Hug Fund EIN 20-2272848 Form 990 (PDF) Claim this org

Hug Fund FY2021 filing

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Offers grants to employees facing financial hardship from unexpected catastrophic events. For fiscal year 2021 it reported $233K in revenue, $300K in expenses, and $485K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Toledo, OH
Website
www.hugfund.org
Filings
6 on file (2020–2021)
Revenue
$233KFY2021
Expenses
$300K
Net assets
$485K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-2272848 Unknown exempt organization Toledo, OH
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Offers grants to employees facing financial hardship from unexpected catastrophic events.
Leadership
Leslie Chapman · Chair
Money in and out
$233K revenue, $300K expenses
Bottom line
-29% surplus margin
Reported financial activity · FY2021
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$300K
Pt IX · Ln 25
Net assets
$485K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Surplus margin
-29%
revenue over expenses, this year
Program spending
80%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$233K
FY2021▼ -59%
Expenses
$300K
FY2021▼ -74%
Total assets
$485K
FY2021▼ -56%
Total liabilities
$293
FY2021▼ -100%
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$300K
Pt IX · Ln 25
Net assets
$485K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$485K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHug Fund
EINHdr · item D20-2272848
Principal addressHdr · item CToledo, OH
WebsiteHdr · item Jwww.hugfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Philanthropy Officer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hug Fund executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2020.
01

Individual/Family Assistance

Financial assistance to eligible employees of HCR manorcare for unexpected catastrophic events including severe economic hardship due to illness, death, accident, crime, natural disaster, or other event beyond their control.

$241Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$139K · 60%
Investment income$94K · 40%
Contributions & grants60%$139K
Investment income40%$94K
Total revenueLn 12$233K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program services80%$241K
Management & general18%$54K
Fundraising2%$5K
Total functional expensesLn 25$300K

Balance Sheet

Part X · end of year
CashLn 1$411K
Total assetsLn 16$485K
Total liabilitiesLn 26$293
Total net assetsLn 32$485K
Months of cash on handcomputed16.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $411K · Operating expenses/yr $300K
16.5 months
Where the money goes
Program services
Program services $241K · Total expenses $300K
80%
Management & General
Management & general $54K · Total expenses $300K
18%
Fundraising
Fundraising $5K · Total expenses $300K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $27K · Solicited contributions (2-yr avg) $345K
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $139K · Total revenue $233K
60%
Government reliance
Government grants — · Total revenue $233K
Earned-income share
Program service revenue $0 · Total revenue $233K
0%
Investment reliance
Investment income $94K · Total revenue $233K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $300K
0%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year $563K
-59%
Net-asset trend (YoY)
End of year $485K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $300K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $485K
Net-asset ratio
Net assets $485K · Total assets $485K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $485K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leslie Chapman · Reported title CHAIR · Highest reported compensation $0 · Total expenses $300K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $300K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 18%
Fundraising cost ratio 4%
Revenue growth -59%
Investment management fee ratio 0.8%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $1.6M · 2019–2024
Columbus FoundationOH · FY2024$143,582
Unitemized GrantFY2021$331,707
Unitemized GrantFY2020$214,520
Unitemized GrantFY2019$869,381

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2K revenue · ⤓ 990 PDF
FY2024$6K revenue · ⤓ 990 PDF
FY2023$34K revenue · ⤓ 990 PDF
FY2022$211 revenue · ⤓ 990 PDF
FY2021$233K revenue · viewing · ⤓ 990 PDF
FY2020$563K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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