HUNGARY FOUNDATION

EIN: 461789616 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$464,187
Total Expenses
$1,008,845
Total Assets
$22,129,746
Net Assets
$21,997,073
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DC
Principal Officer
AMBASSADOR APRIL H FOLEY
Phone
2026276810
Tax Period
2024-01-01 to 2024-12-31

HUNGARY FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $464K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 117% operating deficit.

Mission

OUR MISSION IS TO BUILD LASTING VALUE BY REVIVING AND STRENGTHENING THE BONDS BETWEEN THE UNITED STATES AND HUNGARY. 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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,381
Program Service Revenue $0
Investment Income $460,806
Other Revenue $0
TOTAL REVENUE $464,187

Expense Breakdown

Grants Paid $348,786
Salaries & Benefits $202,341
Fundraising Expenses $0
Program Expenses $778,830
Other Expenses $457,718
TOTAL EXPENSES $1,008,845

Year-over-Year Comparison

2024 2023 Change
Revenue $464,187 $605,838 -0.2%
Expenses $1,008,845 $991,740 +0.0%
Net Income $-544,658 $-385,902 +0.4%
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
6
Independent Members
6
Employees
2
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
2
$92,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA SMITH LACEY EXECUTIVE DI 40.00
Officer
$92,000 $0 $92,000
AMBASSADOR APRIL H FOLEY CHAIR 1.00
Officer Director
$0 $0 $0
HON TAMAS FELLEGI TRUSTEE 1.00
Director
$0 $0 $0
HON GEORGE PATAKI TRUSTEE 1.00
Director
$0 $0 $0
EDITH K LAUER TRUSTEE 1.00
Director
$0 $0 $0
AMB KURT VOLKER TRUSTEE 1.00
Director
$0 $0 $0
JANOS MARTONYI TRUSTEE 1.00
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 $464,187 $1,008,845 $22,129,746 $-544,658
2023 $605,838 $991,740 $19,985,628 $-385,902
2022 $462,418 $1,177,639 $17,609,861 $-715,221
2021 $473,824 $1,242,196 $22,519,032 $-768,372
2020 $589,156 $865,976 $20,929,803 $-276,820
2019 $1,710,469 $824,239 $18,776,028 $886,230
2018 $619,894 $821,357 $15,343,792 $-201,463
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