Hungarian American Enterprise Scholarship Fund
Hungarian American Enterprise Scholarship Fund's revenue has collapsed to $1, with assets declining over 80% since 2011.
EIN: 200490204 · South Portland, ME · NTEE: B82 · Updated: 2026-03-28
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Hungarian American Enterprise Scholarship Fund is mapped to EIN 200490204.
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| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $8K |
| Net Assets | $1.1M |
| Transparency Score | 10/100 |
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Hungarian American Enterprise Scholarship Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hungarian American Enterprise Scholarship Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hungarian American Enterprise Scholarship Fund in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $29 and expenses of $8K.
Revenue and Expenses
Hungarian American Enterprise Scholarship Fund reported $29 in revenue and $8K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
10/100 mission score, 5 red flags, and 2 strengths are shown from structured and AI review.
Is Hungarian American Enterprise Scholarship Fund Legit?
Significant Concerns
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Across stored filings, Hungarian American Enterprise Scholarship Fund shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 5 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
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About Hungarian American Enterprise Scholarship Fund
Hungarian American Enterprise Scholarship Fund (EIN: 200490204) is a nonprofit organization based in South Portland, ME, classified under NTEE code B82. The organization reported total revenue of $1 and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hungarian American Enterprise Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hungarian American Enterprise Scholarship Fund is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -62.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29 |
| Total Expenses | $8K |
| Surplus / Deficit | $-7,880 |
| Total Assets | $1.1M |
| Total Liabilities | $9K |
| Net Assets | $1.1M |
| Operating Margin | -27172.4% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 1647.0 months |
Financial Health Grade: B
In 2023, Hungarian American Enterprise Scholarship Fund reported a deficit of $8K with expenses exceeding revenue, holds 1647.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hungarian American Enterprise Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -62.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.3% | +23.0% | -0.4% |
| 2022 | +650.0% | +303.7% | -41.6% |
| 2021 | -89.5% | -86.3% | -0.4% |
| 2020 | -99.9% | -87.5% | +0.7% |
| 2019 | -55.7% | -88.1% | -54.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hungarian American Enterprise Scholarship Fund with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hungarian American Enterprise Scholarship Fund allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization. This is a positive aspect regarding resource allocation, especially given the organization's dire financial state.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hungarian American Enterprise Scholarship Fund's IRS 990 filings:
- Revenue has plummeted to $1 in the latest period, indicating a near-complete cessation of income.
- Consistent and significant deficit spending, with expenses far exceeding revenue for many years.
- Assets have declined by over 80% from $8.4 million in 2011 to $1.3 million currently, suggesting asset depletion.
- Lack of clear program spending in recent years, with expenses likely administrative or related to asset management.
- Unsustainable financial model, relying on asset drawdown to cover minimal expenses.
Strengths
The following positive indicators were identified for Hungarian American Enterprise Scholarship Fund:
- Zero officer compensation reported across all filings, indicating no personal financial benefit to leadership.
- Consistent filing of IRS 990 forms, maintaining transparency in reporting, despite financial challenges.
Frequently Asked Questions about Hungarian American Enterprise Scholarship Fund
Is Hungarian American Enterprise Scholarship Fund a legitimate charity?
Hungarian American Enterprise Scholarship Fund (EIN: 200490204) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 10/100. It has 10 years of IRS 990 filings on record. Total revenue: $1. 5 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hungarian American Enterprise Scholarship Fund spend its money?
Hungarian American Enterprise Scholarship Fund reported $1 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hungarian American Enterprise Scholarship Fund tax-deductible?
Hungarian American Enterprise Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 200490204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hungarian American Enterprise Scholarship Fund compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Hungarian American Enterprise Scholarship Fund is below average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hungarian American Enterprise Scholarship Fund located?
Hungarian American Enterprise Scholarship Fund is headquartered in South Portland, Maine and files with the IRS under EIN 200490204. It is classified under NTEE code B82.
How many years of IRS 990 filings does Hungarian American Enterprise Scholarship Fund have?
Hungarian American Enterprise Scholarship Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1 in total revenue.
Is the Hungarian American Enterprise Scholarship Fund still actively pursuing its mission?
Given the drastic reduction in revenue to $1 and minimal expenses, it is highly questionable whether the organization is still actively pursuing its mission or if it is in a wind-down phase. The financial data suggests very limited, if any, program activity.
What is the source of the organization's remaining assets?
The organization's assets have decreased from $8.4 million in 2011 to $1.3 million currently. The source of the remaining assets is not detailed in the provided data, but they likely represent the remnants of past endowments or investments that have been drawn down over time to cover expenses.
Why has revenue declined so dramatically?
The provided data does not specify the reasons for the dramatic decline in revenue from over $3 million to $1. This could be due to the cessation of major grants, a change in funding model, or a decision to cease operations.
How are the current expenses being covered with only $1 in revenue?
With only $1 in reported revenue, the organization's expenses (e.g., $7,909 in 2023) are being covered by drawing down its existing assets. This is an unsustainable financial model.
Filing History
IRS 990 filing history for Hungarian American Enterprise Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hungarian American Enterprise Scholarship Fund's revenue has declined by 100%, moving from $3.2M to $29. Total assets decreased by 87.1% over the same period, from $8.4M to $1.1M. Total functional expenses fell by 99.6%, from $2.2M to $8K. In its most recent filing year (2023), Hungarian American Enterprise Scholarship Fund reported a deficit of $8K, with expenses exceeding revenue. The organization holds $9K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29 | $8K | $1.1M | $9K | — | — |
| 2022 | $15 | $6K | $1.1M | $6K | — | View 990 |
| 2021 | $2 | $2K | $1.9M | $4K | — | View 990 |
| 2020 | $19 | $12K | $1.9M | $10K | — | — |
| 2019 | $30K | $93K | $1.9M | $35K | — | View 990 |
| 2015 | $68K | $779K | $4.1M | $456K | — | View 990 |
| 2014 | $119K | $977K | $5.0M | $647K | — | View 990 |
| 2013 | $249K | $1.6M | $6.0M | $751K | — | View 990 |
| 2012 | $280K | $1.1M | $7.3M | $424K | — | View 990 |
| 2011 | $3.2M | $2.2M | $8.4M | $503K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29, expenses of $8K, and assets of $1.1M (revenue +93.3% year-over-year).
- 2022: Revenue of $15, expenses of $6K, and assets of $1.1M (revenue +650.0% year-over-year).
- 2021: Revenue of $2, expenses of $2K, and assets of $1.9M (revenue -89.5% year-over-year).
- 2020: Revenue of $19, expenses of $12K, and assets of $1.9M (revenue -99.9% year-over-year).
- 2019: Revenue of $30K, expenses of $93K, and assets of $1.9M (revenue -55.7% year-over-year).
- 2015: Revenue of $68K, expenses of $779K, and assets of $4.1M (revenue -42.8% year-over-year).
- 2014: Revenue of $119K, expenses of $977K, and assets of $5.0M (revenue -52.4% year-over-year).
- 2013: Revenue of $249K, expenses of $1.6M, and assets of $6.0M (revenue -11.1% year-over-year).
- 2012: Revenue of $280K, expenses of $1.1M, and assets of $7.3M (revenue -91.2% year-over-year).
- 2011: Revenue of $3.2M, expenses of $2.2M, and assets of $8.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hungarian American Enterprise Scholarship Fund:
Data Sources and Methodology
This transparency report for Hungarian American Enterprise Scholarship Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.