Hand Surgery Endowment Charitable Foundation FY2021 filing

Tax-deductible

Beverly, MA501(c)(3)Foundations & GrantmakersEIN 37-1355162

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Promoting global Hand health

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
119 mo
of spending, in cash
Looks good: 118.8 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
$1K
0.07% 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
$104K
-68% vs prior year
Spent
$23K
To programs
36%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$104K
FY2021▼ -68%
Revenue by fiscal year
FY2020$327K
FY2021$104K
FY2022$77K
FY2023$176K
FY2024$525K
Expenses
$23K
FY2021▼ -36%
Expenses by fiscal year
FY2020$36K
FY2021$23K
FY2022$53K
FY2023$114K
FY2024$88K
Net assets
$2.0M
FY2021▲ +11%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.7M
FY2023$2.0M
FY2024$2.1M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

36 cents of each dollar spent went to programs.

Program services 36% · $8K Management & general 64% · $15K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

Provided by the organization

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1 program · $8K · in their own filed words · FY2021
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.

$8Kprogram 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
Total grants receivedfrom 2 funders$70K
Grants paid · 23 grants · $158K · 2020–2024
Mayo ClinicMN · 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
Plastic Surgery FoundationIL · FY2022$10,000
See all 23 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$104K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$51K
Money outPt IX
$23K
Ln 25
Programscol B$8K
Managementcol C$15K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$232K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Investment incomeLn 3$51K
Gains on assetsLn 7$21K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$232K
Cash and savings togetherLn 1–2$232K
InvestmentsLn 11–13$1.7M
Total assetsLn 16$2.0M
LiabilitiesLn 26$1K
Net assetsLn 32$2.0M
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 FY21End FY21
Cash and savingsLn 1–2$457K$232K
InvestmentsLn 11–13$1.3M$1.7M
Total assetsLn 16$1.8M$2.0M
LiabilitiesLn 26$15K$1K
Net assetsLn 32$1.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$3K$3K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$6K$6K
Office expensesLn 13$384$384
InsuranceLn 23$250$250
Total functional expensesLn 25$23K$8K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $525K$88K$437K$2.1M 990 PDF
FY2023 $176K$114K$62K$2.0M 990 PDF
FY2022 $77K$53K$24K$1.7M 990 PDF
FY2021 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $104,128 across 5 lines filed
VIII-1f All other contributions, gifts and grants$53,218
VIII-1h Total contributions, gifts and grants$53,218
VIII-3 Investment incomeExcluded from tax $30,272$30,272
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,638$20,638
VIII-12 Total revenueExcluded from tax $50,910$104,128
Part IX · Statement of functional expenses $23,440 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-2 Grants to domestic individualsPrograms $3,446$3,446
IX-11c Accounting feesManagement $8,800$8,800
IX-11f Investment management feesManagement $5,560$5,560
IX-13 Office expensesManagement $384$384
IX-23 InsuranceManagement $250$250
IX-25 Total functional expensesPrograms $8,446 · Management $14,994 · Fundraising $0$23,440
Part X · Balance sheet $1,990,069 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $456,585$231,974
X-3 Pledges and grants receivableStart of year $14,683$11,683
X-4 Accounts receivableStart of year $6,775$11,171
X-11 Publicly traded securitiesStart of year $1,327,082$1,735,241
X-16 Total assetsStart of year $1,805,125$1,990,069
X-17 Accounts payable and accrued expenses$1,446
X-26 Total liabilitiesStart of year $15,000$1,446
X-27 Net assets without donor restrictionsStart of year $1,693,289$1,870,754
X-28 Net assets with donor restrictionsStart of year $96,836$117,869
X-32 Total net assets or fund balancesStart of year $1,790,125$1,988,623
X-33 Total liabilities and net assetsStart of year $1,805,125$1,990,069
Part XI · Reconciliation of net assets $1,988,623 net assets at year end
XI-1 Total revenue$104,128
XI-2 Total expenses$23,440
XI-3 Revenue less expenses$80,688
XI-4 Net assets at start of year$1,790,125
XI-5 Net unrealized gains (losses) on investments$112,810
XI-9 Other changes in net assets$5,000
XI-10 Net assets at end of year$1,988,623

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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