Loris Hands Inc
- Assets
- $543.0k
- Revenue
- $446.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Newark, DE
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 45-3984559
Organization Overview
Loris Hands Inc is located in Newark, DE. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Loris Hands Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loris Hands 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 12/2022, Loris Hands Inc generated $446.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $334.7k during the year ending 12/2022. 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
LORI'S HANDS BUILDS MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN COMMUNITY MEMBERS WITH CHRONIC ILLNESS AND COLLEGE STUDENTS, FOSTERING EMPATHY, CONNECTION, AND RESILIENCE. STUDENTS PROVIDE PRACTICE ASSISTANCE TO SUPPORT COMMUNITY MEMBERS' INDEPENDENCE AT HOME, AND COMMUNITY MEMBERS SHARE THEIR HEALTH AND LIFE EXPERIENCES TO SUPPORT STUDENTS' LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, LORI'S HANDS REMAINED FOCUSED ON FOSTERING IMPACTFUL, INTERGENERATIONAL PARTNERSHIPS TO IMPROVE THE WELLBEING OF PEOPLE WITH CHRONIC ILLNESS AND TO ENHANCE THE DEVELOPMENT OF STUDENTS PREPARING FOR CAREERS IN AND OUTSIDE OF HEALTHCARE. NOTABLY, WE LAUNCHED OUR THIRD CHAPTER IN METRO DETROIT, MI. SINCE THIS TIME, WE HAVE ENGAGED THREE NEW UNIVERSITY PARTNERS AND DEVELOPED REFERRAL PARTNERSHIPS WITH MORE THAN 25 COMMUNITY ORGANIZATIONS THROUGHOUT THE METRO DETROIT REGION. WE ALSO PREPARED FOR A LEARNING COHORT TO EQUIP OTHERS THROUGHOUT THE STATE TO IMPLEMENT INTERGENERATIONAL SERVICE LEARNING PROGRAMS IN THEIR LOCAL COMMUNITIES. ACROSS OUR THREE CHAPTERS, WE ENGAGED 450 STUDENTS TO DELIVER CONSISTENT SUPPORT TO MORE THAN 230 COMMUNITY MEMBERS LIVING WITH CHRONIC ILLNESS. WE CONTINUED TO EXPAND OUR STUDENT TRAINING OFFERINGS WITH THE ADDITION OF NEW ASYNCHRONOUS TRAININGS AND SYNCHRONOUS PROFESSIONAL DEVELOPMENT OPPORTUNITIES. WE ALSO LAUNCHED AN ALUMNI COMMITTEE TO FOCUS ON ALUMNI ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Lafave President | OfficerTrustee | 5 | $0 |
Elizabeth Bonomo Treasurer | OfficerTrustee | 2 | $0 |
Alexa Rivadeneira Secretary | OfficerTrustee | 2 | $0 |
Patrick Gray Board Member | Trustee | 2 | $0 |
Michael Smith Board Member | Trustee | 2 | $0 |
Ashley Anyu Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,561 |
| Related organizations | $0 |
| Government grants | $192,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,766 |
| Total Program Service Revenue | $0 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,600 |
| Compensation of current officers, directors, key employees. | $14,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,840 |
| Pension plan accruals and contributions | $3,353 |
| Other employee benefits | $4,647 |
| Payroll taxes | $20,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,456 |
| Advertising and promotion | $107 |
| Office expenses | $5,981 |
| Information technology | $3,724 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $658 |
| Insurance | $8,910 |
| All other expenses | $0 |
| Total functional expenses | $334,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,246 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,133 |
| Investments—publicly traded securities | $3,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,035 |
| Accounts payable and accrued expenses | $1,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,896 |
| Net assets without donor restrictions | $541,139 |
| Net assets with donor restrictions | $0 |
| 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 | $543,035 |