Caring Hands Foundation Inc
- Assets
- $50.8k
- Revenue
- $43.0k
- Investments
- $50.4k
- Employees
- 0
- Location
- Durham, NC
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 45-4649909
Organization Overview
Caring Hands Foundation Inc is located in Durham, NC. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Hands 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 12/2021, Caring Hands Foundation Inc generated $43.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $31.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Caring Hands Foundation Inc has awarded 23 individual grants totaling $117,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OTHER LOCAL 501 (C) (3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Pinto President | 5 | $0 | |
Sarah Montgomery Chief Operat | 5 | $0 | |
Ashely Hester Secretary | 5 | $0 | |
Sumeyya Kahn Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,700 |
| Interest on Savings | $824 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,449 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $86 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $634 |
| Total operating and administrative expenses | $1,220 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $31,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29 |
| Savings and temporary cash investments | $352 |
| 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 | $70 |
| Other assets | $0 |
| Total assets | $50,833 |
| 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, Caring Hands Foundation Inc has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: ASSIST WITH OPERATIONS | $10,000 |
WE ARE PURPOSE: ASSIST WITH OPERATIONS | $5,000 |
Durham, NC PURPOSE: ASSIST WITH OPERATIONS | $5,000 |
STAND UP SPEAK OUT NC PURPOSE: ASSIST WITH OPERATIONS | $5,000 |
Durham, NC PURPOSE: ASSIST WITH ACTIVITIES | $2,500 |
HEARTS PURPOSE: ASSIST WITH OPERATIONS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |