Civic Intelligence

Heroic Adventures Inc

EIN 87-4196581 • 501(c)3 • Lake Placid, FL

Profile

The mission of Heroic Adventures Inc is to provide exceptional outdoor adventure opportunities for US military veterans and/or first responders and their families. Our objective is to provide the access and equipment required for these individuals to experience an outdoor adventure that would likely have been unavailable to them otherwise. These outdoor adventures could include trophy freshwater or saltwater fishing or a variety of hunting opportunities.

104 Happiness AveLake Placid, FL 33852

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

105.52x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-81661%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-14%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

64%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$117,734

Down $19,776 (-14%) from 2022

Liabilities

Down

$2,427

Down $994 (-29%) from 2022

Net Assets

Down

$115,307

Down $18,782 (-14%) from 2022

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$23

Up $9 (+64%) from 2022

Expenses

Up

$18,805

Up $3,930 (+26%) from 2022

Net Income

Down

-$18,782

Down $3,921 (-26%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2021: $153,000Liabilities 2021: $4,050Net Assets 2021: $148,9502021Assets 2022: $137,510Liabilities 2022: $3,421Net Assets 2022: $134,0892022Assets 2023: $117,734Liabilities 2023: $2,427Net Assets 2023: $115,3072023

Highlighted filing

2023

Assets$117,734
Liabilities$2,427
Net Assets$115,307
Open 2023 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2021: $150,000Expenses 2021: $1,050Net Income 2021: $148,9502021Revenue 2022: $14Expenses 2022: $14,875Net Income 2022: -$14,8612022Revenue 2023: $23Expenses 2023: $18,805Net Income 2023: -$18,7822023

Highlighted filing

2023

Revenue$23
Expenses$18,805
Net Income-$18,782
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,734
Liabilities
$2,427
Net assets
$115,307
Revenue
$23
Expenses
$18,805
Net income
-$18,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.18$0.02$1.15$0.00$0.19$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.03$1.34$0.00$0.15$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.04$1.49$1.50$0.01$1.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$23
Mission and Program Overview

Mission

The mission of Heroic Adventures Inc is to provide exceptional outdoor adventure opportunities for US military veterans and/or first responders and their families. Our objective is to provide the access and equipment required for these individuals to experience an outdoor adventure that would likely have been unavailable to them otherwise. These outdoor adventures could include trophy freshwater or saltwater fishing or a variety of hunting opportunities.

Program Services

DescriptionGrantsExpenses
The mission of Heroic Adventures Inc is to provide exceptional outdoor adventure opportunities for US military veterans and/or first responders and their families. Our objective is to provide the access and equipment required for these individuals to experience an outdoor adventure that would likely have been unavailable to them otherwise. These outdoor adventures could include trophy freshwater or saltwater fishing or a variety of hunting opportunities.-$18,805
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael OttPresident-$0--
James SchraderSecretary-$0--
Liette BlackTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Heroic Adventures Inc
EIN
87-4196581
Address
104 Happiness Ave, Lake Placid, FL 33852

Signing Officer

Name
Michael Ott
Title
President
Signed
2024-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Susan Colley CPA PA
Address
505 W Interlake Blvd, Lake Placid, FL 33852
Preparer
Susan L Colley CPA
Phone
8634656473
Supplemental Narrative

Additional Explanations

Other Expenses.1009

“Depreciation $8554”

Other Expenses.1010

“Amortization $200”

Other Expenses.1012

“Insurance $3382”

Other Expenses.1

“Supplies $2374”

Other Expenses.2

“Guide Services $1480”

Other Expenses.3

“Dues and Subscriptions $423”

Other Expenses.4

“Licenses $287”

Other Expenses.5

“Fuel $166”

Other Assets.1

“Boat Build in Process - Beginning $61842 Boat Build in Process - Ending $0”

Other Assets.2

“Boat - Beginning $0 Boat - Ending $76988”

Other Assets.3

“Start-Up Costs - Beginning $2800 Start-Up Costs - Ending $2600”

Total Liabilities.1

“Loan Payable - Beginning $3421 Loan Payable - Ending $2427”

Raw XML Appendix152 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lake Placid
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033852
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IRS990EZ/OtherExpensesTotalAmt016866
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The mission of Heroic Adventures Inc is to provide exceptional outdoor adventure opportunities for US military veterans and/or first responders and their families. Our objective is to provide the access and equipment required for these individuals to experience an outdoor adventure that would likely have been unavailable to them otherwise. These outdoor adventures could include trophy freshwater or saltwater fishing or a variety of hunting opportunities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt018805
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02427
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt023
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0150000
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Depreciation $8554
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Amortization $200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $3382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies $2374
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Guide Services $1480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues and Subscriptions $423
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Licenses $287
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Fuel $166
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Boat Build in Process - Beginning $61842 Boat Build in Process - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Boat - Beginning $0 Boat - Ending $76988
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Start-Up Costs - Beginning $2800 Start-Up Costs - Ending $2600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Loan Payable - Beginning $3421 Loan Payable - Ending $2427
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Ott
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEROIC ADVENTURES INC
ReturnHeader/Filer/BusinessNameControlTxt0HERO
ReturnHeader/Filer/EIN0874196581
ReturnHeader/Filer/USAddress/AddressLine1Txt0104 Happiness Ave
ReturnHeader/Filer/USAddress/CityNm0Lake Placid
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033852
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0651158481
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Susan Colley CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0505 W Interlake Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Placid
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033852
ReturnHeader/PreparerPersonGrp/PhoneNum08634656473
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan L Colley CPA
ReturnHeader/ReturnTs02024-11-15T13:36:09-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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