Overview
What is Hellenic American Academy Foundation?
The Hellenic American Academy Foundation is a distinguished nonprofit organization situated in Deerfield, Illinois, USA. Its primary mission is to serve as a leading educational and cultural hub for Hellenism in the United States, renowned for its academic excellence, strong sense of community, and dedication to promoting Greek heritage and faith. The foundation operates an independent, bilingual private school, offering weekend and evening programs as well. With a dedicated workforce of 63 individuals, the Hellenic American Academy Foundation is committed to fostering a thriving educational environment that celebrates Greek culture and traditions.
Official website here: www.hellenicamericanacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (51%)
The Hellenic American Academy Foundation has received a low rating of 51% from Charity Navigator, indicating significant areas for improvement in accountability and finance. The organization lacks independent board members and has not provided comprehensive financial statements, which raises concerns about transparency and governance practices. While it does show some strengths, such as a high program expense ratio of 78.63%, indicating that a large portion of its funds goes directly to programs, the overall financial management and oversight practices are lacking.
Furthermore, the foundation has several missing policies that are critical for sound governance, including a whistleblower policy and a document retention and destruction policy. These shortcomings point to potential risks in operational integrity and accountability. Although the organization has documented board meeting minutes and a conflict of interest policy in place, the absence of key policies suggests a need for better organizational policies to safeguard against mismanagement.
In summary, while the Hellenic American Academy Foundation does allocate a significant percentage of its expenses toward programs, the lack of independent oversight and missing governance policies present serious concerns about its overall effectiveness and accountability. Potential donors and supporters may want to consider these factors when evaluating the foundation's operational health and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hellenic American Academy Foundation legitimate?
Hellenic American Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hellenic American Academy Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,418,407
For more financial information, click here
Official website here: www.hellenicamericanacademy.org
What is the mission statement of Hellenic American Academy Foundation?
The Hellenic American Academy Foundation aims to establish itself as the leading educational and cultural center for Hellenism in the United States, recognized for its academic excellence, strong sense of community, and promotion of Greek heritage and faith. The foundation's school programs include providing an independent, bilingual, private school, along with weekend and evening classes.
Official website here: www.hellenicamericanacademy.org
Who is the CEO of Hellenic American Academy Foundation?
Demetrios Logothetis is the Treasurer of Hellenic American Academy Foundation.
Official website here: www.hellenicamericanacademy.org
What is the revenue of Hellenic American Academy Foundation?
Hellenic American Academy Foundation's revenue in 2023 was $2,718,169.
Official website here: www.hellenicamericanacademy.org
Who are the executives of Hellenic American Academy Foundation and what are their salaries?
The average compensation at Hellenic American Academy Foundation during 2023 was $22,514. There are 63 employees and 25 volunteers at Hellenic American Academy Foundation.
Here are 5 key members and their salaries:
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Official website here: www.hellenicamericanacademy.org
Where can I find the form 990 for Hellenic American Academy Foundation?
Hellenic American Academy Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hellenicamericanacademy.org
Learn more at the official website: www.hellenicamericanacademy.org
Mission Statement of Hellenic American Academy Foundation
The Hellenic American Academy Foundation aims to establish itself as the leading educational and cultural center for Hellenism in the United States. Recognized for its academic excellence, strong sense of community, and promotion of Greek heritage and faith, this organization strives to make significant contributions in these areas.
In pursuit of this mission, the Hellenic American Academy Foundation has established an independent, bilingual private school. Beyond the regular school hours, the Academy also offers weekend and evening programs, further extending its reach and commitment to education. By providing these programs, the Academy seeks to foster a deep appreciation for Greek culture and traditions among its students. The ultimate goal is to nurture well-rounded individuals who carry the legacy of Hellenism with pride.
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Impact
October, 2024
The Hellenic American Academy Foundation serves as a vital educational and cultural hub for Hellenism in the United States. With a commitment to academic excellence, it fosters a strong sense of community while promoting Greek heritage and faith. The foundation offers a bilingual, independent school that provides rigorous academic programs, enabling students to thrive in both educational and cultural realms.
In addition to its primary school offering, the foundation hosts weekend and evening school programs, ensuring that Greek language and culture remain accessible to all members of the community. This inclusive approach not only enriches students' educational experiences but also strengthens cultural ties among families, encouraging them to embrace and celebrate their heritage.
By nurturing the next generation of leaders and cultural ambassadors, the Hellenic American Academy Foundation significantly impacts the preservation and promotion of Greek traditions in a diverse society. Its dedication to fostering a vibrant and engaged community helps to ensure that Hellenism continues to flourish in the United States.
This information is meant to be a general summary of Hellenic American Academy Foundation. 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.
- Program Service Revenue: $1,575,582
- Gross Receipts: $2,792,980
Assets and Liabilities:
- Total Assets: $5,569,088
- Total Liabilities: $3,280,094
- Net Assets: $2,288,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEE INCOME
Revenue
$1,519,849
SUMMER CAMP
Revenue
$49,760
CULTURAL PROGRAMS
Revenue
$5,973
Organization Details
Founding Year
2005
Phone
(847) 317-1063Principal Officer
Demetrios Logothetis
Main Address
445 PINE STREET, DEERFIELD, IL, 60015
NTEE Category
Code: B20 - Education
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