Quantum House Inc
- Assets
- $12.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- West Palm Beach, FL
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 65-0898326
Organization Overview
Quantum House Inc is located in West Palm Beach, FL. The organization was established in 1999. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Quantum House Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quantum House 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 12/2023, Quantum House Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 17.3% per year over the past 9 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
TO OWN AND OPERATE A FACILITY THAT SERVES AS A HOME AWAY FROM HOME FOR FAMILIES OF CHILDREN WHO ARE BEING TREATED AT NEARBY COMMUNITY MEDICAL CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A FACILITY FOR GUESTS TO STAY WHILE THEIR CHILDREN WERE TREATED AT NEARBY COMMUNITY MEDICAL CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Jurney Ex-Ceo | Officer | 40 | $145,678 |
Colette Mcknight COO | Officer | 40 | $107,779 |
Greg Quattlebaum CEO | Officer | 40 | $37,198 |
Shannon Ball Director | Trustee | 2 | $0 |
Greg Hillberg Director | Trustee | 2 | $0 |
Christopher Ungerer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $581,834 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,793,982 |
| Noncash contributions included in lines 1a–1f | $580,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,375,816 |
| Total Program Service Revenue | $269,836 |
| Investment income | $150,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82,629 |
| Net Income from Fundraising Events | -$99,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $482,980 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,106,957 |
| 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. | $290,655 |
| Compensation of current officers, directors, key employees. | $17,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,681 |
| Payroll taxes | $58,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,066 |
| Fees for services: Other | $72,903 |
| Advertising and promotion | $0 |
| Office expenses | $39,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,712 |
| Travel | $0 |
| 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 | $257,902 |
| Insurance | $80,806 |
| All other expenses | $125,672 |
| Total functional expenses | $2,826,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,999 |
| Savings and temporary cash investments | $131,310 |
| Pledges and grants receivable | $313,250 |
| Accounts receivable, net | $111,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $242,755 |
| Prepaid expenses and deferred charges | $31,567 |
| Net Land, buildings, and equipment | $4,606,645 |
| Investments—publicly traded securities | $5,460,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348,717 |
| Total assets | $12,867,309 |
| Accounts payable and accrued expenses | $79,338 |
| Grants payable | $0 |
| 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 | $1,328,896 |
| Total liabilities | $1,408,234 |
| Net assets without donor restrictions | $10,540,748 |
| Net assets with donor restrictions | $918,327 |
| 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 | $12,867,309 |