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Checkered Flag Run Foundation

Tax-deductible

Scottsdale, AZ501(c)(3)Education EIN 46-3395934Revenue $197K in FY2024

On file with the IRSherozona.org16413 N 91st St Bldg C100, 85260-3074 · Scottsdale, AZTax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Mission: the mission of Checkered Flag Run Foundation (DBA herozona Foundation) is to provide diverse educational programs that impact under-served students and veterans. Herona Foundation we are a non-profit organization that empowers our heroes in the community through entrepreneurship, employment, and education. We work with veterans, first responders and those that bring social good to our future generations and under-served communities. Missions statement our mission is to create and empower heroes in our communities. Vision statement build stronger communities through heroes with integrity and passion. Objectives: 1. Develop and invest in education, specific to school readiness tools, and multiple career pathways to increase career aspiration that drive arizona's workforce. 2. Raise awareness and increase student, and parent knowledge and involvement in diverse educational opportunities that have a positive and impact on educational attainment. 3. Promote diverse learning experie

501(c)(3) charity; gifts are tax-deductible.
1¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
1%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$197K
Spent
$354K
To programs
1%
Net assets
$36K
By yearFY2020–FY2024
Revenue
$197K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$1.1M
FY2022$763K
FY2023$0
FY2024$197K
Expenses
$354K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020$354K
FY2021$872K
FY2022$564K
FY2023$0
FY2024$354K
Net assets
$36K
FY2024▼ -91%
Tap a bar for its year
Net assets by fiscal year
FY2020−$14K
FY2021$199K
FY2022$398K
FY2023$398K
FY2024$36K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $5K Management & general 70% · $247K Fundraising 29% · $102K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Aaron D Bare
Vice-Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Heath McCarter
Board Member
$0Pt VII · Sec A
Alan Powell
Chairman
$0Pt VII · Sec A
Dennis E Prince
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Checkered Flag Run Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underserved students and veterans through diverse educational programs, entrepreneurship, and employment.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Herozona foundation we are a non-profit organization that empowers our heroes in the community through entrepreneurship, employment, and education. We work with veterans, first responders and those that bring social good to our future generations and under-served communities.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Arizona Diamondbacks Foundation INCFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$197K
Ln 12
Gifts and grantsLn 1h$197K
Money outPt IX
$354K
Ln 25
Programscol B$5K
Managementcol C$247K
Fundraisingcol D$102K
Owns and owesPt X
$36K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$60K
LiabilitiesLn 26$24K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$197K
Total revenueLn 12$197K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$20K
Total assetsLn 16$60K
LiabilitiesLn 26$24K
Net assetsLn 32$36K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$175K$22K
Land, buildings, equipmentLn 10c$23K$18K
Total assetsLn 16$218K$60K
LiabilitiesLn 26$24K$24K
Net assetsLn 32$194K$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$135K$33K$102K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$178K$178K
All other expensesLn 24e$59$59
Total functional expensesLn 25$354K$5K$247K$102K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $197K$354K−$158K$36K 990 PDF
FY2023 $0$0$0$398K 990 PDF
FY2022 $763K$564K$199K$398K 990 PDF
FY2021 $1.1M$872K$213K$199K 990 PDF
FY2020 $315K$354K−$39K−$14K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $196,642 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $509,746$196,642
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $509,746$196,642
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $23,124$0
I-17 Other expensesPrior year $601,246$354,484
I-18 Total expensesPrior year $624,370$354,484
I-19 Revenue less expensesPrior year −$114,624−$157,842
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $196,642 across 3 lines filed
VIII-1f All other contributions, gifts and grants$196,642
VIII-1h Total contributions, gifts and grants$196,642
VIII-12 Total revenue$196,642
Part IX · Statement of functional expenses $354,484 across 7 lines filed
IX-11g Other fees for servicesManagement $10,300$10,300
IX-12 Advertising and promotionManagement $24,042$24,042
IX-13 Office expensesManagement $33,041 · Fundraising $102,347$135,388
IX-22 Depreciation, depletion and amortizationPrograms $4,800$4,800
IX-23 InsuranceManagement $2,005$2,005
IX-24 Other expenses (24a–d)Management $177,890$177,890
IX-24e All other expensesManagement $59$59
IX-25 Total functional expensesPrograms $4,800 · Management $247,337 · Fundraising $102,347$354,484
Part X · Balance sheet $60,287 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $175,429$22,387
X-10c Land, buildings and equipment, netStart of year $23,200$18,400
X-15 Other assetsStart of year $19,500$19,500
X-16 Total assetsStart of year $218,129$60,287
X-25 Other liabilitiesStart of year $23,867$23,867
X-26 Total liabilitiesStart of year $23,867$23,867
X-27 Net assets without donor restrictionsStart of year $194,262$36,420
X-32 Total net assets or fund balancesStart of year $194,262$36,420
X-33 Total liabilities and net assetsStart of year $218,129$60,287
Part XI · Reconciliation of net assets $36,420 net assets at year end
XI-1 Total revenue$196,642
XI-2 Total expenses$354,484
XI-3 Revenue less expenses−$157,842
XI-4 Net assets at start of year$194,262
XI-10 Net assets at end of year$36,420

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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