HUNGARY INITIATIVES FOUNDATION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- HUNGARY INITIATIVES FOUNDATION INC (EIN 46-1789616)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-10-10
- IRS object ID
- 201722839349301007
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-10-10T10:48:19-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521855942 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tate and Tryon | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L Street NW Suite 400 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461789616 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUNGARY INITIATIVES FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HUNG | BusinessNameControlTxt |
| Phone | 2026276810 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1455 PENNSYLVANIA AVENUE NW No 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ambassador April Foley | PersonNm |
| Person Title | Chair of the board | PersonTitleTxt |
| Phone | 2026276810 | PhoneNum |
| Signature | 2017-10-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | R Michael Sorrells | PreparerPersonNm |
| PTIN | P00001737 | PTIN |
| Phone | 2022932200 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 216.59.105.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-10-10 | IPDt |
| IP Tm | 10:48:17 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0A779249EE4AB03D4EBCA877230ED83790B34DB8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | Ambassador April H Foley | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1455 PENNSYLVANIA AVENUE NW No 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,196,170 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.hungaryfoundation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO BUILD LASTING VALUE BY REVIVING AND STRENGTHENING THE CULTURAL, EDUCATIONAL, AND EMOTIONAL BONDS BETWEEN THE UNITED STATES AND HUNGARY AS WELL AS THE LARGE AND DIVERSE HUNGARIAN AMERICAN COMMUNITY AND ITS MOTHER NATION. WE PROMOTE COOPERATION AND UNDERSTANDING BETWEEN OUR GREAT NATIONS, THEREBY FOSTERING DEMOCRACY, FREEDOM, HUMAN RIGHTS, AND HUMAN DIGNITY THE DEAREST VALUES OF OUR HISTORY AND OUR PEOPLES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $358,207 | PYInvestmentIncomeAmt |
| CY Investment Income | $478,707 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $51 | CYOtherRevenueAmt |
| PY Total Revenue | $358,207 | PYTotalRevenueAmt |
| CY Total Revenue | $478,758 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $994,342 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $608,320 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $199,942 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $58,480 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $232,145 | PYOtherExpensesAmt |
| CY Other Expenses | $138,544 | CYOtherExpensesAmt |
| PY Total Expenses | $1,426,429 | PYTotalExpensesAmt |
| CY Total Expenses | $805,344 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,068,222 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$326,586 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,309,525 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,767,793 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,011 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $329,949 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,301,514 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,437,844 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To build lasting value by reviving and strengthening the cultural, educational, and emotional bonds between the United States and Hungary as well as the large and diverse Hungarian American community and its mother nation. We promote cooperation and understanding between our great nations, thereby fostering democracy, freedom, human rights, and human dignity, the dearest values of our history and our peoples. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $297,120 | ExpenseAmt |
| Grant | $297,120 | GrantAmt |
| Desc | community building - The Foundation encourages and supports the development of a large, strongly interconnected, and dedicated Hungarian American community with unbreakable bonds to the motherland of Hungary. It funds and operates programs that contribute to the organizing and strengthening of the currently very scattered network of Hungarian American communities and organizations. As the religious organizations and communities are important community strongholds of a diaspora, establishing or supporting programs and projects of the Hungarian churches in the U.S. and joint activities and projects with religious organizations from Hungary are also included in this category. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $156,200 | ExpenseAmt |
| Grant | $156,200 | GrantAmt |
| Desc | Culture and Art - The Foundation is committed to foster understanding of the Hungarian culture in the United States. It hosts a wide range of programs that illuminate the unique art and culture of Hungary. The programs in this category are aimed at introducing and popularizing traditional and contemporary Hungarian art and culture among the Hungarian American communities and the wider American audience as well as preserving and protecting the Hungarian cultural legacy in the United States. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $134,000 | ExpenseAmt |
| Grant | $134,000 | GrantAmt |
| Desc | Culture and Art - The Foundation is committed to foster understanding of the Hungarian culture in the United States. It hosts a wide range of programs that illuminate the unique art and culture of Hungary. The programs in this category are aimed at introducing and popularizing traditional and contemporary Hungarian art and culture among the Hungarian American communities and the wider American audience as well as preserving and protecting the Hungarian cultural legacy in the United States. Education and Research- The Foundation's education and research programs target two main goals. On one hand, the Foundation seeks to operate programs aimed at educating Hungarian Americans from the youngest to the oldest about Hungary's culture, history, traditions, as well as the Hungarian language. The largest Hungarian diaspora today lives in the United States. However, as an impact of globalization, the members of this diaspora, especially the younger generations, find it difficult to maintain their sense of Hungarian identity and are constantly losing their roots. The Foundation is committed to help Hungarian Americans rediscover and cherish their heritage. In case of the older generations, the Foundation seeks to launch programs providing means to preserve the values and noble Hungarian heritage of individuals, families and communities. On the other hand, the Foundation also wishes to take an active part in the educational, academic, and professional exchange between Hungary and the United States. Therefore, it funds and operates programs that promote cooperation between educational and research institutions and professionals. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $21,000 | ExpenseAmt |
| Grant | $21,000 | GrantAmt |
| Desc | Leadership Training- The future of the Hungarian-American communities as well as the relationship between the peoples of Hungary and the United States of America will be shaped by new generations of young people. The leadership training programs of the Foundation create and foster enduring academic, professional, cultural, and personal ties between the two countries. The exchange programs enable young Hungarians and Americans to rediscover themselves, gain a better understanding of each other as well as acquire new experiences, professional knowledge, and skills that can be later used to the advantage of their own communities. The leadership-training category includes all those projects and programs that offer internship, scholarship, exchange, and cultural immersion opportunities for talented young Hungarians and Americans. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $21,000 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $21,000 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $608,320 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2026276810 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1455 PENNSYLVANIA AVENUE NW No 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Ambassador April H Foley | ||||||
| Chairman | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| edith k lauer | ||||||
| trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMBASSADOR JANOS CSAK | ||||||
| TRUstee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HON TAMAS FELLEGI | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HON GEORGE PATAKI | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMBASSADOR KURT VOLKER | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANNA SMITH-LACEY | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $30,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $30,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $377,836 | TotalRevenueColumnAmt |
| Exclusion | $377,836 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $818,283 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $717,412 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $100,871 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,871 | TotalRevenueColumnAmt |
| Exclusion | $100,871 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $51 | TotalRevenueColumnAmt |
| Exclusion | $51 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $51 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $478,758 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $478,758 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,320 | TotalAmt |
| Program Services | $514,320 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,000 | TotalAmt |
| Program Services | $94,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,000 | TotalAmt |
| Management And General | $30,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,945 | TotalAmt |
| Management And General | $25,945 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,535 | TotalAmt |
| Management And General | $2,535 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,275 | TotalAmt |
| Management And General | $7,275 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,144 | TotalAmt |
| Management And General | $39,144 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,283 | TotalAmt |
| Management And General | $28,283 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $531 | TotalAmt |
| Management And General | $531 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,249 | TotalAmt |
| Management And General | $1,249 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,575 | TotalAmt |
| Management And General | $13,575 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,390 | TotalAmt |
| Management And General | $22,390 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,819 | TotalAmt |
| Management And General | $2,819 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,936 | TotalAmt |
| Management And General | $10,936 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,730 | TotalAmt |
| Management And General | $8,730 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Organizational expenses | $2,100 | $2,100 |
| Miscellaneous | $1,512 | $1,512 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,344 | TotalAmt |
| Program Services | $608,320 | ProgramServicesAmt |
| Management And General | $197,024 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,784 | BOYAmt |
| EOY | $34,102 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $599 | BOYAmt |
| EOY | $601 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $20,088 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,375 | BOYAmt |
| EOY | $7,607 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $45,046 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,254 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,728 | BOYAmt |
| EOY | $4,792 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,273,025 | BOYAmt |
| EOY | $15,696,361 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,014 | BOYAmt |
| EOY | $4,242 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,309,525 | BOYAmt |
| EOY | $15,767,793 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,011 | BOYAmt |
| EOY | $306,949 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $23,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,011 | BOYAmt |
| EOY | $329,949 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,301,514 | BOYAmt |
| EOY | $15,437,844 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,301,514 | BOYAmt |
| EOY | $15,437,844 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,309,525 | BOYAmt |
| EOY | $15,767,793 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$326,586 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $762,916 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$300,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $19,919,248 | CurrentTaxYearMinus3YearsAmt |
| Total | $19,919,248 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $19,919,248 | CurrentTaxYearMinus3YearsAmt |
| Total | $19,919,248 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $19,919,248 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $17,934 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $377,812 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $358,207 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $377,836 | CurrentTaxYearAmt |
| Total | $1,131,789 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $51 | CurrentTaxYearAmt |
| Total | $51 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $21,051,088 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 11 | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME | ExplanationTxt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $45,046 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,254 | DepreciationAmt |
| Book Value | $4,792 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,792 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $1,241,623 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $762,916 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $762,916 | RevenueNotReportedAmt |
| Revenue Subtotal | $478,707 | RevenueSubtotalAmt |
| Other Revenues Not Included | $51 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $51 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $478,758 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,105,293 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $300,000 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $300,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $805,293 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $51 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $51 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $805,344 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 4b - Other Adjustments: | RECLASS OF MISCELLANEOUS REVENUE 51. |
| Part XII, Line 2d - Other Adjustments: | ACCRUED AMOUNT OF POTENTIAL GRANT REFUND TO HUNGARIAN GOVERNMENT 300,000. |
| Part XII, Line 4b - Other Adjustments: | RECLASS OF MISCELLANEOUS REVENUE 51. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | SCHOLARSHIP | $51,000 |
| Europe (Including Iceland & Greenland) | GRANTMAKING | $43,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $94,000 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $94,000 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| SCHOLARSHIPS | Europe (Including Iceland & Greenland) | 10 | $51,000 | WIRE |
| CONFERENCE SUPPORT GRANTS | Europe (Including Iceland & Greenland) | 40 | $43,000 | WIRE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | For grants less than year, in order to be funded, recipients are asked to send a final narrative and financial report within a month of the end of the grant cycle. If multi-year, recipients are required to file both of these reports annually. Any changes to the program budget over 20% has to be preapproved by the foundation before expenditures are made. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (37 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Hungarian Association | |||||||
| PO Box 771066 | Lakewood | OH | 44107 | 237083651 | 501(c)(3) | $5,000 | PROGRAM SUPPORT |
| American Hungarian Heritage House | |||||||
| 43878 Camellia St | Ashburn | VA | 20147 | 471282205 | 501(c)(3) | $6,000 | PROGRAM SUPPORT |
| American Hungarian Library and Historical Society | |||||||
| 213 East 82 Street | New York | NY | 10028 | 136168255 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Bethlen Home of the Hungarian Reformed Federation of America | |||||||
| 125 Kalassay Drive | Ligonier | PA | 15658 | 250981135 | 501(c)(3) | $5,000 | PROGRAM SUPPORT |
| Birmingham Ethnic Festival Organization | |||||||
| 224 Paine Aveune | Toledo | OH | 43605 | 341389140 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Csurdongolo Folk Ensemble | |||||||
| 109 Wynnwood Avenue | Piscataway | NJ | 08854 | 263175958 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian American Cultural Association | |||||||
| POBox 19774 | Sarasota | FL | 34276 | 596197799 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian American Cultural Center - HACC | |||||||
| 26257 Goddard Rd | Taylor | MI | 48180 | 382220115 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian (Magyar) Club of Chicago | |||||||
| 802 South See Gwun Avenue | Mount Prospect | IL | 60056 | 593779758 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian Communion of Friends | |||||||
| 3306 SE Taylor St | Portland | OR | 97214 | 930710451 | 501(c)(3) | $7,500 | PROGRAM SUPPORT |
| Hungarian Freedom Fighters Federation Inc San Francisco Area Chapter | |||||||
| 3996 Oakmore Rd | Oakland | CA | 94602 | 870747909 | 501(c)(3) | $5,000 | PROGRAM SUPPORT |
| Hungarian Reformed Church in Phoenix | |||||||
| PO Box 83625 | Phoenix | AZ | 85071 | 860558406 | 501(c)(3) | $5,200 | PROGRAM SUPPORT |
| Hungarian Reformed Church of San Francisco and Vicinity | |||||||
| 102 Laurel Street | Redwood City | CA | 94063 | 941662180 | 501(c)(3) | $6,250 | PROGRAM SUPPORT |
| Hungarian Society of Massachusetts | |||||||
| PO Box 61 | Belmont | MA | 02478 | 237323821 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Metroplex Magyar Cultural Circle | |||||||
| 1901 Keller-Hicks Rd | Fort Worth | TX | 76177 | 562306802 | 501(c)(3) | $6,000 | PROGRAM SUPPORT |
| Seattle-Pecs Sister City Association | |||||||
| 17109 NE 32nd Street | Bellevue | WA | 98008 | 601403554 | 501(c)(3) | $9,970 | PROGRAM SUPPORT |
| The Hungarian Arts Club | |||||||
| 1366 Jay Street | Ypsilanti | MI | 48198 | 382173345 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| United Hungarian Societies | |||||||
| 1332 West 106th Street | Cleveland | OH | 44102 | 464547828 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| United Magyar House of Los Angeles | |||||||
| 1975 W WASHINGTON BLVD | Los Angeles | CA | 90018 | 950965040 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| The Central European Institute at Quinnipiac University | |||||||
| 275 Mount Carmel Avenue | Hamden | CT | 06518 | 060646701 | 501(c)(3) | $50,000 | PROGRAM SUPPORT |
| Hungarian American Coalition | |||||||
| PO Box 57135 | Washington | DC | 20037 | 521768656 | 501(c)(3) | $99,200 | PROGRAM SUPPORT |
| Meridian House International | |||||||
| 1630 Crescent Place NW | Washington | DC | 20009 | 530259663 | 501(c)(3) | $20,000 | PROGRAM SUPPORT |
| Cleveland Hungarian Heritage Society | |||||||
| PO Box 24134 | Cleveland | OH | 44124 | 341488375 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian Settlement Historical Society | |||||||
| P O Box 1909 | Albany | LA | 70711 | 721476768 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| American Foundation for Hungarian Literature and Education | |||||||
| 213 East 82 Street | New York | NY | 10028 | 136168255 | 501(c)(3) | $8,000 | PROGRAM SUPPORT |
| California EU Cultural Institute | |||||||
| 524 Moraga Way | Orinda | CA | 94563 | 464227145 | 501(c)(3) | $30,000 | PROGRAM SUPPORT |
| Hungarian American Cultural Association (HACA) of Houston | |||||||
| PO Box 35334 | Houston | TX | 77235 | 311701961 | 501(c)(3) | $7,500 | PROGRAM SUPPORT |
| American Hungarian Memorial Committee Inc | |||||||
| 213 East 82nd Street | New York | NY | 10028 | 270533018 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Arts Clayton | |||||||
| 136 South Main Street | Jonesboro | GA | 30236 | 581727604 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Boca Raton Museum of Art | |||||||
| 501 Plaza Real | Boca Raton | FL | 33432 | 596019851 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Center for European Studies - University of Florida | |||||||
| 3324 Turlington Hall | Gainesville | FL | 32611 | 590974739 | 501(c)(3) | $8,500 | PROGRAM SUPPORT |
| American Hungarian Friends of Scouting | |||||||
| PO Box 6783 | Cleveland | OH | 44101 | 346572951 | 501(c)(3) | $7,500 | PROGRAM SUPPORT |
| Csik Hago Hungarian School and Kindergarten | |||||||
| 1209 E Carpenter Drive | Palatine | IL | 60074 | 454324918 | 501(c)(3) | $5,000 | PROGRAM SUPPORT |
| Central Florida Presbytery | |||||||
| 924 N Magnolia Ave | Orlando | FL | 32803 | 592474308 | 501(c)(3) | $5,000 | PROGRAM SUPPORT |
| Creative Cultural Exchange | |||||||
| 11705 Live Oak Dr | Minnetonka | MN | 55305 | 472937022 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Hungarian Scout Association in Exteris | |||||||
| 990 Golden Springs Dr B | Diamond Bar | CA | 91765 | 221735726 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| Bocskai Radio Hungarian Media Foundation | |||||||
| 23946 Vincent Drive | North Olmsted | OH | 44070 | 464268870 | 501(c)(3) | $8,000 | PROGRAM SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 37 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE BOARD FOR REVIEW PRIOR TO SUBMISSION. |
| Form 990, Part VI, Section B, line 12c | A Trustee or officer shall disclose a Conflict of Interest: (a) prior to voting on or otherwise discharging his duties with respect to any matter involving the conflict which comes before the Board or any committee; (b) prior to entering into any contract or transaction involving the conflict; (c) as soon as possible after the Trustee or officer learns of the conflict; and (d) on the annual disclosure form. The Secretary of the Corporation shall distribute annually to all Trustees, officers and key employees (as identified by the Corporation), a form soliciting the disclosure of all Conflicts of Interest, including specific information concerning the terms of any contract or transaction with the Corporation and whether the process for approval set forth in this policy was used. Such disclosure form may require disclosure of other relationships that may not constitute an actual Conflict of Interest, but which are required to be disclosed in order for the Corporation to comply with its annual reporting requirements. The Executive Committee shall review the disclosure statements and advise the Board of any relevant information that may assist the Board's action with respect to potential Conflicts oF Interest. |
| Form 990, Part VI, Section B, line 15 | The Board of Trustees must approve in advance the amount of all compensation for officers of the Corporation. Before approving the compensation of an officer, the Board shall determine that the total compensation to be provided by the Corporation to the officer is reasonable in amount in light of the position, responsibility and qualification of the officer for the position held, including the result of an evaluation of the officer's prior performance for the Corporation, if applicable. In making the determination, the Board shall consider total compensation to include the salary and the value of all benefits provided by the Corporation to the individual in payment for services. At the time of the discussion and decision concerning an officer's compensation, the officer should not be present in the meeting. The Board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. |
| Form 990, Part VI, Section C, line 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, line 9: | ACCRUED AMOUNT OF POTENTIAL GRANT REFUND TO HUNGARIAN GOVERNMENT -300,000. |
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