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Nonprofiteer
← INFINITE HERO FOUNDATION

Form 990 for tax year 2023

Filed by INFINITE HERO FOUNDATION.

Totals

Total revenue
$658,829
Total expenses
$622,577
Contributions and grants received
$410,751
Grants paid
$230,000
Program service revenue
$0
Investment income
$70
Other revenue
$248,008
Total assets, end of year
$929,522
Total liabilities, end of year
$2,372
Net assets or fund balances, end of year
$927,150
Program services expenses (Part IX)
$304,982
Management and general expenses
$79,389
Fundraising expenses
$238,206
Program service expenses (Part III)
$304,982

Program services were 49.0% 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.

  • 1c · Fundraising events

    $55,060

  • 1f · All other contributions, gifts and grants

    $355,691

  • 1g · Noncash contributions included above

    $55,060

  • 3 · Investment income

    total $70 · excluded $70

  • 5 · Royalties

    total $1,318 · excluded $1,318

  • 8a · Fundraising events: gross income

    $301,750

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

    $55,060

  • 8b · Fundraising events: direct expenses

    $55,060

  • 8c · Net income from fundraising events

    total $246,690 · excluded $246,690

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $230,000 · program services $230,000

  • 7 · Other salaries and wages

    total $68,584 · program services $6,930 · fundraising $61,654

  • 10 · Payroll taxes

    total $5,467 · program services $552 · fundraising $4,915

  • 11a · Fees: management

    total $236,777 · program services $67,500 · management and general $65,197 · fundraising $104,080

  • 12 · Advertising and promotion

    total $14,487 · management and general $1,240 · fundraising $13,247

  • 17 · Travel

    total $20,266 · management and general $2,295 · fundraising $17,971

  • 24a · Other expenses: SUPPLIES & MATERIALS

    total $31,497 · management and general $5,638 · fundraising $25,859

  • 24b · Other expenses: OTHER

    total $13,486 · management and general $3,507 · fundraising $9,979

  • 24c · Other expenses: FACILITY & EQUIPMENT

    total $2,013 · management and general $1,512 · fundraising $501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,486 · end of year $49,963

  • 2 · Savings and temporary cash investments

    beginning of year $169,161 · end of year $119,229

  • 4 · Accounts receivable

    beginning of year $44,340 · end of year $283,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $330,000 · end of year $474,840

  • 14 · Intangible assets

    beginning of year $2,000 · end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,089 · end of year $2,372

  • 27 · Net assets without donor restrictions

    beginning of year $890,898 · end of year $927,150

Mission and programs · 2023

Mission

THE FOUNDATION FUNDS PROGRAMS THAT INCREASE THE AVAILABILITY OF CRITICAL MENTAL AND PHYSICAL HEALTH SERVICES AND INVESTS IN INNOVATIVE PROGRAMS AND THERAPIES TO ACCELERATE REHABILITATION AND RECOVERY.

Activities or mission (Part I)

SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.

  • THE FOUNDATION RAISES PUBLIC AWARENESS OF ITS MISSION, AND SOLICITS CONTRIBUTIONS, AT PUBLIC AND CHARITY EVENTS AND THROUGH TRADITIONAL COMMUNICATIONS CHANNELS AS WELL AS THROUGH ITS WEBSITE (WWW.INFINITEHERO.ORG) AND THE USE OF SOCIAL MEDIA. THE FOUNDATION ALSO WORKS WITH CORPORATE PARTNERS TO SPREAD AWARENESS TO THEIR CONSUMERS AND SOCIAL MEDIA FOLLOWERS. FROM TIME TO TIME THE FOUNDATION ALSO HOLDS CHARITY EVENTS, INTIIALLY IN SOUTHERN CALIFORNIA. GIVEN THE PROXIMITY TO MILITARY INSTALLATIONS SUCH AS THE NAVAL BASE IN SAN DIEGO, CAMP PENDLETON, AND THE LOS ANGELES AIR FORCE BASE, THE FOUNDATION BELIEVES THIS AREA IS AN IDEAL ENVIRONMENT IN WHICH TO RAISE PUBLIC AWARENESS OF THE NEED TO SUPPORT, AND TO PROMOTE ACTIVITIES DESIGNED TO SUPPORT, MILITARY PERSONNEL.IN ADDITION, BECAUSE THE FOUNDATION EXPECTS THAT ITS NAME, LOGO AND TRADE DRESS (THE "IHF MARKS") WILL BE ASSOCIATED WITH ITS MISSION STATEMENT, THE FOUNDATION INTENDS TO LICENSE THE IHF MARKS TO CORPORATE PARTNERS, USUALLY IN EXCHANGE FOR A DONATION TO THE FOUNDATION OF A PORTION OF THE PROCEEDS FROM THE SALE OF SUCH PRODUCTS USING THE IHF MARKS.THE FOUNDATION IS COMMITTED TO DEDICATING ITS RESOURCES AND PROPERTY FOR THE BENEFICIAL USE OF CHARITABLE CAUSES CONSISTENT WITH ITS MISSION STATEMENT. THE FOUNDATION'S PROGRAM SERVICES PRINCIPALLY CONSIST OF SUPPORT GRANTS IT MAKES TO SPECIALLY SELECTED NONPROFIT ORGANIZATIONS TO FUND PROGRAMS THAT DIRECTLY BENEFIT OUR MILITARY HEROES AND THEIR FAMILIES AND TO PROMOTE THE DEVELOPMENT OF INNOVATIVE REHABILITATIVE PROGRAMS AND THERAPIES. SINCE ITS INCEPTION, THE FOUNDATION HAS MADE GRANTS TOTALING $5,030,000 IN FURTHERANCE OF ITS MISSION.IN 2014, THE FOUNDATION CONDUCTED THE VETERANS INNOVATION SUMMIT FOR INVESTING AND TECHNOLOGY (VISIT) TO PROPEL INNOVATION, ACCESSIBILITY AND COLLABORATION AMONG ORGANIZATIONS COMBATING THE MOST CRITICAL ISSUES FACING THE RETURNING MILITARY COMMUNITY. THE EVENT FEATURED PROMINENT PANELISTS AND ATTENDEES IN A DIALOGUE ABOUT HOW TO BEST SERVE OUR VETERANS WITH CUTTING-EDGE TECHNOLOGY, NOVEL THERAPIES AND PROGRESSIVE THINKING.

    Expenses $304,982 · Grants $230,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Colin Baden

    PRESIDENT AND FOUNDER

    Total calculated
    $0
    Hours/week
    2

  • Colonel Robert J Coates Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas E Davin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lewis Runnion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jackie Ferrari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Philip Rizzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin R Collins

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Erick Poston

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cole Morgan

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413129349302856

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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