Heritage Academy Incorporated
- Assets
- $584.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Kalispell, MT
- Founding
- Data as of
- 06/2024
- EIN
- 85-1401422
Organization Overview
Heritage Academy Incorporated is located in Kalispell, MT. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Heritage Academy Incorporated employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Academy Incorporated 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 06/2024, Heritage Academy Incorporated generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $908.9k during the year ending 06/2024. While expenses have increased by 45.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HERITAGE BLENDS THE BEST OF HOMESCHOOL AND PRIVATE SCHOOL TO CREATE A HYBRID ACADEMIC COMMUNITY THAT PROVIDES CHRISTIAN, CLASSICAL LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISION: FAMILIES UNITED IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.MISSION: HERITAGE ACADEMY PARTNERS WITH FAMILIES TO CULTIVATE THE SOULS OF THEIR CHIIDREN SO THEY GROW IN WISDOM AND VIRTUE AS WE SEEK TO LOVE GOD AND OTHERS.VOLUNTEERS: DURING THE 2023-24 YEAR, APPROXIMATELY 83 PARENT-VOLUNTEERS SERVED OVER 7,350 HOURS (VALUED AT $147,000) TO PARTNER WITH HERITAGE ACADEMY TO ACCOMPLISH ITS MISSION & VISION AS STATED ABOVE. IN ADDITION, $19,620 WAS DONATED THROUGH IN-KIND PAYROLL DONATIONS AND THE EQUIVALENT OF $4,865 WAS DONATED IN CONTRACTED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Anderson Chairman | OfficerTrustee | 1.5 | $0 |
Dan Tintzman Board Member | Trustee | 1 | $0 |
Mark Ochenrider Board Member | Trustee | 1 | $0 |
John Thomas Vice-Chairman | OfficerTrustee | 1.5 | $0 |
Melissa Quast Treasurer | OfficerTrustee | 10 | $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 | $526,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,405 |
| Total Program Service Revenue | $665,467 |
| Investment income | $12,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,564 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,400 |
| 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 | $560,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13 |
| Office expenses | $4,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,294 |
| Travel | $4,556 |
| 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 | $6,259 |
| All other expenses | $45,747 |
| Total functional expenses | $908,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,990 |
| Savings and temporary cash investments | $17,621 |
| 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 | $0 |
| Investments—publicly traded securities | $516,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,376 |
| Total assets | $584,644 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,698 |
| Total liabilities | $3,698 |
| Net assets without donor restrictions | $0 |
| 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 | $580,946 |
| Total liabilities and net assets/fund balances | $584,644 |