St Stephens Foundation (Yearly income of $1.63 million)

St. Stephens Foundation (EIN: 86-0928860) was a shell corporation of St. Anthony’s Greek Orthodox Monastery in Florence, AZ and listed as an independent auxillary. The monastery registered it as a “Roman Catholic” organization. It’s revocation date was in 2014. During the time of it’s existence, it had one of the highest incomes for a nonprofit in Arizona. Their 990 Form lists contributions received as “$1,600,300” and expenses were listed as “$1,629,116”.

Archimandrite Paisios
Abbot Paisios

According to Corporation Records, “Abbot Paisios” (no last name) is the Principal for St Stephens Foundation. The monks use to laugh whenever Abbot Paisios signed official documents as “Abbot Paisios” because they thought he was pulling one over on the system. However, rumor was at the time that Georgios legally changed his name to “Abbot Paisios” (though some monks said it was legally changed to “Father Paisios” or “Archimandrite Paisios”). Similarly, Hieromonk Chrysostomos would also use “Father Chrysostomos” on official records, such as his “Orthodox Ecclesia Press Inc.” which eventually had its exempt status revoked by the IRS for failure to file a Form 990, 990-EZ, 990-N, or 990-PF for 3 consecutive years. 

According to their 990 Form, St. Stephens Foundation is in the care of Dr. Constantine Moschonas, MD from Scottsdale, AZ. The address for the St Stephens Foundation is a house on Sycamore St. owned by the Koulouris Family. The phone # is listed as 520-836-9322 (This happens to be the number for Alan Crockett, which is a financial advisory firm for tax return preparation: 1266 E. Florence Blvd., Ste. 6, Casa Grande, AZ)

104 S. Sycamore St., Florence AZ.
104 S. Sycamore St., Florence AZ.

St Stephens Foundation is a tax-exempt charitable organization. Contributions are deductible. St Stephens reported $300 in assets as of year-end, placing it as one slightly smaller than the average organization. However, the reported income for St. Stephens Foundation was $1.63 million, which makes it one of the highest income nonprofits.

 

Records of the directors show the following:

St Stephens Foundation 1a

St Stephens Foundation 2a

On January 16th, 1999, the following individuals were elected to office as Additional Members of the Board of Directors:

  • John Mitchell of West Virginia
  • Theophanis Tsolitsos of Astoria, NY
  • Maria Tsolitsos of Astoria, NY
  • George Giannaris of Regina, SK (Canada)
  • George Koulouris of Whitestone, NY
  • Efstratios Madina of Mesa, AZ
  • Alex Trigonis of Santa Barbara, CA (Brother of Rassaphore Monk, Arsenios Trigonis who is the dentist at St. Anthony’s Greek Orthodox Monastery)

St Stephens Foundation 2000 Additional Board members

The May 1st Foundation in Brookfield, WI, is a payee of the St Stephens Foundation.

In 2001, the following individuals were elected to office:

  • Dr. Constantine Moschonas, MD of Scottsdale, AZ
  • Bernie Dvorak of Gilbert, AZ
St Stephens Foundation Balance Sheet 2007, Total Assets: $668,180.
St Stephens Foundation Balance Sheet 2007, Total Assets: $668,180.
Pete Koulouris replaces George Koulouris as statutory agent (2012).
Pete Koulouris replaces George Koulouris as statutory agent (2012).

St. Stephens Foundation 990 Form for Tax Year of 2009

St. Stephens Foundation 990 Form for tax Year of 2010

St. Stephens Foundation CSV Spreadsheet for 2011/2012

May 1st Foundation (Payee of St Stephens Foundation)

May 1st Foundation 990 Form for Tax Year of 2010

May 1st Foundation 990 Form for Tax Year of 2011

May 1st Foundation 990 Form for Tax Year of 2012

May 1st Foundation 990 Form for Tax Year of 2013

Spreadsheet