Hungarian American Athletic Club
- Assets
- $376.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Brunswick, NJ
- Founding
- 05/1961
- Data as of
- 12/2021
- EIN
- 22-1658046
Organization Overview
Hungarian American Athletic Club is located in New Brunswick, NJ. The organization was established in 1961. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hungarian American Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Hungarian American Athletic Club generated $158.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $113.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CELEBRATION OF HUNGARIAN HERITAGE THOUGH VARIOUS SOCIAL EVENTS AND THE ANNUAL FESTIVAL. THE ANNUAL HUNGARIAN FESTIVAL CELEBRATES THE HUNGARIAN CULTURE WITH FOOD, MUSIC, AND DANCING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denisa Varga-Bottova President | 12 | $0 | |
Joseph Homoki First Vice Pres | 4 | $0 | |
Imola Mihaly Treasurer | 24 | $0 | |
Attila Entersz 2nd Vice Presid | 4 | $0 | |
Mozes Kovacs Corresp Secy | 4 | $0 | |
Zsuzsa Kovacs Recording Secy | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,121 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $83,581 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $850 |
| Total Revenue | $158,440 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $71,083 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,630 |
| Total expenses | $113,713 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $296,562 |
| Other assets | $0 |
| Total assets | $376,509 |
| Total liabilities | $0 |
| Net assets or fund balances | $376,509 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hungarian American Athletic Club has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Kleinert Fam Foundation Ua 02132014 Greenwich, CT PURPOSE: CHARITABLE NEEDS | $3,000 |
Kleinert Fam Foundation Ua 02132014 Greenwich, CT PURPOSE: CHARITABLE NEEDS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |