Heights Schools Foundation EIN 32-0513315 Form 990 (PDF) Claim this org

Heights Schools Foundation

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Enriching educational experiences for Cleveland Heights-University Heights students. For fiscal year 2024 it reported $490K in revenue, $530K in expenses, and $601K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Education
Location
University Heights, OH
Website
heightsschoolsfoundation.org
Filings
4 on file (2021–2024)
Revenue
$490KFY2024
Expenses
$530K
Net assets
$601K
People
19
Filings
4
Updates
0
More identity details & actions ⌄
EIN  32-0513315 Public charity (501(c)(3)) University Heights, OH Founded 2016
Form 990 (PDF)
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Size
$100K–1M
What they do
Enriching educational experiences for Cleveland Heights-University Heights students.
Leadership
Laura Schwartz Loebl · Executive Director · $56K
Money in and out
$490K revenue, $530K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$490K
Pt VIII · Ln 12
Total expenses
$530K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.13 Fundraising $0.04
Program efficiency
82%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
13.6mo
months of highly liquid reserves at operating expense rate▼ -56% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +52% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$490K
FY2024▲ +151%
Expenses
$530K
FY2024▲ +132%
Total assets
$601K
FY2024▲ +2%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$490K
Pt VIII · Ln 12
Total expenses
$530K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHeights Schools Foundation
EINHdr · item D32-0513315
Principal addressHdr · item CUniversity Heights, OH
WebsiteHdr · item Jheightsschoolsfoundation.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFJul 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
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
Executive Director
$56,372Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Superintendent
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura Schwartz Loebl’s $56K as Executive Director is at the 48th percentile of top reported officer pay among 1616 $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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Laura Schwartz Loebl$56,372
Laura Schwartz Lobel$45,000
Julianna Johnston Senturia$26,717
Julianna Johnson Senturia$19,748$26,371
Laura Schwartz Loebel$26,085

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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Mission & Programs · Part III

Where the work happens

1 program service account for $437K of program spending, described in the organization's own filed words · FY2024.
01

In fy 2025, the heights schools foundation continued to provide scholarships for graduating seniors, ongoing support for our teachers and schools as well as a well attended distinguished alumni hall of fame program and ceremony. The foundation board of trustees met regularly and provided advice and assistance to the foundation staff.

$437Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$533K · 109%
Investment income$7K · 1%
Contributions & grants109%$533K
Investment income1%$7K
Total revenueLn 12$490K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.13 Fundraising $0.04
Program services82%$437K
Management & general13%$71K
Fundraising4%$22K
Total functional expensesLn 25$530K

Balance Sheet

Part X · end of year
CashLn 1$559K
Total assetsLn 16$601K
Total liabilitiesLn 26$0
Total net assetsLn 32$601K
Months of cash on handcomputed12.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $601K · Operating expenses/yr $530K
13.6 months
Where the money goes
Program services
Program services $437K · Total expenses $530K
82%
Management & General
Management & general $71K · Total expenses $530K
13%
Fundraising
Fundraising $22K · Total expenses $530K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $296K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $533K · Total revenue $490K
109%
Government reliance
Government grants — · Total revenue $490K
Earned-income share
Program service revenue $0 · Total revenue $490K
0%
Investment reliance
Investment income $7K · Total revenue $490K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $530K
0%
Growth & trend
Revenue growth (YoY)
This year $490K · Prior year $195K
+151%
Revenue CAGR
FY2020 $205K · FY2024 $490K
+24%
Net-asset trend (YoY)
End of year $601K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $490K · Expenses $530K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
Net-asset ratio
Net assets $601K · Total assets $601K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $41K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $601K
7%
People & payroll
Highest Reported Total Compensation
Individual Laura Schwartz Loebl · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $56K · Total expenses $530K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $113K · Total expenses $530K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 13%
Fundraising cost ratio 4%
Revenue growth 151%

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 · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 13 grants · $622K · 2020–2024
Metro Health Medical CenterFY2024$172,000
ChuhFY2024$64,591
Unitemized GrantFY2024$60,250
Unitemized GrantFY2023$53,766
Unitemized GrantFY2022$40,000
Ch-Uh City School DistrictOH · FY2021$55,578
Unitemized GrantFY2021$55,000
Right at SchoolFY2020$40,000
Unitemized GrantFY2020$35,750
RoxartsOH · FY2020$15,256
Open Doors INCOH · FY2020$11,000
Ch-Uh City School DistrictFY2020$7,272

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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
FY2024$195K revenue · ⤓ 990 PDF
FY2023$186K revenue · ⤓ 990 PDF
FY2022$409K revenue · ⤓ 990 PDF
FY2021$205K revenue · ⤓ 990 PDF

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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
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