Overview
What is Hugs For Us Inc?
Hugs For Us Inc is a nonprofit organization located in New York City, specifically at 853 Broadway, 17th Floor. Their primary purpose is to provide financial and various forms of assistance to employees and former employees of Union Square Hospitality Group (USHG). This aid is intended to cover essential life needs when individuals face financially devastating circumstances beyond their control. The organization operates under the Hugs For Us, Inc Employee Relief Fund, which extends this support to those in need within the USHG community.
Official website here: www.ushg.com/ushg-hugs/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Hugs For Us Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization has demonstrated transparency and ethical governance, with an independent board composed entirely of 10 members. Additionally, the charity has not reported any material diversion of assets, contributing positively to its overall score.
The charity's financial management appears robust, evidenced by a favorable liabilities to assets ratio of 0.00%. Its program expense ratio of 67.70% indicates that a significant portion of its funding is directed toward its programs, which is a positive sign for stakeholders looking for impact-driven organizations. However, some areas for improvement include the absence of a whistleblower policy and a document retention and destruction policy.
Overall, Hugs For Us Inc shows a strong commitment to accountability and transparency, earning a solid score that highlights its responsible management practices. While there are minor gaps in policy documentation, the charity's governance structure and financial health are strong assets that enhance its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hugs For Us Inc legitimate?
Hugs For Us Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hugs For Us 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ushg.com/ushg-hugs/
What is the mission statement of Hugs For Us Inc?
Hugs For Us Inc's mission statement is centered around providing support to current and former employees of companies within the Union Square Hospitality Group (USHG), who have experienced financially devastating circumstances beyond their control and means. The organization's goal is to make financial and various forms of direct and indirect assistance available to these USHG employees and former employees, aiming to help them cope with their challenging situations. Hugs For Us Inc operates with the objective of offering a relief fund, providing essential life needs to individuals in need within the USHG community.
Official website here: www.ushg.com/ushg-hugs/
Who is the CEO of Hugs For Us Inc?
Beth Wisniewski is the President of Hugs For Us Inc.
Official website here: www.ushg.com/ushg-hugs/
What is the revenue of Hugs For Us Inc?
Hugs For Us Inc's revenue in 2022 was $70,524.
Official website here: www.ushg.com/ushg-hugs/
Who are the executives of Hugs For Us Inc and what are their salaries?
There 10 volunteers at Hugs For Us Inc.
Here are 10 key members and their salaries:
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Official website here: www.ushg.com/ushg-hugs/
Where can I find the form 990 for Hugs For Us Inc?
Hugs For Us Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ushg.com/ushg-hugs/
Learn more at the official website: www.ushg.com/ushg-hugs/
Mission Statement of Hugs For Us Inc
Hugs For Us Inc, a nonprofit organization, is dedicated to providing support to current and former employees of companies within the Union Square Hospitality Group (USHG) who have been affected by financially devastating circumstances beyond their control and means. The mission of Hugs For Us Inc is to make available financial and various forms of direct and indirect assistance to these USHG employees and former employees. This aid is aimed at helping them cover essential life needs and navigate through challenging times. By offering this aid, Hugs For Us Inc aims to alleviate some of the financial burden and provide a sense of relief to those in need, thereby contributing to their overall well-being.
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Impact
August, 2024
Hugs For Us Inc's impact lies in providing essential support to current and former employees of companies within the Union Square Hospitality Group who are facing financially devastating circumstances beyond their control. Through the Hugs For Us, Inc Employee Relief Fund, the organization offers grants to help cover essential life needs, ensuring that individuals in crisis have access to financial and other forms of assistance. Their mission is rooted in providing direct and indirect support to those affected, ultimately contributing to the well-being and stability of individuals in need.
This information is meant to be a general summary of Hugs For Us 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.
- Gross Receipts: $70,524
Assets and Liabilities:
- Total Assets: $165,887
- Total Liabilities: $12,808
- Net Assets: $153,079
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Organization Details
Founding Year
2020
Phone
(212) 228-3585Principal Officer
Beth Wisniewski
Main Address
853 BROADWAY 17TH FLOOR, NEW YORK, NY, 10003
Website
www.ushg.com/ushg-hugs/NTEE Category
Code: M12 - Public safety
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