Hugs For Brady Foundation
- Assets
- $240.6k
- Revenue
- $266.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Kendall Park, NJ
- Founding
- 12/2010
- Data as of
- 06/2021
- EIN
- 27-3921673
Organization Overview
Hugs For Brady Foundation is located in Kendall Park, NJ. The organization was established in 2010. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, Hugs For Brady Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugs For Brady 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 06/2021, Hugs For Brady Foundation generated $266.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $322.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS AND MONEY FOR CHILDHOOD CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPECIAL ASSISTANCE TO THOSE FAMILIES AND HOSPITALS BATTLING CHILDHOOD CANCER.
ENCOURAGING ADVOCACY AND AWARENESS OF THE IMPACT OF CHILDHOOD CANCER THROUGH ADVERTISING AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherrie Wells President | OfficerTrustee | 40 | $66,462 |
Kellie Brockman Treasurer | OfficerTrustee | 2 | $0 |
Michael Wells Secretary | OfficerTrustee | 5 | $0 |
Bert Baron Trustee | Trustee | 1 | $0 |
Bert Mandelbaum Trustee | Trustee | 1 | $0 |
Tom Morris Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,363 |
| Noncash contributions included in lines 1a–1f | $33,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,733 |
| Total Program Service Revenue | $0 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $32,161 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,231 |
| Compensation of current officers, directors, key employees. | $8,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,341 |
| Payroll taxes | $7,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,550 |
| Advertising and promotion | $71,440 |
| Office expenses | $39,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $648 |
| Insurance | $2,090 |
| All other expenses | $658 |
| Total functional expenses | $322,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $219,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,093 |
| Net Land, buildings, and equipment | $286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,632 |
| Accounts payable and accrued expenses | $28,693 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $178,593 |
| Net assets without donor restrictions | $28,324 |
| Net assets with donor restrictions | $33,715 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $240,632 |
Grants Awarded
Over the last fiscal year, Hugs For Brady Foundation has awarded $153,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS CANCER INSTITUTE OF NJ FOUNDATION INC PURPOSE: RESEARCH | $100,000 |
ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL PURPOSE: RENOVATION OF SUNROOM | $53,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hugs For Brady Foundation has recieved totaling $11,411.
| Awarding Organization | Amount |
|---|---|
Telecom For Change Mesa, AZ PURPOSE: CHILDREN'S SERVICES | $5,766 |
The Somerset Patriots Childrens Educational And Sportmanship Bridgewater, NJ PURPOSE: GENERAL SUPPORT | $5,197 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $423 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Room Aids Ministry Inc Adult Day Health Care Center New York, NY | $12,030,689 | $18,432,738 |
American Board Of Surgery Philadelphia, PA | $21,861,493 | $12,534,091 |
Hemophilia Alliance Group Purchasing Organization Inc Lansdale, PA | $7,827,935 | $7,535,975 |
Unite For Her West Chester, PA | $2,837,331 | $3,562,552 |
Primary Care Services Meadville, PA | $221,457 | $2,059,942 |
Relapsing Polychondritis Awareness And Support Foundation New York, NY | $1,026,239 | $1,006,610 |
Corporate Angel Network Inc White Plains, NY | $5,017,571 | $1,458,856 |
Cancer Bridges Pittsburgh, PA | $5,131,335 | $886,281 |
Frances Foundation For Kids Fighting Cancer Inc Holmdel, NJ | $128,224 | $468,429 |
New York City Hemophilia Chapter New York, NY | $477,605 | $590,348 |
Cedars Inc Havertown, PA | $339,532 | $424,269 |
Hugs For Brady Foundation Kendall Park, NJ | $240,632 | $266,905 |