Honored Foundation FY2022 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, FY2022. 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.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
6.3 mo
of spending, in cash
6.3 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
$10K
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$371K
+9% vs prior year
Spent
$340K
To programs
88%
Net assets
$185K
By yearFY2020–FY2025
Revenue
$371K
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$340K
FY2022$371K
FY2023$446K
FY2024$424K
FY2025$383K
Expenses
$340K
FY2022▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$345K
FY2021$264K
FY2022$340K
FY2023$500K
FY2024$452K
FY2025$220K
Net assets
$185K
FY2022▲ +20%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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

88 cents of each dollar spent went to programs.

Program services 88% · $299K Management & general 8% · $29K Fundraising 4% · $12K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Board Secretary & Director - Term End 10/2022
$0Pt VII · Sec A
Co-President & Director
$0Pt VII · Sec A
Co-President & Director
$0Pt VII · Sec A
Board Treasurer & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Term Start 4/2022
$0Pt VII · Sec A
Director - Term Start 4/2022
$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.

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1 program · $299K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2204859) · Dispute this line
$299Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$371K
Ln 12
Gifts and grantsLn 1h$371K
Money outPt IX
$340K
Ln 25
Programscol B$299K
Managementcol C$29K
Fundraisingcol D$12K
Owns and owesPt X
$185K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$195K
LiabilitiesLn 26$10K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$371K
Noncash giftsLn 1g$10K
Total revenueLn 12$371K
Assets in detailPt X, end of year
CashLn 1$178K
Cash and savings togetherLn 1–2$178K
Accounts receivableLn 4$900
Prepaid expenses and deferred chargesLn 9$891
Land, buildings, equipmentLn 10c$3K
Intangible assetsLn 14$12K
Total assetsLn 16$195K
LiabilitiesLn 26$10K
Net assetsLn 32$185K
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 FY22End FY22
Cash and savingsLn 1–2$146K$178K
Land, buildings, equipmentLn 10c$2K$3K
Total assetsLn 16$161K$195K
LiabilitiesLn 26$7K$10K
Net assetsLn 32$154K$185K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$83K$83K
Other salaries and wagesLn 7$110K$95K$4K$12K
Other employee benefitsLn 9$6K$6K$0$0
Payroll taxesLn 10$10K$9K$274$884
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$14K$0$14K$0
Other fees for servicesLn 11g$59K$56K$4K$0
Advertising and promotionLn 12$17K$17K$0$0
Office expensesLn 13$6K$5K$1K$0
Information technologyLn 14$20K$18K$2K$0
TravelLn 17$5K$5K$0$0
Conferences, conventions and meetingsLn 19$161$161$0$0
Depreciation, depletion and amortizationLn 22$2K$775$1K$0
InsuranceLn 23$2K$2K$410$0
Other expenses (24a–d)Ln 24$3K$3K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$340K$299K$29K$12K

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
FY2022 ViewingFiled 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 I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $371,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $340,028$371,170
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 $340,028$371,170
I-13 Grants and similar amounts paidPrior year $62,000$83,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $115,004$126,347
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $87,187$130,821
I-18 Total expensesPrior year $264,191$340,168
I-19 Revenue less expensesPrior year $75,837$31,002
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $371,170 across 4 lines filed
VIII-1f All other contributions, gifts and grants$371,170
VIII-1g Noncash contributions (included above)$10,000
VIII-1h Total contributions, gifts and grants$371,170
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$371,170
Part IX · Statement of functional expenses $340,168 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $83,000$83,000
IX-7 Other salaries and wagesPrograms $95,170 · Management $3,582 · Fundraising $11,562$110,314
IX-9 Other employee benefitsPrograms $6,083 · Management $0 · Fundraising $0$6,083
IX-10 Payroll taxesPrograms $8,792 · Management $274 · Fundraising $884$9,950
IX-11b Legal feesPrograms $0 · Management $1,839 · Fundraising $0$1,839
IX-11c Accounting feesPrograms $0 · Management $14,486 · Fundraising $0$14,486
IX-11g Other fees for servicesPrograms $55,663 · Management $3,510 · Fundraising $0$59,173
IX-12 Advertising and promotionPrograms $17,265 · Management $0 · Fundraising $0$17,265
IX-13 Office expensesPrograms $4,859 · Management $1,498 · Fundraising $0$6,357
IX-14 Information technologyPrograms $17,808 · Management $1,826 · Fundraising $0$19,634
IX-17 TravelPrograms $4,842 · Management $0 · Fundraising $0$4,842
IX-19 Conferences, conventions and meetingsPrograms $161 · Management $0 · Fundraising $0$161
IX-22 Depreciation, depletion and amortizationPrograms $775 · Management $1,454 · Fundraising $0$2,229
IX-23 InsurancePrograms $1,527 · Management $410 · Fundraising $0$1,937
IX-24 Other expenses (24a–d)Programs $2,898 · Management $0 · Fundraising $0$2,898
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $298,843 · Management $28,879 · Fundraising $12,446$340,168
Part X · Balance sheet $194,927 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $145,555$178,439
X-4 Accounts receivableStart of year $0$900
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-9 Prepaid expenses and deferred chargesStart of year $891$891
X-10c Land, buildings and equipment, netStart of year $1,919$3,062
X-14 Intangible assetsStart of year $13,090$11,635
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $161,455$194,927
X-17 Accounts payable and accrued expensesStart of year $7,352$9,822
X-22 Loans from officers and insiders$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $7,352$9,822
X-27 Net assets without donor restrictionsStart of year $154,103$185,105
X-32 Total net assets or fund balancesStart of year $154,103$185,105
X-33 Total liabilities and net assetsStart of year $161,455$194,927
Part XI · Reconciliation of net assets $185,105 net assets at year end
XI-1 Total revenue$371,170
XI-2 Total expenses$340,168
XI-3 Revenue less expenses$31,002
XI-4 Net assets at start of year$154,103
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$185,105

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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