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Nonprofiteer
← HEIGHTS FOUNDATION INC

Form 990 for tax year 2023

Filed by HEIGHTS FOUNDATION INC.

Totals

Total revenue
$4,257,275
Total expenses
$855,776
Contributions and grants received
$4,064,977
Grants paid
$0
Program service revenue
$169,000
Investment income
$23,298
Other revenue
$0
Total assets, end of year
$19,550,951
Total liabilities, end of year
$868,988
Net assets or fund balances, end of year
$18,681,963
Program services expenses (Part IX)
$760,636
Management and general expenses
$70,726
Fundraising expenses
$24,414
Program service expenses (Part III)
$760,636

Program services were 88.9% 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

    $3,966,008

  • 1e · Government grants (contributions)

    $93,969

  • 1f · All other contributions, gifts and grants

    $5,000

  • 2a · Program service revenue: RENTAL INCOME

    total $169,000 · related or exempt $169,000

  • 3 · Investment income

    total $23,298 · excluded $23,298

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $25,303 · program services $11,133 · management and general $14,170

  • 10 · Payroll taxes

    total $1,886 · program services $830 · management and general $1,056

  • 11b · Fees: legal

    total $8,621 · management and general $8,621

  • 11c · Fees: accounting

    total $6,190 · management and general $6,190

  • 11g · Fees: other

    total $31,900 · program services $29,348 · management and general $1,595 · fundraising $957

  • 13 · Office expenses

    total $4,359 · program services $4,010 · management and general $218 · fundraising $131

  • 16 · Occupancy

    total $57,527 · program services $52,925 · management and general $2,876 · fundraising $1,726

  • 22 · Depreciation, depletion and amortization

    total $445,883 · program services $410,212 · management and general $22,294 · fundraising $13,377

  • 23 · Insurance

    total $98,113 · program services $90,264 · management and general $4,906 · fundraising $2,943

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $175,994 · program services $161,914 · management and general $8,800 · fundraising $5,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $741,829 · end of year $261,390

  • 2 · Savings and temporary cash investments

    beginning of year $46,505 · end of year $1,495,595

  • 4 · Accounts receivable

    end of year $75,247

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

    $20,616,736

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

    $2,898,017

  • 10c · Land, buildings and equipment, net

    beginning of year $16,902,760 · end of year $17,718,719

  • 15 · Other assets

    beginning of year $36,107 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,772 · end of year $51,364

  • 23 · Secured mortgages and notes payable

    beginning of year $2,383,380 · end of year $757,899

  • 25 · Other liabilities

    beginning of year $19,585 · end of year $59,725

  • 27 · Net assets without donor restrictions

    beginning of year $15,280,464 · end of year $18,681,963

Mission and programs · 2023

Mission

HOLDS THE LAND AND CAPITAL IMPROVEMENTS OF THE "DBA HARLEM HEIGHTS CULTURAL ARTS AND COMMUNITY CENTER" (AKA THE HEIGHTS CENTER).

Activities or mission (Part I)

HOLDS LAND & CAPITAL IMPROVEMENTS FOR THE HEIGHTS CENTER

  • THE ORGANIZATION HOLDS THE LAND AND IMPROVEMENTS FOR THE HARLEM HEIGHTS CULTURAL ARTS AND COMMUNITY CENTER IN ADDITION TO OTHER REAL PROPERTY.

    Expenses $760,636 · Revenue $169,000

  • THE ORGANIZATION HOLDS THE LAND FOR THE HEIGHTS CAREER TECH INSTITUTE

As filed on the 2023 return.

Listed in Part VII

  • ARMANDO LLECHU

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAN-ERIK HUSTRULID

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BRYAN FILSON

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TRACIE BAGANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JIM DWYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JAMIE FAUTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BETSY HINDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DOUG JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • CHRIS LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • TOM LYTTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERI PALMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • CARSON PEARLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BETH PRATHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAVIER SALAZAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SUSAN SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • KEVIN SHIMP THRU 122023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID VAZQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • TERRI WADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ALESHA WATCHOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • KATHRYN KELLY

    PRESIDENT/CEO

    Total calculated
    $195,988
    From this org
    $18,718
    From related orgs
    $168,458
    Other
    $8,812
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $15,750 + $141,750 related
    Bonus
    $2,248 + $20,228 related
    Other
    $720 + $6,480 related
    Deferred
    $710 + $6,391 related
    Nontaxable benefits
    $171 + $1,540 related
    Filer's total
    $19,599 + $176,389 related

  • DALE MAUSTELLER

    DIRECTOR OF FINANCE

    Total calculated
    $66,532
    From this org
    $2,413
    From related orgs
    $55,491
    Other
    $8,628
    Hours/week
    1 + 18 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

  • 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 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'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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541339349300244

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