Hugs Charities Inc in Ocala, Florida (FL)

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Hugs Charities Inc
Employer Identification Number (EIN)208493070
Name of OrganizationHugs Charities Inc
AddressPO BOX 3992, Ocala, FL 34478-3992
SubsectionCharitable Organization
Ruling Date01/2008
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$80,232
Amount of Income$37,945
Form 990 Revenue Amount$26,714
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $37,945 (it was $26,839 in 2012)
Hugs Charities Inc: 

 $37,945
Other organizations performing similar types of work: 

 $64,124

Assets in 2013: $80,232 (it was $74,687 in 2012)
This organization: 

 $80,232
Other organizations performing similar types of work: 

 $30,784

Expenses in 2013: $20,991
Hugs Charities Inc: 

 $20,991
Other organizations performing similar types of work: 

 $51,501

Income to expenses ratio in 2013: 1.8
Hugs Charities Inc: 

 1.8
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 19.2%
Hugs Charities Inc: 

 19.2%
Other organizations performing similar types of work: 

 92.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$11,883$18,136$26,714
Contributions, gifts, grants, and similar amounts received$8,641$8,990$5,136
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$139$71$46
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$10,360$21,532
Gross income from gaming$0$0$0
Gross income from fundraising events$0$16,220$32,763
Less: direct expenses from gaming and fundraising events$0$5,860$11,231
Gross profit/loss from sales of inventory$3,103$-1,285$0
Other revenue$0$0$0
Total expenses$12,853$22,474$20,991
Total net assets$78,847$74,509$80,232
Excess/Deficit for the year$-970$-4,338$5,723
Net assets or fund balances at beginning of year$79,817$78,847$74,509
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$74,509$80,232
Balance Sheets
201120122013
Total assets$78,932$74,687$80,232
Total liabilities$85$178$0
Net assets or fund balances$78,847$74,509$80,232
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$36,370
Subtotal Support$36,370
Gifts, grants, contributions, and membership fees received$36,370
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$37,636
Public Support$36,370
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,266
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$88,559
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1When Everyone Survives Foundation Inc1685 Sugarloaf Club Dr, Duluth, GA 30097-7460GA2006-01$573,495
2Alliance Of Pennsylvania Councils Inc3461 Market Street, Camp Hill, PA 17011-4412PA2010-07$5,833,517
3Angling Against Cancer Inc1671 Marina Lake Dr, Kissimmee, FL 34744-6463FL2008-10$122,664
4Krewe Du Yayas Keeping Abreast Foundation Inc217 Intendencia St, Pensacola, FL 32502FL2010-07$75,912
5Pink Ribbon Symposium IncPo Box 75, Orange Park, FL 32067FL2009-06$57,071
6Hugs Charities IncPO BOX 3992, Ocala, FL 34478-3992FL2008-01$37,945
7Rob's Rescue Foundation Inc7513 Weeping Willow Blvd, Sarasota, FL 34241FL2005-12$36,770
8Indy Morgado Cancer Foundation17831 Sw 70th Pl, Sw Ranches, FL 33331-1827FL2012-06$10,248
9Rockin For The Cure Inc9999 Sw 89th Ct, Miami, FL 33176-2910FL2012-05$4,675
104 Words Foundation19300 Potomac Circle, North Fort Myers, FL 33917FL2013-12$0
11A Hope For Life Inc12532 Sw 221 St, Miami, FL 33170FL2010-08$0
12First Coast Offshore Rodeo Inc3281 Highland Mill Lane, Orange Park, FL 32065FL2007-12$0
13Fore Her54 W Shipwreck Rd, Santa Rosa Beach, FL 32459FL2013-11$0
14Gift Of Tomorrow Foundation Inc1540 The Greens Way, Jacksonville, FL 32250-2448FL2002-11$0
15Go Bald For Cancer1002 S Harbor Island Blvd 1112, Tampa, FL 33602FL2014-03$0
16May The Blessings Be Cancer Foundation1319 Johns Cove Ln, Winter Garden, FL 34787-8925FL2001-01$0
17Princess Khrystle And Prince Michael Foundation Inc2748 Sw 177th Ave, Miramar, FL 33029-5142FL2002-07$0
18Sharon Strauss Parker Lymphoma Research Foundation Inc18168 Daybreak Drive, Boca Raton, FL 33496FL2005-02$0
19Tonyas Hope Cancer Foundation Corp122 Delaware St, Carrabelle, FL 32322FL2012-12$0
20United Cancer Foundation Inc1200 North Federal Hyway Suite 200, Boca Raton, FL 33432FL2009-01$0
Number of organizations performing similar types of work
Alabama1
Arizona6
California35
Colorado7
Connecticut9
District of Columbia2
Delaware3
Florida18
Georgia15
Iowa2
Idaho3
Illinois17
Indiana2
Kansas5
Kentucky3
Louisiana2
Massachusetts15
Maryland5
Maine1
Michigan6
Minnesota6
Missouri9
Mississippi1
Montana1
North Carolina6
North Dakota1
New Hampshire1
New Jersey15
New Mexico1
Nevada3
New York25
Ohio7
Oklahoma2
Oregon7
Pennsylvania15
Rhode Island1
South Carolina2
South Dakota1
Tennessee2
Texas26
Utah1
Virginia8
Vermont2
Washington3
Wisconsin10
West Virginia1
International2
Total316

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