Nonprofit · EIN 82-3809856
GREATHEARTS FOUNDATION
Tax-exempt · PHOENIX, AZ 85034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,264,913 | $6,243,026 | $3,021,887 | $5,212,840 | $70,897 | $5,141,943 |
| June 30, 2024 | 990 | $9,522,206 | $9,203,822 | $318,384 | $3,163,899 | $1,043,843 | $2,120,056 |
| June 30, 2023 | 990 | $5,331,829 | $8,426,276 | -$3,094,447 | $2,073,889 | $272,217 | $1,801,672 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,166,123
- Program service revenue
- $0
- Investment income
- $98,790
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,846,885
- Compensation of officers, directors and key employees
- $203,200
- Salaries, compensation and benefits (total)
- $212,318
- Professional fundraising fees
- $0
- Legal fees
- $3,689
- Accounting fees
- $1,800
- Program services (functional)
- $6,179,577
- Management and general (functional)
- $49,995
- Fundraising (functional)
- $13,454
Balance sheet and other
- Total assets, start of year
- $3,163,899
- Total assets, end of year
- $5,212,840
- Total liabilities, end of year
- $70,897
- Net assets, end of year
- $5,141,943
- Net assets without donor restrictions
- $5,141,943
- Gross receipts
- $9,264,913
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAY HEILER | DIRECTOR Trustee or director | 2 | $0 | $433,700 | $23,050 |
| DR DANIEL SCOGGIN | CHIEF ACADEM Trustee or director, Officer | 2 | $0 | $356,648 | $25,882 |
| DR WADE DYKE | FOUNDATION P Trustee or director, Officer | 40 | $190,474 | $0 | $12,727 |
| BOB MULHERN | VICE PRES/SE Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR DANIEL SCOGGIN | CHIEF ACADEM Trustee or director, Officer | 2 | $0 | $360,731 | $26,224 |
| DR WADE DYKE | FOUNDATION P Trustee or director, Officer | 40 | $343,574 | $0 | $25,813 |
| BOB MULHERN | VICE PRES/SE Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR DANIEL SCOGGIN | CHIEF ACADEM Trustee or director, Officer | 20 | $179,050 | $179,050 | $25,128 |
| DR WADE DYKE | FOUNDATION P Trustee or director, Officer | 40 | $96,969 | $0 | $6,623 |
| BOB MULHERN | VICE PRES/SE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4717 E HILTON AVE STE 300, PHOENIX, AZ 85034-6413
- In care of
- % TRACY TAYLOR
- Principal officer (990 for 2024)
- MATTHEW BUSHARD, 4717 E HILTON AVE STE 300, PHOENIX, AZ 85034
- Signed the 990
- MATTHEW BUSHARD, CFO
- Phone
- (602) 438-7045
- Website
- GREATHEARTSFOUNDATION.ORG
- Return prepared by
- FESTER & CHAPMAN PLLC
Mission
THE GREATHEARTS FOUNDATION IS A NONPROFIT ORGANIZATION THAT SEEKS TO INCREASE NATIONAL PHILANTHROPY FOR OUR MISSION AND ACCESS RESOURCES TO ENHANCE THE WORK AND WELL BEING OF OUR STUDENTS, FAMILIES, AND TEACHERS. FOUNDED IN 2017, THE GREATHEARTS FOUNDATION BELIEVES THAT TO RESTORE AMERICAN PUBLIC EDUCATION WE MUST MAKE THE FOSTERING OF PERSONAL CHARACTER AND MORAL IMAGINATION ONCE AGAIN CENTRAL TO OUR EDUCATIONAL TASK. THE GREATHEARTS FOUNDATION ALSO OVERSEES, AND SECURES THE RESOURCES TO SUPPORT, THE GROWTH OF GREAT HEARTS INTO NEW REGIONS.
Program accomplishments
- THE GREATHEARTS FOUNDATION IS A NONPROFIT ORGANIZATION THAT SEEKS TO INCREASE NATIONAL PHILANTHROPY FOR OUR MISSION AND ACCESS RESOURCES TO ENHANCE THE WORK AND WELL BEING OF OUR STUDENTS, FAMILIES, AND TEACHERS. AS PART OF THAT MISSION, THE FOUNDATION HOUSES THE GREATHEARTS INSTITUTE FOR CLASSICAL EDUCATION WHICH CHAMPIONS THE CLASSICAL, LIBERAL ARTS EDUCATION MOVEMENT AS A WHOLE. FOUNDED IN 2017, THE GREATHEARTS FOUNDATION BELIEVES THAT TO RESTORE AMERICAN PUBLIC EDUCATION WE MUST MAKE THE FOSTERING OF PERSONAL CHARACTER AND MORAL IMAGINATION ONCE AGAIN CENTRAL TO OUR EDUCATIONAL TASK. THE GREATHEARTS FOUNDATION ALSO OVERSEES, AND SECURES THE RESOURCES TO SUPPORT, THE GROWTH OF GREAT HEARTS INTO NEW REGIONS.Expenses $6,179,577 · grants $5,846,885
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3809856
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $5,212,840
- Income (IRS master file)
- $9,264,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,264,913 | $6,243,026 | $5,212,840 | IRS |
| 990 | June 2024 | $9,522,206 | $9,203,822 | $3,163,899 | IRS |
| 990 | June 2023 | $5,331,829 | $8,426,276 | $2,073,889 | XML |
| 990 | June 2022 | $9,688,596 | $5,991,098 | $4,925,877 | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3809856).
Questions about GREATHEARTS FOUNDATION
- What is the EIN of GREATHEARTS FOUNDATION?
- The employer identification number (EIN) of GREATHEARTS FOUNDATION is 82-3809856.
- Is GREATHEARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GREATHEARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does GREATHEARTS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATHEARTS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATHEARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GREATHEARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 names MATTHEW BUSHARD.
- Who are the officers and directors of GREATHEARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization.
- How much revenue does GREATHEARTS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,264,913, expenses of $6,243,026 and total assets of $5,212,840 at year end.
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