Steven Gerencser Sch P Calasanctius Fund
- Assets
- $928.2k
- Revenue
- $46.0k
- Investments
- $907.9k
- Employees
- 0
- Location
- Williamsville, NY
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 16-1488251
Organization Overview
Steven Gerencser Sch P Calasanctius Fund is located in Williamsville, NY. The organization was established in 1996. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steven Gerencser Sch P Calasanctius Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Steven Gerencser Sch P Calasanctius Fund generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $42.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS FACILITATING STUDIES BY HUNGARIAN AND OTHER CENTRAL EUROPEAN STUDENTS IN COLLEGES, UNIVERSITIES, TEACHING HOSPITALS AND OTHER EDUCATIONAL INSTITUTIONS LOCATED IN THE UNITED STATES AND THEREBY ENCOURIGING THE DEVELOPMENT OF CENTRAL EUROPEAN DEMOCRACIES WHILE ENRICHING THE CULTURAL DIVERSITY OF NORTH AMERICAN EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Wm Forgach Trustee | 20 | $0 | |
Kathleen Forgach Trustee | 5 | $0 | |
Nandor Forgach Trustee | 5 | $0 | |
Reka Forgach Trustee | 5 | $0 | |
Anna Forgach Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $25,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,737 |
| Capital Gain Net Income | $20,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,391 |
| Printing and publications | $0 |
| Other expenses | $9,141 |
| Total operating and administrative expenses | $24,532 |
| Contributions, gifts, grants paid | $17,572 |
| Total expenses and disbursements | $42,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,343 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $928,207 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Steven Gerencser Sch P Calasanctius Fund has awarded $13,232 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HUNGARIAN SCOUTS ASSOCIATION PURPOSE: TO ADVANCE MISSION OF THE HUNGARIAN SCOUT ASSOCIATION. | $6,182 |
HUNGARIAN AMERICAN SOCIAL CLUB PURPOSE: TO FUND CURRENT OPERATIONS | $1,850 |
HUNGARIAN AMERICAN COALITION PURPOSE: TO ADVANCE MISSION | $1,600 |
CATHOLIC CHARITIES OF BUFFALO PURPOSE: FOR OPERATIONAL SUPPORT | $1,250 |
ST BENEDICT'S SCHOOL PURPOSE: TO SUPPORT EDUCATIONAL ACTIVITIES | $1,200 |
ST JUDES CHILDREN'S RESEARCH HOSPITAL PURPOSE: TO SUPPORT MEDICAL MISSION | $1,150 |