Treasures For Hope
- Assets
- $11.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Palm Beach Gardens, FL
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-5044040
Organization Overview
Treasures For Hope is located in Palm Beach Gardens, FL. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Treasures For Hope employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasures For Hope 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 12/2021, Treasures For Hope generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 23.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TURN QUALITY SECOND HAND ITEMS INTO FIRST CLASS HOPE FOR THE CHILDREN AND YOUNG ADULTS AT PLACE OF HOPE, INC. AND VILLAGE OF HOPE OF PALM BEACH COUNTY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A CHARITY STORE IN PALM BEACH GARDENS, FLORIDA, WHICH SELLS QUALITY SECOND-HAND ITEMS. THE ORGANIZATION OPENED ITS DOORS FOR BUSINESS ON FEBRUARY 14, 2013.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald M Nocera President | OfficerTrustee | 1 | $0 |
Charles L Bender III CEO | OfficerTrustee | 1 | $0 |
Shannon Anderson COO | Officer | 1 | $0 |
Leighan Rinker Edd Director | Trustee | 1 | $0 |
John T Christiansen ESQ Director | Trustee | 1 | $0 |
Pastor J Todd Mullins Dmin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,421 |
| Noncash contributions included in lines 1a–1f | $199,121 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,496 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $654,304 |
| Net Gain/Loss on Asset Sales | -$21,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $339,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,207,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,342 |
| Pension plan accruals and contributions | $3,159 |
| Other employee benefits | $6,822 |
| Payroll taxes | $18,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,357 |
| Advertising and promotion | $13,131 |
| Office expenses | $15,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $405,171 |
| Insurance | $113,998 |
| All other expenses | $75,694 |
| Total functional expenses | $1,543,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $131,172 |
| Prepaid expenses and deferred charges | $4,817 |
| Net Land, buildings, and equipment | $11,486,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,592 |
| Total assets | $11,894,250 |
| Accounts payable and accrued expenses | $45,135 |
| Grants payable | $0 |
| Deferred revenue | $6,959 |
| 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 | $588,035 |
| Total liabilities | $640,129 |
| Net assets without donor restrictions | $11,254,121 |
| Net assets with donor restrictions | $0 |
| 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 | $11,894,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Treasures For Hope has recieved totaling $6,726.
| Awarding Organization | Amount |
|---|---|
Third Sector New England Inc Boston, MA PURPOSE: SUB-AWARD | $6,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
St Johns County Welfare Federation St Augustine, FL | $11,404,486 | $15,403,737 |
Coastal Georgia Area Community Action Authority Inc Brunswick, GA | $8,853,505 | $18,530,212 |
Changing Homelessness Inc Jacksonville, FL | $1,897,568 | $14,269,486 |
University Of Alabama Ophthalmology Services Foundation Birmingham, AL | $3,172,403 | $13,818,197 |
Hope Villages Of America Inc Clearwater, FL | $6,400,993 | $13,661,683 |
U S Space & Rocket Center Education Foundation Huntsville, AL | $18,280,145 | $26,134,184 |
Community Action Program Inc Pensacola, FL | $1,817,125 | $12,881,444 |
Automotive Aftermarket Association Southeast Health Fund Montgomery, AL | $888,375 | $12,395,120 |