West Michigan Hungarian Club
- Assets
- $9.3k
- Revenue
- $5.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 02/2015
- Data as of
- 06/2023
- 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 06/2023, West Michigan Hungarian Club generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $4.2k during the year ending 06/2023. 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 |
|---|---|---|---|
Julie Nagy President | 1 | $0 | |
Louis Kocsondy Treasurer | 1 | $0 | |
Marton Tothfalusi Secretary | 1 | $0 | |
Ferenc Katona Comptroller | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,077 |
| 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 | $1,516 |
| Total Revenue | $5,593 |
| 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 | $3,130 |
| Total operating and administrative expenses | $3,590 |
| Contributions, gifts, grants paid | $610 |
| Total expenses and disbursements | $4,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,984 |
| 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 | $9,332 |
| 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 $610 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HUNGARIAN FRIENDS OF SCOUT PURPOSE: CHARITY | $100 |
AMERICAN HUNGARIAN FEDERATION PURPOSE: CHARITY | $100 |
PICNIC FOR ELDERLY-ST ROBERT PURPOSE: CHARITY | $124 |
FRANK KATONA PURPOSE: CHARITY | $75 |
JULIUS VIGH PURPOSE: CHARITY | $111 |
REVEREND MRS JOSEPH POSTA PURPOSE: CHARITY | $100 |