Heroes Project
- Assets
- $1.2m
- Revenue
- $343.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 27-1288926
Organization Overview
Heroes Project is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Heroes Project employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heroes Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Heroes Project generated $343.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $244.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATION OF WOUNDED VETERANS OF THE U.S. MILITARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MAIN PROGRAM IS TO AID WOUNDED VETERANS IN CLIMBING SOME OF THE WORLD'S TALLEST MOUNTAIN PEAKS AND DOES THIS WITH TWO SPECIFIC PROGRAMS - OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES. OPERATION 7 SUMMITS HAS BEEN RUNNING SINCE THE SUMMER OF 2010 THE CLIMBING OF MT. DENALI IN ALASKA. THE MOST RECENT MISSION FOR OPERATION 7 SUMMITS WAS THE CARSENSZ PYRAMID IN OCTOBER 2017. OPERATION 7 VOLCANOES STARTED IN 2015 AND THE TWO MOST RECENT MISSIONS FOR OPERTATION 7 VOLCANOES WERE OJOS DEL SALADO IN ARGENTINA IN MARCH 2018 AND MT. ELBRUS IN RUSSIA IN OCTOBER 2019.FURTHER MISSIONS WERE BEING PLANNED FOR OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES, HOWEVER DUE TO THE WORLDWIDE PANDEMIC (TRAVEL RESTRICTIONS, ETC), THESE MISSIONS WERE PUT ON HOLD UNTIL THEY COULD BE RUN SAFELY AND WORLDWIDE TRAVEL RESTRICTIONS WERE LIFTED. IN SUPPORT OF THE OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES, THE ORGANIZATION HOLDS AN ANNUAL EVENT AT MT. BALDY - CLIMB FOR HEROES. THE CLIMB FOR HEROES PROGRAM HAS SUPPORTERS AND VETERANS CLIMB THE SUMMIT OF MT. BALDY TOGETHER. THE 2021 CLIMB FOR HEROES EVENT WAS HELD ON VETERANS' DAY WEEKEND IN 2021. THE ANNUAL 2022 MT. BALDY CLIMB FOR HEROES PROGRAM EVENT WILL BE HELD ON NOVEMBER 12, 2022 ON VETERAN'S DAY WEEKEND. REGISTRATION FOR THIS EVENT WILL OPEN UP IN THE SUMMER OF 2022.ADDITIONAL PROGRAM PLANS INCLUDE TO BUILD A BASE LODGE AT THE BASE OF MT. BALDY TO PROVIDE A TRAINING GROUND FOR THE VETERANS PARTICIPATING IN THE FUTURE OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES MISSIONS. GROUND WAS BROKEN ON THE BASE LODGE AT MT. BALDY DURING THE 2021 CALENDAR YEAR AND CONSTRUCTION ON THE BASE LODGE WILL CONTINUE OVER THE COURSE OF A COUPLE OF YEARS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Medvetz Director | Trustee | 40 | $90,500 |
Richard Stark Director | Trustee | 10 | $0 |
Scott Rosen Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,533 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,500 |
| Compensation of current officers, directors, key employees. | $45,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,526 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,414 |
| Advertising and promotion | $10,458 |
| Office expenses | $22,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247 |
| Insurance | $11,210 |
| All other expenses | $12,371 |
| Total functional expenses | $244,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $406,681 |
| Other assets | $8,920 |
| Total assets | $1,188,295 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,188,295 |
| Total liabilities and net assets/fund balances | $1,188,295 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heroes Project has recieved totaling $1,040,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $1,020,000 |
Childrens Tr 04132005 New York, NY PURPOSE: SOCIAL WELFARE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veteran Tickets Foundation Tempe, AZ | $3,473,043 | $70,156,514 |
Swords To Plowshares Veterans Rights Organization San Francisco, CA | $13,731,803 | $35,297,923 |
Nations Finest Santa Rosa, CA | $6,187,944 | $28,671,006 |
Vietnam Veterans Of San Diego San Diego, CA | $48,971,024 | $19,292,555 |
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |
For The Troops Simi Valley, CA | $784,854 | $2,236,492 |