Heritage Park Preschool
Heritage Park Preschool consistently directs all funds to programs with no officer compensation and strong asset growth.
EIN: 141843125 · Steamboat Spr, CO · NTEE: B21 · Updated: 2026-03-28
Is Heritage Park Preschool Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Park Preschool directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Park Preschool
Heritage Park Preschool (EIN: 141843125) is a nonprofit organization based in Steamboat Spr, CO, classified under NTEE code B21. The organization reported total revenue of $660K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Park Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Park Preschool is a small nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $670K |
| Total Expenses | $665K |
| Surplus / Deficit | +$5K |
| Total Assets | $230K |
| Net Assets | $230K |
| Operating Margin | 0.7% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Heritage Park Preschool reported a surplus of $5K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate).
Financial Trends
Over 11 years of filings (2011–2023), Heritage Park Preschool's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | +4.9% | +1.9% |
| 2022 | -16.1% | +23.9% | -17.9% |
| 2021 | +68.3% | +36.2% | +124.3% |
| 2020 | +5.2% | -3.7% | +319.0% |
| 2018 | +20.3% | +21.1% | +42.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Park Preschool with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Heritage Park Preschool allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Heritage Park Preschool consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with revenues reaching over $660,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Heritage Park Preschool:
- Consistent 0% officer compensation across all filings, indicating high dedication to mission spending.
- Strong revenue growth from $299,792 in 2013 to $669,503 in 2023.
- Excellent financial health with growing assets ($229,878 in 2023) and minimal to zero liabilities.
- High spending efficiency, with expenses closely matching revenue, suggesting funds are directly applied to programs.
- Clear mission focus as a preschool (NTEE B21) with financial data supporting direct program delivery.
Frequently Asked Questions about Heritage Park Preschool
Is Heritage Park Preschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Park Preschool (EIN: 141843125) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Heritage Park Preschool spend its money?
Heritage Park Preschool directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Park Preschool tax-deductible?
Heritage Park Preschool is registered as a tax-exempt nonprofit (EIN: 141843125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heritage Park Preschool a good charity?
Yes, Heritage Park Preschool appears to be a very good charity. It demonstrates strong financial health, efficient spending with 0% officer compensation, and consistent growth in assets and revenue, all directed towards its educational mission.
How does Heritage Park Preschool manage its finances?
The organization manages its finances prudently, consistently spending nearly all its revenue on expenses (e.g., $664,938 expenses vs. $669,503 revenue in 2023) and maintaining very low to zero liabilities, indicating responsible fiscal stewardship.
What is the trend in Heritage Park Preschool's revenue and assets?
Heritage Park Preschool has shown a strong upward trend in both revenue and assets over the past decade. Revenue grew from $299,792 in 2013 to $669,503 in 2023, and assets increased from $36,380 in 2013 to $229,878 in 2023.
Filing History
IRS 990 filing history for Heritage Park Preschool showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Heritage Park Preschool's revenue has grown by 132.7%, moving from $288K to $670K. Total assets increased by 541.5% over the same period, from $36K to $230K. Total functional expenses rose by 146.6%, from $270K to $665K. In its most recent filing year (2023), Heritage Park Preschool reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $670K | $665K | $230K | $0 | — | — |
| 2022 | $591K | $634K | $226K | $215 | — | View 990 |
| 2021 | $704K | $512K | $275K | $7K | — | View 990 |
| 2020 | $419K | $375K | $122K | $48K | — | View 990 |
| 2018 | $398K | $390K | $29K | $3K | — | View 990 |
| 2017 | $331K | $322K | $20K | $2K | — | View 990 |
| 2016 | $342K | $367K | $17K | $8K | — | View 990 |
| 2014 | $376K | $349K | $63K | $3K | — | View 990 |
| 2013 | $300K | $323K | $36K | $3K | — | View 990 |
| 2012 | $337K | $313K | $59K | $3K | — | View 990 |
| 2011 | $288K | $270K | $36K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $670K, expenses of $665K, and assets of $230K (revenue +13.3% year-over-year).
- 2022: Revenue of $591K, expenses of $634K, and assets of $226K (revenue -16.1% year-over-year).
- 2021: Revenue of $704K, expenses of $512K, and assets of $275K (revenue +68.3% year-over-year).
- 2020: Revenue of $419K, expenses of $375K, and assets of $122K (revenue +5.2% year-over-year).
- 2018: Revenue of $398K, expenses of $390K, and assets of $29K (revenue +20.3% year-over-year).
- 2017: Revenue of $331K, expenses of $322K, and assets of $20K (revenue -3.1% year-over-year).
- 2016: Revenue of $342K, expenses of $367K, and assets of $17K (revenue -9.2% year-over-year).
- 2014: Revenue of $376K, expenses of $349K, and assets of $63K (revenue +25.5% year-over-year).
- 2013: Revenue of $300K, expenses of $323K, and assets of $36K (revenue -11.1% year-over-year).
- 2012: Revenue of $337K, expenses of $313K, and assets of $59K (revenue +17.2% year-over-year).
- 2011: Revenue of $288K, expenses of $270K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Park Preschool:
Data Sources and Methodology
This transparency report for Heritage Park Preschool is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.