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Nonprofiteer
← HEROES FOUNDATION INC

Form 990 for tax year 2022

Filed by HEROES FOUNDATION INC.

Totals

Total revenue
$617,801
Total expenses
$515,370
Contributions and grants received
$378,512
Grants paid
$298,250
Program service revenue
$2,289
Investment income
$24,714
Other revenue
$212,286
Total assets, end of year
$1,776,476
Total liabilities, end of year
$2,720
Net assets or fund balances, end of year
$1,773,756
Program services expenses (Part IX)
$335,310
Management and general expenses
$180,060
Fundraising expenses
$0
Program service expenses (Part III)
$335,310

Program services were 65.1% 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.

  • 1c · Fundraising events

    $275,842

  • 1f · All other contributions, gifts and grants

    $102,670

  • 2a · Program service revenue: Apparel sales

    total $2,289

  • 3 · Investment income

    total $24,714

  • 8a · Fundraising events: gross income

    $478,731

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

    $275,842

  • 8b · Fundraising events: direct expenses

    $266,445

  • 8c · Net income from fundraising events

    total $212,286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $298,250 · program services $298,250

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $120,019 · management and general $120,019

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $9,516 · management and general $9,516

  • 11a · Fees: management

    total $20,425 · management and general $20,425

  • 11b · Fees: legal

    total $3,030 · management and general $3,030

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $952 · management and general $952

  • 13 · Office expenses

    total $1,420 · management and general $1,420

  • 14 · Information technology

    total $9,833 · management and general $9,833

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $8,727 · program services $8,727

  • 17 · Travel

    total $64 · management and general $64

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $395 · management and general $395

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $4,142 · management and general $4,142

  • 24a · Other expenses: Licenses and fees

    total $1,606 · program services $184 · management and general $1,422

  • 24b · Other expenses: Purchases

    total $35,588 · program services $28,149 · management and general $7,439

  • 24c · Other expenses: Supplies

    total $1,245 · management and general $1,245

  • 24d · Other expenses: Payroll direct deposit fees

    total $158 · management and general $158

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,803 · end of year $47,418

  • 2 · Savings and temporary cash investments

    beginning of year $592,826 · end of year $482,534

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

    $35,098

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

    $35,098

  • 11 · Investments: publicly traded securities

    beginning of year $1,227,325 · end of year $1,246,524

  • 25 · Other liabilities

    beginning of year $2,821 · end of year $2,720

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,870,133 · end of year $1,773,756

Mission and programs · 2022

Mission

To provide meaningful support to cancer patients, education to promote cancer prevention and resources to advance research for a cure.

  • 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.

    Expenses $288,250 · Grants $288,250

  • 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.

    Expenses $31,656 · Revenue $18,885

  • Team Joey supports pediatric cancer research projects within the Indiana University School of Medicine, as well as delivering Lego toys to pediatric cancer patients.

    Expenses $10,004 · Grants $10,000 · Revenue $130

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelly Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $63,692
    From this org
    $63,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Cindy Todd

    PROGRAM EVENT MGR

    Total calculated
    $52,000
    From this org
    $52,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Vince Todd Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15
  • Joseph Todd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bryan Babb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kelly Canada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Dr Jason Schaffer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Emily Lefebvre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Catherine Todd

    BOARD MEMEBER

    Total calculated
    $0
    Hours/week
    1
  • Amy Frizzell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bob Treash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Julie Otte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • James Hinshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andru Creighton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kara Clinton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Abdalla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Loren Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fred Yeakey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chris Hendricks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ryan Doyle

    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.

Grants on this return

  • Indiana University Foundation

    $110,000

    Cancer research

  • The University of Notre Dame

    $100,000

    Cancer research

  • Purdue University

    $30,000

    Womens Global Health Institute

  • IU Health Foundation

    $30,000

    Complete Life First Mondays and Art Show

  • Community Health Network Foundation

    $15,000

    Cancer patient assistance fund

  • Indiana University Foundation

    $10,000

    Andrew S. Hipskind Memorial Scholarship

  • Pink-4-Ever Ending Disparities

    $3,000

    Breast Health Summit

  • Leukemia & Lymphoma Society

    $250

    Contribution

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349326281

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