Honored Foundation FY2020 filing

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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, FY2020. 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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
1.1 mo
of spending, in cash
1.1 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
$5K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$213K
Spent
$345K
To programs
79%
Net assets
$78K
By yearFY2020–FY2025
Revenue
$213K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$340K
FY2022$371K
FY2023$446K
FY2024$424K
FY2025$383K
Expenses
$345K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$345K
FY2021$264K
FY2022$340K
FY2023$500K
FY2024$452K
FY2025$220K
Net assets
$78K
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $272K Management & general 17% · $57K Fundraising 5% · $16K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Co-President & Director
$0Pt VII · Sec A
Co-President & Director
$0Pt VII · Sec A
Board Secretary & Director
$0Pt VII · Sec A
Board Chair & Director
$0Pt VII · Sec A
Board Treasurer & Director
$0Pt VII · Sec A
Board Chair & Director
$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 15aNo

Programs and updates

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

Questions for Honored Foundation

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1 program · $272K · in their own filed words · FY2020
01

Honoree Teacher Award Program

A program designed to keep great teachers in the classroom and to inspire a new generation of talent to pursue teaching. The program recognizes nominated teachers who have made a personal, academic, AND/OR inspirational impact on a student's life.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2204859) · Dispute this line
$272Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Gifts and grantsLn 1h$213K
Money outPt IX
$345K
Ln 25
Programscol B$272K
Managementcol C$57K
Fundraisingcol D$16K
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$83K
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Government grantsLn 1e$2K
Noncash giftsLn 1g$10K
Gains on assetsLn 7$0
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Accounts receivableLn 4$15K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$1K
Intangible assetsLn 14$33K
Total assetsLn 16$83K
LiabilitiesLn 26$5K
Net assetsLn 32$78K
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 FY20End FY20
Cash and savingsLn 1–2$68K$32K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$228K$83K
LiabilitiesLn 26$18K$5K
Net assetsLn 32$210K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$54K$54K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$147K$132K$0$15K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$13K$11K$0$1K
Management feesLn 11a$0
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$11K$8K$3K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$2K$2K$781
Information technologyLn 14$12K$12K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$60$60
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$21K$353$21K
InsuranceLn 23$2K$1K$649
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$458$458
Total functional expensesLn 25$345K$272K$57K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2020 ViewingFiled with the IRS Apr 30, 2021 $213K$345K−$132K$78K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $212,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $380,239$212,697
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 $380,239$212,697
I-13 Grants and similar amounts paidPrior year $72,000$54,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $142,707$170,978
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,262$119,805
I-18 Total expensesPrior year $349,969$344,783
I-19 Revenue less expensesPrior year $30,270−$132,086
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $212,697 across 10 lines filed
VIII-1e Government grants$2,000
VIII-1f All other contributions, gifts and grants$210,697
VIII-1g Noncash contributions (included above)$10,050
VIII-1h Total contributions, gifts and grants$212,697
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$212,697
Part IX · Statement of functional expenses $344,783 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $54,000$54,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $132,402 · Management $0 · Fundraising $15,086$147,488
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $10,856$10,856
IX-10 Payroll taxesPrograms $11,480 · Management $0 · Fundraising $1,154$12,634
IX-11a Management fees$0
IX-11b Legal feesManagement $12,948$12,948
IX-11c Accounting feesManagement $18,740$18,740
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $7,538 · Management $3,006$10,544
IX-12 Advertising and promotionPrograms $13,048$13,048
IX-13 Office expensesPrograms $1,704 · Management $781$2,485
IX-14 Information technologyPrograms $12,003$12,003
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $60$60
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $353 · Management $20,774$21,127
IX-23 InsurancePrograms $1,273 · Management $649$1,922
IX-24 Other expenses (24a–d)Programs $26,470$26,470
IX-24e All other expensesPrograms $458$458
IX-25 Total functional expensesPrograms $271,645 · Management $56,898 · Fundraising $16,240$344,783
Part X · Balance sheet $83,105 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $67,607$31,974
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $100,000$14,922
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $4,588$1,391
X-10c Land, buildings and equipment, netStart of year $1,502$1,414
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $54,443$33,404
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $228,140$83,105
X-17 Accounts payable and accrued expensesStart of year $17,788$4,839
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $17,788$4,839
X-27 Net assets without donor restrictionsStart of year $210,352$78,266
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $210,352$78,266
X-33 Total liabilities and net assetsStart of year $228,140$83,105
Part XI · Reconciliation of net assets $78,266 net assets at year end
XI-1 Total revenue$212,697
XI-2 Total expenses$344,783
XI-3 Revenue less expenses−$132,086
XI-4 Net assets at start of year$210,352
XI-10 Net assets at end of year$78,266

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

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