Heart System INC FY2023 filing

Atkinson, NHUnknown exempt organizationEIN 22-2939768

Services for disabled individuals.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $19K a year · 107% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
-67% vs prior year
Spent
$10K
To programs
100%
Net assets
$117K
By yearFY2020–FY2024
Revenue
$9K
FY2023▼ -67%
Revenue by fiscal year
FY2020$26K
FY2021$26K
FY2022$26K
FY2023$9K
FY2024$0
Expenses
$10K
FY2023▼ -44%
Expenses by fiscal year
FY2020$19K
FY2021$17K
FY2022$19K
FY2023$10K
FY2024$117K
Net assets
$117K
FY2023▼ -1%
Net assets by fiscal year
FY2020$102K
FY2021$111K
FY2022$119K
FY2023$117K
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $10K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Heart System INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides essential services and support for individuals with disabilities.

Provided by the organization

This section is blank until Heart System INC claims this page.

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1 program service account for $10K of program spending, described in the organization's own filed words · FY2022.
01

Residential programs to assist in arranging living options and daily activities for the disabled.

$10Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$9K
Ln 12
Fees for servicesLn 2g$9K
Money outPt IX
$10K
Ln 25
Programscol B$10K
Owns and owesPt X
$117K
net assets · Ln 32
Total assetsLn 16$117K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9K
Total revenueLn 12$9K
Assets in detailPt X, end of year
CashLn 1$0
Land, buildings, equipmentLn 10c$116K
Other assetsLn 15$1K
Total assetsLn 16$117K
LiabilitiesLn 26$0
Net assetsLn 32$117K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$0
Land, buildings, equipmentLn 10c$122K$116K
Total assetsLn 16$131K$117K
LiabilitiesLn 26$12K$0
Net assetsLn 32$119K$117K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$6K$6K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$10K$10K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$117K−$117K$0 990 PDF
FY2023 Viewing $9K$10K−$2K$117K 990 PDF
FY2022 $26K$19K$8K$119K 990 PDF
FY2021 $26K$17K$9K$111K 990 PDF
FY2020 $26K$19K$7K$102K 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
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $8,820 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,820$8,820
VIII-12 Total revenueRelated to mission $8,820 · Unrelated business $0 · Excluded from tax $0$8,820
Part IX · Statement of functional expenses $10,451 across 2 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $6,216$6,216
IX-24 Other expenses (24a–d)Programs $4,235$4,235
IX-25 Total functional expensesPrograms $10,451 · Management $0 · Fundraising $0$10,451
Part X · Balance sheet $117,118 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,948$0
X-10c Land, buildings and equipment, netStart of year $122,213$115,997
X-15 Other assetsStart of year $0$1,121
X-16 Total assetsStart of year $131,161$117,118
X-25 Other liabilitiesStart of year $12,412$0
X-26 Total liabilitiesStart of year $12,412$0
X-27 Net assets without donor restrictionsStart of year $118,749$117,118
X-32 Total net assets or fund balancesStart of year $118,749$117,118
X-33 Total liabilities and net assetsStart of year $131,161$117,118
Part XI · Reconciliation of net assets $117,118 net assets at year end
XI-1 Total revenue$8,820
XI-2 Total expenses$10,451
XI-3 Revenue less expenses−$1,631
XI-4 Net assets at start of year$118,749
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$117,118

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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