Halcyon House FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Arts & CultureEIN 81-4819533

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Halcyon lifts up innovators and creators who seek to make the world a better place.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$988K 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

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $509K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$988K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $2.5M
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$186K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-7% vs prior year
Spent
$3.5M
To programs
70%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.4M
FY2023▼ -7%
Revenue by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$3.7M
FY2023$3.4M
FY2024$5.6M
Expenses
$3.5M
FY2023▲ +14%
Expenses by fiscal year
FY2020$2.7M
FY2021$3.0M
FY2022$3.1M
FY2023$3.5M
FY2024$4.0M
Net assets
$1.3M
FY2023▼ -7%
Net assets by fiscal year
FY2020$762K
FY2021$848K
FY2022$1.4M
FY2023$1.3M
FY2024$3.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Aug 2017.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $2.5M Management & general 22% · $786K Fundraising 7% · $259K

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

18 people listed on the 990; $988K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$229,829Pt VII · Sec A
Chief Investment Officer
$185,829Pt VII · Sec A
Chief Development Officer
$181,766Pt VII · Sec A
Managing Director
$171,652Pt VII · Sec A
SR Dir of Events and Operations
$110,910Pt VII · Sec A
Controller
$108,448Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Daniel Barker’s $226K as Chief Executive Officer is at the 90th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kate Goodall—$229,829$219,228$219,431$192,185
Daniel Barker$225,534$171,652$141,658——
Kimberly Roberts$200,855$181,766———
Dahna Goldstein—$185,829—$123,048—
Dahna Goldstein Until 9302022——$160,000——
Samantha Abrams———$139,366—
Josh Mandell——$110,769$134,000$116,247
David Corson$127,327————

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 Halcyon House executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports innovators and creators working to improve the world.

Provided by the organization

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2 programs · $2.5M · in their own filed words · FY2023
01

Halcyon Incubator and Intensives

The program offers fellowships to support early-stage impact-driven business founders from around the world. The fellowships include a four-month residential fellowship in washington, D.C., as well as intensive fellowships that serve different international communities, sectors, or demographic groups with tailored needs.

$2.1Mprogram expense
02

Impact Investing

As part of its effort to grow the impact-driven business ecosystem and fuel impact-driven startups, halcyon has launched three funding vehicles. While halcyon incubator fellowships take no equity, founders shared a need for access to likeminded funders, leading halcyon to CREATE:1) the halyon fund, a $5m investment fund supporting…

$403Kprogram 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
S & R FoundationFY2024$1.0M
Tides FoundationFY2024$120K
Total grants receivedfrom 16 funders$2.5M
See all 16 funders →
Grants paid · 6 grants · $1.0M · 2020–2024
Unitemized GrantFY2024$211,475
Unitemized GrantFY2023$177,000
Unitemized GrantFY2022$193,580
Unitemized GrantFY2020$298,954
Georgetown Partnership INCDC · FY2020$75,162

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.2M
Investment incomeLn 3$120K
Other incomeLn 4–11$115K
Money outPt IX
$3.5M
Ln 25
Programscol B$2.5M
Managementcol C$786K
Fundraisingcol D$259K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$641K
Total assetsLn 16$1.5M
LiabilitiesLn 26$186K
PeoplePt VI, VII
18
listed · VII A
PaidVII A6
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$640K
Noncash giftsLn 1g$274K
Investment incomeLn 3$120K
Other incomeLn 4–11$115K
Gains on assetsLn 7$93K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$641K
Cash and savings togetherLn 1–2$641K
InvestmentsLn 11–13$313K
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$87K
Total assetsLn 16$1.5M
LiabilitiesLn 26$186K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 522
VolunteersI 662
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 FY23End FY23
Cash and savingsLn 1–2$650K$641K
InvestmentsLn 11–13$90K$313K
Land, buildings, equipmentLn 10c$12K$20K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$108K$186K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$371K$371K
Grants and assistance to foreign recipientsLn 3$265K$265K
Pay of current officers, directors and key staffLn 5$830K$524K$120K$186K
Other salaries and wagesLn 7$1.0M$923K$105K$22K
Pension plan contributionsLn 8$15K$14K$2K
Other employee benefitsLn 9$61K$56K$5K$166
Payroll taxesLn 10$139K$108K$17K$15K
Legal feesLn 11b$5K$3K$1K
Accounting feesLn 11c$33K$3K$30K$947
Other fees for servicesLn 11g$116K$59K$53K$4K
Advertising and promotionLn 12$84K$10K$74K$338
Office expensesLn 13$75K$29K$45K$840
Information technologyLn 14$76K$14K$59K$3K
OccupancyLn 16$241K$72K$169K
TravelLn 17$44K$22K$15K$7K
Conferences, conventions and meetingsLn 19$72K$10K$46K$16K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$17K$1K$15K$1K
Total functional expensesLn 25$3.5M$2.5M$786K$259K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.6M$4.0M$1.6M$3.0M 990 PDF
FY2023 Viewing $3.4M$3.5M−$112K$1.3M 990 PDF
FY2022 $3.7M$3.1M$587K$1.4M 990 PDF
FY2021 $3.1M$3.0M$66K$848K 990 PDF
FY2020 $3.1M$2.7M$401K$762K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $3,411,882 across 9 lines filed
VIII-1b Membership dues$32,500
VIII-1e Government grants$639,888
VIII-1f All other contributions, gifts and grants$2,504,267
VIII-1g Noncash contributions (included above)$273,718
VIII-1h Total contributions, gifts and grants$3,176,655
VIII-3 Investment incomeExcluded from tax $27,045$27,045
VIII-7 Net gain or loss on sales of assetsExcluded from tax $93,192$93,192
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $114,990$114,990
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $235,227$3,411,882
Part IX · Statement of functional expenses $3,524,302 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $370,688$370,688
IX-3 Grants and assistance to foreign recipientsPrograms $264,748$264,748
IX-5 Pay of current officers, directors and key staffPrograms $524,477 · Management $119,802 · Fundraising $185,993$830,272
IX-7 Other salaries and wagesPrograms $923,329 · Management $104,985 · Fundraising $21,545$1,049,859
IX-8 Pension plan contributionsPrograms $13,917 · Fundraising $1,531$15,448
IX-9 Other employee benefitsPrograms $55,852 · Management $5,073 · Fundraising $166$61,091
IX-10 Payroll taxesPrograms $107,735 · Management $16,797 · Fundraising $14,773$139,305
IX-11b Legal feesManagement $3,397 · Fundraising $1,372$4,769
IX-11c Accounting feesPrograms $2,881 · Management $29,641 · Fundraising $947$33,469
IX-11g Other fees for servicesPrograms $58,551 · Management $53,318 · Fundraising $4,070$115,939
IX-12 Advertising and promotionPrograms $9,721 · Management $74,283 · Fundraising $338$84,342
IX-13 Office expensesPrograms $29,382 · Management $44,960 · Fundraising $840$75,182
IX-14 Information technologyPrograms $13,877 · Management $59,295 · Fundraising $2,679$75,851
IX-16 OccupancyPrograms $71,690 · Management $169,127$240,817
IX-17 TravelPrograms $22,325 · Management $14,705 · Fundraising $7,229$44,259
IX-19 Conferences, conventions and meetingsPrograms $9,880 · Management $46,238 · Fundraising $16,033$72,151
IX-22 Depreciation, depletion and amortizationManagement $6,553$6,553
IX-23 InsuranceManagement $22,106$22,106
IX-24 Other expenses (24a–d)Programs $1,006 · Management $15,268 · Fundraising $1,179$17,453
IX-25 Total functional expensesPrograms $2,480,059 · Management $785,548 · Fundraising $258,695$3,524,302
Part X · Balance sheet $1,493,256 assets, 13 lines filed
Asset lines not itemized here account for $50,762; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $649,847$641,063
X-3 Pledges and grants receivable$5,000
X-4 Accounts receivableStart of year $612,371$376,051
X-10c Land, buildings and equipment, netStart of year $12,392$20,039
X-11 Publicly traded securitiesStart of year $89,590$312,901
X-15 Other assetsStart of year $71,078$87,440
X-16 Total assetsStart of year $1,514,892$1,493,256
X-17 Accounts payable and accrued expensesStart of year $108,413$186,155
X-26 Total liabilitiesStart of year $108,413$186,155
X-27 Net assets without donor restrictionsStart of year $787,037$1,307,101
X-28 Net assets with donor restrictionsStart of year $619,442$0
X-32 Total net assets or fund balancesStart of year $1,406,479$1,307,101
X-33 Total liabilities and net assetsStart of year $1,514,892$1,493,256
Part XI · Reconciliation of net assets $1,307,101 net assets at year end
XI-1 Total revenue$3,411,882
XI-2 Total expenses$3,524,302
XI-3 Revenue less expenses−$112,420
XI-4 Net assets at start of year$1,406,479
XI-5 Net unrealized gains (losses) on investments$11,882
XI-8 Prior period adjustments$1,160
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,307,101

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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