Heartland Institute For Financial Education
- Assets
- $588.2k
- Revenue
- $793.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Greenwood Village, CO
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 26-0076287
Organization Overview
Heartland Institute For Financial Education is located in Greenwood Village, CO. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Heartland Institute For Financial Education employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Institute For Financial Education 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 12/2021, Heartland Institute For Financial Education generated $793.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $957.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING FINANCIAL LITERACY TO PEOPLE ACROSS NORTH AMERICA THROUGH ON-SITE CLASSES OFFERED BY OUR CFE CERTIFIED FINANCIAL EDUCATORS (CFED) AND PROMOTING HIGHER EDUCATION ACROSS THE GLOBE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY OFFERING FINANCIAL WELLNESS COURSES TO EMPLOYERS ALL ACROSS AMERICA, THE HEARTLAND INSTITUTE OF FINANCIAL EDUCATION HAS BEEN ABLE TO PROVIDE FINANCIAL EDUCATION CLASSES TO OVER 800 EMPLOYERS, INCLUDING CORPORATIONS, SCHOOL SYSTEMS, CHURCHES, HOSPITALS, GOVERNMENT AGENCIES, STATE AGENCIES, COLLEGES, HIGH SCHOOLS, AND MORE. OUR INSTRUCTORS HAVE PROVIDED FINANCIAL EDUCATION FOR OVER 10,000 ADULT LEARNERS WHO HAVE GAINED THE OPPORTUNITY TO IMPROVE THEIR FINANCIAL SITUATION AND ENJOY A MORE COMPLETE, FINANCIALLY SECURE LIFE. THESE CLASSES CONTINUE TO PROVIDE ONGOING TRAINING AND GUIDANCE FOR ADULTS AS WE CONSISTENTLY FIND NEW WAYS TO POSITIVELY IMPACT ADULTS IN THEIR EVERYDAY LIVES.
BY PROVIDING AFFORDABLE AND PROFESSIONAL COACHING TO STUDENTS AND PARENTS WE HAVE HELPED OVER 3,500 STUDENTS NOT ONLY SELECT THE BEST CAREER AND COLLEGE, BUT ALSO SAVE MILLIONS OF DOLLARS IN OUT OF POCKET EXPENSES. ONE OF THE KEY AREAS OF FOCUS FOR THE INSTITUTE IS TO PROVIDE PERSONAL, PROFESSIONAL COACHING SERVICES FOR OUR STUDENTS. THIS IS ACCOMPLISHED BY FINDING QUALIFIED INDIVIDUALS WHO HAVE PROFESSIONAL EXPERIENCE IN THE COLLEGE/UNIVERSITY ENVIRONMENT, BOTH FROM AN ADMINISTRATIVE OR TEACHING PERSPECTIVE AND FROM THE EXPERIENCE OF WORKING WITH STUDENTS. THESE COACHES PROVIDE OUR STUDENTS WITH HANDS-ON GUIDANCE AT AN AFFORDABLE COST.
"EMPOWER YOUR ASSETS" (EYA) DELIVERS THE LIFE SKILLS OF DEVELOPMENT, CONFIDENCE, CAPABILITY, AND ACCOUNTABILITY IN A FRAMEWORK OF PRACTICAL FINANCIAL LITERACY AND COLLEGE/CAREER GUIDANCE AND SUCCESS. EYA IS TRANSFORMATIONAL BY EMPOWERING THE STUDENT WITH AWARENESS AND ABILITY TO EMPLOY HIS OR HER "ENTIRE PERSON AS AN ASSET." WE, AND THE STUDENT, DEPLOY DESIGN, VISION, PERSISTENCE AND CAPABILITIES THAT EDUCATION CAN AFFORD. PRACTICAL TOOLS OF "HOW-TOX AND WHY FINANCE AND PERSONAL CAREER AND COLLEGE OPPORTUNITY TEACHES THE STUDENT HOW TO ENGAGE IN A "CULTURE OF OPPORTUNITY." EYA ADVISORS GIVE INDIVIDUALIZED CLOSE ATTENTION AS A CARING ADULT, GIVING THE GUIDANCE AND STRENGTH TO EXPECT SUCCESS. THE PROGRAM OFFERS CREATIVE AND PRACTICAL LESSONS OF MATH AND PERSONAL FINANCE.
ALL PROGRAM EXPENSES ARE FOR THE PURPOSE OF MAINTAINING OUR TWO MAIN PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bromeier Chief Financial Officer | Officer | 20 | $40,400 |
Alan Gappinger Chief Executive Officer | Officer | 20 | $38,400 |
David Mcconico Secretary/treasurer | OfficerTrustee | 1 | $0 |
Gregory Anderson Vice President | OfficerTrustee | 1 | $0 |
Paul Mclemore President/chairman | OfficerTrustee | 20 | $0 |
Lili Ben Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
World Financial Group Inc College Planning Consultants | 12/30/21 | $202,725 |
Partners In Financial Literacy Coaching Services | 12/30/21 | $106,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $793,039 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $793,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation of current officers, directors, key employees. | $47,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,677 |
| Pension plan accruals and contributions | $7,337 |
| Other employee benefits | $4,297 |
| Payroll taxes | $28,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,893 |
| Fees for services: Accounting | $1,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,513 |
| Advertising and promotion | $16,988 |
| Office expenses | $2,155 |
| Information technology | $27,726 |
| Royalties | $0 |
| Occupancy | $38,500 |
| Travel | $373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,228 |
| Insurance | $6,160 |
| All other expenses | $452,985 |
| Total functional expenses | $957,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,517 |
| Savings and temporary cash investments | $61,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,575 |
| Inventories for sale or use | $11,313 |
| Prepaid expenses and deferred charges | $5,621 |
| Net Land, buildings, and equipment | $8,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $363,367 |
| Other assets | $210 |
| Total assets | $588,179 |
| Accounts payable and accrued expenses | $4,138 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $25,117 |
| Total liabilities | $29,455 |
| Net assets without donor restrictions | $557,224 |
| Net assets with donor restrictions | $1,500 |
| 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 | $588,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heartland Institute For Financial Education has recieved totaling $70.
| Awarding Organization | Amount |
|---|---|
Stephen And Aegean Family Foundation San Jose, CA PURPOSE: PROVIDES A UNIQUE, DYNAMIC LEARNING OPPORTUNITY IN THE CRITICAL AREA OF FINANCIAL EDUCATION. COURSE INSTRUCTION OCCURS IN THE WORKPLACE OR IN PRIVATELY HOSTED GROUP SETTINGS. | $70 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Ending Balance | $100,000 |
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|---|---|---|
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