Hug A Bear Foundation Inc
- Assets
- $112.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeton, NJ
- Founding
- 02/2007
- Data as of
- 06/2022
- EIN
- 20-5722833
Organization Overview
Hug A Bear Foundation Inc is located in Bridgeton, NJ. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Hug A Bear 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 06/2022, Hug A Bear Foundation Inc generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
COMMUNITY HUG A BEAR PROJECT AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Alan Woodruff Chairman | 0 | $0 | |
Frank Baitinger Trustee | 0 | $0 | |
Cosmo F Terrigno Secretary | 0 | $0 | |
William D Lomberk Treasurer | 0 | $0 | |
Diane Kolman Exective Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,859 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,280 |
| Gain or Loss | -$1,957 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,182 |
| 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 | $146 |
| Other expenses | $2,276 |
| Total expenses | $2,422 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,154 |
| Other assets | $0 |
| Total assets | $112,154 |
| Total liabilities | $0 |
| Net assets or fund balances | $112,154 |
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