Heritage Academy Inc
Nonprofit profile at a glance
- EIN
- 352367216
- IRS 990 coverage
- 2011–2011
- Forms available
- Form 990 2011
- Location
- Deland, FL, USA
- Phone
- 3865867500
- Rating confidence
- Limited
- Sector
- Secondary, High School
Reported finances
- Revenue
- $1,310,138
- Expenses
- $1,533,688
- Assets
- $77,145
- Liabilities
- $77,145
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
3 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a research-based, supportive learning environment that meets the academic and social skills needs of high school students. To instill in students strong values that encourage positive community involvement and a commitment to lifelong learning.
What it reported doing in 2011
Heritage academy offers a unique pre k through 12th grade environment. Small class sizes, project based learning, and the ability to have one on one time with a teacher makes heritage acaedmy a very student friendly enviornment. The school served a total of 95 students during the fiscal year.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 16
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.1%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Highest-paid contractors: 1 contractor listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.