Heaven South Inc. / The Store
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,543,444.00
Projected Expenses
$1,536,683.00
Organizational Budgets and Other Documents
| Projected 2024 Budget | 2024 |
| Projected 2023 Budget | 2023 |
| Projected 2022 Budget | 2022 |
| projected budget | 2021 |
| Budget 2019 | 2019 |
IRS Letter of Exemption
| Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,217,712.00 | $1,489,022.00 | $1,545,548.00 |
| Total Expenses | $1,200,782.00 | $996,019.00 | $769,931.00 |
| Revenue Less Expenses | $16,930.00 | $493,003.00 | $775,617.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $668,420.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $823,295.00 | $572,984.00 | $1,332,838.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $127,197.00 | $63,156.00 | $163,780.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $83,631.00 | $0.00 | $0.00 |
| Revenue In-Kind | $213,629.00 | $184,462.00 | $48,930.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,028,641.00 | $881,686.00 | $492,427.00 |
| Administration Expense | $115,279.00 | $65,326.00 | $251,092.00 |
| Fundraising Expense | $56,862.00 | $49,007.00 | $26,412.00 |
| Total Revenue/Total Expenses | 101% | 149% | 201% |
| Program Expense/Total Expenses | 86% | 89% | 64% |
| Fundraising Expense/Contributed Revenue | 5% | 5% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $823,295.00 | Foundation and Corporations $668,420.00 | Contributions, Gifts, Grants $1,332,838.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $213,629.00 | Contributions, Gifts, and Grants $572,984.00 | Interest Income $163,780.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $127,197.00 | Noncash Contributions $184,462.00 | Noncash Contribtutions $48,930.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,648,473.00 | $5,290,720.00 | $5,265,766.00 |
| Current Assets | $500,172.00 | $655,635.00 | $458,216.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $37,907.00 | $22,613.00 | $7,230.00 |
| Total Net Assets | $5,610,566.00 | $5,268,107.00 | $5,261,536.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,527,852.72
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
Anticipated In 3 Years
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 990 | 2023 |
| 990 | 2022 |
| Tax Return Heaven South Inc | 2021 |
| Heaven South 2020 Form 990 | 2020 |
| form 990 | 2019 |
| Heaven South 990-N | 2018 |
| Heaven South 990-N | 2017 |
| Heaven South 990-N | 2016 |
Audit Documents
| Audit | 2023 |
| Audit | 2022 |
| Audit Part I | 2021 |
| Audit Part II | 2021 |
| audit | 2020 |
Foundation Staff Comments
| Financial figures taken from the Form 990.. Schedule B removed to protect donor privacy. Form 990 was prepared by Kraft CPAS, PLLC. Comments provided by Hayley Sulfridge 7/17/24. |
