Heart of Gold Charity Inc is a private foundation focused on Education, based in Twin Lakes, WI. IRS filing data is available from 2021 through 2024. In 2024, it awarded 4 grants totaling $4K. Net investment income was $44.
Key facts about Heart of Gold Charity Inc
In short: Heart of Gold Charity Inc gave $4K across 4 grants in 2024 (avg $1K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- EIN
- 20-5680190
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,000
- Grants made (2024)
- 4
- Average grant
- $1,000
- Median grant
- $1,000
- Primary geography
- Illinois (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4K
+0.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Heart of Gold Charity Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
How Heart of Gold Charity Inc gives
- Giving fell 20% from 2021 to 2024. Method
- In 2024 it paid out 274% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $4K (2022) to $5K (2021). In 2024 it made 4 grants totaling $4K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Grace Camp ($1K).
Organizations only. It also paid 3 individual scholarships ($3,000), which are not listed by name.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $3,000 |
| Grace Camp Richmond, IL | Scholarship Recipien | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $39,914 | $43,568 |
| Revenue | $1,044 | $830 | $3,119 |
| Expenses | $5,190 | $4,484 | $8,082 |
| Qualifying Distributions | $5,100 | $4,000 | $4,000 |
| Net Investment Income | $44 | $80 | $21 |
| Distributable Amount | $1,863 | $3,992 | $4,145 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Heart of Gold Charity Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard Petska
Co Director
Co-Director → Co Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Stephanie Petska
Co Director
Co-Director → Co Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (6)
- Former: Andy Youra (2021–2022) — Member
- Former: Jeff Roach (2021–2022) — Member
- Former: Lisa Eisele (2021–2022) — Member
- Former: Lois Petska (2021–2022) — Secretary
- Former: Mariene Stevens (2021–2022) — Member
- Former: Tim Hiller (2021–2022) — Member
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Heart of Gold Charity Inc
How much does Heart of Gold Charity Inc give each year?
Heart of Gold Charity Inc gave $4K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 4 grants.
What is Heart of Gold Charity Inc's typical grant size?
Heart of Gold Charity Inc's median grant in 2024 was $1,000, and its average grant was $1,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Heart of Gold Charity Inc give grants?
Heart of Gold Charity Inc gives mostly in Illinois: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Michigan (25%) and Wisconsin (25%).
Does Heart of Gold Charity Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Heart of Gold Charity Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Recipien" (4 grants).
What is Heart of Gold Charity Inc?
Heart of Gold Charity Inc is a private foundation focused on Education, based in Twin Lakes, WI.
How much is Heart of Gold Charity Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Heart of Gold Charity Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Heart of Gold Charity Inc's EIN?
Heart of Gold Charity Inc's EIN (Employer Identification Number) is 20-5680190. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Heart of Gold Charity Inc by hand.
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