James E Hughes Scholarship Fund
- Assets
- $669.7k
- Revenue
- $14.8k
- Investments
- $603.9k
- Employees
- 0
- Location
- Greenfield, IN
- Founding
- 03/1961
- Data as of
- 05/2022
- EIN
- 35-6009013
Organization Overview
James E Hughes Scholarship Fund is located in Greenfield, IN. The organization was established in 1961. 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. James E Hughes Scholarship Fund 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 05/2022, James E Hughes Scholarship Fund generated $14.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $43.0k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James E Hughes Scholarship Fund has awarded 63 individual grants totaling $174,409. 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 |
|---|---|---|---|
Greenfield Banking Company Trustee | 2 | $3,835 | |
Jp Morgan Chase Bank Na Trustee | 2 | $1,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,658 |
| Capital Gain Net Income | $3,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,253 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,002 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,755 |
| Contributions, gifts, grants paid | $28,211 |
| Total expenses and disbursements | $42,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,808 |
| 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 | $669,696 |
| 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, James E Hughes Scholarship Fund has awarded $28,211 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IUPUI PURPOSE: SCHOLARSHIPS PAID TO VARIOUS STUDENTS | $17,406 |
Indianapolis, IN PURPOSE: SCHOLARSHIPS PAID TO VARIOUS STUDENTS | $5,802 |
IVY TECH COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS PAID TO VARIOUS STUDENTS | $2,901 |
Indianapolis, IN PURPOSE: SCHOLARSHIPS PAID TO VARIOUS STUDENTS | $2,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |