National Heritage Foundation Inc
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $3.6m
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 58-2085326
Organization Overview
National Heritage Foundation Inc is located in Ashburn, VA. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Heritage 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 12/2021, National Heritage Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 7.4% 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 2014, National Heritage Foundation Inc has awarded 43 individual grants totaling $7,824,602. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS UNITED CHARITABLE, A DONOR ADVISED FUND ADMINISTRATOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NHF AMENDED ITS BYLAWS IN 2011 TO OPERATE EXCLUSIVELY AS A SUPPORT ORGANIZATION OF A SEPARATE 501(C)(3) ORGANIZATION, WHICH HAS BEEN APPROVED BY THE IRS. NHF AIMS TO PROMOTE PHILANTHROPY AND CHARITABLE ACTIVITY IN THIS MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Hooper Secretary & Treasurer | OfficerTrustee | 0.1 | $0 |
Janet Buchanan President | OfficerTrustee | 0.1 | $0 |
Stacy L Summitt Controller | Officer | 0.1 | $0 |
Julia Healey Finance Director | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,041,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,041,519 |
| Total Program Service Revenue | $82,204 |
| Investment income | $8,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,236,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,285,763 |
| 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 | $10,453 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,902 |
| Advertising and promotion | $0 |
| Office expenses | $1,359 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,839,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,805 |
| 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 | $230,000 |
| Investments—publicly traded securities | $32,282 |
| Investments—other securities | $3,639,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,189,529 |
| Accounts payable and accrued expenses | $317,008 |
| 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 | $317,008 |
| Net assets without donor restrictions | $3,872,521 |
| 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 | $4,189,529 |
Grants Awarded
Over the last fiscal year, National Heritage Foundation Inc has awarded $1,285,763 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Ashburn, VA PURPOSE: PROGRAM SUPPORT | $334,683 |
Ames, IA PURPOSE: 25% ATHLETIC DEPT FOR SCHOLARSHIPS TO STUDENT ATHLETES. 75% DEPT OF ELECTRICAL AND COMPUTER ENGINEERING STUDENT SCHOLARSHIPS. | $314,707 |
Spencer, IA PURPOSE: GENERAL SUPPORT | $314,707 |
BETHANY LUTHERAN CHURCH OF SPENCER PURPOSE: GENERAL SUPPORT | $314,707 |
Chicago, IL PURPOSE: HUMAN SERVICES - MULTIPURPOSE | $6,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Heritage Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Community Partnership Of Alabama Inc Birmingham, AL PURPOSE: GENERAL OPERATING COSTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |