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Nonprofit · EIN 82-3809856

GREATHEARTS FOUNDATION

Tax-exempt · PHOENIX, AZ 85034

Financials

$5.3M$8.4M2022$9.5M$9.2M2023$9.3M$6.2M2024
Revenue Expenses · by fiscal year end
Financials of GREATHEARTS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,264,913$6,243,026$3,021,887$5,212,840$70,897$5,141,943
June 30, 2024990$9,522,206$9,203,822$318,384$3,163,899$1,043,843$2,120,056
June 30, 2023990$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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JAY HEILERDIRECTOR
Trustee or director
2$0$433,700$23,050
DR DANIEL SCOGGINCHIEF ACADEM
Trustee or director, Officer
2$0$356,648$25,882
DR WADE DYKEFOUNDATION P
Trustee or director, Officer
40$190,474$0$12,727
BOB MULHERNVICE PRES/SE
Trustee or director
2$0$0$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR DANIEL SCOGGINCHIEF ACADEM
Trustee or director, Officer
2$0$360,731$26,224
DR WADE DYKEFOUNDATION P
Trustee or director, Officer
40$343,574$0$25,813
BOB MULHERNVICE PRES/SE
Trustee or director
2$0$0$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR DANIEL SCOGGINCHIEF ACADEM
Trustee or director, Officer
20$179,050$179,050$25,128
DR WADE DYKEFOUNDATION P
Trustee or director, Officer
40$96,969$0$6,623
BOB MULHERNVICE 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
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.

990 for the year ended June 30, 2025

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 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

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,264,913$6,243,026$5,212,840IRS
990June 2024$9,522,206$9,203,822$3,163,899IRS
990June 2023$5,331,829$8,426,276$2,073,889XML
990June 2022$9,688,596$5,991,098$4,925,877IRS
990December 2019–––IRS
990-EZDecember 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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