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Nonprofiteer
← HEARTSPRING INC ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by HEARTSPRING INC ENDOWMENT TRUST.

Totals

Total revenue
$16,375
Total expenses
$5,171,893
Contributions and grants received
$0
Grants paid
$5,164,822
Program service revenue
$0
Investment income
$16,375
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$5,164,822
Management and general expenses
$7,071
Fundraising expenses
$0
Program service expenses (Part III)
$5,164,822

Program services were 99.9% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $26,205 · excluded $26,205

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $125,189

  • 7b · Less cost or other basis and sales expenses

    securities $135,019

  • 7c · Gain or loss

    securities -$9,830 · other assets $0

  • 7d · Net gain or loss

    total -$9,830 · excluded -$9,830

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,164,822 · program services $5,164,822

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $7,071 · management and general $7,071

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $182,100 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,119,790 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $710,582 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $4,591,308 · end of year $0

Mission and programs · 2023

Mission

SUPPORT ORGANIZATION FOR HEARTSPRING, INC.

Activities or mission (Part I)

A SUPPORT ORGANIZATION THAT HOLDS AND MANAGES INVESTMENTS FOR HEARTSPRING, INC.

  • A SUPPORT ORGANIZATION THAT HOLDS AND MANAGES INVESTMENTS FOR HEARTSPRING, INC.

    Expenses $5,164,822 · Grants $5,164,822

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

Listed in Part VII

  • Gregg Howell

    CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Engels

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laurie Labarca

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Roger Zellers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Emprise Bank

    CORPORATE TRUSTEE/SECRETARY

    Total calculated
    $7,070
    From this org
    $7,070
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Grants 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

4 distributions to recipients named as people, $10,329,644 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349316819

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