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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, 2006.
 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.)
  
 (Address of Principal Executive Offices)
  þ o
 þ o
  o o
   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, 2006
 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 Pursuant to Section 906




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THE HERITAGE ORGANIZATION, INC.
(A Development Stage Company)
 
 BALANCE SHEETS
 November 30, 2006
    
    
    May 31, 2006(Unaudited)ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    5,333
    
    
    $
    7,994Prepaid expense
    
    
    1,000
    
    
    
    Total Current Assets
    
    
    6,333
    
    
    
    7,994Total Assets
    
    $
    6,333
    
    
    $
    7,994LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
    
    $
    
    
    
    $
    4,633Notes payable  related party
    
    
    90,000
    
    
    
    65,000Accrued interest  related party
    
    
    2,403
    
    
    
    1,607Total Current Liabilities
    
    
    92,403
    
    
    
    71,240Total Liabilities
    
    
    92,403
    
    
    
    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
    
    
    93,119
    
    
    
    92,819(Deficit) accumulated during the development stage
    
    
    (179,329
    )
    
    
    (156,205
    )Total Stockholders Equity (Deficit)
    
    
    (86,070
    )
    
    
    (63,246
    )Total Liabilities and Stockholders Equity (Deficit)
    
    $
    6,333
    
    
    $
    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 six
    
    
    For the six(8/28/96) to
    
    
    months ended
    
    
    months ended
    
    
    months ended
    
    
    months endedNovember 30,
    
    
    November 30,
    
    
    November 30,
    
    
    November 30,
    
    
    November 30,2006
    
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005REVENUES
    
    $
    5
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    EXPENSES:Amortization
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Bank charges
    
    
    576
    
    
    
    35
    
    
    
    
    
    
    
    67
    
    
    
    76Consulting fees
    
    
    62,800
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Directors fees
    
    
    200
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Filing fee
    
    
    8,702
    
    
    
    5,405
    
    
    
    860
    
    
    
    6,327
    
    
    
    2,150Legal &
professional
    
    
    82,572
    
    
    
    1,563
    
    
    
    225
    
    
    
    13,098
    
    
    
    10,478Office expense
    
    
    2,534
    
    
    
    
    
    
    
    39
    
    
    
    
    
    
    
    Licenses &
Permits
    
    
    50
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rent expense
    
    
    6,150
    
    
    
    150
    
    
    
    150
    
    
    
    300
    
    
    
    300Total
Expenses
    
    
    163,884
    
    
    
    7,153
    
    
    
    1,274
    
    
    
    19,792
    
    
    
    13,004(LOSS) FROM
CONTINUING
OPERATIONS
    
    
    (163,879
    )
    
    
    (7,153
    )
    
    
    (1,274
    )
    
    
    (19,792
    )
    
    
    (13,004
    )OTHER (EXPENSE):Interest expense
    
    
    (15,450
    )
    
    
    (1,910
    )
    
    
    (1,056
    )
    
    
    (3,332
    )
    
    
    (1,872
    )NET (LOSS)
    
    $
    (179,329
    )
    
    $
    (9,063
    )
    
    $
    (2,330
    )
    
    $
    (23,124
    )
    
    $
    (14,876
    )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, 2006
    
    
    November 30, 2006
    
    
    November 30, 2005CASH FLOWS FROM (TO) OPERATING
ACTIVITIES:Net (loss)
    
    $
    (179,329
    )
    
    $
    (23,124
    )
    
    $
    (14,876
    )Adjustments to reconcile net
(loss) to net cash flows used in
operating activities:Amortization
    
    
    300
    
    
    
    
    
    
    
    Non cash rent expense
    
    
    6,150
    
    
    
    300
    
    
    
    300Expenses paid by shareholders
    
    
    15,609
    
    
    
    
    
    
    
    Stock issued for directors fees
    
    
    59,960
    
    
    
    
    
    
    
    Stock issued for consulting fees
    
    
    3,040
    
    
    
    
    
    
    
    Increase in prepaid expenses
    
    
    (1,000
    )
    
    
    (1,000
    )
    
    
    Increase in accounts payable
    
    
    
    
    
    
    (4,633
    )
    
    
    (333
    )Increase in accrued interest
    
    
    2,403
    
    
    
    796
    
    
    
    234Net Cash Flows (Used in) Operating
Activities
    
    
    (92,867
    )
    
    
    (27,661
    )
    
    
    (14,675
    )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
    
    
    5,333
    
    
    
    (2,661
    )
    
    
    325CASH AND CASH EQUIVALENTS,
BEGINNING OF PERIOD
    
    
    
    
    
    
    7,994
    
    
    
    1,426CASH AND CASH EQUIVALENTS, END OF
PERIOD
    
    $
    5,333
    
    
    $
    5,333
    
    
    $
    1,751Supplemental Disclosures of Cash
Flow Information:Interest paid
    
    
    
    
    
    $
    2,537
    
    
    $
    1,638Taxes 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, 2006
 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, 2007
    
    
    8.25
    %
    
    
    5,000March 18, 2007
    
    
    8.25
    %
    
    
    5,000March 31, 2007
    
    
    8.25
    %
    
    
    10,000May 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
    %
    
    
    5,000$
    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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PART II
 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 15, 2007
    
    By:
    
    /s/ Vickie WalkerVickie Walker
SecretaryChief Executive OfficerChief Financial Officer