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Heart of America Foundation
Heart of America Foundation reported $17.1 million in revenue and $16.6 million in expenses for calendar year 2024. Of every $100 it spent, $88.66 went to program services, $7.23 to management and general costs and $4.11 to fundraising. Its largest source of revenue was contributions and grants: 95.5% of the total. The highest compensation it reported for one person was $270,323 (PRESIDENT). 11 people received more than $100,000 in reportable compensation. Revenue rose 346% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.7% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 95.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.9% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.6% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $270,323 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.63% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 11 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 11 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe transformation program renews community support in enriching student lives, helping them regain lost opportunities for learning because of dilapidated and outdated facilities. The transformation program transforms school libraries and other educational community spaces into engaging learning spaces, saturating school environments with new books. Remodeled spaces are revitalized with improved technology, high-quality books, education materials and modern furniture to become a vibrant learning center - the new heart of a community
Resource distribution program puts books, school supplies and vital technology into the hands of children who need them the most. Elementary, middle and high schools and students receive new, age-appropriate books to replenish school, classroom and home libraries. At book giveaway events, staff and volunteers read to children and engage in inter-generational enrichment and educational activities. This program introduces young people to community service and provides meaningful hands-on experiences. In times of disaster and pandemics, the program works directly with impacted school districts…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 60.00 hrs/week | $260,000 | $0 | $10,323 | $270,323 |
| VICE PRESIDENT, DEVELOPMENT Highest compensated employee, 50.00 hrs/week | $170,000 | $0 | $27,572 | $197,572 |
| SENIOR VICE PRESIDENT, OPERATIONS Highest compensated employee, 50.00 hrs/week | $190,000 | $0 | $7,061 | $197,061 |
| VICE PRESIDENT, GOVERNMENT AFFAIRS Highest compensated employee, 50.00 hrs/week | $162,500 | $0 | $16,908 | $179,408 |
| VICE PRESIDENT, FINANCE Highest compensated employee, 50.00 hrs/week | $166,500 | $0 | $6,599 | $173,099 |
| VICE PRESIDENT, HR AND ADMIN Highest compensated employee, 50.00 hrs/week | $164,500 | $0 | $6,480 | $170,980 |
11 people received more than $100,000 in reportable compensation from Heart of America Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $270K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 558
- Volunteers Part I, line 62,482
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| GOOD NEWS DEVELOPMENT General contractor | $786,294 |
| C70 BUILDERS General contractor | $772,940 |
| AVANTIS EDUCATION Supplier | $597,004 |
| ATMOSPHERE COMMERCIAL INTERIORS Supplier | $510,672 |
| FIERO DESIGN Consultant | $501,800 |
Individuals listed as contractors are left out. 26 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Heart of America Foundation totaling $1.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Heart of America Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Heart of America Foundation, you can publish a response that is linked from this page.
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Of every $100 Heart of America Foundation spent in 2024, $88.66 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- PennreachAllentown, NJ · revenue $17M · programs 92.7% · FY2025
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All community improvement & capacity building charities · Largest charities in District of Columbia
Questions people ask
How much of Heart of America Foundation's spending goes to programs?
In calendar year 2024, Heart of America Foundation reported that 88.7% of its $16.6 million in expenses went to program services, 7.2% to management and general and 4.1% to fundraising (Form 990, Part IX).
How much does Heart of America Foundation pay its top executive?
The largest total compensation Heart of America Foundation reported for one person in calendar year 2024 was $270,323, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Heart of America Foundation get its money?
Of $17.1 million in revenue in calendar year 2024, 95.5% came from contributions and grants (including 4.9% from government grants) and 0.6% from program service revenue (Form 990, Part VIII).
Is Heart of America Foundation a registered charity?
The IRS lists EIN 52-2034127 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503099349303910 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432899349301803 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343129349304984 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202779349300220 · read the filing
- 2020: Form 990 for calendar year 2020, object 202142539349301134 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043119349302554 · read the filing
All filings for EIN 52-2034127: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.