Hearts Reign FY2021 filing

Gypsum, COUnknown exempt organizationEIN 85-2780920Revenue $235K in FY2021

On file with the IRSfacebook.com/loscorazonesreinanPo Box 2018 · Gypsum, CO

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Hearts Reign is formed by community members who have personally been impacted by the stigma of both mental health challenges and minority status, including immigration

97¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $8K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 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
$50K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
Spent
$138K
To programs
97%
Net assets
$103K
By yearFY2021–FY2024
Revenue
$235K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$235K
FY2022$30K
FY2023Not on file
FY2024Not on file
Expenses
$138K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$138K
FY2022$111K
FY2023Not on file
FY2024Not on file
Net assets
$103K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$103K
FY2022$23K
FY2023−$3K
FY2024$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $134K Management & general 3% · $5K

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

4 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$50,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Hearts Reign 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Support individuals facing mental health stigma and minority status challenges.

Questions for Hearts Reign

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Provided by the organization

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1 program · $134K · in their own filed words · FY2021
01

Provide mental health services to the community as needed

$134Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $103K · 2022–2022
My Future Pathways INCCO · FY2022$102,900

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$235K
Money outPt IX
$138K
Ln 25
Programscol B$134K
Managementcol C$5K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235K
Government grantsLn 1e$16K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$103K
Total assetsLn 16$0$103K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$4K$4K
Pay of current officers, directors and key staffLn 5$50K$50K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$4K
Management feesLn 11a$46K$46K
Legal feesLn 11b$131$131
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$7K$6K$1K
Office expensesLn 13$5K$4K$964
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K$5K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K$2K$593
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$6K$4K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$138K$134K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0 990 PDF
FY2023 −$3K 990 PDF
FY2022 $30K$111K−$80K$23K 990 PDF
FY2021 Viewing $235K$138K$96K$103K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $234,765 revenue, 12 lines filed
I-8 Contributions and grants$234,765
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$234,765
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$4,500
I-15 Salaries and benefits$54,056
I-16a Professional fundraising fees$0
I-17 Other expenses$79,885
I-18 Total expenses$138,441
I-19 Revenue less expenses$96,324
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $234,765 across 4 lines filed
VIII-1e Government grants$15,998
VIII-1f All other contributions, gifts and grants$218,767
VIII-1h Total contributions, gifts and grants$234,765
VIII-12 Total revenue$234,765
Part IX · Statement of functional expenses $138,441 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $4,500$4,500
IX-5 Pay of current officers, directors and key staffPrograms $50,000$50,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,056$4,056
IX-11a Management feesPrograms $45,893$45,893
IX-11b Legal feesPrograms $131$131
IX-11c Accounting feesPrograms $4,900$4,900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $6,000 · Management $1,488$7,488
IX-13 Office expensesPrograms $3,858 · Management $964$4,822
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,988$4,988
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,444 · Management $593$3,037
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,793$2,793
IX-24 Other expenses (24a–d)Programs $4,119 · Management $1,714$5,833
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $133,682 · Management $4,759 · Fundraising $0$138,441
Part X · Balance sheet $103,001 assets, 6 lines filed
X-1 Cash, non-interest-bearing$102,946
X-9 Prepaid expenses and deferred charges$55
X-16 Total assetsStart of year $0$103,001
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$103,001
X-33 Total liabilities and net assetsStart of year $0$103,001
Part XI · Reconciliation of net assets $103,001 net assets at year end
XI-1 Total revenue$234,765
XI-2 Total expenses$138,441
XI-3 Revenue less expenses$96,324
XI-8 Prior period adjustments$6,677
XI-10 Net assets at end of year$103,001

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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