Honey Foundation
- Assets
- $11.4m
- Revenue
- $3.5m
- Investments
- $11.0m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-2314439
Organization Overview
Honey Foundation is located in Richmond, VA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honey Foundation 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 12/2021, Honey Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $720.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Honey Foundation has awarded 237 individual grants totaling $5,397,836. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Ukrop Jr Director | 1 | $0 | |
David J Naquin Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,186,300 |
| Interest on Savings | $45 |
| Dividends & Interest | $417,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $930,634 |
| Capital Gain Net Income | $930,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,534,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $70,495 |
| Contributions, gifts, grants paid | $649,550 |
| Total expenses and disbursements | $720,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,545 |
| Savings and temporary cash investments | $428,833 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,699,660 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,425,914 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Honey Foundation has awarded $649,550 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER RICHMOND AQUATICS PARTNERSHIP PURPOSE: OPERATIONS | $125,000 |
PGA TOUR CHARITIES PURPOSE: SWIMRVA | $100,000 |
SPORTS BACKERS PURPOSE: MONUMENT 10K & OPERATIONS | $56,250 |
Richmond, VA PURPOSE: OPERATIONS | $45,000 |
Richmond, VA PURPOSE: OPERATIONS | $30,000 |
RICHMOND BAPTIST ASSOCIATION PURPOSE: FOOD FOR 3 BAPTIST CENTERS | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Honey Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Ukrop Foundation Richmond, VA PURPOSE: OPERATIONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |