American Hungarian Family Society
- Assets
- $147.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 23-7437144
Organization Overview
American Hungarian Family Society is located in Bloomington, IL. The organization was established in 1987. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Hungarian Family Society is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, American Hungarian Family Society generated $49.1k 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 (14.9%) each year. All expenses for the organization totaled $49.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVE OF THE THIS SOCIETY IS TO PROMOTE BROTHERLYLOVE AS WELL AS FELLOWSHIP SUPPORT, AND TO PROMOTE HERITAGE OF THE SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Woith Jr President | 2 | $0 | |
Mark Kuhn Vice President | 2 | $0 | |
Evelyn Veselak Secretary | 2 | $0 | |
Terry Woith Sr Treasurer | 4 | $0 | |
Geoff Harris Director | 1 | $0 | |
Paul Richardson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,814 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $46,410 |
| Other Revenue | $800 |
| Total Revenue | $49,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,548 |
| Professional fees and other payments to independent contractors | $3,600 |
| Occupancy, rent, utilities, and maintenance | $24,924 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,530 |
| Total expenses | $49,602 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,086 |
| Other assets | $0 |
| Total assets | $147,922 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,922 |