Overview
What is Hugs Foundation Inc?
Hugs Foundation Inc, located in Rochester, New York, is a compassionate nonprofit organization with a mission to support teams of volunteer medical professionals. They provide funding for these dedicated professionals to perform free surgeries for children and adolescents who suffer from deformities or conditions that can be rectified through plastic surgery. This noble initiative aims to improve the lives of these young individuals, enabling them to lead more fulfilling lives. With a committed workforce of three individuals, Hugs Foundation Inc's efforts extend beyond the boundaries of the medical field, bringing hope and healing to those in need.
Official website here: www.helpusgivesmiles.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Hugs Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial performance and accountability. The overall score is derived solely from the Accountability & Finance beacon, where the organization scored 50%. This low rating suggests that while some governance components are in place, there are critical gaps in financial management and transparency that need to be addressed.
The organization performs well in certain areas, such as having an entirely independent board and a robust conflict of interest policy. It also demonstrates no material diversion of assets, which is a positive indicator of integrity. However, the absence of key documents such as board meeting minutes and the nonprofit's tax form on its website raises flags about transparency and adherence to best practices in governance.
Additionally, the financial metrics reveal a concerning picture, with a program expense ratio of only 36.58%, indicating that a significant portion of its funds may not be directed toward its programs. The liabilities to assets ratio of 0.00% also suggests potential financial instability. Overall, while Hugs Foundation Inc has some strengths in governance, its financial practices warrant significant improvement to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hugs Foundation Inc legitimate?
Hugs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hugs Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,424
For more financial information, click here
Official website here: www.helpusgivesmiles.org
What is the mission statement of Hugs Foundation Inc?
The Hugs Foundation Inc's mission is centered around providing financial support for teams of volunteer medical professionals. These teams then offer free surgeries to children and adolescents who are afflicted by deformities or conditions that can be rectified through plastic surgery. The foundation's primary goal is to make these life-changing procedures accessible to those who would otherwise be unable to afford them. The team of volunteers works tirelessly to improve the physical well-being and self-confidence of these young individuals, thus enhancing their overall quality of life.
Official website here: www.helpusgivesmiles.org
Who is the CEO of Hugs Foundation Inc?
Unavailable The CEO's salary of Hugs Foundation Inc is $0 and their total compensation is $0.
Official website here: www.helpusgivesmiles.org
What is the revenue of Hugs Foundation Inc?
Hugs Foundation Inc's revenue in 2022 was $552,364.
Official website here: www.helpusgivesmiles.org
Who are the executives of Hugs Foundation Inc and what are their salaries?
The average compensation at Hugs Foundation Inc during 2022 was $28,975. There are 3 employees at Hugs Foundation Inc.
Here are 13 key members and their salaries (Hugs Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $75,500
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.helpusgivesmiles.org
Where can I find the form 990 for Hugs Foundation Inc?
Hugs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.helpusgivesmiles.org
Learn more at the official website: www.helpusgivesmiles.org
Mission Statement of Hugs Foundation Inc
Hugs Foundation Inc is dedicated to providing financial support for teams of volunteer medical professionals who perform free surgeries for children and adolescents suffering from deformities or conditions that can be remedied through plastic surgery. Their mission is to improve the lives of these young individuals by addressing their physical concerns, thereby enhancing their self-esteem and overall well-being. The foundation's commitment to this cause allows these medical professionals to provide their expertise and compassion, ensuring that these children have access to life-changing surgeries that would otherwise be out of reach due to financial constraints.
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Impact
July, 2024
Hugs Foundation Inc's impact is profound as it provides funding for teams of volunteer medical professionals who perform free surgeries for children and adolescents suffering from deformities or conditions that can be remedied through plastic surgery. By organizing these surgeries, the organization not only improves the physical well-being of these young individuals but also enhances their quality of life and self-esteem. The organization's mission to provide these critical medical services to those in need demonstrates a commitment to making a positive difference in the lives of vulnerable populations, both in the local community and internationally.
This information is meant to be a general summary of Hugs Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,510
- Gross Receipts: $1,566,638
Assets and Liabilities:
- Total Assets: $2,192,110
- Total Liabilities: $0
- Net Assets: $2,192,110
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Organization Details
Founding Year
2003
Phone
(585) 244-1000Main Address
973 EAST AVENUE, ROCHESTER, NY, 14607
Website
www.helpusgivesmiles.orgNTEE Category
Code: Q33 - International
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