AMERICAN HUNGARIAN FOUNDATION

EIN: 366085165 501(c)(3) Arts, Culture & Humanities

New Brunswick, NJ

Total Revenue
$183,773
Total Expenses
$306,699
Total Assets
$1,950,878
Net Assets
$1,563,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NJ
Principal Officer
MELISSA PEPIN
Phone
7328465777
Tax Period
2023-07-01 to 2024-06-30

AMERICAN HUNGARIAN FOUNDATION, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $184K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $307K exceeded revenue, resulting in a 67% operating deficit.

Mission

PRESERVATION AND CELEBRATION OF HUNGARIAN ART AND CULTURE, HIGHLIGHTING THE TALENTS OF HUNGARIAN-AMERICANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $134,241
Program Service Revenue $0
Investment Income $26,685
Other Revenue $22,847
TOTAL REVENUE $183,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,627
Fundraising Expenses $18,978
Program Expenses $248,767
Other Expenses $194,072
TOTAL EXPENSES $306,699

Year-over-Year Comparison

2023 2022 Change
Revenue $183,773 $119,127 +0.5%
Expenses $306,699 $355,912 -0.1%
Net Income $-122,926 $-236,785 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
35

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
7
$79,895
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA PEPIN Executive Director 45
Officer Highest
$79,895 $0 $79,895
CSABA KARSZNAI BOARD MEMBER 1
Director
$0 $0 $0
ZSOLTAN MERSZEI BOARD MEMBER 0
Director
$0 $0 $0
JAMES O'LEARY BOARD MEMBER 0
Director
$0 $0 $0
IMRE PAKH BOARD MEMBER 1
Director
$0 $0 $0
JILL WILTSE BOARD MEMBER 1
Director
$0 $0 $0
ANN DROPNIK BOARD MEMBER 1
Director
$0 $0 $0
GEORGE S CHARLES BOARD MEMBER 1
Director
$0 $0 $0
KIRK BROWN BOARD MEMBER 1
Director
$0 $0 $0
ALEXANDER BRODY BOARD MEMBER 1
Director
$0 $0 $0
MARIANNE BALAZS BOARD MEMBER 1
Director
$0 $0 $0
ANDREA DIENES BROADBENT BOARD MEMBER 1
Director
$0 $0 $0
GEORGE DOZSA BOARD MEMBER 1
Director
$0 $0 $0
GERGELY HAJDU-NEMETH BOARD MEMBER 1
Director
$0 $0 $0
BARBARA HOUSE BOARD MEMBER 1
Director
$0 $0 $0
CHARLES HUEBNER BOARD MEMBER 1
Director
$0 $0 $0
PETER B KELLER BOARD MEMBER 1
Director
$0 $0 $0
PRISCILLA HUNYADI ASSISTANT TREASURER 2
Officer Director
$0 $0 $0
ELIZABETH HANCE TREASURER 2
Officer Director
$0 $0 $0
JOHN KEREKES ASSISTANT SECRETARY 2
Officer Director
$0 $0 $0
JAMES HORVATH SECRETARY 2
Officer Director
$0 $0 $0
LASZLO PAPP VICE CHAIRMAN 2
Officer Director
$0 $0 $0
ZSOLT HARSANYI CHAIRMAN 2
Officer Director
$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 $183,773 $306,699 $1,950,878 $-122,926
2023 $119,127 $355,912 $2,070,811 $-236,785
2022 $193,435 $314,744 $2,331,520 $-121,309
2021 $106,908 $383,319 $2,524,052 $-276,411
2020 $448,558 $353,392 $2,763,277 $95,166
2017 $658,212 $309,443 $3,044,884 $348,769
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