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Nonprofiteer
← PLACE OF HOPE FOUNDATION INC

Form 990 for tax year 2023

Filed by PLACE OF HOPE FOUNDATION INC.

Totals

Total revenue
$25,172,576
Total expenses
$781,717
Contributions and grants received
$24,705,943
Grants paid
$698,689
Program service revenue
$0
Investment income
$466,633
Other revenue
$0
Total assets, end of year
$25,368,067
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,368,067
Program services expenses (Part IX)
$698,689
Management and general expenses
$83,028
Fundraising expenses
$0
Program service expenses (Part III)
$698,689

Program services were 89.4% 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.

  • 1d · Related organizations

    $24,705,943

  • 1g · Noncash contributions included above

    $24,705,943

  • 3 · Investment income

    total $345,341 · excluded $345,341

  • 7a · Gross sales of assets other than inventory

    securities $8,705,041

  • 7b · Less cost or other basis and sales expenses

    securities $8,583,749

  • 7c · Gain or loss

    securities $121,292

  • 7d · Net gain or loss

    total $121,292 · related or exempt $121,292

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $698,689 · program services $698,689

  • 11f · Fees: investment management

    total $78,453 · management and general $78,453

  • 13 · Office expenses

    total $3,615 · management and general $3,615

  • 23 · Insurance

    total $790 · management and general $790

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $170 · management and general $170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3,443,350

  • 11 · Investments: publicly traded securities

    end of year $21,924,717

  • 27 · Net assets without donor restrictions

    end of year $25,368,067

Mission and programs · 2023

Mission

TO SUPPORT THE CHARITABLE MISSION OF PLACE OF HOPE, INC., TREASURES FOR HOPE, INC. AND VILLAGE OF HOPE PALM BEACH COUNTY, INC. (THE SUPPORTED ORGANIZATIONS) BY PROVIDING A VEHICLE FOR COMMUNITY LEADERS TO (A) SERVE AS AMBASSADORS OF THE FOUNDATION AND THE SUPPORTED ORGANIZATIONS, (B) ASSIST THE SUPPORTED ORGANIZATIONS TO OBTAIN GIFTS THROUGH THE IDENTIFICATION, CULTIVATION AND SOLICITATION OF PROSPECTS AND IN THE ONGOING STEWARDSHIP OF DONORS, AND (C) PARTICIPATE IN THE PLANNING AND IMPLEMENTATION OF FUNDRAISING ACTIVITIES, INCLUDING BUT NOT LIMITED TO EVENTS AND CAMPAIGNS.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO SUPPORT THE CHARITABLE MISSIONS OF PLACE OF HOPE, INC., TREASURES FOR HOPE, INC. AND VILLAGE OF HOPE PALM BEACH COUNTY, INC.

  • CHARITABLE SUPPORT SERVICES FOR THE SUPPORTED ORGANIZATIONS AS LISTED IN THE MISSION STATEMENT.

    Expenses $698,689 · Grants $698,689

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

Listed in Part VII

  • CHARLES L BENDER III

    CHAIRMAN

    Total calculated
    $432,273
    From this org
    $0
    From related orgs
    $393,753
    Other
    $38,520
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,221 related
    Bonus
    $0 + $6,532 related
    Other
    $0
    Deferred
    $0 + $16,534 related
    Nontaxable benefits
    $0 + $21,986 related
    Filer's total
    $0 + $432,273 related

  • GEORGE HENDERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SAL TIANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RONALD MICKEY NOCERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREGORY KINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349304788

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