Hellenic Classical Charter School

IRS exemption revoked

Brooklyn, NYUnknown exempt organizationSince 2005EIN 38-3719653

Public charter school that prepares students intellectually, socially and emotionally, so they may gain entry to and succeed in the best high schools in new york city.

80¢ of each $1 spent went to programs.
Run by 9 volunteers and 79 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$829K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $22K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.7M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.0M
Spent
$8.8M
To programs
80%
Net assets
$1.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $7.1M Management & general 19% · $1.7M Fundraising 0% · $34K

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

Who runs it and what they're paid

14 people listed on the 990; $829K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$305,987Pt VII · Sec A
Director of Operations
$162,563Pt VII · Sec A
Assistant Principal
$136,448Pt VII · Sec A
Dean of Dance & Theatre
$117,735Pt VII · Sec A
Director of Finance & Ops.
$106,256Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hellenic Classical Charter School 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 15aYes

Programs and updates

Educates students for success in top New York City high schools.

Provided by the organization

This section is blank until Hellenic Classical Charter School claims this page.

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1 program service account for $7.1M of program spending, described in the organization's own filed words · FY2019.
01

To increase learning opportunities for students through innovative educational programs and to enable parents to be more involved in their children's education. The school provided education to approximately 497 students in grades kindergarten through eighth during the 2019-2020 academic year.

$7.1Mprogram expense

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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 · FY2023
Total grants receivedfrom 3 funders$22K
See all 3 funders →
Grants paid · 1 grant · $6K · 2019–2019
Unitemized GrantFY2019$5,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.0M
Ln 12
Fees for servicesLn 2g$8.5M
Gifts and grantsLn 1h$455K
Other incomeLn 4–11$14K
Money outPt IX
$8.8M
Ln 25
Programscol B$7.1M
Managementcol C$1.7M
Fundraisingcol D$34K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$12.3M
LiabilitiesLn 26$10.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$455K
Government grantsLn 1e$319K
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$2
Other incomeLn 4–11$14K
Total revenueLn 12$9.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$71K
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$10.5M
Other assetsLn 15$185K
Total assetsLn 16$12.3M
LiabilitiesLn 26$10.7M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 579
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$246K$1.4M
Land, buildings, equipmentLn 10c$11.0M$10.5M
Total assetsLn 16$11.4M$12.3M
LiabilitiesLn 26$9.9M$10.7M
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K$6K
Pay of current officers, directors and key staffLn 5$432K$361K$69K$2K
Pay of disqualified personsLn 6$132K$111K$21K$529
Other salaries and wagesLn 7$4.7M$3.9M$745K$19K
Pension plan contributionsLn 8$4K$4K$704$18
Other employee benefitsLn 9$724K$606K$115K$3K
Payroll taxesLn 10$462K$386K$74K$2K
Management feesLn 11a$73K$61K$12K$293
Legal feesLn 11b$42K$35K$7K$168
Accounting feesLn 11c$31K$26K$5K$125
Other fees for servicesLn 11g$204K$171K$33K$815
Advertising and promotionLn 12$18K$15K$3K$73
Office expensesLn 13$57K$47K$10K$251
OccupancyLn 16$659K$551K$105K$3K
TravelLn 17$38K$32K$6K$152
Conferences, conventions and meetingsLn 19$550$460$88$2
InterestLn 20$341K$341K
Depreciation, depletion and amortizationLn 22$545K$456K$87K$2K
InsuranceLn 23$71K$60K$11K$285
Other expenses (24a–d)Ln 24$314K$263K$50K$1K
All other expensesLn 24e$9K$8K$1K$37
Total functional expensesLn 25$8.8M$7.1M$1.7M$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $9.0M$8.8M$147K$1.6M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $8,991,009 across 7 lines filed
VIII-1e Government grants$318,816
VIII-1f All other contributions, gifts and grants$135,931
VIII-1h Total contributions, gifts and grants$454,747
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,522,411$8,522,411
VIII-3 Investment incomeExcluded from tax $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,849$13,849
VIII-12 Total revenueRelated to mission $8,522,411 · Unrelated business $0 · Excluded from tax $13,851$8,991,009
Part IX · Statement of functional expenses $8,843,768 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $5,500$5,500
IX-5 Pay of current officers, directors and key staffPrograms $361,224 · Management $68,771 · Fundraising $1,727$431,722
IX-6 Pay of disqualified personsPrograms $110,759 · Management $21,087 · Fundraising $529$132,375
IX-7 Other salaries and wagesPrograms $3,915,411 · Management $745,426 · Fundraising $18,717$4,679,554
IX-8 Pension plan contributionsPrograms $3,700 · Management $704 · Fundraising $18$4,422
IX-9 Other employee benefitsPrograms $605,990 · Management $115,370 · Fundraising $2,897$724,257
IX-10 Payroll taxesPrograms $386,322 · Management $73,549 · Fundraising $1,847$461,718
IX-11a Management feesPrograms $61,316 · Management $11,674 · Fundraising $293$73,283
IX-11b Legal feesPrograms $35,141 · Management $6,690 · Fundraising $168$41,999
IX-11c Accounting feesPrograms $26,049 · Management $4,960 · Fundraising $125$31,134
IX-11g Other fees for servicesPrograms $170,772 · Management $32,511 · Fundraising $815$204,098
IX-12 Advertising and promotionPrograms $15,176 · Management $2,890 · Fundraising $73$18,139
IX-13 Office expensesPrograms $47,127 · Management $10,021 · Fundraising $251$57,399
IX-16 OccupancyPrograms $550,998 · Management $104,901 · Fundraising $2,634$658,533
IX-17 TravelPrograms $31,741 · Management $6,043 · Fundraising $152$37,936
IX-19 Conferences, conventions and meetingsPrograms $460 · Management $88 · Fundraising $2$550
IX-20 InterestManagement $340,952$340,952
IX-22 Depreciation, depletion and amortizationPrograms $456,334 · Management $86,877 · Fundraising $2,181$545,392
IX-23 InsurancePrograms $59,687 · Management $11,363 · Fundraising $285$71,335
IX-24 Other expenses (24a–d)Programs $262,940 · Management $50,060 · Fundraising $1,257$314,257
IX-24e All other expensesPrograms $7,708 · Management $1,468 · Fundraising $37$9,213
IX-25 Total functional expensesPrograms $7,114,355 · Management $1,695,405 · Fundraising $34,008$8,843,768
Part X · Balance sheet $12,310,135 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $206,088$1,343,522
X-2 Savings and temporary cash investmentsStart of year $40,387$71,040
X-3 Pledges and grants receivableStart of year $85,079$172,582
X-4 Accounts receivableStart of year $41,025$21,214
X-9 Prepaid expenses and deferred chargesStart of year $448$23,356
X-10c Land, buildings and equipment, netStart of year $11,009,746$10,493,655
X-15 Other assetsStart of year $0$184,766
X-16 Total assetsStart of year $11,382,773$12,310,135
X-17 Accounts payable and accrued expensesStart of year $1,529,125$1,077,448
X-25 Other liabilitiesStart of year $870,742$2,517,077
X-26 Total liabilitiesStart of year $9,926,674$10,706,795
X-27 Net assets without donor restrictionsStart of year $1,362,385$1,439,031
X-28 Net assets with donor restrictionsStart of year $93,714$164,309
X-32 Total net assets or fund balancesStart of year $1,456,099$1,603,340
X-33 Total liabilities and net assetsStart of year $11,382,773$12,310,135
Part XI · Reconciliation of net assets $1,603,340 net assets at year end
XI-1 Total revenue$8,991,009
XI-2 Total expenses$8,843,768
XI-3 Revenue less expenses$147,241
XI-4 Net assets at start of year$1,456,099
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,603,340

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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