Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $9,188,588

• 3 · Investment income

  total $58,742 · excluded $58,742

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,842,520 · program services $5,842,520

• 5 · Compensation of officers, directors and key employees

  total $125,777 · management and general $2,865 · fundraising $122,912

• 7 · Other salaries and wages

  total $3,683 · program services $3,388 · management and general $184 · fundraising $111

• 8 · Pension plan contributions

  total $573 · program services $527 · management and general $29 · fundraising $17

• 9 · Other employee benefits

  total $1,846 · program services $1,699 · management and general $92 · fundraising $55

• 10 · Payroll taxes

  total $9,837 · program services $9,050 · management and general $492 · fundraising $295

• 11c · Fees: accounting

  total $46,959 · management and general $46,959

• 11g · Fees: other

  total $31,480 · program services $31,480

• 12 · Advertising and promotion

  total $50,571 · program services $46,525 · management and general $2,529 · fundraising $1,517

• 13 · Office expenses

  total $65,664 · program services $60,411 · management and general $3,283 · fundraising $1,970

• 14 · Information technology

  total $300 · program services $276 · management and general $15 · fundraising $9

• 17 · Travel

  total $5,265 · program services $4,844 · management and general $263 · fundraising $158

• 19 · Conferences, conventions and meetings

  total $120,964 · program services $111,287 · management and general $6,048 · fundraising $3,629

• 20 · Interest

  total $75,660 · program services $69,607 · management and general $3,783 · fundraising $2,270

• 23 · Insurance

  total $14,489 · program services $13,330 · management and general $724 · fundraising $435

• 24a · Other expenses: FOOD & BEVERAGES

  total $72,689 · program services $66,874 · management and general $3,634 · fundraising $2,181

• 24b · Other expenses: EQUIP. RENTAL & MAINT.

  total $65,985 · program services $60,706 · management and general $3,299 · fundraising $1,980

• 24c · Other expenses: DONOR/VOLUNTEER

  total $11,291 · program services $10,388 · management and general $564 · fundraising $339

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,159 · end of year $215,030

• 2 · Savings and temporary cash investments

  beginning of year $928,063 · end of year $3,558,973

• 3 · Pledges and grants receivable

  beginning of year $126,000 · end of year $128,500

• 17 · Accounts payable and accrued expenses

  beginning of year $36,254 · end of year $200,758

• 23 · Secured mortgages and notes payable

  beginning of year $39,323 · end of year $19,323

• 27 · Net assets without donor restrictions

  beginning of year $980,645 · end of year $3,682,422

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION LEASES EMPLOYEES FROM A RELATED ORGANIZATION, THE HEIGHTS CENTER, INC., WHICH SETS THE COMPENSATION. THE PROCESS FOR DETERMINING THE CEO'S COMPENSATION INVOLVES COMPARING DATA WITH SIMILAR POSITIONS IN THE AREA AND THE USE OF DATA FROM THE NON-PROFIT TIMES AND BLUE WATER SALARY SURVEY UTILIZING THE FOLLOWING CRITERIA: FIELD OF WORK, NUMBER OF FULL-TIME EMPLOYEES OF THE ORGANIZATION, OPERATING BUDGET AND GEOGRAPHIC REGION. COMPENSATION REVIEWS ARE DONE IN THE SECOND QUARTER OF EVERY CALENDAR YEAR.

PART I, LINE 7

THE CEO'S BONUSES ARE DETERMINED BY AND GRANTED BY THE BOARD OF DIRECTORS. THE AMOUNT IS NOT BASED ON A FORMULA BUT RATHER GRANTED AT THE DISCRETION OF THE BOARD.

PART II & FORM 990, PART VII, SEC. A, LINE 5

DALE MAUSTELLER RECEIVES HIS FORM W-2 FROM THE HEIGHTS CHARTER SCHOOL, INC., AN AFFILIATED BUT UNRELATED ORGANIZATION FOR TAX PURPOSES. THE HEIGHTS FOUNDATION, INC REIMBURSES THE HEIGHTS CHARTER SCHOOL, INC. FOR A PORTION OF HIS SALARY. KATHRYN KELLY RECEIVED HER FORM W-2 FROM THE HEIGHTS CENTER, INC, A RELATED ORGANIZATION. THE HEIGHTS CHARTER SCHOOL INC, AN AFFILIATED BUT RELATED ORGANIZATION, REIMBURSES FOR PART OF KATHRYN'S SALARY. THIS PORTION FROM THE UNRELATED ORGANIZATION IS NOT INCLUDED ON THIS FORM 990.