Hugs For Brady Foundation
- Assets
- $216.6k
- Revenue
- $181.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kendall Park, NJ
- Founding
- 12/2010
- Data as of
- 06/2022
- 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. 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 06/2022, Hugs For Brady Foundation generated $181.6k 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 (9.5%) each year. All expenses for the organization totaled $199.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2022
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 | 55 | $0 |
Michael Wells Secretary | OfficerTrustee | 5 | $0 |
Kellie Brockman Treasurer | OfficerTrustee | 2 | $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 | $10,548 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,435 |
| Noncash contributions included in lines 1a–1f | $26,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,983 |
| Total Program Service Revenue | $0 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$34,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,610 |
| Payroll taxes | $3,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,252 |
| Advertising and promotion | $13,855 |
| Office expenses | $35,865 |
| 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 | $3,748 |
| Interest | $6,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286 |
| Insurance | $2,711 |
| All other expenses | $413 |
| Total functional expenses | $199,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $207,780 |
| 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 | $8,862 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,642 |
| Accounts payable and accrued expenses | $22,590 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $172,590 |
| Net assets without donor restrictions | $17,300 |
| Net assets with donor restrictions | $26,752 |
| 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 | $216,642 |
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 |