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Hellenic Bar Association Foundation FY2023 filing

Tax-deductible

Warrenville, IL501(c)(3)EducationEIN 36-4444401

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Improve the effectiveness and efficiency of the administration of justice in the state of il and members' effectiveness and efficiency in the practive of law. Ensure that bench and Bar adhere to acceptable professional and ethical standards. Improve public understanding of the functions and importance of our legal and constitutional system and encourage respect thereof. Increase public understanding and respect for the legal profession and the role of hellenism in the law.

501(c)(3) charity; gifts are tax-deductible.
29¢ 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
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
4 of 5
filings with a surplus
Average surplus $70K a year · 41% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
218 mo
of spending, in cash
Looks good: 218.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $13K
Looks good: 3 funders name it on their filings; 3 or more.
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
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$193K
+57% vs prior year
Spent
$18K
To programs
29%
Net assets
$600K
By yearFY2020–FY2024
Revenue
$193K
FY2023▲ +57%
Revenue by fiscal year
FY2020$129K
FY2021$279K
FY2022$122K
FY2023$193K
FY2024$136K
Expenses
$18K
FY2023▼ -75%
Expenses by fiscal year
FY2020$137K
FY2021$145K
FY2022$75K
FY2023$18K
FY2024$135K
Net assets
$600K
FY2023▲ +44%
Net assets by fiscal year
FY2020$286K
FY2021$395K
FY2022$416K
FY2023$600K
FY2024$621K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

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

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $5K Management & general 71% · $13K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Spyro Demakis
President
$0Pt VII · Sec A
Athena Farmakis
President-El
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Efie Vainikos
Law School L
$0Pt VII · Sec A
See Hellenic Bar Association Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves legal administration, upholds professional standards, and educates the public on justice and the legal system.

Provided by the organization

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2 programs · $5K · in their own filed words · FY2023
01

Law day essay contest for elementary school students.

$5Kprogram expense
02

Scholarship ball paying tribute to scholarship recipients and distinguised honorees in the legal profession. Used to promote public understanding of the role of hellenism in the law and cultivate social relationships among its members.

Pt IX · col B

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 · FY2023
Thomas a Demetrio FoundationFY2023$8K
The Renaissance Fund NfpFY2023$5K
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 3 funders$13K
See all 3 funders →
Grants paid · 7 grants · $353K · 2020–2024
Unitemized GrantFY2024$60,000
Unitemized GrantFY2024$60,000
Unitemized GrantFY2024$1,400
Unitemized GrantFY2022$60,000
Unitemized GrantFY2022$1,200
Unitemized GrantFY2021$60,000
Unitemized GrantFY2020$110,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$193K
Ln 12
Gifts and grantsLn 1h$183K
Investment incomeLn 3$13K
Money outPt IX
$18K
Ln 25
Programscol B$5K
Managementcol C$13K
Owns and owesPt X
$600K
net assets · Ln 32
Cash and savingsLn 1–2$336K
Total assetsLn 16$600K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Government grantsLn 1e$2K
Fundraising eventsLn 1c$181K
Investment incomeLn 3$13K
Gains on assetsLn 7$5K
Total revenueLn 12$193K
Assets in detailPt X, end of year
CashLn 1$225K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$336K
InvestmentsLn 11–13$264K
Other assetsLn 15$579
Total assetsLn 16$600K
LiabilitiesLn 26$0
Net assetsLn 32$600K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
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 FY23End FY23
Cash and savingsLn 1–2$374K$336K
InvestmentsLn 11–13$41K$264K
Total assetsLn 16$416K$600K
LiabilitiesLn 26$0$0
Net assetsLn 32$416K$600K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$375$375
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$3K$3K$115
All other expensesLn 24e$189$73$116
Total functional expensesLn 25$18K$5K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $136K$135K$734$621K 990 PDF
FY2023 Viewing $193K$18K$174K$600K 990 PDF
FY2022 $122K$75K$48K$416K 990 PDF
FY2021 $279K$145K$134K$395K 990 PDF
FY2020 $129K$137K−$8K$286K 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
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $192,860 across 7 lines filed
VIII-1c Fundraising events$181,100
VIII-1e Government grants$2,000
VIII-1h Total contributions, gifts and grants$183,100
VIII-3 Investment incomeRelated to mission $7,953$7,953
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,662$4,662
VIII-8 Net income from fundraising events−$2,855
VIII-12 Total revenueRelated to mission $12,615$192,860
Part IX · Statement of functional expenses $18,446 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $2,200$2,200
IX-11c Accounting feesManagement $4,728$4,728
IX-11f Investment management feesManagement $1,738$1,738
IX-12 Advertising and promotionPrograms $375$375
IX-19 Conferences, conventions and meetingsManagement $3,685$3,685
IX-23 InsuranceManagement $2,684$2,684
IX-24 Other expenses (24a–d)Programs $2,732 · Management $115$2,847
IX-24e All other expensesPrograms $73 · Management $116$189
IX-25 Total functional expensesPrograms $5,380 · Management $13,066 · Fundraising $0$18,446
Part X · Balance sheet $600,292 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $161,674$225,214
X-2 Savings and temporary cash investmentsStart of year $212,733$110,348
X-11 Publicly traded securitiesStart of year $41,317$264,151
X-15 Other assetsStart of year $579$579
X-16 Total assetsStart of year $416,303$600,292
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $415,803$539,792
X-28 Net assets with donor restrictionsStart of year $500$60,500
X-32 Total net assets or fund balancesStart of year $416,303$600,292
X-33 Total liabilities and net assetsStart of year $416,303$600,292
Part XI · Reconciliation of net assets $600,292 net assets at year end
XI-1 Total revenue$192,860
XI-2 Total expenses$18,446
XI-3 Revenue less expenses$174,414
XI-4 Net assets at start of year$416,303
XI-5 Net unrealized gains (losses) on investments$9,575
XI-10 Net assets at end of year$600,292

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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