H U G S Inc
- Assets
- $83.4k
- Revenue
- $39.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 72-1128842
Organization Overview
H U G S Inc is located in New Orleans, LA. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. H U G S 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, H U G S Inc generated $39.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $44.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, H U G S Inc has awarded 189 individual grants totaling $625,618. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Surprenant President | 0 | $0 | |
Linda Soileau Secretary-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,775 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $250 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $664 |
| Total operating and administrative expenses | $2,944 |
| Contributions, gifts, grants paid | $41,436 |
| Total expenses and disbursements | $44,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,447 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $83,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, H U G S Inc has awarded $41,436 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE OF THE CHARITY | $3,608 |
BOYS HOPEGIRLS HOPE PURPOSE: GENERAL PURPOSE OF THE CHARITY | $2,500 |
CHILD ADVOCACY CENTER PURPOSE: GENERAL PURPOSE OF THE CHARITY | $1,517 |
OTHER CHARITIES 1000 EACH PURPOSE: GENERAL PURPOSE OF THE CHARITY | $5,456 |
ST MICHAEL'S SCHOOL PURPOSE: GENERAL PURPOSE OF THE CHARITY | $2,288 |
ST TAMMANY ASSOCIATION OF RETARDED CITIZENS (STARC) PURPOSE: GENERAL PURPOSE OF THE CHARITY | $4,582 |