Hand Foundation
- Assets
- $10.2m
- Revenue
- $179.1k
- Investments
- $8.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2003
- Data as of
- 06/2023
- EIN
- 56-2403164
Organization Overview
Hand Foundation is located in Wilmington, DE. The organization was established in 2003. 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. Hand Foundation 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 06/2023, Hand Foundation generated $179.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $330.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hand Foundation has awarded 259 individual grants totaling $3,605,511. 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
NOROOZ OUTREACH PROJECT - TO EDUCATE THE PUBLIC ABOUT AND SHARE THE PERSIAN NEW YEAR IN THE US, HENCE ADVANCING DIVERSITY AND INCLUSION IN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nasrin Hashemi Dir, Treas | 1 | $0 | |
Noosheen Hashemi Dir, Pres | 1 | $0 | |
Farzad Nazem Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38,399 |
| Dividends & Interest | $140,665 |
| 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 | $0 |
| Total Revenue | $179,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,444 |
| Total operating and administrative expenses | $61,944 |
| Contributions, gifts, grants paid | $268,500 |
| Total expenses and disbursements | $330,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,980,085 |
| 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 | $10,176,971 |
| 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 has awarded $268,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALIGHT PURPOSE: UKRAINE RESPONSE FUND | $5,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: RUTH BADER GINSBURG LIBERTY CENTER | $10,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION OF NORTH PURPOSE: TO SUPPORT INDIGENOUS JUSTICE | $25,000 |
BASKERVILLE INSTITUTE PURPOSE: TO PURCHASE 100 COPIES OF AN AMERICAN MARTYR IN PERSIA: THE EPIC LIFE AND TRAGIC DEATH OF HOWARD BASKERVILLE FOR DISTRIBUTION TO THE COMMUNITY | $3,000 |
CAREMESSAGE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
COLLEGE TRACK PURPOSE: CHARITABLE EVENT | $25,000 |