Trustbridge Foundation Inc
- Assets
- $142.8m
- Revenue
- $3.9m
- Investments
- $24.3m
- Employees
- 23
- Location
- West Palm Beach, FL
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-3974070
Organization Overview
Trustbridge Foundation Inc, operating under the name Trustbridge Hospice Foundation, is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2022, Trustbridge Hospice Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustbridge Hospice Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Trustbridge Hospice Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Trustbridge Hospice Foundation has awarded 26 individual grants totaling $52,803,885. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO RAISE AND MANAGE CHARITABLE DONATIONS TO SUPPORT NONPROFIT END OF LIFE CARE PROVIDER TRUSTBRIDGE, INC AND ITS SUBSIDIARIES THROUGH A COMPREHENSIVE FUNDRAISING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTBRIDGE FOUNDATION, INC. PROVIDES FUNDRAISING, INVESTMENT MANAGEMENT, AND OTHER SUPPORT SERVICES, TO TRUSTBRIDGE, INC., A RELATED TAX-EXEMPT ORGANIZATION, AND ITS SUBSIDIARIES, INCLUDING HOSPICE OF PALM BEACH COUNTY, INC., HOSPICE OF BROWARD COUNTY, INC. AND HOSPICE BY THE SEA, INC. OUR FOUNDATION IS DEDICATED TO SUPPORTING THE SPECIALIZED PROGRAMS THAT TRUSTBRIDGE PROVIDES THAT ARE ABOVE AND BEYOND TRADITIONAL HOSPICE CARE, INCLUDING VETERANS PROGRAM, PHYSICIAN FELLOWSHIP PROGRAM AND EMPLOYEE TRAINING.
CHARITABLE CARE: AS LOCAL, NOT FOR PROFIT HOSPICE WE ARE COMMITTED TO PROVIDING CARE FOR EVERYONE IN OUR COMMUNITY, INCLUDING THOSE WITHOUT INSURANCE OR THE ABILITY TO PAY. IN 2022, DONATIONS HELPED PROVIDE 4,552 DAYS OF CARE TO UNINSURED PATIENTS.
EXTRAORDINARY COMFORT MEASURES: TRUSTBRIDGE IS ONE OF ONLY 3% OF HOSPICES NATIONWIDE THAT ADMIT PATIENTS INTO HOSPICE CARE WHO NEED TO CONTINUE TREATMENTS FOR THEIR COMFORT (CHEMOTHERAPY, RADIATION, INTRAVENOUS MEDICATIONS AND BLOOD TRANSFUSIONS). YOUR DONATIONS FUND THE COMFORT MEASURES SO THESE FAMILIES CAN BENEFIT FROM THE WORLD OF SUPPORT THAT HOSPICE OFFERS. 2,601 PATIENTS RECEIVED EXTRAORDINARY COMFORT MEASURES IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Investment Management Services | 12/30/22 | $664,958 |
Charles Schwab Investment Management Services | 12/30/22 | $293,492 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $38,787 |
| Membership dues | $0 |
| Fundraising events | $342,558 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,310,900 |
| Noncash contributions included in lines 1a–1f | $266,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,692,245 |
| Total Program Service Revenue | $0 |
| Investment income | $4,330,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,461,325 |
| Net Income from Fundraising Events | $29,730 |
| Net Income from Gaming Activities | $7,407 |
| Net Income from Sales of Inventory | $283,802 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,882,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,706,370 |
| Grants and other assistance to domestic individuals. | $17,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $689,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,275 |
| Pension plan accruals and contributions | $25,273 |
| Other employee benefits | $83,628 |
| Payroll taxes | $65,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,640 |
| Fees for services: Accounting | $29,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $967,004 |
| Fees for services: Other | $143,493 |
| Advertising and promotion | $85,423 |
| Office expenses | $82,111 |
| Information technology | $41,703 |
| Royalties | $0 |
| Occupancy | $31,200 |
| Travel | $34,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,650 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,353,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,885,310 |
| Savings and temporary cash investments | $2,321,842 |
| Pledges and grants receivable | $496,523 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,943 |
| Net Land, buildings, and equipment | $37,949 |
| Investments—publicly traded securities | $99,062,730 |
| Investments—other securities | $24,260,269 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,687,971 |
| Total assets | $142,814,537 |
| Accounts payable and accrued expenses | $340,693 |
| Grants payable | $0 |
| Deferred revenue | $43,587 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,606,918 |
| Total liabilities | $1,991,198 |
| Net assets without donor restrictions | $136,998,056 |
| Net assets with donor restrictions | $3,825,283 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,814,537 |
Grants Awarded
Over the last fiscal year, Trustbridge Foundation Inc has awarded $6,706,370 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPICE OF PALM BEACH COUNTY INC PURPOSE: Program Support | $4,206,188 |
HOSPICE BY THE SEA INC PURPOSE: Program Support | $2,096,473 |
TRUSTBRIDGE INC PURPOSE: Program Support | $403,709 |