Bear Hug Foundation Inc
- Assets
- $101.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Birmingham, MI
- Founding
- 03/2000
- Data as of
- 09/2023
- EIN
- 38-3501554
Organization Overview
Bear Hug Foundation Inc is located in Birmingham, MI. The organization was established in 2000. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Bear Hug Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Hug Foundation Inc 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 09/2023, Bear Hug Foundation Inc generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $77.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. 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
PROGRAMS TO PROVIDE UNDERPRIVILEDGED AND AT-RISK YOUTH AN OPPORTUNITY TO ATTEND A RESIDENTIAL SUMMER YOUTH CAMP FOR SEVERAL DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Chernow Director | 0 | $0 | |
Eric Clark Director | 0 | $0 | |
Jesse Fenton Director | 0 | $0 | |
Lauren P Katkowsky Director | 0 | $0 | |
Betsy Kellman Director | 0 | $0 | |
Samantha Friedman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,668 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $628 |
| Total Revenue | $74,296 |
| 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 | $1,050 |
| Occupancy, rent, utilities, and maintenance | $1,072 |
| Printing, publications, postage, and shipping | $2,693 |
| Other expenses | $72,733 |
| Total expenses | $77,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,851 |
| Other assets | $0 |
| Total assets | $101,941 |
| Total liabilities | $16,500 |
| Net assets or fund balances | $85,441 |