Grace Hughes Foundation
- Assets
- $250.0k
- Revenue
- $17.8k
- Investments
- $249.8k
- Employees
- 0
- Location
- Lime Springs, IA
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-1635744
Organization Overview
Grace Hughes Foundation is located in Lime Springs, IA. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Hughes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Grace Hughes Foundation generated $17.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $18.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND GIFTS TO CHARITABLE ORGANIZATIONS LISTED ON ATTACHED DETAIL SHEETS. GIFTS WERE ALL TO CHARITABLE ORGANIZATIONS, AND BENEFITED HUNDREDS OF HOWARD COUNTY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirstin Widell Board Memebe | 1 | $0 | |
Jill Johnson Board Member | 1 | $0 | |
Barbara Robinson Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,973 |
| Capital Gain Net Income | $6,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,090 |
| Total operating and administrative expenses | $4,021 |
| Contributions, gifts, grants paid | $14,200 |
| Total expenses and disbursements | $18,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,623 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $249,994 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Grace Hughes Foundation has awarded $14,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Lime Springs, IA PURPOSE: CHARITABLE | $5,000 |
LIME SPRINGS FIRE DEPARTMENT PURPOSE: CHARITABLE | $3,000 |
CHESTERLIME SPRINGS FISH & GAME CL PURPOSE: CHARITABLE | $2,000 |
LIME SPRINGS POOL & PARKS PURPOSE: CHARITABLE | $1,110 |
LIME SPRINGS ECUMENICAL VBS PURPOSE: CHARITABLE | $1,000 |
HOWARD COUNTY SHERIFF PURPOSE: CHARITABLE | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |
Peoria Charter School Initiative Co Peoria, IL | $5,778,002 | $7,687,144 |
Cns International Ministries Inc Bethel, MO | $18,863,964 | $6,038,250 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
Omaha Early Learning Centers Inc Omaha, NE | $0 | $8,526,168 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
American Academy Of Art Inc Chicago, IL | $17,980,705 | $6,234,752 |