Ruth M Hughes Educational Trust
- Assets
- $5.4m
- Revenue
- $155.8k
- Investments
- $5.2m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 31-6442501
Organization Overview
Ruth M Hughes Educational Trust is located in Columbus, OH. The organization was established in 1995. 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. Ruth M Hughes Educational Trust 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 12/2022, Ruth M Hughes Educational Trust generated $155.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $435.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ruth M Hughes Educational Trust has awarded 352 individual grants totaling $1,989,097. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Walker Selection Committee | 1 | $0 | |
Wayne Phillips II Selection Committee | 1 | $0 | |
Thomas Seiber Selection Committee | 1 | $0 | |
Huntington National Bank Trustee | 1 | $69,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $125,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,788 |
| Capital Gain Net Income | $29,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,347 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $339 |
| Total operating and administrative expenses | $77,754 |
| Contributions, gifts, grants paid | $357,250 |
| Total expenses and disbursements | $435,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $205,998 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,435,877 |
| 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, Ruth M Hughes Educational Trust has awarded $357,250 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIPS | $12,000 |
BOWLING GREEN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $9,000 |
AMERICAN COLLEGE OF EDUCATION PURPOSE: SCHOLARSHIPS | $3,000 |
RUSSELL SAGE COLLEGE PURPOSE: SCHOLARSHIPS | $3,000 |
OHIO STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $32,000 |
ALLEGHENY COLLEGE PURPOSE: SCHOLARSHIPS | $3,000 |