W Marshall Hughes Jr Scholarship Foundation
- Assets
- $3.8m
- Revenue
- $50.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 23-6934996
Organization Overview
W Marshall Hughes Jr Scholarship Foundation is located in Orlando, FL. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W Marshall Hughes Jr Scholarship 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 12/2023, W Marshall Hughes Jr Scholarship Foundation generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $211.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W Marshall Hughes Jr Scholarship Foundation has awarded 63 individual grants totaling $667,430. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP NEW YORK FILM ACADEMY
SCHOLARSHIP TO RIDER UNIVERSITY
SCHOLARSHIP TO CATHOLIC UNIVERSITY OF AMERICA
SCHOLARSHIP TO SCAD
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,512 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,382 |
| Total Revenue | $50,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,218 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $43,512 |
| Contributions, gifts, grants paid | $167,440 |
| Total expenses and disbursements | $210,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,818 |
| 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 | $2,839,733 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,838,660 |
| 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, W Marshall Hughes Jr Scholarship Foundation has awarded $167,440 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXA WRIGHT CO UCLA PURPOSE: SCHOLARSHIP | $20,000 |
ANDREW SANTORO CO LEBANON VALLEY PURPOSE: SCHOLARSHIP | $20,000 |
ANDREW BAUSHER CO FREDONIA STATE PURPOSE: SCHOLARSHIP | $13,400 |
BRENDAN WEBER CO MARYWOOD UNIVERSITY PURPOSE: SCHOLARSHIP | $20,000 |
DAVID HELMER CO JOHN HOPKINS UNIVERSITY PURPOSE: SCHOLARSHIP | $20,000 |
MARIA MARMAROU CO TEMPLE UNIVERSITY PURPOSE: SCHOLARSHIP | $8,383 |