Honoring Our Veterans EIN 26-3266790 Form 990 (PDF) Claim this org

Honoring Our Veterans

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Improves combat wounded veterans' lives through activities that boost their well-being. For fiscal year 2024 it reported $235K in revenue, $223K in expenses, and $387K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Jackson, WY
Website
www.honorvets.org
Filings
5 on file (2020–2024)
Revenue
$235KFY2024
Expenses
$223K
Net assets
$387K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3266790 Public charity (501(c)(3)) Jackson, WY
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves combat wounded veterans' lives through activities that boost their well-being.
Leadership
Sandy Sandberg · Executive Director · $50K
Money in and out
$235K revenue, $223K expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$387K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program efficiency
77%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
21.1mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$235K
FY2024▼ -18%
Expenses
$223K
FY2024▼ -19%
Total assets
$391K
FY2024▲ +3%
Total liabilities
$4K
FY2024▼ -28%
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$387K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$391K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHonoring Our Veterans
EINHdr · item D26-3266790
Principal addressHdr · item CJackson, WY
WebsiteHdr · item Jwww.honorvets.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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
Executive Director
$50,003Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sandy Sandberg’s $50K as Executive Director is at the 38th percentile of top reported officer pay among 2164 $100K–1M 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
Sandy Sandberg$50,003$50,003$52,003
Sandy Sanberg$50,003$50,003

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

3 program services account for $172K of program spending, described in the organization's own filed words · FY2024.
01

Photography Program

The goal of the photography session is to teach theveterans to view life from a different perspective and toopen their mind to the beauty that surrounds them. The photographysession encompasses many aspects of photography such as classroominstruction on exposure, lighting, night-time photography, andprinting, etc.

$68Kprogram expense
02

Woodcarving Program

We introduce veterans to the tools and different types of wood that woodworkers utilize and how to implement them in a variety of woodworking projects. They learn sharpening and tool maintenance, carving techniques for traditional hand carving, as well as power carving and chainsaw carving.

$58Kprogram expense
03

Fly Casting and Fly Tying Instruction & Fly Fishing Trips:The Fly Fishing Therapy Session encompasses all aspects of fly fishing with fly casting instruction, a fly tying class and workshop, education on river stewardship and the etymology of our region, and fly fishing trips on the beautiful rivers, lakes, and tributaries in Jackson…

$45Kprogram expense

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Statement of Revenue

Part VIII
Investment income$119K · 51%
Contributions & grants$112K · 48%
Other revenue$4K · 2%
Investment income51%$119K
Contributions & grants48%$112K
Other revenue2%$4K
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program services77%$172K
Management & general15%$33K
Fundraising8%$19K
Total functional expensesLn 25$223K

Balance Sheet

Part X · end of year
CashLn 1$71K
Total assetsLn 16$391K
Total liabilitiesLn 26$4K
Total net assetsLn 32$387K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $391K · Operating expenses/yr $223K
21.1 months
Where the money goes
Program services
Program services $172K · Total expenses $223K
77%
Management & General
Management & general $33K · Total expenses $223K
15%
Fundraising
Fundraising $19K · Total expenses $223K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $37K · Solicited contributions (2-yr avg) $197K
$0.19 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $112K · Total revenue $235K
48%
Government reliance
Government grants — · Total revenue $235K
Earned-income share
Program service revenue $0 · Total revenue $235K
0%
Investment reliance
Investment income $119K · Total revenue $235K
+51%
Program self-sufficiency
Program service revenue $0 · Total expenses $223K
0%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year $287K
-18%
Revenue CAGR
FY2020 $61K · FY2024 $235K
+40%
Net-asset trend (YoY)
End of year $387K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $223K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $391K
Net-asset ratio
Net assets $387K · Total assets $391K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $321K · Total assets (Pt X, ln 16) $391K
82%
People & payroll
Highest Reported Total Compensation
Individual Sandy Sandberg · Reported title Executive Director · Highest reported compensation $50K · Total expenses $223K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $83K · Total expenses $223K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 15%
Fundraising cost ratio 17%
Revenue growth -18%
Accounting fee ratio 1.0%
Fundraising fee ratio 0.7%

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 · FY2024
Total grants receivedfrom 1 funder$66K

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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
FY2024 (Latest)$235K revenue · viewing · ⤓ 990 PDF
FY2023$287K revenue · ⤓ 990 PDF
FY2022$91K revenue · ⤓ 990 PDF
FY2021$385K revenue · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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