Charles & Ethel Hughes Foundation Inc
- Assets
- $3.2m
- Revenue
- $204.1k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lebanon, MO
- Founding
- 02/1979
- Data as of
- 12/2023
- 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 12/2023, Charles & Ethel Hughes Foundation Inc generated $204.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $300.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Ethel Hughes Foundation Inc has awarded 61 individual grants totaling $1,231,562. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CROSS CHRISTIAN CHURCH
LIVE TO GIVE HOPE
HUGHES SENIOR CENTER
OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cook Treasurer | 8 | $4,800 | |
Johnny North President | 2 | $3,000 | |
Dan True Director | 2 | $3,600 | |
Dan Waterman Director | 2 | $2,400 | |
Carrie Plassmeyer Director | 2 | $3,600 | |
Lee Sing Director | 2 | $2,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,305 |
| Capital Gain Net Income | $117,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $204,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,550 |
| Other employee salaries and wages | $49,629 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,835 |
| Depreciation | $18,090 |
| Occupancy | $47,362 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,907 |
| Total operating and administrative expenses | $167,167 |
| Contributions, gifts, grants paid | $133,150 |
| Total expenses and disbursements | $300,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,521 |
| 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 | $122,627 |
| Other assets | $0 |
| Total assets | $3,222,639 |
| Accounts payable and accrued expenses | $560 |
| 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 | $560 |
Grants Awarded
Over the last fiscal year, Charles & Ethel Hughes Foundation Inc has awarded $103,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LEBANON CONCERT ASSOCATION PURPOSE: ARTS GRANTS | $5,000 |
LEBANON AREA FOUNDATION PURPOSE: YOUTH PROGRAMSSCHOLARSHIPS | $8,000 |
THE CROSS CHRISTAIN SCHOOL PURPOSE: SCHOOL GRANT | $35,000 |
FELLOWSHIP OF CHRISTIAN ATH PURPOSE: YOUTH PROGRAMS | $5,000 |
LIVE 2 GIVE HOPE PURPOSE: HELP IN LIFE CRISIS | $29,100 |
HUGHES SENIOR CENTER PURPOSE: OPERATE SENIOR CENTER | $21,050 |