Heroes Inc

Organization Overview

Heroes Inc is located in Washington, DC. The organization was established in 1965. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Heroes Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heroes Inc 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 Inc generated $2.0m 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 (6.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTING OFFICERS' FAMILIES WITHIN 24 HOURS OF THE TRAGIC LOSS & CONTINUING INDEFINITELY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WIDOWS & FAMILY BENEFITS PROGRAM: UNDER THE WIDOWS & FAMILY BENEFIT PROGRAM, HEROES PROVIDES FINANCIAL ASSISTANCE TO THE IMMEDIATE FAMILY MEMBERS OF A DECEASED LAW ENFORCEMENT OFFICER AND FIREFIGHTERS IN THE GREATER WASHINGTON AREA.


SCHOLARSHIP PROGRAM: UNDER THE SCHOLARSHIP PROGRAM, HEROES PROVIDES COLLEGE SCHOLARSHIPS TO THE CHILDREN OF DECEASED LAW ENFORCEMENT OFFICERS AND FIREFIGHTERS.


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Board, Officers & Key Employees

Name (title)Compensation
John R Nichols
President
$292,610
Cherrie Doggett
Chairman Emeritus
$0
Kevin Virostek
Treasurer & VP
$0
Michael Farr
Chairman
$0
Michele Hagans
Secretary
$0
David Julyan
Legal Counsel
$0

Financial Statements

Statement of Revenue
Federated campaigns$27,024
Membership dues$32,000
Fundraising events$274,722
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$858,243
Noncash contributions included in lines 1a–1f $10,648
Total Revenue from Contributions, Gifts, Grants & Similar$1,191,989
Total Program Service Revenue$0
Investment income $339,082
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $52,000
Net Gain/Loss on Asset Sales $486,947
Net Income from Fundraising Events -$91,605
Net Income from Gaming Activities $26,128
Net Income from Sales of Inventory -$924
Miscellaneous Revenue$0
Total Revenue $2,003,617

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Heroes Inc has recieved totaling $216,918.

Awarding OrganizationAmount
Andreas Family Foundation

Dulles, VA

PURPOSE: UNRESTRICTED

$100,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$34,000
Kapani Family Charitable Foundation

Naples, FL

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$15,200
United Way Of The National Capital Area

Vienna, VA

PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS

$13,586
Healy Foundation

Wilmington, DE

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

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