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U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 Form 10-QSB
  þ
    
    Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended February 29, 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
 Applicable only to issuers involved in bankruptcy proceedings during the preceding five years.
 o o
 Applicable only to corporate issuers
  o þ




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PART 1  FINANCIAL INFORMATION
 ITEM 1. FINANCIAL STATEMENTS.




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The Heritage Organization, Inc.
(A Development Stage Company)
 FINANCIAL STATEMENTS
(Unaudited)
 February 29, 2008
 CONTENTS
 Balance Sheets
    
    F-1Statements of Operations
    
    F-2Statements of Cash Flows
    
    F-3Notes to Financial Statements
    
    F-4




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
BALANCE SHEETS
 February 29, 2008
    
    
    May 31, 2007(Unaudited)ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    2,771
    
    
    $
    8,370Total Current Assets
    
    
    2,771
    
    
    
    8,370Total Assets
    
    $
    2,771
    
    
    $
    8,370LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
    
    $
    
    
    
    $
    1,738Notes payable  related party
    
    
    116,500
    
    
    
    100,000Accrued interest  related party
    
    
    6,337
    
    
    
    3,922Total Current Liabilities
    
    
    122,837
    
    
    
    105,660Total Liabilities
    
    
    122,837
    
    
    
    105,660COMMITMENTS 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
    
    
    93,869
    
    
    
    93,419(Deficit) accumulated during the development stage
    
    
    (214,075
    )
    
    
    (190,849
    )Total Stockholders Equity (Deficit)
    
    
    (120,066
    )
    
    
    (97,290
    )Total Liabilities and Stockholders Equity (Deficit)
    
    $
    2,771
    
    
    $
    8,370
 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 Period
    
    
    
    
    
    
    For the threefrom Inception
    
    
    For the three
    
    
    months ended
    
    
    For the nine
    
    
    For the nine(8/28/96) to
    
    
    months ended
    
    
    February 28,
    
    
    months ended
    
    
    months endedFebruary 29, 2008
    
    
    February 29, 2008
    
    
    2007
    
    
    February 29, 2008
    
    
    February 28, 2007REVENUES
    
    $
    5
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    EXPENSES:Amortization
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Bank charges
    
    
    798
    
    
    
    44
    
    
    
    35
    
    
    
    144
    
    
    
    102Consulting fees
    
    
    62,800
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Directors fees
    
    
    200
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Filing fee
    
    
    11,591
    
    
    
    592
    
    
    
    1,183
    
    
    
    592
    
    
    
    7,510Legal &
professional
    
    
    100,585
    
    
    
    1,325
    
    
    
    2,613
    
    
    
    13,651
    
    
    
    15,711Office expense
    
    
    2,960
    
    
    
    426
    
    
    
    
    
    
    
    426
    
    
    
    Licenses &
Permits
    
    
    174
    
    
    
    74
    
    
    
    
    
    
    
    124
    
    
    
    Rent expense
    
    
    6,900
    
    
    
    150
    
    
    
    150
    
    
    
    450
    
    
    
    450Total
Expenses
    
    
    186,308
    
    
    
    2,611
    
    
    
    3,981
    
    
    
    15,387
    
    
    
    23,773(LOSS) FROM
CONTINUING
OPERATIONS
    
    
    (186,303
    )
    
    
    (2,611
    )
    
    
    (3,981
    )
    
    
    (15,387
    )
    
    
    (23,773
    )OTHER (EXPENSE):Interest expense
    
    
    (27,772
    )
    
    
    (2,707
    )
    
    
    (2,153
    )
    
    
    (7,839
    )
    
    
    (5,485
    )NET (LOSS)
    
    $
    (214,075
    )
    
    $
    (5,318
    )
    
    $
    (6,134
    )
    
    
    (23,226
    )
    
    
    (29,258
    )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 nine
    
    
    For the nine(August 28, 1996) to
    
    
    months ended
    
    
    months endedFebruary 29, 2008
    
    
    February 29, 2008
    
    
    February 28, 2007CASH FLOWS FROM (TO)
OPERATING ACTIVITIES:Net (loss)
    
    
    (214,075
    )
    
    $
    (23,226
    )
    
    $
    (29,258
    )Adjustments to reconcile net
(loss) to net cash flows used in
operating activities:Amortization
    
    
    300
    
    
    
    
    
    
    
    Non cash rent expense
    
    
    6,900
    
    
    
    450
    
    
    
    450Expenses 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
    
    
    
    
    
    
    (1,738
    )
    
    
    (4,483
    )Change in accrued interest
    
    
    6,337
    
    
    
    2,415
    
    
    
    2,049Net Cash Flows (Used in) Operating
Activities
    
    
    (121,929
    )
    
    
    (22,099
    )
    
    
    (31,242
    )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
    
    
    119,500
    
    
    
    16,500
    
    
    
    25,000Net Cash Flows Provided By Financing
Activities
    
    
    125,000
    
    
    
    16,500
    
    
    
    25,000NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS
    
    
    2,771
    
    
    
    (5,599
    )
    
    
    (6,242
    )CASH AND CASH EQUIVALENTS, BEGINNING
OF PERIOD
    
    
    
    
    
    
    8,370
    
    
    
    7,994CASH AND CASH EQUIVALENTS, END OF
PERIOD
    
    
    2,771
    
    
    $
    2,771
    
    
    $
    1,752Supplemental Disclosures of Cash Flow
Information:Interest paid
    
    
    
    
    
    $
    5,425
    
    
    $
    3,436Taxes 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
February 29, 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 AmountMarch 18, 2008
    
    
    10.25
    %
    
    
    5,000March 31, 2008
    
    
    10.25
    %
    
    
    10,000May 14, 2008
    
    
    10.25
    %
    
    
    10,000May 16, 2008
    
    
    10.25
    %
    
    
    5,000June 2, 2008
    
    
    10.25
    %
    
    
    5,000August 4, 2008
    
    
    10.25
    %
    
    
    5,000August 18, 2008
    
    
    10.25
    %
    
    
    5,000August 31, 2008
    
    
    10.25
    %
    
    
    5,000September 18,
2008
    
    
    9.75
    %
    
    
    5,000September 30, 2008
    
    
    9.75
    %
    
    
    5,000October 2, 2008
    
    
    9.75
    %
    
    
    25,000November 8, 2008
    
    
    9.50
    %
    
    
    5,000November 15, 2008
    
    
    9.50
    %
    
    
    6,500November 21, 2008
    
    
    9.50
    %
    
    
    5,000January 30, 2009
    
    
    8.00
    %
    
    
    10,000February 10, 2009
    
    
    8.00
    %
    
    
    5,000$
    116,500
   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
  5




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ITEM 6. EXHIBITS.
  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 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: April 14, 2008
    By:
    /s/ Vickie WalkerVickie WalkerSecretary
Chief Executive Officer
Chief Financial Officer 6