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Gerondelis Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.42M (2024)

Expenses
$2.38M (2024)

Total Assets
$7.04M (2024)

Total Liabilities
$1.19M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,416,815
Expenses
$2,380,155
Net Income
$36,660
Net Assets
$5,846,020
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $460
0.0%
Dividends $45,164
1.9%
Sales of Assets $0
Other Income $112,615
4.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,871,735
78.6%
Compensation of Officers* $82,000
3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,038,867
Total Liabilities $1,192,847
Net Assets $5,846,020
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Joanna Demakis (Director) $8,000 $0
Irene C Duros (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
Nicholas T Zervas (Director) $2,000 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,156,758
Expenses
$1,914,363
Net Income
$242,395
Net Assets
$5,809,360
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $407
0.0%
Dividends $43,599
2.0%
Sales of Assets $0
Other Income $44,834
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,378,680
72.0%
Compensation of Officers* $82,000
4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,860,777
Total Liabilities $1,051,417
Net Assets $5,809,360
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Joanna Demakis (Director) $8,000 $0
Irene C Duros (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
Nicholas T Zervas (Director) $2,000 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,079,079
Expenses
$2,372,248
Net Income
-$293,169
Net Assets
$5,566,965
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,418
0.1%
Dividends $48,626
2.3%
Sales of Assets $0
Other Income $48,114
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,056,416
86.7%
Compensation of Officers* $82,000
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,402,585
Total Liabilities $835,620
Net Assets $5,566,965
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Joanna Demakis (Director) $8,000 $0
Irene C Duros (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
Nicholas T Zervas (Director) $2,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,111,170
Expenses
$1,197,034
Net Income
$914,136
Net Assets
$5,860,134
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $479
0.0%
Dividends $70,192
3.3%
Sales of Assets $0
Other Income $99,706
4.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,575,357
> 100%
Compensation of Officers* $86,000
7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,658,134
Total Liabilities $798,000
Net Assets $5,860,134
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Joanna Demakis (Director) $8,000 $0
Irene C Duros (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
Nicholas T Zervas (Director) $6,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,050,168
Expenses
$1,447,977
Net Income
$602,191
Net Assets
$4,972,702
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $488
0.0%
Dividends $23,217
1.1%
Sales of Assets $0
Other Income $65,964
3.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,499,917
> 100%
Compensation of Officers* $88,000
6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,527,096
Total Liabilities $1,554,394
Net Assets $4,972,702
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Nondas Lagonakis (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0
Joanna Demakis (Director) $8,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,971,059
Expenses
$1,101,392
Net Income
$869,667
Net Assets
$4,397,905
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $616
0.0%
Dividends $33,114
1.7%
Sales of Assets $6,536
0.3%
Other Income $12,500
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,624,500
> 100%
Compensation of Officers* $82,000
7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,271,935
Total Liabilities $1,874,030
Net Assets $4,397,905
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Nondas Lagonakis (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $2,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,068,631
Expenses
$2,301,683
Net Income
-$233,052
Net Assets
$3,547,134
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $762
0.0%
Dividends $31,223
1.5%
Sales of Assets $119,938
5.8%
Other Income $22,582
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,918,203
83.3%
Compensation of Officers* $86,000
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,072,458
Total Liabilities $2,525,324
Net Assets $3,547,134
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0
Nondas Lagonakis (Director) $6,000 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,958,389
Expenses
$1,769,527
Net Income
$188,862
Net Assets
$6,212,802
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $766
0.0%
Dividends $31,409
1.6%
Sales of Assets $108,922
5.6%
Other Income $6,253
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,609,111
90.9%
Compensation of Officers* $84,000
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,212,802
Total Liabilities $0
Net Assets $6,212,802
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Treasurer) $8,000 $0
Gregory C Demakis Esq (President) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0
Nondas Lagonakis (Director) $4,000 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,746,251
Expenses
$1,915,701
Net Income
-$169,450
Net Assets
$6,041,153
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $83
0.0%
Dividends $27,226
1.6%
Sales of Assets -$66,297
Other Income $7,779
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,745,218
91.1%
Compensation of Officers* $88,000
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,041,153
Total Liabilities $0
Net Assets $6,041,153
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Director) $8,000 $0
Gregory C Demakis Esq (Director) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Nondas Lagonakis (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,872,167
Expenses
$1,485,096
Net Income
$387,071
Net Assets
$6,227,576
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $864
0.0%
Dividends $29,375
1.6%
Sales of Assets $220,867
11.8%
Other Income $10,518
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,325,472
89.3%
Compensation of Officers* $88,000
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,344,309
Total Liabilities $116,733
Net Assets $6,227,576
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Director) $8,000 $0
Gregory C Demakis Esq (Director) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Nondas Lagonakis (Director) $8,000 $0
Arthur Kourkoulis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,666,801
Expenses
$1,348,847
Net Income
$317,954
Net Assets
$5,872,099
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,172
0.1%
Dividends $24,459
1.5%
Sales of Assets $18,855
1.1%
Other Income $14,350
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,183,164
87.7%
Compensation of Officers* $92,000
6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,872,099
Total Liabilities $0
Net Assets $5,872,099
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Director) $8,000 $0
Gregory C Demakis Esq (Director) $8,000 $0
Paul C Demakis Esq (Director) $8,000 $0
Dr Nicholas T Zervas (Director) $8,000 $0
Thomas L Demakis (Director) $8,000 $0
Christopher Scangas (Director) $8,000 $0
John N Demakis (Director) $8,000 $0
T Phillip Comenos (Director) $8,000 $0
Nondas Lagonakis (Director) $8,000 $0
Arthur Kourkousis (Director) $8,000 $0
Irene Duros (Director) $8,000 $0
Russell Smith (Director) $4,000 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,588,745
Expenses
$950,792
Net Income
$637,953
Net Assets
$5,585,723
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,435
0.1%
Dividends $21,528
1.4%
Sales of Assets -$9,959
Other Income $132,053
8.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $818,130
86.0%
Compensation of Officers* $22,000
2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,623,980
Total Liabilities $38,257
Net Assets $5,585,723
Compensation
Key Employees and Officers Compensation Other
Thomas C Demakis Esq (Director) $2,000 $0
Gregory C Demakis Esq (Director) $2,000 $0
Paul C Demakis Esq (Director) $2,000 $0
Christopher Scangas (Director) $2,000 $0
T Phillip Comenos (Director) $2,000 $0
Nondas Lagonakis (Director) $2,000 $0
Arthur Kourkousis (Director) $2,000 $0
Irene Duros (Director) $2,000 $0
Dr Nicholas T Zervas (Director) $1,500 $0
Thomas L Demakis (Director) $1,500 $0
Russell Smith (Director) $1,500 $0
John N Demakis (Director) $1,500 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$669,827
Expenses
$531,129
Net Income
$138,698
Net Assets
$5,059,531
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $902
0.1%
Dividends $28,242
4.2%
Sales of Assets $2
0.0%
Other Income $10,907
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $509,129
95.9%
Compensation of Officers* $22,000
4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,197,420
Total Liabilities $137,889
Net Assets $5,059,531

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$656,923
Expenses
$580,639
Net Income
$76,284
Net Assets
$4,909,678
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26
0.0%
Dividends $26,600
4.0%
Sales of Assets $9,712
1.5%
Other Income $10,402
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $560,139
96.5%
Compensation of Officers* $20,500
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,125,774
Total Liabilities $216,096
Net Assets $4,909,678

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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