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Nonprofiteer
← HIGHER GROUND FOUNDATION INC

Form 990 for tax year 2024

Filed by HIGHER GROUND FOUNDATION INC.

Totals

Total revenue
$53,860
Total expenses
$92,536
Contributions and grants received
$0
Grants paid
$80,000
Program service revenue
$0
Investment income
$53,860
Other revenue
$0
Total assets, end of year
$691,733
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$691,733
Program services expenses (Part IX)
$80,000
Management and general expenses
$12,536
Fundraising expenses
$0
Program service expenses (Part III)
$80,000

Program services were 86.5% 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.

  • 3 · Investment income

    total $46,043 · excluded $46,043

  • 7a · Gross sales of assets other than inventory

    securities $255,098

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

    securities $247,281

  • 7c · Gain or loss

    securities $7,817

  • 7d · Net gain or loss

    total $7,817 · excluded $7,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,000 · program services $80,000

  • 11c · Fees: accounting

    total $5,298 · management and general $5,298

  • 11f · Fees: investment management

    total $7,066 · management and general $7,066

  • 11g · Fees: other

    total $172 · management and general $172

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $40,397 · end of year $77,565

  • 11 · Investments: publicly traded securities

    beginning of year $688,512 · end of year $612,668

  • 13 · Investments: program-related

    beginning of year $1,500 · end of year $1,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $730,409 · end of year $691,733

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

HIGHER GROUND FOUNDATION, INC. WAS FOUNDED IN 2019 FOR THE PURPOSE OF BUILDING AND OPERATING A MUSEUM. IT IS CURRENTLY IN THE FUND-RAISING STAGE OF LAUNCHING THIS MUSEUM.

Activities or mission (Part I)

HIGHER GROUND FOUNDATION, INC. WAS FOUNDED FOR THE PURPOSE OF BUILDING AND OPERATING A MUSEUM.

  • THE MUSEUM PROGRAM THAT HIGHER GROUND FOUNDATION, INC. INTENDS TO OPERATE IS NOT YET OPERATIONAL.

  • CONTRIBUTIONS TO SERVERAL OPERATING PUBLIC CHARITIES.

    Expenses $80,000 · Grants $80,000

As filed on the 2024 return.

Listed in Part VII

  • David C Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Mitchell Rosenzweig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Adam Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349305436

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