Heroes INC FY2022 filing

Tax-deductible

Chevy Chase, MD501(c)(3)Crime & LegalEIN 52-6057916

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

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$294K 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

FY2022 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$294K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
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
$501K
2% of total assets
Looks good: liabilities are 2% 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
$388K
-81% vs prior year
Spent
$1.2M
To programs
78%
Net assets
$22.1M
By yearFY2020–FY2025
Revenue
$388K
FY2022▼ -81%
Revenue by fiscal year
FY2020$728K
FY2021$2.0M
FY2022$388K
FY2023$1.1M
FY2024$2.8M
FY2025$2.4M
Expenses
$1.2M
FY2022▼ -28%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Net assets
$22.1M
FY2022▼ -18%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

78 cents of each dollar spent went to programs.

Program services 78% · $910K Management & general 21% · $242K Fundraising 1% · $10K

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

15 people listed on the 990; $294K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$293,670Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Vice President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

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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 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.

Provided by the organization

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2 programs · $910K · in their own filed words · FY2022
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.

$494Kprogram expense
02

Scholarship Program

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

$417Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$388K
Ln 12
Gifts and grantsLn 1h$873K
Investment incomeLn 3$315K
Money outPt IX
$1.2M
Ln 25
Programscol B$910K
Managementcol C$242K
Fundraisingcol D$10K
Owns and owesPt X
$22.1M
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$22.6M
LiabilitiesLn 26$501K
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$873K
Noncash giftsLn 1g$23K
Fundraising eventsLn 1c$279K
Investment incomeLn 3$315K
Gains on assetsLn 7−$736K
Total revenueLn 12$388K
Assets in detailPt X, end of year
CashLn 1$279K
Cash and savings togetherLn 1–2$279K
InvestmentsLn 11–13$21.7M
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$427K
Total assetsLn 16$22.6M
LiabilitiesLn 26$501K
Net assetsLn 32$22.1M
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 FY22End FY22
Cash and savingsLn 1–2$532K$279K
InvestmentsLn 11–13$26.2M$21.7M
Land, buildings, equipmentLn 10c$24K$18K
Total assetsLn 16$26.9M$22.6M
LiabilitiesLn 26$72K$501K
Net assetsLn 32$26.8M$22.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$293K$293K
Pay of current officers, directors and key staffLn 5$332K$279K$50K$3K
Other salaries and wagesLn 7$60K$50K$9K$594
Pension plan contributionsLn 8$3K$2K$402$27
Payroll taxesLn 10$22K$18K$3K$218
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$100K$100K
Other fees for servicesLn 11g$3K$2K$1K
Office expensesLn 13$54K$33K$19K$2K
Information technologyLn 14$20K$17K$3K$180
OccupancyLn 16$188K$158K$28K$2K
Conferences, conventions and meetingsLn 19$3K$3K$517$34
Depreciation, depletion and amortizationLn 22$6K$5K$894$60
InsuranceLn 23$7K$6K$1K$71
Other expenses (24a–d)Ln 24$61K$47K$13K$850
Total functional expensesLn 25$1.2M$910K$242K$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 Viewing $388K$1.2M−$775K$22.1M 990 PDF
FY2021 $2.0M$1.6M$382K$26.8M 990 PDF
FY2020 $728K$1.7M−$994K$23.3M 990 PDF

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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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $387,641 across 11 lines filed
Lines not itemized here account for $29,031 of total revenue; see the IRS return.
VIII-1a Federated campaigns$16,348
VIII-1b Membership dues$26,500
VIII-1c Fundraising events$279,035
VIII-1f All other contributions, gifts and grants$551,502
VIII-1g Noncash contributions (included above)$23,023
VIII-1h Total contributions, gifts and grants$873,385
VIII-3 Investment incomeExcluded from tax $314,843$314,843
VIII-6 Net rental income or lossExcluded from tax $3,000$3,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$735,685−$735,685
VIII-8 Net income from fundraising eventsExcluded from tax −$96,933−$96,933
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$485,744$387,641
Part IX · Statement of functional expenses $1,162,744 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $293,032$293,032
IX-5 Pay of current officers, directors and key staffPrograms $278,771 · Management $49,782 · Fundraising $3,319$331,872
IX-7 Other salaries and wagesPrograms $50,029 · Management $8,933 · Fundraising $594$59,556
IX-8 Pension plan contributionsPrograms $2,251 · Management $402 · Fundraising $27$2,680
IX-10 Payroll taxesPrograms $18,311 · Management $3,270 · Fundraising $218$21,799
IX-11c Accounting feesManagement $12,316$12,316
IX-11f Investment management feesManagement $99,868$99,868
IX-11g Other fees for servicesManagement $1,809 · Fundraising $1,216$3,025
IX-13 Office expensesPrograms $32,831 · Management $19,177 · Fundraising $1,916$53,924
IX-14 Information technologyPrograms $17,120 · Management $2,691 · Fundraising $180$19,991
IX-16 OccupancyPrograms $157,557 · Management $28,135 · Fundraising $1,876$187,568
IX-19 Conferences, conventions and meetingsPrograms $2,893 · Management $517 · Fundraising $34$3,444
IX-22 Depreciation, depletion and amortizationPrograms $5,012 · Management $894 · Fundraising $60$5,966
IX-23 InsurancePrograms $5,970 · Management $1,066 · Fundraising $71$7,107
IX-24 Other expenses (24a–d)Programs $46,701 · Management $13,045 · Fundraising $850$60,596
IX-25 Total functional expensesPrograms $910,478 · Management $241,905 · Fundraising $10,361$1,162,744
Part X · Balance sheet $22,557,947 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $532,101$278,838
X-3 Pledges and grants receivableStart of year $111,491$87,101
X-9 Prepaid expenses and deferred chargesStart of year $500$22,085
X-10c Land, buildings and equipment, netStart of year $23,863$17,897
X-11 Publicly traded securitiesStart of year $26,218,736$21,725,035
X-15 Other assetsStart of year $0$426,991
X-16 Total assetsStart of year $26,886,691$22,557,947
X-17 Accounts payable and accrued expensesStart of year $12,398$24,479
X-25 Other liabilitiesStart of year $59,916$476,482
X-26 Total liabilitiesStart of year $72,314$500,961
X-27 Net assets without donor restrictionsStart of year $26,702,886$21,969,885
X-28 Net assets with donor restrictionsStart of year $111,491$87,101
X-32 Total net assets or fund balancesStart of year $26,814,377$22,056,986
X-33 Total liabilities and net assetsStart of year $26,886,691$22,557,947
Part XI · Reconciliation of net assets $22,056,986 net assets at year end
XI-1 Total revenue$387,641
XI-2 Total expenses$1,162,744
XI-3 Revenue less expenses−$775,103
XI-4 Net assets at start of year$26,814,377
XI-5 Net unrealized gains (losses) on investments−$3,982,288
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,056,986

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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