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Nonprofiteer
← HOBE SOUND CHILD CARE CENTER INC

Form 990 for tax year 2023

Filed by HOBE SOUND CHILD CARE CENTER INC.

Totals

Total revenue
$3,061,544
Total expenses
$3,083,327
Contributions and grants received
$1,830,345
Grants paid
$0
Program service revenue
$1,094,219
Investment income
$102,774
Other revenue
$34,206
Total assets, end of year
$4,236,637
Total liabilities, end of year
$832,335
Net assets or fund balances, end of year
$3,404,302
Program services expenses (Part IX)
$2,611,857
Management and general expenses
$324,720
Fundraising expenses
$146,750
Program service expenses (Part III)
$2,611,857

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $594,489

  • 1e · Government grants (contributions)

    $125,652

  • 1f · All other contributions, gifts and grants

    $1,110,204

  • 2a · Program service revenue: TUITION

    total $1,094,219 · related or exempt $1,094,219

  • 3 · Investment income

    total $102,774 · excluded $102,774

  • 6a · Gross rents

    real property $1,950

  • 6c · Rental income or loss

    real property $1,950

  • 6d · Net rental income or loss

    total $1,950 · related or exempt $1,950

  • 8a · Fundraising events: gross income

    $46,996

  • 8b · Fundraising events: direct expenses

    $14,740

  • 8c · Net income from fundraising events

    total $32,256

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,697,295 · program services $1,357,836 · management and general $220,648 · fundraising $118,811

  • 8 · Pension plan contributions

    total $26,141 · program services $20,913 · management and general $3,398 · fundraising $1,830

  • 9 · Other employee benefits

    total $188,781 · program services $151,024 · management and general $24,542 · fundraising $13,215

  • 10 · Payroll taxes

    total $127,845 · program services $102,276 · management and general $16,620 · fundraising $8,949

  • 11c · Fees: accounting

    total $6,891 · program services $5,168 · management and general $1,723

  • 11f · Fees: investment management

    total $16,353 · management and general $16,353

  • 11g · Fees: other

    total $3,945 · fundraising $3,945

  • 12 · Advertising and promotion

    total $18,264 · program services $18,264

  • 13 · Office expenses

    total $22,661 · program services $16,995 · management and general $5,666

  • 16 · Occupancy

    total $277,618 · program services $265,813 · management and general $11,805

  • 20 · Interest

    total $32,326 · program services $31,033 · management and general $1,293

  • 22 · Depreciation, depletion and amortization

    total $305,881 · program services $293,646 · management and general $12,235

  • 23 · Insurance

    total $73,616 · program services $70,671 · management and general $2,945

  • 24a · Other expenses: DIRECT PROGRAM COSTS

    total $263,578 · program services $261,619 · management and general $1,959

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $22,132 · program services $16,599 · management and general $5,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,390 · end of year $25,018

  • 2 · Savings and temporary cash investments

    beginning of year $710,317 · end of year $927,294

  • 4 · Accounts receivable

    beginning of year $130,446 · end of year $175,689

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,488 · end of year $32,284

  • 10a · Land, buildings and equipment: cost or other basis

    $4,495,690

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,419,338

  • 10c · Land, buildings and equipment, net

    beginning of year $3,142,210 · end of year $3,076,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,298 · end of year $38,555

  • 19 · Deferred revenue

    beginning of year $245,316 · end of year $69,794

  • 23 · Secured mortgages and notes payable

    beginning of year $730,600 · end of year $723,986

  • 27 · Net assets without donor restrictions

    beginning of year $3,317,637 · end of year $3,404,302

Mission and programs · 2023

Mission

THE HOBE SOUND EARLY LEARNING CENTER IS A PLACE WHERE THE WORK OF CHILDREN IS VALUED AND INDIVIDUALLY RESPECTED, THE IMPORTANCE OF FAMILY IS ESTEEMED, AND COMMUNITY INVOLVEMENT IS ENCOURAGED. OUR EXPERIENCED AND DEDICATED STAFF IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF EDUCATION AND CARE FOR EACH CHILD ENROLLED IN OUR PROGRAMS.

  • 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 204 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-KINDERGARDEN. THE BOARD AND STAFF STRIVE TO PROVIDE A DEVELOPMENTALLY APPROPRIATE PROGRAM FOR EVERY CHILD.

    Expenses $2,611,857 · Revenue $1,094,219

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE BARTRAM

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • ANNE BENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KEN BOTSFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHN BOYER

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • PHILIP FRANKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • AMANDA GRAVES

    SECRATARY

    Total calculated
    $0
    Hours/week
    5

  • NICK MATSOUKIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KIM NASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • HELEN PARDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHN PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JAIME SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LINDSEY THOMAS

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • CAROLINE VOHR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • NATALIE WHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531299349301778

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