Nonprofit · EIN 65-0118848
THE HAND FOUNDATION INCORPORATED
Tax-exempt · WEST PALM BCH, FL 33411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $170,288,508 | $3,329,420 | $166,959,088 | $167,037,283 | $12,725 | $167,024,558 |
| December 31, 2023 | 990-PF | $250,274 | $184,194 | $66,080 | $65,470 | $0 | $65,470 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $163,455,256
- Dividends
- $4,065,393
- Interest
- $127,968
- Net rental income
- $3,830,514
- Net gain from sales of assets
- -$1,212,338
Expenses
- Grants and similar amounts paid
- $2,453,235
- Compensation of officers, directors and key employees
- $327,752
- Salaries, compensation and benefits (total)
- $109,253
- Disbursements for charitable purposes
- $3,048,429
- Excise tax on investment income
- $98,848
Balance sheet and other
- Total assets, start of year
- $65,470
- Total assets, end of year
- $167,037,283
- Total liabilities, end of year
- $12,725
- Net assets, end of year
- $167,024,558
- Fair market value of assets
- $167,084,900
- Qualifying distributions
- $3,407,823
- Net investment income
- $7,395,793
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ruben Ledesma Jr 9100 Belvedere Road Suite 210, Royal Palm Beach, FL 33411 | Secretary/Treasurer | 15 | $119,187 |
| Paul Orsenigo 9100 Belvedere Road Suite 210, Royal Palm Beach, FL 33411 | Vice President | 2 | $21,687 |
| Patrick T Altman 9100 Belvedere Road Suite 210, Royal Palm Beach, TN 33411 | Director | 2 | $21,687 |
| P Derek Orsenigo 9100 Belvedere Road Suite 210, Royal Palm Beach, FL 33411 | Director | 2 | $21,687 |
| Wesley A Ledesma 9100 Belvedere Road Suite 210, Royal Palm Beach, FL 33411 | Director | 2 | $21,687 |
| Thomas L Altman 9100 Belvedere Road Suite 210, Royal Palm Beach, FL 33411 | Director | 2 | $21,687 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES R HAND PO BOX 572, BELLE GLADE, FL 33430 | VICE PRESIDENT | 4 | $0 |
| RUBEN LEDESMA JR 1499 FOREST HILL Ste 116, WEST PALM BEACH, FL 33406 | SECRETARYTREASURER | 15 | $0 |
| PAUL ORSENIGO 1836 STALLION DRIVE, LOXAHATCHEE, FL 33470 | VICE PRESIDENT | 2 | $0 |
| PATRICK T ALTMAN 136 OAK HOLLOW, HERMITAGE, TN 37076 | DIRECTOR | 2 | $0 |
| P DEREK ORSENIGO 1649 STALLION DRIVE, LOXAHATCHEE, FL 33470 | DIRECTOR | 2 | $0 |
| WESLEY A LEDESMA 10581 PELICAN DRIVE, WELLINGTON, FL 33414 | DIRECTOR | 2 | $0 |
| THOMAS L ALTMAN 1000 NE 2ND ST, BELLE GLADE, FL 33430 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 9100 BELVEDERE RD STE 210, WEST PALM BCH, FL 33411-3609
- In care of
- % WESLEY LEDESMA
- Signed the 990-PF
- Wesley Ledesma, Executive Director
- Phone
- (561) 567-9245
- Website
- handfoundationinc.org
- Return prepared by
- Holyfield & Thomas LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 65-0118848
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $167,037,283
- Income (IRS master file)
- $232,743,101
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $170,288,508 | $3,329,420 | $167,037,283 | IRS |
| 990-PF | December 2023 | $250,274 | $184,194 | $65,470 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0118848).
Questions about THE HAND FOUNDATION INCORPORATED
- What is the EIN of THE HAND FOUNDATION INCORPORATED?
- The employer identification number (EIN) of THE HAND FOUNDATION INCORPORATED is 65-0118848.
- Is THE HAND FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE HAND FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE HAND FOUNDATION INCORPORATED file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE HAND FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE HAND FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE HAND FOUNDATION INCORPORATED?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $119,187 (Ruben Ledesma Jr, Secretary/Treasurer).
- How much revenue does THE HAND FOUNDATION INCORPORATED have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $170,288,508, expenses of $3,329,420 and total assets of $167,037,283 at year end.
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