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Heritage Academy FY2022 filing

Los Altos, CAUnknown exempt organization EIN 26-2461552Revenue $794K in FY2022

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.

96¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$794K
-22% vs prior year
Spent
$716K
To programs
96%
Net assets
$604K
By yearFY2021–FY2025
Revenue
$794K
FY2022▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$794K
FY2023$742K
FY2024$818K
FY2025$974K
Expenses
$716K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$771K
FY2022$716K
FY2023$832K
FY2024$1.0M
FY2025$1.3M
Net assets
$604K
FY2022▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2021$525K
FY2022$604K
FY2023$513K
FY2024$329K
FY2025$0

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

96 cents of each dollar spent went to programs.

Program services 96% · $685K Management & general 4% · $31K

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

10 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Kera Pent
Principal
$70,000Pt VII · Sec A
Kathleen Poonen
Board Member/Secretary
$0Pt VII · Sec A
Clif Davidson
Chairman/Board Member
$0Pt VII · Sec A
Vicky Powers
Board Member
$0Pt VII · Sec A
Lance Westcott
Board Member
$0Pt VII · Sec A
Peter Hung
Board Member
$0Pt VII · Sec A
Dorothy Hung
Board Member
$0Pt VII · Sec A
Katina Gianakakos
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.

See Heritage Academy 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 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 · $685K · in their own filed words · FY2021
01

Significantly increased teacher salaries to retain teachers and increase teachers production & satisfaction.

$685Kprogram expense
02

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

Pt IX · col B
03

Hired two new staff members to service all students 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
Morgan Stanley Global Impact Funding Trust INCFY2022$10K
Agape Foundation Charitable TrustFY2022$10K
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$794K
Ln 12
Fees for servicesLn 2g$682K
Gifts and grantsLn 1h$112K
Money outPt IX
$716K
Ln 25
Programscol B$685K
Managementcol C$31K
Owns and owesPt X
$604K
net assets · Ln 32
Cash and savingsLn 1–2$605K
Total assetsLn 16$605K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Fees for servicesLn 2g$682K
Total revenueLn 12$794K
Assets in detailPt X, end of year
SavingsLn 2$605K
Cash and savings togetherLn 1–2$605K
Total assetsLn 16$605K
LiabilitiesLn 26$2K
Net assetsLn 32$604K
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 FY22End FY22
Cash and savingsLn 1–2$528K$605K
Total assetsLn 16$528K$605K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$525K$604K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$50K$20K
Other salaries and wagesLn 7$491K$485K$7K
Other fees for servicesLn 11g$37K$37K
Office expensesLn 13$13K$12K$1K
OccupancyLn 16$52K$49K$3K
InterestLn 20$571$571
Other expenses (24a–d)Ln 24$49K$49K$0
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$716K$685K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $974K$1.3M−$303K$0 990 PDF
FY2024 $818K$1.0M−$184K$329K 990 PDF
FY2023 $742K$832K−$90K$513K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $794,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $338,085$111,636
I-9 Program service revenuePrior year $678,718$682,493
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,016,803$794,129
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 $602,404$561,333
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $168,330$154,480
I-18 Total expensesPrior year $770,734$715,813
I-19 Revenue less expensesPrior year $246,069$78,316
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $794,129 across 4 lines filed
VIII-1f All other contributions, gifts and grants$111,636
VIII-1h Total contributions, gifts and grants$111,636
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $682,493$682,493
VIII-12 Total revenueRelated to mission $682,493 · Unrelated business $0 · Excluded from tax $0$794,129
Part IX · Statement of functional expenses $715,813 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,000 · Management $20,000$70,000
IX-7 Other salaries and wagesPrograms $484,513 · Management $6,820$491,333
IX-11g Other fees for servicesPrograms $37,498$37,498
IX-13 Office expensesPrograms $11,532 · Management $1,275$12,807
IX-16 OccupancyPrograms $49,151 · Management $2,590$51,741
IX-20 InterestPrograms $571$571
IX-24 Other expenses (24a–d)Programs $48,971 · Management $0$48,971
IX-24e All other expensesPrograms $2,892$2,892
IX-25 Total functional expensesPrograms $685,128 · Management $30,685 · Fundraising $0$715,813
Part X · Balance sheet $605,359 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $527,722$605,359
X-16 Total assetsStart of year $527,722$605,359
X-17 Accounts payable and accrued expensesStart of year $2,289$1,609
X-26 Total liabilitiesStart of year $2,289$1,609
X-27 Net assets without donor restrictionsStart of year $525,433$603,750
X-32 Total net assets or fund balancesStart of year $525,433$603,750
X-33 Total liabilities and net assetsStart of year $527,722$605,359
Part XI · Reconciliation of net assets $603,750 net assets at year end
XI-1 Total revenue$794,129
XI-2 Total expenses$715,813
XI-3 Revenue less expenses$78,316
XI-4 Net assets at start of year$525,433
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$603,750

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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