Hughes Memorial Home
- Assets
- $5.6m
- Revenue
- $656.4k
- Investments
- $4.8m
- Employees
- 0
- Location
- Danville, VA
- Founding
- 04/1937
- Data as of
- 06/2022
- EIN
- 54-0519574
Organization Overview
Hughes Memorial Home is located in Danville, VA. The organization was established in 1937. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Hughes Memorial Home 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 06/2022, Hughes Memorial Home generated $656.4k 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 (5.3%) each year. All expenses for the organization totaled $768.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hughes Memorial Home has awarded 560 individual grants totaling $4,280,909. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM PROVIDES GRANTS AND COLLEGE SCHOLARSHIPS TO VARIOUS PUBLIC CHARITIES AND EDUCATIONAL INSITUTIONS WHICH SPECIFICALLY PROVIDE EDUCATION, CARE, TRAINING AND NUTURING TO NEEDY AND/OR AT-RISK CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy C Bailey Program Coordinator | 40 | $50,836 | |
Linda Owens Executive Director | 24 | $0 | |
Ray Beale Jr President | 5 | $0 | |
Rodney Reynolds Treasurer | 4 | $0 | |
Rachel Pullin Secretary | 4 | $0 | |
Dave Clark Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $22,476 |
| Dividends & Interest | $125,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,462 |
| Capital Gain Net Income | $507,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,297 |
| Total Revenue | $656,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $99,591 |
| Pension plans, employee benefits | $6,140 |
| Interest | $0 |
| Taxes | $24,451 |
| Depreciation | $766 |
| Occupancy | $5,333 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,821 |
| Total operating and administrative expenses | $230,237 |
| Contributions, gifts, grants paid | $537,993 |
| Total expenses and disbursements | $768,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $697,357 |
| 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 | $10,512 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $126,499 |
| Other assets | $0 |
| Total assets | $5,631,297 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $559,060 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,658 |
| Total liabilities | $564,718 |
Grants Awarded
Over the last fiscal year, Hughes Memorial Home has awarded $934,523 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DANVILLE PURPOSE: CHILDREN'S PLAYGROUND | $100,000 |
Danville, VA PURPOSE: EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS | $71,000 |
GRETNA LIBRARY PURPOSE: CHILDREN'S READING AREA | $50,000 |
UNIVERSITY OF VIRGINIA PURPOSE: EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS | $44,750 |
VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS | $34,500 |
GOD'S STOREHOUSE PURPOSE: BACKPACK PROGRAM | $33,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |