Honornet INC FY2020 filing

Tax-deductible

Bristow, OK501(c)(3)ReligionEIN 59-3634670Revenue $178K in FY2020

On file with the IRShonornet.com12875 S 305th West Ave, 74010-2043 · Bristow, OKTax-exempt since Dec 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Publishing & mission outreach

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$55K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
Spent
$168K
To programs
95%
Net assets
$96K
By yearFY2020–FY2024
Revenue
$178K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$178K
FY2021$153K
FY2022$192K
FY2023$201K
FY2024$192K
Expenses
$168K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$168K
FY2021$197K
FY2022$182K
FY2023$188K
FY2024$209K
Net assets
$96K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$52K
FY2022$62K
FY2023$75K
FY2024$59K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2000.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $159K Management & general 5% · $9K

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$54,600Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

John Jones JR’s $58K as President is at the 59th percentile of top reported officer pay among 2133 $100K–1M religion 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

NameFY2024FY2023FY2022FY2021FY2020
John Jones JR$57,500$49,292$37,000$57,000$54,600

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Honornet INC is a religious organization based in Bristow, OK.

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Provided by the organization

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1 program · $159K · in their own filed words · FY2020
01

Publishing

Partnered with a select group of authors and ministers to produce, publish and distribute a variety of christian books and other retail outlets. Mission outreaches: ministered to at-risk children giving them a chance to learn and accept the love of jesus christ.

$159Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$178K
Ln 12
Fees for servicesLn 2g$145K
Gifts and grantsLn 1h$33K
Money outPt IX
$168K
Ln 25
Programscol B$159K
Managementcol C$9K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$96K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Fees for servicesLn 2g$145K
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$28K
Total assetsLn 16$96K
LiabilitiesLn 26$0
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$70K$68K
Land, buildings, equipmentLn 10c$17K$28K
Total assetsLn 16$87K$96K
LiabilitiesLn 26$0$0
Net assetsLn 32$87K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$21K$2K
Other fees for servicesLn 11g$33K$28K$4K
Office expensesLn 13$340$282$58
RoyaltiesLn 15$2K$2K
OccupancyLn 16$17K$17K
TravelLn 17$4K$4K$396
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$1K$967$107
Other expenses (24a–d)Ln 24$46K$46K$583
All other expensesLn 24e$40K$39K$768
Total functional expensesLn 25$168K$159K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $192K$209K−$16K$59K 990 PDF
FY2023 $201K$188K$13K$75K 990 PDF
FY2022 $192K$182K$10K$62K 990 PDF
FY2021 $153K$197K−$44K$52K 990 PDF
FY2020 Viewing $178K$168K$10K$96K 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 FY2020 990 (6 parts)
Part I · Summary $177,513 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,595$32,999
I-9 Program service revenuePrior year $201,308$144,514
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $305,903$177,513
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,500$23,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $244,062$145,001
I-18 Total expensesPrior year $266,562$168,001
I-19 Revenue less expensesPrior year $39,341$9,512
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $177,513 across 4 lines filed
VIII-1f All other contributions, gifts and grants$32,999
VIII-1h Total contributions, gifts and grants$32,999
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,945 · Excluded from tax $81,569$144,514
VIII-12 Total revenueRelated to mission $62,945 · Excluded from tax $81,569$177,513
Part IX · Statement of functional expenses $168,001 across 10 lines filed
IX-7 Other salaries and wagesPrograms $20,700 · Management $2,300$23,000
IX-11g Other fees for servicesPrograms $28,427 · Management $4,348$32,775
IX-13 Office expensesPrograms $282 · Management $58$340
IX-15 RoyaltiesPrograms $2,371$2,371
IX-16 OccupancyPrograms $16,531$16,531
IX-17 TravelPrograms $3,563 · Management $396$3,959
IX-22 Depreciation, depletion and amortizationPrograms $1,630$1,630
IX-23 InsurancePrograms $967 · Management $107$1,074
IX-24 Other expenses (24a–d)Programs $45,554 · Management $583$46,137
IX-24e All other expensesPrograms $39,416 · Management $768$40,184
IX-25 Total functional expensesPrograms $159,441 · Management $8,560 · Fundraising $0$168,001
Part X · Balance sheet $96,325 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $69,724$68,276
X-10c Land, buildings and equipment, netStart of year $17,089$28,049
X-16 Total assetsStart of year $86,813$96,325
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $86,813$96,325
X-32 Total net assets or fund balancesStart of year $86,813$96,325
X-33 Total liabilities and net assetsStart of year $86,813$96,325
Part XI · Reconciliation of net assets $96,325 net assets at year end
XI-1 Total revenue$177,513
XI-2 Total expenses$168,001
XI-3 Revenue less expenses$9,512
XI-4 Net assets at start of year$86,813
XI-10 Net assets at end of year$96,325

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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