Preston G Hughes Foundation Inc
- Assets
- $1.8m
- Revenue
- $207.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 87-6122482
Organization Overview
Preston G Hughes Foundation Inc is located in Salt Lake City, UT. The organization was established in 1965. 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. Preston G Hughes 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, Preston G Hughes Foundation Inc generated $207.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $146.5k during the year ending 12/2021. While expenses have increased by 8.7% 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.
Since 2016, Preston G Hughes Foundation Inc has awarded 107 individual grants totaling $413,571. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Preston Hughes President | 1 | $0 | |
Elaine J Hughes Vice President | 0 | $0 | |
Jennifer H Tew Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,409 |
| Dividends & Interest | $41,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,141 |
| Capital Gain Net Income | $163,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,341 |
| Total Revenue | $207,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,302 |
| Total operating and administrative expenses | $24,149 |
| Contributions, gifts, grants paid | $122,351 |
| Total expenses and disbursements | $146,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,123 |
| 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 | $1,767,519 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,837,671 |
| 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, Preston G Hughes Foundation Inc has awarded $122,351 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JESUS CHRIST OF LATTER DA PURPOSE: RELIGIOUS, MISSIONARY, HUMANITARIAN AID | $76,500 |
UNIVERSITY OF UTAH SCHOOL OF DENIST PURPOSE: EDUCATIONAL SUPPORT | $10,000 |
ENSIGN COLLEGE PURPOSE: EDUCATIONAL SUPPORT | $6,000 |
Salt Lake City, UT PURPOSE: COMMUNITY SUPPORT | $3,000 |
UNIVERSITY OF UTAH SCHOLARSHIP FUND PURPOSE: EDUCATIONAL SUPPORT | $2,740 |
AED INSTITUTE OF AMERICA PURPOSE: COMMUNITY SUPPORT | $2,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |