International Hug Foundation
- Assets
- $198.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 16-1746560
Organization Overview
International Hug Foundation is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Hug Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, International Hug Foundation generated $137.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $159.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IHUG USA IS THE GRANTOR OF FUNDS WHOSE PURPOSE IS TO SUPPORT A LOCAL COMMUNITY IN KABALAGALA, UGANDA. THROUGH THESE GRANTS, TUITION FEES ARE PROVIDED FOR CHILDREN FROM GRADES 1-12. THE GRANTS ALSO PROVIDE FOR ACCESS TO HEALTHCARE THROUGH TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Breitstein President | 15 | $0 | |
Mandy Hickling Secretary | 10 | $0 | |
Eduardo Beltre Treasurer | 1 | $0 | |
Lynn Serra Director | 1 | $0 | |
Rebecca Duane Director | 1 | $0 | |
Jacqueline Busingye Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,718 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $105 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$15,317 |
| Other Revenue | $0 |
| Total Revenue | $137,506 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,813 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $230 |
| Other expenses | $14,865 |
| Total expenses | $159,227 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,345 |
| Other assets | $0 |
| Total assets | $198,125 |
| Total liabilities | $475 |
| Net assets or fund balances | $197,650 |