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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 1934for the quarterly
period ended February 28, 2007.
 o
    
    Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934for 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
   o þ




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TABLE OF CONTENTS  PART 1  FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS AND EXHIBITSITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONITEM 3. CONTROLS AND PROCEDURESPART IIITEM 6. EXHIBITS AND REPORTS ON FORM 8-KSIGNATURESCertification Pursuant to Rule 13a-14(a) or 15d-14(a)Certification Pursuant to Section 906    Table of Contents  
 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)
 February 28, 2007
 CONTENTS
 Balance Sheets
    
    
    F-1Statements of Operations
    
    
    F-2Statements of Cash Flows
    
    
    F-3Notes to Financial Statements
    
    
    F-4




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##### Table of Contents



THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
BALANCE SHEETS
 February 28, 2007
    
    
    May 31, 2006(Unaudited)ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    1,752
    
    
    $
    7,994Total Current Assets
    
    
    1,752
    
    
    
    7,994Total Assets
    
    $
    1,752
    
    
    $
    7,994LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
    
    $
    150
    
    
    $
    4,633Notes payable  related party
    
    
    90,000
    
    
    
    65,000Accrued interest  related party
    
    
    3,656
    
    
    
    1,607Total Current Liabilities
    
    
    93,806
    
    
    
    71,240Total Liabilities
    
    
    93,806
    
    
    
    71,240COMMITMENTS 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
    
    
    93,269
    
    
    
    92,819(Deficit) accumulated during the development stage
    
    
    (185,463
    )
    
    
    (156,205
    )Total Stockholders Equity (Deficit)
    
    
    (92,054
    )
    
    
    (63,246
    )Total Liabilities and Stockholders Equity (Deficit)
    
    $
    1,752
    
    
    $
    7,994
 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 nine
    
    
    For the nine(8/28/96) to
    
    
    months ended
    
    
    months ended
    
    
    months ended
    
    
    months endedFebruary 28, 2007
    
    
    February 28, 2007
    
    
    February 28, 2006
    
    
    February 28, 2007
    
    
    February 28, 2006REVENUES
    
    $
    5
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    EXPENSES:Amortization
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Bank charges
    
    
    611
    
    
    
    35
    
    
    
    42
    
    
    
    102
    
    
    
    118Consulting fees
    
    
    62,800
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Directors fees
    
    
    200
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Filing fee
    
    
    9,885
    
    
    
    1,183
    
    
    
    
    
    
    
    7,510
    
    
    
    2,150Legal & professional
    
    
    85,185
    
    
    
    2,613
    
    
    
    575
    
    
    
    15,711
    
    
    
    11,053Office expense
    
    
    2,534
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Licenses & Permits
    
    
    50
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rent expense
    
    
    6,300
    
    
    
    150
    
    
    
    150
    
    
    
    450
    
    
    
    450Total Expenses
    
    
    167,865
    
    
    
    3,981
    
    
    
    767
    
    
    
    23,773
    
    
    
    13,771(LOSS) FROM CONTINUING OPERATIONS
    
    
    (167,860
    )
    
    
    (3,981
    )
    
    
    (767
    )
    
    
    (23,773
    )
    
    
    (13,771
    )OTHER (EXPENSE):Interest expense
    
    
    (17,603
    )
    
    
    (2,153
    )
    
    
    (2,347
    )
    
    
    (5,485
    )
    
    
    (4,220
    )NET (LOSS)
    
    $
    (185,463
    )
    
    $
    (6,134
    )
    
    $
    (3,114
    )
    
    $
    (29,258
    )
    
    $
    (17,991
    )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 28, 2007
    
    
    February 28, 2007
    
    
    February 28, 2006CASH FLOWS FROM (TO) OPERATING ACTIVITIES:Net (loss)
    
    $
    (185,463
    )
    
    $
    (29,258
    )
    
    $
    (17,991
    )Adjustments to reconcile net (loss) to net cash
flows used in operating activities:Amortization
    
    
    300
    
    
    
    
    
    
    
    Non cash rent expense
    
    
    6,300
    
    
    
    450
    
    
    
    450Expenses paid by shareholders
    
    
    15,609
    
    
    
    
    
    
    
    Stock issued for directors fees
    
    
    59,960
    
    
    
    
    
    
    
    Stock issued for consulting fees
    
    
    3,040
    
    
    
    
    
    
    
    Increase in accounts payable
    
    
    150
    
    
    
    (4,483
    )
    
    
    17Increase in accrued interest
    
    
    3,656
    
    
    
    2,049
    
    
    
    1,357Net Cash Flows (Used in) Operating Activities
    
    
    (96,448
    )
    
    
    (31,242
    )
    
    
    (16,167
    )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
    
    
    93,000
    
    
    
    25,000
    
    
    
    15,000Net Cash Flows Provided By Financing Activities
    
    
    98,500
    
    
    
    25,000
    
    
    
    15,000NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    
    
    1,752
    
    
    
    (6,242
    )
    
    
    (1,167
    )CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
    
    
    
    
    
    
    7,994
    
    
    
    1,426CASH AND CASH EQUIVALENTS, END OF PERIOD
    
    $
    1,752
    
    
    $
    1,752
    
    
    $
    259Supplemental Disclosures of Cash Flow Information:Interest paid
    
    
    
    
    
    $
    3,436
    
    
    $
    2,863Taxes 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 28, 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 AmountMay 16, 2007
    
    
    8.25%
    
    
    
    5,000June 2, 2007
    
    
    10.00%
    
    
    
    5,000August 4, 2007
    
    
    10.25%
    
    
    
    5,000August 18, 2007
    
    
    10.25%
    
    
    
    5,000August 31, 2007
    
    
    10.25%
    
    
    
    5,000September 18, 2007
    
    
    10.25%
    
    
    
    5,000September 30, 2007
    
    
    10.25%
    
    
    
    5,000October 2, 2007
    
    
    10.25%
    
    
    
    25,000November 8, 2007
    
    
    10.25%
    
    
    
    5,000November 21, 2007
    
    
    10.25%
    
    
    
    5,000February 10, 2008
    
    
    10.25%
    
    
    
    5,000March 18, 2008
    
    
    8.25%
    
    
    
    5,000March 31, 2008
    
    
    8.25%
    
    
    
    10,000$
    90,000
   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: April 16, 2007
    By:
    /s/ Vickie WalkerVickie WalkerSecretary
Chief Executive Officer
Chief Financial Officer