Honorable Character FY2021 filing

Public charity (501(c)(3)) Fort Worth, TX EIN 26-1582129 NTEE B11
Revenue
$253K
▲ +117%
FY2021 · Pt VIII · Ln 12
Expenses
$144K
FY2021 · Pt IX · Ln 25
Net assets
$285K
FY2021 · Pt X · Ln 32
To programs
81%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$253K
FY2021▲ +117%
Expenses
$144K
FY2021

Builds children's character and discipline using proprietary systems for schools and homes.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Amazonsmile Foundation
$36 in the latest grant year. Details →
Spent on programs?
81% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
<$100K
↑ +117% vs prior year Details →

Form 990 for the fiscal year ending May 2021 (IRS tax year 2020).


Builds children's character and discipline using proprietary systems for schools and homes.

Type
Public charity (501(c)(3)) · Education
Location
Fort Worth, TX
Website
www.honorablecharacter.com
Filings
6 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
18.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+43%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$299K
FY2021
Total liabilities
$14K
FY2021
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$299K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CHonorable Character
EINHdr · item D26-1582129
Principal addressHdr · item CFort Worth, TX
WebsiteHdr · item Jwww.honorablecharacter.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$2,360Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Nancy Berman’s $990 as Director is at the 2nd percentile of top reported officer pay among 146 <$100K education 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Nancy Berman$990$500$855$2,360

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $116K of program spending, described in the organization's own filed words · FY2020.
01

The honorable character system was sold or donated to 43 different PEOPLE/ORGANIZATIONS during the year for use in the home and in school classrooms. The exact number of people who benefited from the use is not known as the systems are used in homes with multiple children and in mulitple classrooms with mulitple students.

$116Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$254K
Investment income$489
Total revenueLn 12$253K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$116K
Management & general19%$28K
Total functional expensesLn 25$144K

Balance Sheet

Part X · end of year
CashLn 1$224K
Total assetsLn 16$299K
Total liabilitiesLn 26$14K
Total net assetsLn 32$285K
Months of cash on handcomputed18.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $224K · Operating expenses/yr $144K
18.7 months
Where the money goes
Program services
Program services $116K · Total expenses $144K
81%
Management & General
Management & general $28K · Total expenses $144K
19%
Fundraising
Fundraising $0 · Total expenses $144K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $254K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $254K · Total revenue $253K
100%
Government reliance
Government grants — · Total revenue $253K
—
Earned-income share
Program service revenue $0 · Total revenue $253K
0%
Investment reliance
Investment income $489 · Total revenue $253K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $144K
0%
Growth & trend
Revenue growth (YoY)
This year $253K · Prior year $117K
+117%
Net-asset trend (YoY)
End of year $285K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $253K · Expenses $144K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $299K
—
Net-asset ratio
Net assets $285K · Total assets $299K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $299K
0%
People & payroll
Highest Reported Total Compensation
Individual Nancy Berman · Reported title Director · Highest reported compensation $2K · Total expenses $144K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $36K · Total expenses $144K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Revenue growth 117%——
Investment management fee ratio 0%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$36

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$36K revenue · ⤓ 990 PDF
FY2024$64K revenue · ⤓ 990 PDF
FY2023$48K revenue · ⤓ 990 PDF
FY2022$44K revenue · ⤓ 990 PDF
FY2021$253K revenue · viewing · ⤓ 990 PDF
FY2020$117K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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