TOTAL REVENUE - FISCAL 2025
$14,722,235
Up 47.0% from $10,015,349 in fiscal 2024.
Heritage Fund - The Community Foundation
Columbus, Indiana - EIN 35-1343903 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Aug 18, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Aug 18, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Heritage Fund - The Community Foundation reported $14,722,235 in revenue and $8,226,853 in expenses in fiscal 2025, a surplus of $6,495,382 for the year. Program services took $7,408,675 of expenses, or 90.0%. The organization closed the year with $111,116,173 in net assets - about 162.1 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$8,226,853
Revenue minus expenses: $6,495,382 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
90.0%
$7,408,675 of $8,226,853 went to program services.
NET ASSETS - END OF FISCAL 2025
$111,116,173
Total assets $128,030,247 minus total liabilities $16,914,074.
TOP EXECUTIVE PAY - FISCAL 2025
$129,850
Tracy Souza, President & CEO - Part Year, as reported on the fiscal-2025 Form 990, filed Aug 18, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
11 Employees
Plus 75 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Aug 18, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.04 - $353,857 in fundraising expenses divided by $8,635,398 in total contributions. On cash contributions only: $0.06.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $8,635,398 |
| Of Which Cash Contributions | $6,246,080 |
| Of Which Donated Goods (Noncash) | $2,389,318 |
| All Other Contributions | $8,635,398 |
| Program Service Revenue | $55,003 |
| Investment Income | $6,031,834 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $14,722,235 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Donated Goods Are a Large Share Here
For this organization, donated goods were $2,389,318 of $8,635,398 in contributions in fiscal 2025 - a large share of reported contributions is goods valued in dollars, not cash. The cash and noncash split is shown above, and any cost-to-raise-a-dollar figure is shown both ways.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
162.1 Months
of reserves - $111,116,173 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $685,571 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $128,030,247 |
| Total Liabilities | $16,914,074 |
| Liabilities as Share of Assets | 13.2% |
| Net Assets | $111,116,173 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Aug 18, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Tracy Souza - President & CEO - Part Year | $129,850 | 1.58% |
| Edith Blakeslee - President & CEO - Part Year | $126,963 | 1.54% |
| Kristin Munn - Employee | $124,571 | 1.51% |
| Stephanie Seaborne - Employee | $106,721 | 1.30% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Aug 18, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
26 voting members, 25 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Tracy Souza | President & CEO - Part Year |
| Edith Blakeslee | President & CEO - Part Year |
| Kristin Munn | Employee |
| Stephanie Seaborne | Employee |
| Aida Ramirez | Director |
| Anuja Mazgaonkar | Director |
| Brad Davis | Director |
| Carl Lienhoop | Director |
| Chad Phillips | Director |
| Courtney Metzger | Director |
| Jeff Brown | Director |
| Jeff Wiltrout | Director |
| Jim Roberts | Director |
| John Whittington | Director |
| Johnnie Edwards | Director |
| Katie Glick | Director |
| Lora Mount | Director |
| Mandy Wyant | Director |
| Mark Stewart | Director |
| Mary Ferdon | Director |
| Nicholas Sprague | Director |
| Reinhold Hill | Director |
| Sarla Kalsi | Director |
| Steve Baker | Director |
| Tom Harmon | Director |
| Tracy Haddad | Director |
| Lori Thompson | Chair |
| Michelle Schaefer | Vice Chair |
| Phil Luzius | Secretary |
| Maggie Kamman | Treasurer |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence26 voting / 25 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $5,524,290 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Landmark Columbus Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $782,001 |
| Community Education Coalition TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $368,427 |
| Foundation For Youth TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $288,488 |
| Office Of Downtown Development TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $223,000 |
| Bartholomew County Historical Society TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $211,781 |
| Our Hospice Of South Central Indiana TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $209,586 |
| Columbus Indiana Philharmonic TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $179,232 |
| Bartholomew Consolidated School Corp TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $165,071 |
| Asbury United Methodist Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $156,326 |
| Bartholomew County Public Library TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $149,610 |
| United Way Of Bartholomew County TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $121,214 |
| Turning Point Domestic Violence Services TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $107,404 |
| Columbus Regional Health Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $83,774 |
| Children Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $77,873 |
| Mill Race Center Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $75,400 |
| Flat Rock-Hawcreek School Corporation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $73,873 |
| Kidscommons TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $70,461 |
| Tgr Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $65,000 |
| Centerstone TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $54,621 |
| Columbus Area Arts Council TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $54,406 |
| Ecumenical Assembly Of Bartholomew County Churcheslove Chapel TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,445 |
| Scott County Community Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $45,337 |
| Healthy Communities TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $45,000 |
| Iu Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $42,209 |
| Columbus Museum Of Art And Design TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $27,203 |
| Bartholomew Reads Council TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $26,823 |
| Indiana Bar Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,474 |
| Family Service Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,318 |
| Franklin College TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
| Reach Columbus Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $23,698 |
| First Presbyterian Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $22,290 |
| Su Casa TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $21,000 |
| Thrive-Alliance TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $18,837 |
| Indiana Youth Group TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $17,631 |
| Jennings County Community Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $17,209 |
| First Presbyterian Preschool TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $17,137 |
| Mill Race Theatre Company TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $17,000 |
| Lincoln-Central Neighborhood Family Center TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $16,519 |
| Bartholomew County Conservation Council Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,600 |
| Chain Breaker Ministries Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
| First United Methodist Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $14,981 |
| St Bartholomew Catholic Parish TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $14,967 |
| Bartholomew County Humane Society TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $13,047 |
| Friends Of Animal Care Services TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $12,030 |
| Sandi'S Closet Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $11,000 |
| St Paul Evangelical Lutheran Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,451 |
| Beloved TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| Recovery Cafe Columbus TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| Arts For Learning TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $9,780 |
| Alzheimers Association - Greater Indiana Chapter TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $9,059 |
| Columbus Youth Hockey TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $9,000 |
| St Paul'S Episcopal Church TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,990 |
| Hope Area Food Bank TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,910 |
| Just Friends TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,910 |
| The Arc Of Bartholomew County TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,850 |
| Bright Start Child Care Ministry Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,089 |
| Columbus Chinese Association TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $7,409 |
| Family Self Sufficiency TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $7,164 |
| Agriinstitute TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,597 |
| Indianapolis Symphony Orchestra TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,431 |
| Actec Foundation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,326 |
| Ivy Tech Foundation Inc TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,213 |
| Columbus Symphony Orchestra TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,075 |
| Willow Crossing Health & Rehabilitation TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $6,000 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $10,015,349 | - |
| Fiscal 2025 | $14,722,235 | +47.0% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Aug 18, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.