American Hungarian Friends Of Scouting
- Assets
- $824.9k
- Revenue
- $113.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 34-6572951
Organization Overview
American Hungarian Friends Of Scouting is located in Cleveland, OH. The organization was established in 1970. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Hungarian Friends Of Scouting 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 12/2022, American Hungarian Friends Of Scouting generated $113.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $106.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER HUNGARIAN SCOUTING IN NORTHEAST OHIO THROUGH THE PROVISION OF FACILITIES, FINANCIAL SUPPORT (GENERATED THROUGH FUNDRAISING ACTIVITIES), AND ENHANCING COMMUNITY AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES: THE ORGANIZATION PROVIDES THE SCOUT TROOPS FACILITIES TO HOLD WEEKLY MEETINGS. THE PRIMARY FACILITY IS THE HUNGARIAN SCOUT CENTER IN CLEVELAND, OHIO. OCCUPANCY EXPENSES FOR THE CENTER INCLUDE RENT, UTILITIES, CLEANING, MAINTENANCE AND REPAIRS.
OTHER PROGRAM SERVICES INCLUDE DEPRECIATION, INSURANCE, DONATIONS, GIFTS AND MEMORIALS, NEWSLETTER, BANK CHARGES, OFFICE EXPENSES, INFORMATION TECHNOLOGY, AND ADVERTISING. IT ALSO INCLUDE PAYMENTS TO AFFILIATES, SUCH AS THE HUNGARIAN SCOUT ASSOCIATION IN EXTERIS IN ORDER TO RECEIVE THE BENEFITS OF THESE ORGANIZATIONS FOR OUR SCOUT TROOPS, SUCH AS HE USE OF CAMP FACILITIES AND ACCESS TO TRAINING PROGRAMS.
SCOUTING PROGRAMS: SCOUTS PARTICIPATED IN SEVERAL CAMPS INCLUDING WINTER WEEKEND, SPRING WEEKEND AND FALL WEEKEND OUTINGS. THESE ARE DIRECTLY TIED TO THE ORGANIZATION'S PROGRAM SERVICE GOALS. THE INCOME GENERATED BY THESE ACTIVITIES CONSISTS PRIMARILY OF PARTICIPATION FEES TO COVER THE ACTIVITIES EXPENSES SUCH AS SUPPLIES, FOOD, TRAVEL, OCCUPANCY OR PARTICIPATION FEES. APPROXIMATE 100 SCOUTS BENEFIT FROM THESE ACTIVITIES.
TRAVEL: THE ORGANIZATION PROVIDES FOR TRANSPORTATION OF SCOUTS TO VARIOUS SCOUT PROGRAMS SUCH AS SUMMER CAMP, SKILLS CAMP, LEADERSHIP TRAINING CAMP, ETC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Szentkiralyi President | Officer | 8 | $0 |
Louis Szigeti Vice President | Officer | 2 | $0 |
Andrea Tabor Treasurer | Officer | 2 | $0 |
Frank Jasper Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,942 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,621 |
| Noncash contributions included in lines 1a–1f | $16,966 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,844 |
| Total Program Service Revenue | $10,306 |
| Investment income | $17,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,505 |
| 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 | $6,640 |
| Advertising and promotion | $720 |
| Office expenses | $3,723 |
| Information technology | $12 |
| Royalties | $0 |
| Occupancy | $16,853 |
| Travel | $8,791 |
| 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 | $4,810 |
| Depreciation, depletion, and amortization | $3,263 |
| Insurance | $1,713 |
| All other expenses | $1,980 |
| Total functional expenses | $106,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,660 |
| Savings and temporary cash investments | $119,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,551 |
| Net Land, buildings, and equipment | $55,283 |
| Investments—publicly traded securities | $505,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,690 |
| Total assets | $824,882 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $824,882 |
| Net assets with donor restrictions | $0 |
| 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 | $824,882 |