Civic Intelligence

Hug Fund

990EZ • Fiscal year 2023 • EIN 82-1082014

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

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

72nd percentile

0.00x

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

2023 filings • NTEE P12 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.00x

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

2023 filings • NTEE P12 • <$500k nonprofits • Source year 2023

Net Margin

66th percentile

30%

Higher net margin than 66% of similar nonprofits.

2023 filings • NTEE P12 • <$500k nonprofits • Source year 2023

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.

2023 filings • NTEE P12 • <$500k nonprofits • Source year 2023

Asset Growth

77th percentile

67%

Faster asset growth than 77% of similar nonprofits.

2023 filings • NTEE P12 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

33%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • NTEE P12 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$102,737

Up $41,401 (+67%) from 2022

Net Assets

Up

$102,737

Up $41,401 (+67%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin66th percentile

Revenue

Up

$137,688

Up $34,127 (+33%) from 2022

Expenses

Down

$96,287

Down $8,579 (-8.2%) from 2022

Net Income

Up

$41,401

Up $42,706 (+3272%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2023

Assets$102,737
Liabilities$0
Net Assets$102,737
Open 2023 Filing

Operations Trend

Revenue Growth67th 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

2023

Revenue$137,688
Expenses$96,287
Net Income$41,401
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.1
Gross Receipts
$137,688
Mission and Program Overview

Mission

CHARITABLE ASSISTANCE

Program Services

DescriptionGrantsExpenses
CASH DISBURSEMENTS AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.$86,087$86,087
GIFT CARDS WERE AWARDED TO SHAKE SHACK EMPLOYEES IN NEED.$2,100$2,100
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANE NEVILLEPresident And Director-$0--
RONALD PALMESE JRSecretary And Director-$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
Ronald Palmese Jr
Title
Secretary
Phone
6467476646
Signed
2024-05-13
Discuss with paid preparer
Yes

Preparer

Firm
PwC US Tax LLP
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Anne Pancheri
Phone
2673303000
Supplemental Narrative

Additional Explanations

Part I, Ln 10

“Grants to individuals $5,000 and under - $86,087”

Part I, Line 16

“OTHER EXPENSES : NONE”

Part II, Line 24

“Beginning balance - gift cards - $7,700 ending balance - gift cards - $5,600”

Raw XML Appendix169 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/PhoneNum06467477241
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt053636
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt097137
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0130166
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt041401
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt08100
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/FundraisingGrossIncomeAmt07522
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt088187
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0137688
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt061336
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DIANE NEVILLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RONALD PALMESE JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ZACHARY KOFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JAY LIVINGSTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07700
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05600
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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/GrantsAndAllocationsAmt02100
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt186087
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02100
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt186087
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt07522
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/TotalExpensesAmt096287
IRS990EZ/TotalProgramServiceExpensesAmt088187
IRS990EZ/TotalRevenueAmt0137688
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0130166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0103561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt055315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt045169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0360279
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07522
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07522
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97955
IRS990ScheduleA/PublicSupportPY170Pct00.98287
IRS990ScheduleA/PublicSupportTotal170Amt0360279
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0130166
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt055315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt045169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026068
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0360279
IRS990ScheduleA/TotalSupportAmt0367801
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS TO INDIVIDUALS $5,000 AND UNDER - $86,087
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER EXPENSES : NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEGINNING BALANCE - GIFT CARDS - $7,700 ENDING BALANCE - GIFT CARDS - $5,600
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LN 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II, LINE 24
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD PALMESE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06467476646
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PwC US Tax LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02001 MARKET ST SUITE 1800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02673303000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNE PANCHERI
ReturnHeader/ReturnTs02024-11-12T12:26:27-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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
$102,737
Liabilities
$0
Net assets
$102,737
Revenue
$137,688
Expenses
$96,287
Net income
$41,401
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