Heartwood Charter School
- Assets
- $1.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Petaluma, CA
- Founding
- Data as of
- 06/2022
- EIN
- 30-1200893
Organization Overview
Heartwood Charter School is located in Petaluma, CA. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Heartwood Charter School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartwood Charter School 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, Heartwood Charter School generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 69.2% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 59.7% per year over the past 2 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
THE MISSION OF HEARTWOOD CHARTER SCHOOL IS TO PROVIDE A SUPPORTIVE INDEPENDENT STUDY LEARNING ENVIRONMENT IN WHICH STUDENTS MAY CHOOSE A NUMBER OF PATHS INSPIRED BY THE WHOLE CHILD APPROACH OF PUBLIC WALDORF EDUCATION, INCLUDING THE OPTIONS OF SPENDING PART OF THEIR WEEK IN A GROUP INSTRUCTIONAL ENVIRONMENT OR HOME STUDY WITH A STRONG CLASSIC PUBLIC WALDORF APPROACH, OR DESIGNING A MORE INDEPENDENT WHOLE CHILD, HOME STUDY OPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTWOOD CHARTER SCHOOL IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION WHOSE GOAL IS TO GRADUATE STUDENTS WHO ARE PROFICIENT IN ALL CORE SUBJECTS, WELL-PREPARED TO PURSUE FURTHER ACADEMIC AND PERSONAL GOALS, AND MOTIVATED TO MAKE POSITIVE, ETHICAL AND CREATIVE CONTRIBUTIONS TO THEIR WORLD.HEARTWOOD CHARTER PROVIDES A HOMESCHOOL PROGRAM OR A GROUP INSTRUCTIONAL PROGRAM FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Felton-Priestner Executive Dir. | Trustee | 40 | $110,085 |
Mark Puccinelli President | OfficerTrustee | 40 | $0 |
Tracy Lapera Member | Trustee | 4 | $0 |
Greg Browman Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,934,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,971,336 |
| Total Program Service Revenue | $14,401 |
| Investment income | $276 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,986,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,805 |
| Compensation of current officers, directors, key employees. | $23,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,558,069 |
| Pension plan accruals and contributions | $5,909 |
| Other employee benefits | $132,099 |
| Payroll taxes | $123,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,992 |
| Fees for services: Accounting | $6,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $444,162 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,293 |
| Travel | $5,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,755 |
| All other expenses | $1,838 |
| Total functional expenses | $3,064,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817,835 |
| Savings and temporary cash investments | $287,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $786,023 |
| 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 | $13,680 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,905,120 |
| Accounts payable and accrued expenses | $248,928 |
| Grants payable | $0 |
| Deferred revenue | $90,559 |
| 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 | $366,900 |
| Unsecured mortgages and notes payable | $190,474 |
| Other liabilities | $0 |
| Total liabilities | $896,861 |
| Net assets without donor restrictions | $983,694 |
| Net assets with donor restrictions | $24,565 |
| 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 | $1,905,120 |