Civic Intelligence

Hug Fund

990EZ • Fiscal year 2021 • EIN 82-1082014

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profile
225 Varrick Street Suite 301New York, NY 10014

(646) 747-7200

Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE P12 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE P12 • <$500k nonprofits • Source year 2021

Net Margin

11th percentile

-75%

Higher net margin than 11% of similar nonprofits.

2021 filings • NTEE P12 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$0

Higher top officer pay than 96% of similar nonprofits.

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

2021 filings • NTEE P12 • <$500k nonprofits • Source year 2021

Asset Growth

14th percentile

-39%

Faster asset growth than 14% of similar nonprofits.

2021 filings • NTEE P12 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

19%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • NTEE P12 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$62,641

Down $40,617 (-39%) from 2020

Net Assets

$62,641

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin11th percentile

Revenue

Up

$53,886

Up $8,717 (+19%) from 2020

Expenses

Up

$94,503

Up $43,684 (+86%) from 2020

Net Income

Down

-$40,617

Down $34,967 (-619%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$150K$100K$50K$0Assets 2017: $56,795Liabilities 2017: $02017Assets 2018: $92,764Liabilities 2018: $02018Assets 2019: $108,908Liabilities 2019: $02019Assets 2020: $103,258Liabilities 2020: $02020Assets 2021: $62,641Liabilities 2021: $0Net Assets 2021: $62,6412021Assets 2022: $61,336Liabilities 2022: $0Net Assets 2022: $61,3362022Assets 2023: $102,737Liabilities 2023: $0Net Assets 2023: $102,7372023Assets 2024: $127,080Liabilities 2024: $0Net Assets 2024: $127,0802024

Highlighted filing

2021

Assets$62,641
Liabilities$0
Net Assets$62,641
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$150K$100K$50K$0-$50KRevenue 2017: $56,795Expenses 2017: $0Net Income 2017: $56,7952017Revenue 2018: $39,241Expenses 2018: $3,272Net Income 2018: $35,9692018Revenue 2019: $26,068Expenses 2019: $9,924Net Income 2019: $16,1442019Revenue 2020: $45,169Expenses 2020: $50,819Net Income 2020: -$5,6502020Revenue 2021: $53,886Expenses 2021: $94,503Net Income 2021: -$40,6172021Revenue 2022: $103,561Expenses 2022: $104,866Net Income 2022: -$1,3052022Revenue 2023: $137,688Expenses 2023: $96,287Net Income 2023: $41,4012023Revenue 2024: $119,379Expenses 2024: $95,036Net Income 2024: $24,3432024

Highlighted filing

2021

Revenue$53,886
Expenses$94,503
Net Income-$40,617
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$57,798
Mission and Program Overview

Mission

CHARITABLE ASSISTANCE

Program Services

DescriptionGrantsExpenses
CASHDISTRIBUTIONS AWARDED TO SHAKE SHACK EMPLOYEES IN NEED$82,676$0
GIFT CARDS WERE AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.$1,600$0
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANE NEVILLEPresident-$0--
WILLIAM WELSHTreasurer-$0--
RONALD PALMESE JRSecretary-$0--
ZACHARY KOFFDirector-$0--
JAY LIVINGSTONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hug Fund
EIN
82-1082014
Phone
6467477200
Address
225 VARRICK STREET SUITE 301, NEW YORK, NY 10014

Signing Officer

Name
William Welsh
Title
Treasurer
Phone
6467477200
Signed
2022-11-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Grants to individuals under $5,000 - $73,676.00”

Form 990-EZ, Part I, Line 10 Cont.

“Grant to sanai garris - $9,000”

Form 990-EZ, Part I, Line 13

“Professional fees paid to tax advisors - $7,700”

Form 990-EZ, Part I, Line 16

“OTHER EXPENSES”

Form 990-EZ, Part II, Line 24

“Ending balance - gift cards”

Raw XML Appendix173 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0RONALD PALMESE JR
IRS990EZ/BooksInCareOfDetail/PhoneNum06467477200
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0225 VARICK ST SUITE 301
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt093258
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt054241
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt057798
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-40617
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07700
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0103258
IRS990EZ/Form990TotalAssetsGrp/EOYAmt062641
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt084276
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt057798
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0103258
IRS990EZ/NetAssetsOrFundBalancesEOYAmt062641
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0103258
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt062641
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.1
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.1
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.1
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.1
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DIANE NEVILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WILLIAM WELSH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RONALD PALMESE JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ZACHARY KOFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JAY LIVINGSTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt010000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08400
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02527
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0CHARITABLE ASSISTANCE
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GIFT CARDS WERE AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1CASHDISTRIBUTIONS AWARDED TO SHAKE SHACK EMPLOYEES IN NEED
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01600
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt182676
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt03912
IRS990EZ/SpecialEventsNetIncomeLossAmt0-3912
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DE
IRS990EZ/StatesWhereCopyOfReturnIsFldCd1KY
IRS990EZ/StatesWhereCopyOfReturnIsFldCd2NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt094503
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt053886
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt057798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt026068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056795
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0225071
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0159806
IRS990ScheduleA/SubstantialContributorsTotAmt065265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt057798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt026068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt039241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt056795
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0225071
IRS990ScheduleA/TotalSupportAmt0225071
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS TO INDIVIDUALS UNDER $5,000 - $73,676.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANT TO SANAI GARRIS - $9,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES PAID TO TAX ADVISORS - $7,700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENDING BALANCE - GIFT CARDS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10 Cont.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM WELSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06467477200
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUG FUND
ReturnHeader/Filer/BusinessNameControlTxt0HUGF
ReturnHeader/Filer/EIN0821082014
ReturnHeader/Filer/PhoneNum06467477200
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 VARRICK STREET SUITE 301
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010014
ReturnHeader/ReturnTs02022-11-15T21:07:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,641
Liabilities
$0
Net assets
$62,641
Revenue
$53,886
Expenses
$94,503
Net income
-$40,617
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$1.19$0.95$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$1.38$0.96$0.41
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$1.04$1.05$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.54$0.95$0.41
2020Summary only. Only limited summary data is available for this year.$1.03$0.00$0.45$0.51$0.06
2019Summary only. Only limited summary data is available for this year.$1.09$0.00$0.26$0.10$0.16
2018Summary only. Only limited summary data is available for this year.$0.93$0.00$0.39$0.03$0.36
2017Summary only. Only limited summary data is available for this year.$0.57$0.00$0.57$0.00$0.57