31heroes Projects EIN 45-3581265

31heroes Projects

EIN  45-3581265 Public charity (501(c)(3)) Virginia Beach, VA
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Size
$100K–1M
What they do
Honors fallen heroes by raising funds and awareness to support their families and treat TBI/PTSD.
Leadership
Jill Arnone · Executive Director · $77K
Money in and out
$246K revenue, $262K expenses
Bottom line
90% program efficiency

Honors fallen heroes by raising funds and awareness to support their families and treat TBI/PTSD. For fiscal year 2024 it reported $246K in revenue, $262K in expenses, and $-93K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$246K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$-93K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.02
Program efficiency
90%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate▲ +23% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -147% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$246K
FY2024▼ -22%
Expenses
$262K
FY2024▼ -2%
Total assets
$35K
FY2024▲ +19%
Total liabilities
$128K
FY2024▲ +21%
Total revenue
$246K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$-93K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$35K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $204K of program spending, described in the organization's own filed words · FY2024.
01

Memorial Beach Challenge

The main Obstacle Course Challenge event is a soft-sand adventure racefeaturing Navy SEAL-approved obstacles.

$89Kprogram expense
02

31Miles for 31Heroes is a 31 mile ruck to honor the lives of the heroes of Extortion 17.

$63Kprogram expense
03

Funds raised from 31 heroes work out of the day support the family of the 31 americans killed in action in afghanistan on august 6, 2011.

$52Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C31heroes Projects
EINHdr · item D45-3581265
Principal addressHdr · item CVirginia Beach, VA
WebsiteHdr · item Jwww.31heroes.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJan 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$77,000Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jill Arnone’s $77K as Executive Director is at the 68th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jill Arnone$77,000$77,000$76,125$70,000$70,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$210K · 85%
Contributions & grants$36K · 15%
Program service revenue85%$210K
Contributions & grants15%$36K
Investment income$4
Total revenueLn 12$246K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.02
Program services90%$236K
Management & general7%$19K
Fundraising2%$7K
Total functional expensesLn 25$262K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$35K
Total liabilitiesLn 26$128K
Total net assetsLn 32$-93K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $262K
1.6 months
Where the money goes
Program services
Program services $236K · Total expenses $262K
90%
Management & General
Management & general $19K · Total expenses $262K
7%
Fundraising
Fundraising $7K · Total expenses $262K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $50K
$0.24 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $246K
15%
Government reliance
Government grants — · Total revenue $246K
Earned-income share
Program service revenue $210K · Total revenue $246K
85%
Investment reliance
Investment income $4 · Total revenue $246K
0%
Program self-sufficiency
Program service revenue $210K · Total expenses $262K
80%
Growth & trend
Revenue growth (YoY)
This year $246K · Prior year $313K
-22%
Revenue CAGR
FY2020 $151K · FY2024 $246K
+13%
Net-asset trend (YoY)
End of year $-93K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $246K · Expenses $262K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $35K
Net-asset ratio
Net assets $-93K · Total assets $35K
-267%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $35K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Arnone · Reported title Executive Director · Highest reported compensation $77K · Total expenses $262K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $92K · Total expenses $262K
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 18%
Revenue growth -22%
Legal fee ratio 0%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$45K
Grants paid · 12 grants · $227K · 2020–2023
Unitemized GrantFY2023$17,070
Unitemized GrantFY2023$16,779
Unitemized GrantFY2023$10,330
Unitemized GrantFY2022$19,537
Unitemized GrantFY2022$18,933
Unitemized GrantFY2022$12,483
Unitemized GrantFY2021$31,331
Unitemized GrantFY2021$29,554
Unitemized GrantFY2021$18,135
Unitemized GrantFY2020$28,291
Unitemized GrantFY2020$12,817
Unitemized GrantFY2020$11,315

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$246K revenue · viewing · ⤓ 990 PDF
FY2023$313K revenue · ⤓ 990 PDF
FY2022$285K revenue · ⤓ 990 PDF
FY2021$329K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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