Heights Philadelphia
- Assets
- $13.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Philadelphia, PA
- Founding
- 05/1949
- Data as of
- 06/2022
- EIN
- 23-1365983
Organization Overview
Heights Philadelphia is located in Philadelphia, PA. The organization was established in 1949. As of 06/2022, Heights Philadelphia employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heights Philadelphia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Heights Philadelphia generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME, FIRST GENERATION-TO-COLLEGE STUDENTS WITH THE TOOLS, RESOURCES, AND OPPORTUNITIES NECESSARY FOR ADMISSION TO AND SUCCESS IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-COLLEGE PROGRAMS: PHILADELPHIA FUTURES' DIRECT SERVICE PROGRAMS (SPONSOR-A-SCHOLAR FOUNDED IN 1990 AND COLLEGE CONNECTION LAUNCHED IN 2013) PROVIDE A COMPREHENSIVE ARRAY OF SERVICES AND RESOURCES TO REMOVE THE BARRIERS THAT HAVE TRADITIONALLY PREVENTED LOW-INCOME, FIRST-GENERATION-TO-COLLEGE STUDENTS FROM ACHIEVING COLLEGE SUCCESS. OUR PRE-COLLEGE PROGRAMS SERVE STUDENTS ATTENDING PHILADELPHIA PUBLIC, PUBLIC CHARTER AND PAROCHIAL HIGH SCHOOLS. OUR PRE-COLLEGE PROGRAMS OFFER (I) YEAR-ROUND ACADEMIC ENRICHMENT; (II) PERSONALIZED COLLEGE GUIDANCE; (III) FINANCIAL INCENTIVES; (IV) EXTRACURRICULAR CLUBS AND ACTIVITIES; (V) GENDER-SPECIFIC PROGRAMMING; AND (VI) INDIVIDUALIZED STAFF SUPPORT.
COLLEGE SUCCESS SERVICES: PHILADELPHIA FUTURES' COLLEGE SUCCESS SERVICES PROVIDE STUDENTS PARTICIPATING IN OUR DIRECT SERVICE PROGRAMS (SPONSOR-A-SCHOLAR AND COLLEGE CONNECTION) WITH INDIVIDUALIZED COUNSELING AND GUIDANCE THROUGH COLLEGE. IN ADDITION TO STAFF SUPPORT, COLLEGIANS RECEIVE FUNDS FOR COLLEGE RELATED EXPENSES, CAREER COUNSELING AND A CONNECTION TO INTERNSHIP OPPORTUNITIES THROUGH PHILADELPHIA FUTURES' CAREER FUTURES INITIATIVE. COLLEGE STAFF ALSO SUPPORT OUR STRATEGIC PARTNERSHIPS WITH A RANGE OF COLLEGES AND UNIVERSITIES.
OUTREACH FUTURES: PHILADELPHIA FUTURES' OUTREACH FUTURES INITIATIVE BRINGS THE ORGANIZATION'S SERVICES AND EXPERTISE TO THE BROADER COMMUNITY. OUTREACH FUTURES OFFERS A RANGE OF PROGRAMS AND SERVICES TO STUDENTS, FAMILIES AND YOUTH-SERVING PROFESSIONALS THROUGHOUT PHILADELPHIA. A KEY COMPONENT OF PHILADELPHIA FUTURES' OUTREACH SERVICES IS THE ANNUAL PUBLICATION OF STEP UP TO COLLEGE: PHILADELPHIA'S GUIDE TO THE COLLEGE PREPARATION, APPLICATION AND ADMISSIONS AND FINANCIAL AID PROCESSES. COPIES OF THE GUIDE ARE DISTRIBUTED TO HIGH SCHOOL STUDENTS, COMMUNITY-BASED ORGANIZATIONS AND THE FREE LIBRARY OF PHILADELPHIA WITHOUT COST TO REMOVE ANY BARRIERS TO ACCESS. CONTENT FROM THE GUIDE ALSO IS AVAILABLE THROUGH DIGITAL MEDIA.
PHILADELPHIA FUTURES HAS A CONTRACT WITH THE CHARLES E. ELLIS TRUST TO ADMINISTER FUNDS TO ELIGIBLE PHILADELPHIA HIGH SCHOOL GIRLS FOR TUITION AND EDUCATIONAL ENRICHMENT. EXPENSES ARE THOSE ASSOCIATED WITH THE ADMINISTRATION OF THE TRUST. ADDITIONALLY, PHILADELPHIA FUTURES ADMINISTERED 2 PROGRAMS IN PHILADELPHIA WHICH AWARDED STUDENTS FOR THEIR ACADEMIC ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Woods Executive Director | Officer | 40 | $125,000 |
Kevin R Boyle Chair Emeritus | OfficerTrustee | 2 | $0 |
Stuart George Treasurer | OfficerTrustee | 2 | $0 |
Raj Tewari Chair | OfficerTrustee | 2 | $0 |
Olenga Anabui Vice Chair | OfficerTrustee | 1 | $0 |
Mimi Lurio Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,661 |
| Membership dues | $0 |
| Fundraising events | $2,998 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,952,495 |
| Noncash contributions included in lines 1a–1f | $127,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,977,154 |
| Total Program Service Revenue | $0 |
| Investment income | $344,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $485,574 |
| Net Income from Fundraising Events | $62,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,219,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $566,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,240 |
| Compensation of current officers, directors, key employees. | $9,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,017,868 |
| Pension plan accruals and contributions | $91,459 |
| Other employee benefits | $146,885 |
| Payroll taxes | $157,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,205 |
| Fees for services: Other | $1,563 |
| Advertising and promotion | $0 |
| Office expenses | $37,314 |
| Information technology | $55,302 |
| Royalties | $0 |
| Occupancy | $369,067 |
| Travel | $877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,100 |
| Insurance | $46,909 |
| All other expenses | $26,572 |
| Total functional expenses | $4,258,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,034 |
| Savings and temporary cash investments | $981,671 |
| Pledges and grants receivable | $672,613 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,550 |
| Net Land, buildings, and equipment | $203,050 |
| Investments—publicly traded securities | $11,635,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,531 |
| Total assets | $13,898,417 |
| Accounts payable and accrued expenses | $221,387 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $225,681 |
| Total liabilities | $447,068 |
| Net assets without donor restrictions | $7,497,236 |
| Net assets with donor restrictions | $5,954,113 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,898,417 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heights Philadelphia has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Amelia Miles Foundation 26988-6 Nect Pittsburgh, PA PURPOSE: HIGH SCHOOL SELECTION, | $12,500 |
Smith Foundation Downingtown, PA PURPOSE: SPONSOR-A-SCHOLAR PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $2,630,023 |
| Earnings | -$246,020 |
| Net Contributions | $250 |
| Ending Balance | $2,384,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
Baker College Flint, MI | $33,908,610 | $19,974,450 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |