Nonprofit · EIN 85-0691493
JOHN AND NANCY HUGHES CHARITABLE FOUNDATION
Tax-exempt · LAKE FOREST, IL 60045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,035,692 | $568,164 | $467,528 | $10,098,911 | $0 | $10,098,911 |
| December 31, 2024 | 990-PF | $611,989 | $527,406 | $84,583 | $9,631,383 | $0 | $9,631,383 |
| December 31, 2023 | 990-PF | $82,089 | $473,685 | -$391,596 | $9,546,800 | $0 | $9,546,800 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $166,705
- Net gain from sales of assets
- $868,987
Expenses
- Grants and similar amounts paid
- $525,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $525,000
- Excise tax on investment income
- $14,004
Balance sheet and other
- Total assets, start of year
- $9,631,383
- Total assets, end of year
- $10,098,911
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,098,911
- Fair market value of assets
- $12,372,245
- Qualifying distributions
- $525,000
- Net investment income
- $1,035,692
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN W HUGHES III 585 BANK LANE, LAKE FOREST, IL 60045 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN W HUGHES III 585 BANK LANE, LAKE FOREST, IL 60045 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN W HUGHES III 585 BANK LANE, LAKE FOREST, IL 60045 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 585 N BANK LN STE 3000, LAKE FOREST, IL 60045-5308
- In care of
- % L ROBERT PASQUESI
- Signed the 990-PF
- JOHN W HUGHES III, TRUSTEE
- Phone
- (847) 234-5000
- Return prepared by
- PASQUESI SHEPPARD LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-0691493
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $10,098,911
- Income (IRS master file)
- $2,391,748
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,035,692 | $568,164 | $10,098,911 | IRS |
| 990-PF | December 2024 | $611,989 | $527,406 | $9,631,383 | IRS |
| 990-PF | December 2023 | $82,089 | $473,685 | $9,546,800 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 85-0691493).
Questions about JOHN AND NANCY HUGHES CHARITABLE FOUNDATION
- What is the EIN of JOHN AND NANCY HUGHES CHARITABLE FOUNDATION?
- The employer identification number (EIN) of JOHN AND NANCY HUGHES CHARITABLE FOUNDATION is 85-0691493.
- Is JOHN AND NANCY HUGHES CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to JOHN AND NANCY HUGHES CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN AND NANCY HUGHES CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN AND NANCY HUGHES CHARITABLE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN AND NANCY HUGHES CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of JOHN AND NANCY HUGHES CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does JOHN AND NANCY HUGHES CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,035,692, expenses of $568,164 and total assets of $10,098,911 at year end.
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