Overview
What is Hellenic Initiative Inc?
Hellenic Initiative Inc is a nonprofit organization situated in New York, specifically at 750 Lexington Ave 9th Floor. Their primary mission is to offer charitable and humanitarian aid in Greece, aiming to alleviate the challenges brought about by the economic crisis. The organization focuses on three key areas to contribute to Greece's long-term recovery: crisis relief, entrepreneurship, and economic development. By implementing programs in these sectors, Hellenic Initiative Inc aims to provide a critical safety net to families and individuals impacted by the economic downturn. With a small yet dedicated team of one employee, the organization's mission is to support and shape Greece's growth as it navigates its economic recovery.
Official website here: www.thehellenicinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Hellenic Initiative Inc has received an overall score of 84%, reflecting a solid performance particularly in accountability and finance. The organization boasts a fully independent board, strong financial oversight, and no reported material diversions of assets, which indicates a robust governance structure. Their transparency is further supported by proper financial documentation and policies, although the absence of a whistleblower policy and document retention guidelines is noted as a limitation.
The charity's financial ratios indicate a healthy financial status, with a low liabilities to assets ratio of 6.15% and a fundraising efficiency of $0.16, suggesting effective use of funds raised. However, the program expense ratio of 57.21% is lower than desired, which may raise concerns about the proportion of funds allocated to direct program activities compared to administrative costs.
Overall, Hellenic Initiative Inc demonstrates strong accountability practices and financial health, but potential donors may want to consider the organization's relatively low program expense ratio when assessing its effectiveness in delivering on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hellenic Initiative Inc legitimate?
Hellenic Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hellenic Initiative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,914
For more financial information, click here
Official website here: www.thehellenicinitiative.org
What is the mission statement of Hellenic Initiative Inc?
The Hellenic Initiative Inc is a nonpartisan, secular organization dedicated to undertaking charitable and humanitarian acts and services in Greece. Their mission is to provide relief, recovery, and renewal for Greece as it navigates its economic crisis. This is achieved through strategic initiatives in three critical areas: crisis relief, entrepreneurship, and economic development. The Hellenic Initiative aims to contribute to Greece's long-term recovery and growth, shaping its future positively.
Official website here: www.thehellenicinitiative.org
Who is the CEO of Hellenic Initiative Inc?
George P Stamas is the Board Member of Hellenic Initiative Inc.
Official website here: www.thehellenicinitiative.org
What is the revenue of Hellenic Initiative Inc?
Hellenic Initiative Inc's revenue in 2022 was $2,464,533.
Official website here: www.thehellenicinitiative.org
Who are the executives of Hellenic Initiative Inc and what are their salaries?
The average compensation at Hellenic Initiative Inc during 2022 was $164,914. There is 1 employee at Hellenic Initiative Inc.
Here are 44 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $190,822
- Related: $0
- Other: $0
- Compensation: $105,000
- Related: $0
- Other: $0
Official website here: www.thehellenicinitiative.org
Where can I find the form 990 for Hellenic Initiative Inc?
Hellenic Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehellenicinitiative.org
Learn more at the official website: www.thehellenicinitiative.org
Mission Statement of Hellenic Initiative Inc
The Hellenic Initiative, a nonpartisan and secular organization, is dedicated to undertaking charitable and humanitarian acts and services in Greece. This initiative is committed to alleviating the impact of the worsening economic crisis in Greece, with a focus on providing relief, recovery, and renewal. The organization's strategies are centered around three key areas that are critical to shaping Greece's growth as it emerges from the economic downturn: crisis relief, entrepreneurship, and economic development. By implementing programs in these areas, the Hellenic Initiative aims to contribute to Greece's long-term recovery and help shape its future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hellenic Initiative Inc undertakes charitable and humanitarian acts in Greece, focusing on crisis relief. The organization supports high-impact initiatives that provide a critical safety net to families affected by the economic crisis. Hellenic Initiative's mission is to contribute to the relief, recovery, and renewal of Greece while shaping the country's long-term recovery in response to the economic crisis. Their strategies involve building programs in crisis relief, entrepreneurship, and economic development to support Greece's growth as it emerges from the crisis.
This information is meant to be a general summary of Hellenic Initiative 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 2022.
- Investment Income: $32,943
- Gross Receipts: $3,584,288
Assets and Liabilities:
- Total Assets: $3,020,856
- Total Liabilities: $186,048
- Net Assets: $2,834,808
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(646) 926-1972Principal Officer
George P Stamas
Main Address
750 LEXINGTON AVE 9TH FLOOR, NEW YORK, NY, 10022
NTEE Category
Code: Q11 - International
If you are a representative of Hellenic Initiative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.