Hughes Philanthropic Society
- Assets
- $195.4k
- Revenue
- $22.3k
- Investments
- $182.8k
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 54-1971831
Organization Overview
Hughes Philanthropic Society is located in Charlottesville, VA. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Hughes Philanthropic Society 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, Hughes Philanthropic Society generated $22.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $31.9k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Estelle Demaio Secretary | 1 | $0 | |
J David Hughes Asst.sec'y | 1 | $0 | |
Erik Hughes Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,035 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,108 |
| Capital Gain Net Income | $16,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25 |
| Taxes | $3,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,106 |
| Total operating and administrative expenses | $9,431 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $31,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,563 |
| 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 | $182,812 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,375 |
| 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, Hughes Philanthropic Society has awarded $22,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Roanoke, VA PURPOSE: HUMANITARIAN | $15,000 |
Leesburg, VA PURPOSE: HUMANITARIAN | $4,000 |
LONDON CARES PURPOSE: HUMANITARIAN | $1,500 |
JIM FULLINGIM MINISTRIES PURPOSE: RELIGIOUS | $1,000 |
ST JUDE PURPOSE: HUMANITARIAN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |
Kolibri Foundation Inc Washington, DC | $25,943,036 | $16,488,107 |
George Wolf Memorial Intrvs Tr Ua 08082003 Washington, DC | $12,689,943 | $2,315,178 |
The Harvey M And Lyn P Meyerhoff Fund Inc Baltimore, MD | $35,059,295 | $6,016,350 |
Harry Weinberg Family Foundation Inc Baltimore, MD | $47,202,847 | $1,657,576 |
Parks System Tr Fund Wheeling, WV | $22,910,458 | $3,155,007 |