philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Quantum Foundation INC EIN 59-0812783 Form 990 (PDF) Claim this org

Quantum Foundation INC FY2022 filing

Not yet claimed Claim this org →

A private foundation based in West Palm Bch, FL. It reported about $5.8M in revenue for 2022. For fiscal year 2022 it reported $5.8M in revenue, $9.6M in expenses, and $146.3M in net assets.Pt I

Type
Private foundation / grantmaker · Hospitals
Location
West Palm Bch, FL
Website
www.quantumfnd.org
Filings
5 on file (2020–2022)
Revenue
$5.8MFY2022
Expenses
$9.6M
Net assets
$146.3M
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-0812783 Private foundation / grantmaker West Palm Bch, FL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 7/21/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Quantum Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
A private foundation based in West Palm Bch, FL. It reported about $5.8M in revenue for 2022.
Money in and out
$5.8M revenue, $9.6M expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$5.8M
Pt VIII · Ln 12
Total expenses
$9.6M
Pt IX · Ln 25
Net assets
$146.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3.8M
Total assets
148.7M
deployed as grants and operations
Grants paid
5.0M
in FY2022
Grants made
233grants
total in period
Payout rate
3%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 233 grants · $5.8M · 2024–2024
Foundcare INCFL · FY2024$500,500
Feeding South Florida INCFL · FY2024$250,000
Center for Child Counseling INCFL · FY2024$250,000
Genesis Community Health INCFY2024$150,000
Promise Fund of Florida INCFL · FY2024$146,668
Northend Rise INCFL · FY2024$130,000
Farm Share INCFL · FY2024$125,000
Pathways to Prosperity INCFY2024$110,000
The Salvation ArmyFY2024$100,000
The Lord's Place INCFL · FY2024$100,000
Florida Introduces Physical Activity and Nutrition to Youth IncorporatedFY2024$100,000
Rose Transportation Services INCFY2024$90,000
Adopt-A-Family of the Palm Beaches INCFL · FY2024$80,000
Glades Initiative INCFL · FY2024$75,000
Project Lift INCFY2024$75,000
Palm Beach County Food Bank INCFL · FY2024$75,000
Pace Center for GirlsFY2024$75,000
Meals on Wheels of the Palm Beaches INCFL · FY2024$75,000
See all 233 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV138
Average grantPart XV$25K
Median grantPart XV$10K
Largest grantPart XV$500K
Top cause focusNTEEHuman Services (16%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$5.8M
FY2022▼ -66%
Expenses
$9.6M
FY2022▲ +1%
Total assets
$148.7M
FY2022▼ -20%
Total liabilities
$2.4M
FY2022▼ -12%
Total revenue
$5.8M
Pt VIII · Ln 12
Total expenses
$9.6M
Pt IX · Ln 25
Net assets
$146.3M
Pt X · Ln 32
Total assetsPt II$148.7M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CQuantum Foundation INC
EINHdr · item D59-0812783
Principal addressHdr · item CWest Palm Bch, FL
WebsiteHdr · item Jwww.quantumfnd.org
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22)
Ruling yearIRS BMFMar 1959

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Quantum Foundation INC executive salaries →

Statement of Revenue

Part VIII
Investment income$3.4M · 58%
Other revenue$2.4M · 42%
Investment income58%$3.4M
Other revenue42%$2.4M
Total revenueLn 12$5.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.52 Operating & administrative $0.48
Grants & contributions paid52%$5.0M
Operating & administrative48%$4.6M
Total functional expensesLn 25$9.6M

Balance Sheet

Part X · end of year
CashLn 1$486K
Total assetsLn 16$148.7M
Total liabilitiesLn 26$2.4M
Total net assetsLn 32$146.3M
Months of cash on handcomputed0.6

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$12.3M revenue · ⤓ 990 PDF
FY2023$10.3M revenue · ⤓ 990 PDF
FY2022$5.8M revenue · viewing · ⤓ 990 PDF
FY2021$17.3M revenue · ⤓ 990 PDF
FY2020$13.7M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.