HERITAGE EDUCATIONAL FOUNDATION

EIN: 203534660 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$374,439
Total Expenses
$378,658
Total Assets
$358,069
Net Assets
$358,069
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Principal Officer
ELIEZER DIMARSKY
Phone
7734161640
Tax Period
2024-07-01 to 2025-06-30

HERITAGE EDUCATIONAL FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $374K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

PROMOTING JEWISH CULTURE TO IMMIGRANTS FROM THE FORMER SOVIET UNION

Program Service Accomplishments

Program 1
Expenses: $219,215 Revenue: $14,962

CONDUCTING CLASSES FOR IMMIGRANT FAMILIES FROM THE FORMER SOVIET UNION. PROGRAMS FOR CHILDREN AND SEMINARS FOR PARENTS. EMPHASIZING JEWISH HISTORY, CULTURE AND LANGUAGE. OVER 200 FAMILIES SERVED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $359,477
Program Service Revenue $14,962
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,439

Expense Breakdown

Grants Paid $98,640
Salaries & Benefits $0
Fundraising Expenses $8,500
Program Expenses $219,215
Other Expenses $280,018
TOTAL EXPENSES $378,658

Year-over-Year Comparison

2024 2023 Change
Revenue $374,439 $306,342 +0.2%
Expenses $378,658 $115,118 +2.3%
Net Income $-4,219 $191,224 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIEZER DIMARSKY EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $0 $0
ADINA DIMARSKY SECRETARY 5.00
Officer Director
$0 $0 $0
AVRAHAM DIMARSKY TREASURER 10.00
Officer Director
$0 $0 $0
SVETLANA PRITZKER DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $374,439 $378,658 $358,069 $-4,219
2024 $306,342 $115,118 $362,288 $191,224
2023 $216,705 $45,760 $171,064 $170,945
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