Civic Intelligence

Furry Hugs Inc.

990EZ • Fiscal year 2020 • EIN 81-0836439

Jan 01, 2020 to Dec 31, 2020 • Filed on May 16, 2021

1310 Richard StreetSalisbury, NC 28144

(336) 998-2751

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.16x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.91x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Net Margin

95th percentile

82%

Higher net margin than 95% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE P • <$500k nonprofits • Source year 2020

Asset Growth

61st percentile

17%

Faster asset growth than 61% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-87%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • NTEE P • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$12,957

Up $1,912 (+17%) from 2019

Net Assets

Up

$10,842

Up $1,912 (+21%) from 2019

Liabilities

Flat

$2,115

Flat from 2019

Revenue

Down

$2,328

Down $15,125 (-87%) from 2019

Expenses

Down

$416

Down $17,997 (-98%) from 2019

Net Income

Up

$1,912

Up $2,872 (+299%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2017: $12,312Liabilities 2017: $2,1152017Assets 2018: $12,005Liabilities 2018: $2,115Net Assets 2018: $9,8902018Assets 2019: $11,045Liabilities 2019: $2,115Net Assets 2019: $8,9302019Assets 2020: $12,957Liabilities 2020: $2,115Net Assets 2020: $10,8422020Assets 2021: $27,867Liabilities 2021: $2,115Net Assets 2021: $25,7522021Assets 2022: $28,283Liabilities 2022: $2,115Net Assets 2022: $26,1682022Assets 2023: $26,495Liabilities 2023: $638Net Assets 2023: $25,8572023Assets 2024: $27,580Liabilities 2024: $638Net Assets 2024: $26,9422024

Highlighted filing

2020

Assets$12,957
Liabilities$2,115
Net Assets$10,842

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20K$15K$10K$5.0K$0-$5.0KRevenue 2017: $8,856Expenses 2017: $8,235Net Income 2017: $6212017Revenue 2018: $5,806Expenses 2018: $6,113Net Income 2018: -$3072018Revenue 2019: $17,453Expenses 2019: $18,413Net Income 2019: -$9602019Revenue 2020: $2,328Expenses 2020: $416Net Income 2020: $1,9122020Revenue 2021: $15,422Expenses 2021: $512Net Income 2021: $14,9102021Revenue 2022: $2,028Expenses 2022: $1,605Net Income 2022: $4232022Revenue 2023: $104Expenses 2023: $415Net Income 2023: -$3112023Revenue 2024: $1,500Expenses 2024: $415Net Income 2024: $1,0852024

Highlighted filing

2020

Revenue$2,328
Expenses$416
Net Income$1,912
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 16, 2021
Return Version
2020v4.1
Gross Receipts
$2,328
Mission and Program Overview

Mission

To provide a stuffed animal to every child or senior citizen who is experiencing a tough time in order to make that patient feel safe, comfortable and calm their anxiety.

Program Services

DescriptionGrantsExpenses
Our goal at Furry Hugs is to provide a stuffed animal to every child or senior citizen to help them get through a tough time. Community Partners include 8 medical centers and a Hospice facility. 3,033 stuffed animals were provided to medical centers in 2018.$0$0
Established community partners and provided them with 50 stuffed animals to include as part of holiday events involving senior citizens.$0$0
Expanded our partnerships adding additional medical centers.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard W WilliamsPresidentPT$0--
Elaine WilliamsSecretary-TreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Furry Hugs Inc
EIN
81-0836439
Phone
3369982751
Address
1310 Richard Street, Salisbury, NC 28144

Signing Officer

Name
Richard Williams
Title
President
Phone
3369982751
Signed
2021-05-16
Discuss with paid preparer
Yes

Preparer

Firm
Edwards Falls Renegar Pllc
Address
4540 COUNTRY CLUB RD, WINSTON SALEM, NC 27104
Preparer
Terry N Renegar
Phone
3367658327
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: Dividends. Amount: 263.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Due to Williams Med Textiles. Beg. of Year Amount: 1,960. End of Year Amount: 1,960. Description: Due to Value Clothing. Beg. of Year Amount: 55. End of Year Amount: 55. Description: Refundable advances. Beg. of Year Amount: 100. End of Year Amount: 100.

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Salisbury
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Established community partners and provided them with 50 stuffed animals to include as part of holiday events involving senior citizens.
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ReturnHeader/Filer/PhoneNum03369982751
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ReturnHeader/PreparerPersonGrp/PhoneNum03367658327
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Terry N Renegar
ReturnHeader/ReturnTs02021-05-16T12:23:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Richard
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Williams
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings