PLATINUM2023

Heroes Foundation Inc

Be Heroic

INDIANAPOLIS, IN   |  www.heroesfoundation.org
GuideStar Charity Check

Heroes Foundation Inc

EIN: 74-3002520


Mission

The mission of the Heroes Foundation is to provide meaningful support to cancer patients, education to promote cancer prevention and resources to advance research for a cure.

Ruling year info

2001

Chairman

Vince Todd Jr

Main address

5309 N DELAWARE ST

INDIANAPOLIS, IN 46220 USA

Show more contact info

EIN

74-3002520

Subject area info

Cancers

Population served info

Children and youth

Adults

Ethnic and racial groups

People with diseases and illnesses

NTEE code info

Cancer Research (H30)

Cancer (G30)

What we aim to solve

SOURCE: Self-reported by organization

Support When someone is diagnosed with cancer, their world is turned upside down. Being able to find and take advantage of support services fast is absolutely critical. Where families are overburdened, the Heroes Foundation shows up to relieve some of the stress put on those affected by cancer. Prevention Cancer prevention initiatives can reduce both the incidence of cancer and mortality. Research Tireless and brilliant scholars are chasing cancer breakthroughs right here in Indiana. With internationally recognized research institutions in our own backyard, the Heroes Foundation focuses its research funding to projects in Indiana.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Oncology Patient Assistance Fund

This fund provides Cancer Center patients in need with financial support that can be used to access gift cards to connect them to healthy food, transportation to treatment and life-saving medication. In addition, the Fund also now offers housing and utilities assistance up to $1,500.

Population(s) Served
Adults
Children and youth
Ethnic and racial groups
People with diseases and illnesses
Caregivers

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of organizations applying for grants

This metric is no longer tracked.
Totals By Year
Population(s) Served

Ethnic and racial groups, People with diseases and illnesses, Economically disadvantaged people

Related Program

Oncology Patient Assistance Fund

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Ethnic and racial groups, Caregivers, Families, People with diseases and illnesses, Economically disadvantaged people

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Heroes Foundation was born out of a grassroot effort. In May 2001 it became a registered 501(c)(3) public charity and like other grassroot organizations it is the result of a collective action of people supporting a cause. Its supporters are people who come from various walks of life and backgrounds and who have their own cancer stories. Now 23 years later, the Heroes Foundation is comprised of committed cancer fighters – including volunteers, corporate partners, individual donors, a Board of Directors, and a small staff. Together, these individuals make a heroic impact on cancer patients, families affected by diagnosis, and their loved ones and caregivers.

The mission of the foundation is to provide meaningful support to cancer patients, education to promote cancer prevention and resources to advance research for a cure. We accomplish this mission through the generosity of our volunteers, donors, and community partners.


We must support those who are digging deep into the question of why and we do. Our medical advisory board provides guidance and strategic input on how the Foundation’s resources can best be used to meet the needs of medical researchers exploring various types of cancers. We currently support researchers at Indiana University, Purdue University and the University of Notre Dame. These faculty members represent the interests/perspectives of communities, patients, and other stakeholders that may be impacted by a research project or findings. Although all located in Indiana, these outstanding universities provide research resources, knowledge, and connections to experts around the world.

Our capabilities are the result of strategic financial support for some of the world's finest treatment and research providers. Current supported areas include:
* Oncology Patient Assistance Fund (help with basic needs)
* Research fellowships
* Cancer Research Funding
*Pediatric research projects
* Support for a Multi-disciplinary Oncologic Vitality and Exercise (MOVE) program which directly impacts
participants and contribute to advancing research in behavioral health interventions.
* Support for a comprehensive therapy program that attends to the body, mind, and spirit of the whole patient. This programming is offered complementary to adult patients with critical and chronic illness. Services available include: art therapy, music therapy, oncology massage, yoga therapy, cancer support groups, and arts in healthcare programs. Additionally, information about community resources help patients and their loved ones navigate the cancer journey.

Financials

Heroes Foundation Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

653.12

Average of 316.15 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

12.3

Average of 11.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Heroes Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Heroes Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Heroes Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Heroes Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$10,351 $198,255 $170,842 $391,929 -$96,377
As % of expenses -1.7% 58.2% 50.1% 96.7% -18.7%
Unrestricted surplus (deficit) after depreciation -$13,974 $193,808 $170,779 $391,929 -$96,377
As % of expenses -2.3% 56.2% 50.0% 96.7% -18.7%
Revenue composition info
Total revenue (unrestricted & restricted) $675,785 $409,277 $429,879 $543,989 $617,801
Total revenue, % change over prior year 42.2% -39.4% 5.0% 26.5% 13.6%
Program services revenue 0.3% 1.2% 0.7% 0.5% 0.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 4.0% 7.3% 5.3% 5.1% 4.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 95.7% 91.4% 94.1% 94.5% 95.6%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $612,018 $340,431 $341,303 $405,112 $515,370
Total expenses, % change over prior year 122.0% -44.4% 0.3% 18.7% 27.2%
Personnel 19.7% 38.0% 50.4% 34.8% 25.1%
Professional fees 0.4% 0.8% 0.0% 2.2% 4.6%
Occupancy 0.0% 0.0% 0.0% 0.0% 1.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 65.4% 50.4% 29.6% 49.5% 57.9%
All other expenses 14.5% 10.8% 20.0% 13.4% 10.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $615,641 $344,878 $341,366 $405,112 $515,370
One month of savings $51,002 $28,369 $28,442 $33,759 $42,948
Debt principal payment $0 $0 $0 $26,823 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $666,643 $373,247 $369,808 $465,694 $558,318

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 7.0 14.2 18.6 19.1 12.3
Months of cash and investments 21.8 46.3 53.0 55.5 41.4
Months of estimated liquid unrestricted net assets 21.8 46.1 52.0 55.4 41.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $354,539 $402,333 $529,200 $645,629 $529,952
Investments $757,142 $909,780 $979,482 $1,227,325 $1,246,524
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $32,524 $35,098 $35,098 $35,098 $35,098
Accumulated depreciation (as a % of LBE) 94.0% 99.8% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 0.0% 0.4% 2.0% 0.2% 0.2%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,113,617 $1,307,425 $1,478,204 $1,870,133 $1,773,756

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chairman

Vince Todd Jr

The Heroes Foundation exists because of people who confronted cancer and fought the good fight. The spirit, determination, and commitment of these people to survive are the legacies and characteristics that spurred the Foundation. Conceived in October 2000, the Heroes Foundation started as an idea among friends. Vince Todd Jr., was fighting his own personal battle with Hodgkin’s Lymphoma and wanted to assist others that suffered from similar diseases. Vince ultimately won his battle. His optimism coupled with the unconditional support of his family and friends created the spark that ignited the group. An idea that resulted in the Heroes Foundation was born. The organization officially took the name, Heroes Foundation, in May 2001. As a registered 501(c)(3) public charity, the mission of the Heroes Foundation is to provide meaningful support to cancer patients, education to promote cancer prevention and resources to advance research for a cure.

Number of employees

Source: IRS Form 990

Heroes Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Heroes Foundation Inc

Board of directors
as of 12/22/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Vince Todd Jr

Kelly Canada

Rolls Royce

Andru Creighton

Orca

Daniel Abdallah

Brookfield Group

Julie Otte

Indiana University

Matt King

F.C. Tucker Company

Amy Frizzell

FORVIS

James Hinshaw

Dentons Bingham Greenebaum

Bob Treash

Givergy

Kara Clinton

Eli Lilly & Co

Katy Todd

consultant

Loren Anderson

CBTS

Joe Todd

Accessa

Fred Yeakey

Providence Cristo Rey HS

Emily Lefebvre

eimagine

Ryan Doyle

Capital Group | American Funds

Chris Hendricks

Duncan Supply Co.

Bryce Zoeller

Kightlinger & Gray, LLP

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 12/22/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 12/22/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.