HERITAGE FUND SUPPORTING FOUNDATION INC

EIN: 352135816 501(c)(3) Philanthropy & Grantmaking

COLUMBUS, IN

Total Revenue
$31,427
Total Expenses
$38,403
Total Assets
$908,909
Net Assets
$904,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IN
Principal Officer
EDITH BLAKESLEE
Phone
8123767772
Tax Period
2024-01-01 to 2024-12-31

HERITAGE FUND SUPPORTING FOUNDATION INC, founded in 2001, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $31K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $38K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE SUPPORTIVE SERVICES TO THE HERITAGE FUND - THE COMMUNITY FOUNDATION OF BARTHOLOMEW COUNTY.

Program Service Accomplishments

Program 1
Expenses: $10,714 Revenue: $21,627

THE PURPOSE OF THE SUPPORTING FOUNDATION IS TO SUPPORT THE OPERATIONS OF THE HERITAGE FUND. THIS IS ACCOMPLISHED IN MANY WAYS.THE HERITAGE FUND SUPPORTING FOUNDATION ENCOURAGES AND RECEIVES SPECIAL...

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THE PURPOSE OF THE SUPPORTING FOUNDATION IS TO SUPPORT THE OPERATIONS OF THE HERITAGE FUND. THIS IS ACCOMPLISHED IN MANY WAYS.THE HERITAGE FUND SUPPORTING FOUNDATION ENCOURAGES AND RECEIVES SPECIAL LIFETIME GIFTS FOR THE BENEFIT OF HERITAGE FUND OF BARTHOLOMEW COUNTY, INC. THE SUPPORTING FOUNDATION ALSO DEVELOPED A FUND TO HELP SUPPORT AND SUSTAIN THE ACTIVITIES OF THE HERITAGE FUND, WHICH ARE NOT NORMALLY FUNDED IN ITS ANNUAL OPERATING BUDGET. ALSO, THE HERITAGE FUND SUPPORTING FOUNDATION ESTABLISHED A POLICY FOR THE HANDLING OF REAL ESTATE AND OTHER PROPERTIES WHICH COME TO THE FOUNDATION TO SUPPORT AND PROMOTE THE WORK OF THE HERITAGE FUND.

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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 $3,000
Program Service Revenue $27,000
Investment Income $6,800
Other Revenue $-5,373
TOTAL REVENUE $31,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,836
Program Expenses $10,714
Other Expenses $38,403
TOTAL EXPENSES $38,403

Year-over-Year Comparison

2024 2023 Change
Revenue $31,427 $28,997 +0.1%
Expenses $38,403 $35,954 +0.1%
Net Income $-6,976 $-6,957 +0.0%
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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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$214,204
Total Directors
5
$214,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY SOUZA PRESIDENT & CEO 5.00
Officer Director
$0 $12,204 $214,204
LORI THOMPSON CHAIR 2.00
Officer Director
$0 $0 $0
ALICE JOHNSON VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MICHELLE SCHAEFER TREASURER 2.00
Officer Director
$0 $0 $0
PHIL LUZIUS SECRETARY 2.00
Officer 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
2024 $31,427 $38,403 $908,909 $-6,976
2023 $28,997 $35,954 $916,315 $-6,957
2022 $14,346 $40,586 $925,845 $-26,240
2021 $3,272 $32,673 $950,392 $-29,401
2020 $28 $34,899 $980,616 $-34,871
2019 $221 $34,294 $1,013,581 $-34,073
2018 $9,230 $30,256 $1,047,654 $-21,026
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