Overview
What is Kossuth Foundation Of The Hungarian Reformed Federation Of America?
The Kossuth Foundation of the Hungarian Reformed Federation of America, located at 2001 Massachusetts Ave, Washington, DC 20036, is a nonprofit organization dedicated to preserving and promoting the Hungarian language and culture within the American society. Their mission involves providing Hungarian language classes led by native speakers, catering to a diverse group of students, including those born in Hungary, those living in the U.S., and individuals seeking to learn the challenging yet rewarding language. The foundation aims to honor the presence of Hungarian Americans in the U.S. by fostering their language heritage, religious traditions, and historical culture, thereby fostering diversity and strengthening social and fraternal ties within the community. With a small team of dedicated employees, the foundation serves as a bridge connecting the Hungarian culture with its American counterpart.
Official website here: www.kossuthfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Kossuth Foundation of the Hungarian Reformed Federation of America has achieved a Three-Star rating, reflecting a solid overall score based solely on its Accountability & Finance metrics. This rating indicates that the organization demonstrates a strong commitment to financial transparency and responsible management practices, which is crucial for building donor trust and ensuring effective use of contributions.
Strengths highlighted in the evaluation include a 100% independent board, which suggests a robust governance structure. The foundation also excels in financial management, with a program expense ratio of 72.09%, indicating a high percentage of funds directed towards its mission-related activities. Additionally, the absence of material diversion of assets further underscores its financial integrity.
However, there are areas for improvement, particularly concerning governance policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are important for safeguarding organizational integrity. Addressing these gaps could enhance overall accountability and further bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Kossuth Foundation Of The Hungarian Reformed Federation Of America legitimate?
Kossuth Foundation Of The Hungarian Reformed Federation Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kossuth Foundation Of The Hungarian Reformed Federation Of America 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: $13,500
For more financial information, click here
Official website here: www.kossuthfoundation.org
What is the mission statement of Kossuth Foundation Of The Hungarian Reformed Federation Of America?
The Kossuth Foundation of the Hungarian Reformed Federation of America aims to promote diversity in American society and acknowledge the significant role of Hungarian Americans. To achieve this, the foundation focuses on preserving and encouraging the linguistic, cultural, religious, and historical heritage of Hungarians residing in America. Central to their mission is offering Hungarian language lessons, which serve to bridge the gap between the students' American culture and their homeland culture. The classes, typically led by native speakers, emphasize both the language and the culture of Hungary, attracting a diverse group of students, including those born in Hungary, those who have spent a substantial part of their lives in the United States, and individuals interested in learning the challenging yet rewarding Hungarian language.
Official website here: www.kossuthfoundation.org
What is the revenue of Kossuth Foundation Of The Hungarian Reformed Federation Of America?
Kossuth Foundation Of The Hungarian Reformed Federation Of America's revenue in 2023 was $332,540.
Official website here: www.kossuthfoundation.org
Who are the executives of Kossuth Foundation Of The Hungarian Reformed Federation Of America and what are their salaries?
The average compensation at Kossuth Foundation Of The Hungarian Reformed Federation Of America during 2023 was $13,500. There is 1 employee at Kossuth Foundation Of The Hungarian Reformed Federation Of America.
Here are 9 key members and their salaries:
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kossuthfoundation.org
Where can I find the form 990 for Kossuth Foundation Of The Hungarian Reformed Federation Of America?
Kossuth Foundation Of The Hungarian Reformed Federation Of America's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kossuthfoundation.org
Learn more at the official website: www.kossuthfoundation.org
Mission Statement of Kossuth Foundation Of The Hungarian Reformed Federation Of America
The Kossuth Foundation of the Hungarian Reformed Federation of America is committed to promoting diversity within American society and recognizing the significant role of Hungarian Americans. Their mission is twofold: firstly, they aim to preserve and strengthen the Hungarian language, cultural heritage, religious traditions, and historical background of Hungarian-Americans. Secondly, they work towards fostering social and fraternal culture, as well as upholding religious traditions among the Hungarian community in America.
To accomplish this, the Kossuth Foundation offers Hungarian language classes. These classes are designed to bridge the gap between the Hungarian homeland culture and the American culture. The lessons are typically intimate, with small class sizes, and they emphasize both the language and the culture of Hungary. The students in these classes are a diverse group, including individuals who were born in Hungary but moved to the United States at a young age, those who have studied or worked in the U.S., spouses, children, and individuals who are simply interested in learning the challenging but rewarding Hungarian language.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Kossuth Foundation Of the Hungarian Reformed Federation Of America's impact is felt through its efforts to foster diversity in American society and honor the presence of Hungarian Americans by maintaining and encouraging Hungarian language heritage, religious traditions, and historical culture in America. Through offering Hungarian language classes taught by native speakers, the Foundation serves approximately 45 students, including those born in Hungary, individuals who studied or worked in the US, spouses or children of Hungarians, and those interested in learning the language and culture. By providing these classes, the Foundation helps to preserve and connect Hungarian cultural heritage with the American culture, supporting social and fraternal connections along with religious traditions.
This information is meant to be a general summary of Kossuth Foundation Of The Hungarian Reformed Federation Of America. 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: $173,310
- Program Service Revenue: $81,540
- Gross Receipts: $366,024
Assets and Liabilities:
- Total Assets: $1,238,357
- Total Liabilities: $3,600
- Net Assets: $1,234,757
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program event revenue
Revenue
$14,691
Language program revenue
Revenue
$66,849
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
2011
Principal Officer
Dr Sandor Vegh
Website
www.kossuthfoundation.orgNTEE Category
Code: P20 - Human services
If you are a representative of Kossuth Foundation Of The Hungarian Reformed Federation Of America and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.