The John C And Karyl Kay Hughes Foundation
- Assets
- $27.6m
- Revenue
- $1.5m
- Investments
- $27.7m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 06/1985
- Data as of
- 11/2023
- EIN
- 91-1286019
Organization Overview
The John C And Karyl Kay Hughes Foundation is located in Seattle, WA. The organization was established in 1985. 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. John C And Karyl Kay 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 11/2023, John C And Karyl Kay Hughes Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.1m during the year ending 11/2023. While expenses have increased by 2.5% 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 2015, John C And Karyl Kay Hughes Foundation has awarded 244 individual grants totaling $22,407,500. 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 |
|---|---|---|---|
Christopher R Hughes Trustee | 2.5 | $0 | |
Julie A Hughes Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $466,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,040,887 |
| Capital Gain Net Income | $1,040,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,506,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,961 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $8,886 |
| Contributions, gifts, grants paid | $3,084,000 |
| Total expenses and disbursements | $3,092,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$123,702 |
| 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 | $25,000 |
| 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 | $27,637,142 |
| 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, The John C And Karyl Kay Hughes Foundation has awarded $3,084,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
12TH CHURCH OF CHRIST SCIENTIST PURPOSE: GENERAL SUPPORT | $100,000 |
ALLIANCE FOR EDUCATION PURPOSE: GENERAL SUPPORT | $30,000 |
1ST CHURCH OF CHRIST SCIENTIST PURPOSE: MOTHER CHURCH ENDOWMENT FUND AND GENERAL SUPPORT | $125,000 |
CARTER CENTER PURPOSE: VARIOUS PROGRAM SUPPORT | $115,000 |
CHURCH COUNCIL OF GREATER SEATTLE PURPOSE: GENERAL SUPPORT | $225,000 |
COMPANIS PURPOSE: GENERAL SUPPORT | $50,000 |