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $71K$83K−$12K$989K 990 PDF
FY2023 $32K$74K−$42K$966K 990 PDF
FY2022 $29K$67K−$38K$967K 990 PDF
FY2021 $91K$145K−$55K$1.0M 990 PDF
FY2020 $141K$131K$11K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $70,807 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,313$43,991
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,023$26,816
I-11 Other revenue$0
I-12 Total revenuePrior year $32,336$70,807
I-13 Grants and similar amounts paidPrior year $65,021$68,339
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $9,444$14,226
I-18 Total expensesPrior year $74,465$82,565
I-19 Revenue less expensesPrior year −$42,129−$11,758
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $70,807 across 5 lines filed
VIII-1f All other contributions, gifts and grants$43,991
VIII-1h Total contributions, gifts and grants$43,991
VIII-3 Investment incomeRelated to mission $31,614$31,614
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,798−$4,798
VIII-12 Total revenueRelated to mission $26,816$70,807
Part IX · Statement of functional expenses $82,565 across 3 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $68,339$68,339
IX-19 Conferences, conventions and meetingsManagement $4,247$4,247
IX-24 Other expenses (24a–d)Management $9,979$9,979
IX-25 Total functional expensesPrograms $68,339 · Management $14,226 · Fundraising $0$82,565
Part X · Balance sheet $989,431 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $144,474$240,418
X-11 Publicly traded securitiesStart of year $821,645$749,013
X-16 Total assetsStart of year $966,119$989,431
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $966,119$989,431
X-33 Total liabilities and net assetsStart of year $966,119$989,431
Part XI · Reconciliation of net assets $989,431 net assets at year end
XI-1 Total revenue$70,807
XI-2 Total expenses$82,565
XI-3 Revenue less expenses−$11,758
XI-4 Net assets at start of year$966,119
XI-9 Other changes in net assets$35,070
XI-10 Net assets at end of year$989,431

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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