Heritage Family School
- Assets
- $8.0m
- Revenue
- $34.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, TX
- Founding
- 06/1995
- Data as of
- 07/2021
- EIN
- 74-2709925
Organization Overview
Heritage Family School, operating under the name Heritage School, is located in Fredericksburg, TX. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage School 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 07/2021, Heritage School generated $34.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $244.9k during the year ending 07/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SCHOOL IS TO PROVIDE A DISTINCTIVE CLASSICAL AND CHRIST-CENTERED EDUCATION THAT PREPARES STUDENTS FOR SERVANT-LEADERSHIP AND LIVES THAT GLORIFY GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC EDUCATION OF CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jared Squires Head Of School | Officer | 40 | $0 |
Ryan Hoover Trustee | Trustee | 1 | $0 |
Kenny Johnson Trustee | Trustee | 1 | $0 |
Matt Roberts Chairman | Trustee | 5 | $0 |
Larry Berkman Trustee | Trustee | 1 | $0 |
Keesha Odom Trustee | Trustee | 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 | $16,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,791 |
| Total Program Service Revenue | $1,294 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,731 |
| 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. | $11,462 |
| Compensation of current officers, directors, key employees. | $2,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,371 |
| Pension plan accruals and contributions | $2,922 |
| Other employee benefits | $505 |
| Payroll taxes | $12,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,046 |
| Advertising and promotion | $86 |
| Office expenses | $2,193 |
| Information technology | $1,242 |
| Royalties | $0 |
| Occupancy | $11,506 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,307 |
| Interest | $1,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,076 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $244,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,483 |
| Savings and temporary cash investments | $561,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,747 |
| 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 | $435 |
| Net Land, buildings, and equipment | $6,284,331 |
| Investments—publicly traded securities | $37,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,985,025 |
| Accounts payable and accrued expenses | $62,266 |
| Grants payable | $0 |
| Deferred revenue | $646,842 |
| 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 | $311,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,159 |
| Total liabilities | $1,278,022 |
| Net assets without donor restrictions | $6,595,524 |
| Net assets with donor restrictions | $111,479 |
| 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 | $7,985,025 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Family School has recieved totaling $10,558.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $558 |
Endowment Analysis
| Beg. Balance | $28,933 |
| Earnings | $779 |
| Ending Balance | $29,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |