KOSSUTH FOUNDATION OF THE HUNGARIAN REFORMED FEDERATION OF AMERICA

EIN: 452255962 501(c)(3) Human Services

Washington, DC

Total Revenue
$332,540
Total Expenses
$125,410
Total Assets
$1,441,887
Net Assets
$1,441,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DC
Principal Officer
Dr Sandor Vegh
Phone
3017064840
Tax Period
2023-01-01 to 2023-12-31

KOSSUTH FOUNDATION OF THE HUNGARIAN REFORMED FEDERATION OF AMERICA, founded in 2011, is a small nonprofit in the Human Services sector that reported $333K in total revenue in fiscal year 2023. Revenue surged 538% from the prior year, signaling strong growth momentum. The organization ran a surplus of $207K, a strong 62% operating margin.

Mission

Offer Hungarian speaking lessons to maintain and connect the homeland culture with their American culture to support social and fraternal culture heritage and religious traditions.

Program Service Accomplishments

Program 1
Expenses: $63,763 Revenue: $66,849

Hungarian Language Program

Program 2
Expenses: $10,560 Revenue: $14,691

Cultural events to promote Hungarian culture and heritage.

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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 $8,851
Program Service Revenue $81,540
Investment Income $173,310
Other Revenue $68,839
TOTAL REVENUE $332,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,072
Fundraising Expenses $0
Program Expenses $74,323
Other Expenses $109,338
TOTAL EXPENSES $125,410

Year-over-Year Comparison

2023 2022 Change
Revenue $332,540 $52,158 +5.4%
Expenses $125,410 $163,277 -0.2%
Net Income $207,130 $-111,119 -2.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
N/A

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
0
$0
Total Directors
9
$13,500
Key Employees
1
$13,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zsuzsanna Seres Director 20.00
Director Key Emp
$13,500 $0 $13,500
Gabor Rozsa Dirctor 0.20
Director
$0 $0 $0
Attila Juhasz Treasurer 10.00
Director
$0 $0 $0
Dr Sandor Vegh Chair 10.00
Director
$0 $0 $0
Andrea Lauer Director 0.20
Director
$0 $0 $0
Emese Latkoczy Director 0.20
Director
$0 $0 $0
Judit Slezak Secretary 2.00
Director
$0 $0 $0
Kinga Hydras Director 0.20
Director
$0 $0 $0
Zsolt Szekeres Vice Chair 2.00
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 No data No data No data No data
2023 $332,540 $125,410 $1,441,887 $207,130
2022 $52,158 $163,277 $1,238,357 $-111,119
2021 $45,965 $71,525 $1,347,476 $-25,560
2020 $87,202 $98,029 $1,372,236 $-10,827
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