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Nonprofit · EIN 58-2673458

HUGS FOUNDATION INC

Tax-exempt · ROCHESTER, NY 14607

Financials

$639K$342K2023$816K$424K2024
Revenue Expenses · by fiscal year end
Financials of HUGS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$815,519$424,030$391,489$3,192,688$0$3,192,688
December 31, 2023990$638,662$341,970$296,692$2,663,737$0$2,663,737
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$381,897
Program service revenue
$0
Investment income
$107,807
Net gain from sales of assets
$25,318
Net income from fundraising events
$325,815
Other revenue
$325,815

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$77,000
Other salaries and wages
$22,446
Salaries, compensation and benefits (total)
$108,312
Professional fundraising fees
$0
Accounting fees
$3,538
Travel
$209,392
Depreciation
$3,232
Program services (functional)
$266,053
Management and general (functional)
$149,963
Fundraising (functional)
$8,014

Balance sheet and other

Total assets, start of year
$2,663,737
Total assets, end of year
$3,192,688
Total liabilities, end of year
$0
Net assets, end of year
$3,192,688
Land, buildings and equipment
$6,826
Net assets without donor restrictions
$3,061,757
Net assets with donor restrictions
$130,931
Gross receipts
$1,281,871
Employees
5
Year formed
2003
State of legal domicile
NY

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KIM PALUMBOExecutive Dir.
Trustee or director, Officer
40$77,000
VITO QUATELA MDPresident & CEO
Trustee or director, Officer
0$0
DAVID DIPROSADirector
Trustee or director
0$0
MATTHEW MORENODirector
Trustee or director
0$0
DAVID LIEBERMANDirector
Trustee or director
0$0
AL CAMPAGNADirector
Trustee or director
0$0
DOUG EMBLIDGEDirector
Trustee or director
0$0
BONNIE PORTERDirector
Trustee or director
0$0
CATHY KAMEN RYANDirector
Trustee or director
0$0
ELLEN LYNCHDirector
Trustee or director
0$0
GREGORY CUVELIERDirector
Trustee or director
0$0
MARILYNN GARBARINODirector
Trustee or director
0$0
STEVEN PHILLIPSDirector
Trustee or director
0$0
PAT SOCKERDirector
Trustee or director
0$0
MICHAEL MISCHDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
KIM PALUMBOExecutive Dir.
Trustee or director, Officer
40$77,000
VITO QUATELA MDPresident & CEO
Trustee or director, Officer
0$0
DAVID DIPROSADirector
Trustee or director
0$0
MATTHEW MORENODirector
Trustee or director
0$0
DAVID LIEBERMANDirector
Trustee or director
0$0
AL CAMPAGNADirector
Trustee or director
0$0
DOUG EMBLIDGEDirector
Trustee or director
0$0
BONNIE PORTERDirector
Trustee or director
0$0
CATHY KAMEN RYANDirector
Trustee or director
0$0
ELLEN LYNCHDirector
Trustee or director
0$0
GREGORY CUVELIERDirector
Trustee or director
0$0
MARILYNN GARBARINODirector
Trustee or director
0$0
STEVEN PHILLIPSDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
873 EAST AVENUE, ROCHESTER, NY 14607-0000
In care of
% VITO C QUATELA MD
Signed the 990
VITO QUATELA MD, President & CEO
Phone
(585) 244-1000
Return prepared by
BONN DIOGUARDI & RAY LLP

Mission

TO PROVIDE FUNDING FOR TEAMS OF VOLUNTEER MEDICAL PROFESSIONALS WHICH PERFORM FREE SURGERIES TO CHILDREN AND ADOLESCENTS SUFFERING FROM DEFORMITIES OR CONDITIONS THAT CAN BE REMEDIED THROUGH PLASTIC SURGERY.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE FUNDING FOR TEAMS OF VOLUNTEER MEDICAL PROFESSIONALS WHICH PERFORM FREE SURGERIES TO CHILDREN AND ADOLESCENTS SUFFERING FROM DEFORMITIES OR CONDITIONS THAT CAN BE REMEDIED THROUGH PLACTIC SURGERY.
    Expenses $266,053

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-2673458
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,192,688
Income (IRS master file)
$1,281,871

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$815,519$424,030$3,192,688IRS
990December 2023$638,662$341,970$2,663,737XML
990December 2022$552,364$315,704$2,192,110IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 58-2673458).

Questions about HUGS FOUNDATION INC

What is the EIN of HUGS FOUNDATION INC?
The employer identification number (EIN) of HUGS FOUNDATION INC is 58-2673458.
Is HUGS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to HUGS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HUGS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HUGS 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 HUGS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of HUGS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $77,000 (KIM PALUMBO, Executive Dir.).
How much revenue does HUGS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $815,519, expenses of $424,030 and total assets of $3,192,688 at year end.

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