Overview
What is Hughes Foundation Inc?
Hughes Foundation Inc, based in Sherman, Texas, is a nonprofit organization with a mission to support children in need. Specifically, they focus on funding orphanages and providing essential assistance. The organization's activities extend beyond just financial aid, as they aim to make a significant impact on the lives of these children. Their headquarters can be found at 2212 SAN MIGUEL STREET, Sherman, TX 75092. While the description in the provided information mentions building a hospital clinic in Africa, this detail does not seem to be the primary focus of the foundation as stated in the mission description.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (63%)
The Hughes Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting concerns primarily in the areas of accountability and finance. With an overall score of 63%, the organization has performed well in certain metrics but shows significant room for enhancement, particularly regarding governance and transparency.
One of the notable strengths of the foundation is its program expense ratio and liabilities to assets ratio, indicating effective financial management in these areas. However, the organization has been criticized for lacking independent board members and failing to implement key governance policies such as conflict of interest and whistleblower protections, which are essential for fostering accountability and trust.
Additionally, the foundation's website does not adequately provide access to important documents, such as its tax form and board meeting minutes, which diminishes its transparency. To improve its rating, the Hughes Foundation Inc should focus on enhancing governance practices and increasing the availability of information to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Hughes Foundation Inc legitimate?
Hughes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hughes Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Hughes Foundation Inc?
The Hughes Foundation Inc. is committed to funding orphanages and providing support to children in need. Their primary objective is to ensure the well-being and care of these children, demonstrating a dedication to making a positive impact in their lives. The foundation's activities may involve funding the construction of facilities, such as hospitals and clinics, to cater to the needs of these children. In essence, the Hughes Foundation Inc. is a philanthropic organization that seeks to improve the lives of disadvantaged children by providing essential resources and support.
Who is the CEO of Hughes Foundation Inc?
Andrew M Hughes Jr is the President of Hughes Foundation Inc.
What is the revenue of Hughes Foundation Inc?
Hughes Foundation Inc's revenue in 2022 was $477,066.
Who are the executives of Hughes Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Hughes Foundation Inc?
Hughes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hughes Foundation Inc
Hughes Foundation Inc, a nonprofit organization, is dedicated to funding orphanages and providing support to children in need. Its mission is centered around alleviating the hardships faced by these vulnerable children, offering them a sense of security and care. By funding orphanages, Hughes Foundation Inc ensures that these children have a safe and nurturing environment, essential for their growth and development. In addition to this, the foundation provides direct support to children in need, helping them overcome various challenges they may be facing. This could include, but is not limited to, providing essential resources, facilitating educational opportunities, or simply offering emotional and psychological support. Overall, Hughes Foundation Inc's mission is a testament to its commitment to improving the lives of orphaned and disadvantaged children, striving to make a positive difference in their lives.
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Impact
July, 2024
Hughes Foundation Inc's impact lies in funding orphanages and providing crucial support to children in need. Specifically, their work includes supporting the building of a hospital clinic in Africa through CMF International. Based in Sherman, Texas, the foundation's mission is solely focused on providing assistance to orphanages and vulnerable children, exemplifying a commitment to philanthropy.
This information is meant to be a general summary of Hughes Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,066
- Gross Receipts: $477,066
Assets and Liabilities:
- Total Assets: $2,614,207
- Total Liabilities: $0
- Net Assets: $2,614,207
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Organization Details
Founding Year
2007
Phone
(903) 892-3207Principal Officer
Andrew M Hughes Jr
Main Address
2212 SAN MIGUEL STREET, SHERMAN, TX, 75092
NTEE Category
Code: T30 - Philanthropy
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