Heritage Academy

Los Altos, CAUnknown exempt organization EIN 26-2461552Revenue $974K in FY2025

On file with the IRSheritageacademyk-6.org858 University Avenue · Los Altos, CA

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Provide classical education with a christian worldview for students grades kindergarten through 8th grade.

97¢ of each $1 spent went to programs.
Run by 58 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $51K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$974K
+19% vs prior year
Spent
$1.3M
To programs
97%
Net assets
$0
By yearFY2021–FY2025
Revenue
$974K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$794K
FY2023$742K
FY2024$818K
FY2025$974K
Expenses
$1.3M
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$771K
FY2022$716K
FY2023$832K
FY2024$1.0M
FY2025$1.3M
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$525K
FY2022$604K
FY2023$513K
FY2024$329K
FY2025$0

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.2M Management & general 3% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Principal
$54,000Pt VII · Sec A
Board Member/Secretary
$0Pt VII · Sec A
Chairman/Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Kera Pent$54,000$52,020$70,000$70,000$68,000

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates K-8 students classically with a Christian worldview.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2024
01

Provided instruction and live training to teachers regarding school culture and student learning types.

$1.2Mprogram expense
02

Planned multiple special events for members and alumni of the school community to memorialize the inpact had on students for almost two decades.

Pt IX · col B
03

Hired new staff members to service all students, subjects, and grade levels.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$974K
Ln 12
Fees for servicesLn 2g$916K
Gifts and grantsLn 1h$58K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.2M
Managementcol C$38K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Fees for servicesLn 2g$916K
Total revenueLn 12$974K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 58
VolunteersI 658
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$333K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$333K$0
LiabilitiesLn 26$4K$0
Net assetsLn 32$329K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K$38K$16K
Other salaries and wagesLn 7$935K$922K$13K
Other employee benefitsLn 9$58K$55K$3K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$32K$29K$3K
OccupancyLn 16$71K$68K$3K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$76K$76K$0
All other expensesLn 24e$304$304
Total functional expensesLn 25$1.3M$1.2M$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $974K$1.3M−$303K$0 990 PDF
FY2024 $818K$1.0M−$184K$329K 990 PDF
FY2023 $742K$832K−$90K$513K 990 PDF
FY2022 $794K$716K$78K$604K 990 PDF
FY2021 $1.0M$771K$246K$525K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $974,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,628$58,336
I-9 Program service revenuePrior year $776,200$915,670
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $817,828$974,006
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $739,248$1,046,078
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $262,452$230,909
I-18 Total expensesPrior year $1,001,700$1,276,987
I-19 Revenue less expensesPrior year −$183,872−$302,981
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $974,006 across 4 lines filed
VIII-1f All other contributions, gifts and grants$58,336
VIII-1h Total contributions, gifts and grants$58,336
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $915,670$915,670
VIII-12 Total revenueRelated to mission $915,670 · Unrelated business $0 · Excluded from tax $0$974,006
Part IX · Statement of functional expenses $1,276,987 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,800 · Management $16,200$54,000
IX-7 Other salaries and wagesPrograms $921,555 · Management $12,987$934,542
IX-9 Other employee benefitsPrograms $55,003 · Management $2,533$57,536
IX-11g Other fees for servicesPrograms $31,001$31,001
IX-13 Office expensesPrograms $28,783 · Management $2,939$31,722
IX-16 OccupancyPrograms $67,780 · Management $3,205$70,985
IX-23 InsurancePrograms $21,178$21,178
IX-24 Other expenses (24a–d)Programs $75,719 · Management $0$75,719
IX-24e All other expensesPrograms $304$304
IX-25 Total functional expensesPrograms $1,239,123 · Management $37,864 · Fundraising $0$1,276,987
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $332,983$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $332,983$0
X-17 Accounts payable and accrued expensesStart of year $3,938$0
X-26 Total liabilitiesStart of year $3,938$0
X-27 Net assets without donor restrictionsStart of year $329,045$0
X-32 Total net assets or fund balancesStart of year $329,045$0
X-33 Total liabilities and net assetsStart of year $332,983$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$974,006
XI-2 Total expenses$1,276,987
XI-3 Revenue less expenses−$302,981
XI-4 Net assets at start of year$329,045
XI-9 Other changes in net assets−$26,064
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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