Hugs Inc
Hugs Inc is a private foundation, based in NEW ORLEANS, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118K in total assets. In 2024, it awarded 18 grants totaling $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$118K
-0.8% YoY
Annual Giving
$58K
+203.5% YoY
Grant Count
18
+100.0% YoY
Avg Grant Size
$3K
+51.7% YoY
Under IRS private-foundation payout rules, Hugs Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Hugs Inc
Based on IRS filings
Hugs Inc is a private foundation, based in NEW ORLEANS, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118K in total assets. In 2024, it awarded 18 grants totaling $58K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $117,819 | $118,725 | $83,447 |
| Revenue | $57,249 | $58,647 | $39,775 |
| Expenses | $58,155 | $23,369 | $44,380 |
| Qualifying Distributions | $58,155 | $23,369 | $44,380 |
| Net Investment Income | — | — | — |
| Distributable Amount | $5,246 | $4,772 | $4,284 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Employees of Adams Reese Impacted B ($17,850), Starc of Louisiana Inc ($5,314), Other Charities 1000 Each ($5,111).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY MOBILE, AL | GENERAL PURPOSE OF THE CHARITY | $3,544 |
| ANGEL DASH MCDONOUGH, GA | GENERAL PURPOSE OF THE CHARITY | $1,000 |
| BOYS HOPEGIRLS HOPE NEW ORLEANS, LA | GENERAL PURPOSE OF THE CHARITY | $1,000 |
| CHILD ADVOCACY CENTER MOBILE, AL | GENERAL PURPOSE OF THE CHARITY | $1,909 |
| COMMUNITY FOUNDATION OF SARASOTA COUNTY'S SUNCOAST RECOVERY FUND SARASOTA, FL | RELIEF FOR VICTIMS OF HURRICANE HELENE | $2,500 |
| EMPLOYEES OF ADAMS REESE IMPACTED B SARASOTA, FL | QUALIFIED DISASTER PAYMENTS | $1,550 |
| EMPLOYEES OF ADAMS REESE IMPACTED B TAMPA, FL | QUALIFIED DISASTER PAYMENTS | $17,850 |
| FANNIE BATTLE DAY HOME FOR CHILDREN NASHVILLE, TN | GENERAL PURPOSE OF THE CHARITY | $1,609 |
| GLADEWAVES INC NEW ORLEANS, LA | GENERAL PURPOSE OF THE CHARITY | $1,000 |
| HABITAT FOR HUMANITY NEW ORLEANS, LA | GENERAL PURPOSE OF THE CHARITY | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK C SURPRENANT | PRESIDENT | — | — |
| LINDA SOILEAU | SECRETARY-TREASURER | — | — |
Frequently Asked Questions
How large is Hugs Inc?
As of 2024, Hugs Inc holds $118K in total assets with $57K in annual revenue. It awarded 18 grants totaling $58K in 2024.
Where does Hugs Inc operate?
Hugs Inc has awarded grants in Alabama, California, Connecticut, Florida, Georgia, Idaho, Louisiana, Missouri, Mississippi, North Carolina, New York, Oklahoma, Tennessee, Texas.
What size grants does Hugs Inc award?
In 2024, Hugs Inc awarded 18 grants totaling $58K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Hugs Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hugs Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hugs Inc's EIN?
Hugs Inc's EIN (Employer Identification Number) is 72-1128842. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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