The Mark Hughes Foundation
- Assets
- $13.5m
- Revenue
- $518.6k
- Investments
- $13.1m
- Employees
- 0
- Location
- Marina Del Rey, CA
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 95-4487544
Organization Overview
The Mark Hughes Foundation is located in Marina Del Rey, CA. The organization was established in 1994. 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. Mark 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 12/2021, Mark Hughes Foundation generated $518.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $914.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mark Hughes Foundation has awarded 174 individual grants totaling $4,757,500. 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.
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 |
|---|---|---|---|
Jeffrey Glassman President | 1 | $0 | |
Ann Van Dormolen- See Statement Secretary & Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 12/30/21 | $71,495 |
Philanthropic Administration Inc | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $254,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $264,308 |
| Capital Gain Net Income | $264,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $518,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,755 |
| Total operating and administrative expenses | $149,725 |
| Contributions, gifts, grants paid | $765,000 |
| Total expenses and disbursements | $914,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,464 |
| Savings and temporary cash investments | $274,685 |
| 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 | $13,456,642 |
| 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 | $3,095 |
| Total liabilities | $3,095 |
Grants Awarded
Over the last fiscal year, The Mark Hughes Foundation has awarded $765,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CORE PROGRAM SUPPORT | $60,000 |
Los Angeles, CA PURPOSE: PUBLIC SCHOOL FIELD TRIPS | $50,000 |
Los Angeles, CA PURPOSE: GUARDIAN SCHOLARS PROGRAM | $50,000 |
LA FAMILY HOUSING PURPOSE: FAMILY SERVICES AND YOUTH ENRICHMENT | $40,000 |
Venice, CA PURPOSE: ON-SITE REMOTE LEARNING FACILITIES | $30,000 |
BOYS & GIRLS CLUB OF HOLLYWOOD PURPOSE: CORE PROGRAM EXPENSE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |