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← AMERICAN HERITAGE EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN HERITAGE EDUCATION FOUNDATION.

Totals

Total revenue
$3,175,978
Total expenses
$2,551,336
Contributions and grants received
$83,625
Grants paid
$42,791
Program service revenue
$2,388,108
Investment income
$180,245
Other revenue
$524,000
Total assets, end of year
$44,131,774
Total liabilities, end of year
$30,926,606
Net assets or fund balances, end of year
$13,205,168
Program services expenses (Part IX)
$61,494
Management and general expenses
$2,489,842
Fundraising expenses
$0
Program service expenses (Part III)
$61,494

Program services were 2.4% 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.

  • 1f · All other contributions, gifts and grants

    $83,625

  • 2a · Program service revenue: CHARTER LEASE PYMTS

    total $2,374,908 · related or exempt $2,374,908

  • 2b · Program service revenue: YMCA RENT PAYMENTS

    total $13,200 · related or exempt $13,200

  • 3 · Investment income

    total $180,245 · related or exempt $180,245

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: ESCROW DEPOSIT RETURN

    total $24,000 · related or exempt $24,000

  • 11b · Other revenue: YMCA SETTLEMENT

    total $500,000 · related or exempt $500,000

  • 11e · Other revenue, total

    $524,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $42,791 · program services $42,791

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $26,122 · management and general $26,122

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,324,924 · management and general $1,324,924

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,043,827 · management and general $1,043,827

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER PROFESSIONAL SERVICES

    total $92,430 · management and general $92,430

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $19,502 · program services $18,703 · management and general $799

  • 24c · Other expenses: DONATIONS

    total $1,740 · management and general $1,740

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,256,735 · end of year $6,104,596

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $54,916,254

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

    $16,889,076

  • 10c · Land, buildings and equipment, net

    beginning of year $39,071,005 · end of year $38,027,178

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,958 · end of year $33,126

  • 20 · Tax-exempt bond liabilities

    beginning of year $31,726,256 · end of year $30,893,480

  • 27 · Net assets without donor restrictions

    beginning of year $12,580,526 · end of year $13,205,168

Mission and programs · 2024

Mission

SUPPORTING SERVICES AND FACILITY USE FOR EDUCATION OF PUBLIC CHARTER SCHOOL STUDENTS IN GRADES K-12

Activities or mission (Part I)

TO PROVIDE SUPPLEMENTAL FINANCIAL SUPPORT FOR THE ESCONDIDO CHARTER HIGH SCHOOL AND HERITAGE K-8 THROUGH DONATIONS TO SUPPLEMENT THE EDUCATION OF CHILDREN AND THROUGH A LEASE AGREEMENT FOR THE USE OF FACILITIES FOR CHARTER SCHOOL USE.

  • THE ORGANIZATION PROVIDES SUPPLEMENTAL SUPPORT TO THE ESCONDIDO CHARTER HIGH SCHOOL AND HERITAGE K-8 CHARTER SCHOOL FOR EDUCATIONAL AND STUDENT ACTIVITIES. BOND FUNDED SCHOOL FACILITIES ARE MADE AVAILABLE TO THE CHARTER SCHOOLS, WHO IN TURN HAVE A LEASE ARRANGEMENT WITH THE FOUNDATION.

    Expenses $61,494 · Grants $42,791

As filed on the 2024 return.

Listed in Part VII

  • Jonathan Takagi

    BUSINESS MGR

    Total calculated
    $222,532
    From this org
    $0
    From related orgs
    $173,053
    Other
    $49,479
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $173,053 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $34,111 related
    Nontaxable benefits
    not reported + $15,368 related
    Filer's total
    not reported + $222,532 related

  • Dennis Snyder

    President

    Total calculated
    $26,122
    From this org
    $26,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    16 + 2 related

  • Neal Steinbeck

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Deron Galindo

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Geoff Horn

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Sears

    MEMBER

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations 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
2024
Filed
4 May 2026
IRS schema version
2024v5.2
Source object
202621249349302217

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