Honeywell Foundation Inc

Organization Overview

Honeywell Foundation Inc is located in Wabash, IN. The organization was established in 1984. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Honeywell Foundation Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honeywell Foundation Inc 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 09/2021, Honeywell Foundation Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $6.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE HONEYWELL FOUNDATION PROVIDES DIVERSE PROGRAMMING INCLUDING FREE EDUCATIONAL OFFERINGS FOR YOUTH; GALLERY EXHIBITS AND COMPETITIONS; AND INSPIRING PERFORMING ART OPPORTUNITIES.

Describe the Organization's Program Activity:

THE FOUNDATION OWNS AND OPERATES THE HONEYWELL CENTER, AN ARTS AND ENTERTAINMENT FACILITY THAT INCLUDES A 1,500-SEAT THEATER, AN ART GALLERY, ROLLER SKATING RINK, MEETING ROOMS AND A RESTAURANT FACILITY IN DOWNTOWN WABASH, INDIANA. THE FOUNDATION ALSO OWNS AND OPERATES EAGLES THEATRE, WHICH FEATURES LIVE PERFORMANCES, CLASSIC AND FIRST-RUN FILMS, MUSIC LESSONS, MEDIA ARTS PROGRAM AND BALLROOM SPACE; THE HONEYWELL HOUSE, A CULTURAL CENTER THAT INCORPORATES CONCERTS, FINE ART AND DINING; CHARLEY CREEK GARDENS, A HORTICULTURE CENTER DEDICATED TO THE CONSERVATION AND APPRECIATION OF PLANTS; AND THE DR. JAMES FORD HISTORIC HOME, A HOUSE MUSEUM SET IN THE MID-1800'S. THE FOUNDATION ALSO OPERATES (BUT DOES NOT OWN) A LOCAL DRIVE-IN MOVIE THEATER. PRIMARY ACTIVITIES OF THE FOUNDATION INCLUDE PROVIDING DIVERSE AND ENRICHING PROGRAMS AS WELL AS ARTS EDUCATIONAL INITIATIVES FOR YOUTH. THE FOUNDATION'S PRIMARY SOURCES OF REVENUE AND SUPPORT ARE FROM TICKET SALES, FOOD SERVICE AND CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Tod Minnich
President / CEO
$199,446
Kyle Dubois
Chief Operating Officer
$120,789
Cathy Gatchel
Chief Development Officer
$118,857
Howard Halderman
Board Chair
$0
Sally Krouse
Vice-Chair
$0
Amy Sullivan
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Intrasect Technologies
It
$117,164
Millwright Solutions
Construction
$385,323
Optimum Construction Services
Construction
$526,471
Millwright Solutions
Construction
$385,323
Optimum Construction Services
Construction
$526,471
Intrasect Technologies
It
$117,164
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $641,000
All other contributions, gifts, grants, and similar amounts not included above$3,311,382
Noncash contributions included in lines 1a–1f $388,031
Total Revenue from Contributions, Gifts, Grants & Similar$3,952,382
Total Program Service Revenue$1,667,501
Investment income $347,075
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $219,633
Net Gain/Loss on Asset Sales $4,716,090
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,061,690

Grants Awarded

Over the last fiscal year, Honeywell Foundation Inc has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

THE EDUCATION WE ALL DESERVE FOUNDATION INC

PURPOSE: QUARTERLY CONTRIBUTIONS

$10,000

WABASH AREA COMMUNITY THEATER

Org PageRecipient Profile

Wabash, IN

PURPOSE: MARY POPPINS PLAY

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Honeywell Foundation Inc has recieved totaling $4,584.

Awarding OrganizationAmount
Florence M & Paul M Staehle Foundation

Pittsburgh, PA

PURPOSE: ARTS IN EDUCATION

$4,584
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$56,567,826
Earnings$10,701,730
Net Contributions$65,285
Other Expense$1,946,891
Grants$14,580
Ending Balance$65,373,370

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