Form 990 for tax year 2024
Filed by HERITAGE ACADEMY C/O KERA PENT.
Totals
- Total revenue
- $974,006
- Total expenses
- $1,276,987
- Contributions and grants received
- $58,336
- Grants paid
- $0
- Program service revenue
- $915,670
- Investment income
- $0
- 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)
- $1,239,123
- Management and general expenses
- $37,864
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,239,123
Program services were 97.0% 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.
-
1f · All other contributions, gifts and grants
$58,336
-
2a · Program service revenue: TUITION & FEES
total $915,670 · related or exempt $915,670
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $54,000 · program services $37,800 · management and general $16,200
-
7 · Other salaries and wages
total $934,542 · program services $921,555 · management and general $12,987
-
9 · Other employee benefits
total $57,536 · program services $55,003 · management and general $2,533
-
11g · Fees: other
total $31,001 · program services $31,001
-
13 · Office expenses
total $31,722 · program services $28,783 · management and general $2,939
-
16 · Occupancy
total $70,985 · program services $67,780 · management and general $3,205
-
23 · Insurance
total $21,178 · program services $21,178
-
24a · Other expenses: SPECIAL PROGRAMS
total $40,617 · program services $40,617 · management and general $0
-
24b · Other expenses: ADMIN EXPENSES/LICENSES
total $21,824 · program services $21,824 · management and general $0
-
24c · Other expenses: ACADEMIC EXPENSES
total $12,935 · program services $12,935 · management and general $0
-
24d · Other expenses: STAFF LOAN
total $343 · program services $343 · management and general $0
-
24e · All other expenses
total $304 · program services $304
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $332,983 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,938 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $329,045 · end of year $0
Mission and programs · 2024
Mission
PROVIDE CLASSICAL EDUCATION WITH A CHRISTIAN WORLDVIEW FOR STUDENTS GRADES KINDERGARTEN THROUGH 8TH GRADE.
-
PROVIDED INSTRUCTION AND LIVE TRAINING TO TEACHERS REGARDING SCHOOL CULTURE AND STUDENT LEARNING TYPES.
Expenses $1,239,123 · Revenue $915,670
-
PLANNED MULTIPLE SPECIAL EVENTS FOR MEMBERS AND ALUMNI OF THE SCHOOL COMMUNITY TO MEMORIALIZE THE INPACT HAD ON STUDENTS FOR ALMOST TWO DECADES.
-
HIRED NEW STAFF MEMBERS TO SERVICE ALL STUDENTS, SUBJECTS, AND GRADE LEVELS.
As filed on the 2024 return.
Listed in Part VII
-
Marilyn DavidsonMARILYN DAVIDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen PoonenKATHLEEN POONEN
BOARD MEMBER/SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kera PentKERA PENT
PRINCIPAL
- Total calculated
- $54,000
- From this org
- $54,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Clif DavidsonCLIF DAVIDSON
CHAIRMAN/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Vicky PowersVICKY POWERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lance WestcottLANCE WESTCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack MasherJACK MASHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dillon ThomassonDILLON THOMASSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tia KjellesvigTIA KJELLESVIG
BOARD MEMBER
- Total calculated
- $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
No itemized grants to organizations on this return.
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.
-
$13,509
Liquidation · FINAL ASSETS DISTRIBUTED TO 501)C)(3) CHARITY THE KING'S ACADEMY · Jun 30, 2025 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502169349302150
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