Bear Hug Foundation Inc
- Assets
- $105.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Birmingham, MI
- Founding
- 03/2000
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Bear Hug Foundation Inc generated $87.5k 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 (6.3%) each year. All expenses for the organization totaled $71.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) 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
PROGRAMS TO PROVIDE UNDERPRIVILEDGED AND AT-RISK YOUTHS AN OPPORTUNITY TO ATTEND A RESIDENTIAL SUMMER YOUTH CAMP FOR SEVERAL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Chernow Director | 0 | $0 | |
Eric Clark Director | 0 | $0 | |
Jesse Fenton Director | 0 | $0 | |
Betsy Kellman Director | 0 | $0 | |
Samantha Friedman Director | 0 | $0 | |
Julie Marx Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,490 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20 |
| Total Revenue | $87,510 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,000 |
| Professional fees and other payments to independent contractors | $3,632 |
| Occupancy, rent, utilities, and maintenance | $1,262 |
| Printing, publications, postage, and shipping | $2,898 |
| Other expenses | $55,577 |
| Total expenses | $71,369 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,103 |
| Other assets | $0 |
| Total assets | $105,193 |
| Total liabilities | $16,500 |
| Net assets or fund balances | $88,693 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bear Hug Foundation Inc has recieved totaling $14,538.
| Awarding Organization | Amount |
|---|---|
The Samuel And Jean Frankel Health And Research Foundation Bloomfield Hills, MI PURPOSE: OUTDOOR EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR FOSTER CHILDREN | $12,000 |
Stanley And Judith Frankel Family Foundation Troy, MI PURPOSE: ANNUAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spring Hill Camps Evart, MI | $22,299,601 | $8,356,719 |
Fresh Air Society Bloomfield Hills, MI | $19,969,834 | $9,293,436 |
Camp Manitowish Y M C A Inc Boulder Junction, WI | $24,143,360 | $5,245,713 |
Midwest Campers Inc Beachwood, OH | $948,560 | $5,680,943 |
Boys Girls Of Greater Cincinnati Inc Cincinnati, OH | $26,556,523 | $5,192,731 |
Forest Springs Camp And Conference Center Inc Westboro, WI | $11,536,806 | $6,135,628 |
Fort Wilderness Ministries Incorporated Mcnaughton, WI | $9,536,857 | $6,032,282 |
Ruth Ellis Center Inc Highland Park, MI | $3,374,604 | $3,386,718 |
Camping & Education Foundation Cincinnati, OH | $16,356,762 | $4,569,986 |
Grace Adventures Mears, MI | $12,083,796 | $5,295,986 |
Flying Horse Farms Mt Gilead, OH | $15,804,473 | $2,531,789 |
Crossroads For Youth Oxford, MI | $2,859,246 | $2,278,096 |