Heritage Heights Academy Inc
- Assets
- $5.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Centennial, CO
- Founding
- 04/2016
- Data as of
- 06/2023
- EIN
- 47-5408066
Organization Overview
Heritage Heights Academy Inc is located in Centennial, CO. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Heritage Heights Academy Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Heights Academy 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 06/2023, Heritage Heights Academy Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 17.5% per year over the past 3 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
HERITAGE HEIGHTS ACADEMY MISSION IS TO PROVIDE AN EDUCATIONAL CHOICE THAT CHALLENGES ALL LEARNERS TO ACHIEVE INDIVIDUAL ACADEMIC SUCCESS, DEVELOP A STRONG CHARACTER, AND LEARN TO BE CONTRIBUTING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCLUDE ALL COSTS NECESSARY TO OPERATE A K-8 SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalia Miller-Forrest Principal | Officer | 40 | $126,855 |
Zach Coleman President | Trustee | 1 | $0 |
Jennifer Gibbons Vice President | Trustee | 1 | $0 |
Jamie Kristofco Secretary | Trustee | 1 | $0 |
Rich Wells Treasurer | Trustee | 1 | $0 |
Irina Shatalov Member - Fundraising | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,354 |
| Total Program Service Revenue | $5,895,698 |
| Investment income | $90,056 |
| 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 | $6,429,477 |
| 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. | $2,551,380 |
| Compensation of current officers, directors, key employees. | $122,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $638,030 |
| Other employee benefits | $273,725 |
| Payroll taxes | $35,641 |
| Fees for services: Management | $13,099 |
| Fees for services: Legal | $17,878 |
| Fees for services: Accounting | $48,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,189 |
| Office expenses | $0 |
| Information technology | $89,869 |
| Royalties | $0 |
| Occupancy | $888,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,676 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,922 |
| Insurance | $64,984 |
| All other expenses | $34,452 |
| Total functional expenses | $6,860,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,658,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,873 |
| 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 | $6,167 |
| Net Land, buildings, and equipment | $60,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,309,984 |
| Total assets | $5,135,087 |
| Accounts payable and accrued expenses | $1,165,203 |
| 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 | $5,681,313 |
| Total liabilities | $6,846,516 |
| Net assets without donor restrictions | -$1,711,429 |
| 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 | $5,135,087 |