Sarah M Hughes Foundation
- Assets
- $5.0m
- Revenue
- $438.2k
- Investments
- $4.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 35-2428957
Organization Overview
Sarah M Hughes Foundation is located in Seattle, WA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarah M 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 12/2022, Sarah M Hughes Foundation generated $438.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $780.3k during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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 2015, Sarah M Hughes Foundation has awarded 39 individual grants totaling $3,378,800. 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 |
|---|---|---|---|
Mr James W Hughes Manager | 0 | $0 | |
Ms Heather O Hughes Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $0 |
| Dividends & Interest | $331,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,143 |
| Capital Gain Net Income | $106,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $438,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,500 |
| Total operating and administrative expenses | $45,343 |
| Contributions, gifts, grants paid | $735,000 |
| Total expenses and disbursements | $780,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,239 |
| 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 | $20,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,998,153 |
| 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, Sarah M Hughes Foundation has awarded $735,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PEDIATRIC BRAIN TUMOR RESEARCH FUND PURPOSE: GENERAL OPERATIONS FUND | $25,000 |
SEATTLE UNIVERSITY PURPOSE: GENERAL OPERATIONS FUND | $500,000 |
THE FIRST NIGHT PROJECT PURPOSE: GENERAL OPERATIONS FUND | $10,000 |
SEATTLE CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATIONS FUND | $200,000 |