PLATINUM2023

Many Hands Inc

Together we make a difference.

Chevy Chase, MD   |  https://manyhandsdc.org
GuideStar Charity Check

Many Hands Inc

EIN: 51-0486987


Mission

Many Hands leverages the power of collective giving to support nonprofits serving and empowering Washington, DC area women, children, and families in socioeconomic need.

Ruling year info

2004

Board President

Kathryn Zecca

Main address

PO Box 15048

Chevy Chase, MD 20825 USA

Show more contact info

EIN

51-0486987

Subject area info

Philanthropy

Foundations

Population served info

Children and youth

Women

Families

Economically disadvantaged people

NTEE code info

Public Foundations (T30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

What we aim to solve

SOURCE: Self-reported by organization

Empowering nonprofits serving DC area women, children and families in socioeconomic need.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Impact and Partner Grants

Since 2004, Many Hands has granted more than $2.8 million to nonprofit organizations serving women, children, and families in socioeconomic need in the Washington, DC area. We currently make four grants each year, one in each of our four focus areaseconomic empowerment, education, health, and housing. Of the four annual grantees, one receives the Many Hands $100,000 Impact Grant, and three receive Many Hands Partner Grants. Over the past few years, Partner Grants have averaged $70,000 each. Organizations serving residents of one or more of the following areas are eligible to apply for a Many Hands grant:
District of Columbia
Montgomery County, MD
Prince Georges County, MD
Arlington County, VA
Fairfax County, VA
Alexandria City (VA)
Fairfax City (VA)
Falls Church City (VA)

Population(s) Served
Children and youth
Families
Women
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women, Children and youth, Families, Social and economic status

Related Program

Impact and Partner Grants

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our Mission
Many Hands leverages the power of collective giving to support nonprofits serving and empowering Washington, DC area women, children, and families in socioeconomic need.

Our Vision
To provide philanthropists with meaningful opportunities to give, learn, and serve together in ways that best fit their interests and goals.

Our Values
Many Hands believes in the power of collective giving. Giving as a group, we achieve greater impact than we do as individuals. We value our ability to provide large collective grants to nonprofit partners addressing persistent community needs. We further value the role that collective giving plays in democratizing philanthropy. Originally a women’s organization, we continue to prioritize the empowerment of donors that philanthropy has historically overlooked. We welcome all members who share this goal.

Many Hands believes that diversity, equity, and inclusion are central to our work. To partner effectively with nonprofits working with women, children, and families in socioeconomic need, we must both understand how race and other drivers of inequity shape the distribution of resources and opportunities within our society and, further, recognize and address our individual and collective biases. Valuing and empowering a wide range of voices throughout our organization advances these goals.

Many Hands believes in trust-based philanthropy. Achieving our mission depends on partnerships with nonprofit organizations providing direct service to clients. Trust-based philanthropy confers greater respect on nonprofit providers by acknowledging and reducing the substantial barriers to authenticity in the grantor/grantee relationship. We trust grantees to know the best way to do their work, and we aim to reduce the burdens on nonprofit growth, innovation, and progress.

Many Hands believes in voluntarism. As an organization led and run by volunteers, we can direct greater resources to grantees and offer donors engaging and meaningful opportunities to learn and serve. To ensure the success of this model, we are committed to collaboration, transparency, and mutual respect.

We are an all-volunteer organization that relies on the talents and commitment of our members to maintain high-quality grantmaking and education programs while keeping expenses low. More than one-third of members volunteer in some capacity. We also take advantage of opportunities to learn from and with similar organizations through Philanos, a national network of women's grantmaking organizations.

Since 2004, Many Hands has made more than $2.8 million in grants to 47 organizations responding to the challenges facing women, children, and families living with low income in DC, suburban Maryland, and northern Virginia. More than 700 women have joined Many Hands over this period, deepening their understanding of the region, discovering small nonprofits with big impact, and becoming more committed and capable philanthropists.

Financials

Many Hands Inc
Fiscal year: Jan 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

Average of 63.15 over 7 years

Months of cash in 2022 info

SOURCE: IRS Form 990

Average of 6.8 over 7 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

%

Average of 0% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Many Hands Inc

Revenue & expenses

Fiscal Year: Jan 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Many Hands Inc

Balance sheet

Fiscal Year: Jan 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Many Hands Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Many Hands Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation -$14,224 $94,249 $36,243 $103,091
As % of expenses -6.4% 38.7% 11.7% 35.0%
Unrestricted surplus (deficit) after depreciation -$14,224 $94,249 $36,243 $103,091
As % of expenses -6.4% 38.7% 11.7% 35.0%
Revenue composition info
Total revenue (unrestricted & restricted) $208,256 $337,570 $344,993 $387,549
Total revenue, % change over prior year 0.0% 62.1% 2.2% 12.3%
Program services revenue 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 100.0%
Other revenue 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $222,480 $243,321 $308,750 $294,440
Total expenses, % change over prior year 0.0% 9.4% 26.9% -4.6%
Personnel 0.0% 0.0% 0.0% 0.0%
Professional fees 0.9% 0.9% 2.2% 3.6%
Occupancy 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0%
Pass-through 94.8% 91.0% 89.2% 90.5%
All other expenses 4.2% 8.1% 8.6% 5.9%
Full cost components (estimated) info 2017 2018 2019 2020
Total expenses (after depreciation) $222,480 $243,321 $308,750 $294,440
One month of savings $18,540 $20,277 $25,729 $24,537
Debt principal payment $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0
Total full costs (estimated) $241,020 $263,598 $334,479 $318,977

Capital structure indicators

Liquidity info 2017 2018 2019 2020
Months of cash 8.4 12.4 10.9 15.8
Months of cash and investments 8.4 12.4 10.9 15.8
Months of estimated liquid unrestricted net assets 8.4 12.4 11.2 15.9
Balance sheet composition info 2017 2018 2019 2020
Cash $156,561 $251,878 $281,292 $387,769
Investments $0 $0 $0 $0
Receivables $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.4% 0.5% 0.0%
Unrestricted net assets $156,561 $250,810 $287,053 $390,144
Temporarily restricted net assets $0 $0 N/A N/A
Permanently restricted net assets $0 $0 N/A N/A
Total restricted net assets $0 $0 $0 $0
Total net assets $156,561 $250,810 $288,417 $390,144

Key data checks

Key data checks info 2017 2018 2019 2020
Material data errors No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Board President

Kathryn Zecca

Number of employees

Source: IRS Form 990

Many Hands Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Many Hands Inc

Board of directors
as of 12/12/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Kathryn Zecca

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 12/18/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data