Honored Foundation
- Assets
- $142.2k
- Revenue
- $446.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-2204859
Organization Overview
Honored Foundation is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Honored Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honored 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 12/2023, Honored Foundation generated $446.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $500.4k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO CELEBRATE AND REWARD EXTRAORDINARY K-12 EDUCATORS WHO HAVE MADE A TRANSFORMATIONAL IMPACT ON STUDENTS' LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HONORED NATIONAL AND HONORED SCHOOLS AWARD PROGRAMS ARE DESIGNED TO KEEP GREAT TEACHERS IN THE CLASSROOM AND TO INSPIRE A NEW GENERATION OF TALENT TO PURSUE TEACHING. THE PROGRAMS RECOGNIZE NOMINATED TEACHERS WHO HAVE MADE A PERSONAL, ACADEMIC, AND/OR INSPIRATIONAL IMPACT ON A STUDENT'S LIFE. THE HONORED NATIONAL PROGRAM RECOGNIZED ONE OUTSTANDING NOMINATED TEACHER TO BE RECOGNIZED AND REWARDED MONTHLY. THE SELECTED TEACHER WILL HAVE THEIR PROFILE, WRITTEN BY A WORLD-CLASS WRITER, POSTED FOR PUBLICATION ON THE FOUNDATION'S WEBSITE AND SHARED ON SOCIAL MEDIA AND TRADITIONAL MEDIA PLATFORMS. THE SELECTED TEACHERS WILL ALSO RECEIVE A FINANCIAL AWARD AND A GIFT CERTIFICATE TO DONORSCHOOSE.ORG. THE HONORED SCHOOLS PROGRAM SELECTS TEACHERS FROM WITHIN EACH PARTICIPATING REGION TO RECEIVE THE LIFE-CHANGING TEACHER AWARD AT THE END OF THE SCHOOL YEAR.
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 |
|---|---|---|---|
Name Not Listed Co-Chair & Director | OfficerTrustee | 10 | $0 |
Name Not Listed Co-Chair & Director | OfficerTrustee | 10 | $0 |
Name Not Listed Board Treasurer & Director - Term End 7/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Character Sf Llc Consulting | 12/30/17 | $151,015 |
Movement Strategy Social Media/marketing | 12/30/17 | $118,999 |
Character Sf Llc Consulting | 12/30/17 | $151,015 |
Movement Strategy Social Media/marketing | 12/30/17 | $118,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,489 |
| Noncash contributions included in lines 1a–1f | $9,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,489 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,894 |
| Compensation of current officers, directors, key employees. | $12,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,807 |
| Payroll taxes | $16,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,180 |
| Fees for services: Accounting | $22,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,022 |
| Advertising and promotion | $21,380 |
| Office expenses | $6,271 |
| Information technology | $24,262 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,445 |
| Insurance | $1,978 |
| All other expenses | $0 |
| Total functional expenses | $500,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66 |
| 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 | $2,191 |
| Net Land, buildings, and equipment | $2,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,181 |
| Other assets | $0 |
| Total assets | $142,211 |
| Accounts payable and accrued expenses | $10,972 |
| 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 | $0 |
| Total liabilities | $10,972 |
| Net assets without donor restrictions | $131,239 |
| Net assets with donor restrictions | $0 |
| 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 | $142,211 |