Charles & Ethel Hughes Foundation Inc
- Assets
- $3.5m
- Revenue
- $498.7k
- Investments
- $3.3m
- Employees
- 0
- Location
- Lebanon, MO
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 43-1134135
Organization Overview
Charles & Ethel Hughes Foundation Inc is located in Lebanon, MO. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles & Ethel Hughes Foundation Inc 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, Charles & Ethel Hughes Foundation Inc generated $498.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $194.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Ethel Hughes Foundation Inc has awarded 47 individual grants totaling $908,819. 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
LEBANON R-III SCHOOL DISTRICT
AREA SCHOOLS
CONWAY SENIOR CENTER 239500 HUGHES SENIOR CENTER 264742
MISC CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Waterman Director | 2 | $0 | |
Carrie Plassmeyer Director | 2 | $0 | |
Johnny North President | 2 | $0 | |
Dan True Director | 2 | $0 | |
Karen Cook Treasurer | 8 | $0 | |
Michael Lawson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $428,896 |
| Capital Gain Net Income | $428,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38 |
| Total Revenue | $498,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,850 |
| Other employee salaries and wages | $40,130 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,070 |
| Depreciation | $17,828 |
| Occupancy | $41,194 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,952 |
| Total operating and administrative expenses | $152,928 |
| Contributions, gifts, grants paid | $41,295 |
| Total expenses and disbursements | $194,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,468 |
| 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 | $0 |
| Net Land, buildings, and equipment | $155,714 |
| Other assets | $0 |
| Total assets | $3,466,257 |
| Accounts payable and accrued expenses | $579 |
| 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 | $579 |
Grants Awarded
Over the last fiscal year, Charles & Ethel Hughes Foundation Inc has awarded $304,537 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HUGHES SENIOR CENTER PURPOSE: OPERATE SENIOR CENTER | $264,742 |
LEBANON R-III SCHOOL DISTRICT PURPOSE: SCHOLARSHIPS AND TEACHER AID | $24,800 |
FELLOWSHIP OF CHRISTIAN PURPOSE: YOUTH PROGRAMS | $5,000 |
LACLEDE COUNTY R 1 SCHOOL PURPOSE: SCHOLARSHIPS AND TEACHER AID | $3,600 |
JOEL E BARBER SCHOOL PURPOSE: TEACHER AID | $2,900 |
CONWAY SENIOR CENTER PURPOSE: OPERATE SENIOR CENTER | $2,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |