Hand In Hand Foundation
- Assets
- $35.9k
- Revenue
- $90.5k
- Investments
- $26.1k
- Employees
- 0
- Location
- Royal Oak, MI
- Founding
- 01/2005
- Data as of
- 11/2023
- EIN
- 20-0514227
Organization Overview
Hand In Hand Foundation is located in Royal Oak, MI. The organization was established in 2005. According to its NTEE Classification (G51) the organization is classified as: Arthritis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hand In Hand Foundation 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 11/2023, Hand In Hand Foundation generated $90.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $148.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hand In Hand Foundation has awarded 17 individual grants totaling $306,732. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAWAII DISASTER RELIEF FUNDS
MICHIGAN STATE UNIVERSITY SPONSORS A MUSIC PROGRAM DESIGNED TO ENHANCE CHILDREN'S APPRECIATE AND UNDERSTANDING OF MUSIC
FIRST UNITED METHODIST CHURCH FOR THE HOMELESS SHELTER AND FOOD BANK ACTIVITIES OF THE CHURCH
ASSISTANCE AND EMPOWERMENT FOR UNDER PRIVILEGED GIRLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex B Smith President | 5 | $0 | |
Susan Smith Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $1 |
| Dividends & Interest | $3,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,381 |
| Capital Gain Net Income | $87,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $805 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $773 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $186 |
| Printing and publications | $1,630 |
| Other expenses | $160 |
| Total operating and administrative expenses | $13,267 |
| Contributions, gifts, grants paid | $134,788 |
| Total expenses and disbursements | $148,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,839 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $35,901 |
| 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 | $38,039 |
| Total liabilities | $38,039 |
Grants Awarded
Over the last fiscal year, Hand In Hand Foundation has awarded $134,788 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN STATE UNIVERSITY PURPOSE: MUSIC EDUCATION | $10,000 |
GIRLS MATTER PURPOSE: EMPOWER YOUNG WOMEN | $13,800 |
HAWAII COMMUNITY FOUNDATION PURPOSE: DISASTER RELIEF | $7,000 |
1ST UNITED METHODIST CHURCH OF BHAM PURPOSE: HOMELESS SHELTER AND RELATED EFFORTS | $39,778 |
MISC SMALL CONTRIBUTIONS PURPOSE: HOMELESSNESS AND DISADVANTAGED PERSONS | $64,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Association Of Career Technical Superintendents Morrow, OH | $616,721 | $384,677 |
Michigan Rheumatism Society East Lansing, MI | $812,080 | $377,872 |
Ver-A-Fast By The Hand Foundation Inc Rocky River, OH | $1,244,920 | -$6,354 |
Hand Family Foundation Inc Warsaw, IN | $1,768,497 | $50,584 |
Hand In Hand Foundation Royal Oak, MI | $35,901 | $90,539 |
Women Hand In Hand Inc Youngstown, OH | $14,151 | $0 |