Hugs Foundation
Nonprofit profile at a glance
- EIN
- 912028051
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010, Form 990-N 2009
- Location
- Raymond, WA, USA
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $3,943
- Expenses
- $4,907
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote health, education and social enrichment activities for the children of the greater Willapa Bay area of Pacific County, Washington. The foundation will provide financial assistance to help in the development and ongoing health and educational needs of the children living within the area. The financial assistance will lessen the burdens of local government services. Pacific County and the Cities located within the Willapa Bay area are small communities without the depth of resources necessary to carry out the financial assistance needed.
What it reported doing in 2010
Assisted in the construciton of a playground in Raymond, Washington. The playground equipment was donated to the city of Raymond. Provided assistance to the P.O.O.L. Foundation. The financial assistance allowed the foundation to meet operating expenses and provide swimming lessons for low income families. Provided assistance to other local nonprofit organizations
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 9
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -24.4%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 19/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.