Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $43,541

• 1f · All other contributions, gifts and grants

  $1,126,875

• 1g · Noncash contributions included above

  $170,000

• 3 · Investment income

  total $86,908 · excluded $86,908

• 5 · Royalties

  total $2,300 · excluded $2,300

• 6a · Gross rents

  real property $57,660

• 6b · Less rental expenses

  real property $71,270

• 6c · Rental income or loss

  real property -$13,610

• 6d · Net rental income or loss

  total -$13,610 · excluded -$13,610

• 7a · Gross sales of assets other than inventory

  securities $222,054

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

  securities $249,335

• 7c · Gain or loss

  securities -$27,281

• 7d · Net gain or loss

  total -$27,281 · excluded -$27,281

• 8a · Fundraising events: gross income

  $55,183

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

  $43,541

• 8b · Fundraising events: direct expenses

  $12,572

• 8c · Net income from fundraising events

  total $42,611 · excluded $42,611

• 9a · Gaming: gross income

  $2,843

• 9b · Gaming: direct expenses

  $2,100

• 9c · Net income from gaming

  total $743 · excluded $743

• 11a · Other revenue: Management Fee Income

  total $6,000 · unrelated business $6,000

• 11e · Other revenue, total

  $6,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $128,251 · program services $128,251

• 2 · Grants to domestic individuals

  total $5,287 · program services $5,287

• 5 · Compensation of officers, directors and key employees

  total $18,162 · program services $7,951 · management and general $5,441 · fundraising $4,770

• 11c · Fees: accounting

  total $5,798 · management and general $5,798

• 11f · Fees: investment management

  total $9,006 · management and general $9,006

• 11g · Fees: other

  total $50 · program services $50

• 12 · Advertising and promotion

  total $2,400 · program services $2,400

• 13 · Office expenses

  total $6,040 · program services $6,040

• 19 · Conferences, conventions and meetings

  total $380 · management and general $380

• 22 · Depreciation, depletion and amortization

  total $555 · program services $555

• 24a · Other expenses: Donor Recognition

  total $959 · fundraising $959

• 24b · Other expenses: Fundraising Expenses

  total $760 · fundraising $760

• 24c · Other expenses: Income Taxes

  total $659 · management and general $659

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $797,164 · end of year $1,355,698

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

  $888,763

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

  $284,563

• 10c · Land, buildings and equipment, net

  beginning of year $460,866 · end of year $604,200

• 11 · Investments: publicly traded securities

  beginning of year $1,050,495 · end of year $1,534,803

• 12 · Investments: other securities

  beginning of year $209,466 · end of year $218,113

• 23 · Secured mortgages and notes payable

  beginning of year $139,480 · end of year $123,390

• 27 · Net assets without donor restrictions

  beginning of year $1,383,511 · end of year $2,244,424

• 28 · Net assets with donor restrictions

  beginning of year $995,000 · end of year $1,345,000

The filer's explanations (Part III)

Part I, Line 3

Katie Harris, Foundation Director and Rhonda Zastoupil, Treasurers, were compensated by Hill Top Home of Comfort, an unrelated organization, for services to Hill Top Heritage Foundation, Inc. Hill Top Heritage Foundation reimburses Hill Top Home of Comfort for the compensation.