Honours INC FY2022 filing

Slinger, WI · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$547K
-36% vs prior year
Spent
$301K
To programs
71%
Net assets
$5.1M
By yearFY2021–FY2025
Revenue
$547K
FY2022▼ -36%
Revenue by fiscal year
FY2021$856K
FY2022$547K
FY2023$462K
FY2024$460K
FY2025$470K
Expenses
$301K
FY2022▼ -12%
Expenses by fiscal year
FY2021$343K
FY2022$301K
FY2023$352K
FY2024$328K
FY2025$336K
Net assets
$5.1M
FY2022▼ -7%
Net assets by fiscal year
FY2021$5.5M
FY2022$5.1M
FY2023$5.4M
FY2024$6.2M
FY2025$6.7M

From the FY2022 Form 990 (year ending July 2022) · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CHonours INC
EINHdr · item D39-1430131
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1983
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSlinger, WI
NTEE classificationIRS BMFEducation (B82Z)
WebsiteHdr · item Jwww.honoursinc.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.21 Fundraising $0.08
Program services71%$213K
Management & general21%$64K
Fundraising8%$25K
Total functional expensesLn 25$301K

Financial health

Is it on solid ground?

Program efficiency
71%
of spending reaches programs
Operating runway
237.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+45%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$5.1M
FY2022▼ -7%
Total assets by fiscal year
FY2021$5.5M
FY2022$5.1M
FY2023$5.4M
FY2024$6.2M
FY2025$6.7M
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$246K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$5.1M
Months of cash on handcomputed10.2

Statement of Revenue

Part VIII
Contributions & grants$272K · 50%
Investment income$274K · 50%
Contributions & grants50%$272K
Investment income50%$274K
Other revenue$772
Total revenueLn 12$547K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.1M · Operating expenses (Pt IX) $301K · Less non-cash grants $46K · Cash operating expenses/yr $255K
237.7 months
Where the money goes
Program services
Program services $213K · Total expenses $301K
71%
Management & General
Management & general $64K · Total expenses $301K
21%
Fundraising
Fundraising $25K · Total expenses $301K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $22K · Solicited contributions (2-yr avg) $454K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $272K · Total revenue $547K
50%
Government reliance
Government grants — · Total revenue $547K
—
Earned-income share
Program service revenue $0 · Total revenue $547K
0%
Investment reliance
Investment income $274K · Total revenue $547K
+50%
Program self-sufficiency
Program service revenue $0 · Total expenses $301K
0%
Growth & trend
Revenue growth (YoY)
This year $547K · Prior year $856K
-36%
Net-asset trend (YoY)
End of year $5.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $547K · Expenses $301K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
—
Net-asset ratio
Net assets $5.1M · Total assets $5.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.1M
95%
People & payroll
Highest Reported Total Compensation
Individual Ken Reiser · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $301K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $301K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 21%——
Fundraising cost ratio 9%——
Revenue growth -36%——
Investment management fee ratio 1%——
Accounting fee ratio 3%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Honours INC executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Awards scholarships to help students pursue higher education.

Provided by the organization

This section is blank until Honours INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $213K of program spending, described in the organization's own filed words · FY2021.
01

To provide students with scholarships to attend post-secondary educational institutions

$213Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$12K
See all 4 funders →
Grants paid · 5 grants · $1.2M · 2020–2024
Unitemized GrantFY2024$249,200
Unitemized GrantFY2023$244,275
Unitemized GrantFY2022$267,200
Unitemized GrantFY2021$212,550
Unitemized GrantFY2020$264,450

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $470K$336K+2% 990 PDF
FY2024 $460K$328K-0.5% 990 PDF
FY2023 $462K$352K-16% 990 PDF
FY2022 Viewing $547K$301K-36% 990 PDF
FY2021 $856K$343K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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