Heartwood Resources
- Assets
- $466.8k
- Revenue
- $522.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseburg, OR
- Founding
- 10/2005
- Data as of
- 12/2020
- EIN
- 93-1329192
Organization Overview
Heartwood Resources is located in Roseburg, OR. The organization was established in 2005. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartwood Resources 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 12/2020, Heartwood Resources generated $522.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $423.0k during the year ending 12/2020. While expenses have increased by 2.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLEDMATERIALS RECEIVED THROUGH DONATIONS OR DECONSTRUCTION OF OLD BUILDINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betti Manfre Secretary | OfficerTrustee | 1 | $0 |
Deb Lightcap Chair | OfficerTrustee | 1 | $0 |
Randall Mason Vice Chair/ Treasurer | OfficerTrustee | 1 | $0 |
Eric Harvey CFO | Officer | 5 | $0 |
Merten Bangemann-Johnson CEO | Officer | 5 | $0 |
Dylan Moncus Board Member (outgoing) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,193 |
| Total Program Service Revenue | $410,797 |
| 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 | $521,990 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,385 |
| Advertising and promotion | $399 |
| Office expenses | $4,542 |
| Information technology | $3,430 |
| Royalties | $0 |
| Occupancy | $39,986 |
| Travel | $464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,424 |
| All other expenses | -$38,542 |
| Total functional expenses | $423,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,211 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $230,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $466,779 |
| Accounts payable and accrued expenses | $92,519 |
| 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 | $71,024 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $343,140 |
| Total liabilities | $506,683 |
| Net assets without donor restrictions | -$39,904 |
| 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 | $466,779 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heartwood Resources has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
C Giles Hunt Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carbon Mapper Inc Pasadena, CA | $31,271,707 | $23,068,061 |
Bonneville Environmental Foundation Portland, OR | $37,270,230 | $22,287,565 |
Heat And Frost Insulators And Allied Work Hlth And Welf Trst Fnd West Covina, CA | $22,035,506 | $17,164,369 |
Valley Water Management Company Bakersfield, CA | $39,706,744 | $18,737,791 |
Oregon Climate Trust Portland, OR | $32,274,539 | $14,712,148 |
Northwest Insulation Workers Welfare Trust Seattle, WA | $27,184,053 | $9,687,519 |
Valley Can Sacramento, CA | $1,279,199 | $6,833,414 |
Southern California Mountains Foundation San Bernardino, CA | $4,368,064 | $6,209,639 |
Nature And Culture International Del Mar, CA | $9,466,383 | $7,280,421 |
Ertv Compliance Group Seattle, WA | $560,337 | $3,284,269 |
Seventh Generation Advisors Santa Monica, CA | $10,066,340 | $3,860,775 |
Environmental Research Center Inc San Diego, CA | $11,028,825 | $2,712,741 |