PLACE OF HOPE FOUNDATION INC

EIN: 612091694 501(c)(3) Human Services

PALM BEACH GARDENS, FL

Total Revenue
$25,172,576
Total Expenses
$781,717
Total Assets
$25,368,067
Net Assets
$25,368,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
FL
Principal Officer
CHARLES L BENDER III
Phone
5617757195
Tax Period
2023-04-18 to 2023-12-31

PLACE OF HOPE FOUNDATION INC, founded in 2023, is a mid-sized nonprofit in the Human Services sector that reported $25.2M in total revenue in fiscal year 2023. The organization ran a surplus of $24.4M, a strong 97% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $698,689

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,705,943
Program Service Revenue $0
Investment Income $466,633
Other Revenue $0
TOTAL REVENUE $25,172,576

Expense Breakdown

Grants Paid $698,689
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $698,689
Other Expenses $83,028
TOTAL EXPENSES $781,717

Year-over-Year Comparison

2023 2022 Change
Revenue $25,172,576 N/A N/A
Expenses $781,717 N/A N/A
Net Income $24,390,859 N/A N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$432,273
Total Directors
5
$432,273
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES L BENDER III CHAIRMAN 1.00
Officer Director
$0 $38,520 $432,273
GEORGE HENDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
SAL TIANO TRUSTEE 1.00
Director
$0 $0 $0
RONALD MICKEY NOCERA TRUSTEE 1.00
Director
$0 $0 $0
GREGORY KINO TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $25,172,576 $781,717 $25,368,067 $24,390,859
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