The Hospice Foundation Of Martin & St Lucie Inc
- Assets
- $38.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 03/1989
- Data as of
- 09/2021
- EIN
- 65-0047497
Organization Overview
The Hospice Foundation Of Martin & St Lucie Inc, operating under the name Treasure Health Foundation, is located in Stuart, FL. The organization was established in 1989. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Health 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 09/2021, Treasure Health Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $5.3m during the year ending 09/2021. While expenses have increased by 8.6% per year over the past 6 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 2015, Treasure Health Foundation has awarded 16 individual grants totaling $7,571,425. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HEALTH AND PALLIATIVE SERVICES OF THE TREASURE COAST, INC. AND TAX-EXEMPT SUBSIDIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPICE FOUNDATION OF MARTIN & ST. LUCIE, INC. (HFMSL) PROVIDES SUPPORT FOR THE PROGRAMS, SERVICES AND ACTIVITIES OF HEALTH AND PALLIATIVE SERVICES OF THE TREASURE COAST, INC. AND AFFILIATES. IT HELPS FUND PROGRAMS THAT ARE NOT REIMBURSED BY OTHER SOURCES, SUCH AS OUR FOCUSED CARE PROGRAM, COMMUNITY BEREAVEMENT PROGRAM, ENHANCED PEDIATRIC SUPPORT, AND OTHER NON-REIMBURSABLE HOSPICE SERVICES TOTALING $1,031,037 FOR THE CURRENT FISCAL YEAR. HFMSL OWNS AND MANAGES ALL REAL ESTATE AND FIXED ASSETS USED BY THE RELATED ORGANIZATIONS IN ORDER FOR THEM TO CARRY OUT OUR HOSPICE AND COMMUNITY MISSION. HFMSL'S SOLE SOURCE OF FUNDING IS DERIVED FROM CONTRIBUTIONS OF CASH, PROPERTY AND SERVICES BY INDIVIDUALS AND BUSINESSES THROUGHOUT THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Maurice Graves Chairman | OfficerTrustee | 3 | $0 |
Jennifer Loren Desantis Kypreos Vice Chairwoman | OfficerTrustee | 2 | $0 |
Richard Paul Mishock Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jackie Kendrick Chpca CEO | Officer | 5 | $0 |
Kenneth Murray Fournie Med VP Of Philanthropy | Officer | 15 | $0 |
Jeffrey White Corp. Secretary & Comp | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Remnant Construction Construction Services | 9/29/21 | $870,655 |
Treasure Coast Newspapers Publication Services | 9/29/21 | $169,515 |
Multicolor Printing Inc Printing Services | 9/29/21 | $102,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $175,506 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,718,253 |
| Noncash contributions included in lines 1a–1f | $725,133 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,893,759 |
| Total Program Service Revenue | $757,334 |
| Investment income | $520,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $337,121 |
| Net Gain/Loss on Asset Sales | $1,872,847 |
| Net Income from Fundraising Events | $21,324 |
| Net Income from Gaming Activities | $21,154 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,423,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,031,037 |
| Grants and other assistance to domestic individuals. | $15,974 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,809 |
| Fees for services: Accounting | $960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,300 |
| Fees for services: Other | $2,058,368 |
| Advertising and promotion | $328,790 |
| Office expenses | $326,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,888 |
| Travel | $25,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $822,873 |
| Insurance | $0 |
| All other expenses | $9,069 |
| Total functional expenses | $5,340,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $774,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $341,976 |
| Accounts receivable, net | $7,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,157 |
| Prepaid expenses and deferred charges | $126,252 |
| Net Land, buildings, and equipment | $9,885,835 |
| Investments—publicly traded securities | $26,536,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,139,691 |
| Total assets | $38,872,394 |
| Accounts payable and accrued expenses | $142,227 |
| Grants payable | $0 |
| Deferred revenue | $66,849 |
| 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 | $49,362 |
| Total liabilities | $258,438 |
| Net assets without donor restrictions | $37,672,610 |
| Net assets with donor restrictions | $941,346 |
| 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 | $38,872,394 |
Grants Awarded
Over the last fiscal year, The Hospice Foundation Of Martin & St Lucie Inc has awarded $1,031,037 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Stuart, FL PURPOSE: PROGRAM SUPPORT | $433,467 |
Stuart, FL PURPOSE: PROGRAM SUPPORT | $431,963 |
Stuart, FL PURPOSE: PROGRAM SUPPORT | $165,607 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Hospice Foundation Of Martin & St Lucie Inc has recieved totaling $49,255.
| Awarding Organization | Amount |
|---|---|
Hobe Sound Community Chest Inc Hobe Sound, FL PURPOSE: ASSIST ORGANIZATION | $25,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,267 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,000 |
Safety Insurance Charitable Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $738 |
Endowment Analysis
| Beg. Balance | $15,218,120 |
| Earnings | $1,302,723 |
| Net Contributions | $1,970,013 |
| Other Expense | $335,000 |
| Ending Balance | $18,155,856 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morselife Foundation Inc West Palm Beach, FL | $49,056,952 | $14,295,083 |
Trustbridge Foundation Inc West Palm Beach, FL | $165,141,180 | $27,715,967 |
Family Allies Inc Rockledge, FL | $2,052,888 | $5,472,573 |
The Hospice Foundation Of Martin & St Lucie Inc Stuart, FL | $38,872,394 | $6,423,921 |
Sos Childrens Villages Florida Inc Coconut Creek, FL | $5,627,775 | $5,841,080 |
Sheriffs Ranches Enterprises Inc Boys Ranch, FL | $1,230,660 | $4,068,193 |
Ymca Of Greater St Petersburg Facility Operations Inc St Petersburg, FL | $0 | $3,487,521 |
National Foundation For Youth Inc Cocoa, FL | $82,942,437 | $32,677,323 |
John Knox Village Of Florida Foundation Inc Pompano Beach, FL | $16,895,257 | $2,827,394 |
Hospice Foundation Of Palm Beach County Inc Palm Beach, FL | $27,516,487 | $3,903,608 |
Georgia Youth Homes Foundation Madison, GA | $25,002,046 | $1,469,118 |
Abch Foundation Birmingham, AL | $27,664,999 | $3,000,194 |