Higher Quest Foundation EIN 20-3406697

Higher Quest Foundation

EIN  20-3406697 Public charity (501(c)(3)) Tarpon Spgs, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides food and support to orphaned children and the indigent through self-sufficient fish farms.
Leadership
Rick Hermanns · Director
Money in and out
$300K revenue, $1K expenses
Bottom line
0% program efficiency

Provides food and support to orphaned children and the indigent through self-sufficient fish farms. For fiscal year 2021 it reported $300K in revenue, $1K in expenses, and $432K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$432K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $299K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
3701.4mo
months of highly liquid reserves at operating expense rate▲ ×13 vs prior filing year
Surplus margin
+100%
revenue over expenses, this year▲ +28% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$300K
FY2021▲ ×12
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$432K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$299K
Total assetsPt X · Ln 16$432K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $82K of program spending, described in the organization's own filed words · FY2021.
01

Support for veterans groups, recognition of sacrifice made by wounded veterans.

$77Kprogram expense
02

American heroes awards

$6Kprogram expense
03

Established fish farms in ghana, thailand, kenya, sudan and haiti. This fish farm will provide food and income to orphans and dependent mothers. Provide assistance to the economically and medically indigent in under developed regions.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHigher Quest Foundation
EINHdr · item D20-3406697
Principal addressHdr · item CTarpon Spgs, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFJun 2026

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Higher Quest Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$300K
Total revenueLn 12$300K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$1K
Total functional expensesLn 25$1K

Balance Sheet

Part X · end of year
CashLn 1$251K
Total assetsLn 16$432K
Total liabilitiesLn 26$0
Total net assetsLn 32$432K
Months of cash on handcomputed2145.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $432K · Operating expenses/yr $1K
3701.4 months
Where the money goes
Program services
Program services $0 · Total expenses $1K
0%
Management & General
Management & general $1K · Total expenses $1K
100%
Fundraising
Fundraising $0 · Total expenses $1K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $300K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $300K · Total revenue $300K
100%
Government reliance
Government grants — · Total revenue $300K
Earned-income share
Program service revenue $0 · Total revenue $300K
0%
Investment reliance
Investment income $0 · Total revenue $300K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1K
0%
Growth & trend
Revenue growth (YoY)
This year $300K · Prior year $26K
×12
Net-asset trend (YoY)
End of year $432K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $300K · Expenses $1K
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $432K
Net-asset ratio
Net assets $432K · Total assets $432K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $182K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $432K
42%
People & payroll
Highest Reported Total Compensation
Individual Rick Hermanns · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $1K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth ×12
Legal fee ratio 87%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$300K revenue · viewing · ⤓ 990 PDF
FY2020$26K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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