Handa Foundation Inc
- Assets
- $499.9k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 45-4516515
Organization Overview
Handa Foundation Inc is located in Plano, TX. The organization was established in 2014. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handa 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, Handa Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. 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
THE MISSION OF THE HANDA FOUNDATION IS TO ESTABLISH AND/OR MANAGE SUSTAINABLE NOT-FOR-PROFIT EDUCATIONAL INSTITUTIONS AND MEDICAL FACILITIES IN SOUTHEAST ASIA THAT BENEFIT THE UNDERPRIVILEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROVIDED TO BOTH A MEDICAL CENTER AND A TRAUMA HOSPITAL FOR THE PROVISION OF GENERAL HEALTH CARE AND ADVANCED TRAUMA CARE TO MORE THAN 25,000 PATIENTS IN TOTAL PER YEAR, EITHER FOR FREE OR AT AN AFFORDABLE RATE, BASED ON THE PATIENT'S ABILITY TO PAY. SERVICES PROVIDED IN BATTAMBANG, A PROVINCE IN NW CAMBODIA.
SUPPORT FOR THE CONSTRUCTION AND REPAIR OF BUILDINGS AT A CHILDREN'S ACADEMY IN BATTAMBANG, CAMBODIA THAT ARE USED TO PROVIDE EDUCATION AND TRAINING TO THE UNDERPRIVILEGED. INITIATIVES ON THE CAMPUS INCLUDE CLASSROOMS, SPORTS FACILITIES, FARMING EQUIPMENT AND STRUCTURES TO SUPPORT VOCATIONAL TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Midori Miyazaki Director | Trustee | 5 | $0 |
Nilesh Patel Director | Trustee | 5 | $0 |
Kevin Obrien Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $469,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $479,799 |
| Total Program Service Revenue | $1,257,201 |
| Investment income | $0 |
| 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 | $1,737,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $852,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,567 |
| Information technology | $41,718 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,832 |
| Insurance | $14,605 |
| All other expenses | $10,041 |
| Total functional expenses | $1,690,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,668 |
| Prepaid expenses and deferred charges | $11,460 |
| Net Land, buildings, and equipment | $130,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $499,923 |
| Accounts payable and accrued expenses | $160,176 |
| 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 | $0 |
| Total liabilities | $160,176 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $339,747 |
| Total liabilities and net assets/fund balances | $499,923 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Handa Foundation Inc has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Hands Relief Inc Arlington, TX | $2,480,716 | $16,870,671 |
Ekal Vidyalaya Foundation Of Usa Inc Houston, TX | $8,311,702 | $8,920,976 |
Thinkwell Institute Leander, TX | $7,820,043 | $8,446,076 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
Medical Benevolence Foundation Houston, TX | $13,521,157 | $7,702,222 |
Conflict And Development Research Fund Castroville, TX | $3,738,303 | $60,944 |
Faith In Practice Houston, TX | $14,021,764 | $10,305,990 |
Millennium Relief And Development Services Inc Bellaire, TX | $1,985,456 | $5,779,466 |
Blessings International Broken Arrow, OK | $7,020,981 | $3,899,748 |
Attack Poverty Stafford, TX | $5,706,227 | $4,502,108 |
International Educational Programs Inc San Antonio, TX | $1,237,963 | $4,073,933 |
Christian Health Service Corps Grand Saline, TX | $4,182,710 | $4,323,020 |