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Nonprofiteer
← HEART OF AMERICA FOUNDATION

Form 990 for tax year 2023

Filed by HEART OF AMERICA FOUNDATION.

Totals

Total revenue
$15,517,475
Total expenses
$14,151,541
Contributions and grants received
$12,171,839
Grants paid
$321,241
Program service revenue
$2,659,394
Investment income
$673,313
Other revenue
$12,929
Total assets, end of year
$19,858,884
Total liabilities, end of year
$14,093,513
Net assets or fund balances, end of year
$5,765,371
Program services expenses (Part IX)
$12,518,399
Management and general expenses
$1,099,221
Fundraising expenses
$533,921
Program service expenses (Part III)
$12,518,399

Program services were 88.5% 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.

  • 1c · Fundraising events

    $7,954

  • 1e · Government grants (contributions)

    $131,865

  • 1f · All other contributions, gifts and grants

    $12,032,020

  • 1g · Noncash contributions included above

    $347,276

  • 2a · Program service revenue: TRANSFORMATION PROGRAM

    total $2,659,394 · related or exempt $2,659,394

  • 3 · Investment income

    total $673,313 · excluded $673,313

  • 8a · Fundraising events: gross income

    $2,075

  • 8a · Fundraising events: contributions included on line 1c

    $7,954

  • 8b · Fundraising events: direct expenses

    $10,141

  • 8c · Net income from fundraising events

    total -$8,066 · excluded -$8,066

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $20,995 · excluded $20,995

  • 11e · Other revenue, total

    $20,995

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $321,241 · program services $321,241

  • 5 · Compensation of officers, directors and key employees

    total $259,878 · program services $116,945 · management and general $25,988 · fundraising $116,945

  • 7 · Other salaries and wages

    total $3,038,120 · program services $2,130,999 · management and general $661,199 · fundraising $245,922

  • 8 · Pension plan contributions

    total $83,193 · program services $79,318 · management and general $3,666 · fundraising $209

  • 9 · Other employee benefits

    total $216,598 · program services $194,337 · management and general $11,442 · fundraising $10,819

  • 10 · Payroll taxes

    total $266,804 · program services $194,687 · management and general $47,290 · fundraising $24,827

  • 11c · Fees: accounting

    total $37,591 · management and general $37,591

  • 11g · Fees: other

    total $3,168,191 · program services $3,031,703 · management and general $51,130 · fundraising $85,358

  • 13 · Office expenses

    total $332,407 · program services $299,424 · management and general $31,505 · fundraising $1,478

  • 14 · Information technology

    total $132,803 · program services $72,285 · management and general $40,237 · fundraising $20,281

  • 16 · Occupancy

    total $176,646 · program services $162,242 · management and general $9,078 · fundraising $5,326

  • 17 · Travel

    total $453,682 · program services $291,920 · management and general $156,701 · fundraising $5,061

  • 22 · Depreciation, depletion and amortization

    total $4,594 · program services $4,134 · management and general $230 · fundraising $230

  • 23 · Insurance

    total $9,803 · program services $7,700 · management and general $1,676 · fundraising $427

  • 24a · Other expenses: PROGRAM MATERIALS

    total $5,570,837 · program services $5,570,837

  • 24b · Other expenses: LITERACY CELEBRATION

    total $39,667 · program services $39,667

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $35,271 · management and general $18,233 · fundraising $17,038

  • 24d · Other expenses: EQUIPMENT EXPENSE

    total $3,230 · program services $17 · management and general $3,213

  • 24e · All other expenses

    total $985 · program services $943 · management and general $42

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $649,350 · end of year $633,142

  • 2 · Savings and temporary cash investments

    beginning of year $16,517,686 · end of year $16,761,249

  • 3 · Pledges and grants receivable

    beginning of year $193,142 · end of year $669,735

  • 4 · Accounts receivable

    beginning of year $5,535 · end of year $31,726

  • 8 · Inventories for sale or use

    beginning of year $1,208,118 · end of year $1,387,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $302,967 · end of year $250,231

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

    $40,189

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

    $34,443

  • 10c · Land, buildings and equipment, net

    beginning of year $6,240 · end of year $5,746

  • 15 · Other assets

    beginning of year $218,512 · end of year $119,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $701,369 · end of year $559,898

  • 25 · Other liabilities

    beginning of year $14,000,744 · end of year $13,533,615

  • 27 · Net assets without donor restrictions

    beginning of year $4,310,877 · end of year $4,494,495

  • 28 · Net assets with donor restrictions

    beginning of year $88,560 · end of year $1,270,876

Mission and programs · 2023

Mission

THE HEART OF AMERICA FOUNDATION CREATES VIBRANT LEARNING ENVIRONMENTS FOR CHILDREN, ENGAGING VOLUNTEERS IN ACTS OF SERVICE AND ENCOURAGING THE PURSUIT OF EDUCATION BY PROVIDING CHILDREN IN NEED WITH THE TOOLS TO READ, SUCCEED AND MAKE A DIFFERENCE. SINCE 1997, THE ORGANIZATION HAS PROVIDED CHILDREN LIVING IN UNDERSERVED COMMUNITIES WITH OVER $4.2 MILLION LIBRARY AND TAKE-HOME BOOKS AND ENGAGED VOLUNTEERS IN MORE THAN 1.2 MILLION HOURS OF SERVICE TO THESE COMMUNITIES.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE TRANSFORMATION PROGRAM RENEWS COMMUNITY SUPPORT IN ENRICHING STUDENT LIVES, HELPING THEM REGAIN LOST OPPORTUNITIES FOR LEARNING BECAUSE OF DILAPIDATED AND OUTDATED FACILITIES. THE TRANSFORMATION PROGRAM TRANSFORMS SCHOOL LIBRARIES AND OTHER EDUCATIONAL COMMUNITY SPACES INTO ENGAGING LEARNING SPACES, SATURATING SCHOOL ENVIRONMENTS WITH NEW BOOKS. REMODELED SPACES ARE REVITALIZED WITH IMPROVED TECHNOLOGY, HIGH-QUALITY BOOKS, EDUCATION MATERIALS AND MODERN FURNITURE TO BECOME A VIBRANT LEARNING CENTER - THE NEW HEART OF A COMMUNITY.

    Expenses $11,794,470 · Grants $255,494 · Revenue $2,659,394

  • RESOURCE DISTRIBUTION PROGRAM PUTS BOOKS, SCHOOL SUPPLIES AND VITAL TECHNOLOGY INTO THE HANDS OF CHILDREN WHO NEED THEM THE MOST. ELEMENTARY, MIDDLE AND HIGH SCHOOLS AND STUDENTS RECEIVE NEW, AGE-APPROPRIATE BOOKS TO REPLENISH SCHOOL, CLASSROOM AND HOME LIBRARIES. AT BOOK GIVEAWAY EVENTS, STAFF AND VOLUNTEERS READ TO CHILDREN AND ENGAGE IN INTER-GENERATIONAL ENRICHMENT AND EDUCATIONAL ACTIVITIES. THIS PROGRAM INTRODUCES YOUNG PEOPLE TO COMMUNITY SERVICE AND PROVIDES MEANINGFUL HANDS-ON EXPERIENCES. IN TIMES OF DISASTER AND PANDEMICS, THE PROGRAM WORKS DIRECTLY WITH IMPACTED SCHOOL DISTRICTS AND SCHOOLS TO GET GREATLY-NEEDED SUPPLIES AND BOOKS INTO THE HANDS AND HOMES OF FAMILIES/CHILDREN AS QUICKLY AS POSSIBLE.

    Expenses $723,929 · Grants $65,747

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JILL HEATH

    PRESIDENT

    Total calculated
    $259,877
    From this org
    $250,000
    From related orgs
    $0
    Other
    $9,877
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,877
    Nontaxable benefits
    $0
    Filer's total
    $259,877

  • MARCIA BULLARD

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • ERIC SCHWEIKERT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KELLY BOZARTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • HOWARD BYCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARY CHRIST-ERWIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN DUNCAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE KAUFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR LATANYA MCDADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TERRY MCDONOUGH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT NELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • YOLI STANCIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SHELLY LUCAS

    VICE PRESIDENT, PROGRAM DELIVERY

    Total calculated
    $184,249
    From this org
    $160,750
    From related orgs
    $0
    Other
    $23,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,000
    Bonus
    $2,750
    Other
    $0
    Deferred
    $6,185
    Nontaxable benefits
    $17,314
    Filer's total
    $184,249

  • KATHRYN SORESTAD

    VICE PRESIDENT, OPERATIONS

    Total calculated
    $173,234
    From this org
    $158,750
    From related orgs
    $0
    Other
    $14,484
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,000
    Bonus
    $2,750
    Other
    $0
    Deferred
    $4,550
    Nontaxable benefits
    $9,934
    Filer's total
    $173,234

  • HETAL PATEL

    VICE PRESIDENT, FINANCE

    Total calculated
    $167,958
    From this org
    $161,750
    From related orgs
    $0
    Other
    $6,208
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,000
    Bonus
    $2,750
    Other
    $0
    Deferred
    $6,208
    Nontaxable benefits
    $0
    Filer's total
    $167,958

  • PAM BRYDEN

    VICE PRESIDENT, HR AND ADMIN

    Total calculated
    $166,935
    From this org
    $160,750
    From related orgs
    $0
    Other
    $6,185
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,000
    Bonus
    $2,750
    Other
    $0
    Deferred
    $6,185
    Nontaxable benefits
    $0
    Filer's total
    $166,935

  • TIMOTHY TORMOEN

    VICE PRESIDENT, MARKETING

    Total calculated
    $156,746
    From this org
    $142,750
    From related orgs
    $0
    Other
    $13,996
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $2,750
    Other
    $0
    Deferred
    $5,092
    Nontaxable benefits
    $8,904
    Filer's total
    $156,746

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
PAM BRYDEN, HETAL PATEL, SHELLY LUCAS, KATHRYN SORESTAD, AND TIMOTHY TORMOEN EACH RECEIVED A DISCRETIONARY MERIT BONUS OF $2,750.

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
15 October 2024
IRS schema version
2023v5.1
Source object
202432899349301803

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

The source document this was parsed from is served over the API, which is where bulk and document access live.