Heroes INC FY2021 filing

Tax-deductible

Chevy Chase, MD501(c)(3)Crime & LegalEIN 52-6057916Revenue $2.0M in FY2021

On file with the IRSheroes.org5404 Wisconsin Avenue, 20815-3573 · Chevy Chase, MDTax-exempt since Jan 1965Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Assisting officers' families within 24 hours of the tragic loss & continuing indefinitely.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$293K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $151K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$293K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
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
$72K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+175% vs prior year
Spent
$1.6M
To programs
85%
Net assets
$26.8M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▲ +175%
Tap a bar for its year
Revenue by fiscal year
FY2020$728K
FY2021$2.0M
FY2022$388K
FY2023$1.1M
FY2024$2.8M
FY2025$2.4M
Expenses
$1.6M
FY2021▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Net assets
$26.8M
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.3M
FY2021$26.8M
FY2022$22.1M
FY2023$26.7M
FY2024$30.6M
FY2025$32.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1965.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.4M Management & general 14% · $227K Fundraising 1% · $10K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

15 people listed on the 990; $293K paid to officers and key staff.

Part VII, Section A · reportable compensation
$292,610Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Treasurer & VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Heroes INC sees how many people are interested.

Your first name shows with your question. Heroes INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $1.4M · in their own filed words · FY2021
01

Scholarship Program

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

$773Kprogram expense
02

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.

$612Kprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$826K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$227K
Fundraisingcol D$10K
Owns and owesPt X
$26.8M
net assets · Ln 32
Cash and savingsLn 1–2$532K
Total assetsLn 16$26.9M
LiabilitiesLn 26$72K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$11K
Fundraising eventsLn 1c$275K
Investment incomeLn 3$826K
Gains on assetsLn 7$487K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$532K
Cash and savings togetherLn 1–2$532K
InvestmentsLn 11–13$26.2M
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$26.9M
LiabilitiesLn 26$72K
Net assetsLn 32$26.8M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$309K$532K
InvestmentsLn 11–13$22.8M$26.2M
Land, buildings, equipmentLn 10c$15K$24K
Total assetsLn 16$23.4M$26.9M
LiabilitiesLn 26$95K$72K
Net assetsLn 32$23.3M$26.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$723K$723K
Pay of current officers, directors and key staffLn 5$303K$255K$45K$3K
Other salaries and wagesLn 7$78K$66K$12K$782
Pension plan contributionsLn 8$207$174$31$2
Payroll taxesLn 10$22K$18K$3K$219
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$79K$79K
Other fees for servicesLn 11g$3K$2K$1K
Office expensesLn 13$50K$31K$17K$1K
Information technologyLn 14$36K$30K$5K$359
OccupancyLn 16$211K$177K$32K$2K
Conferences, conventions and meetingsLn 19$2K$2K$274$18
Depreciation, depletion and amortizationLn 22$6K$5K$895$60
InsuranceLn 23$23K$19K$3K$228
Other expenses (24a–d)Ln 24$69K$58K$10K$690
Total functional expensesLn 25$1.6M$1.4M$227K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$1.4M$1.0M$32.9M 990 PDF
FY2024 $2.8M$1.3M$1.5M$30.6M 990 PDF
FY2023 $1.1M$1.3M−$196K$26.7M 990 PDF
FY2022 $388K$1.2M−$775K$22.1M 990 PDF
FY2021 Viewing $2.0M$1.6M$382K$26.8M 990 PDF
FY2020 $728K$1.7M−$994K$23.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,003,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $592,739$1,191,989
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $135,987$826,029
I-11 Other revenuePrior year −$711−$14,401
I-12 Total revenuePrior year $728,015$2,003,617
I-13 Grants and similar amounts paidPrior year $889,294$723,352
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $408,304$403,275
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $424,873$495,287
I-18 Total expensesPrior year $1,722,471$1,621,914
I-19 Revenue less expensesPrior year −$994,456$381,703
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
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 $2,003,617 across 11 lines filed
Lines not itemized here account for $25,204 of total revenue; see the IRS return.
VIII-1a Federated campaigns$27,024
VIII-1b Membership dues$32,000
VIII-1c Fundraising events$274,722
VIII-1f All other contributions, gifts and grants$858,243
VIII-1g Noncash contributions (included above)$10,648
VIII-1h Total contributions, gifts and grants$1,191,989
VIII-3 Investment incomeExcluded from tax $339,082$339,082
VIII-6 Net rental income or lossExcluded from tax $52,000$52,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $486,947$486,947
VIII-8 Net income from fundraising eventsExcluded from tax −$91,605−$91,605
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $811,628$2,003,617
Part IX · Statement of functional expenses $1,621,914 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $723,352$723,352
IX-5 Pay of current officers, directors and key staffPrograms $254,531 · Management $45,453 · Fundraising $3,030$303,014
IX-7 Other salaries and wagesPrograms $65,729 · Management $11,737 · Fundraising $782$78,248
IX-8 Pension plan contributionsPrograms $174 · Management $31 · Fundraising $2$207
IX-10 Payroll taxesPrograms $18,317 · Management $3,270 · Fundraising $219$21,806
IX-11c Accounting feesManagement $16,181$16,181
IX-11f Investment management feesManagement $79,334$79,334
IX-11g Other fees for servicesManagement $2,185 · Fundraising $1,172$3,357
IX-13 Office expensesPrograms $31,178 · Management $17,371 · Fundraising $1,428$49,977
IX-14 Information technologyPrograms $30,114 · Management $5,397 · Fundraising $359$35,870
IX-16 OccupancyPrograms $177,336 · Management $31,667 · Fundraising $2,111$211,114
IX-19 Conferences, conventions and meetingsPrograms $1,536 · Management $274 · Fundraising $18$1,828
IX-22 Depreciation, depletion and amortizationPrograms $5,012 · Management $895 · Fundraising $60$5,967
IX-23 InsurancePrograms $19,156 · Management $3,422 · Fundraising $228$22,806
IX-24 Other expenses (24a–d)Programs $57,986 · Management $10,177 · Fundraising $690$68,853
IX-25 Total functional expensesPrograms $1,384,421 · Management $227,394 · Fundraising $10,099$1,621,914
Part X · Balance sheet $26,886,691 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $309,453$532,101
X-3 Pledges and grants receivableStart of year $106,209$111,491
X-9 Prepaid expenses and deferred chargesStart of year $135,829$500
X-10c Land, buildings and equipment, netStart of year $14,800$23,863
X-11 Publicly traded securitiesStart of year $22,835,805$26,218,736
X-16 Total assetsStart of year $23,402,596$26,886,691
X-17 Accounts payable and accrued expensesStart of year $29,388$12,398
X-25 Other liabilitiesStart of year $66,098$59,916
X-26 Total liabilitiesStart of year $95,486$72,314
X-27 Net assets without donor restrictionsStart of year $23,200,901$26,702,886
X-28 Net assets with donor restrictionsStart of year $106,209$111,491
X-32 Total net assets or fund balancesStart of year $23,307,110$26,814,377
X-33 Total liabilities and net assetsStart of year $23,402,596$26,886,691
Part XI · Reconciliation of net assets $26,814,377 net assets at year end
XI-1 Total revenue$2,003,617
XI-2 Total expenses$1,621,914
XI-3 Revenue less expenses$381,703
XI-4 Net assets at start of year$23,307,110
XI-5 Net unrealized gains (losses) on investments$3,125,564
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,814,377

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.