THE HERITAGE SCHOOL INC

EIN: 581077670 501(c)(3) Education

NEWNAN, GA

Total Revenue
$11,207,835
Total Expenses
$10,550,629
Total Assets
$19,375,132
Net Assets
$16,971,655
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
GA
Principal Officer
KAREN CRAWFORD
Phone
7702539898
Tax Period
2024-07-01 to 2025-06-30

THE HERITAGE SCHOOL INC, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $11.2M in total revenue in fiscal year 2024. Expenses of $10.6M left a modest 6% surplus.

Mission

THE MISSION OF THE HERITAGE SCHOOL IS TO DEVELOP THE MIND THROUGH A FULL RANGE OF RIGOUROUS ACADEMICS; TO DEVELOP THE BODY THROUGH COMPETITION AND TEAMWORK; TO DEVELOP THE SPIRIT THROUGH SELF-AWARENESS AND GROWTH; AND TO DEVELOP CAMARADERIE THROUGH SHARED EXPERIENCES.

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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 $1,333,919
Program Service Revenue $9,626,702
Investment Income $245,443
Other Revenue $1,771
TOTAL REVENUE $11,207,835

Expense Breakdown

Grants Paid $966,225
Salaries & Benefits $5,939,193
Fundraising Expenses $223,670
Program Expenses $8,008,877
Other Expenses $3,645,211
TOTAL EXPENSES $10,550,629

Year-over-Year Comparison

2024 2023 Change
Revenue $11,207,835 $10,673,265 +0.1%
Expenses $10,550,629 $9,744,183 +0.1%
Net Income $657,206 $929,082 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
140
Volunteers
50

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
6
$422,422
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE THOMPSON CHAIR 1.00
Officer Director
$0 $0 $0
SHANE LORD VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN LEWIS SECRETARY 1.00
Officer Director
$0 $0 $0
SALLY LOVE CONNALY-LIENAU TREASURER 1.00
Officer Director
$0 $0 $0
EDWYN CARTER TRUSTEE 1.00
Director
$0 $0 $0
JESS BARRON TRUSTEE 1.00
Director
$0 $0 $0
JIM THOMASSON TRUSTEE 1.00
Director
$0 $0 $0
JOSH CHAPMAN TRUSTEE 1.00
Director
$0 $0 $0
LYNN MARIE EADE TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH KEOUGH TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE DUNLAP TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN SKELLY HEAD OF SCHOOL 40.00
Officer
$242,053 $24,653 $266,706
KAREN CRAWFORD DIRECTOR OF FINANCE & OPER 40.00
Officer
$150,184 $5,532 $155,716
JAKE COPELAND DIRECTOR OF ATHLETICS 40.00
Highest
$102,392 $15,398 $117,790
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 $11,207,835 $10,550,629 $19,375,132 $657,206
2024 No data No data No data No data
2023 $10,957,831 $9,774,258 $16,388,564 $1,183,573
2022 $10,199,628 $9,470,901 $15,468,708 $728,727
2021 $10,704,645 $9,086,920 $15,278,015 $1,617,725
2020 $9,386,929 $9,838,031 $14,074,850 $-451,102
2019 $8,969,984 $9,045,513 $14,388,704 $-75,529
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