lefile GRAPHIC Form
rint - DO NOT PROCESS
I As Filed Data - I
OMB No 1545-0047
Return of Organization Exempt From Income Tax
990
For the 2016 calendar y ear, or tax y ear be g innin g 01-01-2016
. and endina 12-31-2016
C Name of organization MAGYAR FOUNDATION OF NORTH AMERIC
B Check if applicable ❑ Address change
2016
Under section 501(c ), 527, or 4947 ( a)(1) of the Internal Revenue Code ( except private foundations) ^ Do not enter social security numbers on this form as it may be made public ^ Information about Form 990 and its instructions is at www IRS gov/form990
Department of the Trea^un Internal Rev enue Ser ice A
DLN: 93493319042627
D Employer identification number
47-1002151
❑ Name change Doing business as
❑ Initial return Final - I II/ - I n naLeu
Number and street (or P O box if mail is not delivered to street address) 3033 WILSON BLVD NO 700
❑ Am ended return
L I eiepnone nurnuer
Room/suite
(703) 549-7705
❑ Application pending City or town, state or province, country, and ZIP or foreign postal code ARLINGTON, VA 22201
G Gross receipts $ 2,10 3,477
F Name and address of principal officer DAVID SATTERFIELD 228 S WASHINGTON ST ALEXANDRIA, VA 22314 I
Tax-exempt status
J
Website : ^
❑
R
501(c) ( 4
subordinates? H(b) Are all subordinates included? ❑ 4947(a)(1) or
I (insert no )
❑ 527
If "No," attach a list
9 Corporation
2 No ❑ Y es
o
(see instructions)
H(c) Group exemption number ^
WWW MAGYARFOUNDATION COM
K Form of organization NLi ^
501(c)(3)
H(a) Is this a group return for
L Year of formation
❑ Trust ❑ Association ❑ Other ^
2014
M State of legal domicile
DC
Summary
1 Briefly describe the organization's mission or most significant activities TO PROMOTE HUNGARIAN CULTURE IN NORTH AMERICA AND TO ENGAGE HUNGARI AN AMERICANS IN HUNGARIAN-FOC USED ACTIVITIES AND EVENTS U ti
Q
2 3
Check this box ^ ❑ if the organization discontinued its operations or disposed of more than 25% of its net assets Number of voting members of the governing body (Part VI, line 1a) . . . . . . . 3
5
4
Number of independent voting members of the governing body (Part VI, line 1b)
4
5
5
Total number of individuals employed in calendar year 2016 (Part V, line 2a)
5
0
6 Total number of volunteers (estimate if necessary)
a
.
.
.
7a Total unrelated business revenue from Part VIII, column (C), line 12 b Net unrelated business taxable income from Form 990-T, line 34
.
.
.
.
6
0
.
.
.
.
.
7a
0
.
.
.
.
.
7b Prior Year
8
Contributions and grants (Part VIII, line 1h)
9
Program service revenue (Part VIII, line 2g)
.
2,105,712
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d
.
.
.
.
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3 14 Benefits paid to or for members (Part IX, column (A), line 4)
.
.
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 16a Professional fundraising fees (Part IX, column (A), line 11e)
0 Current Year 2,103,312
0
0
103
165
0
0
2,105,815
2,103,477
50,000
0
0
0
0
0
100,000
0
1,595,676
875,756
1,745,676
875,756
b Total fundraising expenses (Part IX, column (D), line 25)
17 Other expenses (Part IX, column (A), lines 11a-11d, llf-24e)
.
18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 19
Revenue less expenses Subtract line 18 from line 12
360,139 Beginning of Current Year
T
'M
20 Total assets (Part X, line 16)
.
21 Total liabilities (Part X, line 26) Z1
22
.
.
.
.
.
.
.
.
.
Net assets or fund balances Subtract line 21 from line 20
Si g nature Block Under penalties of perjury, I declare that I have examined this return, inclu knowl edge and belief, it is true, correct, and complete Declaration of prepa an y knowled g e
Sign Here
Signature of officer DAVID SATTERFIELD TREASURER Type or print name and title Print/Type preparer's name ANDREW S COOPER
Paid Preparer Use Only
Firm's name
Preparer's signature ANDREW S COOPER
^ LOBEL COOPER & ASSOCIATES PC
Firm's address ^ 6309 EXECUTIVE BLVD NORTH BETHESDA, MD
20852
May the IRS discuss this return with the preparer shown above? (see instrui For Paperwork Reduction Act Notice, see the separate instructions.
.
.
.
386,764
1,227,721 End of Year
1,614,485
0
0
386,764
1,614,485