Nonprofit · EIN 03-0374762
HUGIN FAMILY FOUNDATION INC
Tax-exempt · SUMMIT, NJ 07901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,154,253 | $808,767 | $2,345,486 | $20,007,401 | $28,934 | $19,978,467 |
| December 31, 2023 | 990-PF | $1,607,097 | $3,653,918 | -$2,046,821 | $17,371,200 | $0 | $17,371,200 |
| December 31, 2022 | 990-PF | $574,968 | $2,182,712 | -$1,607,744 | $18,414,656 | $0 | $18,414,656 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $447,391
- Interest
- $66
- Net gain from sales of assets
- $2,706,796
Expenses
- Grants and similar amounts paid
- $698,877
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $75,000
- Disbursements for charitable purposes
- $795,942
- Excise tax on investment income
- $43,675
Balance sheet and other
- Total assets, start of year
- $17,371,200
- Total assets, end of year
- $20,007,401
- Total liabilities, end of year
- $28,934
- Net assets, end of year
- $19,978,467
- Fair market value of assets
- $18,520,240
- Qualifying distributions
- $795,942
- Net investment income
- $3,154,253
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON MELVIN 240 STONEHOUSE RD, BASKING RIDGE, NJ 07920 | ADMINSISTRATOR Highest-paid employee | 30 | $75,000 |
| ROBERT J HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | President | 0 | $0 |
| KATHLEEN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | Vice President | 0 | $0 |
| HILARY HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | Treasurer | 0 | $0 |
| ROBERT B HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | Trustee | 0 | $0 |
| JOHN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT J HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | PRESIDENT | 0 | $0 |
| KATHLEEN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | VICE PRESIDENT | 0 | $0 |
| HILARY HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TREASURER | 0 | $0 |
| ROBERT B HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TRUSTEES | 0 | $0 |
| JOHN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT J HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | PRESIDENT | 0 | $0 |
| KATHLEEN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | VICE PRESIDENT | 0 | $0 |
| HILARY HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TREASURER | 0 | $0 |
| ROBERT B HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TRUSTEES | 0 | $0 |
| JOHN HUGIN 19 ESSEX RD, SUMMIT, NJ 07901 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 19 ESSEX RD, SUMMIT, NJ 07901-2801
- In care of
- % ROBERT J HUGIN
- Signed the 990-PF
- ROBERT J HUGIN, PRESIDENT
- Phone
- (908) 273-8610
- Return prepared by
- WithumSmithBrown PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 03-0374762
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $20,007,401
- Income (IRS master file)
- $6,474,520
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,154,253 | $808,767 | $20,007,401 | XML |
| 990-PF | December 2023 | $1,607,097 | $3,653,918 | $17,371,200 | XML |
| 990-PF | December 2022 | $574,968 | $2,182,712 | $18,414,656 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0374762).
Questions about HUGIN FAMILY FOUNDATION INC
- What is the EIN of HUGIN FAMILY FOUNDATION INC?
- The employer identification number (EIN) of HUGIN FAMILY FOUNDATION INC is 03-0374762.
- Is HUGIN FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to HUGIN FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HUGIN FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HUGIN FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HUGIN FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of HUGIN FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $75,000 (SHARON MELVIN, ADMINSISTRATOR).
- How much revenue does HUGIN FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,154,253, expenses of $808,767 and total assets of $20,007,401 at year end.
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