Civic Intelligence

Honored Foundation

990 • Fiscal year 2018 • EIN 81-2204859

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

1645 31st Street NWWashington, DC 20007

(310) 738-6879

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

84th percentile

49%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-26%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$181,650

Up $59,536 (+49%) from 2017

Net Assets

Up

$180,082

Up $93,308 (+108%) from 2017

Liabilities

Down

$1,568

Down $33,772 (-96%) from 2017

Revenue

Down

$328,387

Down $116,327 (-26%) from 2017

Expenses

Down

$235,079

Down $154,233 (-40%) from 2017

Net Income

Up

$93,308

Up $37,906 (+68%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2016: $105,167Liabilities 2016: $73,795Net Assets 2016: $31,3722016Assets 2017: $122,114Liabilities 2017: $35,340Net Assets 2017: $86,7742017Assets 2018: $181,650Liabilities 2018: $1,568Net Assets 2018: $180,0822018Assets 2019: $228,140Liabilities 2019: $17,788Net Assets 2019: $210,3522019Assets 2020: $83,105Liabilities 2020: $4,839Net Assets 2020: $78,2662020Assets 2021: $161,455Liabilities 2021: $7,352Net Assets 2021: $154,1032021Assets 2022: $194,927Liabilities 2022: $9,822Net Assets 2022: $185,1052022Assets 2023: $142,211Liabilities 2023: $10,972Net Assets 2023: $131,2392023Assets 2024: $110,099Liabilities 2024: $6,158Net Assets 2024: $103,9412024

Highlighted filing

2018

Assets$181,650
Liabilities$1,568
Net Assets$180,082

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $286,500Expenses 2016: $255,128Net Income 2016: $31,3722016Revenue 2017: $444,714Expenses 2017: $389,312Net Income 2017: $55,4022017Revenue 2018: $328,387Expenses 2018: $235,079Net Income 2018: $93,3082018Revenue 2019: $380,239Expenses 2019: $349,969Net Income 2019: $30,2702019Revenue 2020: $212,697Expenses 2020: $344,783Net Income 2020: -$132,0862020Revenue 2021: $340,028Expenses 2021: $264,191Net Income 2021: $75,8372021Revenue 2022: $371,170Expenses 2022: $340,168Net Income 2022: $31,0022022Revenue 2023: $446,489Expenses 2023: $500,355Net Income 2023: -$53,8662023Revenue 2024: $424,358Expenses 2024: $451,656Net Income 2024: -$27,2982024

Highlighted filing

2018

Revenue$328,387
Expenses$235,079
Net Income$93,308
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$328,387
Mission and Program Overview

Mission

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

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$86,774$180,082▲ $93,308
Cash and Non-Interest-Bearing Accounts$28,281$102,218▲ $73,937
Intangible Assets$93,833$75,217▼ $18,616
Prepaid Expenses and Deferred Charges$0$4,215▲ $4,215
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$122,114$181,650▲ $59,536
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$35,340$1,568▼ $33,772
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$35,340$1,568▼ $33,772
Net Assets / Fund Balance
Total Net Assets Fund Balance$86,774$180,082▲ $93,308
Total Liabilities and Net Assets / Fund Balance$122,114$181,650▲ $59,536
Compensation and Service Providers

Board Members and Trustees

NameTitle
Katherine NixBoard Chair & Director
Karen SonnebornCo-President & Director
Katherine BooneCo-President & Director
James F AdamsBoard Secretary & Director
Snehal AminBoard Treasurer & Director
Eugene Pinkard JrDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$328,387
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$328,387
Change in Net Assets
$93,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,079
Grants and Similar Amounts Paid$72,000
Total Fundraising Expense$523
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$72,000--$72,000
Fees for Services Other$56,255--$56,255
Advertising$40,599--$40,599
Information Technology$25,728-$523$26,251
Depreciation Depletion-$20,774-$20,774
Fees for Services Accounting-$15,939-$15,939
Insurance-$764-$764
Office Expenses-$331-$331
Fees for Services Legal-$298-$298
Other Expenses$1,460$180-$180
Total Functional Expenses$196,042$38,514$523$235,079
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the organization's form 990 is provided to the directors for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

The foundation annually reviews its conflict of interest policy and regularly monitors compliance with it. If there is a suspected violation, the foundation will hold a hearing and determine the appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 19

These documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
honorED Foundation
EIN
81-2204859
In Care Of
% YOUR PART TIME CONTROLLER L
Phone
3107386879
Address
1645 31st Street NW, Washington, DC 20007

Signing Officer

Name
Karen Sonneborn
Title
Co-president/Director
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Sonneborn
Formed
2016
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Ernst & Young US Llp
Address
2 NORTH CENTRAL AVE STE 2300, PHOENIX, AZ 85004
Preparer
Kelli Archibald
Phone
6023223000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

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

Form 990 Part IX Line 11G

Description:writer services total fees:19308

Form 990 Part IX Line 11G

Description:consulting total fees:17501

Form 990 Part IX Line 11G

Description:graphic design fees total fees:10465

Form 990 Part IX Line 11G

Description:photographer services total fees:8981

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IRS990/PYGrantsAndSimilarPaidAmt049900
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0339412
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt055402
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0389312
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0444714
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt093308
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt086774
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0180082
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0226279
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0386266
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0285000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0897545
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0328387
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0444712
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0286500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01059599
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0162054
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0226279
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0386266
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0285000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0897545
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0328387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0444712
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0286500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt01059599
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0328387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0444712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0286500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01059599
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt060000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AWARD FOR BEING SELECTED AS AN HONORED TEACHER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt012000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION STAYS IN CLOSE CONTACT WITH EVERY TEACHER HONOREE AND MONITORS THE USE OF GRANTS FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO CELEBRATE AND REWARD EXTRAORDINARY K-12 EDUCATORS WHO HAVE MADE A TRANSFORMATIONAL IMPACT ON STUDENTS' LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE ORGANIZATION'S FORM 990 IS PROVIDED TO THE DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION ANNUALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AND REGULARLY MONITORS COMPLIANCE WITH IT. IF THERE IS A SUSPECTED VIOLATION, THE FOUNDATION WILL HOLD A HEARING AND DETERMINE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:WRITER SERVICES TOTAL FEES:19308
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONSULTING TOTAL FEES:17501
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:GRAPHIC DESIGN FEES TOTAL FEES:10465
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PHOTOGRAPHER SERVICES TOTAL FEES:8981
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0122114
IRS990/TotalAssetsEOYAmt0181650
IRS990/TotalAssetsGrp/BOYAmt0122114
IRS990/TotalAssetsGrp/EOYAmt0181650
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0328387
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0523
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038514
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196042
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035340

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