Overview
What is Hungary Foundation?
The Hungary Foundation, located at 1455 Pennsylvania Avenue NW, Suite 400, Washington DC 20004, is a nonprofit organization dedicated to fostering cooperation and mutual understanding between Hungary and the United States. Their primary mission is to provide professional networking, internship, and fellowship opportunities to the next generation of Hungarian leaders in the USA. This aim is integral to their objective of reviving and strengthening the connection between the two nations, promoting democracy, freedom, human rights, and human dignity, which are cherished values shared by both countries. The foundation, with a staff of two, is committed to this mission.
Official website here: www.hungaryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Hungary Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. This high score reflects the charity's dedication to transparency and responsible financial management, with a specific emphasis on its robust governance practices.
One of the organization's strengths includes having an entirely independent board, which enhances its decision-making processes and overall integrity. The charity's program expense ratio is also noteworthy, with 82.14% of its expenses directed towards programs, showcasing a significant focus on mission-related activities. Additionally, the foundation has well-documented policies in place, including a conflict of interest policy and a document retention strategy.
However, the organization did receive a score of zero for its whistleblower policy, which suggests an area for improvement in their governance framework. Despite this limitation, the Hungary Foundation's overall performance indicates a well-managed organization that prioritizes effective use of resources and strong accountability practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hungary Foundation?
96% of 26 reviewers on Facebook recommend the Hungary Foundation. Here is a summary of their reviews:
The majority of users express positive sentiments towards the nonprofit, praising its mission and the support it provides to the Hungarian community. Although one review noted a lack of familiarity with the organization, it did not negatively impact the overall sentiment, which remains favorable.
Overall, people appreciate the work the Hungary Foundation is doing, highlighting its importance and relevance to those connected to Hungarian heritage and culture. Many feel confident in recommending the organization based on its commitment to its cause.
This AI summary has been generated from reviews found on Facebook.
Is Hungary Foundation legitimate?
Hungary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hungary Foundation 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: $85,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,635
For more financial information, click here
Official website here: www.hungaryfoundation.org
What is the mission statement of Hungary Foundation?
The Hungary Foundation's mission is centered around fostering a strong bond between Hungary and the United States. This is achieved by promoting cooperation and understanding between the two nations, thereby upholding democratic values, freedom, human rights, and human dignity, which are deeply rooted in both histories and cultures. To further this objective, the foundation offers professional networking, internship, and fellowship opportunities in the United States to nurture the next generation of Hungarian leaders.
Official website here: www.hungaryfoundation.org
Who is the CEO of Hungary Foundation?
Ambassador April H Foley is the Chair of Hungary Foundation.
Official website here: www.hungaryfoundation.org
What is the revenue of Hungary Foundation?
Hungary Foundation's revenue in 2022 was $462,418.
Official website here: www.hungaryfoundation.org
Who are the executives of Hungary Foundation and what are their salaries?
The average compensation at Hungary Foundation during 2022 was $64,068. There are 2 employees at Hungary Foundation.
Here are 7 key members and their salaries:
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- Compensation: $85,500
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- Other: $0
Official website here: www.hungaryfoundation.org
Where can I find the form 990 for Hungary Foundation?
Hungary Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hungaryfoundation.org
Learn more at the official website: www.hungaryfoundation.org
Mission Statement of Hungary Foundation
The Hungary Foundation, a nonprofit organization, is dedicated to fostering a strong relationship and mutual understanding between Hungary and the United States of America. Their mission is to revive and strengthen the bonds between these two nations, promoting cooperation and unity. This mission is driven by the shared values of democracy, freedom, human rights, and human dignity, which are cherished by both countries and their peoples.
In pursuit of this mission, the Hungary Foundation offers leadership training opportunities. This program aims to prepare the next generation of Hungarian leaders by providing them with professional networking, internship, and fellowship experiences in the United States. This initiative is designed to equip these future leaders with the skills and experiences necessary to contribute positively to the relationship between their home country and the United States.
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Impact
July, 2024
Hungary Foundation's impact lies in building lasting value by reviving and strengthening the bonds between the United States and Hungary. They promote cooperation and understanding between these great nations, fostering democracy, freedom, human rights, and human dignity – values deeply ingrained in the histories and cultures of both countries. Through leadership training programs, the foundation provides the next generation of Hungarian leaders with professional networking, internship, and fellowship opportunities in the United States. By focusing on strengthening understanding and cooperation between Hungary and the United States, the foundation plays a crucial role in shaping the future relationship between these two nations.
This information is meant to be a general summary of Hungary Foundation. 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 2022.
- Investment Income: $408,505
- Gross Receipts: $462,418
Assets and Liabilities:
- Total Assets: $17,609,861
- Total Liabilities: $118,327
- Net Assets: $17,491,534
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Organization Details
Founding Year
2012
Phone
(202) 627-6810Principal Officer
Ambassador April H Foley
Main Address
1455 PENNSYLVANIA AVENUE NW STE 400, WASHINGTON, DC, 20004
Website
www.hungaryfoundation.orgNTEE Category
Code: A23 - Arts
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