Sarah M Hughes Foundation
- Assets
- $5.3m
- Revenue
- $513.6k
- Investments
- $4.9m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 35-2428957
Organization Overview
Sarah M Hughes Foundation is located in Seattle, WA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Sarah M 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, Sarah M Hughes Foundation generated $513.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $96.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sarah M Hughes Foundation has awarded 30 individual grants totaling $2,268,800. 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 |
|---|---|---|---|
Mr James W Hughes Manager | 0 | $0 | |
Ms Heather O Hughes Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,395 |
| Interest on Savings | $0 |
| Dividends & Interest | $249,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,531 |
| Capital Gain Net Income | $257,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $513,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,575 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,677 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $96,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $405,684 |
| 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 | $20,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,340,336 |
| 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, Sarah M Hughes Foundation has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL OPERATIONS FUND | $25,000 |
PEDIATRIC BRAIN TUMOR RESEARCH FUND PURPOSE: GENERAL OPERATIONS FUND | $25,000 |
PROVIDENCE HOSPICE OF SEATTLE FOUNDATION PURPOSE: GENERAL OPERATIONS FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |
Guidance Foundation Portland, OR | $0 | $19,812 |
The Frederick D & Gail Y Jubitz Foundation Hillsboro, OR | $3,589,858 | $1,270,758 |
Alaska Airlines Foundation Anchorage, AK | $9,466,696 | $1,525,965 |
Chetana Global Foundation Portland, OR | $415,147 | $977,425 |