Hug IT Forward INC FY2021 filing

Tax-deductible

Littleton, CO501(c)(3)Community DevelopmentEIN 27-0909586

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Hug It Forward (HIF) is a multicultural organization operating at the grassroots level in Latin America, with an emphasis in Guatemala. In fiscal year 2021, HIF completed 3 schools and an additional 1 school was in the process of completion. As of December 2021, HIF has completed 134 schools.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $22K a year · 16% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 29.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
+302% vs prior year
Spent
$133K
To programs
95%
Net assets
$324K
By yearFY2020–FY2024
Revenue
$244K
FY2021▲ +302%
Revenue by fiscal year
FY2020$61K
FY2021$244K
FY2022$99K
FY2023$208K
FY2024$87K
Expenses
$133K
FY2021▲ +14%
Expenses by fiscal year
FY2020$117K
FY2021$133K
FY2022$187K
FY2023$173K
FY2024$197K
Net assets
$324K
FY2021▲ +52%
Net assets by fiscal year
FY2020$213K
FY2021$324K
FY2022$235K
FY2023$270K
FY2024$160K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $127K Management & general 5% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman of the Board
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Hug IT Forward INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds schools in Latin America, empowering communities through education.

Provided by the organization

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2 program services account for $127K of program spending, described in the organization's own filed words · FY2021.
01

BOTTLE SCHOOL CONSTRUCTION. In 2021, Hug It Forward facilitated the construction of 4 schools in Guatemala; 3 schools completed and 1 school in process. Due to the method of construction, these schools are known as "bottle schools".

$126Kprogram expense
02

ENVIRONMENTAL EDUCATION PROGRAM. In conjunction with bottle school projects, Hug It Forward facilitates an environmental education program for youth, working with all the communities that participate in a bottle school project. The program directly impacted 669 students in 2 communities in 2021.

$527program expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$244K
Money outPt IX
$133K
Ln 25
Programscol B$127K
Managementcol C$7K
Owns and owesPt X
$324K
net assets · Ln 32
Cash and savingsLn 1–2$324K
Total assetsLn 16$324K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$244K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$324K
Cash and savings togetherLn 1–2$324K
Total assetsLn 16$324K
LiabilitiesLn 26$0
Net assetsLn 32$324K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$212K$324K
Total assetsLn 16$213K$324K
LiabilitiesLn 26$0$0
Net assetsLn 32$213K$324K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$76K$76K
Legal feesLn 11b$100$100
Accounting feesLn 11c$2K$2K
Office expensesLn 13$182$182
Information technologyLn 14$95$95
TravelLn 17$193$193
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$50K$50K$0$0
Total functional expensesLn 25$133K$127K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $87K$197K−$110K$160K 990 PDF
FY2023 $208K$173K$34K$270K 990 PDF
FY2022 $99K$187K−$88K$235K 990 PDF
FY2021 Viewing $244K$133K$110K$324K 990 PDF
FY2020 $61K$117K−$57K$213K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $243,594 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$243,594
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$243,594
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$243,594
Part IX · Statement of functional expenses $133,237 across 8 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $76,281$76,281
IX-11b Legal feesManagement $100$100
IX-11c Accounting feesManagement $1,589$1,589
IX-13 Office expensesManagement $182$182
IX-14 Information technologyManagement $95$95
IX-17 TravelManagement $193$193
IX-23 InsuranceManagement $4,462$4,462
IX-24 Other expenses (24a–d)Programs $50,335 · Management $0 · Fundraising $0$50,335
IX-25 Total functional expensesPrograms $126,616 · Management $6,621 · Fundraising $0$133,237
Part X · Balance sheet $323,632 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $212,022$323,533
X-9 Prepaid expenses and deferred chargesStart of year $1,253$99
X-16 Total assetsStart of year $213,275$323,632
X-17 Accounts payable and accrued expensesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $20,938$16,424
X-28 Net assets with donor restrictionsStart of year $192,337$307,208
X-32 Total net assets or fund balancesStart of year $213,275$323,632
X-33 Total liabilities and net assetsStart of year $213,275$323,632
Part XI · Reconciliation of net assets $323,632 net assets at year end
XI-1 Total revenue$243,594
XI-2 Total expenses$133,237
XI-3 Revenue less expenses$110,357
XI-4 Net assets at start of year$213,275
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$323,632

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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