John E & Jeanne T Hughes Charitable Foundation
- Assets
- $4.1m
- Revenue
- $132.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1993
- Data as of
- 09/2022
- EIN
- 36-3798525
Organization Overview
John E & Jeanne T Hughes Charitable Foundation is located in Chicago, IL. The organization was established in 1993. 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. John E & Jeanne T Hughes Charitable 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 09/2022, John E & Jeanne T Hughes Charitable Foundation generated $132.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $297.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, John E & Jeanne T Hughes Charitable Foundation has awarded 83 individual grants totaling $993,000. 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 |
|---|---|---|---|
John E Hughes Founder, President | 20 | $0 | |
Jeanne T Hughes Founder, Vice President | 5 | $0 | |
Michael W Hennessy Treasurer, Director | 8 | $2,000 | |
Carole J Hennessy Secretary, Director | 6 | $2,000 | |
Matthew H Hennessy Assist. Program Officer, | 1 | $2,000 | |
Jonathan M Hennessy Executive Director | 18 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $122,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,494 |
| Capital Gain Net Income | $10,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,834 |
| Total operating and administrative expenses | $47,877 |
| Contributions, gifts, grants paid | $249,500 |
| Total expenses and disbursements | $297,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,812 |
| Savings and temporary cash investments | $1,254,336 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,128,830 |
| 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, John E & Jeanne T Hughes Charitable Foundation has awarded $249,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S ONOCOLOGY NETWORK PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
COLLEGIATE ENTREPRENEURS ORGANIZATION PURPOSE: PROGRAM SUPPORT AND GENERAL OPERATING SUPPORT | $15,000 |
CHICAGO FURNITURE BANK PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
CODE NATION PURPOSE: PROGRAM SUPPORT | $15,000 |
DEFY VENTURES FBO ILLINOIS PROGRAMS PURPOSE: PROGRAM SUPPORT | $40,000 |
FUTURE FOUNDERS FOUNDATION PURPOSE: PROGRAM SUPPORT | $30,000 |