Free Mom Hugs Inc
- Assets
- $408.1k
- Revenue
- $432.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Oklahoma City, OK
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-1530294
Organization Overview
Free Mom Hugs Inc is located in Oklahoma City, OK. The organization was established in 2018. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Free Mom Hugs Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Mom Hugs 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, Free Mom Hugs Inc generated $432.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $357.7k during the year ending 12/2022. While expenses have increased by 38.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION ADVOCATES FOR THE LGBTQIA+ COMMUNITY BY PROVIDING EDUCATION, RESOURCES AND SUPPORT THROUGH VARIOUS COMMUNITY EVENTS AND PROGRAMS WITH CORPORATIONS, UNIVERSITIES, CHURCHES, HIGH SCHOOLS, ORGANIZATIONS AND OTHER ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED OUTREACH TO THE LGBTQIA+ COMMUNITY AND ALLIES INCLUDING PRIDE RIDES, NATIONAL COMING OUT DAY EVENTS, COLLABORATION WITH CORPORATIONS ON DEI EDUCATION, ORGANIZED PRIDE MONTH EVENTS AND CONTINUED TO EXPAND TRAINING FOR VOLUNTEERS AND CHAPTER LEADERS IN ALL 50 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karrie Fletcher-Rollins Executive Director | 40 | $77,900 | |
Sara Cunningham Founder Cio | Officer | 40 | $51,348 |
Katrina Kalb Program And Social Director | Officer | 40 | $36,899 |
Shannon Black Treasurer | Officer | 20 | $0 |
Arleta Greer President | Officer | 20 | $0 |
Jan Pezant Secretary | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,984 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,508 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,180 |
| Compensation of current officers, directors, key employees. | $166,147 |
| Compensation of current officers, directors, key employees. | $86,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,894 |
| Fees for services: Accounting | $6,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,141 |
| Advertising and promotion | $555 |
| Office expenses | $12,591 |
| Information technology | $11,521 |
| Royalties | $0 |
| Occupancy | $12,591 |
| Travel | $15,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215 |
| Insurance | $1,143 |
| All other expenses | $0 |
| Total functional expenses | $357,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,748 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,056 |
| Accounts payable and accrued expenses | $48,834 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,834 |
| Net assets without donor restrictions | $31,319 |
| Net assets with donor restrictions | $327,903 |
| 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 | $408,056 |