Heritage Ranch INC

Eastsound, WA · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$244K
-15% vs prior year
Spent
$263K
To programs
87%
Net assets
−$52K
By yearFY2020–FY2024
Revenue
$244K
FY2024▼ -15%
Revenue by fiscal year
FY2020$145K
FY2021$355K
FY2022$466K
FY2023$286K
FY2024$244K
Expenses
$263K
FY2024▼ -36%
Expenses by fiscal year
FY2020$315K
FY2021$209K
FY2022$460K
FY2023$412K
FY2024$263K
Net assets
−$52K
FY2024▼ -123%
Net assets by fiscal year
FY2020$129K
FY2021$275K
FY2022$281K
FY2023$225K
FY2024−$52K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CHeritage Ranch INC
EINHdr · item D20-0755792
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEastsound, WA
NTEE classificationIRS BMFEducation (B99)
WebsiteHdr · item Jheritageranchinc.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$229K
Management & general13%$34K
Total functional expensesLn 25$263K

Financial health

Is it on solid ground?

Program efficiency
87%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$567K
FY2024▼ -22%
Total assets by fiscal year
FY2020$546K
FY2021$693K
FY2022$781K
FY2023$725K
FY2024$567K
Total liabilities
$619K
FY2024▲ +24%
Total liabilities by fiscal year
FY2020$417K
FY2021$417K
FY2022$500K
FY2023$500K
FY2024$619K
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$567K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$237K
Total assetsLn 16$567K
Total liabilitiesLn 26$619K
Total net assetsLn 32−$52K
Months of cash on handcomputed10.8

Statement of Revenue

Part VIII
Contributions & grants$221K · 90%
Program service revenue$28K · 12%
Investment income$5K · 2%
Contributions & grants90%$221K
Program service revenue12%$28K
Investment income2%$5K
— government grantsLn 1e$220K
Total revenueLn 12$244K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $237K · Operating expenses/yr $263K
10.8 months
Where the money goes
Program services
Program services $229K · Total expenses $263K
87%
Management & General
Management & general $34K · Total expenses $263K
13%
Fundraising
Fundraising $0 · Total expenses $263K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $294
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $221K · Total revenue $244K
90%
Government reliance
Government grants $220K · Total revenue $244K
90%
Earned-income share
Program service revenue $28K · Total revenue $244K
12%
Investment reliance
Investment income $5K · Total revenue $244K
+2%
Program self-sufficiency
Program service revenue $28K · Total expenses $263K
11%
Growth & trend
Revenue growth (YoY)
This year $244K · Prior year $286K
-15%
Revenue CAGR
FY2020 $145K · FY2024 $244K
+14%
Net-asset trend (YoY)
End of year −$52K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $244K · Expenses $263K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $567K
—
Net-asset ratio
Net assets −$52K · Total assets $567K
-9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $567K
0%
People & payroll
Highest Reported Total Compensation
Individual Marcy Montgomery · Reported title Executive Dir. · Highest reported compensation $0 · Total expenses $263K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $263K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth -15%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Marcy Montgomery’s $49K as Executive Director is at the 40th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Marcy Montgomery$49,172$67,000$27,500$36,039

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Strengthens rural communities through food, health, culture, housing, and energy initiatives.

Provided by the organization

This section is blank until Heritage Ranch INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $229K of program spending, described in the organization's own filed words · FY2024.
01

Grant veggie RX- food access and nutrition programs in hawaii delivering produce to low in come and health challenged in conjunction with community and clinical organizations. Promoted access to fresh, local fruits and vegetables on remote islands.

$144Kprogram expense
02

Grant cultural- san juan makers guild- the guild developed and delivered a series of educations events and workshops for san juan county makers, wa

$77Kprogram expense
03

Grant green jobs- training programs in wa and hi providing employment and services to low income persons

$8Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
ArtsfundFY2024$35K
Total grants receivedfrom 1 funder$35K
Grants paid · 1 grant · $77K · 2021–2021
Unitemized GrantFY2021$77,223

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $244K$263K-15% 990 PDF
FY2023 $286K$412K-39% 990 PDF
FY2022 $466K$460K+31% 990 PDF
FY2021 $355K$209K+144% 990 PDF
FY2020 $145K$315K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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