Hobe Sound Child Care Center Inc
- Assets
- $4.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 83
- Location
- Hobe Sound, FL
- Founding
- 05/1966
- Data as of
- 06/2023
- EIN
- 59-1107869
Organization Overview
Hobe Sound Child Care Center Inc, operating under the name Hobe Sound Early Learning Center, is located in Hobe Sound, FL. The organization was established in 1966. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Hobe Sound Early Learning Center employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobe Sound Early Learning Center 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 06/2023, Hobe Sound Early Learning Center generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 11.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE DEDICATED TO PROVIDING A SAFE, NURTURING, CHILD CENTERED, AND STIMULATING EDUCATIONAL ENVIRONMENT THAT FOSTERS EVERY CHILDS INDIVIDUAL SUCCESS WITH A LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOBE SOUND EARLY LEARNING CENTER IS A PRIVATE NON-PROFIT PROVIDER OF QUALITY EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES ONE THROUGH FIVE. FOUNDED IN 1962, IT CURRENTLY ENROLLS 147 CHILDREN IN FULL AND HALF-DAY PROGRAMS IN ITS CHILD-FRIENDLY CENTER IN HOBE SOUND, FLORIDA. GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS DRAWN FROM PARENTS AND COMMUNITY MEMBERS, THE HOBE SOUND EARLY LEARNING CENTER IS FULLY ACCREDITED FOR EARLY CHILDHOOD EDUCATION AND VOLUNTARY PRE-KINDERGARTEN. THE BOARD AND STAFF STRIVE TO PROVIDE A DEVELOPMENTALLY APPROPRIATE PROGRAM FOR EVERY CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bartram Co-President | OfficerTrustee | 1 | $0 |
John Boyer Co-President | Trustee | 1 | $0 |
Amanda Graves Secretary | OfficerTrustee | 1 | $0 |
Lindsey Thomas Treasurer | OfficerTrustee | 1 | $0 |
Ken Botsford Director | Trustee | 1 | $0 |
Susan Bubla Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Custom Modular Inc Modular Classroom | 6/29/22 | $549,420 |
Alpha Playground Services Playground Equipment | 6/29/22 | $121,597 |
Johnston Group Development & Design Inc General Contracting | 6/29/22 | $203,872 |
Wgi General Contracting | 6/29/22 | $121,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,297,253 |
| Membership dues | $0 |
| Fundraising events | $37,194 |
| Related organizations | $0 |
| Government grants | $363,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,201,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,899,465 |
| Total Program Service Revenue | $726,408 |
| Investment income | $75,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,702,765 |
| 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 | $1,634,198 |
| Pension plan accruals and contributions | $35,215 |
| Other employee benefits | $183,924 |
| Payroll taxes | $117,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,679 |
| Fees for services: Other | $11,730 |
| Advertising and promotion | $17,874 |
| Office expenses | $6,389 |
| Information technology | $4,367 |
| Royalties | $0 |
| Occupancy | $213,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,646 |
| Insurance | $68,822 |
| All other expenses | $0 |
| Total functional expenses | $2,861,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,446 |
| 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 | $157,488 |
| Net Land, buildings, and equipment | $3,142,210 |
| Investments—publicly traded securities | $710,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,485,851 |
| Accounts payable and accrued expenses | $192,298 |
| Grants payable | $0 |
| Deferred revenue | $245,316 |
| 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 | $730,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,168,214 |
| Net assets without donor restrictions | $3,317,637 |
| 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 | $4,485,851 |