World Hug Foundation Inc
- Assets
- $100.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 08/2017
- Data as of
- 12/2021
- 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 12/2021, World Hug Foundation Inc generated $26.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $195.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
A KOREAN AMERICAN ADOPTEE MEETING AT MARYLAND AND SEEKING FUTURE SOLIDARITY PLAN. VISIT THE EMBASSY OF KOREA IN WASHINGTON DC AND DISCUSS THE ISSUE OF ADOPTEES. PETITION SIGNING DAY AT FLUSHING STREET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaekyu D Kang Treasurer | 10 | $0 | |
Sunny Shin Director | 10 | $0 | |
John Shin Executive Director | 20 | $0 | |
Jin Ok Choi Director | 10 | $0 | |
Joanna Kil President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,680 |
| 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 | $26,680 |
| 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 | $24,150 |
| Occupancy, rent, utilities, and maintenance | $1,400 |
| Printing, publications, postage, and shipping | $15,619 |
| Other expenses | $154,178 |
| Total expenses | $195,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,696 |
| Other assets | $0 |
| Total assets | $100,696 |
| Total liabilities | $376,745 |
| Net assets or fund balances | -$276,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Hug Foundation Inc has recieved totaling $101.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Peace Institute Inc New York, NY | $10,311,911 | $10,765,492 |
Universal Peace Federation Tarrytown, NY | $3,501,266 | $8,868,892 |
Seeds Of Peace Inc New York, NY | $4,343,630 | $6,184,557 |
Nippon Kaiji Kyokai Fort Lee, NJ | $8,856,357 | $7,011,325 |
Concordia Summit Inc New York, NY | $1,272,481 | $3,044,818 |
Article 19 Inc New York, NY | $1,868,031 | $4,319,144 |
The Threshold Foundation Brewster, NY | $5,149,159 | $2,369,206 |
T Ruah New York, NY | $1,426,817 | $2,567,813 |
Friends Of Givat Haviva Inc New York, NY | $1,485,431 | $2,799,978 |
Abraham Fund Initiatives New York, NY | $1,092,046 | $1,351,881 |
Rosa-Luxemburg-Stiftung Inc New York, NY | $763,961 | $1,444,233 |
Judaism And Democracy Action Alliance Of North America Inc New York, NY | $1,205,504 | $1,194,276 |