First Hand Foundation
- Assets
- $32.2m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Kansas City, MO
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 43-1725294
Organization Overview
First Hand Foundation, operating under the name Cerner Charitable Foundation, is located in Kansas City, MO. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Cerner Charitable Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cerner Charitable 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, Cerner Charitable Foundation generated $15.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cerner Charitable Foundation has awarded 107 individual grants totaling $4,157,438. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HEALTHIER TOMORROWS AND STRONGER COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERNER CHARITABLE FOUNDATION'S CASE GRANTS PROGRAM PROVIDES FUNDING FOR CHILDREN TO RECEIVE NEEDED CARE. THE GRANTS FILL THE GAPS IN ACCESS TO CARE.
CERNER CHARITABLE FOUNDATION MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS WITH THE RELATED MISSION OF DIRECTLY IMPACTING THE STATUS OF A YOUNG LIFE.
THE DONOR-ADVISED FUNDS PROGRAM ALLOWS CONTRIBUTORS TO ADVISE THE DONATION OF GRANTS TO NONPROFITS OF THEIR CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mayerson Chairman | OfficerTrustee | 1 | $0 |
Colleen Cassity Treasurer | OfficerTrustee | 1 | $0 |
Shanna Adamic Executive Director | Officer | 40 | $192,126 |
Adam Williams Graphic Designer | 37 | $69,656 | |
Josh Wright Finance Manager | 40 | $129,322 | |
Mollie Robinson Program Manager | 18 | $46,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,364,929 |
| Related organizations | $1,085,667 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,168,925 |
| Noncash contributions included in lines 1a–1f | $1,086,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,619,521 |
| Total Program Service Revenue | $0 |
| Investment income | $609,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,988,599 |
| Net Income from Fundraising Events | -$543,794 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,673,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,663,392 |
| Grants and other assistance to domestic individuals. | $977,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,549,171 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,156 |
| Compensation of current officers, directors, key employees. | $84,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,993 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,657 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,550 |
| Office expenses | $63,497 |
| Information technology | $80,643 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,977 |
| All other expenses | $0 |
| Total functional expenses | $6,589,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,942 |
| Savings and temporary cash investments | $426,651 |
| Pledges and grants receivable | $11,000 |
| Accounts receivable, net | $21,485 |
| 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 | $52,508 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,006,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,209,141 |
| Accounts payable and accrued expenses | $306,067 |
| Grants payable | $239,608 |
| Deferred revenue | $5,000 |
| 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 | $550,675 |
| Net assets without donor restrictions | $31,637,103 |
| Net assets with donor restrictions | $21,363 |
| 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 | $32,209,141 |
Grants Awarded
Over the last fiscal year, First Hand Foundation has awarded $2,306,374 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHE KIDS INSTITUTE PURPOSE: PROGRAM SUPPORT | $897,100 |
MILITARY FAMILY ADVISORY NETWORK PURPOSE: PROGRAM SUPPORT | $200,000 |
THE ELIZABETH DOLE FOUNDATION PURPOSE: PROGRAM SUPPORT | $250,000 |
ST SABINA WELLNESS CENTER PURPOSE: PROGRAM SUPPORT | $100,000 |
NORTHLAND CHRISTIAN EDUCATION SYSTEM PURPOSE: PROGRAM SUPPORT | $65,000 |
CHILDREN'S MEDICAL CENTER FOPUNDATION PURPOSE: PROGRAM SUPPORT | $62,500 |