Heights Foundation Inc
- Assets
- $18.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Myers, FL
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 65-1003872
Organization Overview
Heights Foundation Inc is located in Ft Myers, FL. The organization was established in 2001. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities 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 $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $250.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HEIGHTS LAND COMPANY HOLDS THE LAND AND IMPROVEMENTS FOR "DBA THE HARLEM HEIGHTS CULTURAL ARTS AND COMMUNITY CENTER" IN ADDITION TO OTHER REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS THE LAND AND IMPROVEMENTS FOR THE HARLEM HEIGHTS CULTURAL ARTS AND COMMUNITY CENTER IN ADDITION TO OTHER REAL PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Kelly President/ceo | OfficerTrustee | 2 | $0 |
Susan Ryan Secretary/treasurer | OfficerTrustee | 0.5 | $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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Owen Ames Kimball Co Construction | 6/29/20 | $824,326 |
Rg Architects Architect Serv | 6/29/20 | $506,703 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,410,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,410,000 |
| Total Program Service Revenue | $165,000 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $393,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,968,998 |
| 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. | $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 | $3,360 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,039 |
| Advertising and promotion | $0 |
| Office expenses | $5,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,757 |
| 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 | $33,135 |
| Insurance | $52,563 |
| All other expenses | $0 |
| Total functional expenses | $250,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,537 |
| Savings and temporary cash investments | $332,061 |
| Pledges and grants receivable | $0 |
| 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 | $17,566,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,750 |
| Total assets | $18,463,446 |
| Accounts payable and accrued expenses | $69,602 |
| 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 | $2,748,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,585 |
| Total liabilities | $2,837,873 |
| Net assets without donor restrictions | $15,625,573 |
| 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 | $18,463,446 |