Hughes Foundation
- Assets
- $979.6k
- Revenue
- $299.3k
- Investments
- $739.8k
- Employees
- 0
- Location
- Clarkston, WA
- Founding
- Data as of
- 12/2022
- EIN
- 87-4127508
Organization Overview
Hughes Foundation is located in Clarkston, WA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 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 Foundation generated $299.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (45.3%) each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karrie Kay Trustee | 5 | $0 | |
Gary Hughes Trustee | 0 | $0 | |
Jutta Hughes Trustee | 0 | $0 | |
Gregory Hughes Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $285,000 |
| Interest on Savings | $1,877 |
| Dividends & Interest | $4,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,376 |
| Capital Gain Net Income | $5,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,250 |
| Total Revenue | $299,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107 |
| Total operating and administrative expenses | $10,141 |
| Contributions, gifts, grants paid | $40,435 |
| Total expenses and disbursements | $50,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,758 |
| Savings and temporary cash investments | $5,223 |
| 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 | $223,902 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $739,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $979,642 |
| 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 Foundation has awarded $40,435 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
TRI-STATE HOSPITAL FOUNDATION PURPOSE: TO PROVIDE FUNDS TO ACCOMPLISH EXEMPT FUNCTION | $800 |
BOYS GIRLS CLUB PURPOSE: TO PROVIDE FUNDS TO ACCOMPLISH EXEMPT FUNCTION | $10,000 |
ROTARY CLUB OF LEWISTON PURPOSE: TO PROVIDE FUNDS TO ACCOMPLISH EXEMPT FUNCTION | $1,000 |
CHAMBER OF LEWIS CLARK VALLEY PURPOSE: TO PROVIDE FUNDS TO ACCOMPLISH EXEMPT FUNCTION | $650 |
TWIN COUNTY UNITED WAY PURPOSE: TO PROVIDE FUNDS TO ACCOMPLISH EXEMPT FUNCTION | $100 |
VARSITY CHEERADDISON SHAFER PURPOSE: SPONSORSHIP FOR VARSITY SPORTS | $500 |