Invisible Hand Foundation Inc
- Assets
- $61.1k
- Revenue
- $212.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/2017
- Data as of
- 09/2023
- EIN
- 47-5512248
Organization Overview
Invisible Hand Foundation Inc is located in Bethesda, MD. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 09/2023, Invisible Hand Foundation Inc generated $212.6k 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 (3.7%) each year. All expenses for the organization totaled $281.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Invisible Hand Foundation Inc has awarded 1,029 individual grants totaling $2,484,624. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDS TO POOR, DISTRESSED, AND UNDERPRIVILEGED PEOPLE TO PROVIDE ASSISTANCE WITH BASIC NEEDS SUCH AS HOUSING, MEDICAL CARE, TRANSPORTATION, AND CLOTHING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxana Pierce Director/coo | 10 | $0 | |
John Pierce Comptroller | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $211,969 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $643 |
| Total Revenue | $212,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,249 |
| Pension plans, employee benefits | $3,547 |
| Interest | $0 |
| Taxes | $4,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $979 |
| Printing and publications | $0 |
| Other expenses | $30,567 |
| Total operating and administrative expenses | $110,658 |
| Contributions, gifts, grants paid | $171,045 |
| Total expenses and disbursements | $281,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,054 |
| 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 | $61,054 |
| 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 $171,045 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
INFORMATION ON FILE - AVAILABLE UPON REQUEST PURPOSE: CHARITABLE | $7,734 |
INFORMATION ON FILE - AVAILABLE UPO PURPOSE: CHARITABLE | $3,229 |
INFORMATION ON FILE - AVAILABLE UPON REQUEST PURPOSE: CHARITABLE | $5,000 |
INFORMATION ON FILE - AVAILABLE UPON REQUEST PURPOSE: CHARITABLE | $1,000 |
INFORMATION ON FILE - AVAILABLE UPO PURPOSE: CHARITABLE | $8,293 |
INFORMATION ON FILE - AVAILABLE UPO PURPOSE: CHARITABLE | $26 |