Handshake Foundation Trust 15016199
- Assets
- $268.3k
- Revenue
- $17.0k
- Investments
- $248.7k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 04-6931913
Organization Overview
Handshake Foundation Trust 15016199 is located in Boston, MA. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handshake Foundation Trust 15016199 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, Handshake Foundation Trust 15016199 generated $17.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $22.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Handshake Foundation Trust 15016199 has awarded 42 individual grants totaling $138,500. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James V Righter Trustee | 1 | $0 | |
Eliot Righter Ramos Trustee | 1 | $0 | |
Mark H Righter Trustee | 1 | $0 | |
Anne R Righter Trustee | 1 | $0 | |
Thomas R Appleton Trustee | 1 | $897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,313 |
| Capital Gain Net Income | $13,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $897 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,255 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $22,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606 |
| Savings and temporary cash investments | $19,000 |
| 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 | $268,264 |
| 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, Handshake Foundation Trust 15016199 has awarded $20,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RED HOOK ART PROJECT PURPOSE: GENERAL | $4,000 |
BREGAMOS COMMUNITY THEATER PURPOSE: GENERAL | $4,000 |
NORTH EAST COMMUNITY CENTER PURPOSE: GENERAL | $4,000 |
RETI CENTER FBO BROOKLYN BLUEGREEN JOBS FOR YOUTH AND ENVIRONMENT PURPOSE: BROOKLYN BLUE/GREEN JOBS FOR YOUTH AND ENVIRONMENT | $4,000 |
VENESUELANS AND IMMIGRANTS AID INC PURPOSE: GENERAL | $4,000 |