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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 November 30, 2007.
 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
    
    (IRS Employer Identificationof incorporation or organization)
    
    No.)
 ATTN: Vickie Walker, P.O. Box 910 Addison, Texas 75001  (Address of Principal Executive Offices)
  þ o
 þ o
  o o
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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, 2007
 CONTENTS
  
 Balance Sheets
    
    
    F-1Statements of Operations
    
    
    F-2Statements of Cash Flows
    
    
    F-3Notes to Financial Statements
    
    
    F-4Certification Pursuant to Rule 13a-14(a) or 15d-14(a)Certification of CEO and President Pursuant to Section 906




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 BALANCE SHEETS
 ASSETS
 November 30, 2007
    
    
    May 31, 2007(Unaudited)CURRENT ASSETSCash and cash equivalents
    
    $
    356
    
    
    $
    8,370Total Current Assets
    
    
    356
    
    
    
    8,370Total Assets
    
    $
    356
    
    
    $
    8,370LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
    
    $
    5,125
    
    
    $
    1,738Notes payable  related party
    
    
    106,500
    
    
    
    100,000Accrued interest  related party
    
    
    3,629
    
    
    
    3,922Total Current Liabilities
    
    
    115,254
    
    
    
    105,660Total Liabilities
    
    
    115,254
    
    
    
    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
    
    
    93,719
    
    
    
    93,419(Deficit) accumulated during the development stage
    
    
    (208,757
    )
    
    
    (190,849
    )Total Stockholders Equity (Deficit)
    
    
    (114,898
    )
    
    
    (97,290
    )Total Liabilities and Stockholders Equity (Deficit)
    
    $
    356
    
    
    $
    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 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 30,2007
    
    
    2007
    
    
    2006
    
    
    2007
    
    
    2006REVENUES
    
    $
    5
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    EXPENSES:Amortization
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Bank charges
    
    
    754
    
    
    
    67
    
    
    
    35
    
    
    
    100
    
    
    
    67Consulting fees
    
    
    62,800
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Directors fees
    
    
    200
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Filing fee
    
    
    10,999
    
    
    
    
    
    
    
    5,405
    
    
    
    
    
    
    
    6,327Legal &
professional
    
    
    99,260
    
    
    
    3,275
    
    
    
    1,563
    
    
    
    12,326
    
    
    
    13,098Office expense
    
    
    2,534
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Licenses &
Permits
    
    
    100
    
    
    
    50
    
    
    
    
    
    
    
    50
    
    
    
    Rent expense
    
    
    6,750
    
    
    
    150
    
    
    
    150
    
    
    
    300
    
    
    
    300Total
Expenses
    
    
    183,697
    
    
    
    3,542
    
    
    
    7,153
    
    
    
    12,776
    
    
    
    19,792(LOSS) FROM
CONTINUING
OPERATIONS
    
    
    (183,692
    )
    
    
    (3,542
    )
    
    
    (7,153
    )
    
    
    (12,776
    )
    
    
    (19,792
    )OTHER (EXPENSE):Interest expense
    
    
    (25,065
    )
    
    
    (2,548
    )
    
    
    (1,910
    )
    
    
    (5,132
    )
    
    
    (3,332
    )NET (LOSS)
    
    $
    (208,757
    )
    
    $
    (6,090
    )
    
    $
    (9,063
    )
    
    
    (17,908
    )
    
    
    (23,124
    )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, 2007
    
    
    November 30, 2007
    
    
    November 30, 2006CASH FLOWS FROM (TO) OPERATING
ACTIVITIES:Net (loss)
    
    
    (208,757
    )
    
    $
    (17,908
    )
    
    $
    (23,124
    )Adjustments to reconcile net
(loss) to net cash flows used in
operating activities:Amortization
    
    
    300
    
    
    
    
    
    
    
    Non cash rent expense
    
    
    6,750
    
    
    
    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
    
    
    
    
    
    
    
    
    
    
    (1,000
    )Change in accounts payable
    
    
    5,125
    
    
    
    3,387
    
    
    
    (4,633
    )Change in accrued interest
    
    
    3,629
    
    
    
    (293
    )
    
    
    796Net Cash Flows (Used in) Operating
Activities
    
    
    (114,344
    )
    
    
    (14,514
    )
    
    
    (27,661
    )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
    
    
    109,500
    
    
    
    6,500
    
    
    
    25,000Net Cash Flows Provided By Financing
Activities
    
    
    115,000
    
    
    
    6,500
    
    
    
    25,000NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS
    
    
    356
    
    
    
    (8,014
    )
    
    
    (2,661
    )CASH AND CASH EQUIVALENTS, BEGINNING
OF PERIOD
    
    
    
    
    
    
    8,370
    
    
    
    7,994CASH AND CASH EQUIVALENTS, END OF
PERIOD
    
    
    356
    
    
    $
    356
    
    
    $
    5,333Supplemental Disclosures of Cash Flow
Information:Interest paid
    
    
    
    
    
    $
    713
    
    
    $
    2,537Taxes 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, 2007
 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 AmountFebruary 10, 2008
    
    
    10.25
    %
    
    
    5,000March 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
    %
    
    
    5,000$
    106,500
   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, 2008
    By:
    /s/ Vickie WalkerVickie WalkerSecretary
Chief Executive Officer
Chief Financial Officer