Martin A Posner Hand Foundation
- Assets
- $1.4m
- Revenue
- $45.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 13-3375430
Organization Overview
Martin A Posner Hand Foundation is located in New York, NY. The organization was established in 1988. 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. Martin A Posner Hand 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 12/2021, Martin A Posner Hand Foundation generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Martin A Posner Hand Foundation has awarded 12 individual grants totaling $177,980. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Sloane Officer | 1 | $0 | |
Martin Posner Officer | 1 | $0 | |
Steven Green Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,499 |
| Interest on Savings | $2 |
| Dividends & Interest | $28,367 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,681 |
| Capital Gain Net Income | $6,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,788 |
| Printing and publications | $0 |
| Other expenses | $10,348 |
| Total operating and administrative expenses | $26,976 |
| Contributions, gifts, grants paid | $13,495 |
| Total expenses and disbursements | $40,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,106 |
| 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 | $60,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,392,345 |
| 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, Martin A Posner Hand Foundation has awarded $88,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITAL FOR JOINT DISEASE PURPOSE: FOR PATIENT CARE EDUCATION AND RESEARCH | $55,000 |
NYU LANGONE ORTHO SURGERY PURPOSE: TO PREP PATIENT CARE EDUCATIONRESEARCH | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hand Tools Institute Tarrytown, NY | $312,816 | $338,015 |
Emilys Pink Team Inc Holden, MA | $738 | $0 |
Martin A Posner Hand Foundation New York, NY | $1,392,345 | $45,549 |
Pediatric Spine Foundation Inc Ocean City, NJ | $39,209 | $0 |
The Foundation For Arthritis Treatment Smithtown, NY | $0 | $2,000 |
New York Sports Medicine Arthritis Research And Education Foundation New York, NY | $411 | $0 |