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Nonprofiteer
← HEROES INC

Form 990 for tax year 2024

Filed by HEROES INC.

Totals

Total revenue
$2,778,807
Total expenses
$1,316,335
Contributions and grants received
$938,954
Grants paid
$321,872
Program service revenue
$0
Investment income
$1,897,721
Other revenue
-$57,868
Total assets, end of year
$30,736,136
Total liabilities, end of year
$150,557
Net assets or fund balances, end of year
$30,585,579
Program services expenses (Part IX)
$962,406
Management and general expenses
$343,566
Fundraising expenses
$10,363
Program service expenses (Part III)
$962,406

Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $10,619

  • 1b · Membership dues

    $24,000

  • 1c · Fundraising events

    $212,302

  • 1f · All other contributions, gifts and grants

    $692,033

  • 1g · Noncash contributions included above

    $21,409

  • 3 · Investment income

    total $537,272 · excluded $537,272

  • 7a · Gross sales of assets other than inventory

    securities $6,966,942

  • 7b · Less cost or other basis and sales expenses

    securities $5,606,493

  • 7c · Gain or loss

    securities $1,360,449

  • 7d · Net gain or loss

    total $1,360,449 · excluded $1,360,449

  • 8a · Fundraising events: gross income

    $32,000

  • 8a · Fundraising events: contributions included on line 1c

    $212,302

  • 8b · Fundraising events: direct expenses

    $110,581

  • 8c · Net income from fundraising events

    total -$78,581 · excluded -$78,581

  • 9a · Gaming: gross income

    $20,713

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $20,713 · excluded $20,713

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $321,872 · program services $321,872

  • 5 · Compensation of officers, directors and key employees

    total $316,576 · program services $265,925 · management and general $47,487 · fundraising $3,164

  • 7 · Other salaries and wages

    total $54,246 · program services $45,566 · management and general $8,136 · fundraising $544

  • 8 · Pension plan contributions

    total $1,680 · program services $1,411 · management and general $252 · fundraising $17

  • 10 · Payroll taxes

    total $20,812 · program services $17,482 · management and general $3,122 · fundraising $208

  • 11c · Fees: accounting

    total $13,173 · management and general $13,173

  • 11f · Fees: investment management

    total $122,691 · management and general $122,691

  • 11g · Fees: other

    total $9,095 · management and general $6,933 · fundraising $2,162

  • 13 · Office expenses

    total $53,578 · program services $45,002 · management and general $8,041 · fundraising $535

  • 14 · Information technology

    total $88,505 · program services $14,380 · management and general $73,954 · fundraising $171

  • 16 · Occupancy

    total $204,293 · program services $171,606 · management and general $30,644 · fundraising $2,043

  • 19 · Conferences, conventions and meetings

    total $2,415 · program services $2,029 · management and general $362 · fundraising $24

  • 22 · Depreciation, depletion and amortization

    total $5,966 · management and general $5,966

  • 23 · Insurance

    total $18,764 · program services $15,762 · management and general $2,814 · fundraising $188

  • 24a · Other expenses: Trademark protections

    total $71,022 · program services $59,659 · management and general $10,653 · fundraising $710

  • 24b · Other expenses: Other Expenses

    total $11,647 · program services $1,712 · management and general $9,338 · fundraising $597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,171 · end of year $467,469

  • 3 · Pledges and grants receivable

    beginning of year $4,900 · end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,529 · end of year $16,045

  • 10a · Land, buildings and equipment: cost or other basis

    $58,795

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,929

  • 10c · Land, buildings and equipment, net

    beginning of year $11,932 · end of year $15,866

  • 11 · Investments: publicly traded securities

    beginning of year $26,445,616 · end of year $30,083,882

  • 15 · Other assets

    beginning of year $268,896 · end of year $142,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,152 · end of year $26,682

  • 25 · Other liabilities

    beginning of year $303,613 · end of year $123,875

  • 27 · Net assets without donor restrictions

    beginning of year $26,676,379 · end of year $30,575,579

  • 28 · Net assets with donor restrictions

    beginning of year $4,900 · end of year $10,000

Mission and programs · 2024

Mission

HEROES' singular goal is to honor the supreme sacrifice made by law enforcement officers and firefighters who give their lives in the line of duty while ensuring the safety of citizens in the greater Washington area. We honor these fallen heroes by assisting their spouses and children, beginning within 24 hours of the tragic loss and continuing indefinitely.

Activities or mission (Part I)

Assisting officers' families within 24 hours of the tragic loss & continuing indefinitely.

  • 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.

    Expenses $549,015 · Grants $177,506

  • Scholarship Program: Under the Scholarship program, HEROES provides college scholarships to the children of deceased law enforcement officers and firefighters.

    Expenses $413,391 · Grants $144,366

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John R Nichols

    President

    Total calculated
    $316,576
    From this org
    $298,670
    From related orgs
    $0
    Other
    $17,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,670
    Bonus
    $30,000
    Other
    $0
    Deferred
    $10,747
    Nontaxable benefits
    $7,159
    Filer's total
    $316,576

  • Michael Farr

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • Kevin Virostek

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Michelle Hagans

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • David Julyan

    General Counsel

    Total calculated
    $0
    Hours/week
    2

  • Cherrie Doggett

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Chris Andreaus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bob Branson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gary Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Linda Rabbitt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Don Harlan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Vince Burke

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Chris Bruch

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Roy Kapani

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brett McMahon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert Ourisman Jr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kristine Wanner

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202511229349301406

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