2025-07-25T18:59:38-05:00 2024-12-31 953632775 NKSFB LLC DBA - FOCUS OPERATING LLC 10960 WILSHIRE BLVD 5TH FLOOR LOS ANGELES CA 90024 990 2024-01-01 271288926 THE HEROES PROJECT HERO 3102774657 10960 WILSHIRE BLVD FL 5 LOS ANGELES CA 90024 TIM MEDVETZ DIRECTOR 3102774657 2025-07-25 1 1 MARK SILAH P01277888 3102774657 2024 2025-03-06 01:10:19Z TIM MEDVETZ 10960 WILSHIRE BLVD FL 5 LOS ANGELES CA 90024 285068 0 X WWW.THEHEROESPROJECT.ORG X 2009 DC REHABILITATION OF WOUNDED VETERANS OF THE U.S. MILITARY. 4 4 3 50 0 0 448570 285068 0 0 0 0 0 0 448570 285068 0 0 0 0 211855 793785 0 0 29316 142751 195613 354606 989398 93964 -704330 2209651 1505321 0 0 2209651 1505321 X TO REHABILITATE VETERANS OF THE U.S. MILITARY WHO WERE WOUNDED IN THE LINE OF DUTY, TO ADVOCATE VETERAN REHABILITATION AND TO EDUCATE THE PUBLIC ON VETERAN REHABILITATION. 0 0 863186 THE ORGANIZATION'S MAIN PROGRAM IS TO AID WOUNDED VETERANS IN CLIMBING SOME OF THE WORLD'S TALLEST MOUNTAIN PEAKS. PRIOR TO 2020, TWO SPECIFIC PROGRAMS WERE IN PLACE - OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES. OPERATION 7 SUMMITS STARTED IN THE SUMMER OF 2010 CLIMBING MT. DENALI IN ALASKA. THE MOST RECENT MISSION FOR OPERATION 7 SUMMITS WAS THE CARSENSZ PYRAMID IN OCTOBER 2017. OPERATION 7 VOLCANOES STARTED IN 2015 AND THE TWO MOST RECENT MISSIONS FOR OPERTATION 7 VOLCANOES WERE OJOS DEL SALADO IN ARGENTINA IN MARCH 2018 AND MT. ELBRUS IN RUSSIA IN OCTOBER 2019.DUE TO THE WORLDWIDE PANDEMIC, THESE CLIMBING PROGRAMS WERE SUSPENDED. IN THEIR PLACE, THE ORGANIZATION HOLDS AN ANNUAL EVENT AT MT. BALDY -- CLIMB FOR HEROES. THE CLIMB FOR HEROES PROGRAM HAS SUPPORTERS AND VETERANS CLIMB THE SUMMIT OF MT. BALDY TOGETHER. THIS EVENT IS HELD ON VETERANS DAY WEEKEND ANNUALLY. AS PART OF THIS PROGRAM, TRAINING AND CONTINUING EDUCATION IS DONE FOR THE GUIDES WORKING WITH THE VETERANS. THE OTHER MAJOR PROGRAM IS THE BUILDING OF A VETERAN RETREAT CENTER ("VRC") AT THE BASE OF MT. BALDY TO PROVIDE A TRAINING GROUND FOR THE VETERANS. AN OFFICIAL GROUND-BREAKING CEREMONY TOOK PLACE ON JULY 4, 2023, AND CONSTRUCTION ON THE VRC WILL CONTINUE OVER A COUPLE OF YEARS. WHEN THE VRC CONSTRUCTION IS COMPLETED, ADDITIONAL PROGRAMS ARE BEING LAUNCHED. THE PLANNING PHASE FOR THESE FUTURE PROGRAMS IS UNDER WAY WHILE THE VRC IS UNDER CONSTRUCTION. 863186 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X NKSFB LLC 3102774657 10960 WILSHIRE BLVD FL 5 LOS ANGELES CA 90024 TIM MEDVETZ DIRECTOR 40.00 X 697799 0 0 RICHARD STARK BOARD DIRECTOR 10.00 X 0 0 0 SCOTT ROSEN BOARD DIRECTOR 10.00 X 0 0 0 JENNIFER SAILER BOARD DIRECTOR 10.00 X 12000 0 0 709799 0 0 1 0 1 0 0 285068 285068 285068 0 0 0 709798 659473 50325 58000 43500 14500 25987 19490 6497 9619 9619 11429 11429 2760 1380 1380 22893 4225 1408 17260 6416 6416 340 340 14792 7396 7396 EQUIPMENT RENTAL 37477 36744 733 RENT 36000 36000 MEALS AND ENTERTAINMENT 12368 2425 9943 DUES 8015 8015 33504 24749 8755 989398 863186 96896 29316 1607550 811530 21511 21511 0 0 406681 411200 195420 282591 2209651 1505321 0 0 X 0 0 0 0 2209651 1505321 2209651 1505321 2209651 1505321 -704330 0 X 0 0 0 X 198898 343533 1241796 448570 285068 2517865 198898 343533 1241796 448570 285068 2517865 1295614 1222251 2517865 1894 0.48540 0.46670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21511 21511 0 0 CONSTRUCTION IN PROCESS - MT. BALDY VETERAN RETREAT CENTER 282591 282591 X 0 0 0 0 0 0 0 0 0 TIM MEDVETZ DIRECTOR 130000 0 59302 0 508497 0 0 0 0 0 697799 0 0 0 PART I, LINE 3 THE HEROES PROJECT ("THP") PAID ONE-TIME COMPENSATION OF $508,943.22 TO ITS FOUNDER, DIRECTOR, AND OFFICER, TIMONTHY MEDVETZ, IN ORDER TO FACILITATE MR. MEDVETZ'S PURCHASE OF PROPERTY WITH IMPROVEMENTS IN THE MT. BALDY AREA OF SAN BERNARDINO COUNTY, CALIFORNIA (THE "PROPERTY"). MR. MEDVETZ ACQUIRED AND IS USING THE PROPERTY AS A BASE CAMP (CALLED THE "VETERAN RETREAT CENTER") IN ORDER TO PROMOTE THP'S CHARITABLE MISSION AND EXEMPT PURPOSE OF TRAINING WOUNDED U.S. VETERANS IN MOUNTAIN CLIMBING, THEREBY FACILITATING THEIR PHYSICAL, MENTAL, AND EMOTIONAL RECOVERY. THE PROPERTY REQUIRES SOME FURTHER CONSTRUCTION AND MODIFICATION WORK IN ORDER TO FULFILL THIS INTENDED PURPOSES, AND TO FACILITATE SUCH WORK THP NEEDS HOUSING FOR WORKERS DURING THE WEEK, STORAGE FACILITIES FOR THE CONSTRUCTION MATERIALS, AND AN OFFICE FOR THE CONTRACTOR AND THP STAFF DURING THE WEEK. THE COMPENSATION REPRESENTS $325,000 TOWARD MR. MEDVETZ'S DOWN PAYMENT FOR THE PROPERTY, WITH THE REMAINDER REPRESENTING ANTICIPATED PAYROLL WITHHOLDING TAXES ON THAT AMOUNT WHICH THP REMITTED TO THE APPROPRIATE TAX AUTHORITIES. THE THP BOARD APPROVED THE COMPENSATION BY VOTE OF THE DISINTERESTED DIRECTORS, AND ON THE CONDITION THAT MR. MEDVETZ WOULD USE THE FUNDS (NET OF WITHHOLDING TAXES) TOWARD THE $325,000 DOWN PAYMENT FOR THE PROPERTY, AND AFTER THE PURCHASE CLOSED LEASE THE PROPERTY TO THP FOR THE EXCLUSIVE USE AND BENEFIT OF THP IN CONNECTION WITH THE VETERAN RETREAT CENTER. THE BOARD CONSIDERED SEVERAL DIFFERENT OPTIONS IN CONSULTATION WITH THP'S OUTSIDE COUNSEL AND ACCOUNTANTS (INCLUDING ACQUIRING THE PROPERTY IN THP'S NAME, MAKING A LOAN TO MR. MEDVETZ, OR BEING A CO-SIGNER ON A BANK LOAN). AFTER EXTENSIVE CONSIDERATION, THE BOARD DECIDED THAT ADVANCING MR. MEDVETZ THE NECESSARY FUNDS AS COMPENSATION, ON CONDITION THAT MR. MEDVETZ WOULD LEASE THE PROPERTY TO THP FOR EXCLUSIVE USE AS THE VETERAN RETREAT CENTER, WAS THE BEST OF THE OPTIONS AVAILABLE TO THP; WOULD SAVE THOUSANDS OF DOLLARS OVER THE COURSE OF CONSTRUCTION; AND WOULD GREATLY SPEED UP THE CONSTRUCTION PROCESS. TIM MEDVETZ OFFICER 36000 THE HEROES PROJECT ENTERED INTO A CLOSED LEASE WITH TIM MEDVETZ FOR THE EXCLUSIVE USE AND BENEFIT OF THE HEROES PROJECT IN CONNECTION WITH THE VETERAN RETREAT CENTER. THP NEEDS HOUSING FOR WORKERS DURING THE WEEK, STORAGE FACILITIES FOR THE CONSTRUCTION MATERIALS, AND AN OFFICE FOR THE CONTRACTOR AND THP STAFF DURING THE WEEK. 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B DIRECTORS RECEIVE FINAL COPIES OF THE RETURN TO BE FILED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRANSACTIONS SUBJECT TO THE CONFLICT OF INTEREST ARE MONITORED CLOSELY AND FULL DISCLOSURES IN WRITING ARE MADE TO THE BOARD OF DIRECTORS FOR ANY POTENTIAL CONFLICT OF INTEREST. FOLLOWING THE FULL DISCLOSURE OF THE POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT BEST INTERESTS FOR THE ORGANIZATION. ANY INTERESTED BOARD MEMBER, OFFICER OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. ANYONE IN POSITION TO MAKE DECISIONS ABOUT SPENDING ORGANIZATION'S RESOURCES WHOM ALSO STAND TO BENEFIT FROM THAT DECISION, HAS A DUTY TO DISCLOSE THAT CONFLICT AS SOON AS IT ARISES (OR BECOMES APPARENT) AND MAY NOT PARTICIPATE IN ANY FINAL DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 BY REQUEST