Handshouse Studio Inc
- Assets
- $74.5k
- Revenue
- $60.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwell, MA
- Founding
- 02/2004
- Data as of
- 06/2023
- EIN
- 04-3715575
Organization Overview
Handshouse Studio Inc is located in Norwell, MA. The organization was established in 2004. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handshouse Studio Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Handshouse Studio Inc generated $60.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $78.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTRE DAME PROJECT- A HANDS-ON PROJECT TO RECONSTRUCT HAND-HEWN WOODEN TRUSSES MODELED AFTER THOSE THAT ONCE SUPPORTED THE ROOF OF THE NOTRE DAME DE PARIS CATHEDRAL.
SYNAGOGUE PROJECT - BUILDING A DIGITAL ARCHIVE/VIRTUAL TOUR OF THE GWOZDZIEC SYNAGOGUGE PROJECT, TO MAKE THE PROJECT RESEARCH ACCESSIBLE TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Brown Executive Di | 35 | $35,000 | |
Rick Brown Director/pre | 35 | $0 | |
Laura Brown Director/tre | 35 | $0 | |
Robert Duarte Board Member | 4 | $0 | |
Joel C Mccarty Board Member | 1 | $0 | |
Adriana Katzew Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,185 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$576 |
| Other Income | $38,947 |
| Total Revenue | $60,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,686 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $1,389 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25 |
| Printing and publications | $0 |
| Other expenses | $38,991 |
| Total operating and administrative expenses | $78,201 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $78,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,785 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,750 |
| Other assets | $0 |
| Total assets | $74,535 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |