Civic Intelligence

World Hug Foundation Inc.

990EZ • Fiscal year 2024 • EIN 81-5199143

Jan 01, 2024 to Dec 31, 2024 • Filed on May 15, 2025

441 E 155th StreetBronx, NY 10455

(646) 254-2992

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$864

Down $13,734 (-94%) from 2022

Net Assets

Down

-$416,320

Down $52,398 (-14%) from 2022

Liabilities

Up

$417,184

Up $38,664 (+10%) from 2022

Revenue And Expenses

Revenue

Up

$50,959

Up $45,584 (+848%) from 2022

Expenses

Up

$95,696

Up $2,448 (+2.6%) from 2022

Net Income

Up

-$44,737

Up $43,136 (+49%) from 2022

Historical Trend

Balance Sheet Trend

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

$500K$0-$500KAssets 2017: $309Net Assets 2017: $3092017Assets 2018: $27,286Liabilities 2018: $57,108Net Assets 2018: -$29,8222018Assets 2019: $23,357Liabilities 2019: $98,897Net Assets 2019: -$75,5402019Assets 2020: $22,786Liabilities 2020: $130,168Net Assets 2020: -$107,3822020Assets 2021: $100,696Liabilities 2021: $376,745Net Assets 2021: -$276,0492021Assets 2022: $14,598Liabilities 2022: $378,520Net Assets 2022: -$363,9222022Assets 2024: $483,265Liabilities 2024: $293,355Net Assets 2024: $189,9102024Assets 2024: $864Liabilities 2024: $417,184Net Assets 2024: -$416,3202024

Highlighted filing

2024

Assets$864
Liabilities$417,184
Net Assets-$416,320

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2017: $55,500Expenses 2017: $55,191Net Income 2017: $3092017Revenue 2018: $101,141Expenses 2018: $131,272Net Income 2018: -$30,1312018Revenue 2019: $97,482Expenses 2019: $143,200Net Income 2019: -$45,7182019Revenue 2020: $37,938Expenses 2020: $69,780Net Income 2020: -$31,8422020Revenue 2021: $26,680Expenses 2021: $195,347Net Income 2021: -$168,6672021Revenue 2022: $5,375Expenses 2022: $93,248Net Income 2022: -$87,8732022Revenue 2024: $199,959Expenses 2024: $115,296Net Income 2024: $84,6632024Revenue 2024: $50,959Expenses 2024: $95,696Net Income 2024: -$44,7372024

Highlighted filing

2024

Revenue$50,959
Expenses$95,696
Net Income-$44,737
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$50,959
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

DescriptionGrantsExpenses
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

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOANNA KILPresident-$0--
JAEKYU D KANGTreasurer-$0--
JOHN SHINExecutive Di-$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
2025-05-15

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 1,500 technology & it mgmt 1,652 supplies 689 due & subscription 1,137 consulting fee 11,000 charity & relief 5,800 bank fee 2,258 auto & transportation 4,187 total 28,223

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 85,020 0 sba loan 293,500 290,992 fed w/h tax payable 0 1,869 state w/h tax payable 0 494 loan from s/h 0 123,829

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 1,500 TECHNOLOGY & IT MGMT 1,652 SUPPLIES 689 DUE & SUBSCRIPTION 1,137 CONSULTING FEE 11,000 CHARITY & RELIEF 5,800 BANK FEE 2,258 AUTO & TRANSPORTATION 4,187 TOTAL 28,223
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3AS 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.
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Filings