Overview
What is Hobe Sound Community Chest Inc?
Hobe Sound Community Chest Inc is a nonprofit organization situated in Hobe Sound, Florida. Its primary mission is to enhance the social and educational wellbeing of the entire community by funding various programs and initiatives catering to the needs of Hobe Sound residents. The organization achieves this by granting funds to numerous nonprofit organizations, expanding their services in areas such as child care, education, youth recreation, food, and shelter. In the current fiscal year, Hobe Sound Community Chest supported 44 service organizations. One of their notable initiatives, Hobe Sound Strong Start, aims to increase the number of Hobe Sound children who are prepared for kindergarten. The organization offers scholarships to quality early learning centers for children in economic need, supports community-based programs, introduces arts, music, and athletic programs to centers, and assists in building more space to serve children. The ultimate goal is to ensure that every Hobe Sound preschooler has a learning place by 2025. With a dedicated workforce of three individuals, Hobe Sound Community Chest continues to positively impact the community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Hobe Sound Community Chest Inc. has earned a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization’s perfect score in governance, with a fully independent board and adherence to best practices in financial oversight, underlines its reliability as a nonprofit. Additionally, a remarkable program expense ratio of 93.02% indicates that a significant portion of its funds directly supports its charitable activities.
User feedback highlights the organization's longstanding presence and credibility within the Hobe Sound community, having funded local charities for 67 years. Reviewers appreciate its accessibility and commitment to supporting various initiatives, including education and health services. The organization's involvement with grassroots efforts and reputable organizations like Habitat for Humanity strengthens its positive image among community members.
While the available ratings and reviews reflect a strong reputation, limitations regarding specific program details or outcomes were not mentioned. Overall, Hobe Sound Community Chest Inc. appears to be a well-regarded nonprofit with a focus on effective community support and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Hobe Sound Community Chest Inc legitimate?
Hobe Sound Community Chest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobe Sound Community Chest 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: $149,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $167,980
For more financial information, click here
What is the mission statement of Hobe Sound Community Chest Inc?
The mission of Hobe Sound Community Chest Inc. is centered around promoting the social and educational wellbeing of the entire community. This is achieved by funding programs and initiatives that cater to the needs of residents in the community. The organization supports various non-profit organizations, whose services enhance the quality of life for community members. The scope of these services encompasses areas such as child care, education, youth recreation, food and shelter, among others. In the current fiscal year, Hobe Sound Community Chest Inc. supported forty-four service organizations. The organization has an initiative called Hobe Sound Strong Start, aiming to increase the number of community children ready to learn when they enter kindergarten. To achieve this, the Chest is awarding scholarships to quality early learning centers for children with economic needs, supporting community-based programs for children who cannot attend centers, bringing arts, music, and athletic programs to the centers, and helping centers build more space to serve children. The ultimate goal is for every Hobe Sound preschooler to have a place to learn and the means to attend by 2025.
Who is the CEO of Hobe Sound Community Chest Inc?
Scott R Berry is the Executive Director / Secretary of Hobe Sound Community Chest Inc.
What is the revenue of Hobe Sound Community Chest Inc?
Hobe Sound Community Chest Inc's revenue in 2023 was $2,982,726.
Who are the executives of Hobe Sound Community Chest Inc and what are their salaries?
The average compensation at Hobe Sound Community Chest Inc during 2023 was $105,805. There are 3 employees and 44 volunteers at Hobe Sound Community Chest Inc.
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- Compensation: $149,436
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- Other: $18,866
Where can I find the form 990 for Hobe Sound Community Chest Inc?
Hobe Sound Community Chest Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hobe Sound Community Chest Inc
Hobe Sound Community Chest Inc is an organization dedicated to enhancing the social and educational wellbeing of its entire community. Their mission is accomplished by funding programs and initiatives that serve the needs of Hobe Sound residents. The scope of these services covers various aspects of community life, including child care, education, youth recreation, food and shelter, and other areas that directly impact the community's greater good.
In a proactive effort to support the community, Hobe Sound Community Chest Inc issues grants to numerous non-profit organizations. These grants enable these organizations to provide essential services that improve the quality of life for Hobe Sound residents. By funding these programs, the Community Chest contributes to the overall strength and wellbeing of the community.
One of the Community Chest's initiatives is Hobe Sound Strong Start, a program aimed at increasing the number of Hobe Sound children who are ready to learn when they enter kindergarten. To achieve this goal, the Chest awards scholarships to quality early learning centers for children with economic needs. They also support community-based programs for children who cannot attend these centers, introduce arts, music, and athletic programs to the centers, and help centers build additional space to serve more children. The ultimate aim is to ensure that every Hobe Sound preschooler has access to quality education and the means to attend by 2025.
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Impact
July, 2024
Hobe Sound Community Chest Inc's impact is significant in promoting the social and educational wellbeing of the entire community by funding programs and initiatives that serve Hobe Sound residents in need. The organization issues grants to other non-profit organizations that enhance the quality of life for residents, with a focus on areas such as child care, education, youth recreation, food, and shelter. In the current fiscal year, they have supported forty-four service organizations, showcasing their widespread impact.
One notable initiative is the Hobe Sound Strong Start program, which aims to increase the number of children in Hobe Sound who are ready to learn when they enter kindergarten. Through awarding scholarships to quality early learning centers for children with economic need, supporting community-based programs for children who cannot attend centers, bringing arts, music, and athletic programs to the centers, and aiding in expanding center space to serve more children, the organization is investing in the educational foundation of the community's youth.
By 2025, the goal is for every preschooler in Hobe Sound to have access to a place to learn and the resources to attend. Through these efforts, Hobe Sound Community Chest Inc is making a lasting impact on the community, ensuring a brighter future for its residents.
This information is meant to be a general summary of Hobe Sound Community Chest 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 2023.
- Investment Income: $207,813
- Gross Receipts: $4,109,651
Assets and Liabilities:
- Total Assets: $2,974,615
- Total Liabilities: $175,500
- Net Assets: $2,799,115
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Organization Details
Founding Year
1949
Phone
(772) 545-9072Principal Officer
Scott R Berry
Main Address
PO BOX 511, HOBE SOUND, FL, 334750511
NTEE Category
Code: T700 - Philanthropy
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