Hungarian-american Coalition
Nonprofit profile at a glance
- EIN
- 521768656
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2022969505
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Development
Reported finances
- Revenue
- $822,787
- Expenses
- $449,555
- Assets
- $447,948
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Andrea Lauer Rice (President)
People named in this filing
- Andrea Lauer Rice (President)
- Zsolt Szekeres (Treasurer)
- Geroge Pogan (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 67
- Accountability: 64
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54%; rating input score 54
- Program expense ratio: 98.9%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Pass
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 57.6%; rating input score 58; 30th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 45.4%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 26.6% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 31.3% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 46.5% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 54% of revenue deployed · 98.9% of spending went to programs
- Governance: 7 of 7 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $445K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 41 of 44 current checks pass · 3 findings to review
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- Review — Transparency & Controls: Grant itemization coverage scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.