Heroes Foundation Inc
- Assets
- $1.8m
- Revenue
- $617.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 74-3002520
Organization Overview
Heroes Foundation Inc is located in Indianapolis, IN. The organization was established in 2001. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Heroes Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heroes Foundation 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 12/2022, Heroes Foundation Inc generated $617.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $515.4k during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Heroes Foundation Inc has awarded 36 individual grants totaling $1,462,975. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEANINGFUL SUPPORT TO CANCER PATIENTS, EDUCATION TO PROMOTE CANCER PREVENTION AND RESOURCES TO ADVANCE RESEARCH FOR A CURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANTS INDIANA UNIVERSITY FOUNDATION AND UNIVERSITY OF NOTRE DAME. GRANT TO IU HEALTH FOUNDATION COMPLETE LIFE PROGRAM WHICH OFFERS COMPLEMENTARY SUPPORT AND CARE FOR PATIENTS, THEIR FAMILIES, AND CAREGIVERS. GRANT TO THE COMMUNITY HEALTH NETWORK FOUNDATION FOR THEIR CANCER PATIENT ASSISTANCE FUND. GRANT TO PURDUE UNIVERSITY WOMENS GLOBAL HEALTH INSTITUTE. SPONSORSHIP TO PINK-4-EVER ENDING DISPARITIES BREAST HEALTH SUMMIT. CONTRIBUTION TO INDIANA UNIVERSITY FOUNDATION FOR THE ANDREW S. HIPSKIND MEMORIAL SCHOLARSHIP. CONTRIBUTION TO THE LEUKEMIA LYMPHOMA SOCIETY.
TEAM HEROES IS A CYCLING TEAM COMPETING AT ALL LEVELS AND IS USED AS A VEHICLE TO RAISE AWARENESS ABOUT THE HEROES FOUNDATIONS COMMITMENT TO THE BATTLE AGAINST CANCER THROUGH PROMOTION OF LIVING A HEALTHY LIFESTYLE AND CANCER PREVENTION.
TEAM JOEY SUPPORTS PEDIATRIC CANCER RESEARCH PROJECTS WITHIN THE INDIANA UNIVERSITY SCHOOL OF MEDICINE, AS WELL AS DELIVERING LEGO TOYS TO PEDIATRIC CANCER PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Smith Executive Director | Officer | 40 | $63,692 |
Cindy Todd Program Event Mgr | OfficerTrustee | 40 | $52,000 |
Vince Todd Jr Chairman | OfficerTrustee | 15 | $0 |
Joseph Todd Board Member | Trustee | 1 | $0 |
Bryan Babb Board Member | Trustee | 1 | $0 |
Kelly Canada Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,842 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,512 |
| Total Program Service Revenue | $2,289 |
| Investment income | $24,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $212,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $298,250 |
| 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. | $120,019 |
| Compensation of current officers, directors, key employees. | $120,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,516 |
| Fees for services: Management | $20,425 |
| Fees for services: Legal | $3,030 |
| 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 | $0 |
| Advertising and promotion | $952 |
| Office expenses | $1,420 |
| Information technology | $9,833 |
| Royalties | $0 |
| Occupancy | $8,727 |
| Travel | $64 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,142 |
| All other expenses | $0 |
| Total functional expenses | $515,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,418 |
| Savings and temporary cash investments | $482,534 |
| 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 | $0 |
| Investments—publicly traded securities | $1,246,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,776,476 |
| 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 | $2,720 |
| Total liabilities | $2,720 |
| 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 | $1,773,756 |
| Total liabilities and net assets/fund balances | $1,776,476 |
Grants Awarded
Over the last fiscal year, Heroes Foundation Inc has awarded $298,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HEALTH NETWORK FOUNDATION PURPOSE: Cancer patient assistance fund | $15,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: Cancer research | $110,000 |
PURDUE UNIVERSITY PURPOSE: Womens Global Health Institute | $30,000 |
THE UNIVERSITY OF NOTRE DAME PURPOSE: Cancer research | $100,000 |
IU HEALTH FOUNDATION PURPOSE: Complete Life First Mondays and Art Show | $30,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: Contribution | $250 |