Our Heroes Foundation Inc
Nonprofit profile at a glance
- EIN
- 461971003
- IRS 990-EZ coverage
- 2013–2020
- Forms available
- Form 990-EZ 2020
- Location
- Tampa, FL, USA
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $128,006
- Expenses
- $86,399
- Assets
- $83,748
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Phyllis Corr (Secretary)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Corporation is organized exclusively for charitable, religious, educational and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501 (c)(3) of the Internal Revenue Code, or any corresponding section of any future federal tax code (the "Code"). To carry out this objective, the Corporation is authorized to carry out the following activities: a) to recognize the contributions and services provided to the Greater Tampa Bay community by our first responders, including the members of our law enforcement and fire and rescue agencies; b) to provide educational scholarships to the members of the families of our first responders; and c) to make distributions to organizations that qualify as exempt organizations under Section 501 (c)(3) and Section 509 (a)(1) of the Code.
What it reported doing in 2020
Awarded a total of 31 new and renewed scholarships to children of Hillsborough County Public Safety Personnel, Hillsborough County Sheriff Office and the Tampa Police Department.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 4
- Transparency & Controls: 100
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 3.7%; rating input score 4
- Program expense ratio: 5.5%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 32.5%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: -8.3% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 10.7% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 3.7% of revenue deployed · 5.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2013 to 2020
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 4/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.