Heritage Academy Inc is located in Mesa, AZ. The organization was established in 2016. 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 06/2021, Heritage Academy Inc employed 211 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Heritage Academy 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 06/2021, Heritage Academy Inc generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $12.8m during the year ending 06/2021. While expenses have increased by 17.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENTS WITH A CLEAN, MORAL, POSITIVE ATMOSPHERE. ENCOURAGE STUDENTS TO MASTER THE PRIMARY AND SECONDARY SKILLS IN THE FIELDS OF HISTORY, MATH, WRITING, LITERATURE, GRAMMAR, READING, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE ACADEMY, INC. OPERATES AS A CHARTER SCHOOL FOR GRADES 7-12 IN THE GREATER PHOENIX AREA. THE SCHOOL HAD APPROXIMATELY 787 STUDENTS ENROLLED DURING THE 2020-2021 SCHOOL YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jared Taylor Chairman/ceo | OfficerTrustee | 23 | $153,640 |
Erik Vogelsberg CFO | Officer | 23 | $107,437 |
Heidi Udall Principal | Trustee | 40 | $103,505 |
Marie Renard Director | Trustee | 40 | $95,829 |
Eve Seaman Director | Trustee | 40 | $93,337 |
Raymond Jones Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,777,109 |
All other contributions, gifts, grants, and similar amounts not included above | $35,607 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,812,716 |
Total Program Service Revenue | $11,642,329 |
Investment income | $340 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,455,385 |
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. | $553,748 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,893,044 |
Pension plan accruals and contributions | $802,500 |
Other employee benefits | $202,605 |
Payroll taxes | $509,589 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,980 |
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 | $801,653 |
Advertising and promotion | $19,247 |
Office expenses | $40,770 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $488,006 |
Travel | $134,684 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $23,826 |
Interest | $916,633 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $480,823 |
Insurance | $276,193 |
All other expenses | $652,988 |
Total functional expenses | $12,806,289 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,217,899 |
Savings and temporary cash investments | $594,598 |
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 | $237,356 |
Net Land, buildings, and equipment | $14,269,077 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,044,719 |
Total assets | $18,363,649 |
Accounts payable and accrued expenses | $966,685 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $13,211,561 |
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 | $490,773 |
Total liabilities | $14,669,019 |
Net assets without donor restrictions | $3,694,630 |
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 | $18,363,649 |
Over the last fiscal year, we have identified 1 grants that Heritage Academy Inc has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |
The High Desert Partnership In Academic Excellence Foundation Inc Apple Valley, CA | $122,407,472 | $39,911,807 |