Overview
What is Hobe Sound Bible College Inc?
Hobe Sound Bible College Inc is a nonprofit institution located in Hobe Sound, Florida. Serving a community of up to 200 college students, it offers four-year college programs, while catering to an additional 260 students in pre-K through 12th grade at its academy. The College's mission is deeply rooted in Christian education, with a goal of providing comprehensive instruction from preschool to the completion of college-level studies. With a dedicated workforce of 139 individuals, Hobe Sound Bible College Inc fosters an environment that nurtures the spiritual, intellectual, and personal growth of its students.
Official website here: www.hsbc.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
Hobe Sound Bible College Inc has received a solid three-star rating from Charity Navigator, reflecting an overall score of 88%. This score is notable for being derived solely from the Accountability & Finance category, indicating a strong focus on responsible financial management and transparency.
The organization demonstrates commendable strengths in several areas, including having a majority of independent board members and a strong commitment to accountability, as evidenced by their high scores for established policies such as conflict of interest and the absence of material diversion of assets. Their program expense ratio is also impressive at 81.56%, suggesting that the majority of their funds are directed towards their mission-related activities.
However, there are areas needing improvement, notably the absence of a whistleblower policy and document retention and destruction policy, both of which detract from their overall governance practices. Furthermore, the nonprofit has not posted its tax form on its website as required by the IRS, which may affect transparency perceptions among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hobe Sound Bible College Inc legitimate?
Hobe Sound Bible College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobe Sound Bible College Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,534,288
For more financial information, click here
Official website here: www.hsbc.edu
What is the mission statement of Hobe Sound Bible College Inc?
Hobe Sound Bible College Inc is committed to providing Christian education. This encompasses students from the pre-kindergarten level up to the fourth year of college. Their mission is to impart a strong Christian education, catering to around 200 college students in their four-year program and 260 students in their pre-kindergarten to 12th grade academy. The college aims to foster a spiritual and academic environment that encourages personal growth and the development of a strong Christian character.
Official website here: www.hsbc.edu
Who is the CEO of Hobe Sound Bible College Inc?
Paul Kaufman is the Chairman of Hobe Sound Bible College Inc.
Official website here: www.hsbc.edu
What is the revenue of Hobe Sound Bible College Inc?
Hobe Sound Bible College Inc's revenue in 2022 was $5,631,780.
Official website here: www.hsbc.edu
Who are the executives of Hobe Sound Bible College Inc and what are their salaries?
The average compensation at Hobe Sound Bible College Inc during 2022 was $11,038. There are 139 employees and 30 volunteers at Hobe Sound Bible College Inc.
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Official website here: www.hsbc.edu
Where can I find the form 990 for Hobe Sound Bible College Inc?
Hobe Sound Bible College Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hsbc.edu
Learn more at the official website: www.hsbc.edu
Mission Statement of Hobe Sound Bible College Inc
Hobe Sound Bible College Inc is dedicated to providing Christian education, serving students from preschool to the fourth year of college. Their mission encompasses offering educational instruction to up to 200 college students in four-year college programs and 260 students in pre-K through 12th grade academy programs. By providing a comprehensive education grounded in Christian values, Hobe Sound Bible College Inc aims to shape the minds and spirits of its students, preparing them for a fulfilling and purposeful life.
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Impact
July, 2024
Hobe Sound Bible College Inc has a significant impact on the community by providing Christian education to students from pre-kindergarten through college. With educational instruction offered to up to 200 college students in four-year college programs and 260 academy students in pre-K through 12th grade, the institution plays a crucial role in shaping the minds and values of the next generation. As a beacon of faith-based learning in Hobe Sound, Florida, Hobe Sound Bible College Inc's mission to provide Christian education is foundational in cultivating well-rounded individuals who are academically and spiritually enriched.
This information is meant to be a general summary of Hobe Sound Bible College Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,361
- Program Service Revenue: $2,562,329
- Gross Receipts: $5,680,855
Assets and Liabilities:
- Total Assets: $5,212,726
- Total Liabilities: $360,167
- Net Assets: $4,852,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMY TUITION AND FEES
Revenue
$1,172,058
COLLEGE TUITION AND FEES
Revenue
$870,478
FOOD CENTER REVENUE
Revenue
$346,299
STUDENT HOUSING
Revenue
$124,504
FACULTY HOUSING
Revenue
$48,990
Organization Details
Founding Year
1960
Phone
(772) 546-5534Principal Officer
Paul Kaufman
Main Address
PO BOX 1065, HOBE SOUND, FL, 334751065
Website
www.hsbc.eduNTEE Category
Code: B42Z - Education
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