Hand Surgery Endowment Charitable Foundation EIN 37-1355162 Form 990 (PDF) Claim this org

Hand Surgery Endowment Charitable Foundation FY2022 filing

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Funds research, volunteerism, and organizations advancing global hand surgery and therapy. For fiscal year 2022 it reported $77K in revenue, $53K in expenses, and $1.7M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Beverly, MA
Website
www.handsurgery.org
Filings
5 on file (2020–2022)
Revenue
$77KFY2022
Expenses
$53K
Net assets
$1.7M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1355162 Public foundation / grantmaker Beverly, MA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds research, volunteerism, and organizations advancing global hand surgery and therapy.
Leadership
Julie E Adams MD · President
Money in and out
$77K revenue, $53K expenses
Bottom line
85% program efficiency
Grants paid & assets · FY2022
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.12 Fundraising $0.03
Program efficiency
85%
of spending reaches programs
Operating runway
387.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$77K
FY2022▼ -26%
Expenses
$53K
FY2022▲ +126%
Total assets
$1.7M
FY2022▼ -13%
Total liabilities
$10K
FY2022▲ +598%
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHand Surgery Endowment Charitable Foundation
EINHdr · item D37-1355162
Principal addressHdr · item CBeverly, MA
WebsiteHdr · item Jwww.handsurgery.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFJun 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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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Mission & Programs · Part III

Where the work happens

2 program services account for $45K of program spending, described in the organization's own filed words · FY2022.
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.

$44Kprogram expense
02

Board of Governors

Members of the endowment's governance assemble to help organize and operate various functions of the associataion.

$987program expense

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Statement of Revenue

Part VIII
Investment income$39K · 51%
Contributions & grants$37K · 49%
Investment income51%$39K
Contributions & grants49%$37K
Total revenueLn 12$77K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.12 Fundraising $0.03
Program services85%$45K
Management & general12%$7K
Fundraising3%$1K
Total functional expensesLn 25$53K

Balance Sheet

Part X · end of year
CashLn 1$181K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$10K
Total net assetsLn 32$1.7M
Months of cash on handcomputed41.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $53K
387.1 months
Where the money goes
Program services
Program services $45K · Total expenses $53K
85%
Management & General
Management & general $7K · Total expenses $53K
12%
Fundraising
Fundraising $1K · Total expenses $53K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $448 · Solicited contributions (3-yr avg) $131K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $37K · Total revenue $77K
49%
Government reliance
Government grants — · Total revenue $77K
Earned-income share
Program service revenue $0 · Total revenue $77K
0%
Investment reliance
Investment income $39K · Total revenue $77K
+51%
Program self-sufficiency
Program service revenue $0 · Total expenses $53K
0%
Growth & trend
Revenue growth (YoY)
This year $77K · Prior year $104K
-26%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $77K · Expenses $53K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
88%
People & payroll
Highest Reported Total Compensation
Individual Julie E Adams MD · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $53K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $53K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 12%
Fundraising cost ratio 4%
Revenue growth -26%
Investment management fee ratio 0.2%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$525K revenue · ⤓ 990 PDF
FY2023$176K revenue · ⤓ 990 PDF
FY2022$77K revenue · viewing · ⤓ 990 PDF
FY2021$104K revenue · ⤓ 990 PDF
FY2020$327K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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