Loukoumi Make a Difference Foundation INC EIN 46-5599131 Form 990 (PDF) Claim this org

Loukoumi Make a Difference Foundation INC FY2023 filing

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Creates TV specials and events teaching children to make a difference, and implements good deed curricula in schools. For fiscal year 2023 it reported $234K in revenue, $240K in expenses, and $192K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
New York, NY
Website
www.loukoumifoundation.org
Filings
5 on file (2020–2023)
Revenue
$234KFY2023
Expenses
$240K
Net assets
$192K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-5599131 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Creates TV specials and events teaching children to make a difference, and implements good deed curricula in schools.
Leadership
Nicholas Katsoris · President · $112K
Money in and out
$234K revenue, $240K expenses
Bottom line
10% program efficiency
Where the money goes · FY2023
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.10 Management & general $0.90
Program efficiency
10%
of spending reaches programs
Operating runway
10.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$234K
FY2023▲ +91%
Expenses
$240K
FY2023
Total assets
$200K
FY2023
Total liabilities
$8K
FY2023
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$200K
Program-expense ratioPt IX · col B10%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLoukoumi Make a Difference Foundation INC
EINHdr · item D46-5599131
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.loukoumifoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O12)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$112,019Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicholas Katsoris’s $134K as President is at the 96th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Nicholas Katsoris$133,846$112,019

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $24K of program spending, described in the organization's own filed words · FY2023.
01

The loukoumi foundation treatment room at the ST jude hospital

$12Kprogram expense
02

Sponsor curriculum in schools

$12Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$225K · 96%
Investment income$9K · 4%
Contributions & grants96%$225K
Investment income4%$9K
Total revenueLn 12$234K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.10 Management & general $0.90
Program services10%$24K
Management & general90%$217K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$200K
Total assetsLn 16$200K
Total liabilitiesLn 26$8K
Total net assetsLn 32$192K
Months of cash on handcomputed10.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $200K · Operating expenses/yr $240K
10.0 months
Where the money goes
Program services
Program services $24K · Total expenses $240K
10%
Management & General
Management & general $217K · Total expenses $240K
90%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $225K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $234K
96%
Government reliance
Government grants — · Total revenue $234K
Earned-income share
Program service revenue $0 · Total revenue $234K
0%
Investment reliance
Investment income $9K · Total revenue $234K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $240K
0%
Growth & trend
Revenue growth (YoY)
This year $234K · Prior year $123K
+91%
Net-asset trend (YoY)
End of year $192K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $234K · Expenses $240K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $200K
Net-asset ratio
Net assets $192K · Total assets $200K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $200K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicholas Katsoris · Reported title PRESIDENT · Highest reported compensation $112K · Total expenses $240K
47%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $240K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 10%
Overhead ratio 90%
Fundraising cost ratio 0%
Revenue growth 91%
Accounting fee ratio 0.3%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$88K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$334K revenue · ⤓ 990 PDF
FY2023$234K revenue · viewing · ⤓ 990 PDF
FY2022$123K revenue · ⤓ 990 PDF
FY2021$115K revenue · ⤓ 990 PDF
FY2020$36K revenue · ⤓ 990 PDF

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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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