Hand Foundation Inc
- Assets
- $751.0k
- Revenue
- $17.3k
- Investments
- $716.1k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 03/1975
- Data as of
- 12/2022
- EIN
- 23-7442979
Organization Overview
Hand Foundation Inc is located in Chattanooga, TN. The organization was established in 1975. 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. 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, Hand Foundation Inc generated $17.3k 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 (19.1%) each year. All expenses for the organization totaled $78.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hand Foundation Inc has awarded 294 individual grants totaling $580,202. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura B Doley Director | 0 | $0 | |
William E Brock IV Director | 0 | $0 | |
Oscar H Brock Director | 5 | $10,000 | |
John Kruesi Brock Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $12,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,285 |
| Capital Gain Net Income | $4,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,151 |
| Total operating and administrative expenses | $27,628 |
| Contributions, gifts, grants paid | $50,515 |
| Total expenses and disbursements | $78,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,764 |
| Savings and temporary cash investments | $27,411 |
| 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 | $741 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $751,015 |
| 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 Foundation Inc has awarded $50,515 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK CREEK BENEFITS PURPOSE: UNRESTRICTED GRANT | $3,000 |
AMERICAN RED CROSS PURPOSE: UNRESTRICTED GRANT | $6,000 |
ANNAPOLIS MARITIME MUSEUM PURPOSE: UNRESTRICTED GRANT | $2,500 |
CAL RIPKEN SR FOUNDATION PURPOSE: UNRESTRICTED GRANT | $7,500 |
CHATTANOOGA GIRLS LEADERSHIP ACADEMY PURPOSE: UNRESTRICTED GRANT | $500 |
CHATTANOOGA ROTARY CLUB PURPOSE: UNRESTRICTED GRANT | $815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sam And Marion Golden Helping Hand Foundation Inc Roanoke, VA | $22,441,919 | $680,108 |
Southeastern Hand Club Winston Salem, NC | $128,263 | $0 |
Joint Neighborhood Ministry St Louis, MO | $7,883 | $0 |
Hand Foundation Inc Chattanooga, TN | $751,015 | $17,287 |
Home Medical Equipment Services Joplin, MO | $0 | $0 |
Connor Hand Foundation Inc Highlands, NC | $0 | $0 |