Heartland Industries Incorporated
- Assets
- $5.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 194
- Location
- Saint Louis, MO
- Founding
- 06/1973
- Data as of
- 06/2023
- EIN
- 43-0987614
Organization Overview
Heartland Industries Incorporated is located in Saint Louis, MO. The organization was established in 1973. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Heartland Industries Incorporated employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Industries Incorporated 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 06/2023, Heartland Industries Incorporated generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHELTERED WORKSHOP
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT OF INDIVIDUALS CERTIFIED AS BEING UNABLE TO OPERATE IN A COMPETITIVE ENVIRONMENT, HOWEVER, ARE EMPLOYABLE IN A SHELTERED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hasting President | OfficerTrustee | 1 | $0 |
Terry Gibbons Board Member | OfficerTrustee | 1 | $0 |
Tom Brown Secetary | OfficerTrustee | 1 | $0 |
Jim Breitenstein Treasurer | OfficerTrustee | 1 | $0 |
Sharon Sedlack Assistant Treasurer | OfficerTrustee | 1 | $0 |
Eileen Cole Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,535 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,370,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,100 |
| Total Program Service Revenue | $976,253 |
| Investment income | $16,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,389,390 |
| 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. | $159,073 |
| Compensation of current officers, directors, key employees. | $159,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,318,510 |
| Pension plan accruals and contributions | $16,143 |
| Other employee benefits | $196,308 |
| Payroll taxes | $113,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,092 |
| Fees for services: Accounting | $45,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,109 |
| Advertising and promotion | $9,996 |
| Office expenses | $15,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,526 |
| Insurance | $56,994 |
| All other expenses | $62,175 |
| Total functional expenses | $2,431,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,657,269 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $221,005 |
| 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 | $20,864 |
| Net Land, buildings, and equipment | $3,760,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,909,247 |
| Accounts payable and accrued expenses | $153,265 |
| 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 | $2,908,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,062,071 |
| Net assets without donor restrictions | $2,847,176 |
| 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 | $5,909,247 |