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Nonprofiteer
← HEARTWOOD RESOURCES

Form 990 for tax year 2023

Filed by HEARTWOOD RESOURCES.

Totals

Total revenue
$565,501
Total expenses
$614,152
Contributions and grants received
$20,500
Grants paid
$0
Program service revenue
$545,001
Investment income
$0
Other revenue
$0
Total assets, end of year
$296,607
Total liabilities, end of year
$279,260
Net assets or fund balances, end of year
$17,347
Program services expenses (Part IX)
$437,214
Management and general expenses
$176,938
Fundraising expenses
$0
Program service expenses (Part III)
$437,214

Program services were 71.2% 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.

  • 1e · Government grants (contributions)

    $20,500

  • 2a · Program service revenue: BUILDING MATERIAL SALE

    total $534,252 · related or exempt $534,252

  • 2b · Program service revenue: MISCELLANEOUS OPERATIN

    total $7,500 · related or exempt $7,500

  • 2c · Program service revenue: REIMBURSEMENTS

    total $3,249 · related or exempt $3,249

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,255 · program services $651 · management and general $2,604

  • 11g · Fees: other

    total $389,933 · program services $292,450 · management and general $97,483

  • 12 · Advertising and promotion

    total $2,510 · program services $2,008 · management and general $502

  • 13 · Office expenses

    total $5,071 · program services $4,057 · management and general $1,014

  • 16 · Occupancy

    total $10,309 · program services $9,794 · management and general $515

  • 17 · Travel

    total $6,150 · program services $4,920 · management and general $1,230

  • 20 · Interest

    total $2,904 · program services $2,904

  • 22 · Depreciation, depletion and amortization

    total $15,286 · program services $14,522 · management and general $764

  • 23 · Insurance

    total $24,880 · program services $23,636 · management and general $1,244

  • 24a · Other expenses: ADMIN SERVICE FEES

    total $82,035 · program services $16,407 · management and general $65,628

  • 24b · Other expenses: MISCELLENEOUS OPERATING

    total $43,591 · program services $41,449 · management and general $2,142

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $16,012 · program services $12,810 · management and general $3,202

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $11,189 · program services $10,630 · management and general $559

  • 24e · All other expenses

    total $1,027 · program services $976 · management and general $51

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,194 · end of year $22,453

  • 4 · Accounts receivable

    beginning of year $6,468 · end of year $911

  • 8 · Inventories for sale or use

    beginning of year $37,125 · end of year $37,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,586

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

    $358,833

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

    $122,680

  • 10c · Land, buildings and equipment, net

    beginning of year $228,761 · end of year $236,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,871 · end of year $23,807

  • 23 · Secured mortgages and notes payable

    beginning of year $56,943 · end of year $49,247

  • 25 · Other liabilities

    beginning of year $180,322 · end of year $206,206

  • 27 · Net assets without donor restrictions

    beginning of year $65,998 · end of year $17,347

Mission and programs · 2023

Mission

TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL.

Activities or mission (Part I)

TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL

  • PROVIDED LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED MATERIALS RECEIVED THROUGH DONATIONS OR DECONSTRUCTION OF OLD BUILDINGS

    Expenses $437,214 · Revenue $545,001

As filed on the 2023 return.

Listed in Part VII

  • ERICA MILLS

    CEO

    Total calculated
    $164,302
    From this org
    $0
    From related orgs
    $137,308
    Other
    $26,994
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,308 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,979 related
    Nontaxable benefits
    $0 + $21,015 related
    Filer's total
    $0 + $164,302 related

  • ELENA LININGER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRITTANY WEERHEIM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVE LOSSLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEBORA LIGHTCAP

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JACOB WINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAWN MILLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ADAM ADAMSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARAJAN COESTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 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

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO WAS COMPENSATED BY A RELATED ORGANIZATION DURING CALENDAR YEAR 2023. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413099349301061

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