CLEVELAND HUNGARIAN HERITAGE SOCIETY

EIN: 341488375 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$118,660
Total Expenses
$104,400
Total Assets
$649,530
Net Assets
$649,107
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
Janos Szigeti
Phone
3154811144
Tax Period
2023-01-01 to 2023-12-31

CLEVELAND HUNGARIAN HERITAGE SOCIETY, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $119K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $104K left a modest 12% surplus.

Mission

TO PRESERVE AND PRESENT HUNGARIAN CULTURE IN GENERAL AND IN SPECIFIC WITHIN THE NORTHEAST OHIO REGION

Program Service Accomplishments

Program 1
Expenses: $8,485 Revenue: $1,000

THE MUSEUM HAS A PERMANENT EXHIBIT. There is a permanent exibit with three revolving exhibits in 2023. The Domjan exhibit showcased the art of Evelyn Domjan. Beautifully bejewelled headpieces, purses...

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THE MUSEUM HAS A PERMANENT EXHIBIT. There is a permanent exibit with three revolving exhibits in 2023. The Domjan exhibit showcased the art of Evelyn Domjan. Beautifully bejewelled headpieces, purses and other items with Hungaroan designs portrayed her creative mind and heart. The Minacs Collection exhibit offers the visitor a closer look at the men who had a role in the Revolution as well as contemporary items that bring the significance of the Revolution into sharper perspective. Some EXHIBIT information was ON-LINE THROUGH YOUTUBE, FB AND MAILCHIMP. THE EXHIBIT TOPICS ARE CHOSEN BY THE CURATOR.

Program 2
Expenses: $2,866 Revenue: $2,358

Lectures/presentations start on the second Saturday of each month starting in September through May. 2/11/23: the presentation of Zsolt Mt's lecture about the 1956 Hungarian Uprising, entitled, "We...

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Lectures/presentations start on the second Saturday of each month starting in September through May. 2/11/23: the presentation of Zsolt Mt's lecture about the 1956 Hungarian Uprising, entitled, "We wrote to President Eisenhower urging immediate action". His talk illuminated three divergent perspectives on the revolution: a November 13th 2021 Zoom lecture on the "Singing Youth Movement" launched by Lajos Brdos. It was presented by Dr. Huba Brckner. He left behind a monumental amount of written works and accomplishments, Some of the presentations were ON-LINE THROUGH Zoom, advertized on FB AND MAILCHIMP Typically, expenses are not high because the speakers do not charge for their presentation,

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $84,455
Program Service Revenue $3,358
Investment Income $25,775
Other Revenue $5,072
TOTAL REVENUE $118,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $13,708
Program Expenses $11,351
Other Expenses $104,400
TOTAL EXPENSES $104,400

Year-over-Year Comparison

2023 2022 Change
Revenue $118,660 $90,981 +0.3%
Expenses $104,400 $99,827 +0.0%
Net Income $14,260 $-8,846 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
34
Independent Members
34
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janos Szigeti President 5.00
Officer
$0 $0 $0
Alex Kezdi Vice-president 3.00
Officer
$0 $0 $0
Hajnalka Kezdi Treasurer 5.00
Officer
$0 $0 $0
Marian Gandolfo Secretary 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $118,660 $104,400 $649,530 $14,260
2022 $90,981 $99,827 $635,220 $-8,846
2021 $93,982 $92,487 $644,154 $1,495
2020 $114,711 $91,011 $642,284 $23,700
2019 $109,562 $90,740 $618,798 $18,822
2018 $134,755 $83,221 $600,162 $51,534
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