Civic Intelligence

Heart of America Patriot Foundation

990 • Fiscal year 2024 • EIN 45-4785558

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 08, 2025

13725 Metcalf Avenue Suite 364Overland Park, KS 66223

(913) 912-0828

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.94x

Higher debt load relative to assets than 94% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.87x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

25th percentile

-8.2%

Higher net margin than 25% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$102,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

21st percentile

-8.0%

Faster asset growth than 21% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-5.2%

Faster revenue growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$801,662

Down $69,409 (-8.0%) from 2023

Net Assets

Down

$50,692

Down $70,379 (-58%) from 2023

Liabilities

Up

$750,970

Up $970 (+0.1%) from 2023

Revenue

Down

$860,051

Down $46,867 (-5.2%) from 2023

Expenses

Up

$930,430

Up $85,662 (+10%) from 2023

Net Income

Down

-$70,379

Down $132,529 (-213%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2019: $16,525Liabilities 2019: $02019Assets 2020: $13,179Liabilities 2020: $02020Assets 2021: $174,603Liabilities 2021: $161,000Net Assets 2021: $13,6032021Assets 2022: $130,421Liabilities 2022: $71,500Net Assets 2022: $58,9212022Assets 2023: $871,071Liabilities 2023: $750,000Net Assets 2023: $121,0712023Assets 2024: $801,662Liabilities 2024: $750,970Net Assets 2024: $50,6922024Assets 2025: $512,367Liabilities 2025: $38,884Net Assets 2025: $473,4832025

Highlighted filing

2024

Assets$801,662
Liabilities$750,970
Net Assets$50,692

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $110,999Expenses 2019: $156,616Net Income 2019: -$45,6172019Revenue 2020: $121,642Expenses 2020: $124,985Net Income 2020: -$3,3432020Revenue 2021: $282,451Expenses 2021: $282,027Net Income 2021: $4242021Revenue 2022: $552,443Expenses 2022: $507,125Net Income 2022: $45,3182022Revenue 2023: $906,918Expenses 2023: $844,768Net Income 2023: $62,1502023Revenue 2024: $860,051Expenses 2024: $930,430Net Income 2024: -$70,3792024Revenue 2025: $533,460Expenses 2025: $110,669Net Income 2025: $422,7912025

Highlighted filing

2024

Revenue$860,051
Expenses$930,430
Net Income-$70,379
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.0
Gross Receipts
$904,045
Mission and Program Overview

Mission

Our mission is to honor veterans and educate their legacy. We do so by raising money for DEA-qualified students and then contributing it to post-secondary institutions that agree to match our donation, administer the scholarship program, and report back to us annually.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$468,509-
Cash and Non-Interest-Bearing Accounts$462,045$310,653▼ $151,392
Pledges and Grants Receivable$405,026$20,000▼ $385,026
Prepaid Expenses and Deferred Charges$4,000$2,500▼ $1,500
Total Assets$871,071$801,662▼ $69,409
Liabilities
Accounts Payable and Accrued Expenses$750,000$750,970▲ $970
Other Liabilities$0$0→ $0
Total Liabilities$750,000$750,970▲ $970
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,071$50,692▼ $70,379
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$121,071$50,692▼ $70,379
Total Liabilities and Net Assets / Fund Balance$871,071$801,662▼ $69,409
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelli Campbell-GoodnowExecutive DirectorFT$102,000$102,000

Board Members and Trustees

NameTitle
Alan R GorthyPresident
Austin BrathwaitBoard Member
Eric BarnhartBoard Member
Gregory B GardnerBoard Member
Jessica RamirezBoard Member
Katye RiselliBoard Member
Stephen D WaldronDirector
David W CornellSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$881,582
Program Service Revenue
$0
Investment Income
$8,463
Other Revenue
$-29,994
All Other Contributions
$778,457
Change in Net Assets
$-70,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$860,051
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$860,051
Total Revenue per Form 990
$860,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$750,000
Salaries, Compensation, and Employee Benefits$124,135
Total Fundraising Expense$124,135
Other Expenses$56,295
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$750,000--$750,000
Current Officers, Directors, Trustees, and Key Employees$0$0$115,143$115,143
Advertising$0$30,000$0$30,000
Payroll Taxes$0$0$8,992$8,992
Fees for Services Other$0$7,740$0$7,740
Fees for Services Accounting$0$4,554$0$4,554
Office Expenses$0$3,271$0$3,271
Insurance$0$3,242$0$3,242
Travel$0$2,413$0$2,413
Information Technology$0$2,341$0$2,341
Other Expenses$0$1,067$0$1,067
Total Functional Expenses$750,000$56,295$124,135$930,430

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$930,430
Total Expenses per Audited Statements$930,430
Total Expenses per Form 990$930,430
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,994
Fundraising Gross Income$14,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heroes Classic$109,503$14,000$29,702$-15,702
Service Stories$7,622$0$0$0
Total Events$117,125$14,000$50,932$-36,932
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 will be distributed to all of the Board members for their review prior to submission.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is discussed at the beginning of each new fiscal year.

Form 990, Part VI, Section B, Line 15

One of our Board members is a partner in a professional search firm and he reviews suggested raises and provided input.

Form 990, Part VI, Section C, Line 19

The financial statements and 990 are available on our website. The governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Valor Partners Foundation
EIN
45-4785558
Phone
9139120828
Address
13725 Metcalf Avenue Suite 364, Overland Park, KS 66223

Signing Officer

Name
Alan R Gorthy
Title
President
Phone
9139096274
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan R Gorthy
Formed
2012
Legal Domicile
Mo
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
15

Preparer

Firm
McBride Lock & Associates LLC
Address
4151 N Mulberry Dr Suite 275, Kansas City, MO 64116
Preparer
Matthew Brickey
Phone
8162214559
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

As required by FASB ASC No. 740, Income Taxes, the Foundation evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the organization's continued qualification as a tax-exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.

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IRS990/PYTotalExpensesAmt0844768
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0906918
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-70379
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0468509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0881582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0906930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0548177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0311357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02791909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08463
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08463
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44167
IRS990ScheduleA/PublicSupportPY170Pct00.46267
IRS990ScheduleA/PublicSupportTotal170Amt01236828
IRS990ScheduleA/SubstantialContributorsTotAmt01555081
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0881582
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0906930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0548177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0311357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143863
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02791909
IRS990ScheduleA/TotalSupportAmt02800372
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0930430
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0860051
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As required by FASB ASC No. 740, Income Taxes, the Foundation evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the organization's continued qualification as a tax-exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0930430
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0860051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0860051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0930430
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0103125
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt095503
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07622
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt050932
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Heroes Classic
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Service Stories
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt06938
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06938
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0109503
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0117125
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-36932
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt029702
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt029702
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014292
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014292
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0750000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DEA Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0750
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0We receive an annual report from each of our partner institutions listing the scholarship recipients, the scholarship amount, and the DEA qualified status.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

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