31heroes Projects EIN 45-3581265

31heroes Projects FY2020 filing

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Honors fallen heroes by raising funds and awareness to support their families and treat TBI/PTSD. For fiscal year 2020 it reported $151K in revenue, $222K in expenses, and $-54K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Virginia Beach, VA
Website
www.31heroes.com
Filings
5 on file (2020–2020)
Revenue
$151KFY2020
Expenses
$222K
Net assets
$-54K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3581265 Public charity (501(c)(3)) Virginia Beach, VA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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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 · $70K
Money in and out
$151K revenue, $222K expenses
Bottom line
89% program efficiency
Where the money goes · FY2020
Total revenue
$151K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$-54K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$72K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.08 Fundraising $0.03
Program efficiency
89%
of spending reaches programs
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-48%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$151K
FY2020
Expenses
$222K
FY2020
Total assets
$40K
FY2020
Total liabilities
$94K
FY2020
Total revenue
$151K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$-54K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$72K
Total assetsPt X · Ln 16$40K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $197K of program spending, described in the organization's own filed words · FY2020.
01

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

$79Kprogram expense
02

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.

$77Kprogram expense
03

Memorial Beach Challenge

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

$41Kprogram 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 1a7
Independent voting membersPt VI · Ln 1b6
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
$70,000Pt 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$67K · 45%
Contributions & grants$63K · 42%
Other revenue$21K · 14%
Program service revenue45%$67K
Contributions & grants42%$63K
Other revenue14%$21K
Investment income$5
— government grantsLn 1e$16K
Total revenueLn 12$151K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.08 Fundraising $0.03
Program services89%$197K
Management & general8%$17K
Fundraising3%$8K
Total functional expensesLn 25$222K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$40K
Total liabilitiesLn 26$94K
Total net assetsLn 32$-54K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $222K
2.1 months
Where the money goes
Program services
Program services $197K · Total expenses $222K
89%
Management & General
Management & general $17K · Total expenses $222K
8%
Fundraising
Fundraising $8K · Total expenses $222K
3%
Cost to raise $1
Fundraising expense $8K · Solicited contributions $46K
$0.16 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $63K · Total revenue $151K
42%
Government reliance
Government grants $16K · Total revenue $151K
11%
Earned-income share
Program service revenue $67K · Total revenue $151K
45%
Investment reliance
Investment income $5 · Total revenue $151K
<0.01%
Program self-sufficiency
Program service revenue $67K · Total expenses $222K
30%
Growth & trend
Revenue growth (YoY)
This year $151K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $151K · Expenses $222K
-48%
Liabilities-to-Assets
Total liabilities — · Total assets $40K
Net-asset ratio
Net assets $-54K · Total assets $40K
-134%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $40K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Arnone · Reported title Executive Director · Highest reported compensation $70K · Total expenses $222K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $84K · Total expenses $222K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 8%
Fundraising cost ratio 12%
Legal fee ratio 0.5%
Accounting fee ratio 10%

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 · ⤓ 990 PDF
FY2023$313K revenue · ⤓ 990 PDF
FY2022$285K revenue · ⤓ 990 PDF
FY2021$329K revenue · ⤓ 990 PDF
FY2020$151K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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