W Marshall Hughes Jr Scholarship Foundation
- Assets
- $4.1m
- Revenue
- $600.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 23-6934996
Organization Overview
W Marshall Hughes Jr Scholarship Foundation is located in Orlando, FL. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. W Marshall Hughes Jr Scholarship 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, W Marshall Hughes Jr Scholarship Foundation generated $600.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $265.1k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W Marshall Hughes Jr Scholarship Foundation has awarded 42 individual grants totaling $350,960. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP NEW YORK FILM ACADEMY
SCHOLARSHIP TO RIDER UNIVERSITY
SCHOLARSHIP TO CATHOLIC UNIVERSITY OF AMERICA
SCHOLARSHIP TO SCAD
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $78,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $521,483 |
| Capital Gain Net Income | $521,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,150 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $70,017 |
| Contributions, gifts, grants paid | $195,060 |
| Total expenses and disbursements | $265,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $170,810 |
| 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 | $3,562,807 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,100,787 |
| 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, W Marshall Hughes Jr Scholarship Foundation has awarded $195,060 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MARK ALAN STONE PURPOSE: SCHOLARSHIP | $26,400 |
DAVID HELMER PURPOSE: SCHOLARSHIP | $20,450 |
MARGARET FOIGHT PURPOSE: SCHOLARSHIP | $19,750 |
MARY FETTERMAN PURPOSE: SCHOLARSHIP | $17,700 |
HARRY MAYRHOFER PURPOSE: SCHOLARSHIP | $17,400 |
EILEEN DEISEMANN PURPOSE: SCHOLARSHIP | $16,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |