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Nonprofit · EIN 46-1789616

HUNGARY INITIATIVES FOUNDATION INC

Tax-exempt · WASHINGTON, DC 20004

Financials

$606K$992K2023$464K$1M2024$509K$1.1M2025
Revenue Expenses · by fiscal year end
Financials of HUNGARY INITIATIVES FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$509,483$1,089,835-$580,352$25,005,146$193,058$24,812,088
December 31, 2024990$464,187$1,008,845-$544,658$22,129,746$132,673$21,997,073
December 31, 2023990$605,838$991,740-$385,902$19,985,628$101,774$19,883,854
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,030
Program service revenue
$0
Investment income
$507,453
Other revenue
$0

Expenses

Grants and similar amounts paid
$649,392
Compensation of officers, directors and key employees
$94,000
Other salaries and wages
$103,500
Salaries, compensation and benefits (total)
$211,581
Professional fundraising fees
$0
Legal fees
$330
Accounting fees
$49,650
Travel
$26,074
Program services (functional)
$830,688
Management and general (functional)
$259,147

Balance sheet and other

Total assets, start of year
$22,129,746
Total assets, end of year
$25,005,146
Total liabilities, end of year
$193,058
Net assets, end of year
$24,812,088
Land, buildings and equipment
$1,165
Publicly traded securities
$24,944,272
Net assets without donor restrictions
$24,812,088
Gross receipts
$509,483
Employees
2
Year formed
2012
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANNA SMITH LACEYEXECUTIVE DI
Officer
20$94,000
AMBASSADOR APRIL H FOLEYCHAIR
Trustee or director, Officer
1$0
HON TAMAS FELLEGITRUSTEE
Trustee or director
1$0
HON GEORGE PATAKITRUSTEE
Trustee or director
1$0
EDITH K LAUERTRUSTEE
Trustee or director
1$0
AMB KURT VOLKERTRUSTEE
Trustee or director
1$0
JANOS MARTONYITRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
ANNA SMITH LACEYEXECUTIVE DI
Officer
40$92,000
AMBASSADOR APRIL H FOLEYCHAIR
Trustee or director, Officer
1$0
HON TAMAS FELLEGITRUSTEE
Trustee or director
1$0
HON GEORGE PATAKITRUSTEE
Trustee or director
1$0
EDITH K LAUERTRUSTEE
Trustee or director
1$0
AMB KURT VOLKERTRUSTEE
Trustee or director
1$0
JANOS MARTONYITRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ANNA SMITH LACEYEXECUTIVE DI
Officer
20$89,750
AMBASSADOR APRIL H FOLEYCHAIR
Trustee or director, Officer
1$0
HON TAMAS FELLEGITRUSTEE
Trustee or director
1$0
HON GEORGE PATAKITRUSTEE
Trustee or director
1$0
EDITH K LAUERTRUSTEE
Trustee or director
1$0
AMB KURT VOLKERTRUSTEE
Trustee or director
1$0
JANOS MARTONYITRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1455 PENNSYLVANIA AVENUE NW SUITE 4, WASHINGTON, DC 20004-1008
Principal officer (990 for 2025)
AMBASSADOR APRIL H FOLEY, 1455 PENNSYLVANIA AVENUE NW, WASHINGTON, DC 20004
Signed the 990
AMBASSADOR APRIL H FOLEY, CHAIR
Phone
(202) 627-6810
Return prepared by
DELEON & STANG CPAS AND ADVISORS

Mission

TO STRENGTHEN THE UNDERSTANDING AND COOPERATION BETWEEN HUNGARY AND THE UNITED STATES OF AMERICA.

990 for the year ended December 31, 2025

Program accomplishments

  • LEADERSHIP TRAINING: TO PROVIDE THE NEXT GENERATION OF HUNGARIAN LEADERS WITH PROFESSIONAL NETWORKING, INTERNSHIP, AND FELLOWSHIP OPPORTUNITIES IN THE UNITED STATES OF AMERICA.
    Expenses $199,633 · grants $75,000
  • EDUCATION AND RESEARCH: TO PROMOTE HUNGARIAN-U.S. RELATIONS BY GENERATING INTERNSHIPS, SCHOLARSHIPS, AND ACADEMIC EXCHANGE PROGRAMS.
    Expenses $446,305 · grants $446,305
  • CULTURE AND ART: TO PRESERVE AND PROMOTE AND APPRECIATION OF HUNGARIAN CULTURE, ART, AND SCIENCE IN THE U.S. BY RAISING THE PUBLIC AWARENESS OF HUNGARIAN HISTORY, ARTS, CULTURE, AND ACADEMIC ACHIEVEMENTS ACROSS THE UNITED STATES OF AMERICA.
    Expenses $112,553 · grants $112,553
  • ALUMNI PROGRAMS
    Expenses $72,197 · grants $15,534

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1789616
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,005,146
Income (IRS master file)
$509,483

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$509,483$1,089,835$25,005,146XML
990December 2024$464,187$1,008,845$22,129,746XML
990December 2023$605,838$991,740$19,985,628XML
990December 2022$462,418$1,177,639$17,609,861IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1789616).

Questions about HUNGARY INITIATIVES FOUNDATION INC

What is the EIN of HUNGARY INITIATIVES FOUNDATION INC?
The employer identification number (EIN) of HUNGARY INITIATIVES FOUNDATION INC is 46-1789616.
Is HUNGARY INITIATIVES FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to HUNGARY INITIATIVES FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HUNGARY INITIATIVES FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HUNGARY INITIATIVES FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HUNGARY INITIATIVES FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of HUNGARY INITIATIVES FOUNDATION INC?
The 990 for the year ended December 31, 2025 names AMBASSADOR APRIL H FOLEY.
Who are the officers and directors of HUNGARY INITIATIVES FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $94,000 (ANNA SMITH LACEY, EXECUTIVE DI).
How much revenue does HUNGARY INITIATIVES FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $509,483, expenses of $1,089,835 and total assets of $25,005,146 at year end.

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