Heritage K-8 Charter
- Assets
- $6.5m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 143
- Location
- Escondido, CA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 30-0176736
Organization Overview
Heritage K-8 Charter is located in Escondido, CA. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Heritage K-8 Charter employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage K-8 Charter 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 06/2022, Heritage K-8 Charter generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 17.5% 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 OPERATE, MANAGE, GUIDE AND DIRECT HERITAGE K-8 PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CALIFORNIA PUBLIC CHARTER SCHOOL FOR GRADES KINDERGARTEN THROUGH EIGHTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Tugwell Financial Officer | OfficerTrustee | 2 | $0 |
Brian Williams President | OfficerTrustee | 2 | $0 |
Matthew Pound Vice President | OfficerTrustee | 2 | $0 |
Stephen Greiner Clerk | OfficerTrustee | 2 | $0 |
Brianna Crysler Member | Trustee | 2 | $0 |
Denise Lasley Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southland Technology Technology | 6/29/22 | $845,276 |
Pacific Play Systems Shade Structures | 6/29/22 | $302,698 |
Virco Tables And Desks | 6/29/22 | $242,175 |
Ctl Corporation Technology | 6/29/22 | $283,429 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,835,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,847,652 |
| Total Program Service Revenue | $0 |
| Investment income | $35,002 |
| 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 | $13,882,654 |
| 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 | $7,022,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,682,306 |
| 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 | $1,470,542 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,517,085 |
| Travel | $1,358 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $105,028 |
| Insurance | $107,149 |
| All other expenses | $0 |
| Total functional expenses | $15,239,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,577,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $385,516 |
| 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 | $107,213 |
| Net Land, buildings, and equipment | $1,399,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,469,529 |
| Accounts payable and accrued expenses | $1,104,454 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,104,454 |
| Net assets without donor restrictions | $4,585,127 |
| Net assets with donor restrictions | $779,948 |
| 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 | $6,469,529 |