Honored Foundation

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To celebrate and reward extraordinary k-12 educators who have made a transformational impact on students' lives.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2204859) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 7 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $9K a year · 3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
14.1 mo
of spending, in cash
14.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $325K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.9% of total assets
Liabilities are 0.9% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$383K
-10% vs prior year
Spent
$220K
To programs
85%
Net assets
$267K
By yearFY2020–FY2025
Revenue
$383K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$340K
FY2022$371K
FY2023$446K
FY2024$424K
FY2025$383K
Expenses
$220K
FY2025▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$345K
FY2021$264K
FY2022$340K
FY2023$500K
FY2024$452K
FY2025$220K
Net assets
$267K
FY2025▲ +156%
Tap a bar for its year
Net assets by fiscal year
FY2020$78K
FY2021$154K
FY2022$185K
FY2023$131K
FY2024$104K
FY2025$267K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2016.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $187K Management & general 11% · $23K Fundraising 4% · $10K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Co-Chair & Director
$0Pt VII · Sec A
Co-Chair & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kim Barrett’s $134K as Executive Director - Term End 10/2024 is at the 93rd percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023
Kim Barrett$133,569$82,500
Kim Barret—$82,500

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 Honored Foundation executive salaries →

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 15aYes

Programs and updates

Recognizes and rewards exceptional K-12 teachers for transforming students' lives.

Questions for Honored Foundation

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1 program · $187K · in their own filed words · FY2025
01

The honored national and honored schools award programs are designed to keep great teachers in the classroom and to inspire a new generation of talent to pursue teaching. The programs recognize nominated teachers who have made a personal, academic, AND/OR inspirational impact on a student's life.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2204859) · Dispute this line
$187Kprogram expense

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$325K
See all 4 funders →
Grants paid · 12 grants · $501K · 2020–2025
Unitemized GrantFY2025$55,000
Unitemized GrantFY2024$55,000
Unitemized GrantFY2024$50,000
Unitemized GrantFY2023$45,000
Unitemized GrantFY2023$45,000
Unitemized GrantFY2023$40,000
Unitemized GrantFY2023$40,000
Unitemized GrantFY2022$50,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2022$3,000
Unitemized GrantFY2021$53,000
Unitemized GrantFY2020$45,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$383K
Ln 12
Gifts and grantsLn 1h$383K
Money outPt IX
$220K
Ln 25
Programscol B$187K
Managementcol C$23K
Fundraisingcol D$10K
Owns and owesPt X
$267K
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$269K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$383K
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$260K
Cash and savings togetherLn 1–2$260K
Prepaid expenses and deferred chargesLn 9$890
Land, buildings, equipmentLn 10c$771
Intangible assetsLn 14$7K
Total assetsLn 16$269K
LiabilitiesLn 26$2K
Net assetsLn 32$267K
OperationsPt I, VI
EmployeesI 51
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$100K$260K
Land, buildings, equipmentLn 10c$982$771
Total assetsLn 16$110K$269K
LiabilitiesLn 26$6K$2K
Net assetsLn 32$104K$267K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$55K$55K
Other salaries and wagesLn 7$61K$52K$9K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$5K$4K$700
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$40K$40K$0$0
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$4K$3K$986
Information technologyLn 14$18K$18K
Depreciation, depletion and amortizationLn 22$2K$210$1K
InsuranceLn 23$2K$2K$287
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$220K$187K$23K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 12, 2026 $383K$220K$163K$267K 990 PDF
FY2024Filed with the IRS Aug 19, 2025 $424K$452K−$27K$104K 990 PDF
FY2023Filed with the IRS Aug 19, 2025 $446K$500K−$54K$131K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $371K$340K$31K$185K 990 PDF
FY2021Filed with the IRS Jul 4, 2022 $340K$264K$76K$154K 990 PDF
FY2020Filed with the IRS Apr 30, 2021 $213K$345K−$132K$78K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $383,052 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $424,358$383,052
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $424,358$383,052
I-13 Grants and similar amounts paidPrior year $105,000$55,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $236,405$72,039
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,251$93,441
I-18 Total expensesPrior year $451,656$220,480
I-19 Revenue less expensesPrior year −$27,298$162,572
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $383,052 across 4 lines filed
VIII-1f All other contributions, gifts and grants$383,052
VIII-1h Total contributions, gifts and grants$383,052
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$383,052
Part IX · Statement of functional expenses $220,480 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $55,000$55,000
IX-7 Other salaries and wagesPrograms $51,863 · Fundraising $9,153$61,016
IX-9 Other employee benefitsPrograms $6,356$6,356
IX-10 Payroll taxesPrograms $3,967 · Fundraising $700$4,667
IX-11c Accounting feesManagement $20,462$20,462
IX-11g Other fees for servicesPrograms $40,027 · Management $0 · Fundraising $0$40,027
IX-12 Advertising and promotionPrograms $6,121$6,121
IX-13 Office expensesPrograms $3,250 · Management $986$4,236
IX-14 Information technologyPrograms $17,656$17,656
IX-22 Depreciation, depletion and amortizationPrograms $210 · Management $1,454$1,664
IX-23 InsurancePrograms $1,525 · Management $287$1,812
IX-24 Other expenses (24a–d)Programs $1,463$1,463
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $187,438 · Management $23,189 · Fundraising $9,853$220,480
Part X · Balance sheet $268,818 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $99,500$259,885
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $890$890
X-10c Land, buildings and equipment, netStart of year $982$771
X-14 Intangible assetsStart of year $8,727$7,272
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $110,099$268,818
X-17 Accounts payable and accrued expensesStart of year $6,158$2,305
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $6,158$2,305
X-27 Net assets without donor restrictionsStart of year $103,941$266,513
X-32 Total net assets or fund balancesStart of year $103,941$266,513
X-33 Total liabilities and net assetsStart of year $110,099$268,818
Part XI · Reconciliation of net assets $266,513 net assets at year end
XI-1 Total revenue$383,052
XI-2 Total expenses$220,480
XI-3 Revenue less expenses$162,572
XI-4 Net assets at start of year$103,941
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$266,513

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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