Hugh Jack Stubbs Family Foundation
- Assets
- $423.8k
- Revenue
- $53.5k
- Investments
- $229.3k
- Employees
- 0
- Location
- Magee, MS
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5616650
Organization Overview
Hugh Jack Stubbs Family Foundation is located in Magee, MS. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh Jack Stubbs Family 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 12/2023, Hugh Jack Stubbs Family Foundation generated $53.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $20.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Morgan Stubbs President | 0 | $0 | |
Laurie Marie Stubbs Secretary | 0 | $0 | |
Jean Stubbs Assistant Se | 0 | $0 | |
Mary Cathryn Slocum Treasurer | 0 | $0 | |
Stephen Douglas Childres Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,546 |
| Total Revenue | $53,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,427 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $423,750 |
| 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 | $13,027 |
| Total liabilities | $13,027 |
Grants Awarded
Over the last fiscal year, Hugh Jack Stubbs Family Foundation has awarded $20,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MCMC BUILDING FUND PURPOSE: GENERAL | $8,400 |
SIMPSON COUNTY DEVELOPMENT FOUNDATI PURPOSE: GENERAL | $1,344 |
FROG CC YOUTH PURPOSE: GENERAL | $1,344 |
GIDEONS INTERNATIONAL PURPOSE: GENERAL | $1,344 |
MAGEE LIBRARY PURPOSE: GENERAL | $1,344 |
SIMPSON COUNTY EXTENSION SERVICE PURPOSE: GENERAL | $1,344 |