Overview
What is Kardamylian Foundation Inc?
Kardamylian Foundation Inc is a nonprofit organization situated in New York, New York. Their primary mission is to support and enhance educational and charitable activities for the benefit of the village of Kardamylia, located on the Greek island of Chios. The foundation's initiatives include providing scholarships for local students, restoring and building public infrastructure, preserving Kardamylian art and culture, and educating the public about the village's history and culture. Additionally, they collect and display social, historical, and culturally significant artifacts. The foundation's grant funds were previously utilized to renovate classrooms and improve the school infrastructure, thereby enhancing the educational facilities for the youth.
Official website here: www.kardamylianfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Kardamylian Foundation Inc has received a 76% score from Charity Navigator, which reflects a solid performance in the category of Accountability & Finance. The organization boasts an impressive record with 100% of its board members being independent, which enhances its governance structure. Additionally, the charity has demonstrated fiscal responsibility with a liabilities to assets ratio of 0.00% and a high program expense ratio of 93.88%, indicating that a significant portion of its expenditures directly supports its mission.
However, the assessment also reveals some notable limitations. The foundation is lacking in several important policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received zero points. These omissions could raise concerns regarding the organization's operational transparency and governance practices.
Despite these shortcomings, the Kardamylian Foundation's overall financial health and accountability are commendable. The charity's commitment to maintaining a fully independent board and its strong focus on program expenses suggest it is dedicated to effectively serving its mission while maintaining accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kardamylian Foundation Inc legitimate?
Kardamylian Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kardamylian Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.kardamylianfoundation.com
What is the mission statement of Kardamylian Foundation Inc?
The Kardamylian Foundation's mission is to establish, develop, fund, and support educational and charitable activities for the benefit of a specific village. The foundation aims to provide scholarships for local students, construct and restore public buildings and infrastructure, preserve social, historical, and cultural artifacts, promote the preservation of local art and culture, and educate the public about the village's history and culture. The foundation's activities and programs are designed to positively impact the community and promote its heritage.
Official website here: www.kardamylianfoundation.com
What is the revenue of Kardamylian Foundation Inc?
Kardamylian Foundation Inc's revenue in 2023 was $32,336.
Official website here: www.kardamylianfoundation.com
Who are the executives of Kardamylian Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.kardamylianfoundation.com
Where can I find the form 990 for Kardamylian Foundation Inc?
Kardamylian Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kardamylianfoundation.com
Learn more at the official website: www.kardamylianfoundation.com
Mission Statement of Kardamylian Foundation Inc
The Kardamylian Foundation Inc is committed to establishing, developing, funding, and supporting educational and charitable activities for the betterment of the village of Kardamylia, located on the island of Chios, Greece. The foundation's activities and programs encompass a variety of initiatives. Firstly, it provides scholarships for students hailing from Kardamylia. Secondly, the foundation engages in building and restoring public buildings and infrastructure within the village. Thirdly, it collects and preserves social, historical, and culturally significant artifacts and items. Fourthly, the foundation supports and promotes the preservation of Kardamylian art and cultures. Lastly, it educates the public about the rich history and culture of Kardamylia. In essence, the Kardamylian Foundation Inc aims to uplift and enrich the village of Kardamylia through various educational and charitable initiatives.
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Impact
October, 2024
Kardamylian Foundation Inc significantly impacts the village of Kardamyla on the island of Chios, Greece, by fostering educational and cultural initiatives that enhance the local community. Through the provision of scholarships, the foundation empowers Kardamylian students, giving them access to quality education and opportunities for personal growth.
The foundation also plays a vital role in improving community infrastructure, as seen in its grants for the renovation of local schools. These enhancements not only upgrade educational facilities but also create a more conducive learning environment for the youth.
Furthermore, Kardamylian Foundation Inc actively works to preserve the rich cultural heritage and history of Kardamyla. By supporting public collections of social, historical, and cultural significance, and promoting awareness of Kardamylian art and traditions, the foundation helps to maintain the village’s distinctive identity.
Overall, the foundation’s multifaceted approach—from education and infrastructure development to cultural preservation—creates a lasting positive influence on the community, fostering a sense of pride and continuity among the residents of Kardamyla.
This information is meant to be a general summary of Kardamylian Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $13,549
- Gross Receipts: $465,419
Assets and Liabilities:
- Total Assets: $1,021,844
- Total Liabilities: $0
- Net Assets: $1,021,844
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Organization Details
Founding Year
1999
Principal Officer
Vyron Varonis
NTEE Category
Code: Q99 - International
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