Hungarian-american Enterprise Scholarship Fund
Only null% goes to programs Strong reserves Declining revenue
Hungarian-american Enterprise Scholarship Fund is a 501(c)(3) organization based in South Portland, Maine, registered in 2004, with $1 in FY2023 revenue. CharityIndex grades it F.
Co Ciee 600 Southborough Dr 104, South Portland, ME, 04106 EIN 20-0490204 Since 2004
Revenue (FY2023)
$1
▼ 96.6% vs prior year
Education median: $200K
Expenses (FY2023)
$6,648
Net assets
$1.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hungarian-american Enterprise Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating2436 mo reserves · -664700% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hungarian-american Enterprise Scholarship Fund: 2436 mo reserves · -664700% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hungarian-american Enterprise Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hungarian-american Enterprise Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Co Ciee 600 Southborough Dr 104, South Portland, ME, 04106
- City
- South Portland
- State
- Maine
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $119K (FY2013) to $1 (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $16KNet assets $1.3M
Operating margin
-664700.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$16K
Net assets
$1.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1▼96.6% | $6,648▼15.9% | $1,349,481▲25.4% | $1,365,194▲25.8% | 990PF |
| 2022 | $29▲93.3% | $7,909▲23.0% | $1,076,452▼0.7% | $1,085,517▼0.4% | 990PF |
| 2021 | $15▲650% | $6,431▲304% | $1,084,332▼41.8% | $1,090,332▼41.6% | 990PF |
| 2020 | $2▼89.5% | $1,593▼86.3% | $1,863,173▼0.1% | $1,867,403▼0.4% | 990PF |
| 2019 | $19▼99.9% | $11,606▼87.5% | $1,864,764▲2.1% | $1,874,664▲0.7% | 990PF |
| 2018 | $30,058▲1187% | $92,612▼25.6% | $1,826,090▲211% | $1,860,916▲193% | 990PF |
| 2017 | $2,336▼96.0% | $124,493▼78.4% | $587,497▼78.0% | $635,769▼79.4% | 990PF |
| 2015 | $58,501▼13.8% | $576,202▼26.0% | $2,666,973▼26.0% | $3,083,137▼24.1% | 990PF |
| 2014 | $67,849▼42.8% | $778,588▼20.3% | $3,605,182▼17.1% | $4,061,071▼18.7% | 990PF |
| 2013 | $118,589 | $976,511▼40.6% | $4,351,244▼17.4% | $4,997,859▼16.9% | 990PF |
| 2012 | — | $1,644,607▲49.8% | $5,264,826▼23.5% | $6,015,340▼17.7% | 990PF |
| 2011 | — | $1,097,625▼49.8% | $6,882,756▼13.0% | $7,306,941▼13.2% | 990PF |
| 2010 | — | $2,187,669 | $7,912,678 | $8,415,703 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Hungarian-american Enterprise Scholarship Fund a legitimate nonprofit?
- Yes. Hungarian-american Enterprise Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-0490204, based in South Portland, Maine. Donations are tax-deductible.
- What is Hungarian-american Enterprise Scholarship Fund's EIN?
- Hungarian-american Enterprise Scholarship Fund's Employer Identification Number (EIN) is 20-0490204.
- How much revenue does Hungarian-american Enterprise Scholarship Fund report?
- Hungarian-american Enterprise Scholarship Fund reported $1 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Hungarian-american Enterprise Scholarship Fund have?
- CharityIndex grades Hungarian-american Enterprise Scholarship Fund F, based on financial health (reserves and operating margin).
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Data for Hungarian-american Enterprise Scholarship Fund (EIN 20-0490204) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.