Civic Intelligence

Honored Foundation

990 • Fiscal year 2021 • EIN 81-2204859

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 04, 2022

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

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

22%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

88th percentile

94%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

60%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$161,455

Up $78,350 (+94%) from 2020

Net Assets

Up

$154,103

Up $75,837 (+97%) from 2020

Liabilities

Up

$7,352

Up $2,513 (+52%) from 2020

Revenue

Up

$340,028

Up $127,331 (+60%) from 2020

Expenses

Down

$264,191

Down $80,592 (-23%) from 2020

Net Income

Up

$75,837

Up $207,923 (+157%) from 2020

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

2021

Assets$161,455
Liabilities$7,352
Net Assets$154,103

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

2021

Revenue$340,028
Expenses$264,191
Net Income$75,837
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 4, 2022
Return Version
2021v4.2
Gross Receipts
$340,028
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$31,974$145,555▲ $113,581
Accounts Receivable$14,922$0▼ $14,922
Intangible Assets$33,404$13,090▼ $20,314
Land, Buildings, and Equipment, Net$1,414$1,919▲ $505
Prepaid Expenses and Deferred Charges$1,391$891▼ $500
Savings and Temporary Cash Investments$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
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$83,105$161,455▲ $78,350
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,839$7,352▲ $2,513
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$4,839$7,352▲ $2,513
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$78,266$154,103▲ $75,837
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$78,266$154,103▲ $75,837
Total Liabilities and Net Assets / Fund Balance$83,105$161,455▲ $78,350

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,919$1,120$3,039
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eugene Pinkard JrBoard Chair & Director
Katherine NixBrd Chair & Director term end 04/21
Karen SonnebornCo-President & Director
Katherine BooneCo-President & Director
James F AdamsBoard Secretary & Director
Snehal AminBoard Treasurer & Director
Alka PateriyaDirector term beg 11/2021

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$340,028
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$340,028
Change in Net Assets
$75,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$115,004
Other Expenses$87,187
Grants and Similar Amounts Paid$62,000
Total Fundraising Expense$21,353
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,809-$19,452$97,261
Grants to Domestic Individuals$62,000--$62,000
Depreciation Depletion$502$20,580-$21,082
Fees for Services Accounting-$15,180-$15,180
Payroll Taxes$10,533-$1,488$12,021
Fees for Services Other$6,600$3,136-$9,736
Information Technology$6,615--$6,615
Other Employee Benefits$5,722--$5,722
Advertising$4,279--$4,279
Office Expenses$635$636$413$1,684
Insurance$1,524--$1,524
All Other Expenses$1,123--$1,123
Other Expenses$564--$564
Occupancy$201--$201
Total Functional Expenses$203,306$39,532$21,353$264,191
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 35% controlled entity
No
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

The form 990 is prepared by the organization's independent tax accountant, ernst & young u.s. Llp. The form 990 is then reviewed for accuracy and signed off on by honored foundation management. After sign off, the form 990 is provided to each board member for review prior to filing with the irs.

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

The foundation's board of directors annually reviews its conflict of interest policy and regularly monitors compliance with the policy. On an annual basis, interested persons, including officers and directors, must disclose the existence of financial interests with the foundation or any individual or entity in which the foundation engages with. If there is a suspected violation, the foundation board of directors will hold a hearing to determine the appropriate disciplinary and corrective action. The interested person(s) will not participate in the hearing while the determination of a conflict of interest is discussed and voted upon.

Form 990, Part VI, Section C, Line 19

The foundation provides copies of its form 990 upon request. The governing documents and conflict of interest policy are also 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
Phone
3107386879
Signed
2022-07-04
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
2
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVENUE SOUTH, ISELIN, NJ 08830
Preparer
Michael R Sales
Phone
7325164883
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05722
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05722
IRS990/OtherExpensesGrp/Desc0EDU MATERIALS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1SEMINARS
IRS990/OtherExpensesGrp/Desc2SCHOOL SUPPLIES
IRS990/OtherExpensesGrp/Desc3ANNUAL REGISTRATION
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IRS990/OtherExpensesGrp/TotalAmt3564
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IRS990/OtherLiabilitiesGrp/EOYAmt00
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt077809
IRS990/OtherSalariesAndWagesGrp/TotalAmt097261
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01488
IRS990/PayrollTaxesGrp/ProgramServicesAmt010533
IRS990/PayrollTaxesGrp/TotalAmt012021
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01391
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0891
IRS990/PrincipalOfficerNm0KAREN SONNEBORN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0212697
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt054000
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0119805
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-132086
IRS990/PYSalariesCompEmpBnftPaidAmt0170978
IRS990/PYTotalExpensesAmt0344783
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0212697
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075837
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0380239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0328387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0444714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01706065
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.38510
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IRS990ScheduleA/SubstantialContributorsTotAmt01068525
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0444714
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01706065
IRS990ScheduleA/TotalSupportAmt01706065
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03039
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01919
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt053000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AWARD FOR BEING SELECTED AS AN HONORED TEACHER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt09000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES AWARDS TO CELEBRATE EXTRAORDINARY EDUCATORS WHO HAVE MADE A TRANSFORMATIONAL IMPACT ON STUDENTS' LIVES. WHILE THE FOUNDATION DOES NOT REQUIRE THAT AWARD RECIPIENTS USE THE FUNDS FOR A PARTICULAR PURPOSE, THE FOUNDATION STAYS IN CLOSE CONTACT WITH EVERY TEACHER HONOREE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT TAX ACCOUNTANT, ERNST & YOUNG U.S. LLP. THE FORM 990 IS THEN REVIEWED FOR ACCURACY AND SIGNED OFF ON BY HONORED FOUNDATION MANAGEMENT. AFTER SIGN OFF, THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BOARD OF DIRECTORS ANNUALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AND REGULARLY MONITORS COMPLIANCE WITH THE POLICY. ON AN ANNUAL BASIS, INTERESTED PERSONS, INCLUDING OFFICERS AND DIRECTORS, MUST DISCLOSE THE EXISTENCE OF FINANCIAL INTERESTS WITH THE FOUNDATION OR ANY INDIVIDUAL OR ENTITY IN WHICH THE FOUNDATION ENGAGES WITH. IF THERE IS A SUSPECTED VIOLATION, THE FOUNDATION BOARD OF DIRECTORS WILL HOLD A HEARING TO DETERMINE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE INTERESTED PERSON(S) WILL NOT PARTICIPATE IN THE HEARING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION PROVIDES COPIES OF ITS FORM 990 UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt083105
IRS990/TotalAssetsEOYAmt0161455
IRS990/TotalAssetsGrp/BOYAmt083105
IRS990/TotalAssetsGrp/EOYAmt0161455
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0340028
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021353
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039532
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203306

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