World Hug Foundation Inc
- Assets
- $14.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-5199143
Organization Overview
World Hug Foundation Inc is located in Bronx, NY. The organization was established in 2017. According to its NTEE Classification (Q40) the organization is classified as: International Peace & Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World 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 12/2022, World Hug Foundation Inc generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $93.2k 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
AS A NON-PROFIT ORGANIZATION, WE VISITED ADOPTIVE FAMILIES, DELIVERED DONATIONS, AND COVERED THE EXPENSES FOR THE ADOPTIVE'S WEDDING. WE ALSO PROVIDED FINANCIAL SUPPORT FOR INDIVIDUALS WHO PASSED AWAY IN ADOPTIVE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Kil President | 20 | $0 | |
Jaekyu D Kang Treasurer | 10 | $0 | |
John Shin Executive Di | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,375 |
| 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 | $5,375 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $1,400 |
| Printing, publications, postage, and shipping | $5,670 |
| Other expenses | $85,178 |
| Total expenses | $93,248 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,598 |
| Other assets | $0 |
| Total assets | $14,598 |
| Total liabilities | $378,520 |
| Net assets or fund balances | -$363,922 |