Heroic Hearts Project Inc
- Assets
- $628.3k
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-1697268
Organization Overview
Heroic Hearts Project Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heroic Hearts Project 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, Heroic Hearts Project Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 52.3% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A HEALING COMMUNITY THAT HELPS VETERANS SUFFERING FROM MILITARY TRAUMA RECOVER AND THRIVE BY PROVIDING THEM WITH SAFE, SUPERVISED ACCESS TO PSYCHEDELIC TREATMENTS, PROFESSIONAL COACHING, AND ONGOING PEER SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TREATMENT AND COACHING PROGRAM PROVIDES SUPPORT AND PROFESSIONAL COUNSELING TO VETERANS SEEKING ALTERNATIVE MEDICAL HEALTH OPTIONS AND CONNECTING THEM WITH THERAPY CENTERS WHERE THEY CAN SAFELY AND LEGALLY PURSUE THE TREATMENT OPTIONS THEY DESIRE.
THE RESEARCH, EDUCATION, AND ADVOCACY PROGRAM CONSISTS OF ACTIVITIES RELATED TO DEVELOPING AND CONTRIBUTING TO THE GROWING BASE OF PSYCHEDELIC RESEARCH; DEVELOPMENT OF RESEARCH-BASED PRODUCTS AND PROGRAMS TO INFORM AND EDUCATE PEOPLE ON THE THERAPEUTIC POTENTIAL OF PSYCHEDELICS AND USING THE RESEARCH, DATA, AND TESTIMONIALS TO COUNTER THE STIGMA ASSOCIATED WITH PSYCHEDELICS AND TO HELP CHANGE THE LAWS LIMITING ACCESS TO PSYCHEDELICS AS THERAPEUTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Gould President | OfficerTrustee | 50 | $65,000 |
Andy Johns Director | Trustee | 1 | $0 |
Richard Spanton Jr Director | Trustee | 1 | $0 |
Jered Kenna Director | Trustee | 1 | $0 |
Juliana Mercer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,639,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,655,375 |
| 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 | $3,655,375 |
| 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. | $58,452 |
| Compensation of current officers, directors, key employees. | $9,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,326 |
| Fees for services: Accounting | $8,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,969 |
| Advertising and promotion | $94,007 |
| Office expenses | $2,975 |
| Information technology | $37,377 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $559,227 |
| Interest | $619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,098 |
| All other expenses | $0 |
| Total functional expenses | $3,184,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $320,457 |
| 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 | $4,595 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,305 |
| Accounts payable and accrued expenses | $111,163 |
| 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 | $9,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,730 |
| Net assets without donor restrictions | $447,575 |
| Net assets with donor restrictions | $60,000 |
| 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 | $628,305 |