The Invisible Hand Foundation
- Assets
- $336.6m
- Revenue
- $78.9m
- Investments
- $336.6m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/2014
- Data as of
- 09/2021
- EIN
- 46-1550110
The information for The Invisible Hand Foundation is as of the organization's most recent filing in September '15. This organization is located in Riverside, CT. It has been in existence for 1 year, following its founding in 2014.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Invisible Hand Foundation's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization, which is described by the IRS as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Francis Barry III Trustee | 5 | $0 | |
Daria Becker Barry Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,371,228 |
| Interest on Savings | $49 |
| Dividends & Interest | $22,552,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26 |
| Capital Gain Net Income | $26 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,923,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $211,934 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $215,253 |
| Contributions, gifts, grants paid | $11,682,100 |
| Total expenses and disbursements | $11,897,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61 |
| 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 | $336,578,399 |
| 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, The Invisible Hand Foundation has awarded $11,682,100 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, NJ PURPOSE: EDUCATION | $4,119,154 |
New York, NY PURPOSE: EDUCATION | $3,583,517 |
Washington, DC PURPOSE: EMPOWER COMMUNITY BASED LEADERS TO REDUCE CRIME AND VIOLENCE | $1,500,000 |
Santa Monica, CA PURPOSE: MEDICAL RESEARCH | $864,429 |
CATHEDRAL OF ST JOHN THE BAPTIST (PATERSON NJ DIOSE) PURPOSE: RELIGOUS ORGANIZATION. FUNDING FOR AFTER SCHOOL PROGRAM | $200,000 |
CONNECTICUT FUND FOR THE ENVIRONMENT - SAVE THE SOUND PURPOSE: ENVIRONMENTAL PROTECTION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |