Eugene And Kristine Hughes Charitable Foundation in Salt Lake Cty, Utah (UT)

Organization representatives - add corrected or new information about Eugene And Kristine Hughes Charitable Foundation »

Non-representatives - add comments about Eugene And Kristine Hughes Charitable Foundation»

Eugene And Kristine Hughes Charitable Foundation
Employer Identification Number (EIN)870618294
Name of OrganizationEugene And Kristine Hughes Charitable Foundation
In Care of NameCraig E Hughes
Address170 S Main St Ste 250, Salt Lake Cty, UT 84101-3640
ActivitiesCommunity recreational facilities (park, playground, etc)
SubsectionCharitable Organization
Ruling Date12/1998
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$648,461
Amount of Income$148,467
Form 990 Revenue Amount$1,300
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Environmental Beautification and Aesthetics


Non-representatives - add comments:


CAPTCHA

Your IP address 3.237.232.196 will be logged.

Amount of income in 2014: $148,467 (it was $24,369 in 2013)
This organization: 

 $148,467
Other organizations performing similar types of work: 

 $44,413

Assets in 2014: $648,461 (it was $673,329 in 2013)
Eugene And Kristine Hughes Charitable Foundation: 

 $648,461
Other organizations performing similar types of work: 

 $41,437

Expenses in 2013: $18,401
This organization: 

 $18,401
Other organizations performing similar types of work: 

 $35,069

Income to expenses ratio in 2013: 8.1
This organization: 

 8.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 97.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$13,119$13,119$16,363
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$3,453
Gross rents$0
Gross sales price for all assets$20,916
Gross profit from sales of goods$0
Other income$0
Other$9,666
Total expenses and disbursements$18,401$5,101$700$12,600
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$360
Accounting fees$1,700
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$5,801$5,101$0
Contributions, gifts, grants paid$12,600
Excess of revenue over expenses and disbursements$-5,282
Net investment income$8,018
Adjusted net income$15,663
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$713,027$517,108$667,667$503,093$673,329$541,313
Cash - non-interest-bearing$278$279$279
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$205,695$157,500$146,250
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$165,484$168,318$170,365
Other assets$0$0
Total liabilities$19,409$1,445$12,389
Mortgages and other notes payable$0$0$0
Other liabilities$1,445$12,389
Total liabilities and net assets/fund balances$693,618$666,222$660,940
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$9,666
Net capital loss$0$-6,156$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$80
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$80
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$215,690$267,488$266,284
Net value of noncharitable-use assets$263,476$262,290
Minimum investment return$10,623$13,174$13,115
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$13,115$663$820$0$14,598
Qualifying distributions made directly for active conduct of exempt activities$12,600$12,910$11,200$0$36,710
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$8,743$8,782$7,082$6,272$30,879
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$3,453$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Eugene And Kristine Hughes Charitable Foundation to others? (optional)
  
Add photo of Eugene And Kristine Hughes Charitable Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Plaza De Panama Committee5451 Avenida Encinas Ste A, Carlsbad, CA 92008-4413CA2010-11$6,040,000
2Chesapeake Conservancy Inc716 Giddings Ave Ste 42, Annapolis, MD 21401-1421MD2008-07$3,875,835
3The Greenwood Gardens & Nature274 Old Short Hills Rd, Short Hills, NJ 07078-2100NJ2003-07$1,618,392
4Sierra Buttes Trail StewardshipPO BOX 268, Clio, CA 96106-0268CA2005-12$1,208,983
5Lake County Umbrella Watershed CouncilPO BOX 235, Paisley, OR 97636-0235OR2010-04$1,085,263
6Crestmont Farm Land Trust5060 Sw Philomath Blvd Ste 504, Corvallis, OR 97333-3239OR2014-08$1,046,443
7Seventy-Five North Revitalization Corporation4383 Nicholas St Ste 204, Omaha, NE 68131-1009NE2011-09$1,015,407
8Friends Of Thepend Doreille Bay Trail IncPo Box 1607, Sandpoint, ID 83864ID2011-02$823,183
9Town Lake Trail FoundationPO BOX 5195, Austin, TX 78763-5195TX2003-09$821,448
10Stewardship Partners1411 4th Ave Ste 1425, Seattle, WA 98101-4603WA1999-10$746,084
11Arthur Banks Tr572 Essex St, Beverly, MA 01915-1530MA2014-03$575,064
12Midway Boosters IncPO BOX 557, Midway, UT 84049-0557UT2008-04$484,510
13Eugene And Kristine Hughes Charitable Foundation170 S Main St Ste 250, Salt Lake Cty, UT 84101-3640UT1998-12$148,467
14Wasatch Trails Alliance628 E 250 S, Heber City, UT 84032-2149UT2012-04$18,055
15Revolution United802 S Jefferson St, Salt Lake Cty, UT 84101-2910UT2013-02$12,350
16Highland City Foundation5400 West Civic Center Drive, Highland, UT 84003-3855UT2013-09$4,000
17Friend Of Jordanelle1375 W Quail Meadows Rd 22, Park City, UT 84098-5947UT2006-02$0
18Save Rural Riverton, Riverton United12183 S Hickory Park Circle, Riverton, UT 84096UT2005-12$0
19Utah Trails Association1865 Cooper St, Kaysville, UT 84037-9698UT2009-09$0
20Utah Valley Earth Forum2608 E Canyon Crest Drive, Spanish Fork, UT 84660UT2014-02$0
Number of organizations performing similar types of work
Alaska5
Alabama25
Arkansas17
Arizona16
California120
Colorado37
Connecticut8
District of Columbia16
Delaware5
Florida52
Georgia41
Hawaii9
Iowa23
Idaho8
Illinois30
Indiana24
Kansas10
Kentucky12
Louisiana19
Massachusetts40
Maryland28
Maine8
Michigan30
Minnesota32
Missouri24
Mississippi6
Montana13
North Carolina31
North Dakota2
Nebraska9
New Hampshire7
New Jersey22
New Mexico13
Nevada8
New York85
Ohio43
Oklahoma12
Oregon22
Pennsylvania63
Rhode Island4
South Carolina22
South Dakota7
Tennessee16
Texas73
Utah9
Virginia24
Vermont5
Washington39
Wisconsin26
West Virginia10
Wyoming9
International4
Total1,223

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Eugene And Kristine Hughes Charitable Foundation and has no official or unofficial affiliation with Eugene And Kristine Hughes Charitable Foundation