Heart of Brevard EIN 56-1721004

Heart of Brevard

EIN  56-1721004 Public charity (501(c)(3)) Brevard, NC
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Size
$100K–1M
What they do
Strengthens downtown Brevard's economy and heritage by creating a community gathering place.
Leadership
Jessica Bentley · Executive Director · $88K
Money in and out
$589K revenue, $501K expenses
Bottom line
86% program efficiency

Strengthens downtown Brevard's economy and heritage by creating a community gathering place. For fiscal year 2025 it reported $589K in revenue, $501K in expenses, and $278K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$278K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $88K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.11 Fundraising $0.02
Program efficiency
86%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +182% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$589K
FY2025▲ +57%
Expenses
$501K
FY2025▲ +13%
Total assets
$288K
FY2025▲ +47%
Total liabilities
$10K
FY2025▲ +81%
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$278K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$288K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $433K of program spending, described in the organization's own filed words · FY2024.
01

Downtown Events & Community Festivals

Heart of Brevard produces signature downtown events and festivals that strengthen community connection, increase visitation, and generate economic activity for small businesses in downtown Brevard.

$433Kprogram expense
02

Downtown Marketing & Promotion

Heart of Brevard leads coordinated marketing and promotional initiatives designed to increase visibility, visitation, and spending in the downtown district. Campaigns highlight Brevards independent businesses, arts culture, and walkable downtown experience while encouraging residents and visitors to shop, dine, and explore locally.

Pt IX · col B
03

Downtown Economic Vitality & Investment Support

Heart of Brevard supports economic development and preservation-based revitalization in the downtown district by providing technical assistance, small grants, and parterships that encourage private investment and business growth. These efforts help maintain Brevards Brevards historic character while strengthening its local economy.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHeart of Brevard
EINHdr · item D56-1721004
Principal addressHdr · item CBrevard, NC
WebsiteHdr · item Jbrevardnc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$88,397Pt VII · Sec A
President
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jessica Bentley’s $88K as Executive Director is at the 65th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jessica Bentley$88,397$84,513$75,506$62,443$57,000
Heath Seymour$13,946

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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Statement of Revenue

Part VIII
Contributions & grants$454K · 77%
Other revenue$100K · 17%
Program service revenue$28K · 5%
Investment income$7K · 1%
Contributions & grants77%$454K
Other revenue17%$100K
Program service revenue5%$28K
Investment income1%$7K
— government grantsLn 1e$244K
Total revenueLn 12$589K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.02
Program services86%$433K
Management & general11%$56K
Fundraising2%$11K
Total functional expensesLn 25$501K

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$288K
Total liabilitiesLn 26$10K
Total net assetsLn 32$278K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $281K · Operating expenses/yr $501K
6.7 months
Where the money goes
Program services
Program services $433K · Total expenses $501K
86%
Management & General
Management & general $56K · Total expenses $501K
11%
Fundraising
Fundraising $11K · Total expenses $501K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $128K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $454K · Total revenue $589K
77%
Government reliance
Government grants $244K · Total revenue $589K
41%
Earned-income share
Program service revenue $28K · Total revenue $589K
5%
Investment reliance
Investment income $7K · Total revenue $589K
+1%
Program self-sufficiency
Program service revenue $28K · Total expenses $501K
6%
Growth & trend
Revenue growth (YoY)
This year $589K · Prior year $376K
+57%
Revenue CAGR
FY2019 $177K · FY2024 $589K
+27%
Net-asset trend (YoY)
End of year $278K · Beginning of year $190K
+46%
Balance sheet
Surplus Margin
Revenue $589K · Expenses $501K
+15%
Liabilities-to-Assets
Total liabilities $10K · Total assets $288K
3%
Net-asset ratio
Net assets $278K · Total assets $288K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $288K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Bentley · Reported title Executive Director · Highest reported compensation $88K · Total expenses $501K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $168K · Total expenses $501K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 11%
Fundraising cost ratio 2%
Revenue growth 57%
Accounting fee ratio 1%

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
Total grants receivedfrom 2 funders$95K
Grants paid · 2 grants · $20K · 2021–2022
Unitemized GrantFY2022$13,250
Brevard Brewing CompanyFY2021$6,500

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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
FY2025 (Latest)$589K revenue · viewing · ⤓ 990 PDF
FY2024$376K revenue · ⤓ 990 PDF
FY2023$335K revenue · ⤓ 990 PDF
FY2022$279K revenue · ⤓ 990 PDF
FY2021$222K revenue · ⤓ 990 PDF
FY2020$177K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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