Cleveland Hungarian Heritage Society
- Assets
- $635.2k
- Revenue
- $91.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 34-1488375
Organization Overview
Cleveland Hungarian Heritage Society is located in Cleveland, OH. The organization was established in 1986. 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. Cleveland Hungarian Heritage Society 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, Cleveland Hungarian Heritage Society generated $91.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $99.8k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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 PRESERVE AND PRESENT HUNGARIAN CULTURE IN GENERAL AND IN SPECIFIC WITHIN NORTHEAST OHIO REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM HAS A PERMANENT EXHIBIT. THE MUSEUM HAS BEEN OPEN CONTINUOUSLY SINCE JULY 2021. THERE IS A PERMANENT EXIBIT WITH TWO REVOLVING EXHIBITS IN 2022. THE EXHIBITS SHOWCASE HUNGARIAN ARTIFACTS, PAINTINGS, PORCELAIN, JEWELRY,EMBROIDERY, AND LACE SOME EXHIBIT INFORMATION WAS ON-LINE THROUGH YOUTUBE, FB AND MAILCHIMP THE EXHIBIT TOPICS ARE CHOSEN BY THE CURATOR.
LECTURES/PRESENTATIONS START ON THE SECOND SATURDAY OF EACH MONTH STARTING IN SEPTEMBER THROUGH MAY. JANUARY TYPICALLY DOES NOT HAVE A PRESENTATION DUE TO BAD WEATHER IN THAT MONTH. SOME OF THE PRESENTATIONS WERE ON-LINE THROUGH ZOOM, FB AND MAILCHIMP TYPICALLY, EXPENSES ARE NOT HIGH BECAUSE THE SPEAKERS DO NOT CHARGE FOR THEIR PRESENTATION, NOR DO WE USUALLY HAVE TO LODGE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janos Szigeti President | Officer | 3 | $0 |
Andrea Meszaros Vice-President | Officer | 5 | $0 |
Hajnalka Kezdi Treasurer | Officer | 5 | $0 |
Marian Gandolfo Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,395 |
| Fundraising events | $20,940 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,011 |
| Total Program Service Revenue | $1,559 |
| Investment income | $24,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,397 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,981 |
| 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 | $0 |
| Advertising and promotion | $3,223 |
| Office expenses | $920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,450 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $18,053 |
| Total functional expenses | $99,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,724 |
| Savings and temporary cash investments | $28,468 |
| 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 | $26,066 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $550,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $635,220 |
| 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 | $373 |
| Total liabilities | $373 |
| Net assets without donor restrictions | $57,819 |
| Net assets with donor restrictions | $577,028 |
| 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 | $635,220 |