Both Hands Foundation
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$4,125,000.00
Projected Expenses
$4,232,250.00
Organizational Budgets and Other Documents
| 2024 Projected Budget | 2024 |
| 2023 Projected Budget | 2023 |
| 2022 Projected Budget | 2022 |
| 2021 Projected Budget | 2021 |
| 2020 Projected Budget | 2020 |
| 2019 Projected Budget | 2019 |
| 2018 Projected Budget | 2018 |
| 2017 Projected Budget | 2017 |
| 2016 Projected Budget | 2016 |
| 2015 Projected Budget | 2015 |
| 2011 Projected Budget | 2011 |
IRS Letter of Exemption
| both hands foundation irs letter of determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $4,051,359.00 | $2,624,487.00 | $2,548,957.00 |
| Total Expenses | $2,960,869.00 | $2,066,775.00 | $1,854,720.00 |
| Revenue Less Expenses | $1,090,490.00 | $557,712.00 | $694,237.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $317,250.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,527,924.00 | $2,516,916.00 | $2,505,983.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $107,849.00 | $29,732.00 | $5,672.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $96,015.00 | $71,477.00 | $36,810.00 |
| Other | $2,321.00 | $6,362.00 | $1,122.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,491,178.00 | $1,658,386.00 | $1,516,482.00 |
| Administration Expense | $236,036.00 | $135,524.00 | $119,411.00 |
| Fundraising Expense | $233,655.00 | $272,865.00 | $218,827.00 |
| Total Revenue/Total Expenses | 137% | 127% | 137% |
| Program Expense/Total Expenses | 84% | 80% | 82% |
| Fundraising Expense/Contributed Revenue | 8% | 13% | 12% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,527,924.00 | Contributions, Gifts, and Grants $2,516,916.00 | Contributions, Gifts, Grants $2,505,983.00 |
| Second Highest Funding Source & Dollar Amount | Foundation and Corporations $317,250.00 | Noncash Contributions $71,477.00 | Noncash Contributions $36,810.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $107,849.00 | Investment Income $29,732.00 | Interest Income $5,672.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,479,324.00 | $3,312,806.00 | $2,731,028.00 |
| Current Assets | $3,414,354.00 | $2,558,088.00 | $2,690,684.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $7,434.00 | $5,445.00 | $13,437.00 |
| Total Net Assets | $4,471,890.00 | $3,307,361.00 | $2,717,591.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Form 990s
Audit Documents
| BHF Audit 2023 | 2023 |
| BHF Audit 2022 | 2022 |
| BHF Audit 2021 | 2021 |
| BHF Audit 2020 | 2020 |
| BHF Audit 2019 | 2019 |
| BHF Audit 2018 | 2018 |
| BHF Audit 2017 | 2017 |
| BHF Audit 2016 | 2016 |
| BHF Audit 2015 | 2015 |
| BHF Audit 2014 | 2014 |
| BHF Audit 2013 | 2013 |
| BHF Audit 2012 | 2012 |
CEO/Executive Director/Board Comments
| The current income and expenses number listed on this profile reflect the operating budget of Both Hands. You will notice additional income/expenses for gift-in-kind contributions for Both Hands projects, as well as income/expenses for Both Hands Adoption/Project Funds Received/Disbursed. Prior to 2013, a partner organization managed the funds raised through Both Hands projects. Since April 2013, Both Hands now manages the funds received for 50% of our projects, thus increasing the income/expenses in our full budget since 2013. This also required an increase in administrative expenses on the operating budget. |
Foundation Staff Comments
| 2012 Financial Figures are taken from financial statements provided by organization. Expenses are not broken down between programs and administrative. 2013 Financial Figures are taken from a compilation report. Foundation and corporate grants may be included in Individual Contribution as these are not separated in Form 990. Starting in 2014, financial figures are taken from Form 990. Form 990 prepared by Thomason Financial Resources. Comments provided by Hayley Sulfridge 6/4/24. |
