Overview
What is Peaceful Hugs?
Peaceful Hugs is a nonprofit organization based in Detroit, Michigan, with a specific focus on helping individuals in challenging situations. Operating from 5555 Connor Suite 2226, they offer assistance to single parents, at-risk youth, and individuals in need. Their mission is to empower these individuals by providing resources for employment, education, housing, and personal growth. In times of financial hardship, Peaceful Hugs also extends a helping hand by helping individuals pay their bills. With a dedicated team of 24 employees, Peaceful Hugs is committed to making a positive impact in the Detroit community.
Official website here: www.peacefulhugs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Stars
Peaceful Hugs has received a 69% rating, earning a Two-Star designation. This score reflects the organization's performance in the Accountability & Finance category, which is the sole metric evaluated. The organization demonstrates strong governance with a fully independent board and no material diversion of assets, underscoring financial integrity.
However, the rating also highlights some areas of concern, particularly the absence of key policies such as a conflict of interest policy and a whistleblower policy. These omissions may raise questions about the organization's operational transparency and risk management practices. While the organization boasts a high program expense ratio, indicating a commitment to its mission, the lack of certain policies could hinder its overall effectiveness and trustworthiness.
In summary, while Peaceful Hugs shows positive aspects in financial management and board independence, improvements are needed in their policy framework to enhance accountability and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Peaceful Hugs legitimate?
Peaceful Hugs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peaceful Hugs 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $486,430
For more financial information, click here
Official website here: www.peacefulhugs.org
What is the mission statement of Peaceful Hugs?
Peaceful Hugs, as an organization, is committed to assisting single parents, at-risk youth, and individuals in need. They achieve this by offering various opportunities in employment, education, housing, and other resources. These resources are designed to foster personal and professional growth among the recipients. Peaceful Hugs has also extended a helping hand to individuals facing financial difficulties by assisting them in paying their bills during challenging times. The organization's mission is centered around providing a supportive environment and essential resources to empower these individuals to improve their lives.
Official website here: www.peacefulhugs.org
What is the revenue of Peaceful Hugs?
Peaceful Hugs's revenue in 2023 was $905,140.
Official website here: www.peacefulhugs.org
Who are the executives of Peaceful Hugs and what are their salaries?
The average compensation at Peaceful Hugs during 2023 was $16,773. There are 29 employees at Peaceful Hugs.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.peacefulhugs.org
Where can I find the form 990 for Peaceful Hugs?
Peaceful Hugs's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peacefulhugs.org
Learn more at the official website: www.peacefulhugs.org
Mission Statement of Peaceful Hugs
Peaceful Hugs, as a nonprofit organization, is committed to assisting single parents, at-risk youth, and individuals in need. They achieve this mission by offering various opportunities that promote personal and professional growth. These opportunities encompass employment, education, housing, and other vital resources. By providing these resources, Peaceful Hugs aims to support and empower the individuals they serve, helping them overcome their challenges and improve their lives. During difficult times, Peaceful Hugs also extended a helping hand by assisting individuals in paying their bills.
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Impact
July, 2024
Peaceful Hugs has made a significant impact on the Detroit community by providing crucial support to single parents, at-risk youth, and people in need. Through their efforts to assist individuals facing financial challenges, Peaceful Hugs has been instrumental in helping these vulnerable populations access resources for employment, education, housing, and personal growth. By offering assistance with bill payments during tough times, Peaceful Hugs has helped alleviate financial burdens and promote stability for those in need. Their commitment to human services and their mission to empower individuals have undoubtedly created a positive ripple effect that has brought hope and tangible support to many lives in Detroit.
This information is meant to be a general summary of Peaceful Hugs. 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 2023.
- Investment Income: $1,244
- Program Service Revenue: $735,304
- Gross Receipts: $905,140
Assets and Liabilities:
- Total Assets: $551,037
- Total Liabilities: $12,824
- Net Assets: $538,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Legacy
Revenue
$723,618
Peaceful Hugs
Revenue
$11,686
Organization Details
Founding Year
2018
Principal Officer
Mark Zahringer
Website
www.peacefulhugs.orgNTEE Category
Code: P80 - Human services
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