Hughes Elite Scholars

EIN: 811798188 501(c)(3) Education

Charlotte, NC

Total Revenue
$900,581
Total Expenses
$940,378
Total Assets
$126,380
Net Assets
$126,380
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
Mrs Tamesha Hughes Frazier
Phone
2525712072
Tax Period
2024-09-01 to 2025-08-31

Hughes Elite Scholars, founded in 2021, is a small nonprofit in the Education sector that reported $901K in total revenue in fiscal year 2024.

Mission

Prepared low income, first generation and disabled individuals in moving to the next grade level, and graduate from secondary school and enter Into post secondary education by providing SAT fees, fee waivers, filling out FAFSA forms, academics advising, cultural trips, for over 150 students

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $900,581
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $900,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $523,361
Fundraising Expenses $0
Program Expenses $867,070
Other Expenses $392,994
TOTAL EXPENSES $940,378

Year-over-Year Comparison

2024 2023 Change
Revenue $900,581 $936,161 0.0%
Expenses $940,378 $885,448 +0.1%
Net Income $-39,797 $50,713 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Rhonda Covington Chairman 0.00
Director
$0 $0 $0
Dr Yaw Owusu Addo Chairman 0.00
Director
$0 $0 $0
Mrs Kesse Satterfield Secretary 0.00
Director
$0 $0 $0
Mr Darron Lille Treasurer 0.00
Director
$0 $0 $0
Mrs Tamesha Hughes Frazier Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $900,581 $940,378 $126,380 $-39,797
2024 $936,161 $885,448 $170,360 $50,713
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