The Hand Foundation Incorporated
- Assets
- $38.4k
- Revenue
- $136.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 65-0118848
Organization Overview
The Hand Foundation Incorporated is located in West Palm Beach, FL. The organization was established in 1989. 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 Incorporated 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, Hand Foundation Incorporated generated $136.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $146.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hand Foundation Incorporated has awarded 189 individual grants totaling $519,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS 55 INDIVIDUALS AND 1 ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Homer J Hand President | 4 | $0 | |
Frances R Hand Vice President | 2 | $0 | |
Ruben Ledesma Jr Secretarytreasurer | 18 | $0 | |
Paul Orsenigo Vice President | 2 | $0 | |
Patrick T Altman Director | 2 | $0 | |
P Derek Orsenigo Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,000 |
| Interest on Savings | $24 |
| 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 | $136,024 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $61 |
| Contributions, gifts, grants paid | $146,500 |
| Total expenses and disbursements | $146,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $37,890 |
| 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 | $38,390 |
| 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, The Hand Foundation Incorporated has awarded $146,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
AMARA D DOWDELL PURPOSE: EDUCATIONAL | $3,000 |
DIANA D BENITEZ PURPOSE: EDUCATIONAL | $4,500 |
BRANDAN M ERICKSON PURPOSE: EDUCATIONAL | $4,000 |
HANNAH VANCE PURPOSE: EDUCATIONAL | $3,000 |
BRIANA SCARLETT PURPOSE: EDUCATIONAL | $3,000 |
KENNEDY R DESROCHERS PURPOSE: EDUCATIONAL | $3,000 |