The Honeycomb Project Inc Nfp
- Assets
- $574.4k
- Revenue
- $293.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 45-2508463
Organization Overview
The Honeycomb Project Inc Nfp is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Honeycomb Project Inc Nfp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honeycomb Project Inc Nfp 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 12/2023, Honeycomb Project Inc Nfp generated $293.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $606.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HONEYCOMB PROJECT ENGAGES, MOBILIZES, AND INSPIRES KIDS AND THEIR FAMILIES TO BUILD STRONG AND CONNECTED COMMUNITIES ACROSS CHICAGO. THROUGH A RANGE OF PROGRAMS, RESOURCES, AND STRATEGIC PARTNERSHIPS, WE PUT KIDS AT THE FOREFRONT OF SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR NEARLY A DECADE, THE HONEYCOMB PROJECT HAS PROVIDED VITAL RESOURCES AND VOLUNTEER SUPPORT TO MORE THAN 50 CHICAGO NON-PROFITS. OUR FAMILY-CENTERED PROGRAMS ADDRESS A SPECTRUM OF REGIONAL CHALLENGES INCLUDING HOUSING, ENVIRONMENTAL CONSERVATION, PUBLIC HEALTH, FOOD ACCESSIBILITY, AND EDUCATION. MORE THAN 25,000 VOLUNTEERS HAVE PARTICIPATED IN HONEYCOMB PROGRAMS, MAKING A DIFFERENCE IN THE LIVES OF MILLIONS OF RESIDENTS IN THE CHICAGO REGION. HONEYCOMB PROGRAMS TEACH VOLUNTEERS EMPATHY, CIVIC ACTION AND SOCIAL AWARENESS - IN TURN BUILDING THE NEXT GENERATION OF SOCIAL CHANGE MAKERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meagan Newman President | OfficerTrustee | 12 | $0 |
Jennifer Paik Chung Vice President | OfficerTrustee | 10 | $0 |
Sabera Choudhury Secretary | OfficerTrustee | 10 | $0 |
Catherine Tannen Treasurer | OfficerTrustee | 10 | $0 |
Paris Byrd Member | Trustee | 10 | $0 |
Carlos Garcia Member | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,678 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,008 |
| Total Program Service Revenue | $0 |
| Investment income | $142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,155 |
| Compensation of current officers, directors, key employees. | $5,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,274 |
| Payroll taxes | $32,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,768 |
| Advertising and promotion | $17,445 |
| Office expenses | $29,172 |
| Information technology | $32,885 |
| Royalties | $0 |
| Occupancy | $46,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,202 |
| Insurance | $12,657 |
| All other expenses | $0 |
| Total functional expenses | $606,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,408 |
| Savings and temporary cash investments | $334,152 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $2,612 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,534 |
| Net Land, buildings, and equipment | $2,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,764 |
| Total assets | $574,362 |
| Accounts payable and accrued expenses | $28,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,507 |
| Total liabilities | $55,674 |
| Net assets without donor restrictions | $418,688 |
| Net assets with donor restrictions | $100,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $574,362 |