Hungarian-American Cultural Association Inc
- Assets
- $338.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 59-6197799
Organization Overview
Hungarian-American Cultural Association Inc is located in Sarasota, FL. The organization was established in 1999. 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-American Cultural Association Inc 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, Hungarian-American Cultural Association Inc generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $102.2k 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
PROVIDED SCHOLARSHIPS TO SCHOOLS IN HUNGARY AND HUNGARIAN SCHOOLS IN SLOVAKIA, UKRAINE, ROMANIA CANADA AND SERBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr George A Krajcsik President | 0 | $0 | |
Gabriel Pataky Treasurer | 0 | $0 | |
Erika Borsos Director | 0 | $0 | |
Magdolna Pataky Vice President | 0 | $0 | |
Aileen Garcia Krajcsik Director | 0 | $0 | |
Dr Leslie Domonkos Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,573 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,796 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,369 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $263 |
| Other expenses | $7,923 |
| Total expenses | $102,186 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $338,479 |
| Other assets | $0 |
| Total assets | $338,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $338,479 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hungarian-American Cultural Association Inc has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Hungary Initiatives Foundation Inc Washington, DC PURPOSE: PROGRAM SUPPORT | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |