Heritage Academy INC

Tax-deductible

Mesa, AZ501(c)(3)Since 1994EducationEIN 86-0757062Revenue $12.3M in FY2025

On file with the IRSheritageacademyaz.com32 S Center St, 85210-1306 · Mesa, AZTax-exempt since Aug 2016School — 170(b)(1)(A)(ii)

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Provide students with a clean, moral, positive atmosphere. Encourage students to master the primary and secondary skills in the fields of history, math, writing, literature, grammar, reading, and science.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$780K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 6
filings with a surplus
Average surplus $445K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$780K
to officers and key staff · 6% of spending
Top officer’s pay lower than 55% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.0M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.3M
-0.6% vs prior year
Spent
$13.5M
To programs
83%
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$12.3M
FY2025▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.2M
FY2021$13.5M
FY2022$15.0M
FY2023$18.1M
FY2024$12.4M
FY2025$12.3M
Expenses
$13.5M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.6M
FY2021$12.8M
FY2022$13.7M
FY2023$15.9M
FY2024$12.3M
FY2025$13.5M
Net assets
$4.2M
FY2025▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.7M
FY2022$5.1M
FY2023$7.2M
FY2024$5.4M
FY2025$4.2M

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 Aug 2016.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $11.3M Management & general 17% · $2.2M

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

7 people listed on the 990; $780K 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
$223,398Pt VII · Sec A
Chairman/CEO
$198,980Pt VII · Sec A
Principal
$136,932Pt VII · Sec A
Director
$124,989Pt VII · Sec A
$95,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Vogelsberg’s $223K as CFO is at the 45th 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Vogelsberg$223,398$214,791————
Erik Vogelsberg——$202,879$202,646$107,437—
Jared Taylor$198,980$188,831$171,423$164,335$153,640$102,552
Heidi Udall$136,932$131,592$122,786$114,883$103,505—
Eve Seaman$124,989$119,005$110,457$100,268$93,337$89,424
Marie Renard—$109,540$115,218$102,443$95,829$89,818
Travis Moore—————$109,363
Lavona Babbitt$95,500—————

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

Fosters a positive learning environment, helping students master core academic skills.

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1 program · $11.3M · in their own filed words · FY2024
01

Heritage academy, inc. Operates as a charter school for grades 7-12 in the greater phoenix area. The school had approximately 768 students enrolled during the 2024-2025 school year.

$11.3Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12.3M
Ln 12
Fees for servicesLn 2g$12.2M
Investment incomeLn 3$39K
Other incomeLn 4–11$29K
Money outPt IX
$13.5M
Ln 25
Programscol B$11.3M
Managementcol C$2.2M
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$22.2M
LiabilitiesLn 26$18.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12.2M
Investment incomeLn 3$39K
Other incomeLn 4–11$29K
Total revenueLn 12$12.3M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$250K
Land, buildings, equipmentLn 10c$5.4M
Other assetsLn 15$13.7M
Total assetsLn 16$22.2M
LiabilitiesLn 26$18.0M
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 5172
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$2.6M$1.1M
InvestmentsLn 11–13$250K
Land, buildings, equipmentLn 10c$16.1M$5.4M
Total assetsLn 16$21.2M$22.2M
LiabilitiesLn 26$15.8M$18.0M
Net assetsLn 32$5.4M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$780K$780K
Other salaries and wagesLn 7$6.6M$5.9M$698K
Pension plan contributionsLn 8$845K$756K$89K
Other employee benefitsLn 9$201K$180K$21K
Payroll taxesLn 10$531K$475K$56K
Legal feesLn 11b$47K$33K$14K
Other fees for servicesLn 11g$1.1M$780K$341K
Advertising and promotionLn 12$67K$46K$20K
OccupancyLn 16$225K$68K$157K
TravelLn 17$108K$75K$33K
InterestLn 20$92K$92K
Depreciation, depletion and amortizationLn 22$383K$338K$45K
InsuranceLn 23$94K$65K$29K
Other expenses (24a–d)Ln 24$2.2M$1.7M$578K
All other expensesLn 24e$149K$93K$57K
Total functional expensesLn 25$13.5M$11.3M$2.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.3M$13.5M−$1.2M$4.2M 990 PDF
FY2024 $12.4M$12.3M$106K$5.4M 990 PDF
FY2023 $18.1M$15.9M$2.2M$7.2M 990 PDF
FY2022 $15.0M$13.7M$1.4M$5.1M 990 PDF
FY2021 $13.5M$12.8M$649K$3.7M 990 PDF
FY2020 $10.2M$10.6M−$385K$3.0M 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 FY2025 990 (6 parts)
Part I · Summary $12,283,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,880,136$0
I-9 Program service revenuePrior year $3,299,750$12,215,459
I-10 Investment incomePrior year $22,198$39,395
I-11 Other revenuePrior year $160,911$28,784
I-12 Total revenuePrior year $12,362,995$12,283,638
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 $8,133,113$8,974,556
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,123,726$4,521,398
I-18 Total expensesPrior year $12,256,839$13,495,954
I-19 Revenue less expensesPrior year $106,156−$1,212,316
Part VI · Governance 0 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,283,638 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,215,459$12,215,459
VIII-3 Investment incomeExcluded from tax $39,395$39,395
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $28,784$28,784
VIII-12 Total revenueRelated to mission $12,215,459 · Unrelated business $0 · Excluded from tax $68,179$12,283,638
Part IX · Statement of functional expenses $13,495,954 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $779,799$779,799
IX-7 Other salaries and wagesPrograms $5,919,761 · Management $697,606$6,617,367
IX-8 Pension plan contributionsPrograms $756,269 · Management $89,122$845,391
IX-9 Other employee benefitsPrograms $179,875 · Management $21,197$201,072
IX-10 Payroll taxesPrograms $474,957 · Management $55,970$530,927
IX-11b Legal feesPrograms $32,671 · Management $14,279$46,950
IX-11g Other fees for servicesPrograms $779,945 · Management $340,896$1,120,841
IX-12 Advertising and promotionPrograms $46,451 · Management $20,302$66,753
IX-16 OccupancyPrograms $68,315 · Management $156,998$225,313
IX-17 TravelPrograms $75,080 · Management $32,815$107,895
IX-20 InterestManagement $91,761$91,761
IX-22 Depreciation, depletion and amortizationPrograms $337,945 · Management $44,669$382,614
IX-23 InsurancePrograms $65,457 · Management $28,609$94,066
IX-24 Other expenses (24a–d)Programs $1,658,132 · Management $577,677$2,235,809
IX-24e All other expensesPrograms $92,607 · Management $56,789$149,396
IX-25 Total functional expensesPrograms $11,267,264 · Management $2,228,690 · Fundraising $0$13,495,954
Part X · Balance sheet $22,236,754 assets, 11 lines filed
Asset lines not itemized here account for $1,782,202; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,583,895$1,130,825
X-10c Land, buildings and equipment, netStart of year $16,086,595$5,422,531
X-12 Other securities$250,000
X-15 Other assetsStart of year $1,436,242$13,651,196
X-16 Total assetsStart of year $21,197,264$22,236,754
X-17 Accounts payable and accrued expensesStart of year $432,297$532,160
X-25 Other liabilitiesStart of year $15,355,672$17,507,615
X-26 Total liabilitiesStart of year $15,787,969$18,039,775
X-27 Net assets without donor restrictionsStart of year $5,409,295$4,196,979
X-32 Total net assets or fund balancesStart of year $5,409,295$4,196,979
X-33 Total liabilities and net assetsStart of year $21,197,264$22,236,754
Part XI · Reconciliation of net assets $4,196,979 net assets at year end
XI-1 Total revenue$12,283,638
XI-2 Total expenses$13,495,954
XI-3 Revenue less expenses−$1,212,316
XI-4 Net assets at start of year$5,409,295
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,196,979

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

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