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Heritage Canada Fdn
Employer Identification Number (EIN)980035120
Name of OrganizationHeritage Canada Fdn
Address
Tax Period2002
Asset Amount$12,186,679
Amount of Income$-1,294,096
Form 990 Revenue Amount$-1,294,096
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2002: $-1,294,096
Heritage Canada Fdn: 

 $-1,294,096
Other organizations performing similar types of work: 

 $120,360

Assets in 2002: $12,186,679
Heritage Canada Fdn: 

 $12,186,679
Other organizations performing similar types of work: 

 $169,282

Expenses in 2002: $1,731,081
Heritage Canada Fdn: 

 $1,731,081
Other organizations performing similar types of work: 

 $104,111

Income to expenses ratio in 2002: -0.7
Heritage Canada Fdn: 

 -0.7
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 67.9%
Heritage Canada Fdn: 

 67.9%
Other organizations performing similar types of work: 

 68.0%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002
Total revenue$1,122,252$-1,294,096
Contributions, gifts, grants, and similar amounts received$216,818$229,822
Contributions to donor advised funds
Direct public support$8,974$4,512
Indirect public support$0$0
Government contributions (grants)$207,844$225,310
Program service revenue including government fees and contracts$344,726$439,009
Membership dues and assessments$47,181$53,348
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$207,259$224,237
Net rental income or (loss)$-2,321$-2,345
Gross rents$11,121$12,455
Less: rental expenses$13,442$14,800
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$308,589$-2,238,167
Gross amount from sales of assets other than inventory$47,151,662$8,457,153
Less: cost or other basis and sales expenses$46,843,073$10,695,320
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$1,540,172$1,731,081
Program services$1,028,566$1,176,196
Management and general$511,606$554,885
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$13,982,362$12,186,679
Excess or (deficit) for the year$-417,920$-3,025,177
Net assets or fund balances at beginning of year$14,629,795$13,982,362
Other changes in net assets or fund balances$-229,513$1,229,494
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,731,085$1,176,200$554,885$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$688,818$466,166$222,652$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,280$0$14,280$0
Legal fees$5,567$0$5,567$0
Supplies$13,342$3,094$10,248$0
Telephone$8,144$193$7,951$0
Postage and shipping$61,643$33,606$28,037$0
Occupancy$71,861$15,732$56,129$0
Equipment rental and maintenance$21,768$5,351$16,417$0
Printing and publications$111,152$107,495$3,657$0
Travel$148,314$93,346$54,968$0
Conferences, conventions, and meetings$0$0$0$0
Interest$12,500$38$12,462$0
Depreciation, depletion, etc.$8,643$0$8,643$0
Other expenses not covered above$565,053$451,179$113,874$0
Balance Sheets
20012002
Total assets$14,131,204$12,365,389
Cash - non-interest-bearing$160,709$198,407
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$143,985$228,092
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$15,103$34,056
Investments - publicly-traded securities
Investments - other securities$12,983,916$11,001,652
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$827,491$903,182
Other assets, including program-related investments$0$0
Total liabilities$148,842$178,710
Accounts payable and accrued expenses$115,968$142,580
Grants payable$0$0
Deferred revenue$10,716$18,489
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$22,158$17,641
Total liabilities and net assets/fund balances$14,131,204$12,365,389
Total net assets or fund balances$13,982,362$12,186,679
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002
Total revenue$0$0
Total revenue, gains, and other support per audited financial statements$0$0
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002
Total expenses$0$0
Total expenses and losses per audited financial statements$0$0
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-2,016,275$492,816
Program service revenue
Program service revenue 1000000$000$0$403,383
Program service revenue 2000000$000$0$36,085
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$53,348
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$224,237$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-2,345$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-2,238,167$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
20002001
Total$644,179$815,989
Gifts, grants, and contributions received$6,684$8,979
Membership fees received$43,327$47,181
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$12,135$207,259
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$582,033$552,570
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Heritage Canada Fdninternational$-1,294,096
2The Workmens Circle Arbeter Ring Incorporated247 W 37th St Frnt 5, New York, NY 10018-5129NY1965-06$54,135,638
3Turkish Cultural Foundation1510 H St Nw Ste 900, Washington, DC 20005-1014DC2000-06$11,121,296
4Sealaska Heritage Institute1 Sealaska Plz Ste 301, Juneau, AK 99801-1245AK1982-02$7,870,397
5Telugu Association Of North America Incorporated, Tana Foundation6200 Savoy Dr Ste 530, Houston, TX 77036-3325TX1980-03$3,734,274
6Russian American Foundation Inc70 West 36th Street, New York, NY 10018-8007NY1997-06$3,187,340
7Tekeyan Cultural Association Inc755 Mount Auburn St, Watertown, MA 02472-1509MA1970-02$2,838,672
8Tibet House Inc22 West 15th St, New York, NY 10011-6842NY1988-03$2,741,346
9Silk Road Project Inc175 N Harvard St, Allston, MA 02134-1003MA1999-04$2,168,943
10San Diego Center For Jews Culture4126 Executive Dr, La Jolla, CA 92037-1348CA1999-11$2,034,241
11Swiss Institute18 Wooster St, New York, NY 10013-2227NY1989-03$1,566,078
12Southwestern Association For Indian Arts IncPO BOX 969, Santa Fe, NM 87504-0969NM1971-06$1,394,409
13Tohono Oodham Community ActionPO BOX 1790, Sells, AZ 85634-1790AZ1998-03$1,296,076
14Russian Center Of San Francisco32450 Sutter St, San Francisco, CA 94115CA1994-06$927,897
15West Indian American Day Carnival AssnPO BOX 130192, Brooklyn, NY 11213-0192NY1972-11$911,575
16Standing Bear Native American FndnPO BOX 247, Ponca City, OK 74602-0247OK1994-09$759,594
17St Patricks Day Parade IncPO BOX 295, Bronx, NY 10470-0271NY2001-11$739,668
18Taller Puertorriqueno Inc2721 N 5th St, Philadelphia, PA 19133-2702PA1978-06$737,262
19Shoong Family Chinese Cultural Center316 9th St, Oakland, CA 94607-4212CA1950-01$703,599
20Taiwanese United Fund Jen-Shung Lin Pres3001 Walnut Grove Ave Ste 7, Rosemead, CA 91770-2785CA1988-12$639,883
Number of organizations performing similar types of work
Alaska11
Alabama4
Arkansas1
Arizona16
California190
Colorado12
Connecticut27
District of Columbia9
Delaware7
Florida36
Georgia25
Hawaii34
Iowa6
Idaho2
Illinois47
Indiana12
Kansas7
Kentucky6
Louisiana9
Massachusetts53
Maryland33
Michigan20
Minnesota28
Missouri22
Mississippi1
Montana3
North Carolina18
North Dakota4
Nebraska1
New Hampshire3
New Jersey37
New Mexico11
Nevada5
New York121
Ohio46
Oklahoma8
Oregon15
Pennsylvania32
Rhode Island5
South Carolina2
Tennessee10
Texas73
Utah4
Virginia22
Vermont1
Washington20
Wisconsin24
West Virginia1
International1
Total1,085

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