Heritage Academy Inc
- Assets
- $18.4m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 211
- Location
- Mesa, AZ
- Founding
- 08/2016
- Data as of
- 06/2021
- EIN
- 86-0757062
Organization Overview
Heritage Academy Inc is located in Mesa, AZ. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Heritage Academy Inc employed 211 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Heritage Academy 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 06/2021, Heritage Academy Inc generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $12.8m during the year ending 06/2021. While expenses have increased by 17.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENTS WITH A CLEAN, MORAL, POSITIVE ATMOSPHERE. ENCOURAGE STUDENTS TO MASTER THE PRIMARY AND SECONDARY SKILLS IN THE FIELDS OF HISTORY, MATH, WRITING, LITERATURE, GRAMMAR, READING, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE ACADEMY, INC. OPERATES AS A CHARTER SCHOOL FOR GRADES 7-12 IN THE GREATER PHOENIX AREA. THE SCHOOL HAD APPROXIMATELY 787 STUDENTS ENROLLED DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Taylor Chairman/ceo | OfficerTrustee | 23 | $153,640 |
Erik Vogelsberg CFO | Officer | 23 | $107,437 |
Heidi Udall Principal | Trustee | 40 | $103,505 |
Marie Renard Director | Trustee | 40 | $95,829 |
Eve Seaman Director | Trustee | 40 | $93,337 |
Sandra Johnstun Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,777,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,812,716 |
| Total Program Service Revenue | $11,642,329 |
| Investment income | $340 |
| 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 | $13,455,385 |
| 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. | $553,748 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,893,044 |
| Pension plan accruals and contributions | $802,500 |
| Other employee benefits | $202,605 |
| Payroll taxes | $509,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,980 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $801,653 |
| Advertising and promotion | $19,247 |
| Office expenses | $40,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $488,006 |
| Travel | $134,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,826 |
| Interest | $916,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480,823 |
| Insurance | $276,193 |
| All other expenses | $652,988 |
| Total functional expenses | $12,806,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,217,899 |
| Savings and temporary cash investments | $594,598 |
| 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 | $237,356 |
| Net Land, buildings, and equipment | $14,269,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,044,719 |
| Total assets | $18,363,649 |
| Accounts payable and accrued expenses | $966,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,211,561 |
| 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 | $490,773 |
| Total liabilities | $14,669,019 |
| Net assets without donor restrictions | $3,694,630 |
| Net assets with donor restrictions | $0 |
| 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 | $18,363,649 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Academy Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |
The High Desert Partnership In Academic Excellence Foundation Inc Apple Valley, CA | $122,407,472 | $39,911,807 |