The mission of the Heritage School is to develop the mind through a full range of rigorous academics; to develop the body through competition and teamwork; to develop the spirit through self-awareness and growth; and to develop camaraderie through shared experiences.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 50 volunteers and 140 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
5 of 6
filings with a surplus
Average surplus $778K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$495K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $3.3M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.2M
+5% vs prior year
Spent
$10.6M
To programs
76%
Net assets
$17.0M
By yearFY2020–FY2025
Revenue
$11.2M
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.4M
FY2021$10.7M
FY2022$10.2M
FY2023$11.0M
FY2024$10.7M
FY2025$11.2M
Expenses
$10.6M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.8M
FY2021$9.1M
FY2022$9.5M
FY2023$9.8M
FY2024$9.7M
FY2025$10.6M
Net assets
$17.0M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.1M
FY2021$12.8M
FY2022$13.3M
FY2023$14.5M
FY2024$16.3M
FY2025$17.0M

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 ruling in Jul 1970.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $8.0M Management & general 22% · $2.3M Fundraising 2% · $224K

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

14 people listed on the 990; $495K 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
Head of School
$242,053Pt VII · Sec A
Director of Finance & Oper
$150,184Pt VII · Sec A
Director of Athletics
$102,392Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristin Skelly’s $242K as Head of School is at the 50th percentile of top reported officer pay among 3683 $10–100M 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kristin Skelly$242,053$227,600$225,000$206,080$184,797$173,000
Karen Crawford$150,184$135,944$133,755$91,696——
Nathan Watts—$118,041————
Daniel Langford———$50,484$108,605$54,583
Jake Copeland$102,392—————
Wendy Barnhart—————$64,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops minds, bodies, and spirits through academics, competition, and shared experiences.

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1 program · $8.0M · in their own filed words · FY2024
01

The heritage school is a co-educational, independent, college preparatory school committed to providing an environment that develops the mind in preparation for college and later life, the body through competition and teamwork, the spirit through self-awareness and growth, and camaraderie through shared experience.

$8.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 3 grants · $3.1M · 2022–2024
Unitemized GrantFY2024$966,225
Unitemized GrantFY2023$888,520
Unitemized GrantFY2022$1,209,553

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Fees for servicesLn 2g$9.6M
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$245K
Money outPt IX
$10.6M
Ln 25
Programscol B$8.0M
Managementcol C$2.3M
Fundraisingcol D$224K
Owns and owesPt X
$17.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$19.4M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$245K
Other incomeLn 4–11$2K
Gains on assetsLn 7$36K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$13.1M
Total assetsLn 16$19.4M
LiabilitiesLn 26$2.4M
Net assetsLn 32$17.0M
OperationsPt I, VI
EmployeesI 5140
VolunteersI 650
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$2.9M$2.9M
InvestmentsLn 11–13$3.1M$3.3M
Land, buildings, equipmentLn 10c$11.5M$13.1M
Total assetsLn 16$18.6M$19.4M
LiabilitiesLn 26$2.3M$2.4M
Net assetsLn 32$16.3M$17.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$966K$966K
Pay of current officers, directors and key staffLn 5$440K$440K
Other salaries and wagesLn 7$4.6M$3.6M$962K$22K
Pension plan contributionsLn 8$120K$77K$31K$12K
Other employee benefitsLn 9$466K$379K$84K$3K
Payroll taxesLn 10$350K$252K$96K$2K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$881K$507K$258K$116K
Advertising and promotionLn 12$6K$1K$4K$910
Office expensesLn 13$529K$391K$130K$8K
Information technologyLn 14$199K$89K$109K
OccupancyLn 16$413K$409K$4K
TravelLn 17$192K$178K$11K$3K
Depreciation, depletion and amortizationLn 22$919K$790K$110K$18K
InsuranceLn 23$133K$133K
Other expenses (24a–d)Ln 24$356K$248K$69K$39K
All other expensesLn 24e$15K$9K$5K
Total functional expensesLn 25$10.6M$8.0M$2.3M$224K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $11.2M$10.6M$657K$17.0M 990 PDF
FY2024 $10.7M$9.7M$929K$16.3M 990 PDF
FY2023 $11.0M$9.8M$1.2M$14.5M 990 PDF
FY2022 $10.2M$9.5M$729K$13.3M 990 PDF
FY2021 $10.7M$9.1M$1.6M$12.8M 990 PDF
FY2020 $9.4M$9.8M−$451K$11.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $11,207,835 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,436,445$1,333,919
I-9 Program service revenuePrior year $8,908,871$9,626,702
I-10 Investment incomePrior year $213,406$245,443
I-11 Other revenuePrior year $114,543$1,771
I-12 Total revenuePrior year $10,673,265$11,207,835
I-13 Grants and similar amounts paidPrior year $888,520$966,225
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,392,479$5,939,193
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,463,184$3,645,211
I-18 Total expensesPrior year $9,744,183$10,550,629
I-19 Revenue less expensesPrior year $929,082$657,206
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
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 $11,207,835 across 8 lines filed
Lines not itemized here account for $6,900 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,333,919
VIII-1g Noncash contributions (included above)$1,632
VIII-1h Total contributions, gifts and grants$1,333,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,619,802$9,619,802
VIII-3 Investment incomeExcluded from tax $208,961$208,961
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,340 · Excluded from tax $32,142$36,482
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,771$1,771
VIII-12 Total revenueRelated to mission $9,632,813 · Unrelated business $0 · Excluded from tax $241,103$11,207,835
Part IX · Statement of functional expenses $10,550,629 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $966,225$966,225
IX-5 Pay of current officers, directors and key staffManagement $439,995$439,995
IX-7 Other salaries and wagesPrograms $3,579,723 · Management $961,574 · Fundraising $21,667$4,562,964
IX-8 Pension plan contributionsPrograms $76,935 · Management $31,419 · Fundraising $11,500$119,854
IX-9 Other employee benefitsPrograms $378,989 · Management $84,074 · Fundraising $2,937$466,000
IX-10 Payroll taxesPrograms $252,494 · Management $96,290 · Fundraising $1,596$350,380
IX-11f Investment management feesManagement $3,976$3,976
IX-11g Other fees for servicesPrograms $506,572 · Management $258,224 · Fundraising $116,200$880,996
IX-12 Advertising and promotionPrograms $1,411 · Management $4,137 · Fundraising $910$6,458
IX-13 Office expensesPrograms $390,869 · Management $129,637 · Fundraising $8,082$528,588
IX-14 Information technologyPrograms $89,348 · Management $109,390$198,738
IX-16 OccupancyPrograms $408,584 · Management $4,203$412,787
IX-17 TravelPrograms $177,530 · Management $10,901 · Fundraising $3,225$191,656
IX-22 Depreciation, depletion and amortizationPrograms $790,354 · Management $110,282 · Fundraising $18,380$919,016
IX-23 InsurancePrograms $132,904$132,904
IX-24 Other expenses (24a–d)Programs $247,546 · Management $68,793 · Fundraising $39,173$355,512
IX-24e All other expensesPrograms $9,393 · Management $5,187$14,580
IX-25 Total functional expensesPrograms $8,008,877 · Management $2,318,082 · Fundraising $223,670$10,550,629
Part X · Balance sheet $19,375,132 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,861,901$2,938,270
X-3 Pledges and grants receivableStart of year $970,323$27,402
X-4 Accounts receivableStart of year $61,696$46,622
X-9 Prepaid expenses and deferred chargesStart of year $70,674$18,325
X-10c Land, buildings and equipment, netStart of year $11,526,046$13,087,314
X-11 Publicly traded securitiesStart of year $2,964,575$3,112,575
X-12 Other securitiesStart of year $117,023$144,624
X-16 Total assetsStart of year $18,572,238$19,375,132
X-17 Accounts payable and accrued expensesStart of year $533,805$461,185
X-19 Deferred revenueStart of year $1,607,650$1,797,669
X-25 Other liabilitiesStart of year $117,023$144,623
X-26 Total liabilitiesStart of year $2,258,478$2,403,477
X-27 Net assets without donor restrictionsStart of year $13,477,128$15,209,356
X-28 Net assets with donor restrictionsStart of year $2,836,632$1,762,299
X-32 Total net assets or fund balancesStart of year $16,313,760$16,971,655
X-33 Total liabilities and net assetsStart of year $18,572,238$19,375,132
Part XI · Reconciliation of net assets $16,971,655 net assets at year end
XI-1 Total revenue$11,207,835
XI-2 Total expenses$10,550,629
XI-3 Revenue less expenses$657,206
XI-4 Net assets at start of year$16,313,760
XI-5 Net unrealized gains (losses) on investments$689
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,971,655

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

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