Nonprofit · EIN 35-2308467
HUGHES FOUNDATION
Tax-exempt · SHERMAN, TX 75092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $468,808 | $42,500 | $426,308 | $3,559,773 | $0 | $3,559,773 |
| December 31, 2023 | 990 | $336,384 | $20,361 | $316,023 | $3,069,400 | $0 | $3,069,400 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Program service revenue
- $0
- Investment income
- $168,808
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $29,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $995
- Travel
- $12,421
- Program services (functional)
- $29,000
- Management and general (functional)
- $13,500
Balance sheet and other
- Total assets, start of year
- $3,069,400
- Total assets, end of year
- $3,559,773
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,559,773
- Publicly traded securities
- $450,186
- Net assets without donor restrictions
- $3,559,773
- Gross receipts
- $468,808
- Employees
- 0
- Year formed
- 2007
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW M HUGHES JR | President Trustee or director, Officer | 18 | $0 |
| KAY F HUGHES | Vice President Trustee or director, Officer | 5 | $0 |
| BILLIE HOWSMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| KRISTIAN HUGHES | SECRETARY/TREAS Trustee or director, Officer | 28 | $0 |
| LYNN CABE | BOARD MEMBER Trustee or director | 0 | $0 |
| JIM CABE | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW M HUGHES JR | President Trustee or director, Officer | 18 | $0 |
| KAY F HUGHES | Vice President Trustee or director, Officer | 5 | $0 |
| BILLIE HOWSMAN | BOARD MEMBER Trustee or director | 10 | $0 |
| KRISTIAN HUGHES | SECRETARY/TREAS Trustee or director, Officer | 28 | $0 |
| LYNN CABE | BOARD MEMBER Trustee or director | 0 | $0 |
| JIM CABE | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2212 SAN MIGUEL ST, SHERMAN, TX 75092-2342
- In care of
- % ANDREW MICHAEL HUGHES JR
- Signed the 990
- ANDREW M HUGHES JR, President
- Phone
- (903) 892-3207
- Return prepared by
- Clifton and Jackson LLC
Mission
TO FUND ORPHANAGES AND PROVIDE SUPPORT TO CHILDREN IN NEED.
Program accomplishments
- PEHUCCI CHILDRENS HOME - CONTRIBUTION FOR CAPITAL IMPROVEMENT RELATED EXPENSESExpenses $9,000 · grants $9,000
- SALVATION ARMY - DONATIONS FOR SOCIAL SERVICE PROGRAMSExpenses $5,000 · grants $5,000
- VARIOUS CHURCH CONTRIBUTIONS AND MINISTRIES EXPENSESExpenses $5,000 · grants $5,000
- CMF INTERNATIONAL - DONATION FOR SOCIAL SERVICE PROGRAMSExpenses $5,000 · grants $5,000
- GRAND CENTRAL STATION - FOOD PANTRY AND MEAL DISTRIBUTION FOR LOCAL COMMUNITY AND ELEMENTARY SCHOOL CHILDRENExpenses $5,000 · grants $5,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2308467
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $3,559,773
- Income (IRS master file)
- $468,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $468,808 | $42,500 | $3,559,773 | XML |
| 990 | December 2023 | $336,384 | $20,361 | $3,069,400 | XML |
| 990 | December 2022 | $477,066 | $125,250 | $2,614,207 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2308467).
Questions about HUGHES FOUNDATION
- What is the EIN of HUGHES FOUNDATION?
- The employer identification number (EIN) of HUGHES FOUNDATION is 35-2308467.
- Is HUGHES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to HUGHES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HUGHES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HUGHES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HUGHES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of HUGHES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does HUGHES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $468,808, expenses of $42,500 and total assets of $3,559,773 at year end.
Other nonprofits in SHERMAN
- RAIN FOUNDATION EIN 85-3431687 · last filed 990-PF for 2025
- ELLA MAE BROWN CHARITABLE TRUST EIN 20-5370462 · last filed 990-PF for 2024
- PLYLER FAMILY EVANGELISM FOUNDATION EIN 02-0536810 · last filed 990-PF for 2025
- TEXOMA REGIONAL FOUNDATION EIN 46-3122778 · last filed 990-EZ for 2025
- PHILANTHROPY FOUNDATION OF TEXOMA EIN 87-1558998 · last filed 990-N for 2025
- AUSTIN COLLEGE EIN 75-0827409 · last filed 990 for 2025
- GOODWILL INDUSTRIES OF NORTHEAST TEXAS INC EIN 75-1517836 · last filed 990 for 2025
- TEXOMA AREA PARATRANSIT SYSTEM INC EIN 75-2127267 · last filed 990 for 2025
All nonprofits in SHERMAN · Texas · Philanthropy, voluntarism and grantmaking foundations