Hughes Family Foundation Inc
- Assets
- $236.0k
- Revenue
- $13.2k
- Investments
- $228.7k
- Employees
- 0
- Location
- Katy, TX
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-2550605
Organization Overview
Hughes Family Foundation Inc is located in Katy, TX. The organization was established in 2016. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hughes Family 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, Hughes Family Foundation Inc generated $13.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hughes Family Foundation Inc has awarded 14 individual grants totaling $228,350. 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 Mission:
Part 3 - Line 1
HELPING IMPACT FAMILIES AND CHILDREN IN NEED WITH DAILY ENCOURAGEMENT AND LIFE-CHANGING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING IMPACT FAMILIES AND CHILDREN IN NEED WITH DAILY ENCOURAGEMENT AND LIFE-CHANGING EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Hughes President | 0.5 | $0 | |
Pam Hughes Officer | 0.5 | $0 | |
Mary Beth Robinson Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,166 |
| Capital Gain Net Income | $8,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,479 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $18,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,288 |
| 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 | $235,995 |
| 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 Family Foundation Inc has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Orchard Park, NY PURPOSE: HELPING IMPACT FAMILIES AND CHILDREN IN NEED WITH DAILY ENCOURAGEMENT AND LIFE-CHANGING EXPERIENCES. | $50,000 |
NORTH SIDE HIGH SCHOOL PURPOSE: HELPING IMPACT FAMILIES AND CHILDREN IN NEED WITH DAILY ENCOURAGEMENT AND LIFE-CHANGING EXPERIENCES. | $15,000 |
MISSION IGNITE POWERED BY COMPUTERS FOR CHILDREN INC PURPOSE: HELPING IMPACT FAMILIES AND CHILDREN IN NEED WITH DAILY ENCOURAGEMENT AND LIFE-CHANGING EXPERIENCES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Faiths Albuquerque, NM | $12,930,132 | $9,403,704 |
Family Service Center At Houston And Harris County Houston, TX | $4,044,292 | $5,375,449 |
Parent Child Center Of Tulsa Inc Tulsa, OK | $4,040,349 | $4,809,536 |
New Orleans Family Justice Alliance Inc New Orleans, LA | $1,660,298 | $4,581,133 |
Jones Center For Families Inc Springdale, AR | $19,146,253 | $5,651,307 |
American Indian Cultural Center Foundation Oklahoma City, OK | $17,807,997 | $4,962,101 |
Community Family Centers-Centros Familiares De La Comunidad Houston, TX | $5,360,893 | $3,588,597 |
Seasons Of Life Arlington, TX | $712,959 | $3,744,125 |
Centers For Children And Families Inc Midland, TX | $6,206,275 | $3,508,167 |
Schmieding Foundation Term Springdale, AR | $20,489,338 | $1,907,097 |
Anthem Strong Families Dallas, TX | $404,302 | $3,059,141 |
Catholic Charities Diocese Of Lubbock Lubbock, TX | $3,762,860 | $3,044,993 |