Place of Hope Foundation Inc
Nonprofit profile at a glance
- EIN
- 612091694
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Palm Beach Gardens, FL, USA
- Phone
- 5617757195
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $2,447,110
- Expenses
- $868,710
- Assets
- $29,868,310
- Liabilities
- $1,312
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- CHARLES L BENDER III (CHAIRMAN): $460,828 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Place of hope foundation, inc. (the "organization"), was incorporated on april 18, 2023, and is a not-for-profit, tax-exempt supporting organization. The organization's purpose is to support the charitable missions of place of hope, inc., place of hope at the haven campus, inc. D/b/a place of hope at the leighan and david rinker campus, treasures for hope, inc. D/b/a peninsula social enterprises, and village of hope of palm beach county, inc. (collectively, the "supported orgaizations")
What it reported doing in 2024
The organization's purpose is to support the charitable missions of place of hope, inc., place of hope at the haven campus, inc. D/b/a place of hope at the leighan and david rinker campus, treasures for hope, inc. D/b/a peninsula social enterprises, and village of hope of palm beach county, inc. (collectively, the "supported orgaizations") by providing a vehicle for community leaders to (a) serve as ambassadors of the organization 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.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 75
- Accountability: 72
- Sustainability: 91
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.8%; rating input score 50
- Program expense ratio: 74.3%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 64.5%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 34.38; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -7.9% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -164.6% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 49.8% of revenue deployed · 74.3% of spending went to programs
- Governance: 4 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $646K in reported program spending
- Leadership: top reported pay $461K · 5 people listed · 1 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.