Open Hands Foundation
- Assets
- $333.0
- Revenue
- $172.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 27-6351003
Organization Overview
Open Hands Foundation is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hands 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, Open Hands Foundation generated $172.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $172.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Open Hands Foundation has awarded 23 individual grants totaling $131,888. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAD NO PROGRAM RELATED EXPENSES IN 2022 DUE TO THE ONGOING CONSTRAINTS POSED BY THE COVID-19 PANDEMIC.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $172,453 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $172,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $105,246 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,293 |
| Total operating and administrative expenses | $172,539 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $172,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333 |
| 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 | $333 |
| 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, Open Hands Foundation has awarded $3,106 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORPS AFRICA PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE. | $356 |
THE HIGH ATLAS FOUNDATION PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS CHARITABLE WORK IN THE US AND MOROCCO, WHICH FOCUSES PRIMARILY ON SUSTAINTABLE DEVELOPMENT. THE OPEN HANDS FOUNDATION COLLABORATED WITH THE HAF DURING THE SALAAM FELLOWSHIP IN ORDER TO PROVIDE HANDS-ON TRAINING AND INVESTIGATION IN CONFLICT RESOLUTION TO ITS SALAAM FELLOWS. | $2,500 |
FONDATION ORIENT-OCCIDENT PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS MISSION OF SUPPORTING THE INTEGRATION OF REFUGEES INTO MOROCCAN SOCIETY THROUGH CONFLICT RESOLUTION, CROSS-CULTURAL EXCHANGE, EDUCATION AND JOB CREATION. | $250 |