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Nonprofiteer
← HEARTSPRING LEGACY FOUNDATION

Form 990 for tax year 2023

Filed by HEARTSPRING LEGACY FOUNDATION.

Totals

Total revenue
$10,180,132
Total expenses
$497,195
Contributions and grants received
$9,376,239
Grants paid
$462,000
Program service revenue
$0
Investment income
$803,893
Other revenue
$0
Total assets, end of year
$10,415,612
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,415,612
Program services expenses (Part IX)
$462,000
Management and general expenses
$35,195
Fundraising expenses
$0
Program service expenses (Part III)
$462,000

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $9,376,239

  • 1g · Noncash contributions included above

    $9,183,827

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $244,552 · excluded $244,552

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,526,188

  • 7b · Less cost or other basis and sales expenses

    securities $2,966,847

  • 7c · Gain or loss

    securities $559,341 · other assets $0

  • 7d · Net gain or loss

    total $559,341 · excluded $559,341

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $462,000 · program services $462,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11f · Fees: investment management

    total $35,195 · management and general $35,195

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $81,240

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $6,006,727

  • 12 · Investments: other securities

    beginning of year $0 · end of year $4,327,645

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $10,415,612

Mission and programs · 2023

Mission

TO FINANCIALLY SUPPORT THE VARIOUS ACTIVITIES AND PROJECTS OF ITS SOLE MEMBER, HEARTSPRING, INC.

  • FINANCIALLY SUPPORTED THE VARIOUS ACTIVITIES AND PROJECTS OF ITS SOLE MEMBER, HEARTSPRING, INC.

    Expenses $462,000 · Grants $462,000

As filed on the 2023 return.

Listed in Part VII

  • Crystal Hough

    CFO HEARTSPRING - SEC./TREAS./DIRECTOR

    Total calculated
    $192,868
    From this org
    $0
    From related orgs
    $179,149
    Other
    $13,719
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,244 related
    Bonus
    $0 + $20,905 related
    Other
    $0
    Deferred
    $0 + $3,692 related
    Nontaxable benefits
    $0 + $10,027 related
    Filer's total
    $0 + $192,868 related

  • Greg Howell

    CHAIRPERSON/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kenny Bui

    COO HEARTSPRING - SEC./TREAS. - END 04/2024

    Total calculated
    $188,307
    From this org
    $0
    From related orgs
    $160,033
    Other
    $28,274
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,033 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,212 related
    Nontaxable benefits
    $0 + $23,062 related
    Filer's total
    $0 + $188,307 related

  • Alan Howarter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Glenn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Machain

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Engels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Harbison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Zellers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349317000

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