Heart Of America Foundation
- Assets
- $19.9m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 62
- Location
- Washington, DC
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 52-2034127
Organization Overview
Heart Of America Foundation is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Heart Of America Foundation employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of America Foundation 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 12/2023, Heart Of America Foundation generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $14.2m during the year ending 12/2023. While expenses have increased by 18.6% per year over the past 9 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 2020, Heart Of America Foundation has awarded 55 individual grants totaling $911,033. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRANSFORMATION PROGRAM RENEWS COMMUNITY SUPPORT IN ENRICHING STUDENT LIVES, HELPING THEM REGAIN LOST OPPORTUNITIES FOR LEARNING BECAUSE OF DILAPIDATED AND OUTDATED FACILITIES. THE TRANSFORMATION PROGRAM TRANSFORMS SCHOOL LIBRARIES AND OTHER EDUCATIONAL COMMUNITY SPACES INTO ENGAGING LEARNING SPACES, SATURATING SCHOOL ENVIRONMENTS WITH NEW BOOKS. REMODELED SPACES ARE REVITALIZED WITH IMPROVED TECHNOLOGY, HIGH-QUALITY BOOKS, EDUCATION MATERIALS AND MODERN FURNITURE TO BECOME A VIBRANT LEARNING CENTER - THE NEW HEART OF A COMMUNITY.
RESOURCE DISTRIBUTION PROGRAM PUTS BOOKS, SCHOOL SUPPLIES AND VITAL TECHNOLOGY INTO THE HANDS OF CHILDREN WHO NEED THEM THE MOST. ELEMENTARY, MIDDLE AND HIGH SCHOOLS AND STUDENTS RECEIVE NEW, AGE-APPROPRIATE BOOKS TO REPLENISH SCHOOL, CLASSROOM AND HOME LIBRARIES. AT BOOK GIVEAWAY EVENTS, STAFF AND VOLUNTEERS READ TO CHILDREN AND ENGAGE IN INTER-GENERATIONAL ENRICHMENT AND EDUCATIONAL ACTIVITIES. THIS PROGRAM INTRODUCES YOUNG PEOPLE TO COMMUNITY SERVICE AND PROVIDES MEANINGFUL HANDS-ON EXPERIENCES. IN TIMES OF DISASTER AND PANDEMICS, THE PROGRAM WORKS DIRECTLY WITH IMPACTED SCHOOL DISTRICTS AND SCHOOLS TO GET GREATLY-NEEDED SUPPLIES AND BOOKS INTO THE HANDS AND HOMES OF FAMILIES/CHILDREN AS QUICKLY AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Heath President | OfficerTrustee | 60 | $250,000 |
Marcia Bullard Chairperson | OfficerTrustee | 2 | $0 |
Eric Schweikert Treasurer | OfficerTrustee | 1 | $0 |
Kelly Bozarth Board Member | Trustee | 0.5 | $0 |
Howard Byck Board Member | Trustee | 0.5 | $0 |
Mary Christ-Erwin Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avantis Education Supplier Services | 12/30/23 | $624,353 |
Global Equipment Supplier Services | 12/30/23 | $610,588 |
Atmosphere Commercial Interiors Supplier Services | 12/30/23 | $653,910 |
Fiero Design Consultant | 12/30/23 | $561,600 |
Paragon Furniture Supplier Services | 12/30/23 | $399,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,954 |
| Related organizations | $0 |
| Government grants | $131,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,032,020 |
| Noncash contributions included in lines 1a–1f | $347,276 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,171,839 |
| Total Program Service Revenue | $2,659,394 |
| Investment income | $673,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,517,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $321,241 |
| 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. | $259,878 |
| Compensation of current officers, directors, key employees. | $25,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,038,120 |
| Pension plan accruals and contributions | $83,193 |
| Other employee benefits | $216,598 |
| Payroll taxes | $266,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,168,191 |
| Advertising and promotion | $0 |
| Office expenses | $332,407 |
| Information technology | $132,803 |
| Royalties | $0 |
| Occupancy | $176,646 |
| Travel | $453,682 |
| 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 | $4,594 |
| Insurance | $9,803 |
| All other expenses | $985 |
| Total functional expenses | $14,151,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,142 |
| Savings and temporary cash investments | $16,761,249 |
| Pledges and grants receivable | $669,735 |
| Accounts receivable, net | $31,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,387,193 |
| Prepaid expenses and deferred charges | $250,231 |
| Net Land, buildings, and equipment | $5,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,862 |
| Total assets | $19,858,884 |
| Accounts payable and accrued expenses | $559,898 |
| 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 | $13,533,615 |
| Total liabilities | $14,093,513 |
| Net assets without donor restrictions | $4,494,495 |
| Net assets with donor restrictions | $1,270,876 |
| 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 | $19,858,884 |
Grants Awarded
Over the last fiscal year, Heart Of America Foundation has awarded $137,011 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BELMONT ELEMENTARY SCHOOL PURPOSE: EDUCATION MATERIALS | $26,811 |
MARYLAND BOOK BANK PURPOSE: EDUCATION MATERIALS | $20,009 |
JOHN BARRY ELEMENTARY SCHOOL PURPOSE: EDUCATION MATERIALS | $11,622 |
MAXSON MIDDLE SCHOOL PURPOSE: EDUCATION MATERIALS | $10,602 |
GRANT SAWYER MIDDLE SCHOOL PURPOSE: EDUCATION MATERIALS | $10,549 |
ROOSEVELT ELEMENTARY SCHOOL PURPOSE: EDUCATION MATERIALS | $9,337 |