Heritage Schools Inc
- Assets
- $1.8m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 662
- Location
- Provo, UT
- Founding
- 06/1997
- Data as of
- 06/2023
- EIN
- 87-0514958
Organization Overview
Heritage Schools Inc is located in Provo, UT. The organization was established in 1997. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Heritage Schools Inc employed 662 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Schools 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 06/2023, Heritage Schools Inc generated $19.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $20.9m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COST EFFECTIVE AND HIGH QUALITY THERAPUTIC TREATMENT TO ADOLESCENTS IN A SCHOOL ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL TREATMENT FACILITY FOR PSYCHIATRIC TREATMENT OF ADOLESCENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stevenson G Smith Board Member | Trustee | 1 | $6,825 |
Brad Jackman Board Member | Trustee | 1 | $3,500 |
Richard Evans Board Member | Trustee | 1 | $3,500 |
Gerald Spanos Current Board Chairman | Trustee | 40 | $124,680 |
Jalee Clarke Board Member | Trustee | 1 | $2,000 |
James Evans Board Member | Trustee | 1 | $2,000 |
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 | $136,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,158 |
| Total Program Service Revenue | $19,601,622 |
| Investment income | $0 |
| 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 | $19,737,780 |
| 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. | $1,543,499 |
| Compensation of current officers, directors, key employees. | $1,543,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,028,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,356,668 |
| Payroll taxes | $978,922 |
| 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 | $871,914 |
| Advertising and promotion | $110,326 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,859 |
| Interest | $30,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,321,826 |
| Total functional expenses | $20,912,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $961,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $147,501 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,800,249 |
| Accounts payable and accrued expenses | $1,433,977 |
| 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 | $518,538 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,319,442 |
| Total liabilities | $4,271,957 |
| Net assets without donor restrictions | -$2,689,752 |
| Net assets with donor restrictions | $218,044 |
| 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 | $1,800,249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Range Behavioral Health Greeley, CO | $47,399,838 | $45,247,257 |
Horizon Health And Wellness Inc Apache Junction, AZ | $34,132,707 | $41,486,241 |
Heritage Schools Inc Provo, UT | $1,800,249 | $19,737,780 |
Colorado West Inc Grand Junction, CO | $13,954,605 | $16,750,179 |
Bear River Mental Health Services Inc Logan, UT | $16,602,054 | $18,622,508 |
Kids Counseling Inc Las Vegas, NM | $2,205,494 | $1,691,252 |
High Country Early Intervention Inc Prescott, AZ | $123,642 | $1,122,946 |
Mark Allen Manor Foundation Inc Phoenix, AZ | $450,959 | $1,280,965 |
Sabin Group Inc Denver, CO | $2,632,710 | $823,003 |
Bethesda Foundation Inc Littleton, CO | $1,404,580 | $579,871 |
Clifford & Anna Olson Fbo Woodward Las Vegas, NV | $685,036 | $17,130 |
High Frontier Las Vegas, NM | $0 | $0 |