2025-07-11T13:10:41-05:00 2025-02-28 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2024-03-01 311203417 HIGHLIGHTS FOUNDATION INC HIGH 5702514510 814 COURT STREET HONESDALE PA 18431 GEORGE BROWN EXECUTIVE DIRECTOR 5702514510 2025-07-11 1 1 RAPHAEL J CARLETTI CPA P01747794 6096899700 2025-07-11 2024 2025-03-06 01:10:19Z GEORGE BROWN 814 COURT STREET HONESDALE PA 18431 2573671 0 X WWW.HIGHLIGHTSFOUNDATION.ORG X 1987 OH THE HIGHLIGHTS FOUNDATION POSITIVELY IMPACTS CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS TO POSITIVELY IMPACT CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS. 6 6 0 7 6057 0 373619 519011 1596198 1823934 132445 162489 33843 47490 2136105 2552924 64637 139030 0 0 1300068 1348913 0 0 137761 925641 1037362 2290346 2525305 -154241 27619 6729914 6991152 571520 591676 6158394 6399476 X POSITIVELY IMPACT CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS WHO INFORM, EDUCATE, AND INSPIRE CHILDREN TO BECOME THEIR BEST SELVES. THE FOUNDATION HOSTS WORKSHOPS AND RETREATS, BOTH AT ITS RETREAT CENTER IN NORTHEAST PA, AND ONLINE, THAT ENCOURAGE AND NURTURE STORYTELLERS AND ILLUSTRATORS WHO CREATE BOOKS FOR CHILDREN. PROVIDES SCHOLARSHIPS TO EASE THE FINANCIAL COSTS. 0 0 2183489 139030 1862952 THE HIGHLIGHTS FOUNDATION POSITIVELY IMPACTS CHILDREN BY AMPLIFYING THE VOICES OF STORYTELLERS WHO INFORM, EDUCATE, AND INSPIRE CHILDREN TO BECOME THEIR BEST SELVES. WE DO NOT TAKE LIGHTLY WHAT IT MEANS TO CREATE ENGAGING, AUTHENTIC STORIES FOR CHILDREN AND YOUTH. WE BELIEVE THAT YOU, AS STORYTELLERS, HAVE PROFOUND IMPACTS ON THE LIVES OF CHILDREN. THIS MATTERS A GREAT DEAL TO US AS AN ORGANIZATION, AND MOST IMPORTANTLY TO OUR WORLD.FOR MORE THAN 35 YEARS, THE HIGHLIGHTS FOUNDATION HAS EMBRACED THE CORE VALUES THAT SERVE OUR MISSION: EXCELLENCE, CREATIVITY, DIVERSITY, AND INTEGRITY.YEAR AFTER YEAR, ONLINE AND IN-PERSON, OUR PROGRAMS, STAFF, FACULTY, AND SCHOLARSHIPS HELP US BRING THIS MISSION TO YOU. WE OFFER A RANGE OF TOPICS AND TYPES OF COURSES, FROM NO-COST WEBINARS TO WEEK-LONG RESIDENCIES TO ONLINE INTENSIVES. THESE OFFERINGS PROVIDE EDUCATION, SUPPORT, AND ENCOURAGEMENT FOR BOTH BEGINNING AND PUBLISHED AUTHORS AND ILLUSTRATORS, AND ARE LED BY CHILDREN'S PUBLISHING PROFESSIONALS: EDITORS, AUTHORS, ILLUSTRATORS, ART DIRECTORS, PUBLISHERS, AGENTS, ACADEMICS, AND OTHERS WHO ARE THERE TO HELP OUR COMMUNITY REALIZE THEIR CREATIVE GOALS. 2183489 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 129 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 PA X GEORGE BROWN 5702531192 814 COURT STREET HONESDALE PA 18431 X X WILLA PERLMAN RESIGNED 092024 CHAIRPERSON 1.00 X X 0 0 0 EMILY HAWKINS 092024 - PRESENT CHAIRPERSON 1.00 X X 0 0 0 CHRISTINE CULLY VICE PRESIDENT 1.00 X X 0 0 0 DWIGHT SMITH TREASURER 1.00 X X 0 0 0 DIANA FALVO SECRETARY 1.00 X X 0 0 0 MINAL BOPAIAH DIRECTOR 1.00 X 0 0 0 SHIMUL TOLIA DIRECTOR 1.00 X 0 0 0 GEORGE BROWN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 519011 519011 WORKSHOPS & RETREATS 611600 1817877 1817877 EVENT HOSTING 721000 6057 6057 1823934 162489 162489 6750 4335 2415 2415 2415 27345 16412 10933 10933 OTHER INCOME 900099 34142 34142 34142 2552924 1862952 6057 164904 139030 139030 121263 94585 13339 13339 1043503 919787 61858 61858 184147 162315 10916 10916 41738 41738 19824 19824 131555 131555 58390 28602 29788 110644 84672 12986 12986 210308 207767 1994 547 101639 81311 20328 108010 95265 12745 FOOD SERVICES 184309 184309 BANK & CREDIT CARD 56702 43392 6655 6655 HOUSEKEEPING 14243 10899 1672 1672 2525305 2183489 204055 137761 172761 248431 75000 25000 21 64711 19973 31136 2566758 765167 1469875 1801591 4036791 3970457 955493 849826 6729914 6991152 29556 13573 303572 342098 20721 14345 217671 221660 571520 591676 X 5790256 6094833 368138 304643 6158394 6399476 6729914 6991152 27619 213463 0 X X 1 X 0 0 0 X 368427 451913 680526 373619 519011 2393496 497594 900988 1300536 1580864 1858743 6138725 866021 1352901 1981062 1954483 2377754 8532221 0 124000 60000 300000 148990 632990 124000 60000 300000 148990 632990 7899231 116259 178543 94229 132445 162489 683965 116259 178543 94229 132445 162489 683965 49581 6057 55638 12286 368 5014 4209 21877 994566 1531812 2080305 2136509 2550509 9293701 0.85000 0.83530 0.07360 0.07650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2722846 180100 2902946 2447780 275066 2722846 2594068 -146288 2447780 2434123 159945 2594068 2029625 404498 2434123 1.00000 0.00000 0.00000 0 0 22500 22500 2002810 544442 1458368 385738 124925 260813 155710 95800 59910 1801591 CLOSLEY HELD STOCK 849826 F 849826 DUE TO HIGHLIGHTS CORPORATION 221660 221660 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. SCHEDULE D, PAGE 2, PART V, LINE 4 BOARD DESIGNATED FUNDS ARE USED TO AWARD SCHOLARSHIPS TO ASSIST ATTENDEES IN AFFORDING WRITING WORKSHOPS 1 TUITION REDUCTION SCHOLARSHIPS 134 139030 PART I, LINE 2: FUNDS ARE GRANTED TO THOSE IN NEED OF FINANCIAL ASSISTANCE FOR ATTENDANCE AT WORKSHOPS AND RETREATS. THERE IS NO MONITORING NECESSARY AS THE FUNDS ARE APPLIED AGAINST THE COST OF ATTENDANCE FOR THOSE GRANTED THE ASSISTANCE. FORM 990, PART VI, SECTION B, LINE 11B DRAFT COPY OF 990 FORWARDED TO BOARD OF DIRECTORS FOR APPROVAL AND COMMENTS BEFORE FILING BY CERTIFIED PUBLIC ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C FOUNDATION REQUIRES ALL OFFICERS, TRUSTEES TO REVIEW POLICY ANNUALLY AND UPDATE FOUNDATION AS TO ANY CHANGES IN CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A BOARD MEMBERS RESEARCH COMPARABLE SALARIES FOR NON PROFIT PERSONNEL. THE BOARD SETS GOALS FOR EXECUTIVE DIRECTOR AND ANNUALLY MEASURES PERFORMANCE AGAINST GOALS. BOARD MEMBERS CAN PROPOSE INCREASES IN SALARIES WHICH ARE VOTED UPON. FORM 990, PART VI, SECTION C, LINE 19 ANY INTERESTED PARTY MAY OBTAIN ACCESS TO PERTINENT FORMS BY MAKING WRITTEN REQUEST TO HIGHLIGHTS FOUNDATION FORM 990, PART V, LINE 2A; PART VII, SECTION A: ALL EMPLOYEES ARE PAID BY HIGHLIGHTS CORPORATION, INC. UNDER A COMMON PAYMASTER ARRANGEMENT, AND ARE SHARED WITH THE FILING ORGANIZATION. PART XII, LINE 2C THE BOARD ASSUMES RESPONSIBILITY FOR OVERSEEING THE FINANCIAL SATEMENT REVIEW. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.