Hughes Texas Foundation
- Assets
- $3.5m
- Revenue
- $1.4m
- Investments
- $1.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-4937164
Organization Overview
Hughes Texas Foundation is located in Dallas, TX. The organization was established in 2018. 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. Hughes Texas 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 12/2022, Hughes Texas Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $392.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hughes Texas Foundation has awarded 41 individual grants totaling $1,532,983. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph V Hughes Jr Director | 5 | $0 | |
Holly Oldfield Hughes Director | 5 | $0 | |
Joseph V Hughes III Director | 5 | $0 | |
Kathryn Margaret Hughes Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,310,000 |
| Interest on Savings | $1,985 |
| Dividends & Interest | $16,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,278 |
| Capital Gain Net Income | $6,278 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109,803 |
| Total Revenue | $1,444,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,137 |
| Total operating and administrative expenses | $30,960 |
| Contributions, gifts, grants paid | $361,200 |
| Total expenses and disbursements | $392,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,946 |
| Savings and temporary cash investments | $1,534,395 |
| 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 | $1,002,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $696,303 |
| Total assets | $3,486,135 |
| 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 Texas Foundation has awarded $361,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
URSULINE ACADEMY PURPOSE: PHILANTHROPIC | $10,000 |
JESUIT PURPOSE: PHILANTHROPIC | $36,700 |
CATHOLIC CHARITIES OF DALLAS PURPOSE: PHILANTHROPIC | $202,500 |
CRISTO REY DALLAS COLLEGE PREP PURPOSE: PHILANTHROPIC | $50,000 |
ST VINCENT DE PAUL PURPOSE: PHILANTHROPIC | $2,500 |
CHRIST THE KING PURPOSE: PHILANTHROPIC | $22,000 |