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Honor Bound Foundation INC FY2021 filing

Tax-deductible

Darien, CT501(c)(3)Human ServicesEIN 13-3102064Revenue $305K in FY2021

On file with the IRSPo Box 2465 · Darien, CTTax-exempt since Nov 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Serving our country requires unparalleled courage and commitment, and veterans nationwide have made sacrifices to protect our country and our freedoms. But the unfortunate truth is that many veterans struggle to find stability while adjusting to everyday life after service. Honor bound's mission reflects our commitment to providing timely aid to veterans across the country. Our nationwide partnerships with case workers, social workers from the va, and other veteran organizations increase our reach and impact where it's needed most.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $418K a year · 98% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$125K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$305K
-75% vs prior year
Spent
$625K
To programs
39%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$305K
FY2021▼ -75%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$305K
FY2022$380K
FY2023$161K
FY2024$88K
FY2025$41K
Expenses
$625K
FY2021▼ -70%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$625K
FY2022$656K
FY2023$480K
FY2024$409K
FY2025Not on file
Net assets
$1.4M
FY2021▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$860K
FY2023$519K
FY2024$170K
FY2025$8K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $241K Management & general 26% · $160K Fundraising 36% · $224K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$105,885Pt VII · Sec A
Ron Rubano
Treasurer
$0Pt VII · Sec A
Juliet Taylor
Secretary
$0Pt VII · Sec A
Peter Maro
Board Member
$0Pt VII · Sec A
Mark Lutian
Board Member
$0Pt VII · Sec A

Pamela Kushner’s $64K as President is at the 90th percentile of top reported officer pay among 202 <$100K human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pamela Kushner$63,570$99,863$107,640$105,885$101,415
Phillip Kraft————$76,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Honor Bound Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides timely aid and support to veterans nationwide struggling to adjust to civilian life.

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Provided by the organization

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1 program · $241K · in their own filed words · FY2020
01

Honor bound foundation provides urgent one-time financial assistance to veterans and veteran families in crisis. While other veteran service organizations may require extensive documentation and exclusive criteria, honor bound has a simple application process designed to maximize the reach of our aid.

$241Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $1.0M · 2019–2023
Unitemized GrantFY2023$218,388
Unitemized GrantFY2022$162,077
Unitemized GrantFY2021$111,186
Unitemized GrantFY2020$68,743
Unitemized GrantFY2019$489,055

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$305K
Ln 12
Gifts and grantsLn 1h$224K
Investment incomeLn 3$80K
Other incomeLn 4–11$1K
Money outPt IX
$625K
Ln 25
Programscol B$241K
Managementcol C$160K
Fundraisingcol D$224K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$1.5M
LiabilitiesLn 26$125K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Government grantsLn 1e$45K
Noncash giftsLn 1g$157K
Investment incomeLn 3$80K
Other incomeLn 4–11$1K
Gains on assetsLn 7$59K
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$171K
Cash and savings togetherLn 1–2$260K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$125K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$401K$260K
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$697$0
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$88K$125K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$69K$69K
Pay of current officers, directors and key staffLn 5$131K$39K$52K$39K
Other salaries and wagesLn 7$72K$36K$20K$16K
Pension plan contributionsLn 8$2K$1K$358$379
Other employee benefitsLn 9$2K$2K$283$5
Payroll taxesLn 10$18K$7K$6K$5K
Legal feesLn 11b$7K$352$6K$423
Accounting feesLn 11c$24K$1K$21K$1K
Professional fundraising feesLn 11e$43K$43K
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$4K$2K$1K$1K
Advertising and promotionLn 12$90K$90K
Office expensesLn 13$79K$39K$22K$19K
OccupancyLn 16$26K$10K$8K$7K
TravelLn 17$85$36$26$23
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$7K$3K$2K$2K
Other expenses (24a–d)Ln 24$34K$25K$9K
Total functional expensesLn 25$625K$241K$160K$224K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $41K$8K 990 PDF
FY2024 $88K$409K−$320K$170K 990 PDF
FY2023 $161K$480K−$320K$519K 990 PDF
FY2022 $380K$656K−$276K$860K 990 PDF
FY2021 Viewing $305K$625K−$320K$1.4M 990 PDF
FY2020 $1.2M$2.1M−$856K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $304,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $965,397$223,880
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,654$79,605
I-11 Other revenuePrior year $220,192$1,078
I-12 Total revenuePrior year $1,200,243$304,563
I-13 Grants and similar amounts paidPrior year $489,055$68,743
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $315,908$225,042
I-16a Professional fundraising feesPrior year $908,624$42,758
I-17 Other expensesPrior year $342,821$288,145
I-18 Total expensesPrior year $2,056,408$624,688
I-19 Revenue less expensesPrior year −$856,165−$320,125
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $304,563 across 8 lines filed
VIII-1e Government grants$44,870
VIII-1f All other contributions, gifts and grants$179,010
VIII-1g Noncash contributions (included above)$156,764
VIII-1h Total contributions, gifts and grants$223,880
VIII-3 Investment incomeExcluded from tax $20,519$20,519
VIII-7 Net gain or loss on sales of assetsExcluded from tax $59,086$59,086
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,078$1,078
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $80,683$304,563
Part IX · Statement of functional expenses $624,688 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $68,743$68,743
IX-5 Pay of current officers, directors and key staffPrograms $39,262 · Management $52,347 · Fundraising $39,262$130,871
IX-7 Other salaries and wagesPrograms $35,895 · Management $19,957 · Fundraising $16,303$72,155
IX-8 Pension plan contributionsPrograms $1,020 · Management $358 · Fundraising $379$1,757
IX-9 Other employee benefitsPrograms $2,148 · Management $283 · Fundraising $5$2,436
IX-10 Payroll taxesPrograms $7,215 · Management $5,774 · Fundraising $4,834$17,823
IX-11b Legal feesPrograms $352 · Management $6,270 · Fundraising $423$7,045
IX-11c Accounting feesPrograms $1,187 · Management $21,122 · Fundraising $1,424$23,733
IX-11e Professional fundraising feesFundraising $42,758$42,758
IX-11f Investment management feesManagement $11,478$11,478
IX-11g Other fees for servicesPrograms $2,088 · Management $1,086 · Fundraising $1,002$4,176
IX-12 Advertising and promotionFundraising $90,000$90,000
IX-13 Office expensesPrograms $38,835 · Management $21,974 · Fundraising $18,642$79,451
IX-16 OccupancyPrograms $10,439 · Management $8,447 · Fundraising $6,835$25,721
IX-17 TravelPrograms $36 · Management $26 · Fundraising $23$85
IX-22 Depreciation, depletion and amortizationPrograms $5,592$5,592
IX-23 InsurancePrograms $2,767 · Management $2,009 · Fundraising $1,812$6,588
IX-24 Other expenses (24a–d)Programs $25,365 · Management $8,911$34,276
IX-25 Total functional expensesPrograms $240,944 · Management $160,042 · Fundraising $223,702$624,688
Part X · Balance sheet $1,519,292 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $119,901$88,783
X-2 Savings and temporary cash investmentsStart of year $281,288$171,274
X-3 Pledges and grants receivableStart of year $7,203$1,728
X-8 Inventories for sale or useStart of year $8,255$3,395
X-9 Prepaid expenses and deferred chargesStart of year $2,307$6,089
X-10c Land, buildings and equipment, netStart of year $697$0
X-11 Publicly traded securitiesStart of year $1,120,392$1,248,023
X-16 Total assetsStart of year $1,540,043$1,519,292
X-17 Accounts payable and accrued expensesStart of year $42,835$52,305
X-25 Other liabilitiesStart of year $44,870$72,870
X-26 Total liabilitiesStart of year $87,705$125,175
X-27 Net assets without donor restrictionsStart of year $1,452,338$1,394,117
X-32 Total net assets or fund balancesStart of year $1,452,338$1,394,117
X-33 Total liabilities and net assetsStart of year $1,540,043$1,519,292
Part XI · Reconciliation of net assets $1,394,117 net assets at year end
XI-1 Total revenue$304,563
XI-2 Total expenses$624,688
XI-3 Revenue less expenses−$320,125
XI-4 Net assets at start of year$1,452,338
XI-5 Net unrealized gains (losses) on investments$261,904
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,394,117

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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