Inner Hero
- Assets
- $30.4k
- Revenue
- $55.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5032143
Organization Overview
Inner Hero, operating under the name The Inner Hero, is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inner Hero is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Inner Hero generated $55.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS COMPANYS PURPOSE IS TO BUILD YOUTH TRUST AND TO ENCOURAGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INNER HERO HAS SUCCESSFULLY EXECUTED ON THE SIXTH ANNUAL 5 ON 5 BASKETBALL TOURNAMENT WHICH CONNECTS THE WHOLE COMMUNITY DIRECTLY WITH OUR SPONSORS, VOLUNTEERS AND LOCAL LAW ENFORCEMENT, ENCOURAGING THE DEVELOPEMENT THE COMMUNITYS CORE VALUES AND PERSONALIZING THE MEMBERS OF THE COMMUNITY WITH THE PEOPLE WHO SERVE THEM. THE PROGRAMS SERVICE EXPENSES WERE USED TO SUPPORT THIS YEARS MENTORING PROGRAM THAT ENGAGES YOUNG ADULTS IN A PEER MENTORING ENVIRONMENT FURTHER CREATING LEADERSHIP FROM WITHIN. WE SUPPORT OUR YOUTH LEADERS WITH STRUCTURE AND SKILLS TO POSITIVELY SERVE THEIR COMMUNITY. THE INNER HERO IS A STEADY DRUM BEAT FOR COMMUNITY INVOLVEMENT, EMPOWERMENT AND CRIME PREVENTION. THE 3RD ANNUAL WOMENS CRUISE, BARBERSHIP BACK TO SCHOOL GIVEAWAY AND CRIME PREVENTION PROGRAMS DILEBERATLY SERVE OUR COMMUNITY. PROGRAM SERVICE SUPPORT ALL FACETS OF THE ORGANIZATIONS STRUCTURAL PILLARS CREATING INTENTIONAL IMPROVEMENTS IN OUR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ambrose R Russell Executive Director | Officer | 50 | $16,200 |
Gregory Coleman Program Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,381 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $860 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,587 |
| Advertising and promotion | $637 |
| Office expenses | $1,516 |
| Information technology | $2,368 |
| Royalties | $0 |
| Occupancy | $1,630 |
| Travel | $2,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,267 |
| All other expenses | $1,358 |
| Total functional expenses | $78,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,446 |
| Accounts payable and accrued expenses | $50,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,000 |
| Net assets without donor restrictions | -$19,554 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,446 |