Hearthstone Group
- Assets
- $233.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lolo, MT
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 91-1707711
Organization Overview
Hearthstone Group is located in Lolo, MT. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearthstone Group 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 12/2021, Hearthstone Group generated $59.9k 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 (16.5%) each year. All expenses for the organization totaled $163.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FOSTERING OF LOW INCOME HOUSING, PARTICULARY HOUSING AND RELATED SOCIAL SERVICES FOR ELDERLY AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wornath Executive Director | 20 | $24,000 | |
Rick Andereson Vice President | 1 | $0 | |
Pastor Mike President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $59,630 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $277 |
| Total Revenue | $59,907 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,000 |
| Professional fees and other payments to independent contractors | $6,180 |
| Occupancy, rent, utilities, and maintenance | $3,145 |
| Printing, publications, postage, and shipping | $93 |
| Other expenses | $2,376 |
| Total expenses | $163,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,439 |
| Other assets | $0 |
| Total assets | $233,498 |
| Total liabilities | $2,256 |
| Net assets or fund balances | $231,242 |
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