Heritage Village Foundation Inc
- Assets
- $7.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Southbury, CT
- Founding
- 09/1975
- Data as of
- 10/2022
- EIN
- 23-7427884
Organization Overview
Heritage Village Foundation Inc is located in Southbury, CT. The organization was established in 1975. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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 Village Foundation Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Heritage Village Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.0m during the year ending 10/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH RECREATIONAL FACILITIES AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUS TRIPS, DANCES, AND OTHER SOCIAL AND RECREATIONAL ACTIVITIES. PROVIDE AND MAINTAIN RECREATIONAL FACILITIES. THE FOUNDATION SERVED APPROXIMATELY 4,000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerry Leventhal President | Officer | 6 | $0 |
Zoe Milbank Secretary | Officer | 6 | $0 |
Mary Beth Walkley Vice President | Officer | 6 | $0 |
Nancy Terpening Treasurer | Officer | 6 | $0 |
Barbara Mechler Director | Trustee | 1 | $0 |
Joyce Hammond Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,120,881 |
| Investment income | $19,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,199,955 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $820,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,202 |
| Advertising and promotion | $0 |
| Office expenses | $4,807 |
| Information technology | $14,654 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $363 |
| 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 | $91,620 |
| Depreciation, depletion, and amortization | $312,354 |
| Insurance | $264,361 |
| All other expenses | $1,095 |
| Total functional expenses | $1,985,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,052 |
| Savings and temporary cash investments | $1,396,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,101 |
| Net Land, buildings, and equipment | $4,962,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,487 |
| Total assets | $7,064,810 |
| Accounts payable and accrued expenses | $35,437 |
| Grants payable | $0 |
| Deferred revenue | $8,849 |
| 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 | $44,286 |
| Net assets without donor restrictions | $7,020,524 |
| Net assets with donor restrictions | $0 |
| 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 | $7,064,810 |
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|---|---|---|
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Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |