Heritage Mark Foundation
- Assets
- $12.1m
- Revenue
- $372.6k
- Investments
- $8.2m
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7017100
Organization Overview
Heritage Mark Foundation is located in East Lansing, MI. The organization was established in 1969. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Mark Foundation 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, Heritage Mark Foundation generated $372.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Heritage Mark Foundation has awarded 151 individual grants totaling $11,101,517. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew D Foote Treas/sec | 0.5 | $0 | |
David R Foote President | 0.5 | $0 | |
Amy E Foote Vice Pres | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,297 |
| Interest on Savings | $998 |
| Dividends & Interest | $468,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $430,747 |
| Net ST Capital Gain | $215,050 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$104,001 |
| Total Revenue | $372,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $265 |
| Taxes | $15,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98,588 |
| Total operating and administrative expenses | $117,032 |
| Contributions, gifts, grants paid | $4,490,953 |
| Total expenses and disbursements | $4,607,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,817,519 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,581 |
| Total assets | $12,066,077 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Heritage Mark Foundation has awarded $4,490,953 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: CONTRIBUTIONTO DESIGNATEDGIFT FUNDS | $4,119,584 |
CHRISTIANS AT EAST LANSING PURPOSE: GENERAL OPERATIONS | $145,369 |
THE CLEVELAND CLINIC FOUNDATION PURPOSE: HEART CENTER | $50,000 |
Houston, TX PURPOSE: GENERAL OPERATIONS | $50,000 |
Cordele, GA PURPOSE: GENERAL OPERATIONS | $50,000 |
BERACHAH CHURCH PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |
Historical Society Of Michigan Lansing, MI | $2,060,475 | $1,664,694 |
Michigan State Tr For Railway Pres Inc Owosso, MI | $6,031,068 | $2,296,352 |
Historical Society Of Saginaw County Inc Saginaw, MI | $1,645,608 | $1,278,498 |
Stark County Historical Society Canton, OH | $9,332,303 | $1,047,258 |