HUNGARIAN-AMERICAN COALITION

EIN: 521768656 501(c)(3) International Affairs

Washington, DC

Total Revenue
$425,424
Total Expenses
$470,388
Total Assets
$10,788
Net Assets
$10,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
Andrea Lauer Rice
Phone
2022969505
Tax Period
2023-01-01 to 2023-12-31

HUNGARIAN-AMERICAN COALITION, founded in 1991, is a small nonprofit in the International Affairs sector that reported $425K in total revenue in fiscal year 2023. Expenses of $470K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Hungarian American Coalition's mission is to mobilize and coordinate the talents and resources of its individual and organizational members to promote the interests of the Hungarian American community. These include cultural and educational activities of memeber organizations fostering Transatlantic ties between the Untied States and countries of East and Central Europe

Program Service Accomplishments

Program 1
Expenses: $47,472 Revenue: $47,472

The Coalition's Lauer Leadership Training Program is the flagship program of the organization supporting over 100 interns in the United States over a period of more than 10 years. During the pandemic...

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The Coalition's Lauer Leadership Training Program is the flagship program of the organization supporting over 100 interns in the United States over a period of more than 10 years. During the pandemic the program was reduced to online activities and just a few in person internships. Scholarships both in the US and in the Carpathian Basin are offered to qualified students. The program resumed in 2023.

Program 2
Expenses: $297,680 Revenue: $297,680

Hungarian American Coalition projects support to advance projects whose mission and objectives are complimentary to those of the Coalition in the areas of education and culture.

Program 3
Expenses: $12,650 Revenue: $12,650

The Coalition supports two scholarship programs, the Bela Bognar Family Hungarian Scholarship and the Elemer and Eva Kiss Scholarship program. Both scholarships are given to students in Central and...

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The Coalition supports two scholarship programs, the Bela Bognar Family Hungarian Scholarship and the Elemer and Eva Kiss Scholarship program. Both scholarships are given to students in Central and East European countries to students who study in the United States or in their respective countries.

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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 $400,406
Program Service Revenue $0
Investment Income $0
Other Revenue $25,018
TOTAL REVENUE $425,424

Expense Breakdown

Grants Paid $340,584
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $395,706
Other Expenses $129,804
TOTAL EXPENSES $470,388

Year-over-Year Comparison

2023 2022 Change
Revenue $425,424 $397,080 +0.1%
Expenses $470,388 $388,297 +0.2%
Net Income $-44,964 $8,783 -6.1%
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
7
Independent Members
7
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrea Lauer Rice President 10
Officer Director
$0 $0 $0
Zsolt Szekeres Treasurer 10
Officer Director
$0 $0 $0
Geroge Pogan Secretary 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 No data No data No data No data
2023 $425,424 $470,388 $10,788 $-44,964
2022 $397,080 $388,297 $44,608 $8,783
2021 $239,738 $178,871 $143,160 $60,867
2020 $247,938 $203,905 $55,587 $44,033
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