Hugs Foundation Inc

Organization Overview

Hugs Foundation Inc is located in Rochester, NY. The organization was established in 2003. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Hugs Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugs 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 12/2021, Hugs Foundation Inc generated $758.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $180.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDING FOR TEAMS OF VOLUNTEER MEDICAL PROFESSIONALS WHICH PERFORM FREE SURGERIES TO CHILDREN AND ADOLESCENTS SUFFERING FROM DEFORMITIES OR CONDITIONS THAT CAN BE REMEDIED THROUGH PLASTIC SURGERY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FUNDING FOR TEAMS OF VOLUNTEER MEDICAL PROFESSIONALS WHICH PERFORM FREE SURGERIES TO CHILDREN AND ADOLESCENTS SUFFERING FROM DEFORMITIES OR CONDITIONS THAT CAN BE REMEDIED THROUGH PLACTIC SURGERY.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Palumbo
Executive Dir.
$80,000
Vito Quatela MD
President & CEO
$0
David Diprosa
Director
$0
Matthew Moreno
Director
$0
Joshua Weitz MD
Director
$0
Doug Emblidge
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$491,178
Noncash contributions included in lines 1a–1f $230,217
Total Revenue from Contributions, Gifts, Grants & Similar$491,178
Total Program Service Revenue$0
Investment income $9,701
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $132
Net Income from Fundraising Events $257,021
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $758,032

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hugs Foundation Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Cumming 2000 Charitable Trust

Fairport, NY

PURPOSE: SURGICAL INTERVENTIONS FOR POOR CHILDREN

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$66,795
Earnings$8,811
Admin Expense$731
Ending Balance$74,875

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