Heroes INC: Nonprofit Profile, Financials & Form 990 (EIN 52-6057916)

John R Nichols’s $299K as President is at the 97th percentile of top reported officer pay among 1147 $1–10M crime & legal 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 · 3 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
John R Nichols	$298,670	$298,670	—	—	$292,610	$300,129
John Nichols	—	—	$293,670	$293,670	—	—
Heather L Pace	$104,340	—	—	—	—	—

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.

See Heroes INC executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides immediate and ongoing support to law enforcement families after a tragedy.

Questions for Heroes INC

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2 programs · $1.0M · in their own filed words · FY2025

01

Widows & Family Benefits Program

Under the Widows & Family Benefit Program, HEROES provides financial assistance to the immediate family members of a deceased law enforcement officer and firefighters in the greater Washington area.

$621Kprogram expense

02

Scholarship Program

Under the Scholarship program, HEROES provides college scholarships to the children of deceased law enforcement officers and firefighters.

$415Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Robert Trent Jones Golf Club Charitable FoundationFY2025$10K

Total grants receivedfrom 1 funder$10K

Grants paid · 19 grants · $2.8M · 2020–2025

Unitemized GrantFY2025$209,344

Unitemized GrantFY2025$116,781

Unitemized GrantFY2024$177,506

Unitemized GrantFY2024$144,366

Unitemized GrantFY2023$151,499

Unitemized GrantFY2023$37,523

Unitemized GrantFY2023$31,100

Unitemized GrantFY2023$10,000

Unitemized GrantFY2022$156,872

Unitemized GrantFY2022$46,060

Unitemized GrantFY2022$35,100

Unitemized GrantFY2022$35,000

Unitemized GrantFY2022$20,000

Unitemized GrantFY2021$494,985

Unitemized GrantFY2021$180,367

Unitemized GrantFY2021$48,000

Unitemized GrantFY2020$453,401

Unitemized GrantFY2020$389,293

See all 19 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.4M

Ln 12

Investment incomeLn 3$1.7M

Gifts and grantsLn 1h$818K

Money outPt IX

$1.4M

Ln 25

Programscol B$1.0M

Managementcol C$341K

Fundraisingcol D$9K

Owns and owesPt X

$32.9M

net assets · Ln 32

Cash and savingsLn 1–2$324K

Total assetsLn 16$34.2M

LiabilitiesLn 26$1.3M

PeoplePt VI, VII

18

listed · VII A

PaidVII A2

Voting boardVI 1a17

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$818K

Noncash giftsLn 1g$21K

Fundraising eventsLn 1c$272K

Investment incomeLn 3$1.7M

Gains on assetsLn 7$1.1M

Total revenueLn 12$2.4M

Assets in detailPt X, end of year

CashLn 1$324K

Cash and savings togetherLn 1–2$324K

InvestmentsLn 11–13$32.1M

Land, buildings, equipmentLn 10c$889K

Other assetsLn 15$945K

Total assetsLn 16$34.2M

LiabilitiesLn 26$1.3M

Net assetsLn 32$32.9M

OperationsPt I, VI

EmployeesI 52

VolunteersI 650

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$467K	$324K
InvestmentsLn 11–13	$30.1M	$32.1M
Land, buildings, equipmentLn 10c	$16K	$889K
Total assetsLn 16	$30.7M	$34.2M
LiabilitiesLn 26	$151K	$1.3M
Net assetsLn 32	$30.6M	$32.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$326K	$326K
Pay of current officers, directors and key staffLn 5	$316K	$265K	$47K	$3K
Other salaries and wagesLn 7	$96K	$81K	$14K	$964
Pension plan contributionsLn 8	$4K	$3K	$564	$38
Payroll taxesLn 10	$27K	$22K	$4K	$267
Accounting feesLn 11c	$15K		$15K
Investment management feesLn 11f	$119K		$119K
Office expensesLn 13	$100K	$90K	$9K	$1K
Information technologyLn 14	$94K	$12K	$82K	$141
OccupancyLn 16	$155K	$131K	$23K	$2K
Conferences, conventions and meetingsLn 19	$8K	$6K	$1K	$75
Depreciation, depletion and amortizationLn 22	$35K	$29K	$5K	$345
InsuranceLn 23	$22K	$18K	$3K	$219
Other expenses (24a–d)Ln 24	$69K	$52K	$17K	$1K
Total functional expensesLn 25	$1.4M	$1.0M	$341K	$9K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Apr 21, 2026	$2.4M	$1.4M	$1.0M	$32.9M	990 PDF
FY2024Filed with the IRS May 2, 2025	$2.8M	$1.3M	$1.5M	$30.6M	990 PDF
FY2023Filed with the IRS Apr 25, 2024	$1.1M	$1.3M	−$196K	$26.7M	990 PDF
FY2022Filed with the IRS Apr 24, 2023	$388K	$1.2M	−$775K	$22.1M	990 PDF
FY2021Filed with the IRS Jun 9, 2022	$2.0M	$1.6M	$382K	$26.8M	990 PDF
FY2020Filed with the IRS Apr 20, 2021	$728K	$1.7M	−$994K	$23.3M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $2,411,269 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $938,954$817,532

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,897,721$1,663,928

I-11 Other revenuePrior year −$57,868−$70,191

I-12 Total revenuePrior year $2,778,807$2,411,269

I-13 Grants and similar amounts paidPrior year $321,872$326,125

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $393,314$442,699

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $601,149$616,730

I-18 Total expensesPrior year $1,316,335$1,385,554

I-19 Revenue less expensesPrior year $1,462,472$1,025,715

Part VI · Governance 16 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members16

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,411,269 across 11 lines filed

Lines not itemized here account for $21,460 of total revenue; see the IRS return.

VIII-1a Federated campaigns$8,348

VIII-1b Membership dues$18,693

VIII-1c Fundraising events$272,165

VIII-1f All other contributions, gifts and grants$518,326

VIII-1g Noncash contributions (included above)$21,002

VIII-1h Total contributions, gifts and grants$817,532

VIII-3 Investment incomeExcluded from tax $578,770$578,770

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,085,158$1,085,158

VIII-8 Net income from fundraising eventsExcluded from tax −$105,210−$105,210

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,559$13,559

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,593,737$2,411,269

Part IX · Statement of functional expenses $1,385,554 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $326,125$326,125

IX-5 Pay of current officers, directors and key staffPrograms $265,279 · Management $47,360 · Fundraising $3,158$315,797

IX-7 Other salaries and wagesPrograms $81,016 · Management $14,478 · Fundraising $964$96,458

IX-8 Pension plan contributionsPrograms $3,154 · Management $564 · Fundraising $38$3,756

IX-10 Payroll taxesPrograms $22,418 · Management $4,003 · Fundraising $267$26,688

IX-11c Accounting feesManagement $15,420$15,420

IX-11f Investment management feesManagement $119,020$119,020

IX-13 Office expensesPrograms $89,660 · Management $9,425 · Fundraising $1,068$100,153

IX-14 Information technologyPrograms $11,847 · Management $81,626 · Fundraising $141$93,614

IX-16 OccupancyPrograms $130,512 · Management $23,306 · Fundraising $1,554$155,372

IX-19 Conferences, conventions and meetingsPrograms $6,333 · Management $1,131 · Fundraising $75$7,539

IX-22 Depreciation, depletion and amortizationPrograms $29,014 · Management $5,181 · Fundraising $345$34,540

IX-23 InsurancePrograms $18,342 · Management $3,276 · Fundraising $219$21,837

IX-24 Other expenses (24a–d)Programs $51,562 · Management $16,587 · Fundraising $1,086$69,235

IX-25 Total functional expensesPrograms $1,035,262 · Management $341,377 · Fundraising $8,915$1,385,554

Part X · Balance sheet $34,213,156 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $467,469$323,799

X-3 Pledges and grants receivableStart of year $10,000$0

X-9 Prepaid expenses and deferred chargesStart of year $16,045$2,250

X-10c Land, buildings and equipment, netStart of year $15,866$889,098

X-11 Publicly traded securitiesStart of year $30,083,882$32,052,861

X-15 Other assetsStart of year $142,874$945,148

X-16 Total assetsStart of year $30,736,136$34,213,156

X-17 Accounts payable and accrued expensesStart of year $26,682$9,760

X-25 Other liabilitiesStart of year $123,875$1,340,105

X-26 Total liabilitiesStart of year $150,557$1,349,865

X-27 Net assets without donor restrictionsStart of year $30,575,579$32,863,291

X-28 Net assets with donor restrictionsStart of year $10,000$0

X-32 Total net assets or fund balancesStart of year $30,585,579$32,863,291

X-33 Total liabilities and net assetsStart of year $30,736,136$34,213,156

Part XI · Reconciliation of net assets $32,863,291 net assets at year end

XI-1 Total revenue$2,411,269

XI-2 Total expenses$1,385,554

XI-3 Revenue less expenses$1,025,715

XI-4 Net assets at start of year$30,585,579

XI-5 Net unrealized gains (losses) on investments$1,251,997

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$32,863,291

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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