Hand Foundation
- Assets
- $3.7k
- Revenue
- $11.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 01/1996
- Data as of
- 12/2018
- EIN
- 76-0114173
Organization Overview
Hand Foundation is located in Spring, TX. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2018, Hand Foundation generated $11.3k 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 (11.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. DONATIONS ARE MADE TO RELIGIOUS INSTITUTIONS AND THE FOUNDATION HAS NO CONTROL OVER USE OF FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don E Hand Trustee | 0 | $0 | |
Don E Hand Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,321 |
| 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 | $11,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,460 |
| Contributions, gifts, grants paid | $2,059,475 |
| Total expenses and disbursements | $2,060,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,678 |
| 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 | $3,678 |
| 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, Hand Foundation has awarded $2,059,475 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DON HAND FOUNDATION PURPOSE: CHARITY: UNRESTRICTED | $2,048,175 |
JOHN WESLEY METHODIST CHURCH PURPOSE: CHARITY: UNRESTRICTED | $10,000 |
KDA PURPOSE: CHARITY: UNRESTRICTED | $500 |
MEALS ON WHEELS FOR GREATER HOUSTON PURPOSE: CHARITY: UNRESTRICTED | $200 |
NORTHWEST ASSISTANCE MINISTRIES PURPOSE: CHARITY: UNRESTRICTED | $200 |
STAR OF HOPE PURPOSE: CHARITY: UNRESTRICTED | $200 |