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Hand Surgery Endowment Charitable Foundation

Tax-deductible

Beverly, MA501(c)(3)Foundations & Grantmakers EIN 37-1355162Revenue $525K in FY2024

On file with the IRShandsurgery.org500 Cummings Ctr Ste 4400, 01915-6518 · Beverly, MATax-exempt since Jun 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Promoting global Hand health

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $179K a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Plus $2.0M in investments, Pt X · Ln 11–13
Looks good: 22.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$525K
+198% vs prior year
Spent
$88K
To programs
76%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$525K
FY2024▲ +198%
Tap a bar for its year
Revenue by fiscal year
FY2020$327K
FY2021$104K
FY2022$77K
FY2023$176K
FY2024$525K
Expenses
$88K
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$36K
FY2021$23K
FY2022$53K
FY2023$114K
FY2024$88K
Net assets
$2.1M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.7M
FY2023$2.0M
FY2024$2.1M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $67K Management & general 24% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas B Hughes MD
President/Vice President
$0Pt VII · Sec A
Julie E Adams MD
Past President/President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trent Gause MD
Active Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Adam Crelling Otrl Cht
Affiliate Member
$0Pt VII · Sec A
See Hand Surgery Endowment Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds research, volunteerism, and organizations advancing global hand surgery and therapy.

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Provided by the organization

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1 program · $67K · in their own filed words · FY2024
01

The endowment makes grants and provides support to organizations and individuals in the realm of hand care surgery and therapy, for international hand care volunteerism, and to pursue academic research in hand care.

$67Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
American Association for Hand Surgery INCFY2023$70K
Amazonsmile FoundationFY2023$11
Total grants receivedfrom 2 funders$70K
Grants paid · 23 grants · $158K · 2020–2024
Mayo ClinicMN · FY2024$15,000
New York Society for the Relief of Ruptured & Crippled MaintainingNY · FY2024$15,000
Loloma FoundationCA · FY2024$7,100
Unitemized GrantFY2024$4,502
Unitemized GrantFY2024$3,015
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$518
Unitemized GrantFY2023$17,745
Unitemized GrantFY2023$11,866
Unitemized GrantFY2023$10,000
Emory UniversityGA · FY2023$10,000
Resurge InternationalCA · FY2023$7,000
Surgi-Corps InternationalPA · FY2023$5,168
Unitemized GrantFY2023$368
The Board of Trustees of the Leland Stanford Junior UniversityCA · FY2022$10,000
Guatemala Healing Hands Foundation INCNY · FY2022$10,000
Plastic Surgery FoundationIL · FY2022$10,000
See all 23 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$525K
Ln 12
Investment incomeLn 3$489K
Gifts and grantsLn 1h$36K
Money outPt IX
$88K
Ln 25
Programscol B$67K
Managementcol C$21K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$2.1M
LiabilitiesLn 26$6K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Investment incomeLn 3$489K
Gains on assetsLn 7$433K
Total revenueLn 12$525K
Assets in detailPt X, end of year
CashLn 1$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.1M
LiabilitiesLn 26$6K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$137K$163K
InvestmentsLn 11–13$1.8M$2.0M
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$14K$6K
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$41K$41K
Grants to domestic individualsLn 2$10K$10K
Grants and assistance to foreign recipientsLn 3$16K$16K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$8K$8K
Office expensesLn 13$1K$1K
InsuranceLn 23$250$250
Total functional expensesLn 25$88K$67K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $525K$88K$437K$2.1M 990 PDF
FY2023 $176K$114K$62K$2.0M 990 PDF
FY2022 $77K$53K$24K$1.7M 990 PDF
FY2021 $104K$23K$81K$2.0M 990 PDF
FY2020 $327K$36K$291K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $525,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,735$35,783
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $47,293$489,335
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $176,028$525,118
I-13 Grants and similar amounts paidPrior year $93,195$67,112
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,464$20,823
I-18 Total expensesPrior year $113,659$87,935
I-19 Revenue less expensesPrior year $62,369$437,183
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $525,118 across 5 lines filed
VIII-1f All other contributions, gifts and grants$35,783
VIII-1h Total contributions, gifts and grants$35,783
VIII-3 Investment incomeExcluded from tax $56,199$56,199
VIII-7 Net gain or loss on sales of assetsExcluded from tax $433,136$433,136
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $489,335$525,118
Part IX · Statement of functional expenses $87,935 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $40,792$40,792
IX-2 Grants to domestic individualsPrograms $10,035$10,035
IX-3 Grants and assistance to foreign recipientsPrograms $16,285$16,285
IX-11c Accounting feesManagement $12,000$12,000
IX-11f Investment management feesManagement $7,531$7,531
IX-13 Office expensesManagement $1,042$1,042
IX-23 InsuranceManagement $250$250
IX-25 Total functional expensesPrograms $67,112 · Management $20,823 · Fundraising $0$87,935
Part X · Balance sheet $2,140,707 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $136,545$163,190
X-3 Pledges and grants receivableStart of year $3,250$3,250
X-4 Accounts receivableStart of year $88,381$8,911
X-11 Publicly traded securitiesStart of year $1,767,826$1,965,356
X-16 Total assetsStart of year $1,996,002$2,140,707
X-17 Accounts payable and accrued expensesStart of year $14,109$5,904
X-26 Total liabilitiesStart of year $14,109$5,904
X-27 Net assets without donor restrictionsStart of year $1,865,048$2,010,348
X-28 Net assets with donor restrictionsStart of year $116,845$124,455
X-32 Total net assets or fund balancesStart of year $1,981,893$2,134,803
X-33 Total liabilities and net assetsStart of year $1,996,002$2,140,707
Part XI · Reconciliation of net assets $2,134,803 net assets at year end
XI-1 Total revenue$525,118
XI-2 Total expenses$87,935
XI-3 Revenue less expenses$437,183
XI-4 Net assets at start of year$1,981,893
XI-5 Net unrealized gains (losses) on investments−$284,273
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,134,803

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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