9 Hugs Foundation Inc is located in Merrick, NY. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 9 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 12/2022, 9 Hugs Foundation Inc generated $41.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $32.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
GIVE & SHARE BY IMPROVING THEIR LIVES THROUGH EFFECTIVE ACTION AND LEADERSHIP, TARGETING ARISING PROBLEMS AND PEOPLE IN DESPERATE NEED THAT WILL DEVELOP AND BRIGHTEN A SUCCESSFUL FUTURE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spay Argyros President | 0 | $0 | |
Christine Koufalias Karanikas Vice President | 0 | $0 | |
Eleni Petropoulos Secretary | 0 | $0 | |
Mina Perikleous Treasurer | 0 | $0 | |
Anna Maria Kalonaros Trustee | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,518 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,518 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,221 |
| Other expenses | $12,693 |
| Total expenses | $32,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,069 |
| Other assets | $0 |
| Total assets | $34,069 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,069 |