Hobe Sound Community Chest Inc
- Assets
- $3.9m
- Revenue
- $3.5m
- Investments
- $2.0m
- Employees
- 3
- Location
- Hobe Sound, FL
- Founding
- 05/1949
- Data as of
- 06/2022
- EIN
- 59-6155092
Organization Overview
Hobe Sound Community Chest Inc is located in Hobe Sound, FL. The organization was established in 1949. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Hobe Sound Community Chest Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobe Sound Community Chest Inc 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 06/2022, Hobe Sound Community Chest Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 15.2% 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.
Since 2016, Hobe Sound Community Chest Inc has awarded 194 individual grants totaling $9,771,993. 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 MISSION OF THE HOBE SOUND COMMUNITY CHEST IS TO RAISE FUNDS FOR AND TO PROVIDE FINANCIAL, ADVISORY AND VOLUNTEER SUPPORT TO THOSE QUALIFYING NONPROFIT SOCIAL SERVICE AGENCIES THAT CONTRIBUTE TO THE SUSTAINED IMPROVEMENTS IN THE LIVES OF NEEDY PEOPLE IN THE HOBE SOUND COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOBE SOUND COMMUNITY CHEST ISSUES GRANTS TO OTHER NON-PROFITORGANIZATIONS WHO, THROUGH THEIR SERVICES, ENHANCE THE QUALITYOF LIFE FOR RESIDENTS OF HOBE SOUND. THE SCOPE OF THESE SERVICES MAY BE BASED IN CHILD CARE, EDUCATION, YOUTH RECREATION, FOOD AND SHELTER, OR OTHER AREAS WHICH WILL HAVE A DIRECT IMPACTFOR THE GREATER GOOD OF THE COMMUNITY. THE ORGANIZATIONSUPPORTED FORTY FOUR SERVICE ORGANIZATIONS IN THE CURRENT FISCAL YEAR.HOBE SOUND STRONG START IS AN INITIATIVE ATTEMPTING TO INCREASE THE NUMBER OF HOBE SOUND CHILDREN READY TO LEARN WHEN THEY ENTER KINDERGARDEN. THE CHEST IS AWARDING SCHOLARSHIPS TO QUALITY EARLY LEARNING CENTERS TO CHILDREN WITH ECONOMIC NEED, SUPPORTING COMMUNITY-BASED PROGRAMS FOR CHILDREN WHO CANNOT ATTEND CENTERS, BRINGING ARTS, MUSIC, AND ATHLETIC PROGRAMS TO THE CENTERS, AND HELPING CENTERS BUILD MORE SPACE TO SERVE CHILDREN. THE GOAL IS THAT BY 2025 EVERY HOBE SOUND PRESCHOOLER WILL HAVE A PLACE TO LEARN AND THE MEANS TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Berry Executive Director | Officer | 40 | $114,414 |
Eric T Wesel Vice President | OfficerTrustee | 2 | $0 |
Tony Bohannon Jr Executive Vice President | OfficerTrustee | 5 | $0 |
Joyce Bullen Gay Vice President | OfficerTrustee | 5 | $0 |
Raymond V Gilmartin Vice President | OfficerTrustee | 2 | $0 |
Robert C Mccormack Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,265,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,265,147 |
| Total Program Service Revenue | $0 |
| Investment income | $40,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,457,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,866,004 |
| Grants and other assistance to domestic individuals. | $104,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,414 |
| Compensation of current officers, directors, key employees. | $8,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,161 |
| Payroll taxes | $20,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,999 |
| Advertising and promotion | $0 |
| Office expenses | $4,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,586 |
| Travel | $9,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,848 |
| Insurance | $4,186 |
| All other expenses | $16,118 |
| Total functional expenses | $3,491,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,858,806 |
| Savings and temporary cash investments | $7,807 |
| Pledges and grants receivable | $16,035 |
| 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 | $13,943 |
| Net Land, buildings, and equipment | $8,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,960,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,865,127 |
| Accounts payable and accrued expenses | $23,623 |
| Grants payable | $115,500 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $139,123 |
| Net assets without donor restrictions | $2,407,441 |
| Net assets with donor restrictions | $1,318,563 |
| 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 | $3,865,127 |
Grants Awarded
Over the last fiscal year, Hobe Sound Community Chest Inc has awarded $2,866,004 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Hobe Sound, FL PURPOSE: ASSIST ORGANIZATION | $1,060,848 |
BANNER LAKE CLUB PURPOSE: ASSIST ORGANIZATION | $240,952 |
Hobe Sound, FL PURPOSE: ASSIST ORGANIZATION | $171,000 |
Hobe Sound, FL PURPOSE: ASSIST ORGANIZATION | $167,900 |
Stuart, FL PURPOSE: ASSIST ORGANIZATION | $120,000 |
Stuart, FL PURPOSE: ASSIST ORGANIZATION | $97,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hobe Sound Community Chest Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Clark Family Foundation Inc New York, NY PURPOSE: GENERAL EXPENSES | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |
United Way Of Palm Beach County Inc West Palm Beach, FL | $24,619,192 | $14,282,959 |
United Way Of Brevard County Inc Rockledge, FL | $8,481,850 | $14,549,542 |
Ocean Reef Foundation Inc Key Largo, FL | $43,415,311 | $11,490,995 |
United Way Of Central Florida Inc Highland City, FL | $26,696,940 | $9,902,693 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |
United Way Of The Chattahoochee Valley Inc Columbus, GA | $12,467,806 | $8,956,958 |
Town Of Palm Beach United Way Inc Palm Beach, FL | $16,686,552 | $8,087,830 |
The Jewish Federation Of Sarasota-Manatee Inc Sarasota, FL | $47,399,713 | $7,687,191 |