Ver-A-Fast By The Hand Foundation Inc
- Assets
- $2.1m
- Revenue
- $669.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Rocky River, OH
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 34-1634929
Organization Overview
Ver-A-Fast By The Hand Foundation Inc is located in Rocky River, OH. The organization was established in 1991. 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. Ver-A-Fast By The 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 12/2021, Ver-A-Fast By The Hand Foundation Inc generated $669.5k in total revenue. All expenses for the organization totaled $256.0k during the year ending 12/2021. While expenses have increased by 45.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ver-A-Fast By The Hand Foundation Inc has awarded 111 individual grants totaling $343,163. 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 |
|---|---|---|---|
Cathleen Soprano Trustee | 0 | $0 | |
Robert Bensman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $656,833 |
| Interest on Savings | $58 |
| Dividends & Interest | $11,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $725 |
| Total Revenue | $669,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,479 |
| Total operating and administrative expenses | $60,461 |
| Contributions, gifts, grants paid | $195,548 |
| Total expenses and disbursements | $256,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,291 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,066,226 |
| 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, Ver-A-Fast By The Hand Foundation Inc has awarded $195,548 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Troy, OH PURPOSE: ELIMINATE LEARNING LOSS K-5TH GRADE | $101,000 |
SEE ATTACHED FOR ADDITIONAL PURPOSE: SEE ATTACHED | $81,813 |
VER-A-FAST BTH FOUNDATION PURPOSE: ASSISTANCE TO THE UNDERPRIVILEDGED | $2,800 |
UNITED CEREBRAL PALSY PURPOSE: ADVANCE INDIVIDUALS WITH CEREBRAL PA | $2,650 |
ST JUDE'S CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S CANCER RESEARCH | $1,150 |
Coconut Creek, FL PURPOSE: ASSISTANCE TO THE UNDERPRIVILEGED | $1,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Association Of Career Technical Superintendents Morrow, OH | $626,236 | $367,369 |
Ver-A-Fast By The Hand Foundation Inc Rocky River, OH | $2,066,226 | $669,501 |
Michigan Rheumatism Society East Lansing, MI | $847,415 | $184,478 |
Hand Family Foundation Inc Warsaw, IN | $1,882,952 | $171,353 |
Hand In Hand Foundation Royal Oak, MI | $87,184 | $37,291 |
Women Hand In Hand Inc Youngstown, OH | $12,661 | $0 |