West Michigan Hungarian Club
- Assets
- $7.9k
- Revenue
- $5.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 47-2878594
Organization Overview
West Michigan Hungarian Club is located in Grand Rapids, MI. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Michigan Hungarian Club 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 06/2022, West Michigan Hungarian Club generated $5.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $15.0k during the year ending 06/2022. 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 |
|---|---|---|---|
Marton Tothfalusi Secretary | 1 | $0 | |
Julie Nagy President | 1 | $0 | |
Ferenc Katona Comptroller | 1 | $0 | |
Louis Kocsondy Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,847 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,431 |
| Total Revenue | $5,278 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $7,572 |
| Total operating and administrative expenses | $7,972 |
| Contributions, gifts, grants paid | $6,990 |
| Total expenses and disbursements | $14,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,591 |
| Savings and temporary cash investments | $152 |
| 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 | $1,196 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,939 |
| 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, West Michigan Hungarian Club has awarded $6,990 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS-UKRAINE RELIEF PURPOSE: CHARITY | $3,080 |
JULIA BYERS PURPOSE: CHARITY | $2,000 |
JOHN COULSON PURPOSE: CHARITY | $600 |
Phoenix, AZ PURPOSE: CHARITY | $500 |
Grand Rapids, MI PURPOSE: CHARITY | $500 |
FEEDING AMERICA PURPOSE: CHARITY | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |
Lifelab Kids Foundation Ferndale, MI | $1,630,763 | $1,826,227 |
Group Plan Commission Cleveland, OH | $1,424,769 | $1,513,172 |
Porter Hills Foundation Grand Rapids, MI | $0 | $3,057,025 |