Hughes Memorial Foundation in Collinsville, Mississippi (MS)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Mississippi
| Hughes Memorial Foundation | |
| Employer Identification Number (EIN) | 640781670 |
| Name of Organization | Hughes Memorial Foundation |
| Address | 11072 Center Hill Martin Rd, Collinsville, MS 39325-9353 |
| Activities | Museum, zoo, planetarium, etc., Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $42,030 |
| Amount of Income | $2,472 |
| Form 990 Revenue Amount | $2,472 |
Non-representatives - add comments:
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,472 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $2,072 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $400 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $6,031 | $0 | $0 | $3,617 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,031 | $0 | $3,617 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-3,559 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $42,030 | $42,030 |
| Cash - non-interest-bearing | $1,107 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $40,923 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $42,030 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| 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)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $42,033 |
| Net value of noncharitable-use assets | $41,400 |
| Minimum investment return | $2,070 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $238 | $352 | $590 |
| Qualifying distributions made directly for active conduct of exempt activities | $3,617 | $2,921 | $2,684 | $2,330 | $11,552 |
| 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 | $1,380 | $1,537 | $1,701 | $1,835 | $6,453 |
| 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 |
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| Other organizations in Mississippi | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Harvest Ministries International Inc | Po Box 653, Olive Branch, MS 38654 | MS | 1997-06 | $41,669 |
| 2 | Hunting Retriever Club Inc | 8652 Carrollton Rd, Grenada, MS 38901-9774 | MS | 1988-09 | $198,958 |
| 3 | I-69 Mid-Continent Highway Coalition Inc, Shreveport Chamber Of Commerce | PO BOX 257, Stoneville, MS 38776-0257 | MS | 1997-04 | $30,833 |
| 4 | Inland Rivers Ports And Terminals Education Program | 208 Leonhard Ave, Bay St Louis, MS 39520-3720 | MS | 1998-12 | $10,353,905 |
| 5 | Inter-American Restoration Corporation, Marc L Roark | 1203 Antler Dr, Tupelo, MS 38804-1803 | MS | 2003-07 | $472,233 |
| 6 | International Reading Association Inc, Louisiana Reading Association | 6 Bryson Lane, Carriere, MS 39426 | MS | 1965-05 | $75,295 |
| 7 | Hub Water Association | 1844 Highway 13 S, Columbia, MS 39429-8373 | MS | 1981-09 | $538,094 |
| 8 | Hugh D And Rosalie V Lucy Educational Fund | PO BOX 102, Long Beach, MS 39560-0102 | MS | 2004-08 | $2,436 |
| 9 | Hugh Obrian Youth Leadership, Mississippi Hugh Obrian Youth Found | PO BOX 2717, Jackson, MS 39207-2717 | MS | 1958-10 | $49,190 |
| 10 | Hugh Swinton Potts Irrevocable Trust | PO BOX 631, Columbus, MS 39703-0631 | MS | $377,917 | |
| 11 | Hughes Memorial Foundation | 11072 Center Hill Martin Rd, Collinsville, MS 39325-9353 | MS | 1991-01 | $2,472 |
| 12 | Hull Foundation Inc | 317 County Road 352, Greenwood, MS 38930-7291 | MS | 2001-09 | $52,005 |
| 13 | Humane Society Of South Ms | 2615 25th Ave, Gulfport, MS 39501-4832 | MS | 1967-07 | $4,637,798 |
| 14 | Humphreys County Catfish Capital Of The World Inc | PO BOX 385, Belzoni, MS 39038-0385 | MS | 1975-09 | $74,395 |
| 15 | Humphreys County Country Club | PO BOX 51, Belzoni, MS 39038-0051 | MS | 1965-05 | $106,610 |
| 16 | Humphreys County Water Assn Inc | PO BOX 218, Belzoni, MS 39038-0218 | MS | $348,201 | |
| 17 | The Hundred Club Of Jackson | 190 East Capitol Street, Jackson, MS 39201 | MS | 1965-08 | $35,221 |
| 18 | The Hundred Club Of Madison - Ridgeland Inc | PO BOX 6020, Ridgeland, MS 39158-6020 | MS | 2001-12 | $9,150 |
| 19 | Hundred Club Of Vicksburg | 609 Pittman St, Vicksburg, MS 39180-4959 | MS | 1974-11 | $1 |
| 20 | Hunting Club Inc Utica | 1891 Ernie Martin Rd, Utica, MS 39175-9047 | MS | 1968-09 | $50,257 |
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