Civic Intelligence

Hug Fund

990EZ • Fiscal year 2022 • EIN 82-1082014

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

(646) 747-7241

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

2022 filings • NTEE P12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.00x

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

2022 filings • NTEE P12 • <$500k nonprofits • Source year 2022

Net Margin

30th percentile

-1.3%

Higher net margin than 30% of similar nonprofits.

2022 filings • NTEE P12 • <$500k nonprofits • Source year 2022

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.

2022 filings • NTEE P12 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-2.1%

Faster asset growth than 41% of similar nonprofits.

2022 filings • NTEE P12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

92%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • NTEE P12 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$61,336

Down $1,305 (-2.1%) from 2021

Net Assets

Down

$61,336

Down $1,305 (-2.1%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin30th percentile

Revenue

Up

$103,561

Up $49,675 (+92%) from 2021

Expenses

Up

$104,866

Up $10,363 (+11%) from 2021

Net Income

Up

-$1,305

Up $39,312 (+97%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2022

Assets$61,336
Liabilities$0
Net Assets$61,336
Open 2022 Filing

Operations Trend

Revenue Growth81st 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

2022

Revenue$103,561
Expenses$104,866
Net Income-$1,305
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$103,561
Mission and Program Overview

Mission

CHARITABLE ASSISTANCE

Program Services

DescriptionGrantsExpenses
CASH DISBURSEMENTS AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.$101,163$101,163
GIFT CARDS WERE AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.$700$700
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
The Hug Fund
EIN
82-1082014
In Care Of
% RONALD PALMESE JR
Phone
6467477241
Address
225 VARICK STREET SUITE 301, NEW YORK, NY 10014

Signing Officer

Name
William Welsh
Title
Treasurer
Phone
6467476646
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
PwC US Tax LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Meredith Monroe
Phone
6464713000
Supplemental Narrative

Additional Explanations

Part I, Ln 10

“Grants to individuals $5,000 and under - $76,713 grant to joyce torres - $ 8,000 grant to hugo diaz - $ 6,000 grant to cheryl harry - $ 5,250 grant to trenise turner - $ 5,200”

Part I, Line 16

“OTHER EXPENSES :$3,003”

Part II, Line 24

“Beginning balance - gift cards - $8,400 ending balance - gift cards - $7,700”

Raw XML Appendix171 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0RONALD PALMESE JR
IRS990EZ/BooksInCareOfDetail/PhoneNum06467477241
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0225 VARICK STREET SUITE 301
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt054241
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt053636
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0103561
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1305
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt062641
IRS990EZ/Form990TotalAssetsGrp/EOYAmt061336
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0101863
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0103561
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt062641
IRS990EZ/NetAssetsOrFundBalancesEOYAmt061336
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt062641
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt061336
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.1
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.5
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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/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08400
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07700
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt03003
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CHARITABLE ASSISTANCE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GIFT CARDS WERE AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1CASH DISBURSEMENTS AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0700
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt1101163
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0700
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1101163
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DE
IRS990EZ/StatesWhereCopyOfReturnIsFldCd1KY
IRS990EZ/StatesWhereCopyOfReturnIsFldCd2NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0104866
IRS990EZ/TotalProgramServiceExpensesAmt0101863
IRS990EZ/TotalRevenueAmt0103561
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0103561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt055315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt045169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt026068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt039241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0269354
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98287
IRS990ScheduleA/PublicSupportPY170Pct00.70680
IRS990ScheduleA/PublicSupportTotal170Amt0264741
IRS990ScheduleA/SubstantialContributorsTotAmt04613
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0103561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt055315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt045169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt026068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt039241
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0269354
IRS990ScheduleA/TotalSupportAmt0269354
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS TO INDIVIDUALS $5,000 AND UNDER - $76,713 GRANT TO JOYCE TORRES - $ 8,000 GRANT TO HUGO DIAZ - $ 6,000 GRANT TO CHERYL HARRY - $ 5,250 GRANT TO TRENISE TURNER - $ 5,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER EXPENSES :$3,003
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEGINNING BALANCE - GIFT CARDS - $8,400 ENDING BALANCE - GIFT CARDS - $7,700
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LN 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II, LINE 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM WELSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06467476646
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE HUG FUND
ReturnHeader/Filer/BusinessNameControlTxt0HUGF
ReturnHeader/Filer/EIN0821082014
ReturnHeader/Filer/InCareOfNm0% RONALD PALMESE JR
ReturnHeader/Filer/PhoneNum06467477241
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 VARICK STREET SUITE 301
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PwC US Tax LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 Madison Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum06464713000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEREDITH MONROE
ReturnHeader/ReturnTs02023-11-15T15:36:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WELSH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,336
Liabilities
$0
Net assets
$61,336
Revenue
$103,561
Expenses
$104,866
Net income
-$1,305
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