The Ruby L Hughes Memorial Fund
- Assets
- $2.8m
- Revenue
- $176.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 52-6956586
Organization Overview
The Ruby L Hughes Memorial Fund is located in Brooklyn, OH. The organization was established in 2000. 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. Ruby L Hughes Memorial Fund 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 12/2022, Ruby L Hughes Memorial Fund generated $176.2k 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 (13.8%) each year. All expenses for the organization totaled $282.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ruby L Hughes Memorial Fund has awarded 20 individual grants totaling $869,729. 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 | $92,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,024 |
| Capital Gain Net Income | $84,024 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,343 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206 |
| Total operating and administrative expenses | $40,956 |
| Contributions, gifts, grants paid | $241,457 |
| Total expenses and disbursements | $282,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,873 |
| 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 | $2,606,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,761,465 |
| 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, The Ruby L Hughes Memorial Fund has awarded $241,457 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIBLE SOCIETY PURPOSE: TO BE USED AT DISCRETION OF | $72,437 |
THE SALVATION ARMY PURPOSE: TO BE USED AT DISCRETION OF | $12,073 |
GOSPEL BROADCASTING-CHRISTIAN HOUR PURPOSE: TO BE USED AT DISCRETION OF | $72,437 |
BILLY GRAHAM EVANGELISTIC ASSN PURPOSE: TO BE USED AT DISCRETION OF | $72,437 |
FRANKLIN CIRCLE CHRISTIAN CHURCH PURPOSE: TO BE USED AT DISCRETION OF | $12,073 |