Honor Bound Foundation INC: FY2024 Nonprofit Profile & Form 990 (EIN 13-3102064)

Revenue by fiscal year
FY2020	$1.2M
FY2021	$305K
FY2022	$380K
FY2023	$161K
FY2024	$88K
FY2025	$41K

Expenses by fiscal year
FY2020	$2.1M
FY2021	$625K
FY2022	$656K
FY2023	$480K
FY2024	$409K
FY2025	Not on file

Net assets by fiscal year
FY2020	$1.5M
FY2021	$1.4M
FY2022	$860K
FY2023	$519K
FY2024	$170K
FY2025	$8K

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

69 cents of each dollar spent went to programs.

69%

16%

15%

Program services 69% · $283K Management & general 16% · $65K Fundraising 15% · $60K

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

3 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Pamela Kushner

President

$63,570Pt VII · Sec A

Ron Rubano

Treasurer

$0Pt VII · Sec A

Juliet Taylor

Secretary

$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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
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 15aNo

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 · $283K · in their own filed words · FY2023

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.

$283Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$88K

Ln 12

Gifts and grantsLn 1h$43K

Investment incomeLn 3$42K

Other incomeLn 4–11$3K

Money outPt IX

$409K

Ln 25

Programscol B$283K

Managementcol C$65K

Fundraisingcol D$60K

Owns and owesPt X

$170K

net assets · Ln 32

Cash and savingsLn 1–2$59K

Total assetsLn 16$182K

LiabilitiesLn 26$13K

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$43K

Noncash giftsLn 1g$31K

Investment incomeLn 3$42K

Other incomeLn 4–11$3K

Gains on assetsLn 7$34K

Total revenueLn 12$88K

Assets in detailPt X, end of year

CashLn 1$26K

SavingsLn 2$32K

Cash and savings togetherLn 1–2$59K

InvestmentsLn 11–13$124K

Land, buildings, equipmentLn 10c$0

Total assetsLn 16$182K

LiabilitiesLn 26$13K

Net assetsLn 32$170K

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$116K	$59K
InvestmentsLn 11–13	$416K	$124K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$532K	$182K
LiabilitiesLn 26	$13K	$13K
Net assetsLn 32	$519K	$170K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$218K	$218K
Pay of current officers, directors and key staffLn 5	$65K	$20K	$26K	$20K
Other salaries and wagesLn 7	$57K	$26K	$17K	$14K
Pension plan contributionsLn 8	$1K	$678	$309	$298
Other employee benefitsLn 9	$3K	$946	$1K	$445
Payroll taxesLn 10	$12K	$5K	$4K	$3K
Legal feesLn 11b	$265	$13	$236	$16
Accounting feesLn 11c	$3K		$3K
Professional fundraising feesLn 11e	$17K			$17K
Investment management feesLn 11f	$3K		$3K
Other fees for servicesLn 11g	$4K	$2K	$1K	$1K
Office expensesLn 13	$17K	$8K	$5K	$4K
InsuranceLn 23	$5K	$2K	$2K	$1K
Other expenses (24a–d)Ln 24	$2K		$2K
Total functional expensesLn 25	$409K	$283K	$65K	$60K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$41K			$8K	990 PDF
FY2024 Viewing	$88K	$409K	−$320K	$170K	990 PDF
FY2023	$161K	$480K	−$320K	$519K	990 PDF
FY2022	$380K	$656K	−$276K	$860K	990 PDF
FY2021	$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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $88,313 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $89,255$43,079

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $70,406$42,374

I-11 Other revenuePrior year $847$2,860

I-12 Total revenuePrior year $160,508$88,313

I-13 Grants and similar amounts paidPrior year $162,077$218,388

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $177,101$138,516

I-16a Professional fundraising feesPrior year $14,037$16,524

I-17 Other expensesPrior year $127,252$35,287

I-18 Total expensesPrior year $480,467$408,715

I-19 Revenue less expensesPrior year −$319,959−$320,402

Part VI · Governance 2 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $88,313 across 7 lines filed

VIII-1f All other contributions, gifts and grants$43,079

VIII-1g Noncash contributions (included above)$31,489

VIII-1h Total contributions, gifts and grants$43,079

VIII-3 Investment incomeExcluded from tax $8,180$8,180

VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,194$34,194

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,860$2,860

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $45,234$88,313

Part IX · Statement of functional expenses $408,715 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $218,388$218,388

IX-5 Pay of current officers, directors and key staffPrograms $19,543 · Management $26,057 · Fundraising $19,543$65,143

IX-7 Other salaries and wagesPrograms $26,028 · Management $17,220 · Fundraising $13,752$57,000

IX-8 Pension plan contributionsPrograms $678 · Management $309 · Fundraising $298$1,285

IX-9 Other employee benefitsPrograms $946 · Management $1,249 · Fundraising $445$2,640

IX-10 Payroll taxesPrograms $5,018 · Management $4,059 · Fundraising $3,371$12,448

IX-11b Legal feesPrograms $13 · Management $236 · Fundraising $16$265

IX-11c Accounting feesManagement $2,942$2,942

IX-11e Professional fundraising feesFundraising $16,524$16,524

IX-11f Investment management feesManagement $3,060$3,060

IX-11g Other fees for servicesPrograms $2,130 · Management $1,107 · Fundraising $1,022$4,259

IX-13 Office expensesPrograms $8,309 · Management $4,644 · Fundraising $3,988$16,941

IX-23 InsurancePrograms $2,273 · Management $1,651 · Fundraising $1,489$5,413

IX-24 Other expenses (24a–d)Management $2,407$2,407

IX-25 Total functional expensesPrograms $283,326 · Management $64,941 · Fundraising $60,448$408,715

Part X · Balance sheet $182,333 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $21,167$26,351

X-2 Savings and temporary cash investmentsStart of year $94,434$32,223

X-9 Prepaid expenses and deferred chargesStart of year $863$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $415,687$123,759

X-16 Total assetsStart of year $532,151$182,333

X-17 Accounts payable and accrued expensesStart of year $13,027$12,731

X-26 Total liabilitiesStart of year $13,027$12,731

X-27 Net assets without donor restrictionsStart of year $519,124$169,602

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $519,124$169,602

X-33 Total liabilities and net assetsStart of year $532,151$182,333

Part XI · Reconciliation of net assets $169,602 net assets at year end

XI-1 Total revenue$88,313

XI-2 Total expenses$408,715

XI-3 Revenue less expenses−$320,402

XI-4 Net assets at start of year$519,124

XI-5 Net unrealized gains (losses) on investments−$29,120

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$169,602

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Honor Bound Foundation INC FY2024 filing

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