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Nonprofiteer
← HERITAGE CLASSIC FOUNDATION

Form 990 for tax year 2023

Filed by HERITAGE CLASSIC FOUNDATION.

Totals

Total revenue
$14,506,827
Total expenses
$13,947,268
Contributions and grants received
$2,383,435
Grants paid
$3,414,614
Program service revenue
$11,238,516
Investment income
$373,255
Other revenue
$511,621
Total assets, end of year
$14,213,549
Total liabilities, end of year
$8,450,513
Net assets or fund balances, end of year
$5,763,036
Program services expenses (Part IX)
$13,696,986
Management and general expenses
$249,782
Fundraising expenses
$500
Program service expenses (Part III)
$13,696,986

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DEREK R PATON

    VP SALES & MARKETING

    Total calculated
    $432,359
    From this org
    $432,359
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,983
    Bonus
    $240,376
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $432,359

  • STEPHEN J WILMOT

    President & CEO

    Total calculated
    $279,346
    From this org
    $279,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,204
    Bonus
    $54,142
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $279,346

  • JAMES M IVESTER

    DIRECTOR OF CORPORATE SALES

    Total calculated
    $165,828
    From this org
    $165,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,147
    Bonus
    $74,681
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $165,828

  • MORGAN HYDE

    VP OPERATIONS

    Total calculated
    $125,241
    From this org
    $125,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • RICHARD P REICHEL

    Treasurer

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • J SIMON FRASER

    Chairman

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • CARY CORBITT

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • STEVEN P BIRDWELL

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • MARC GRANT

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • LISA SULKA

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • TRICIA B LYNCH

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM G MILES

    Secretary

    Total calculated
    $0
    Hours/week
    16

  • DONALD F CALHOON

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • SCOTT H RICHARDSON

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • TERRY A FINGER

    VICE CHARIRMAN

    Total calculated
    $0
    Hours/week
    16

  • CHARLES C ROUNTREE III

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • W DOUGLAS SMITH

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • PAMELA P LACKEY

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER L CORKERN

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • AL KENNICKELL

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • MIKE MANESOTIS

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • ANN MCBRIEN

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY G REILLEY

    Trustee

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 March 2024
IRS schema version
2023v4.0
Source object
202430739349301358

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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