Forgotten Heroes Foundation
- Assets
- $983.7k
- Revenue
- $495.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2801216
Organization Overview
Forgotten Heroes Foundation is located in Chesapeake, VA. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forgotten Heroes 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 12/2022, Forgotten Heroes Foundation generated $495.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $228.2k during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE STUDENTS EDUCATIONAL OPPORTUNITIES IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS ("STEM"), ALL WITH AN EMPHASIS ON AVIATION. THE FOUNDATION WILL WORK CLOSELY WITH LOCAL SCHOOLS AND COMMUNITY ORGANIZATIONS TO ACQUAINT THEM WITH ITS PROGRAMS THROUGH EMAILS, PHONE CALLS, BROCHURES, AND PERSONAL BRIEFINGS.
THE FOUNDATION WILL HOST LECTURES ON VARIOUS STEM DISCIPLINES BY FOUNDATION VOLUNTEERS WITH SPECIFIC SUBJECT MATTER EXPERTISE. THESE LECTURES MAY COVER GENERAL STEM TOPICS SUCH AS WEATHER, AERODYNAMICS, COMPUTER PROGRAMMING, AND RADIO COMMUNICATIONS, AS WELL AS AVIATIONFOCUSED TOPICS SUCH AS THE SCIENTIFIC PRINCIPLES OF FLIGHT, THE TECHNOLOGY OF FLIGHT, AND THE ENGINEERING AND MATHEMATICS OF FLIGHT. THE FOUNDATION MAY ALSO OFFER LECTURES FOCUSING ON SPECIFIC HISTORICAL AIRCRAFT, FORGOTTEN HEROES, LOCATIONS, AND EVENTS. LECTURES WILL BE OFFERED FOR TEACHERS, COMMUNITY LEADERS, STUDENTS, AND THE COMMUNITIES IN WHICH THE STUDENTS LIVE, AS APPROPRIATE. LECTURES MAY BE DESIGNED TO ENRICH THE LIMITED CURRICULUM OFFERED IN SCHOOLS.
THE FOUNDATION WILL OFFER WORKSHOPS FOR MIDDLE SCHOOL STUDENTS AND THE COMMUNITY WHERE GROUPS WILL SPEND HANDS-ON TIME WITH THE HISTORICAL AIRCRAFT AND VOLUNTEERS WILL EXPLAIN THE SCIENCE BEHIND THE AIRCRAFT. STUDENTS WILL MOVE THE AIRCRAFT, EXAMINE THE VARIOUS SURFACES, AND PERFORM EXERCISES RELATED TO FLIGHT, NAVIGATION, AND MAINTENANCE. BY BRINGING STUDENTS INTO CLOSE CONTACT WITH HISTORICAL AIRCRAFT AND MILITARY AVIATORS (RETIRED AND/OR ACTIVE-DUTY), THE LESSONS WILL COME ALIVE AND PROVIDE CONTEXT FOR THE GENERAL STEM PRINCIPLES THE STUDENTS LEARN IN SCHOOL. THESE ACTIVE LEARNING STRATEGIES WILL HELP INCREASE STUDENT ENGAGEMENT AND PROMOTE COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Collado President | 15 | $0 | |
Katherine Diaz Treasurer | 1 | $0 | |
Cdr Micah Lenox Executive Vice President | 1 | $0 | |
Cdr Sean Cushing Vice President Of External | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $469,016 |
| Interest on Savings | $19 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,554 |
| Net Gain on Sale of Assets | $20,906 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $78,347 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,155 |
| Total operating and administrative expenses | $228,152 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $228,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,922 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $768,748 |
| Total assets | $983,670 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |