Hungarian Media Foundation
- Assets
- $33.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brecksville, OH
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-4268870
Organization Overview
Hungarian Media Foundation is located in Brecksville, OH. The organization was established in 2014. 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. Hungarian Media Foundation 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, Hungarian Media Foundation generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $36.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zsolt Molnar President | 10 | $0 | |
Borbala Banto Treasurer | 1 | $0 | |
Laszlo Szilagyi Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,179 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,179 |
| 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 | $11,730 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $196 |
| Other expenses | $24,790 |
| Total expenses | $36,716 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,228 |
| Other assets | $0 |
| Total assets | $33,228 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,228 |