Invisible Hand Foundation Inc
- Assets
- $148.4k
- Revenue
- $156.5k
- Investments
- $16.3k
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-5791133
Organization Overview
Invisible Hand Foundation Inc is located in Kennesaw, GA. The organization was established in 2007. 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. Invisible Hand Foundation 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 12/2022, Invisible Hand Foundation Inc generated $156.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $69.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Invisible Hand Foundation Inc has awarded 12 individual grants totaling $502,454. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE HOMELEESS WHO ARE LIVING ON THE STREETS - DIRECT CONTRIBUTIONS $13,548(1 ORGANIZATION-MOBILE LOAVES & FISHES)
THROUGH LOVE AND LITERACY, ADVOCATE FOR A BETTER FUTURE FOR STUDENTS, BECAUSE EVERY CHILD DESERVES TO READ BETTER AND DREAM BIGGER. DIRECT CONTRIBUTIONS $12,407(1 ORGANIZATION-STAIR)
PARTNERING WITH PEOPLE IN VILLAGES TO HELP THEM BUILD THEIR OWN SCHOOLS. DIRECT CONTRIBUTIONS $10,920(1 ORGANIZATION-VILLAGE SCHOOLS INTERNATIONAL)
RESCUING MEN AND WOMEN OUT OF HOMELESSNESS AND SEX TRAFFICKING, WHILE PREVENTING CHILDREN AND VULNERABLE INDIVIDUALS FROM FALLING VICTIM. DIRECT CONTRIBUTIONS $10,471(1 ORGANIZATION-FRONTLINE RESPONSE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew D Burton Director | 1 | $0 | |
David Hall Director | 1 | $0 | |
Luke Doran Burton Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,136 |
| Interest on Savings | $130 |
| Dividends & Interest | $238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $970 |
| Capital Gain Net Income | $970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $69,454 |
| Total expenses and disbursements | $69,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,070 |
| Net Accounts receivable | $12 |
| 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 | $148,394 |
| 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, Invisible Hand Foundation Inc has awarded $69,454 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MULTIPLE MYELOMA RESEARCH FOUNDATION PURPOSE: FOCUSED ON ACCELERATING A CURE FOR EACH AND EVERY MULTIPLE MYELOMA PATIENT. | $6,025 |
VILLAGE SCHOOLS INTERNATIONAL PURPOSE: PARTNERING WITH PEOPLE IN VILLAGES TO HELP THEM BUILD THEIR OWN SCHOOLS. | $10,920 |
HOPE UNLIMITED FOR CHILDREN PURPOSE: TRANSFORMING THE LIVES OF CHILDREN AT MORTAL RISK, PROVIDING THEM AND THEIR FUTURE GENERATIONS A PRODUCTIVE FUTURE AND ETERNAL HOPE. | $5,671 |
STAIR PURPOSE: THROUGH LOVE AND LITERACY, ADVOCATE FOR A BETTER FUTURE FOR OUR STUDENTS, BECAUSE EVERY CHILD DESERVES TO READ BETTER AND DREAM BIGGER. | $12,407 |
FREE RANGER BURMA PURPOSE: THE FREE BURMA RANGERS IS A MULTI-ETHNIC HUMANITARIAN SERVICE MOVEMENT WORKING TO BRING HELP, HOPE, AND LOVE TO PEOPLE IN THE CONFLICT ZONES OF BURMA, IRAQ, AND SUDAN. | $5,195 |
MOBILE LOAVES & FISHES PURPOSE: SERVING THE HOMELEESS WHO ARE LIVING ON THE STREETS | $13,548 |