Hand Rehabilitation Foundation
- Assets
- $1.6m
- Revenue
- $860.0k
- Investments
- $822.5k
- Employees
- 4
- Location
- Rockledge, PA
- Founding
- 04/1977
- Data as of
- 12/2022
- EIN
- 23-2000134
Organization Overview
Hand Rehabilitation Foundation is located in Rockledge, PA. The organization was established in 1977. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hand Rehabilitation Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hand Rehabilitation 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 12/2022, Hand Rehabilitation Foundation generated $860.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $786.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HAND SURGERY, REHABILITATION AND THERAPY EDUCATION INCLUDING RESEARCH, TRAINING AND SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM FEES AND REGISTRATIONS, PROFESSIONAL EDUCATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Lee Osterman President | OfficerTrustee | 0 | $0 |
Andrew B Cooney CPA Treasurer | OfficerTrustee | 0 | $0 |
David S Zelouf MD Vice President & Secretary | OfficerTrustee | 0 | $0 |
Eon K Shin MD Director | Trustee | 0 | $0 |
Evelyn J Mackin Pt Director | Trustee | 0 | $0 |
John M Bednar MD President Emeritus | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,556 |
| Total Program Service Revenue | $712,969 |
| Investment income | $31,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,598 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,010 |
| Pension plan accruals and contributions | $2,212 |
| Other employee benefits | $5,629 |
| Payroll taxes | $4,160 |
| Fees for services: Management | $11,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,500 |
| Office expenses | $39,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,924 |
| Travel | $5,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65 |
| Insurance | $3,093 |
| All other expenses | $7,059 |
| Total functional expenses | $786,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,889 |
| Savings and temporary cash investments | $62,862 |
| Pledges and grants receivable | $63,810 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $139,795 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $822,527 |
| Investments—program-related | $0 |
| Intangible assets | $184 |
| Other assets | $8,856 |
| Total assets | $1,619,923 |
| Accounts payable and accrued expenses | $125,505 |
| Grants payable | $0 |
| Deferred revenue | $253,161 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $378,666 |
| Net assets without donor restrictions | $840,662 |
| Net assets with donor restrictions | $400,595 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,619,923 |