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U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 Form 10-Q
 (Mark One)
 þ
    
    Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934
 for the
quarterly period ended November 30, 2008.
 o
    
    Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934
 for the
transition period from  to.
 Commission
File No: 000-21951
 THE HERITAGE ORGANIZATION, INC.
  Colorado
    
    84-1356383(State or other jurisdiction 
of incorporation or organization)
    
    (IRS Employer Identification
No.)
 ATTN: Vickie Walker, P.O. Box 910 Addison, Texas 75001
 (Address of Principal Executive Offices)
  þ o
 þ o
  o o
  Large accelerated filer
o
    
    Accelerated filer
o
    
    Non-accelerated filer   o
(Do not check if a smaller reporting company)
    
    Smaller reporting company þ
   o þ




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PART 1  FINANCIAL INFORMATION
 ITEM 1. FINANCIAL STATEMENTS AND EXHIBITS




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##### 



The Heritage Organization, Inc.
(A Development Stage Company)
 FINANCIAL STATEMENTS
(Unaudited)
 November 30, 2008
 CONTENTS
 Balance Sheets
    
    F-1Statements of Operations
    
    F-2Statements of Cash Flows
    
    F-3Notes to Financial Statements
    
    F-4EX-31.1EX-32.1




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 BALANCE SHEETS
 November 30, 2008
    
    
    May 31, 2008(Unaudited)ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    1,744
    
    
    $
    176Total Current Assets
    
    
    1,744
    
    
    
    176Total Assets
    
    $
    1,744
    
    
    $
    176LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
    
    $
    0
    
    
    $
    1,859Notes payable  related party
    
    
    141,500
    
    
    
    116,500Accrued interest  related party
    
    
    3,662
    
    
    
    7,032Total Current Liabilities
    
    
    145,162
    
    
    
    125,391Total Liabilities
    
    
    145,162
    
    
    
    125,391COMMITMENTS AND CONTINGENCIES
    
    
    
    
    
    
    STOCKHOLDERS EQUITY (DEFICIT)Preferred stock, $0.00001 par value; 10,000,000 shares
authorized; no shares issued and outstanding
    
    
    
    
    
    
    Common stock, $0.00001 par value; 99,000,000 shares
authorized; 14,000,000 shares issued and
outstanding
    
    
    140
    
    
    
    140Class B common stock, $0.00001 par value; 1,000,000
shares authorized; no shares issued and outstanding
    
    
    
    
    
    
    Additional paid-in capital
    
    
    94,319
    
    
    
    94,019(Deficit) accumulated during the development stage
    
    
    (237,877
    )
    
    
    (219,374
    )Total Stockholders Equity (Deficit)
    
    
    (143,418
    )
    
    
    (125,215
    )Total Liabilities and Stockholders Equity (Deficit)
    
    $
    1,744
    
    
    $
    176
 See accompanying notes to the financial statements
 F-1




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 STATEMENTS OF OPERATIONS
 (Unaudited)
 For the Periodfrom Inception
    
    
    For the three
    
    
    For the three
    
    
    For the six
    
    
    For the six(8/28/96) to
    
    
    months ended
    
    
    months ended
    
    
    months ended
    
    
    months endedNovember 30,
    
    
    November 30,
    
    
    November 30,
    
    
    November 30,
    
    
    November 30,2008
    
    
    2008
    
    
    2007
    
    
    2007
    
    
    2007REVENUES
    
    $
    5
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    EXPENSES:Amortization
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Bank charges
    
    
    969
    
    
    
    83
    
    
    
    67
    
    
    
    128
    
    
    
    100Consulting fees
    
    
    62,800
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Directors fees
    
    
    200
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Filing fee
    
    
    13,936
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Legal &
professional
    
    
    113,972
    
    
    
    4,237
    
    
    
    3,275
    
    
    
    12,823
    
    
    
    12,326Office expense
    
    
    2,580
    
    
    
    46
    
    
    
    
    
    
    
    46
    
    
    
    Licenses &
Permits
    
    
    60
    
    
    
    10
    
    
    
    50
    
    
    
    10
    
    
    
    50Rent expense
    
    
    7,350
    
    
    
    150
    
    
    
    150
    
    
    
    300
    
    
    
    300Total
Expenses
    
    
    202,167
    
    
    
    4,526
    
    
    
    3,542
    
    
    
    13,307
    
    
    
    12,776(LOSS) FROM
CONTINUING
OPERATIONS
    
    
    (202,162
    )
    
    
    (4,526
    )
    
    
    (3,542
    )
    
    
    (13,307
    )
    
    
    (12,776
    )OTHER (EXPENSE):Interest expense
    
    
    (35,715
    )
    
    
    (2,550
    )
    
    
    (2,548
    )
    
    
    (5,196
    )
    
    
    (5,132
    )NET (LOSS)
    
    $
    (237,877
    )
    
    $
    (7,076
    )
    
    $
    (6,090
    )
    
    
    (18,503
    )
    
    
    (17,908
    )NET (LOSS) PER SHARE
    
    
    
    
    
    $
    *
    
    
    $
    *
    
    
    
    *
    
    
    
    *Weighted Average
Number of Shares
Outstanding
    
    
    
    
    
    
    14,000,000
    
    
    
    14,000,000
    
    
    
    14,000,000
    
    
    
    14,000,000
 
 *
    
    = less than $0.01
per share See accompanying notes to the financial statements
 F-2




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 STATEMENTS OF CASH FLOWS
 (Unaudited)
 For the Periodfrom Inception
    
    
    For the six
    
    
    For the six(August 28, 1996) to
    
    
    months ended
    
    
    months endedNovember 30, 2008
    
    
    November 30, 2008
    
    
    November 30, 2007CASH FLOWS FROM (TO) OPERATING
ACTIVITIES:Net (loss)
    
    
    (237,877
    )
    
    $
    (18,503
    )
    
    $
    (17,908
    )Adjustments to reconcile net
(loss) to net cash flows used in
operating activities:Amortization
    
    
    300
    
    
    
    
    
    
    
    Non cash rent expense
    
    
    7,350
    
    
    
    300
    
    
    
    300Expenses paid by shareholders
    
    
    15,609
    
    
    
    
    
    
    
    Stock issued for directors fees
    
    
    59,960
    
    
    
    
    
    
    
    Stock issued for consulting fees
    
    
    3,040
    
    
    
    
    
    
    
    Increase in prepaid expense
    
    
    
    
    
    
    
    
    
    
    Change in accounts payable
    
    
    
    
    
    
    (1,859
    )
    
    
    3,387Change in accrued interest
    
    
    3,662
    
    
    
    (3,370
    )
    
    
    (293
    )Net Cash Flows (Used in) Operating
Activities
    
    
    (147,956
    )
    
    
    (23,432
    )
    
    
    (14,514
    )CASH FLOWS FROM (TO) INVESTING
ACTIVITIES:Organization costs
    
    
    (300
    )
    
    
    
    
    
    
    Net Cash Flows (Used in) Investing
Activities
    
    
    (300
    )
    
    
    
    
    
    
    CASH FLOWS FROM (TO) FINANCING
ACTIVITIES:Issuance of common stock
    
    
    8,500
    
    
    
    
    
    
    
    Payments on notes payable
 related party
    
    
    (3,000
    )
    
    
    
    
    
    
    Proceeds from notes payable
 related party
    
    
    144,500
    
    
    
    25,000
    
    
    
    6,500Net Cash Flows Provided By Financing
Activities
    
    
    150,000
    
    
    
    25,000
    
    
    
    6,500NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS
    
    
    1,744
    
    
    
    1,568
    
    
    
    (8,014
    )CASH AND CASH EQUIVALENTS, BEGINNING
OF PERIOD
    
    
    
    
    
    
    176
    
    
    
    8,370CASH AND CASH EQUIVALENTS, END OF
PERIOD
    
    
    1,744
    
    
    $
    1,744
    
    
    $
    356Supplemental Disclosures of Cash Flow
Information:Interest paid
    
    
    
    
    
    $
    8,566
    
    
    $
    713Taxes paid
    
    
    
    
    
    $
    
    
    
    $
    
 See accompanying notes to the financial statements
 F-3




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 NOTES TO FINANCIAL STATEMENTS
 November 30, 2008
 NOTE 1  BASIS OF PRESENTATION
  NOTE 2  GOING CONCERN AND PLAN OF OPERATION
   NOTE 3  NOTES PAYABLE, RELATED PARTY
 Notes Payable
  Maturity Date
    
    Interest Rate

    
    Principal AmountJanuary 30, 2009
    
    
    8.00
    %
    
    
    10,000February 10, 2009
    
    
    8.00
    %
    
    
    5,000March 18, 2009
    
    
    7.25
    %
    
    
    5,000March 31, 2009
    
    
    7.25
    %
    
    
    10,000May 14, 2009
    
    
    7.00
    %
    
    
    10,000May 16, 2009
    
    
    7.00
    %
    
    
    5,000June 2, 2009
    
    
    7.00
    %
    
    
    5,000July 15, 2009
    
    
    7.00
    %
    
    
    10,000August 4, 2009
    
    
    7.00
    %
    
    
    5,000August 18, 2009
    
    
    7.00
    %
    
    
    5,000August 31, 2009
    
    
    7.00
    %
    
    
    5,000September 18,2009
    
    
    7.00
    %
    
    
    5,000September 30, 2009
    
    
    7.00
    %
    
    
    5,000October 2, 2009
    
    
    7.00
    %
    
    
    25,000October 9, 2009
    
    
    6.50
    %
    
    
    15,000November 8, 2009
    
    
    6.00
    %
    
    
    5,000November 15, 2009
    
    
    6.00
    %
    
    
    6,500November 21, 2009
    
    
    6.00
    %
    
    
    5,000$
    141,500
   F-4




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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
 Liquidity and Capital Resources.
   Results of Operations.
     CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
  ITEM 3. CONTROLS AND PROCEDURES




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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
  Designation
    
    Exhibit Description31.1*
    
    Certification pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended.32.1 *
    
    Certification of Chief Executive Officer and President of the Company, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 *
    
    filed herewith SIGNATURES
  Date: January 14, 2009
    By:
    /s/ Vickie WalkerVickie WalkerSecretary
Chief Executive Officer
Chief Financial Officer