World Hug Foundation Inc.

990EZ • Fiscal year 2023 • EIN 81-5199143

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profile N/A

441 E 155th StreetBronx, NY 10455

(646) 254-2992

Siviq Scores

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

54.57x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

4.24x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

-8.6%

Higher net margin than 31% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

Higher top officer pay than 86% of similar nonprofits.

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

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

-52%

Faster asset growth than 15% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Annualized from 2022 to 2023

1560%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets99th percentile

Assets

Down

$6,937

Down $7,661 (-52%) from 2022

Net Assets

Down

-$371,583

Down $7,661 (-2.1%) from 2022

Liabilities

Flat

$378,520

Flat from 2022

Revenue And Expenses

Liabilities / Revenue98th percentile Net Margin31st percentile

Revenue

$89,231

Up $83,856 (+1560%) from 2022

Expenses

$96,892

Up $3,644 (+3.9%) from 2022

Net Income

-$7,661

Up $80,212 (+91%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

Highlighted filing

2023

Assets$6,937

Liabilities$378,520

Net Assets-$371,583

Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

Highlighted filing

2023

Revenue$89,231

Expenses$96,892

Net Income-$7,661

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: Nov 14, 2024
Return Version: 2023v5.0
Gross Receipts: $89,231

Mission and Program Overview

Mission

The World Hug Foundation, founded on the principle that every person deserves to be protected and treated equally, aims to promote awareness and be an advocate for not only adoptees, but the adoption issue at large.

The world hug foundaton, founded on the principle that every person deserves to be protected and treated equally, aims to promote awareness and be an advocate for not only adoptees, but the adoption issue at large.

Program Services

Description	Grants	Expenses
AS A NON-PROFIT ORGANIZATION, WE VISITED ADOPTIVE FAMILIES, DELIVERED DONATIONS, AND COVERED THE EXPENSES FOR THE ADOPTIVE'S WEDDING. WE ALSO PROVIDED FINANCIAL SUPPORT FOR INDIVIDUALS WHO PASSED AWAY IN ADOPTIVE FAMILIES.	-	-

Compensation and Service Providers

Top Officer Pay86th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JOANNA KIL	President	PT	$0	-	-
JAEKYU D KANG	Treasurer	PT	$0	-	-
JOHN SHIN	Executive Di	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: World Hug Foundation Inc
EIN: 81-5199143
Phone: 6462542992
Address: 441 E 155TH STREET, BRONX, NY 10455

Signing Officer

Name: Joanna Kil
Title: President
Phone: 6462542992
Signed: 2024-11-14

Preparer

Firm: David Shin CPA Pc
Address: 21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer: David Shin
Phone: 7183520884

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 3,700 interest expense 12,536 adoptees family help 15,400 bank charge 70 charity & relief 6,150 consulting fee 18,500 food distribution 2,000 missionary support 19,251 travel and meeting 14,435 website 1,700 total 93,742”

Form 990-ez, Part II, Line 26

“Unsecured notes and loans payable 85,020 85,020 sba loan 293,500 293,500”

Form 990-ez, Part III

“The world hug foundaton, founded on the principle that every person deserves to be protected and treated equally, aims to promote awareness and be an advocate for not only adoptees, but the adoption issue at large.”

Form 990-ez, Part III, Line 28

“As a non-profit organization, we visited adoptive families, delivered donations, and covered the expenses for the adoptive's wedding. We also provided financial support for individuals who passed away in adoptive families.”

Raw XML Appendix130 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/PhoneNum	0	7183520884
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	218-14 NORTHERN BLVD SUITE 108
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	BAYSIDE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	11361
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	14598
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	6937
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IRS990EZ/ExcessOrDeficitForYearAmt	0	-7661
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	850
IRS990EZ/FiledScheduleAInd	0	true
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IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
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IRS990EZ/GrossReceiptsAmt	0	89231
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-363922
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-363922
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-371583
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	10.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	JAEKYU D KANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	JOHN SHIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	EXECUTIVE DI
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	93742
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	THE WORLD HUG FOUNDATON, FOUNDED ON THE PRINCIPLE THAT EVERY PERSON DESERVES TO BE PROTECTED AND TREATED EQUALLY, AIMS TO PROMOTE AWARENESS AND BE AN ADVOCATE FOR NOT ONLY ADOPTEES, BUT THE ADOPTION ISSUE AT LARGE.
IRS990EZ/PrintingPublicationsPostageAmt	0	2300
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	AS A NON-PROFIT ORGANIZATION, WE VISITED ADOPTIVE FAMILIES, DELIVERED DONATIONS, AND COVERED THE EXPENSES FOR THE ADOPTIVE'S WEDDING. WE ALSO PROVIDED FINANCIAL SUPPORT FOR INDIVIDUALS WHO PASSED AWAY IN ADOPTIVE FAMILIES.
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
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IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	378520
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	378520
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	96892
IRS990EZ/TotalRevenueAmt	0	89231
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	89231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	5375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	26680
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	37938
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	97482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	256706
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	256706
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	89231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	5375
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	26680
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	37938
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	97482
IRS990ScheduleA/Total509Grp/TotalAmt	0	256706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	89231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	5375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	26680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	37938
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	97482
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	256706
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES ADVERTISING 3,700 INTEREST EXPENSE 12,536 ADOPTEES FAMILY HELP 15,400 BANK CHARGE 70 CHARITY & RELIEF 6,150 CONSULTING FEE 18,500 FOOD DISTRIBUTION 2,000 MISSIONARY SUPPORT 19,251 TRAVEL AND MEETING 14,435 WEBSITE 1,700 TOTAL 93,742
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	UNSECURED NOTES AND LOANS PAYABLE 85,020 85,020 SBA LOAN 293,500 293,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	THE WORLD HUG FOUNDATON, FOUNDED ON THE PRINCIPLE THAT EVERY PERSON DESERVES TO BE PROTECTED AND TREATED EQUALLY, AIMS TO PROMOTE AWARENESS AND BE AN ADVOCATE FOR NOT ONLY ADOPTEES, BUT THE ADOPTION ISSUE AT LARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	AS A NON-PROFIT ORGANIZATION, WE VISITED ADOPTIVE FAMILIES, DELIVERED DONATIONS, AND COVERED THE EXPENSES FOR THE ADOPTIVE'S WEDDING. WE ALSO PROVIDED FINANCIAL SUPPORT FOR INDIVIDUALS WHO PASSED AWAY IN ADOPTIVE FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOANNA KIL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
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ReturnHeader/Filer/EIN	0	815199143
ReturnHeader/Filer/PhoneNum	0	6462542992
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	441 E 155TH STREET
ReturnHeader/Filer/USAddress/CityNm	0	BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NY
ReturnHeader/Filer/USAddress/ZIPCd	0	10455
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	113323329
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	DAVID SHIN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	21814 NORTHERN BLVD STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	BAYSIDE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	113613580
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7183520884
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	DAVID SHIN
ReturnHeader/ReturnTs	0	2024-11-14T23:17:00-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2023-01-01
ReturnHeader/TaxPeriodEndDt	0	2023-12-31
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,937
Liabilities: $378,520
Net assets: -$371,583
Revenue: $89,231
Expenses: $96,892
Net income: -$7,661

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$4.83	$2.93	$1.90	$2.00	$1.15	$0.85
2023Detailed filing. Detailed filing data is available for this year.	$0.07	$3.79	$3.72	$0.89	$0.97	$0.08
2022Detailed filing. Detailed filing data is available for this year.	$0.15	$3.79	$3.64	$0.05	$0.93	$0.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.01	$3.77	$2.76	$0.27	$1.95	$1.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.23	$1.30	$1.07	$0.38	$0.70	$0.32
2019Detailed filing. Detailed filing data is available for this year.	$0.23	$0.99	$0.76	$0.97	$1.43	$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.27	$0.57	$0.30	$1.01	$1.31	$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.00		$0.00	$0.56	$0.55	$0.00