Infinite Hero Foundation
- Assets
- $648.6k
- Revenue
- $541.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Lake Forest, CA
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 45-0983498
Organization Overview
Infinite Hero Foundation is located in Lake Forest, CA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Infinite Hero Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinite Hero Foundation 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, Infinite Hero Foundation generated $541.0k 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 (9.6%) each year. All expenses for the organization totaled $563.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Infinite Hero Foundation has awarded 34 individual grants totaling $1,202,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.THE FOUNDATION'S MISSION IS TO COMBAT THE MOST DIFFICULT FRONT LINE ISSUES-MENTAL AND PHYSICAL-FACING MILITARY HEROES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE FOUNDATION RAISES PUBLIC AWARENESS OF ITS MISSION, AND SOLICITS CONTRIBUTIONS, AT PUBLIC AND CHARITY EVENTS AND THROUGH TRADITIONAL COMMUNICATIONS CHANNELS AS WELL AS THROUGH ITS WEBSITE (WWW.INFINITEHERO.ORG) AND THE USE OF SOCIAL MEDIA. THE FOUNDATION ALSO WORKS WITH CORPORATE PARTNERS TO SPREAD AWARENESS TO THEIR CONSUMERS AND SOCIAL MEDIA FOLLOWERS. FROM TIME TO TIME THE FOUNDATION ALSO HOLDS CHARITY EVENTS, INTIIALLY IN SOUTHERN CALIFORNIA. GIVEN THE PROXIMITY TO MILITARY INSTALLATIONS SUCH AS THE NAVAL BASE IN SAN DIEGO, CAMP PENDLETON, AND THE LOS ANGELES AIR FORCE BASE, THE FOUNDATION BELIEVES THIS AREA IS AN IDEAL ENVIRONMENT IN WHICH TO RAISE PUBLIC AWARENESS OF THE NEED TO SUPPORT, AND TO PROMOTE ACTIVITIES DESIGNED TO SUPPORT, MILITARY PERSONNEL.IN ADDITION, BECAUSE THE FOUNDATION EXPECTS THAT ITS NAME, LOGO AND TRADE DRESS (THE "IHF MARKS") WILL BE ASSOCIATED WITH ITS MISSION STATEMENT, THE FOUNDATION INTENDS TO LICENSE THE IHF MARKS TO CORPORATE PARTNERS, USUALLY IN EXCHANGE FOR A DONATION TO THE FOUNDATION OF A PORTION OF THE PROCEEDS FROM THE SALE OF SUCH PRODUCTS USING THE IHF MARKS.THE FOUNDATION IS COMMITTED TO DEDICATING ITS RESOURCES AND PROPERTY FOR THE BENEFICIAL USE OF CHARITABLE CAUSES CONSISTENT WITH ITS MISSION STATEMENT. THE FOUNDATION'S PROGRAM SERVICES PRINCIPALLY CONSIST OF SUPPORT GRANTS IT MAKES TO SPECIALLY SELECTED NONPROFIT ORGANIZATIONS TO FUND PROGRAMS THAT DIRECTLY BENEFIT OUR MILITARY HEROES AND THEIR FAMILIES AND TO PROMOTE THE DEVELOPMENT OF INNOVATIVE REHABILITATIVE PROGRAMS AND THERAPIES. SINCE ITS INCEPTION, THE FOUNDATION HAS MADE GRANTS TOTALING $4,521,600 IN FURTHERANCE OF ITS MISSION.IN 2014, THE FOUNDATION CONDUCTED THE VETERANS INNOVATION SUMMIT FOR INVESTING AND TECHNOLOGY (VISIT) TO PROPEL INNOVATION, ACCESSIBILITY AND COLLABORATION AMONG ORGANIZATIONS COMBATING THE MOST CRITICAL ISSUES FACING THE RETURNING MILITARY COMMUNITY. THE EVENT FEATURED PROMINENT PANELISTS AND ATTENDEES IN A DIALOGUE ABOUT HOW TO BEST SERVE OUR VETERANS WITH CUTTING-EDGE TECHNOLOGY, NOVEL THERAPIES AND PROGRESSIVE THINKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Brummett Director Of Operations | Officer | 40 | $75,000 |
Courtney Janes Executive Director | Officer | 40 | $25,833 |
Kevin R Collins Treasurer And Director | OfficerTrustee | 4 | $0 |
Colin Baden President And Director | OfficerTrustee | 2 | $0 |
Cole Morgan Secretary | Officer | 2 | $0 |
Don Schumacher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $244,446 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,490 |
| Total Program Service Revenue | $0 |
| Investment income | $117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45,543 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$54,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,352 |
| Payroll taxes | $8,095 |
| Fees for services: Management | $159,816 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $68,750 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,517 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,264 |
| Travel | $17,969 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $563,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,419 |
| Savings and temporary cash investments | $169,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,089 |
| 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 | $150,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,000 |
| Other assets | $0 |
| Total assets | $648,601 |
| Accounts payable and accrued expenses | $1,358 |
| 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 | $1,358 |
| Net assets without donor restrictions | $647,243 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $648,601 |
Grants Awarded
Over the last fiscal year, Infinite Hero Foundation has awarded $150,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Reboot Brain Treatment Program | $75,000 |
Arlington, VA PURPOSE: To produce and distribute content of intellectual integrity and cultural merit using a broad range of media to reach audiences both in our community and nationwide. | $50,000 |
New York, NY PURPOSE: To create a better path to well being and ultimately a brighter tomorrow for our nation's veterans and their families. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Infinite Hero Foundation has recieved totaling $12,607.
| Awarding Organization | Amount |
|---|---|
The New Horizons Foundation Inc Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $7,000 |
Blue Waters Foundation Annapolis, MD PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bright Funds Foundation San Jose, CA | $23,418,833 | $59,277,249 |
Monterey Peninsula Foundation Monterey, CA | $50,385,331 | $28,291,060 |
Tiger Woods Charity Event Corp Irvine, CA | $9,536,474 | $23,227,782 |
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |