Quantum House Inc
- Assets
- $10.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 15
- Location
- West Palm Beach, FL
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 65-0898326
Organization Overview
Quantum House Inc is located in West Palm Beach, FL. The organization was established in 1999. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Quantum House Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quantum House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Quantum House Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE A FACILITY THAT SERVES AS A "HOME AWAY FROM HOME" FOR FAMILIES OF CHILDREN WHO ARE BEING TREATED AT NEARBY COMMUNITY MEDICAL CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A FACILITY FOR GUESTS TO STAY WHILE THEIR CHILDREN WERE TREATED AT NEARBY COMMUNITY MEDICAL CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jurney Roberta CEO | OfficerTrustee | 40 | $141,575 |
Isiminger Rebecca Treasurer | OfficerTrustee | 2 | $0 |
Jones Kim Vice Chairman | OfficerTrustee | 2 | $0 |
Quattlebaum Greg Chairman | OfficerTrustee | 2 | $0 |
Walton Jim Secretary | OfficerTrustee | 2 | $0 |
Bell Kirk Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $379,148 |
| Related organizations | $0 |
| Government grants | $292,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,578,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,250,120 |
| Total Program Service Revenue | $267,583 |
| Investment income | $73,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,944 |
| Net Income from Fundraising Events | -$58,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$30,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,571,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,959 |
| Compensation of current officers, directors, key employees. | $8,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,119 |
| Pension plan accruals and contributions | $21,991 |
| Other employee benefits | $28,279 |
| Payroll taxes | $46,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,737 |
| Fees for services: Other | $33,326 |
| Advertising and promotion | $295 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,707 |
| Insurance | $64,981 |
| All other expenses | $80,742 |
| Total functional expenses | $1,690,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,118 |
| Savings and temporary cash investments | $51,577 |
| Pledges and grants receivable | $316,945 |
| Accounts receivable, net | $49,648 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $158,466 |
| Prepaid expenses and deferred charges | $22,391 |
| Net Land, buildings, and equipment | $5,142,716 |
| Investments—publicly traded securities | $3,601,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,247 |
| Total assets | $10,209,574 |
| Accounts payable and accrued expenses | $22,207 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,207 |
| Net assets without donor restrictions | $8,920,951 |
| Net assets with donor restrictions | $1,256,416 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,209,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quantum House Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Mgn Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $1,739,174 |
| Earnings | $212,242 |
| Net Contributions | $1,650,000 |
| Ending Balance | $3,601,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make A Wish Foundation Of Southern Florida Inc Fort Lauderdale, FL | $50,426,028 | $16,212,259 |
Atlanta Ronald Mcdonald House Charities Inc Atlanta, GA | $44,808,722 | $8,699,770 |
The Boggy Creek Gang Inc Eustis, FL | $48,280,117 | $10,273,506 |
Childrens Harbor Inc Alexander City, AL | $18,826,684 | $4,602,501 |
Lighthouse Family Retreat Inc Alpharetta, GA | $2,831,425 | $4,605,749 |
Make-A-Wish Foundation Of Central And Northern Florida Inc Maitland, FL | $7,400,227 | $4,541,194 |
Ronald Mcdonald House Charities Of Tampa Bay Inc Tampa, FL | $20,980,935 | $5,172,981 |
Ronald Mcdonald House Charities Of Jacksonville Inc Jacksonville, FL | $25,306,854 | $2,838,158 |
Ronald Mcdonald House Charities Of Central Florida Inc Orlando, FL | $15,414,463 | $3,824,990 |
Ronald Mcdonald House Charities Of Alabama Birmingham, AL | $20,083,207 | $3,567,970 |
Dreams Come True Of Jacksonville Inc Jacksonville, FL | $9,630,720 | $3,208,550 |
Smilefaith Inc New Port Richey, FL | $605,121 | $1,749,992 |