Walter M Hughes Educational Trust
- Assets
- $891.5k
- Revenue
- $51.2k
- Investments
- $870.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 31-6024847
Organization Overview
Walter M Hughes Educational Trust is located in Chicago, IL. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Walter M Hughes Educational Trust 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, Walter M Hughes Educational Trust generated $51.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $66.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Walter M Hughes Educational Trust has awarded 101 individual grants totaling $287,605. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,111 |
| Capital Gain Net Income | $19,111 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $580 |
| Total Revenue | $51,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,423 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $19,746 |
| Contributions, gifts, grants paid | $47,000 |
| Total expenses and disbursements | $66,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,539 |
| Savings and temporary cash investments | $11,401 |
| 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 | $54,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $891,477 |
| 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, Walter M Hughes Educational Trust has awarded $47,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
RYAN HARRIS PURPOSE: SCHOLARSHIP | $2,000 |
HANNAH DODD PURPOSE: SCHOLARSHIP | $3,000 |
ABIGAIL DERWACTER PURPOSE: SCHOLARSHIP | $3,000 |
JACOB DAVIS PURPOSE: SCHOLARSHIP | $5,000 |
EMMAH KRONENBITTER PURPOSE: SCHOLARSHIP | $1,000 |
ZOEY CARDER PURPOSE: SCHOLARSHIP | $1,000 |