Hand Foundation Inc
- Assets
- $782.2k
- Revenue
- $52.8k
- Investments
- $702.4k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 03/1975
- Data as of
- 12/2020
- EIN
- 23-7442979
Organization Overview
Hand Foundation Inc is located in Chattanooga, TN. The organization was established in 1975. 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 Foundation 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 12/2020, Hand Foundation Inc generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $79.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hand Foundation Inc has awarded 273 individual grants totaling $529,687. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar H Brock Director | 5 | $12,000 | |
Laura B Doley Director | 0 | $0 | |
William E Brock IV Director | 0 | $0 | |
John Kruesi Brock Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $16,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,023 |
| Capital Gain Net Income | $36,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,942 |
| Contributions, gifts, grants paid | $58,187 |
| Total expenses and disbursements | $79,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,267 |
| Savings and temporary cash investments | $56,131 |
| Net Accounts receivable | $3,600 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $741 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $782,178 |
| 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 |
Grants Awarded
Over the last fiscal year, Hand Foundation Inc has awarded $56,012 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CHATTANOOGA TRACK CLUB PURPOSE: UNRESTRICTED GRANT | $13,800 |
ST ANNE'S SCHOOL OF ANNAPOLIS PURPOSE: UNRESTRICTED GRANT | $12,000 |
Baltimore, MD PURPOSE: UNRESTRICTED GRANT | $5,000 |
Annapolis, MD PURPOSE: UNRESTRICTED GRANT | $5,000 |
HISTORIC ANNAPOLIS FOUNDATION PURPOSE: UNRESTRICTED GRANT | $5,000 |
CHURCH OF THE GOOD SHEPHERD PURPOSE: UNRESTRICTED GRANT | $3,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sam And Marion Golden Helping Hand Foundation Inc Roanoke, VA | $23,962,995 | $2,117,917 |
Joint Neighborhood Ministry St Louis, MO | $7,883 | $0 |
Hand Foundation Inc Chattanooga, TN | $782,178 | $52,789 |
Home Medical Equipment Services Joplin, MO | $0 | $0 |
Southeastern Hand Club Winston Salem, NC | $222,537 | $0 |
Connor Hand Foundation Inc Highlands, NC | $0 | $0 |