Paul Hughes Family Foundation
- Assets
- $6.3m
- Revenue
- $999.1k
- Investments
- $6.2m
- Employees
- 0
- Location
- Paramount, CA
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 95-4806982
The information for Paul Hughes Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Paramount, CA. It has been in existence for 20 years, following its founding in 2001.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Paul Hughes Family Foundation is a philanthropic organization classified under the NTEE code T21. This means that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. The foundation is specifically classified as a Corporate Foundation, indicating that its grant funds are primarily derived from the contributions of a profit-making business organization. Additionally, the foundation is governed by section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset contains eight years of grant history for the Paul Hughes Family Foundation. Over the course of these eight years, they have awarded a total of 200 grants, with an average check size of $10,815. The foundation has consistently awarded an average of 25 grants per year. The grants have been distributed across various NTEE sectors, with the most awards going to Education (9), followed by Human Services (8), and Youth Development (5). In terms of geographical distribution, the majority of grants have been awarded in California (184), with smaller numbers in Maryland (2), New York (5), Nevada (1), Florida (5), Texas (1), Hawaii (1), and West Virginia (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Strickler Sec/cfo/dir | 10 | $0 | |
Paul J Hughes Director | 5 | $0 | |
Teresa L Hughes President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $146,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $837,851 |
| Capital Gain Net Income | $837,851 |
| Net ST Capital Gain | $785,297 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,214 |
| Total Revenue | $999,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,493 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,584 |
| Total operating and administrative expenses | $171,880 |
| Contributions, gifts, grants paid | $132,455 |
| Total expenses and disbursements | $304,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,483 |
| Savings and temporary cash investments | $69,064 |
| 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 | $3,535,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,282,846 |
| 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, Paul Hughes Family Foundation has awarded $132,455 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA CLARITA COALITION PURPOSE: HELP SUPPORT MURDERED MOM | $20,500 |
THOMAS HOUSE TEMPORARY SHELTER PURPOSE: SHELTER FOR HOMELESS FAMILIES | $20,000 |
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $15,000 |
HENRY MAYO HOSPITAL FOUNDATION PURPOSE: SUPPORT IMPORTANT SERVICES AND EQUIPMENT FOR WOMENS UNIT AT THE HOSPITAL | $11,250 |
Newhall, CA PURPOSE: SUPPORT THOSE DIAGNOSED WITH CANCER IN THE SANTA CLARITA VALLEY | $11,250 |
LEUKEMIA LYMPHOMA SOCIETY PURPOSE: RAISE MONEY FOR A CURE FOR LEUKEMIA AND LYMPHOMA SOCIETY | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |