Lets Be Heroes Foundation Inc
Nonprofit profile at a glance
- EIN
- 455342228
- IRS 990-EZ coverage
- 2016–2017
- Forms available
- Form 990-EZ 2017, Form 990-N 2015
- Location
- Miami, FL, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $6,074
- Expenses
- $6,105
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jose Miguel Amozurrutia (President & CEO)
- Ricardo Palencia (Vice President)
People named in this filing
- Jose Miguel Amozurrutia (President & CEO)
- Ricardo Palencia (Vice President)
- Eduardo Verastegui (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LET'S BE HEROES FOUNDATION INC.'s mission is to empower people to become the best version of themselves and serving others, contribute where they are to change the world; by educating them personally and through all media outlets, to improve character, organizing them to assist others.
What it reported doing in 2017
Distribution of online videos and newsletters on character improvement topics to encourage and empower youth to make a positive impact in their communities, including social media outreach to over 10,000 people.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.3%; rating input score 99
- Program expense ratio: 98.8%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -0.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -146.7% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -167.5% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 99.3% of revenue deployed · 98.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2016 to 2017
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.