Financial Results
Transitioning from "Startup" to "Launch and Scale-up" Phase
aHAND4 ® Life!'s is transitioning from "Startup" Phase which began in 2008 with Formation activities, to "Launch and Scale-up" Phase which began June 1st, 2014.
Therefore our Financial Results reflect this "investment phase", transitioning to growing, Publically supported phase. We are beginning to receive donations and take on Membership and Clients according to our 2014 - 2016 Operational Plan, which was unanimously approved by our Directors.
Accounting Methods
aHAND4 ® Life! utilizes a Cash Method of Accounting, on a Calendar-year-basis.
We utilize modern computer tools, including Quickbooks Professional 2013 Software, and has established Corporate Books which it believes are in compliance with US Generally Accepted Accounting Procedures (GAAP).
We are prepared to provide any required Financial Statements, or expose our books in audit to any State or Federal tax authority. We will also accomodate requests by donors contemplating substantial donations in excess of $5,000, upon written request and payment of US$50 processing and shipping.
Finanical Reporting Requirements
As a small, private California Public Benefit corporation and US Public Charity (IRS-recognized "tax-exempt" under Section 501c3 of the US tax code), we are in compliance with all filing and reporting requirements. Please see records of our recent 2013 tax year filings.
2013 Urban Institute Report of IRS Form 990-N eCard2011-2013 Urban Institute Summary of IRS eCards
2013 California Franchise Tax Board Form 199N eCard
As well, we remain ready to incur the great expense to perform internal Audit, with full Financial Reports to the Tax Authorities. When Revenues exceed statutory minimums - typically US$50,000 annually, aHAND4 ® Life! will comply with these statutory requirements. We will also publish our Annual Financial Reports online for the Public, initially unaudited, per statutory requirements.
We appreciate your trust, and feel free to contact the President or our Chief Financial Officer with any questions or concerns.