Overview
What is First Hungarian Literary Society Inc?
The First Hungarian Literary Society Inc, situated in New York, New York, is a nonprofit organization dedicated to preserving and promoting Hungarian culture. Their primary activities include hosting educational lectures, presenting videos, and organizing concerts that delve into Hungarian history and contemporary life. They also showcase folk music and poetry, thereby nurturing a deeper appreciation for Hungarian arts and sciences. The society's mission is to foster cultural growth and cultivate literature, arts, and sciences from Hungary by means of meetings, conferences, and similar events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The First Hungarian Literary Society Inc has received an 80% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score highlights the organization’s commitment to maintaining transparency and responsible financial practices, which is crucial for building trust with donors and community members.
One of the notable strengths of the organization is its governance structure, with a fully independent board comprised of five members. Additionally, there have been no instances of asset diversion, further emphasizing the integrity of the organization's operations. The society also demonstrates a strong adherence to accountability practices, as evidenced by their documented board meeting minutes and a well-established conflict of interest policy.
However, while the overall financial health is commendable, the rating is based solely on the accountability and finance beacon. There's no indication of other metrics being considered, which may provide a more comprehensive view of the organization’s impact and effectiveness in its mission. Therefore, while the financials are strong, potential donors may want to seek additional information regarding the organization’s programmatic outcomes and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is First Hungarian Literary Society Inc legitimate?
First Hungarian Literary Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Hungarian Literary Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of First Hungarian Literary Society Inc?
The First Hungarian Literary Society Inc is dedicated to promoting and cultivating Hungarian culture, literature, arts, and sciences. They achieve this goal by organizing meetings, conferences, and various related activities. The organization's efforts extend to educational lectures, videos, concerts, and other events that delve into Hungarian history and contemporary life, as well as traditional music and poetry. The primary objective of the First Hungarian Literary Society Inc is to foster an appreciation and understanding of Hungarian culture on a broader scale.
What is the revenue of First Hungarian Literary Society Inc?
First Hungarian Literary Society Inc's revenue in 2023 was $173,164.
Who are the executives of First Hungarian Literary Society Inc and what are their salaries?
There 6 volunteers at First Hungarian Literary Society Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for First Hungarian Literary Society Inc?
First Hungarian Literary Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of First Hungarian Literary Society Inc
The First Hungarian Literary Society Inc is committed to promoting and nurturing Hungarian culture, literature, arts, and sciences. To achieve this mission, they organize meetings, conferences, and various similar activities. Their endeavors extend beyond just organizing events, as they also provide educational lectures, videos, and concerts that delve into the historical and contemporary aspects of Hungary. These presentations encompass Hungarian folklore, music, and poetry, thereby contributing to a broader understanding and appreciation of Hungarian culture. The Society's activities serve as a platform for preserving and celebrating Hungarian heritage, fostering a sense of community and identity among its members and admirers.
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Impact
August, 2024
The First Hungarian Literary Society Inc plays a crucial role in fostering Hungarian culture, literature, the arts, and sciences through a variety of engaging activities. By organizing educational lectures, videos, concerts, and conferences that showcase the rich history and current life of Hungary, as well as its folk music and poetry, the society contributes significantly to preserving and promoting Hungarian heritage in New York. Through its dedication to cultivating a deeper understanding and appreciation for Hungarian culture, the society serves as a vital platform for cultural exchange and enrichment, particularly in the realm of the arts.
This information is meant to be a general summary of First Hungarian Literary Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $170,871
- Gross Receipts: $173,291
Assets and Liabilities:
- Total Assets: $12,037,838
- Total Liabilities: $1,850
- Net Assets: $12,035,988
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Organization Details
Founding Year
1995
Principal Officer
Karl Bardosh
NTEE Category
Code: A70 - Arts
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