Heights Foundation Inc
- Assets
- $282.1k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Myers, FL
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 36-4736711
Organization Overview
Heights Foundation Inc is located in Ft Myers, FL. The organization was established in 2013. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heights Foundation Inc 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, Heights Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 24.1% 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.
Since 2015, Heights Foundation Inc has awarded 21 individual grants totaling $16,544,512. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS THE SUPPORT ORGANIZATION TO PROVIDE FUNDING AND RESOURCES TO THE HEIGHTS CENTER. THE HEIGHTS CENTER WORKS TO FUFILL THE ORIGINAL MISSION OF THE HEIGHTS FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF THE HEIGHTS FOUNDATION IS TO SUPPORT STRONG, SELF-SUFFICIENT FAMILIES IN THE HARLEM HEIGHTS COMMUNITY. THE FOUNDATION PROVIDES FUNDING AND SUPPORT TO THE HEIGHTS CENTER. IN FISCAL YEAR 2022, THE FOUNDATION PROVIDED OVER $1,000,000.00 TO THE HEIGHTS CENTER TO SUPPORT THEIR ACTIVITIES. HARLEM HEIGHTS IS A SEVERELY DISTRESSED COMMUNITY, WITH KIDS LIVING IN POVERTY AT TWICE THE RATE OF THE REST OF LEE COUNTY. THE SOLUTION TO POVERTY IS EDUCATION AND OPPORTUNITY. WITH YOUR HELP, WE CAN PROVIDE TUTORING FOR KIDS STRUGGLING IN SCHOOL, JOB TRAINING FOR HARD WORKING PARENTS, AND ACCESS TO LIFELONG EDUCATION AND WELLNESSCREATING AN ENTIRELY DIFFERENT FUTURE FOR FAMILIES IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Kelly President/ceo | OfficerTrustee | 30 | $0 |
Susan Ryan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jan-Erik Hustrulid Chair | OfficerTrustee | 1 | $0 |
Armando Llechu Vice Chair | OfficerTrustee | 1 | $0 |
Tracie Bagans Governance Chair | Trustee | 0.5 | $0 |
Bryan Filson Fund Development Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $527,596 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,872,105 |
| Noncash contributions included in lines 1a–1f | $97,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,399,701 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,356,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,440,000 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,340 |
| Advertising and promotion | $35,902 |
| Office expenses | $12,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,313 |
| Interest | $90,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,750,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,272 |
| Savings and temporary cash investments | $153,789 |
| Pledges and grants receivable | $126,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,061 |
| Accounts payable and accrued expenses | $165,334 |
| 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 | $59,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $224,657 |
| Net assets without donor restrictions | $57,404 |
| 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 | $282,061 |
Grants Awarded
Over the last fiscal year, Heights Foundation Inc has awarded $3,435,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE HEIGHTS CENTER PURPOSE: SUPPORT | $1,025,000 |
THE HEIGHTS LAND COMPANY INC PURPOSE: SUPPORT | $2,410,000 |