Hand Family Foundation
- Assets
- $9.4m
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-0760378
Organization Overview
Hand Family Foundation is located in Spring, TX. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hand Family 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 12/2023, Hand Family Foundation generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (65.8%) each year. All expenses for the organization totaled $272.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hand Family Foundation has awarded 96 individual grants totaling $653,215. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. DONATIONS ARE MADE TO RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THE FOUNDATION HAS NO CONTROL OVER USE OF FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Leah Hand President | 2 | $0 | |
Ruth G Rowe Board Of Directors | 2 | $0 | |
Bobby Lavelle Tyer Board Of Directors | 0 | $0 | |
Brenda R Pennington Board Of Directors | 0 | $0 | |
Robert A Eckels Board Of Directors | 0 | $0 | |
Susan Hand Board Of Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,456 |
| 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 | $25,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $61 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $47,467 |
| Contributions, gifts, grants paid | $224,900 |
| Total expenses and disbursements | $272,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,252 |
| Savings and temporary cash investments | $1,593,491 |
| 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 | $7,780,000 |
| Other assets | $0 |
| Total assets | $9,389,743 |
| 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 Family Foundation has awarded $224,900 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: GENERAL FUND. | $1,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUND. | $2,500 |
BOYS & GIRLS COUNTRY PURPOSE: GENERAL FUND. | $10,000 |
JOHN WESLEY METHODIST CHURCH PURPOSE: GENERAL FUND. | $40,000 |
MAKE-A-WISH FOUNDATION PURPOSE: GENERAL FUND. | $1,000 |
HOUSTON FOOD BANK PURPOSE: GENERAL FUND. | $1,500 |