Kossuth Foundation Of The Hungarian Reformed Federation Of America
- Assets
- $1.2m
- Revenue
- $52.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-2255962
Organization Overview
Kossuth Foundation Of The Hungarian Reformed Federation Of America is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Kossuth Foundation Of The Hungarian Reformed Federation Of America 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, Kossuth Foundation Of The Hungarian Reformed Federation Of America generated $52.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $163.3k during the year ending 12/2022. 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
THE MISSION OF THE FOUNDATION IS TO FOSTER DIVERSITY IN AMERICAN SOCIETY AND HONOR THE PRESENCE OF HUNGARIAN AMERICANS IN IT BY MAINTAINING AND ENCOURAGING THE LANGUAGE HERITAGE RELIGIOUS TRADITIONS AND HISTORICAL CULTURE OF HUNGARIANS IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER HUNGARIAN LANGUAGE CLASSES. OUR TEACHERS ARE GENERALLY NATIVE SPEAKERS. CLASSES TEND TO BE SMALL AND EMPHASIZE BOTH TEH LANGUAGE AND THE CULTURE OF HUNGARY. APPROXIMATELY 45 STUDENTS INCLUDE THOSE WHO WERE BORN IN HUNGARY BUT CAME TO THE US AT AN EARLY AGE THOSE THAT STUDIED OR WORKED HERE SPOUSES OR CHILDREN OF HUNGARIANS AND THOSE SIMPLY TRYING TO LEARN THIS CHALLENGING BUT REWARDING LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zsuzsanna Seres Director | OfficerTrustee | 20 | $8,575 |
Gabor Rozsa Director | Trustee | 0.2 | $0 |
Atilla Kocsis Treasurer | Trustee | 0.2 | $0 |
Dr Sandor Vegh Chair | Trustee | 10 | $0 |
Andrea Lauer Director | Trustee | 0.2 | $0 |
Emese Laktoczy Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,773 |
| Total Program Service Revenue | $6,888 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,608 |
| 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 | $1,389 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,158 |
| 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 | $4,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,575 |
| 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 | $466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,209 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,146 |
| Fees for services: Other | $44,531 |
| Advertising and promotion | $586 |
| Office expenses | $368 |
| Information technology | $5,644 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,631 |
| 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 | $11,540 |
| All other expenses | $0 |
| Total functional expenses | $163,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,594 |
| Savings and temporary cash investments | $372,489 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $820,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,238,357 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,600 |
| 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 | $0 |
| Total liabilities | $3,600 |
| Net assets without donor restrictions | $1,234,757 |
| Net assets with donor restrictions | $0 |
| 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 | $1,238,357 |