Highlights Foundation Inc
- Assets
- $6.8m
- Revenue
- $1.6m
- Investments
- $892.6k
- Employees
- 0
- Location
- Honesdale, PA
- Founding
- 10/1987
- Data as of
- 02/2022
- EIN
- 31-1203417
Organization Overview
Highlights Foundation Inc is located in Honesdale, PA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlights Foundation Inc 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 02/2022, Highlights Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.5m during the year ending 02/2022. While expenses have increased by 13.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HIGHLIGHTS FOUNDATION POSITIVELY IMPACTS CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS WHO INFORM, EDUCATE, AND INSPIRE CHILDREN TO BECOME THEIR BEST SELVES.
Describe the Organization's Program Activity:
THE HIGHLIGHTS FOUNDATION POSITIVELY IMPACTS CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS WHO INFORM, EDUCATE, AND INSPIRE CHILDREN TO BECOME THEIR BEST SELVES.WE DO NOT TAKE LIGHTLY WHAT IT MEANS TO CREATE ENGAGING, AUTHENTIC STORIES FOR CHILDREN AND YOUTH. WE BELIEVE THAT YOU, AS STORYTELLERS, HAVE PROFOUND IMPACTS ON THE LIVES OF CHILDREN. THIS MATTERS A GREAT DEAL TO US AS AN ORGANIZATION, AND MOST IMPORTANTLY TO OUR WORLD.FOR MORE THAN 35 YEARS, THE HIGHLIGHTS FOUNDATION HAS EMBRACED THE CORE VALUES THAT SERVE OUR MISSION: EXCELLENCE, CREATIVITY, DIVERSITY, AND INTEGRITY.YEAR AFTER YEAR, ONLINE AND IN-PERSON, OUR PROGRAMS, STAFF, FACULTY, AND SCHOLARSHIPS HELP US BRING THIS MISSION TO YOU. WE OFFER A RANGE OF TOPICS AND TYPES OF COURSES, FROM NO-COST WEBINARS TO WEEK-LONG RESIDENCIES TO ONLINE INTENSIVES. THESE OFFERINGS PROVIDE EDUCATION, SUPPORT, AND ENCOURAGEMENT FOR BOTH BEGINNING AND PUBLISHED AUTHORS AND ILLUSTRATORS, AND ARE LED BY CHILDREN'S PUBLISHING PROFESSIONALS: EDITORS, AUTHORS, ILLUSTRATORS, ART DIRECTORS, PUBLISHERS, AGENTS, ACADEMICS, AND OTHERS WHO ARE THERE TO HELP OUR COMMUNITY REALIZE THEIR CREATIVE GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willa Perlman President | OfficerTrustee | 1 | $0 |
Dwight Smith Treasurer | OfficerTrustee | 1 | $0 |
Christine French Cully Vice President | OfficerTrustee | 1 | $0 |
Diana Falvo Secretary | OfficerTrustee | 1 | $0 |
George Brown Executive Director | Officer | 40 | $0 |
Rubin Pfeffer Director | Trustee | 1 | $0 |
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 | $451,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,913 |
| Total Program Service Revenue | $917,749 |
| Investment income | $156,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,999 |
| Net Gain/Loss on Asset Sales | $34,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,524 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,577,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,818 |
| Compensation of current officers, directors, key employees. | $12,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,848 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,324 |
| Fees for services: Other | $134,239 |
| Advertising and promotion | $34,223 |
| Office expenses | $52,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,948 |
| Travel | $30,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,897 |
| Insurance | $17,559 |
| All other expenses | $2,550 |
| Total functional expenses | $1,512,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,829 |
| Net Land, buildings, and equipment | $1,488,369 |
| Investments—publicly traded securities | $3,969,837 |
| Investments—other securities | $892,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,777,622 |
| Accounts payable and accrued expenses | $62,796 |
| Grants payable | $0 |
| Deferred revenue | $240,224 |
| 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 | $177,245 |
| Total liabilities | $480,265 |
| Net assets without donor restrictions | $6,129,934 |
| Net assets with donor restrictions | $167,423 |
| 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 | $6,777,622 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Highlights Foundation Inc has recieved totaling $69,561.
| Awarding Organization | Amount |
|---|---|
Doris Duke Foundation For Islamic Art New York, NY PURPOSE: TO SUPPORT US-BASED MUSLIMS IN CHILDREN'S PUBLISHING: ADDRESSING COMMON MISPERCEPTIONS AND CREATING AUTHENTIC NARRATIVES FROM MUSLIM AUTHORS AND ILLUSTRATORS | $60,150 |
Overlook Estate Foundation Inc Waverly, PA PURPOSE: PROGRAM SUPPORT | $8,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $510 |
Hickory Hill Foundation Honesdale, PA PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $500 |
The Grimm Foundation Waymart, PA PURPOSE: SUPPLORT CHILDRENS' EDUCATION | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Endowment Analysis
| Beg. Balance | $2,434,123 |
| Earnings | $159,945 |
| Ending Balance | $2,594,068 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |