Paul Hughes Family Foundation
- Assets
- $6.2m
- Revenue
- $317.0k
- Investments
- $6.1m
- Employees
- 0
- Location
- Paramount, CA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 95-4806982
Organization Overview
Paul Hughes Family Foundation is located in Paramount, CA. The organization was established in 2001. 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. Paul Hughes Family 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 12/2022, Paul Hughes Family Foundation generated $317.0k 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 (5.6%) each year. All expenses for the organization totaled $398.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Paul Hughes Family Foundation has awarded 226 individual grants totaling $2,369,503. 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 |
|---|---|---|---|
Steve Strickler Sec/cfo/dir | 10 | $0 | |
Paul J Hughes Director | 5 | $0 | |
Teresa L Hughes President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $144,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,521 |
| Capital Gain Net Income | $173,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$674 |
| Total Revenue | $316,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,150 |
| Total operating and administrative expenses | $192,124 |
| Contributions, gifts, grants paid | $206,451 |
| Total expenses and disbursements | $398,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,612 |
| Savings and temporary cash investments | $66,180 |
| 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 | $3,655,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,201,248 |
| 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, Paul Hughes Family Foundation has awarded $206,451 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CAROUSEL RANCH INC PURPOSE: SUPPORT OF HANDICAPPED CHILDREN | $13,734 |
CATHOLIC BIG BROTHERS BIG SISTERS PURPOSE: SUPPORT ON-GOING PROJECTS THAT WILL AID AND EXPAND RECRUITMENT OF BIG BROTHERS & SISTERS | $3,500 |
THOMAS HOUSE TEMPORARY SHELTER PURPOSE: SHELTER FOR HOMELESS FAMILIES | $10,000 |
SOROPTIMIST INTERNATIONAL OF VALENC PURPOSE: SUPPORT OF WOMENS HEALTH ISSUES | $2,500 |
HENRY MAYO HOSPITAL FOUNDATION PURPOSE: SUPPORT IMPORTANT SERVICES AND EQUIPMENT FOR WOMENS UNIT AT THE HOSPITAL | $12,300 |
CIRCLE OF HOPE INC PURPOSE: PROVIDE EMOTIONAL, EDUCATIONAL AND FINANCIAL ASSISTANCE TO THE SCV CANCER COMMUNITY | $7,500 |