Cleveland Hungarian Heritage Society
- Assets
- $644.2k
- Revenue
- $94.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 34-1488375
Organization Overview
Cleveland Hungarian Heritage Society is located in Cleveland, OH. The organization was established in 1986. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Hungarian Heritage Society 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 12/2021, Cleveland Hungarian Heritage Society generated $94.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $92.5k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PRESENT HUNGARIAN CULTURE IN GENERAL AND IN SPECIFIC WITHIN NORTHEAST OHIO REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM HAS A PERMANENT EXHIBIT. IN 2021, THE MUSEUM WAS MOSTLY CLOSED TILL MID-YEAR. ON JULY 17TH, A SPECIAL EXHIBIT OPENING WAS HELD THE EXHIBIT TOPICS ARE CHOSEN BY THE CURATOR.
SEE ABOVE OTHER EXHIBITS WERE MOSTLY ON-LINE THROUGH YOUTUBE, FB AND MAILCHIMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janos Szigeti President | Officer | 3 | $0 |
Hajnalka Kezdi Treasurer | Officer | 5 | $0 |
Andrea Meszaros Vice-President | Officer | 5 | $0 |
Marian Gandolfo Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,395 |
| Fundraising events | $21,348 |
| Related organizations | $0 |
| Government grants | $8,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,373 |
| Total Program Service Revenue | $776 |
| Investment income | $25,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,745 |
| Advertising and promotion | $1,380 |
| Office expenses | $5,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,494 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,279 |
| Total functional expenses | $92,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,412 |
| Savings and temporary cash investments | $28,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,066 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $565,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $461 |
| Total liabilities | $461 |
| Net assets without donor restrictions | $48,344 |
| Net assets with donor restrictions | $595,349 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $644,154 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland Hungarian Heritage Society has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $809,598 |
| Earnings | $140,669 |
| Admin Expense | $224 |
| Other Expense | $33,400 |
| Ending Balance | $916,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
Telugu Association Of North America Incorporated Novi, MI | $0 | $4,245,639 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
Detroit Jewish News Foundation Inc Farmington Hills, MI | $926,264 | $1,523,999 |
Center For Black Educator Development Elkins Park, PA | $576,593 | $2,351,434 |
Holland Tulip Time Festival Inc Holland, MI | $1,138,959 | $1,752,331 |
Lahc Leaders Advancing And Helping Communities Dearborn, MI | $3,675,898 | $2,177,958 |
Taller Puertorriqueno Inc Philadelphia, PA | $15,867,695 | $1,278,094 |
African Cultural Alliance Of North America Inc Philadelphia, PA | $1,135,477 | $1,846,684 |
G A F Society Oregon, OH | $1,529,004 | $1,714,642 |
Cleveland Guardians Charities Inc Cleveland, OH | $4,142,503 | $1,831,941 |