Heritage Mark Foundation
- Assets
- $12.8m
- Revenue
- $835.6k
- Investments
- $12.6m
- Employees
- 0
- Location
- Castle Rock, CO
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 23-7017100
Organization Overview
Heritage Mark Foundation is located in Castle Rock, CO. 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 12/2022, Heritage Mark Foundation generated $835.6k 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 (28.9%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (50.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Heritage Mark Foundation has awarded 107 individual grants totaling $8,600,426. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Foote President | 0.5 | $0 | |
Matthew D Foote Treasurer/ Secretary | 0.5 | $0 | |
Amy E Foote Vice President | 0.5 | $0 | |
David R Foote President | 0.5 | $0 | |
Matthew D Foote Treasurer/ Secretary | 0.5 | $0 | |
Amy E Foote Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $845,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,836 |
| Capital Gain Net Income | $6,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$16,769 |
| Total Revenue | $835,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,016 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71,002 |
| Total operating and administrative expenses | $102,552 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $102,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,772 |
| Savings and temporary cash investments | $0 |
| 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 | $12,562,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,800,705 |
| 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 | $1,558 |
| Total liabilities | $1,558 |
Grants Awarded
Over the last fiscal year, Heritage Mark Foundation has awarded $4,490,953 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BERACHAH CHURCH PURPOSE: GENERAL OPERATIONS | $50,000 |
CHRISTIANS AT EAST LANSING PURPOSE: GENERAL OPERATIONS | $145,369 |
THE CLEVELAND CLINIC FOUNDATION PURPOSE: HEART CENTER | $50,000 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: CONTRIBUTIONTO DESIGNATEDGIFT FUNDS | $4,119,584 |
RB THIEME JR BIBLE MINISTRIES PURPOSE: GENERAL OPERATIONS | $50,000 |
REGENTS OF UNIV OF MICHIGAN PURPOSE: MECHANICAL ENG.UNDERGRADUATEFINANCIAL AID FUND | $5,000 |