Blessing Hands Inc
- Assets
- $114.1k
- Revenue
- $110.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Morehead, KY
- Founding
- 07/2006
- Data as of
- 07/2021
- EIN
- 20-4794276
Organization Overview
Blessing Hands Inc is located in Morehead, KY. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessing Hands Inc 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 07/2021, Blessing Hands Inc generated $110.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $242.2k during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BLESSING HANDS SERVES POOR RURAL AND MINORITY AREAS OF SOUTH EAST ASIA PROVIDING SUPPORT TO SCHOOLS AND SCHOOL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY AND VOCATIONAL COLLEGE SCHOLARSHIP GRANTS IN SE ASIA. SOME GRANTS INCLUDED IN SECTION 4B WERE MADE THROUGH FUTURE SMILE, A NONPROFIT, WHICH WERE TO SUPPORT SCHOLARSHIPS.
EDUCATIONAL GRANTS CONSISTING OF TUITION AND SCHOOL AID PAID FOR PRIMARY, MIDDLE SCHOOL, AND HIGH SCHOOL STUDENTS. THE GRANTS INCLUDE SUPPORT OF INDIVIDUAL SCHOOLS SO THAT ALL STUDENTS CAN HAVE SCHOOL SUPPLIES, LIBRARY BOOKS, AND ART, SPORTS, AND MUSIC ITEMS. THESE PROGRAMS SERVICE CHINESE STUDENTS IN FOUR PROVINCES IN CHINA, TWEENTY-TWO STUDENTS IN ONE SCHOOL IN THE PHILLIPPINES, SIXTY-SIX STUDENTS IN THAILAND, ONE HUNDRED TWENTY THREE STUDENTS IN MYANMAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Cutts Executive Director | OfficerTrustee | 40 | $0 |
Kayla Mitchell Secretary | OfficerTrustee | 1 | $0 |
Xiaomin Mai Oney Tresurer | Officer | 5 | $0 |
Eric Zhang Vice President | Officer | 1 | $0 |
Johnathan Gay Trustee | Trustee | 1 | $0 |
Jill K Hill Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,915 |
| Investment income | $188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $201,876 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,347 |
| Payroll taxes | $1,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69 |
| Advertising and promotion | $1,000 |
| Office expenses | $1,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $242,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,746 |
| Savings and temporary cash investments | $3,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $17,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,050 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $316 |
| Total liabilities | $316 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $113,734 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Blessing Hands Inc has recieved totaling $42,983.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $37,886 |
Vitantonio Foundation Inc Aurora, OH PURPOSE: CHRISTIAN INTERNATIONAL HUMAN RELIEF | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Endowment Analysis
| Beg. Balance | $132,510 |
| Earnings | $17,457 |
| Admin Expense | $493 |
| Net Contributions | $29,778 |
| Ending Balance | $179,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |