Heritage Christian College Foundation Usa
- Assets
- $358.0k
- Revenue
- $2.6m
- Investments
- $4.2k
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 07/2009
- Data as of
- 09/2022
- EIN
- 26-3319336
Organization Overview
Heritage Christian College Foundation Usa is located in Frisco, TX. The organization was established in 2009. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Christian College Foundation USA 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 09/2022, Heritage Christian College Foundation USA generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.2m during the year ending 09/2022. While expenses have increased by 12.4% 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
PROVIDE BUILDING AND OPERATIONAL FUNDS TO HERITAGE CHRISTIAN COLLEGE, ANDFUNDING FOR RELATED MISSIONARY WORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OPERATIONAL AND BUILDING FUNDS TO HERITAGE CHRISTIAN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deon Fair Chairman | Trustee | 20 | $0 |
Shane Mcclung Board Member | Trustee | 1 | $0 |
Bart Moyers Board Member | Trustee | 1 | $0 |
John Siburt Secretary - Treasurer | 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 | $2,611,781 |
| Noncash contributions included in lines 1a–1f | $1,922,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,611,781 |
| Total Program Service Revenue | $0 |
| Investment income | $4,106 |
| 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 | $2,639,589 |
| 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 | $3,053,921 |
| 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 | $0 |
| 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 | $5,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,887 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $124 |
| Total functional expenses | $3,177,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,526 |
| Savings and temporary cash investments | $11,672 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $272,646 |
| Investments—other securities | $4,200 |
| Investments—program-related | $48,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $358,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $32,511 |
| Unsecured mortgages and notes payable | $379,582 |
| Other liabilities | $0 |
| Total liabilities | $412,093 |
| Net assets without donor restrictions | $0 |
| 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 | -$54,049 |
| Total liabilities and net assets/fund balances | $358,044 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Heritage Christian College Foundation Usa has recieved totaling $99,299.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $88,161 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
One For Israel Colleyville, TX | $5,843,119 | $15,786,263 |
Heifer International Foundation Little Rock, AR | $202,759,747 | $11,394,523 |
Fundacion Teleton Usa San Antonio, TX | $20,245,090 | $5,684,904 |
Heritage Christian College Foundation Usa Frisco, TX | $358,044 | $2,639,589 |
Friends Of Cantera Inc Baton Rouge, LA | $645,392 | $889,601 |
Leo Baeck Education Center Foundation Bellaire, TX | $14,369 | $380,117 |
Sewing Hope Foundation Edmond, OK | $12,946 | $0 |
Hogar Infantil Texas Inc Granbury, TX | $1,673,365 | $254,834 |
American Friends Of The Spafford Childrens Center Fund New Orleans, LA | $198,290 | $0 |
Divine Destiny Ministries Little Rock, AR | $166,674 | $0 |
Luket Ministries Inc Owasso, OK | $15,129 | $0 |
Foundation For Amigos De Las Americas Houston, TX | $978,428 | $32,404 |